Although a fairly new invention, cryptocurrencies are becoming more popular with the arrays of money-making opportunities they present. Some of these opportunities include cryptocurrency trading and investment. The easiest way to trade cryptocurrency is to use Remitano peer to peer.
Buying or selling of Bitcoin is easier on Remitano P2P than other platforms. On Remitano, you can buy Bitcoin and Ethereum with your local currency and the process is so easy that even a newbie can trade on the platform.
Registration on Remitano is quick and easy. You can register with your email address and activate your account within one minute. To trade on the platform, you need to verify your identity with a valid ID and provide some personal details.
The verification process only takes about 10-15 minutes, after which you can start trading.
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Trading on Remitano is unique and super simple. You will see numerous seller ads on the homepage with their specific rate, preferred bank name, rating and sale limit. You need to scrutinize these details to get your first trade right.
As a smart buyer, you always want to buy at the lowest price. What if the person selling at the lowest price has a rating of 1 or 2 stars?
The rating is based on traders' previous trades. A trader with a good rating (4 -- 5 stars) has a good reputation, while you should avoid dealing with traders with less than three stars.
The seller's sale limits are also a crucial factor to consider. Sale limits refer to the maximum and minimum amount of BTC or ETH you can buy from a particular seller.
If trader Ade's sale limit is 0.005BTC, it means he can't sell more than that amount of bitcoin at that particular time. So, if you want to buy 0.006BTC, you have to go to a seller with a higher sale limit.
So, make sure a seller's profile meets your requirement and has a good reputation before trading with him/her on the platform.
Now that you have chosen your seller of choice, click on the buy button on the seller's profile to proceed with the trade. Note that buying on the platform makes you a trader and building an excellent reputation starts from your very first trade.
My point is that you don't want to get anything lesser than a 5-star rating on your very first trade and to achieve that you need to be quick and pay the fiat equivalent of the coin you want to buy. You should also avoid delay when making the payment.
The fixed time for trading on Remitano is 15 mins, if you exceed the time, the seller may push the transaction to dispute, and that can go sideways. Remitano could limit your account if you don't fulfil your end of the deal. Even if you do, the seller could give you a poor rating for wasting time.
Some of the factors that can cause a delay when making payments include poor internet network and bank issues.
You can avoid delays by loading money on your Naira wallet on Remitano account before initiating the trade. That way, you can pay for the coin right out of your Naira balance.
Trading is all about making profits from price differences. You typically buy at a low price and sell at a high price. Good knowledge of the cryptocurrency market trend will help you know when to buy and when to sell.
Coinmarketcap.com is an excellent resource to follow the price trend of cryptocurrencies. You can also use coindesk.com, cointelegraph.com or dailycryptonews.net price charts to track the price trend.
Once the value of the BTC you bought increases by a few dollars, you can put it up for sale. There are two ways to do this. You can check some of the sell ads on the home page and trade with a preferred buyer. Don't forget to review some of the features I mentioned earlier.
Another way to sell your coin is to place a sale ad where you specify the rate you want to sell and your preferred bank details if you are using bank remittance. I advise traders to use instant trade on Remitano instead of bank payment because it is swift, seamless and super-fast. It is going to save you a lot of time and unnecessary disputes that could occur with bank payments.
If you have sellers you buy from at very cheap rates, you can also send them the link to your sell ad. This way, you will avoid the delay involved with offline trades and also remain organized since you will be using a single platform for your deals. Besides, you also benefit from Remitano Affiliate program, which we will talk about in a bit.
Remitano has always made cryptocurrency trading easy, and they are getting better at it. With the new fiat (naira wallet), withdrawal has become fast and easy. All you need to do is to add your bank account details, and on the click of a button, your funds are in your account.
So, after a productive day, you can keep the funds in your fiat wallet on Remitano or load them into your local bank account in a matter of seconds.
Apart from trading, Remitano offers unique perks and rewards that you can never get from other trading platforms.
Remitano recently launched an incredible referral program, and it is unarguably one of the best referral programs you can get from any exchange. Remitano referral program offers up to 40% lifetime commissions on all your referrals. It sounds incredible, doesn't it? Check here for more information about Remitano referral program.
Remitano also dishes out mouth-watering giveaways on their forum every week. You can win as much as 100USDT by participating in simple quiz and tasks on the Remitano forum.
Although Remitano is one of the most secure platforms to buy and sell bitcoin, you also have to be careful and exercise some personal security measures.
The first line of security is to make sure you use your personal information when registering on the platform. You may lose your account if you can't provide some of the required documents for KYC registration.
Avoid trading with traders with a poor reputation. Although your money is safe with Remitano, your funds or coins may be locked up for some days in cases of disputes.
Another invaluable security tip is to avoid man-in-the-middle scam. The man-in-he-middle scam is a situation when a scammer sells stolen coins and receive the money in another person's bank account.
You can avoid this when making payment by confirming that the receiving bank account details conform with the seller's name on Remitano.
Finally, for the best trading experience, use Remitano mobile app. Apart from the extra layer of security it offers, the app will keep you online always and notify you about the progress of your trade.
I hope you find this article helpful in your quest to become a badass trader on Remitano.
