Trading Bitcoin for Beginners Our Guide To Bitcoin Trading
Aside from the obvious, Bitcoin is the buzzword of 2023 so far. The cryptocurrency is slowly becoming a household name; you may have heard of it, but do you know how to trade it?
We at Zeply see the real-world potential of Bitcoin and aim to help it become a standard form of payment. Our platform takes the processing time of Bitcoin away, allowing for simple, instantaneous transactions sent directly to and from your account. Our trading bitcoins for beginners’ review below highlights some key things to consider before starting your Bitcoin journey.
Bitcoin - What Is It?
Bitcoin is a decentralised digital currency that can be sent peer-to-peer without the need for intermediaries. Whilst we write this Trading bitcoin for beginners’ review, BTC is valued at $45,460 after recently surpassing its all-time high.
Bitcoin hasn’t always seen such a healthy market value (the first two bitcoins were sold for two pizzas). However, since the world’s wealthiest person, Elon Musk, has recently invested $1.5 billion of the cryptocurrency into Tesla, we have seen a sudden surge in its popularity.
We at Zeply, like Musk, believe Bitcoin is the future of finance and, with the help of our hassle-free exchange, anticipate that Bitcoin will soon become a standard method of payment that is accessible to all.
Five Things To Keep In Mind When Starting Your Bitcoin Trading Journey
Selecting your exchange is one of the most important parts of your trading journey. Ensuring you have a simplistic, transparent and reputable exchange is imperative to enable your trading journey is as fluid and successful as possible.
We at Zeply.com are innovators in the way Bitcoin is traded. Our web-based exchange allows for immediate transfers of traditional to digital currency, taking the usual 10-min processing time away from your Bitcoin transactions. We stay transparent with our users, allowing you to execute trades from your mobile phone, laptop or tablet with complete peace of mind; in the knowledge, you will not be subject to any hidden fees.
Below, in our trading bitcoin for beginners’ review, we’ve itemised five key expectations you should have when selecting an exchange, why they are important and how we have ensured our platform meets these standards.
Security, Regulations & License – Choosing a reliable exchange
First and foremost, any trade business that exchanges fiat for cryptocurrency requires a banking license with a licensed bank or payment processor. However, due to the mixed feelings towards cryptocurrency, there is no one-size-fits-all when discussing an exchange’s legality (some countries have even banned crypto completely). When looking for a secure, fully licensed exchange, most credible platforms will keep their terms of use, privacy policy and details of their license and registration accessible on their homepage.
With all that in mind, we at Zeply are proud to say we are registered in Tallinn, Estonia and licensed by the Estonian Financial Intelligence Unit. The Know Your Customer (KYC) procedure is an essential part of our sign-up process and a legal requirement by Estonian law, ensuring that all clients are creating legitimate accounts, minimising the chances of fraud. We also give our users the option to add two-factor authentication to their account (discussed later in our trading bitcoin for beginners’ review), ensuring your funds can only be accessed by yourself and making your cryptocurrency trading experience a safe one.
Methods Of Payment – Buying crypto with fiat payments
For beginners trading Bitcoin, it is crucial you know what deposit and withdrawal methods are available to you from your chosen exchange. Regardless of any other key point in this list, you will need an exchange that allows for the purchase of Bitcoin by card. It is worth remembering from earlier on in our trading bitcoin for beginners’ review that any exchange offering exchanges between fiat and crypto will also be licensed.
We offer our users the chance to buy Bitcoin with fiat (USD, GBP or EUR) or transfer BTC from an external wallet. The setting up of your card has been made nice and straightforward, with approvals successfully completed within minutes. Once verified, you will then have the added bonus of transferring funds between your accounts quickly – The future of finance is here!
Wallet – Finding the right wallet (or storing your BTC with us)
When choosing the right exchange to buy your Bitcoin, it is also essential to consider where you will be storing your Bitcoin. Once one of our agents verifies your account, you will be free to use our built-in wallet, allowing you to trade and transfer your assets with ease.
If you plan to use your own online or hardware wallet outside of Zeply, that’s fine too. Our deposit and withdrawal process allows for the fast and effective transfer of your funds with zero fees!
Learn Whilst You Earn – Keep up to date with the latest news
The Bitcoin community is full of opinions, “expert” analysis and bizarre jargon, some of which you may never have come across before. What is an inverse head and shoulders? Should I buy the dip? Why does everyone want to go to the moon? It’s crucial you know how to distinguish the facts from opinions, especially when it’s your money that’s on the line.
Thankfully we keep our “News” section updated regularly, providing our traders with up-to-date information on Bitcoin, it’s real-life uses, current market trends and much more. We like to offer our traders the opportunity to “learn whilst they earn” in the hope of adding to your knowledge and playing our part in developing your (hopefully) successful trading career.
Customor Service – 24/7 support with us
If you have questions regarding your account, problems with the exchange, or need some advice on adding a Bitcoin address, you need to have faith in your exchange and, in particular, their customer service team. The crypto world is still very new, very exciting, and volatile, and you need to have complete faith in the team you are using.
At Zeply, we know the importance of Customer Service and pride ourselves on being able to offer direct support through various channels. Although not available by phone, our proficient agents are on hand 24/7 via live support – just a click away from resolving your query. Of course, if your enquiry isn’t too urgent, you can also do your own research and have a look through our support page.
Setting Up Your Zeply Account
Simplicity is at the core of everything we do at Zeply, and our sign-up process is no different. In four simple steps, you will be well on your way to getting your first taste of Bitcoin action.
To begin, open up your preferred browser and enter Zeply.com. You will be greeted with a white background and bold black text stating “A simple & secure way to buy Bitcoin”, below you will see a bright blue box with the words “Sign Up”. Click here to get yourself started. (You can also click the three lines in the top-right corner, this will open up a drop-down list where you will see a smaller blue box with the words “Sign Up” too.)
The sign-up page will begin by requesting you fill in your first name, last name, e-mail address and password. You must then tick a box to accept our terms of service and click “Sign Up”.
You will then receive an email from us with a link. You will need to press this link or copy and paste it into your browser before continuing to the next step. Be sure to check your junk/spam folder for any e-mails. If you have not received an email within 2 minutes, there is also an option on the site to “Resend Email”.
Once confirmed, you will need to enter your mobile telephone number, including your country code, at the beginning. Press “Send the confirmation code”, and you should receive a 6-digit passcode via SMS. To continue onto the next stage of the sign-up process, you must enter this code and click “Done”. If you do not receive your code, there is also the option to click “I didn’t receive a code”.
The final section requires you to input some basic details about yourself. These details include your date of birth, gender, currency, address, city, postcode and country. Click “Continue”, and your account set up is complete!
How To Trade With Zeply
Earlier, in our trading bitcoin for beginners review, we mentioned the KYC process. To begin trading with Zeply, you will need to complete this process by going to your dashboard and selecting “Complete KYC”.
- Next, you will need to provide a front and back photo of your National ID card, Driver’s License, Passport or Residence permit. After selecting “Next”, you will then need to take a selfie (this also involves rotating your head in a circle). When you are happy, click “I’m Ready”. The Zeply verification team aims to have your documents reviewed within 24 hours, and you will receive an update via email once we review and accept your documents.
- Finally, with your account verified, you are ready to get your hands on some Bitcoin! You can send Bitcoin to your Zeply BTC wallet, or you can purchase crypto with your debit card,
- To buy Bitcoin with your card, head straight to your “dashboard and select the “Cards” tab, followed by “Add a card”. As prompted, take a picture of the front and back of your card. Once both sides have been photographed, select “Proceed”. Next, input your first and last name, first six digits of the card, last four digits of the card and expiry date. Once these details are complete and photos taken, select “Add Card”. Our agents will then review your card details and aim to have you verified within minutes.
- Once verified, it’s time to head to your dashboard and click “Buy”. Select your chosen deposit method, the amount of Bitcoin (in fiat) you are looking to purchase and select “Buy”. Congratulations on joining the world of Bitcoin!
- With your recent purchase sat in your Zeply Bitcoin wallet, you can now choose whether to hold onto your cryptocurrency, “Send”, “Receive” or “Exchange”.
Time To Enter The World of Cryptocurrency Trading!
When it comes to buying your first Bitcoin, you want to know your funds are in safe hands. At Zeply, we provide the option to add 2FA to your account, and we take the risk of transferring your funds to an external wallet away by providing you with a wallet on our platform.
Offering zero fees and no maximal withdrawal or deposit value, we are the perfect choice for a beginner looking to get set up in the world of Bitcoin without having to spend a fortune.
Any problems or questions you may have can also be answered quickly by a team of Customer Service agents who pride themselves on offering top quality support. We also have ways for new traders to self-educate and problem-solve. Our “News” tab allows users to keep up to date on the latest Bitcoin news, trends and perks of the Zeply site. Our “support” tab will enable users to actively problem-solve any issues they are having on the website by following our handy step-by-step guides.
For example, if you are in the UK, we provide you with a guide on Bitcoin trading UK.
All that’s left is to remind you of the real risk involved with trading, be sure to trade only what you can afford and always be wary of scammers trying to access any account info.
Happy trading!
