How to Purchase Bitcoin (BTC) Using Bitcicoin (BITCI) in China
To buy Bitcoin using Bitcicoin, first, find a cryptocurrency exchange that supports the BTC/BITCI trading pair. Create an account, complete the KYC process to verify your identity, and deposit your BITCI into your exchange wallet. Locate the BTC/BITCI pair on the trading platform and place an order to exchange your Bitcicoin for Bitcoin. If the BTC/BITCI pair is unavailable, you can first exchange Bitcicoin for a stablecoin like Tether (USDT) or a fiat currency such as CNY, then trade that for Bitcoin. Be mindful of potential exchange fees, which vary by platform and can impact the overall cost of your transaction.
How to Exchange Bitcoin (BTC) for Bitcicoin (BITCI) in the Chinese Market
To sell Bitcoin for Bitcicoin, first, find a cryptocurrency exchange that supports the BTC/BITCI trading pair. Create an account, complete the identity verification process, and deposit your BTC into your exchange wallet. Locate the BTC/BITCI pair on the trading platform and place a sell order to exchange your Bitcoin for Bitcicoin. If the BTC/BITCI pair is unavailable, you can first sell Bitcoin for a stablecoin like Tether (USDT) or a fiat currency such as CNY, then trade that for Bitcicoin. Be mindful of potential exchange fees, which vary by platform and can impact the total amount you receive.