Why do cryptocurrency prices spike after exchange listings?
A post by Evelyn Soto
To buy Bitcoin using BONFIRE, first, find a cryptocurrency exchange that supports the BTC/BONFIRE trading pair. Create an account, verify your identity, and deposit your BONFIRE into your exchange wallet. Locate the BTC/BONFIRE pair on the trading platform and place an order to exchange your BONFIRE for Bitcoin. If the BTC/BONFIRE pair is unavailable, you can first exchange BONFIRE for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Bitcoin. Be mindful of potential exchange fees, which vary by platform and can affect the total cost of your transaction.
To sell Bitcoin for BONFIRE, first, find a cryptocurrency exchange that supports the BTC/BONFIRE trading pair. Create an account, verify your identity, and deposit your BTC into your exchange wallet. Locate the BTC/BONFIRE pair on the trading platform and place a sell order to exchange your Bitcoin for BONFIRE. If the BTC/BONFIRE pair is unavailable, you can first sell Bitcoin for a stablecoin like Tether (USDT) or a fiat currency, then trade that for BONFIRE. Be mindful of potential exchange fees, which vary by platform and can affect the total amount you receive.
A post by Evelyn Soto
A post by William Parvez