What Every Trader Needs to Know About Trading Bitcoin on Bitmama

Initially, when Bitmama was founded in April 2016, it started out as a Peer to Peer digital currency exchange. However, it quickly evolved into a platform where traders buy and sell with new digital currencies like bitcoin and Ethereum. Here are some of the things to note when trading Bitcoin on Bitmama:

1) Regulation

Most Cryptocurrencies are not regulated by any government and are available to anyone on the internet. Bitcoin is just the same, you own the private and public key that makes up your cryptocurrency address.

2) Authenticity

Trading on Bitmama is primarily digital and cannot be counterfeited as with fiat-based credit cards. This means that trading Bitcoin on the platform is protected from any external risks.

This also prevents identity theft by only providing the amount of currency needed for a transaction and nothing more.

Purchasing with fiat currencies usually involves numerous third parties that delay payment. The blockchain technology behind cryptocurrencies protects your Bitcoin by slashing the wait time for the transfer of funds drastically. Some platforms also make use of trading bots. You can learn how effective Bitcoin trading bots are before exploring the option.

3) Registration

Bitmama also makes it quite easy to register to start trading on the platform. Once you have decided to trade bitcoin on the platform, the first step required is to sign up for a free account on the website or download the mobile app from Google Playstore. After which you have to link your bank account and choose your preferred payment method to add money and then choose from over 30+ cryptocurrencies to diversify your portfolio quickly and easily.

It is advisable to Invest in bitcoin (and other cryptocurrencies) slowly over time by scheduling buys daily, weekly, or monthly and you could also store your funds in a vault with time-delayed withdrawals for added security.

Finally, the best place to buy and sell your Bitcoin online is Bitmama. It’s the fastest, easiest and cheapest way to buy bitcoin and other cryptocurrencies such as Ethereum, Ripple, Litecoin, and other cryptocurrencies in a secure way. You can also learn from these 6 Bitcoin hacks to boost your trading.

Be a part of the thousands enjoying the benefits of trading on Bitmama by downloading the app to buy, sell and trade your cryptocurrencies on the go!