Cryptocurrency is a digital currency that uses cryptography for security, feature, that makes it difficult to counterfeit. It is not issued by any central authority, rendering it theoretically immune to government interference or manipulation.

Registering is as simple as 1, 2, 3. Go to main page and register with your email address to get started. For registration, you will need a username and a password.

Bitcoin is a reward for the work done in the form of a code. Bitcoin is the world's first cryptocurrency (decentralized digital currency). This currency is fundamentally different from all previously created electronic currencies and payment systems. It is not tied to any physical assets or âofficialâ currencies, and the price of a digital coin - bitcoin - is governed solely by market supply and demand. Bitcoin is also a worldwide payment system through which transactions with this currency can be carried out. Its main difference from traditional payment systems is that the Bitcoin system does not have any control and processing center - all transactions take place exclusively in a network of equal clients.

It is very easy to confuse the Last Traded Price with the Market Price for a new user who does not have enough experience in trading. Bitniex has created a dictionary of price terminology that will help novice traders understand. Limit price: your desired limit order price or best price. Price dependence on the operation performed. A limit order: buy - executed only at the limit price or lower; sell - executed only at the limit price or higher. Market Price (Taker Price): this is the current price at which an asset or service can be purchased or sold. The market price is the best offer in the order book, which differs for buyers and sellers because the best offer for buyers is the lowest sales order in the book, and the best offer for sellers is the highest purchase offer in the book. Best Average Market Price is the average price of the best current asks or bids that can fill an order. It will be filled by several opposing orders on the book. A market buy order: several of the lowest asks on the book, a market sell order: several of the highest bids on the book. The average price for filling a market order is the best average price. Last Traded Price: price for executing the last order in the market. For example, if the last XBTUSD trade was at 10127, then 10127 will be The Last Traded Price. This is a purely historical price, and the market order will not be executed on it.

It all depends on your usual trading style and your character: are you tolerant of risks, what knowledge about investing you have. Choose the strategies that are right for you.

Go to the exchange and click the Personal Area icon at the upper right corner of the top bar. Click Withdraw, and select a coin. Then fill in the wallet address and choose the corresponding network. Input the amount and then click confirm to proceed. Security verification window will pop up, fill 2FA code one by one to submit the withdrawal request.

It varies from coin to coin. Check the withdraw page for more info.

How it works? A trader forms a portfolio of several promising and undervalued, in his opinion, coins. The ideal situation would be to create a balanced portfolio of cryptocurrencies, the value of which will not fall and skyrocket. In this case, a beta-neutral portfolio with respect to bitcoin, where half of the coins directly correlates with BTC and grows with its strengthening, and the other half, on the contrary, grows when the price of "digital gold" falls, may become optimal in this case.