How to Profit by Trading BTC Even Without Trading Experience?

1 Staking - Minimum risk and profit

BingX offers staking for investors to secure the least risky returns. The annualized staking yields often outperform bank fixed deposit rates by approximately 1%. Certain DeFi platforms offers stakes that are similar to the bank's fixed-term interest rate. Although the number may appear enticing in the short term, it's important to note that the long-term staking lacks the compounding effect. This is precisely why staking predominantly relies on stablecoins like USDT or USDC to safeguard investors' assets.

2 Copy Trading - Medium risk and high profit

In Copy Trading, traders place orders while copiers simultaneously copy the traders' orders with the margin that is customizable. The reason that Copy Trading carries moderate risk is that while it doesn't require copiers to possess any trading expertise, they must diligently evaluate a trader's transaction history and independently decide whether to replicate the trader's trading strategies. The risk level of traders increases as their profit grows and the assets they hold decrease. Thus, it's advisable to select traders with assets exceeding $10,000 and per-order limits under $100. Larger assets indicate higher risk tolerance, and a per-order cap of merely 1% of the total position means they can ensure long-term profitability with a win rate of above 90% in high-frequency trading. On the contrary, traders with only $50 assets signifies a much lower risk tolerance. Such traders are inclined to adopt bolder investment approaches but could lose it all in a single trade and bail.

BTC Investment Calculator

If I purchased BTC in the following year:

BTC

*Calculated based on the annual average price of BTC (with fiat currency based on the latest conversion rate). Note that the price fluctuations are greater for tokens with a short issuance period. Results are for reference purposes only and do not constitute investment advice.

How to Buy Bitcoin With Credit Cards

To buy Bitcoin with a credit card, please check if your card issuer supports third-party payments. If third-party payments are supported, then you can purchase with a credit card. Otherwise, please consider buying Bitcoin through other methods.

Other Methods to Buy Bitcoin

1. Use Google Pay or Apple Pay to buy Bitcoin

BingX supports third-party payment methods that enable users to purchase Bitcoin via Google Pay and Apple Pay if they have completed the KYC verification. Third-party payment service providers in most countries, though policies may vary across different countries, generally require users to complete their KYC verification too before they can use Google Play and Apple Pay.

2. Use bank transfer to buy Bitcoin

BingX supports bank transfers for multiple fiat currencies. To purchase Bitcoin via bank transfer, please complete your KYC verification first. Once verified, you'll find the "Buy Crypto" button on your account. Simply select the fiat currency and enter the amount you wish to transfer, follow the instructions to transfer fiat money to your BingX Fiat Account, and you'll be ready to purchase Bitcoin with your fiat money.

3. Trade P2P with zero fees

BingX has introduced P2P trading, as it doesn't incur trading fees. However, due to regulatory policies, it's not supported in all countries. Currently, P2P is available only in a few countries or regions. Stay tuned for updates regarding BingX's P2P to check its availability in your country or region.

How to Buy Bitcoin BTC ETF

An ETF, short for Exchange Traded Fund, is a financial product recognized by national financial regulators. Investors acquire assets through designated institutions and entrust them for custody. However, not all cryptocurrency ETFs are recognized; currently, only Bitcoin ETFs are acknowledged as financial products by major countries worldwide. Due to regulation by national financial authorities, purchasing Bitcoin ETFs is only possible through designated financial institutions in your country. It's essential to note that not all countries have approved Bitcoin ETFs, so it's advisable to check your country's financial policies beforehand.

How to Get Free Bitcoin

You can get Bitcoin for free in three methods: 1. Airdrop; 2. Staking; 3. Trade earnings. Airdrops are the safest and least costly method to gain Bitcoin. Keep an eye on BingX events to check out BingX's latest Bitcoin airdrops. Additionally, BingX QA has a dedicated section for details on airdrop rules of other tokens.

How to Safely Store Bitcoin

The safest way is to store your Bitcoin in a hardware wallet and lock it up in a safe, ensuring that the hardware wallet is disconnected from the internet. If you want to store Bitcoin in a software wallet, BingX has implemented a triple verification method for withdrawals to safeguard users' funds against theft. The triple verification method includes: Fund Password, Google Authenticator code and SMS verification code. A withdrawal can only proceed when all three verification codes are correct. Besides the Fund Password, the other two codes are generated randomly. Investors are advised to properly keep the devices linked with their BingX account's verification options.

Invest Smartly in Bitcoin with BingX

Simple

For the easiest way to invest in , look no further than BingX. Even beginners can turn a profit.

Efficient

With a world-leading TPS, BingX ensures the minimal slippage (excluding external trading data integration) for investors in its trading market.

User First

User-centricity is at the core of BingX's trading features and user profitability is of the utmost importance.

High Liquidity

BingX offers highly liquid cryptocurrencies with substantial market depth, thereby mitigating trading risks for users.