FAQ – Frequently Asked Questions
FAQ stands for Frequently Asked Questions. It’s a list of common questions and their answers, often found on websites, in product documentation, or within customer support systems, to quickly address user inquiries. The purpose is to provide readily available information to users, helping them find answers to common issues without needing to contact support directly.
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What is Cryptocurrency Exchange?
A Centralized Exchange (CEX) is a trading platform where users must register an account and deposit their assets into the exchange’s wallet. The exchange acts as an intermediary for transactions between buyers and sellers. The main functions of a centralized exchange include:
High Liquidity: Centralized exchanges typically have a large number of users, resulting in high trading volumes and making it easier to buy and sell assets.
User-Friendly Interface: Most centralized exchanges provide an easy-to-use interface, helping beginners execute transactions with ease.
Support for Diverse Assets: Centralized exchanges often offer a wide variety of coins and tokens for trading.
Security Primarily Handled by the Exchange: Although centralized exchanges usually invest in security, users should still protect their accounts by using two-factor authentication (2FA) and other security measures to minimize risks.
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What Product Does Bicoins Exchange Provide?
Bicoins Exchange is the world’s leading cryptocurrency exchange with low fees and over 400 cryptocurrencies to trade.
Bicoins Exchange is the preferred exchange to trade Bitcoin, Altcoins, and other virtual assets.
With Bicoins Exchange’s services users can:
Trading cryptocurrencies on Spot, Margin, and Futures markets.
Buying and selling cryptocurrencies with Bicoins P2P.
Earning interest on your crypto with Bicoins Earn.
Improving your knowledge, Learn to earn with Bicoins Academy.
Participating in a new tokens campaign on Bicoins Launchpad, Launch pool.
Trade, Stake, and loan NFTs on Bicoins NFT marketplace.
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How to buy (BI) Bicoins’s Token and other Cryptocurrency on Bicoins Exchange?
Steps to Buy Cryptocurrency on Bicoins Exchange
- Create an Account
Sign up on Bicoins Exchange (or a trusted alternative like Binance, KuCoin, or Bybit).
Complete KYC verification (ID submission may be required).
- Deposit Funds
Go to “Deposit” or “Wallet” and choose:
Fiat deposit (USD, EUR, etc.) via bank transfer, credit card, or PayPal.
Crypto deposit (transfer Bitcoin, USDT, etc., from another wallet).
III. Find the Cryptocurrency
Search for BI Token or any other cryptocurrency (e.g., BTC, ETH, SOL).
- Place an Order
Market Order: Buy instantly at the current price.
Limit Order: Set your desired price and wait for execution.
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How to check the price of any Cryptocurrency (Coins, tokens)?
- Check Prices of Coins & Tokens (e.g., Bitcoin, Ethereum, Solana, etc.)
Method 1: Cryptocurrency Tracking Websites (Best for Live Prices)
CoinMarketCap (coinmarketcap.com)
Search any coin (e.g., “Bitcoin”, “BTC”) → See price, market cap, and charts.
CoinGecko (coingecko.com)
Method 2: Exchange Platforms (Best for Buying/Selling)
Bitcoins, Binance, Bybit, OKX, Coinbase,…
Search for the token (e.g., “ETH”) → View live price & trading pairs.
Method 3: Google & Yahoo Finance
Google Search → Type “Bitcoin price” → Instant price chart.
Yahoo Finance (finance.yahoo.com/crypto) → Tracks major cryptos.
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How to trade Cryptocurrencies on Bicoins Exchange?
Trading cryptocurrencies on an exchange involves buying, selling, and exchanging digital assets like Bitcoin (BTC), Ethereum (ETH), and altcoins. Here’s a step-by-step guide to trading crypto on Bicoins exchanges.
Step 1: Create & Verify Your Account
Sign up (Email/Phone + Strong Password).
Complete KYC (Upload ID for higher limits).
Enable 2FA (Google Authenticator for security).
Step 2: Deposit Funds
Option A: Deposit Fiat (USD, EUR, etc.)
Bank Transfer
Credit/Debit Card (Fast but higher fees)
PayPal (Available on some exchanges)
Option B: Deposit Crypto (BTC, USDT, ETH)
Copy the exchange’s wallet address for the crypto you want to deposit.
Send funds from another wallet (e.g., Trust Wallet, MetaMask).
Step 3: Find a Trading Pair
Most trades happen in crypto pairs like:
BTC/USDT (Trade Bitcoin for Tether)
ETH/BTC (Trade Ethereum for Bitcoin)
BI/USDT (Trade Bicoins Exchange Token for USDT)
🔍 Search for your desired pair (e.g., “BTC USDT”).
Step 4: Place a Trade Order
- Market Order (Instant Buy/Sell)
Buys/sells immediately at the current price.
Best for quick trades.
- Limit Order (Set Your Price)
Choose your desired buy/sell price.
Executes only when the market hits your price.
- Stop-Loss / Take-Profit (Risk Management)
Stop-Loss: Sells automatically if a price drops too much.
Take-Profit: Sells when the price hits a profit target.
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How to earn Crypto and revenue on Bicoins Exchange?
Earning cryptocurrency on an exchange goes beyond just trading—there are multiple ways to grow your crypto holdings passively and actively. Here’s a complete guide to earning crypto on Bicoins exchanges
- Staking (Earn Interest by Locking Crypto)
How it works: Lock your coins (e.g., BTC, BI, USDT, ETH, SOL, ADA) to support blockchain networks and earn rewards.
Best for: Long-term holders.
- Yield Farming & Lending (Earn Interest by Lending Crypto)
How it works: Lend your crypto to others via DeFi or exchange platforms for interest.
Best for: Medium-risk passive income.
Options:
CeFi Lending (Simpler): Bicoins exchange, Binance Earn, Nexo, BlockFi.
- Crypto Savings & Flexible Savings
How it works: Deposit crypto (e.g., USDT, BTC) into an exchange’s savings account.
Best for: Low-risk passive income.
Exchanges:
Bicoins (Flexible Savings – withdraw anytime).
- Referral Bonuses (Earn by Inviting Friends)
How it works: Share your referral link; earn commissions when friends trade.
Best for: Free crypto with minimal effort.
Exchanges with referrals:
Bicoins Exchange (Up to 40% commission rebate).
- Airdrops & Free Crypto Promotions
How it works: Complete tasks (e.g., trade, hold tokens, social media) to get free crypto.
Best for: Risk-free small earnings.
Where to find airdrops:
Exchange promotions (e.g., Bicoins Launchpool, launchpad).
Bicoins Academy.
- Trading Bots (Automated Profits)
How it works: Use AI bots to trade 24/7 (grid, arbitrage, futures bots).
Best for: Passive trading income.