Upbit exchange app novice buying coin graphic tutorial

To initiate coin purchases on Upbit, new users can download the app, create an account, deposit funds, search for the desired coin, and place a buy order through limit, market, or stop-limit options.

Sep 12, 2024 at 04:56 pm

Upbit Exchange App Novice Buying Coin Graphic Tutorial

Step 1: Create an Upbit Account

• Download the Upbit app from the App Store or Google Play.
• Create an account by providing your email address, phone number, and a security code sent to your phone.

Step 2: Fund Your Account

• Go to "My Assets" and select "Deposit."
• Choose your preferred deposit method (e.g., bank transfer, credit card) and enter the amount you want to deposit.

Step 3: Find the Coin You Want to Buy

• Tap on the "Markets" tab.
• Use the search bar to find the coin you want to buy.

Step 4: Place a Buy Order

• Tap on the coin's trading pair (e.g., BTC/USDT).
• In the "Buy" section, enter the amount of the coin you want to buy or the amount of fiat currency you تريد استخدامه.
• Select the order type (e.g., Limit, Market, Stop Limit).
• Review the order details and tap "Buy."

Step 5: Track Your Order

• Your buy order will appear in the "My Orders" section.
• Once your order is filled, the coins will be added to your spot wallet.

Additional Tips:

• Use a limit order to set a specific price at which you want to buy the coin.
• Use a stop limit order to close your position at a specific price if the market price drops.
• Consider using a cryptocurrency wallet to store your coins more securely.
• Check market trends and do your own research before buying coins.

Detailed Expansion:

Step 2: Fund Your Account

• Bank Transfer: Use your bank account to transfer money directly to Upbit. The processing time varies depending on your bank.
• Credit Card: You can use your credit card for instant deposits. However, fees can apply.

Step 4: Place a Buy Order

• Limit Order: Allows you to specify the price at which you want to buy the coin. Your order will only be executed if the market price reaches your specified price.
• Market Order: Buys the coin immediately at the current market price.
• Stop Limit Order: A limit order that activates only when the market price reaches a certain level. It can be used to protect your profit or minimize losses.

Additional Tips:

• Always check the market depth to see how many buy and sell orders are at different prices.
• Consider using a trading bot to automate your trading strategy.
• Learn about crypto market terminology and strategies to make informed decisions.