If you are new to trading cryptocurrencies, then it should not intimidate you. Cryptocurrencies are traded in a similar fashion to a number of other assets. There will be bids and offers on the pairs where the highest bids will be at the top and the lowest offers at the top.
If there is a cross between the two and a bid meets an offer then the trade will go through and the order will be executed. Due to the fact that province town is a peer to peer exchange, the mechanics will work exactly the same although Province town cannot take a cut of the fee.
The order will be facilitated as the seller will have to store their cions in the exchange online wallet and the buyer will have to have funds on the exchange already in order meet the order requirements.
We accept a range of different funding methods and you will keep your funds in an online wallet that is tied to your name. Once the trade has gone through the balances will be adjusted according to the trade parameters.
When placing the trade, you are also given the opportunity to place guaranteed stop losses on the trades. These are done in order to make sure that you will not lose more than you are comfortable with. We highly recommend this.
On the upside, the trade r can also place what are called “take profits”. Take profits are a way in which the trader can realize their gains in an automated fashion above a certain percentage. These are helpful for those traders that would like to secure their gains above a certain percentage.
It is also very important that traders make sure that they have appropriate security protocols in place and do not risk their login credentials. Moreover, phishing attempts are commonplace in the digital currency trading world. Always be on a look out for them.
Our exchange offers a range of funding methods for Fiat currencies. These include Dollars, Pounds and Euros. We usually take Fiat deposits through our banks and wire transfers.
However, funding your account through cryptocurrencies is also possible. In this case, all you would need to do is to send your digital assets to your online wallet. We allow funding in Ethereum, Bitcoin and Litecoin.
If you have funded in a digital asset then you can trade the coins just as you would if you were funding with Fiat money. You will be debited the coin that you are exchanging for that which you want to purchase.
The withdrawal process is also just as simple as the funding. If you would like to withdraw your coins to another wallet or offline solution, then you will merely need the address. We ask that you will confirm the withdrawal through email. Depending on network processing times, you should have the coins within an hour.
When you want to withdraw Fiat currencies, then you will need to process a withdrawal request. The exchange will wire the funds back to an account in your name. Wiring times vary but you should expect it to take about 3-4 business days.
There are a number of resources on the Province Town exchange in order to help you around the site. These include helpful trading guides, pricing analysis and expert opinions.
If you had any questions that were restricted to the online Peer to Peer trading, then you could contact firstname.lastname@example.org for help. Please raise a ticket and let our support staff know your trading concerns.
We hope that you are able to make a success of your trading on the Province Town exchange and we wish you the best of luck. Remember, always protect your private keys and never invest more money than you can afford to lose.