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    I have started a practise account on trading 212 and have bought 1 bitcoin as a test. How do I sell this bitcoin so the funds on my account go up?
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    (Original post by Want_To_Achieve)
    I have started a practise account on trading 212 and have bought 1 bitcoin as a test. How do I sell this bitcoin so the funds on my account go up?
    To buy and sell BTC you can do it through an exchange such as Coinbase (it's the one that I use). You then can transfer it to a wallet such as Exodus to basically just keep it safer or keep it on Coinbase. If you decide to keep it on Coinbase you won't be charged the fees to keep transferring it around. You can then just sell it for GDP/USD when the price goes up a bit. Keep in mind the price has to go up enough just to cover the buying fees- with highly volatile currency like BTC this shouldn't be too difficult as long as you know what you're doing. Hope this helps
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    (Original post by bigwang)
    To buy and sell BTC you can do it through an exchange such as Coinbase (it's the one that I use). You then can transfer it to a wallet such as Exodus to basically just keep it safer or keep it on Coinbase. If you decide to keep it on Coinbase you won't be charged the fees to keep transferring it around. You can then just sell it for GDP/USD when the price goes up a bit. Keep in mind the price has to go up enough just to cover the buying fees- with highly volatile currency like BTC this shouldn't be too difficult as long as you know what you're doing. Hope this helps
    So if I buy bitcoin for (lets just say £10) then if the buy price increases then this won't affect me because I have already bought the bitcoin? And also, if the sell price increases to (lets just say £11) then if I sold the bitcoin that I bought for £10 then I would receive £1 more than what I bought for?
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    Sorry to break it to you, but first of all, you don't own bitcoin. Trading 212, Plus 500 and the like are just CFDs (aka their own betting games) making money by luring in people like you (with no trading experience) and then forcing you to trade on margin with a terrible charting software. They make their money when their clients inevitably lose. If you're just interested in holding bitcoin, buy it the proper way. If you want to do some equity trading, use Tradingview.com for your technical analysis and an actual broker.

    Edit: This is for if you're considering opening a real account with them
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    (Original post by Want_To_Achieve)
    So if I buy bitcoin for (lets just say £10) then if the buy price increases then this won't affect me because I have already bought the bitcoin? And also, if the sell price increases to (lets just say £11) then if I sold the bitcoin that I bought for £10 then I would receive £1 more than what I bought for?
    That's the basic idea yep. There are costs involved when buying it so as long as the price goes up by more than you paid in costs then yes, you will see for a higher price than you brought it.
 
 
 
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