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Hello Everybody,
Welcome to my blog.
This blog is just a Tutorial showing you how to work in btc-e.com website. BTC-e.com is a trading website for Bitcoins, Litecoins and many more crypto currencies.
I am not gonna explain what are bitcoins and what they do. Am just gonna show you how to work in BTC-e website. Am not gonna give you any trading tips. If you are looking one, then this ain't the right place.
Visit : https://btc-e.com/
Signup using this link : https://btc-e.com/reg
Once registered, then please login to your account. You shouldn't login with your username. You should login with your email id that you created your account with. If you fail 3 times then your account will be locked and if there is any funds inside it, then it won't be released either.
The next immediate step you do is Confirming your email address. They don't send you automatic confirmations like other sites. You have to request them manually. You request them by going to this link : https://btc-e.com/profile#edit/home
Then you will receive your confirmation email and your account is confirmed now. The next step you have to be aware of is Securing your account from hacking or phishing attacks.
Go here : https://btc-e.com/profile#edit/security
Then you have to click Save. You will get another confirmation email. Go back to your email and confirm that one either. If you had done this, you don't have to worry in future. Only when you confirm the link in your email, that request will be processed.
These are the major basic steps that you have to follow in btc-e.com
For security Reasons, I have not shown the Full Address of my wallet.
Your bitcoins will be deposited within 30 minutes - 4 hours maximum. For some guys it had taken even 2 days. Please copy and paste the correct Address as Bitcoins are irreversible.
Then once it is credited you would be notified in the btc-e website. Not in email. You could see that notification only after you had logged in to your account.
You can use that bitcoin amount to trade inside btc-e.com main trading page.
https://btc-e.com/exchange/btc_usd
The same way you can Deposit USD. You can Deposit USD via OKPAY, PERFECT MONEY and BITINSTANT.
In the above picture you could see lots of boxes. The one which is highlighted in blue is the one you are currently going to bid for (BTC/USD).
Please follow the same steps that I had done here and click Continue. Then in the next page you will be linked to your LR account once you had paid the LR funds, then you will receive a BTC-E code to your email as I had mentioned send the code to the email only. You can also send the code directly to your account by filling your account name but I don't suggest that cause there can be some errors filling it out.
If you login to your email, you would have received a code from Aurum exchange. The code will be something like this :
BTCE-USD-XWX6Z6RP-UMEAR5M1-44FCQRRR-FVLTI7SB-P7WXXXXX
Copy that code you just received and go to this link :
https://btc-e.com/profile#funds
Click REDEEM on the BTC - E Code.
Enter the BTC-e code that you got from Aurum Exchange and click REDEEM. The funds you had transferred from Liberty Reserve will be instantly credited in your USD Balance :)
There is a disadvantage in this Aurumxchange. You might often get this error :
So in such situations, you have to wait for sometime even the whole day to see whether they Accept LR right now or not. So I suggest if you get this error, then please convert your LR into OKPAY and deposit immediately.
Hello Everybody,
Welcome to my blog.
This blog is just a Tutorial showing you how to work in btc-e.com website. BTC-e.com is a trading website for Bitcoins, Litecoins and many more crypto currencies.
I am not gonna explain what are bitcoins and what they do. Am just gonna show you how to work in BTC-e website. Am not gonna give you any trading tips. If you are looking one, then this ain't the right place.
Visit : https://btc-e.com/
Signup using this link : https://btc-e.com/reg
Once registered, then please login to your account. You shouldn't login with your username. You should login with your email id that you created your account with. If you fail 3 times then your account will be locked and if there is any funds inside it, then it won't be released either.
The next immediate step you do is Confirming your email address. They don't send you automatic confirmations like other sites. You have to request them manually. You request them by going to this link : https://btc-e.com/profile#edit/home
Then you will receive your confirmation email and your account is confirmed now. The next step you have to be aware of is Securing your account from hacking or phishing attacks.
Go here : https://btc-e.com/profile#edit/security
These are the major basic steps that you have to follow in btc-e.com
How to Deposit in BTC-E :
This is where some of my friends gets confused. They don't understand the concept at first. I will teach you step by step.
There are 2 basical steps to deposit your money in btc-e.
Step 1 : Depositing Via BTC-E Website
To deposit money you have to go to this link : https://btc-e.com/profile#funds
You would see a page some thing like this below :
You can deposit in which you want. Some guys who have bitcoins in other wallets and wanted to bring that to btc-e.com can click Make a deposit next to Bitcoins and at the bottom you would see an Bitcoin address for the amount to be deposited.
For security Reasons, I have not shown the Full Address of my wallet.
Your bitcoins will be deposited within 30 minutes - 4 hours maximum. For some guys it had taken even 2 days. Please copy and paste the correct Address as Bitcoins are irreversible.
Then once it is credited you would be notified in the btc-e website. Not in email. You could see that notification only after you had logged in to your account.
You can use that bitcoin amount to trade inside btc-e.com main trading page.
https://btc-e.com/exchange/btc_usd
The same way you can Deposit USD. You can Deposit USD via OKPAY, PERFECT MONEY and BITINSTANT.
In the above picture you could see lots of boxes. The one which is highlighted in blue is the one you are currently going to bid for (BTC/USD).
Step 2 : Depositing via Exchange website.
The Exchange website we going to look here is Aurumxchange.
Go to this Link : https://www.aurumxchange.com/exchange
With Aurumxchange, you can deposit USD via Liberty Reserve. They are instant. The minimum amount of transaction is $10 LR.
Please follow the same steps that I had done here and click Continue. Then in the next page you will be linked to your LR account once you had paid the LR funds, then you will receive a BTC-E code to your email as I had mentioned send the code to the email only. You can also send the code directly to your account by filling your account name but I don't suggest that cause there can be some errors filling it out.
If you login to your email, you would have received a code from Aurum exchange. The code will be something like this :
BTCE-USD-XWX6Z6RP-UMEAR5M1-44FCQRRR-FVLTI7SB-P7WXXXXX
Copy that code you just received and go to this link :
https://btc-e.com/profile#funds
Click REDEEM on the BTC - E Code.
Enter the BTC-e code that you got from Aurum Exchange and click REDEEM. The funds you had transferred from Liberty Reserve will be instantly credited in your USD Balance :)
There is a disadvantage in this Aurumxchange. You might often get this error :
So in such situations, you have to wait for sometime even the whole day to see whether they Accept LR right now or not. So I suggest if you get this error, then please convert your LR into OKPAY and deposit immediately.
How to Trade :
Usually the usd amount that you have in your account is stored and displayed at the top right side of your btc-e.com home page. Only with that amount you can buy Bitcoins.
In the above picture there is a box displayed as Buy BTC. That is the place where you gonna buy your BTC's. It shows your USD balance and also it shows the Lowest ask price (Bidding price).
Please don't directly go and buy with your precious $$$ that you have earned hard. First analyze what is going on with the site. Look at the graph. It has some ups and downs.
The greeny bars are the ups, where the price of BTC's increased and the reds are downs, where the price of BTC's has got lower. Based on this Zig - Zag Ratio the Lowest ask price would be set.
Amount of BTC states How much you wanna buy
Price per BTC states The price you wanna buy the BTC for. [You have to enter the correct Lowest Ask Price that is displayed above. Not even a single cent should be missed].
Once you had entered the details, you have to click CALCULATE. Within 2 seconds you would see how much btc-e.com is gonna take a fee from you if you buy that amount. If everything is okay, you have to click BUY. Then that BTC would be added to your BITCOINS EARNINGS at the top right.
You have to act very quick. The Lowest ask price changes every second. It might increase or it might decrease. If your BTC earnings is not updated, then please scroll down the page and it will be displayed in Your Current Active Orders.
In that image it hasn't been displayed cause I have no current Active Orders at the moment.
Let us say you buy 1 BTC for $98.00. Before you buy that, the Lowest Ask price changes to 98.08$ at the time when you click buy. Then you will see your bid in this Current Active Orders block. At this time, they would have taken out your USD balance for the amount you had bought this BTC for. Your BITCOIN will be updated once the bidding price comes back to 98$. It acts automatically.
If you want to change your bid, you can just click CANCEL button so that your USD will be available in original balance again. But please note that btc-e.com will take 0.2% eventhough you had cancelled your order.
Please note that you can cancel the orders only what is displayed there. You can't cancel an order when you had already bought BTC for.
The same thing acts with Selling your BITCOINS. Once you had sold the bitcoins, it will be deducted from your BTC earnings and it will be updated in USD Earnings.
How to Withdraw from BTC-E :
There are various ways to withdraw your USD funds from BTC-e.com.
The Withdraw process takes around 24 - 36 hours to complete. Sometimes even more. So the best idea to take out your balance is Aurumxchange again. Don't worry, the site will give you error only when you send them LR. But they have loads of LR that should be sent out. Another best part is they don't take any fee while sending LR from BTC-E code.
So you have to withdraw your usd funds to btc-e code and then copy the code and paste it in aurumxchange and you will get your LR money instantly. :)
Hope you had a fun time reading this basic tutorial. I will try to post how to trade on btc-e for safer profits.
Happy trading!
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