Q: What exactly are Bitcoins?
A: Very simply put, Bitcoins are a cryptocurrency, which is a type of digital currency. Digital currencies, like Bitcoin, do not exist in a physical form, yet can be used in the same ways to conduct online transactions, and to be bought or sold in exchange for a fiat currency. Think about money that you have in your bank account. It’s possible that the money is there even though you have never physically handled the bills. You can withdraw cash and see it in a physical form, but most of it you keep it in your account. When you use a credit or debit card, the bank uses the funds that are in your account that you have not physically handled, and transfers the amount digitally to the vendor or business where you used your card. Bitcoins are very similar. The money is there, even though you cannot touch it physically. You can cash it in, or exchange it for a fiat currency, or you can allow it to remain in its digital form. Bitcoins were first created in 2009, and in the years since then have grown in value on the global market in relation to other currencies, and today are accepted as valid payment by over 100,000 merchants and vendors around the world.
Q: If I have a swisscci account, how can I purchase Bitcoins?
A: Holders of an account with Coins-Xchange simply need to fund their account, either via a wire transfer or credit card. Once your account is funded, you place a bid on the exchange the how many units of Bitcoins you wish you purchase and how much you are willing to pay per unit. When a seller has the number of you units you wish and is willing to accept the price you offer, you buy the Bitcoins using the funds in your account, and the units go into your eWallet.
Q: How can I fund my account in order to buy Bitcoin units?
A: You can fund your account either via a direct wire transfer from your bank, or with your MasterCard or Visa. If you live in the United States, you also have the option to use Automated Clearing House (ACH) for depositing. swisscci places the utmost priority on the security of our clients’ funds, and we use 3D Secure to ensure that security.
Q: What personal information does swisscci demand, and why do you need it?
A: As mentioned above, the security of your funds is of utmost importance to us. Equally important is discretion with which we hold your personal information. By using the state-of-the-art technology that is fully compliant with both KYC (Know-Your-Customer) and AML (Anti-Money Laundering) regulations, we feel that we are able to safeguard your information and your money. By requiring our clients to provide valid identification, such as a current passport or driver’s license, proof of payment method and a recent utility bill with the client’s name and current address, we are better able to ensure that only the client is depositing - and more importantly - withdrawing funds from his account. Think of the process as similar to opening a bank account. Just as you would want to know that your bank is making every effort to keep your funds secure and accessible only to you, the same is true when opening an account with swisscci
Q: Why do I see such a wide variety of Bitcoin prices on exchanges?
A: Usually, the value of Bitcoins is dependant on its speculative value in relation to fiat currencies. On different exchanges, and against different global currencies, From exchange to exchange, depending on both the fiat currency against which Bitcoins are being trading and the confidence traders have in those currencies, the value of Bitcoins can vary. Usually not by very much, but at least some.
Q: What is the best way to trade Bitcoins?
A: There are several methods that work well for trading Bitcoins, depending on how much experience a trader has, and how cautious he wishes to be. Beginning traders do well with long-term positions, which enable them the time to watch how markets are acting and reacting, and to make any necessary adjustments to their portfolios while there is still time. Another option for novice traders is trade CFDs, or Contracts For Difference. A trader purchasing a CFD is not buying Bitcoin units, but only the difference in price between when he buys the CFD and when he sells it back. A CFD can be purchased with less capital than Bitcoins, and the percentage of profit can be higher. More experienced investors may opt to trade more short-term positions, relying on their experience and ability to read market trends and movements to their advantage.
Q: Why should I trade with swisscci rather than any other broker?
A: swisscci has a staff of expert analysts and traders who can help any investor - from a raw beginner to a seasoned veteran - make the most of his portfolio. We provide the guidance and education so that our traders are not only making wise investments all along the way, but they are learning about how they are doing so at the same time.
The swisscci platform is both intuitive and user-friendly, so that even first-time traders can find their way around and understand what they are doing.
Most importantly, swisscci connects traders with one another - veterans are able to share what they know with less experienced traders and help teach them how to read market trends and when is the best time to invest. Video training sessions, blogs and newsletters complete the package in which all traders can bring their proverbial game up a notch throughout their time on our platform.