Bokka is a cryptocurrency exchange platform. It is a place where you can exchange your cryptocurrency from one to another, and speculate on both long and short term price movements between different cryptocurrencies.
Currently Bokka supports 6 popular coins: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Bitcoin Cash (BCH) and Bitcoin Gold (BTG).
As well as 13 popular tokens: Basic Attention Token (BAT), Bread (BRD), Civic (CVC), EOS (EOS), FunFair (FUN), Golem (GNT), Kyber Network (KNC), Numerai (NMR), OmiseGO (OMG), TenX (PAY), Quantum Resistant Ledger (QRL), Augur (REP) and 0x (ZRX).
To start trading with Bokka, you need to initially have or acquire crypto assets such as above-mentioned. Since Bokka does not accept fiat currencies, you cannot make a deposit with ordinary money such as U.S. Dollars, Euros, British Pounds and so on.
1. Purchase Cryptocurrency
So, the first step is to obtain cryptocurrency if you do not already have it.
There are two main ways to buy Bitcoin and other top cryptocurrencies:
- Via a cryptocurrency exchange supporting deposits with fiat money.
- Via online marketplace of individual sellers.
If you are a beginner, you can choose from one of the exchanges that accepts fiat money. You will need to create and verify your account, fill in payment details and finally make a purchase, exchanges that accept fiat have very strict KYC policies and are slow to verify accounts, this is a well known problem. Usually, you can buy cryptocurrency with a card or via a bank transfer. Though, some of the crypto-exchanges have recently removed the option of buying cryptocurrency with a credit card. The cryptocurrency you have bought on the exchange, is now stored in your wallet on this exchange.
Another way to become a cryptocurrency holder is to purchase it directly from other people. You make a deal with a private seller which you choose from the list depending on your location, amount of purchase and payment method. But caution should be taken using this method because you are transacting with an individual and not a business.
To provide a comparison of the two options, If cryptocurrency exchange can be considered as a “bank” where you see one price, then online marketplace is like a “farmers market”, where you see a lot of sellers with their individual exchange rates. You find the best seller and make an agreement with him. When the seller asks your Bitcoin or other crypto’s address, it means you should tell the address of your wallet where the cryptocurrency will be sent to, the Bokka wallet address.
2. Open an Account with Bokka
Opening an account with Bokka is fast and easy. Just install and open the app, create an account by entering your email and password, and you are in.
In a minute you can generate the wallets for each cryptocurrency supported by Bokka and transfer your crypto assets to them.
Why to switch to Bokka? Because Bokka, comparing to other exchanges, has the below benefits:
- Easy account verification. Enter your personal information and attach documents that prove your identification and residence. Everything can be done with your mobile device in a minute. Your account will be verified shortly after.
- No minimum deposit and no deposit fees. You can deposit as little as you want starting from 1 satoshi.
- Easy-to-use trading app. Open an app and you see easy-to-use and quick-to-understand intuitive trading platform with beautiful interface that allows to trade popular cryptocurrencies and tokens around the clock 7 days a week, on-the-go.
- Powerful solution for trading. Bokka trading platform was created by professional team with solid financial and trading background to provide industry leading technology and outstanding customer experience. It has competitive spreads and liquid order books as well as advanced order types and 60+ technical analysis indicators.
- Live chat support. Customer service is a foundation of your confidence. You can chat with support agent in real-time right in the app. Instant availability of support service makes Bokka the best choice for cryptocurrency trading.
- Educational resources from experts. It is very important for beginners to fully understand all the aspects of cryptocurrency trading to make correct decisions. This is why Bokka provides many educational resources for its customers.
- Strong and reliable security. Bokka pays the most serious attention to security measures, so your crypto assets are fully protected from hacking and unauthorized withdrawals.
- Fast and secure withdrawals. Just enter the amount you want to withdraw and address of destination wallet (for Ripple you might be obliged to specify destination tag also), then confirm the withdrawal with confirmation code sent to you via email.
3. Transfer Coins to Start Trading with Bokka
In order to transfer your coins to Bokka, you have to create the wallets in Bokka app for each cryptocurrency you plan to trade. The process of creating wallet means the generation of wallet address, and it can be done very easy in one click in Bokka mobile app.
If you have purchased the Bitcoins or other coins via online marketplace, you can tell the seller your wallet address generated in Bokka app to receive your cryptocurrency straight in Bokka.
If you bought cryptocurrency on another exchange and currently hold its wallet, you should make a transfer of your Bitcoins or other cryptocurrency from your current wallet to the wallet generated in Bokka app.
To find and copy address of your wallet, simply scan QR code of the wallet in the app, and put it as Receiving Address in your outcoming wallet, or send this address to the seller at online marketplace.
Time of transferring coins depends on each cryptocurrency. For example, for Bitcoin it may take up to 1 hour if network is overloaded. For Ethereum it takes usually less than 5-10 minutes. For Ripple, which declares itself as the fastest transaction network, your transfer will be done in seconds.
After your transfer receives network confirmations, balance of your wallet in Bokka will be updated and you will see new balance of your account.
Now you can start trading with Bokka!