Bitcoin Exchange Flow Chart: A Step-by-Step Guide
The world of cryptocurrency trading is vast and complex, with various digital currencies available for investors to trade in. One of the most popular cryptocurrencies, Bitcoin, has its unique ecosystem that spans from mining to investing, and everything in between. Understanding how Bitcoin exchanges work is crucial for anyone interested in buying, selling, or holding this digital asset. This article will guide you through a detailed flow chart explaining the process of exchanging Bitcoin on an exchange.
Figure 1: Flow Chart for Trading Bitcoin
```
+----------------+ +--------------------+ +------------------+ +-------------------------+
| Create Account || Select Currency|---->| Choose Trading Pair |---->| Begin Trading |
+----------------+ +--------------------+ +------------------+ +-------------------------+
^ ^ |
| | |
| | |
| | +-----------------+ |
| +--------------------+-----< | Add Funds to | |
| | Funds Deposit |