Market makers and currency traders are different. The following article is talking about currency traders.
Some newbies don’t know about the exchange and cryptocurrency industry.
Many people go to exchanges to buy and sell coins, thinking they are trading with the exchange, but in fact, they are only trading with the coin dealers of the exchange.
This "currency trader" is recruited by the exchange, and anyone can apply to become a currency trader.
It is also very simple to become a cryptocurrency trader. The low-end version only requires 100,000 RMB to become a cryptocurrency trader.
You read it right, it only takes 10W, and the exchange currency trading is low.
Don’t think that cryptocurrency traders are insiders of exchanges and big bosses. In reality, they may just be losers who borrowed money from friends and relatives.
In my opinion, exchange traders are just losers with no customer resources. (Except for veteran traders)
Those with customer resources have long distanced themselves from the exchange's general customers, and those with money have long gone ashore. Who would use their own bank card to take the risk of being accused of "receiving black funds"? Even an experienced person would not want to be a currency trader in an exchange.
Remember the next sentence, those who still want to be cryptocurrency traders in exchanges are either newbies or bad guys who specialize in extracting black money.
I have been working as a cryptocurrency trader in an exchange since 2019 and I know this industry very well.
Next, I will expose the exchange currency trading industry.
Newcomers to cryptocurrency trading usually choose OUYI for three reasons: 1. Low deposit. 2. Large flow. 3. Easy to apply.
It seems that you don’t need a “referrer” to apply now.
To apply to be a currency trader, you need a deposit of 10,000 U. A few tens of thousands of yuan of operating capital is enough to buy and sell U. If you don’t have money, you can become a currency trader in the “quick zone”, where there are small orders of a few thousand yuan.
Then I went to the second-hand market to buy a broken computer, and a currency trader who was considered "awesome" in the eyes of the newbie appeared online.
Applying to be a cryptocurrency trader also requires some knowledge of the cryptocurrency circle, otherwise you will not pass the review of the cryptocurrency trader manager.
After passing the test, the manager will add you to the cryptocurrency trading group and give you some basic cryptocurrency trading knowledge. In Tianji's opinion, this knowledge is useless.
It’s exciting to be a new cryptocurrency trader!
I thought I wouldn't have to work anymore and that I had found a legitimate business opportunity to make money, and that I would soon be able to make a comeback.
Sell U to users every day, and after collecting the money, buy U from users, buying low and selling high.
You are not stupid. You read a lot of articles written by experts online before you became a cryptocurrency trader. You know that cryptocurrency traders need to audit and screen their customers, otherwise they are prone to black money freezing. You set various conditions, and then find that if you raise the price, no one will buy from you, and if you lower the price, you will not make any money. You will wonder how those cryptocurrency traders who set the price below the market price can make a profit?
After you have finally gotten to the front of the queue, an order comes in, but the customer's cash flow does not meet the requirements. You can only ask the other party to cancel the order. If currency traders cancel orders frequently, they will be restricted from posting advertisements.
There are no good people in the exchange, only bad guys.
Do you think you can filter them all out?
Okay, okay, your screening skills are great, but after screening out all the bad guys, there are basically no orders. You will sit in front of the computer until your butt is sore and you get prostatitis, but you won’t make more than a few hundred dollars a day.
Whether you admit it or not, the prosperity of the cryptocurrency world is inseparable from those bad guys!
How do cryptocurrency traders make money?
It all depends on the volume of buying and selling. If you screen out all the bad guys, there will be no volume.
what to do?
You also heard from "old drivers" that the express zone has high profits.
Safety and making money, you chose making money.
You want to be a currency trader in the "fast zone", with small amounts and high profits. I think that when someone steals money, it won't be a few thousand small amounts.
There aren’t so many bad guys. Damn, the dead are hung upside down!
The quick zone does not need to review user transactions and can directly collect and pay money.
But it didn't take long before my VX and ZFbao were subject to risk control. There are two types of risk control: one is the risk control of abnormal account behavior, and the other is the risk control of funds involved in the case being frozen by the judiciary.
There is no other way, you can use your family’s VX and stop paying via Alipay.
In order to avoid the risk of "freezing", you reduced the number of orders and your desires, and went from making a fortune by trading in currencies to supporting your family.
You just want to make a few hundred dollars a day from currency trading.
Over time, not only will you be frozen by the judiciary, but your customers who sell Us will also be frozen.
It is already annoying that your own account is frozen, and now the customer comes to you. It is terrible that the customer complains to the exchange, and you can only evade responsibility and lie that your account is normal, and ask the customer whether he has traded with other currency traders?
If the customer has only done business with you before and keeps coming back to you, there is nothing you can do but to block him.
It’s none of my business if the customer freezes their card!
I was also frozen, who should I turn to? Who will compensate me for my loss?
The currency dealer only made 3 cents, and you still want him to compensate you for your principal? What are you thinking?
Before blocking you, not scolding you is his last kindness.
Exchange traders have no shortage of customers, so there is no need to maintain relationships. Just say goodbye and the next one will be better.
The currency traders with financial reserves are still okay, but the poor currency traders have their operating funds frozen and are basically defeated.
If the currency traders want to lift the judicial freeze, they will also need to return the funds involved in the case. If they don’t handle it well, they may face the risk of being pressured by their uncle.
The survival period of a new cryptocurrency trader is at most half a month.
Except for the newbies, the rest of the currency traders in the exchange are professional black currency traders who use black money.
This is the current situation and truth of exchange currency traders.
