How to trade assets in Bitpie Wallet? All the practical tips you need!

May 16, 2025

In the world of cryptocurrency, trading digital assets has become an important investment method. With the emergence of numerous crypto wallets, Bitpie Wallet has attracted a large number of investors with its user-friendly interface and powerful features. This article will reveal how to efficiently conduct asset trading in Bitpie Wallet and provide a series of practical tips to enhance your trading experience.

Ensure wallet security

Before conducting any transactions, it is crucial to ensure the security of your Bitpie wallet. Here are some specific suggestions to enhance your wallet's security:

How to trade assets in Bitpie Wallet? All the practical tips you need!

Enable two-factor authenticationBy enabling two-factor authentication (2FA), even if your password is stolen, hackers will not be able to easily access your wallet. It is recommended to use an app-based authenticator, such as Google Authenticator, instead of SMS verification.

Regularly update your password.Regularly change your login password and ensure the use of a strong password that includes a combination of letters, numbers, and special characters. Avoid using easily guessed information, such as birthdays or names.

Save the private keyBitpie Wallet provides a private key, which is your only credential for accessing and controlling your assets. Be sure to keep your private key in a safe place and avoid sharing it with others.

By implementing the above measures, you can greatly enhance the security of your Bitpie wallet and ensure the safety of your assets.

Understanding market fundamentals

Before conducting asset transactions, it is crucial to understand market dynamics. Market conditions and trends will directly influence your trading decisions. Here are some practical market analysis tips:

Use chart analysis toolsWith the built-in charting tools in the Bitpie wallet, you can analyze asset price trends. Learning how to identify technical indicators (such as moving averages and the Relative Strength Index) can help you make more informed decisions.

Pay attention to news updatesGlobal policy changes, technological advancements, and market news all impact cryptocurrency prices. In Bitpie Wallet, you can stay updated with the latest information through relevant news sources and analysis forums.

Participate in community discussionsJoin the Bitpie Wallet community to participate in discussions and gain a deeper understanding of market trends. The experiences and perspectives of other users may provide new insights for your trading.

By understanding market trends, you will be able to predict price fluctuations more effectively and optimize your trading timing.

Learn to use limit orders and market orders.

In the Bitpie wallet, you can use limit orders and market orders to conduct different types of trades. The main difference between these two order types lies in the way the price is executed:

Market orderA market order is an order to buy or sell an asset immediately at the current market price. This method is suitable for users who want to execute trades quickly, but the price may fluctuate.

Limit orderA limit order allows you to set the price at which you wish to buy or sell. The trade will only be executed when the market price reaches your specified target. This method is suitable for users who want to control the transaction price.

By flexibly adjusting the combination of these two types of orders according to market conditions, you can achieve better trading results.

Regularly review the investment portfolio

In the Bitpie wallet, you should not only pay attention to the transactions of individual assets, but also regularly review your overall investment portfolio. Here are a few specific review strategies:

Focus on asset allocationEnsure your investment portfolio is diversified to avoid concentrating too much on a single asset. Adjust asset allocation according to market trends; for example, increase holdings of high-risk assets during a bull market, and raise the proportion of stablecoins during a bear market.

Evaluate performanceRegularly review the performance of each asset and assess its rate of return. For underperforming assets, consider redeeming or reducing holdings to optimize portfolio returns.

Develop an adjustment planSet goals and strategies, and adjust your investment portfolio promptly when the goals are achieved or when market conditions change. For example, set a specific rate of return or a stop-loss point to minimize losses.

Regularly reviewing your investment portfolio can help you maintain flexibility and profitability in your investments.

Automated trading using smart contracts

Bitpie Wallet supports smart contract functionality, which allows you to automate transactions. Here’s how you can do it:

Set trading conditionsBy using smart contracts, you can set specific trading conditions, such as automatically buying or selling when the price of Bitcoin reaches a certain level. This can help reduce mistakes caused by emotional fluctuations.

Participate in DeFi projectsThrough the Bitpie wallet, you can also participate in decentralized finance (DeFi) projects and earn returns through methods such as liquidity mining and staking.

Monitor contract executionRegularly monitor the execution of smart contracts to ensure that transactions are carried out according to the set conditions, and adjust strategies in a timely manner.

By utilizing smart contracts, you can automate transactions, save time, and reduce the risk of human intervention.

Frequently Asked Questions in the Investment Process

How to recover Bitpie wallet?

Normally, if you forget your wallet password or are unable to log in, you can use your private key or mnemonic phrase to recover your wallet. Make sure to save this information when setting up your wallet. Visit the official Bitpie website and follow the instructions to enter your private key or mnemonic phrase to restore your wallet.

Which cryptocurrencies are supported by Bitpie Wallet?

Bitpie Wallet supports a variety of mainstream and niche cryptocurrencies. You can view the list of supported coins in the wallet. Update the app regularly to get the latest information on supported coins.

How to transfer assets?

In the Bitpie wallet, you can send assets to other wallet addresses using the "Transfer" option. Simply enter the recipient's address and the amount to be transferred, confirm that the information is correct, and then click "Send" to complete the transfer.

Get detailed information about transaction fees.

Transaction fees are usually determined by network conditions and the type of transaction selected. When making a transaction, Bitpie Wallet will display the current transaction fees, allowing you to choose the transaction method that best suits your needs.

Is it possible to conduct fiat currency transactions within the Bitpie wallet?

Bitpie Wallet supports fiat currency exchange through third-party payment channels in certain regions. You can view the relevant features under the "Buy Crypto" option and conduct fiat transactions according to the operation guide.

Check transaction records

You can view all your transaction records in the "History" or "Transaction Records" section of the Bitpie wallet. The detailed records include information such as time, amount, and transaction status, helping you effectively track your transactions.

By understanding these common questions, you can use the Bitpie Wallet more smoothly for asset transactions. Staying informed about new technologies and market trends, and continuously optimizing your trading strategies with the above tips, will help you achieve greater returns in digital asset investments.