Bitcoin has officially surpassed the $100,000 mark! Over the past decade, its value has skyrocketed by tens of millions of times, which is the magic of blockchain technology.
You may have heard stories of people around you profiting from buying Bitcoin or Dogecoin and are eager to try it yourself, but don’t know how to start? For example, is it allowed to purchase domestically? Can you use Alipay or WeChat? Is the renminbi feasible? What is the specific operational process? What procedures are needed? Do you need to install a wallet? How much is appropriate for a first purchase? Can you make a profit after buying? How do you withdraw profits?...
No need to worry! This article will provide clear answers to these questions, ensuring that even an eighty-year-old grandmother can easily grasp it.
Table of Contents#
- How to buy Bitcoin in three steps?
- Can you make money by buying Bitcoin? What are the expected returns?
- How to choose an exchange?
- How to buy Bitcoin or Dogecoin with renminbi?
- Is now a good time to buy Bitcoin? What is the best time to buy?
- What to do if the price of Bitcoin is too high?
- Didn't China ban digital currency trading? How can you still buy?
- Is it safe to buy Bitcoin? Will it run away? How to store it?
- If you make money in the crypto circle, is it troublesome to withdraw?
How to buy Bitcoin in three steps?#
A three-step guide for novice investors to buy Bitcoin:
Choose a suitable Bitcoin exchange#
First, let's discuss exchanges. For domestic users, due to recent policy adjustments, among the currently recognized and reliable large exchanges, OKX is in a leading position. We have no other choice but to register for an OKX account with peace of mind. For mainland users, OKX is the first choice, followed by Binance or the recently popular Bitget. Compared to other platforms, these three exchanges are the largest, accept national supervision, and ensure security. Among them, OKX and Bitget can be accessed directly in the country, while Binance requires the use of a VPN (commonly known as a ladder) to access.
Additionally, it’s worth noting that many people may not understand that operating a cryptocurrency exchange is illegal in the country, but the state has never prohibited individuals from investing in cryptocurrencies. Domestic exchanges like OKX submit their backend data to national supervision, which is why you need to submit your ID for real-name verification when registering and face recognition when withdrawing or transferring coins, aimed at preventing illegal activities.
On December 7, 2024, People's Court Daily: Mining condenses social abstract labor, virtual currencies have use value and exchange value. Furthermore, many may not be aware that holding cryptocurrencies as an individual has never been classified as illegal.
Many people also do not know that exchanges like OKX, Binance, and Bitget can be directly linked to bank cards, WeChat, or Alipay for convenient Bitcoin purchases. Moreover, you do not need to buy 1 Bitcoin at once (which may be unaffordable); you can purchase small amounts like 1 yuan or 10 yuan.
When it comes to trading, the sooner you get involved, the better; otherwise, it’s better not to touch it at all. Everyone inevitably incurs losses in the early stages, and you need to accumulate experience with funds. The earlier you get in, the lower the cost of trial and error, which will not lead to bankruptcy or family crises. Otherwise, it is advised to stay away for life; this is not an exaggeration.
Registration and Real-name Verification#
As mentioned earlier, the exchanges recommended are OKX, Binance, Bitget, and Gate, in that order: OKX > Binance > Bitget > Gate > Huobi.
Huobi performed well during Li Lin's tenure, but declined after Sun Yuchen took over, with insufficient trading depth, hence it ranks fourth.
Investing in cryptocurrencies carries high risks. According to national regulatory requirements, you need to register using a mobile number or email from mainland China, or through a VPN and real-name verification with a Chinese ID. The platform can complete the review on the same day. The registration link supports Chinese mobile numbers or foreign emails like 163, QQ, Gmail, etc. Registering now can enjoy a lifelong 20% fee discount and a $600 newcomer gift package. Taking OKX as an example:
OKX#
New users registering on OKX this month can receive a blind box or Dogecoin gift package. You can register directly in the country: Click here–> Go to the official website to register an OKX account, some regions may require a VPN or Alternative link
Binance#
Binance has long offered fee discounts and newcomer gift packages, but domestic users need a VPN to register: Click here--> Go to the official website to register a Binance account. (Requires VPN in the country)
Bitget#
Bitget has rapidly risen in the past two years and has entered the first-tier exchanges: Click here--> Go to the official website to register a Bitget account (Requires VPN in the country)
Gate#
gate.io, also known as Sesame Open Door, was formerly known as Bter: Click here--> Go to the official website to register a Gate account (Requires VPN in the country)
By the way, if you need a VPN, please click the upper right corner——Friend Links——Airport VPS Recommendations.
Buying Bitcoin with Renminbi#
After waiting for the OKX account registration to complete, download and install the app. If the installation process prompts a security risk, there is no need to worry; this is a false positive from the system regarding virtual currencies; we downloaded it from the official website, so there is no actual risk, just ignore it.
Apple users need to log in to the App Store with an overseas Apple ID to download the app. There are detailed tutorials on how to apply for an overseas Apple ID on Zhihu, so I won’t elaborate here.
Patiently install the OKX App. Then follow these steps:
Click on the app homepage——I want to buy coins (C2C buy coins)——Quick Trade——Select USDT——Enter the amount of USDT you want to purchase——Payment method select Alipay, WeChat, or bank card.
Completing the above steps will achieve the conversion of renminbi to USDT. USDT is a necessary medium for investing in Bitcoin, and this step of converting renminbi to USDT is indispensable.
For example, if I buy 1000 USDT, it is approximately 7000 renminbi.
Can you make money by buying Bitcoin? What are the expected returns?#
Holding Bitcoin is often based on the logic of "inflation," as its total supply is limited, and it is expected to rise in the long term. Historically, Bitcoin has shown significant volatility, so choosing the right time to buy requires caution. A drop of 50%-80% from the peak is normal, and buying at a low point may yield returns from volatility.
Is now a good time to buy Bitcoin? What is the best time to buy?#
It is recommended to start buying when the price has dropped by 50% from the peak, and to fully invest when it drops by 80%. Timing should be based on your capital and risk tolerance, with different strategies for different capital amounts. Those with less capital can choose to enter the market at opportune times, while those with more capital can build positions in batches. When the price is at $20,000, you can gradually purchase, or refer to a dollar-cost averaging strategy.
OKX Activities This Month#
New users registering on OKX this month can receive a blind box or Dogecoin gift package. You can register directly in the country: Click here–> Go to the official website to register an OKX account, some regions may require a VPN or Alternative link
What to do if the price of Bitcoin is too high?#
Bitcoin can be divided, and you can purchase 0.01 or even less. Don’t worry about not being able to afford it; the key is how much you are willing to invest.
Didn't China ban digital currency trading? How can you still buy?#
The state prohibits the operation of digital currency exchanges, not the trading of digital currencies themselves. Currently, domestic exchanges like OKX and Binance have completed the migration of overseas services and continue to serve Chinese users. For us, it has only raised the threshold, such as using a VPN or addresses that do not require bypassing blocks. The state has never prohibited individuals from investing in cryptocurrencies, and purchasing Bitcoin as an individual is completely legal. But remember, do not borrow money or take loans to trade cryptocurrencies, as the risks are extremely high.
Is it safe to buy Bitcoin? Will it run away? How to withdraw profits?#
Bitcoin exchanges are stable and reliable, suitable for long-term storage. For novices, storing in exchanges is safer and easier to operate.
If you make money in the crypto circle, is it troublesome to withdraw?#
Why do some people always say that withdrawing from exchanges is difficult? I wonder if these people have actually operated before.
I have been trading on exchanges since 2014, and I withdraw almost every month. In the early stages, I also deposited funds, all directly linked to my domestic Bank of Communications card, with amounts in the tens of thousands each time, completed within 10 minutes, and I have never encountered any issues. I don’t know why you all have frequent problems.
Of course, some have received suspected dirty money (a few thousand yuan) when withdrawing, leading to the bank freezing online transfers. You just need to verify at the counter, show the transaction history on the OKX app, and after a simple explanation from the staff, it will be unfrozen, far from the terrifying rumors. I suspect these statements are meant to scare new investors.
Finally, trading carries risks. If you enter the market recklessly without experience, my only advice is: start with small amounts to test and accumulate experience. After going through a few rounds of losses, develop a stable profit style before increasing your investment. I haven’t deposited funds in the past three years; treating trading seriously makes it easy to earn daily expenses.
No amount of theory is better than a practical experience. Only by purchasing personally can you truly understand. This article helps you confidently take the first step and embark on your investment journey in the crypto world. Wishing you endless profits! 📈💰
🔥 Solving the issue of accessing OKX exchange in China#
Many exchanges' original domain names may be listed on restriction lists, or due to servers being located overseas, access speeds may be affected. For ordinary users, this situation often leaves them feeling at a loss, even doubting whether the exchange itself has issues. In fact, this is more about the network environment rather than a service interruption from the platform itself. To cope with this situation, exchanges like OKX and Binance usually update their backup domain names regularly to ensure users can continue to access the official website through alternative addresses.
-
- OKX backup domain Overseas OKX- requires VPN or Alternative link
-
- Binance backup domain Binance
-
- Bitget backup domain Bitget
-
- Bybit backup domain Bybit/Bybitglobal
-
- Huobi backup domain Huobi/HTX
-
- Gate backup domain Gate.io
🔥 Further Reading#
🔥 Useful tools for finding gold dogs#
1️⃣ Axiom Dog-Charging Tool https://axiom.trade
2️⃣ Gmgn Dog-Charging Tool https://gmgn.ai
3️⃣ dbot Dog-Charging Tool https://app.debot.ai
4️⃣ Morelogin Multi-Account Fingerprint Browser www.morelogin.com
Everyone is searching for#
Buying Bitcoin, Bitcoin, President Coin, Tony Quotes, Crypto Circle Master Tony, Trump Coin, Buying Bitcoin domestically, Trading exchanges, OKX download registration, Domestic OKX recharge, Binance App registration, Binance App download, Binance platform buying tutorial, Binance registration, Binance airdrop registration, Binance Apple download, How to buy President Coin, How to buy Dogecoin, Renminbi to buy Bitcoin, How to download OKX, Web3 airdrop, Web3 zero airdrop, Bitget mainland download registration, OKX passport registration, OKX download, Binance download, Crypto trading side business, OKX contracts, How to recharge Renminbi on OKX, How to recharge OKX, How to create an NFT wallet, How to recharge Renminbi on Huobi, Beginner's tutorial in the crypto circle, btc8848.com, Tony's trading principles, Contract leverage bit wave, Defi mining, Crypto circle airdrop, Can airdrop still be played in the crypto circle, What to do if a contract is liquidated, How to buy President Coin on OKX and Binance, How to buy Ethereum on OKX and Binance, How to play Defi staking mining, Can NFTs still be played, How to play Web3 airdrop, How to inscribe, How to inscribe runes, Crypto circle beginner's guide, How to trade cryptocurrencies, Can you make money trading cryptocurrencies, Crypto circle beginner's tutorial btc8848.com, Can you make money trading cryptocurrencies, What is contract leverage, Defi mining, How to play in the crypto circle, OKX airdrop, Node staking, Liquidation, Financial freedom, Night investment heiyetouzi.xyz