Rewritten Text#
Recently, the price of Bitcoin has once again set a historical record, climbing to around $110,000.
In the short term, the positive news of Trump's election as President of the United States has boosted the price of cryptocurrencies. The 2024 U.S. election is dubbed the "Cryptocurrency Election," and Trump has been labeled the "Cryptocurrency President." He has expressed his support for the cryptocurrency industry in several public events this year, attended the 2024 Bitcoin Conference, and even proposed the idea of including Bitcoin in the U.S. strategic reserve assets.
Observing Bitcoin's trend over the past year, more and more traditional investors and institutions are gradually changing their attitudes towards Bitcoin, actively investing in cryptocurrencies. The approval of Bitcoin ETFs in the first half of the year is a strong testament to this trend.
In short, if you look towards the value of Bitcoin ten or even twenty years from now and realize you should prepare in advance, your life's fate may be rewritten.
Recently, many friends have inquired about how users in mainland China can invest in Bitcoin. This tutorial will provide a detailed introduction to the entire process of registering on exchanges, identity verification, and purchasing Bitcoin. To invest in Bitcoin, just read this tutorial!
Preliminary Statement#
This tutorial does not cover the principles, fundamentals, or investment value analysis of Bitcoin, nor will it discuss any cryptocurrencies other than Bitcoin, and it will not recommend other coins! Investment carries risks; please proceed with caution. All content below does not constitute investment advice; please make decisions after independent consideration.
1. Exchange Registration#
Registering on OKX Exchange#
As a centralized trading platform, exchanges can be used to purchase Bitcoin. Currently, the most mainstream and widely used exchanges for Chinese users are OKX and Binance, ranked first and third globally, respectively.
The registration and verification processes for both exchanges are very simple, requiring only a mobile phone and an ID card, taking no more than 10 minutes. The OKX interface is user-friendly and suitable for beginners. The specific registration steps are as follows:
Visit OKX-Need VPN or OKX Backup Link
- Fill in the registration information, then redirect to the App Store or Google Play to download the app, as shown in Figure 1.
- Open the OKX app, click on "Register/Login" in the center of the interface, as shown in Figure 2.
- Select "Register Now," as shown in Figure 3.
- Set the country/region to China, and click "Next," as shown in Figure 4.
- Enter your email and fill in the invitation code 71309601, as shown in Figure 5. This will grant a lifetime 20% fee discount, thank you for your support 🙏
- After entering your phone number, click "Verify Now," as shown in Figure 6.
- Set your account password, as shown in Figure 7.
- Create a passphrase to enhance account security, as shown in Figure 8.
- Enter the main interface of the app, click "Go for Verification" to proceed with KYC verification, as shown in Figure 9.
- Select "Verify Now," as shown in Figure 10.
- Confirm that the country of residence is China, the document type is ID card, and click "Next," as shown in Figure 11.
- Prepare your ID card and click "Start Verification," as shown in Figure 12.
- Upload a photo of the front of your ID card, as shown in Figure 13.
Then follow the prompts to complete the KYC process.
Congratulations! Your registration on the first cryptocurrency exchange is successful 🎉 The entire process took less than 10 minutes.
Registering on Binance Exchange#
Next, you can register on Binance, the largest platform globally.
The registration process is as follows:
Visit the official Binance backup domain Binance
- After filling in the information, search for Binance in the App Store or Google Play and download it, as shown in Figure 1. Avoid using the U.S. App Store to prevent downloading the limited U.S. version.
- Open the Binance app, click "Register/Login," as shown in Figure 2.
- Select "Create Binance Account" in the lower left corner, as shown in Figure 3.
- Enter your email or phone number (both domestic and international are acceptable), as shown in Figure 4.
- Fill in the invitation code 855276264, as shown in Figure 5. This supports the tutorial, thank you 🙏
- Completing the above steps means registration is successful. However, KYC identity verification must be completed before purchasing Bitcoin, which can be done with a mainland ID card. Click on "Identity Verification" on the main interface, as shown in Figure 6.
- Select "Start Now," as shown in Figure 7.
- Confirm that the country of residence and document issuing country is China, select ID card as the document type, and click "Continue," as shown in Figure 8.
- Click "Upload Document" or "Take Document Photo," as shown in Figure 9.
- Upload photos of the front and back of your ID card, as shown in Figure 10.
- Complete a simple facial verification, as shown in Figure 11.
- Verify personal information (name and date of birth), as shown in Figure 12.
- KYC enters the review status, which is usually completed quickly, as shown in Figure 13.
- During the review period, be sure to enhance account security: click the Binance logo in the upper left corner to enter the personal interface, select "Account Security," and complete the settings for "Passphrase," "ID Card Verifier," "Email," and "Password," as shown in Figure 14.
2. Purchasing on the Exchange#
After completing KYC, the first step is not to directly purchase Bitcoin, but to first obtain USDT through the exchange.
Before introducing the purchasing process, a brief explanation of USDT is necessary: it is a stablecoin pegged to the U.S. dollar at a 1:1 ratio, equivalent to the universal currency in the cryptocurrency world. To purchase any cryptocurrency, you usually need to hold USDT first.
Why can't you directly buy Bitcoin with RMB or USD? Because cryptocurrencies are considered high-risk speculative products in many countries and are not officially recognized. To meet trading needs, stablecoins like USDT were created. The mainstream stablecoins include USDT and USDC, with Binance and OKX primarily using USDT.
Purchasing USDT on Binance or OKX uses a C2C model, meaning trading with platform merchants, with payment methods including Alipay, WeChat, or bank cards. In terms of security: after the order is generated, USDT is held in escrow by the exchange; if the merchant does not release it after payment, you can resolve it through a platform dispute.
The process for purchasing USDT and Bitcoin on Binance is as follows:
- Open the Binance app, enter "C2C Buy Crypto" in the search bar, and click to enter, as shown in Figure 1.
- The default display is the purchase USDT interface, as shown in Figure 2.
- Click "Amount" and enter the amount in RMB you wish to purchase (e.g., 100 yuan), as shown in Figure 3.
- Click "Payment" to select a method (recommended Alipay), as shown in Figure 4.
- Check "Shield Merchant" (high-reputation merchants), choose sellers with high transaction volumes, and click "Buy," as shown in Figure 5.
- Enter the amount again (e.g., 100 yuan), which will display the corresponding USDT amount (about 14 USDT), and click to place the order, as shown in Figure 6.
- After the order is generated, click to view payment details, as shown in Figure 7.
- Transfer according to the payment method provided by the seller (which may be an account number or QR code) and submit a screenshot in the chat interface, as shown in Figure 8.
- After the merchant confirms, USDT will be credited to your account. Click "Funds" to check your balance, as shown in Figure 9.
- USDT is stored in the "Funds Account," and you need to click "Transfer" to move it to the "Trading Account," as shown in Figure 10.
- Return to the homepage, search for "BTC/USDT" (make sure to select "Spot" rather than "Contract"), as shown in Figure 11.
- View the Bitcoin candlestick chart and click the green "Buy" button in the lower right corner, as shown in Figure 12.
- Entering the buy interface, the available amount will display as your USDT balance, with the default method being "Limit Order," as shown in Figure 13.
- Click "Limit Order" to choose between "Limit Order" or "Market Order," as shown in Figure 14. A limit order requires setting a purchase price (e.g., $59,000), which will execute automatically when the price reaches that point; a market order will buy immediately at the real-time price. Note: Bitcoin supports "fractional" purchases (e.g., 10 USDT).
- Taking the market order as an example, enter the USDT amount (e.g., 10), which will display the amount of Bitcoin you can purchase (e.g., 0.00018 BTC), and click "Buy BTC," as shown in Figure 15.
At this point, you have successfully purchased your first Bitcoin 🎉
The purchasing process on OKX is similar and will not be repeated here.
Appendix: Bitcoin Investment Section
Investing in Bitcoin should maintain a long-term mindset, adopting a DCA (Dollar Cost Averaging) strategy (e.g., investing a fixed amount of 1,000 yuan monthly). However, Bitcoin halving brings cyclical volatility, with long bear markets and short bull markets, requiring arbitrage during bull markets to enhance returns.
Once again, a reminder: aside from purchasing Bitcoin on the spot, it is not recommended for beginners to engage with other digital currencies, financial tools (such as leverage, contracts), or investment methods on exchanges, as the risks are borne by the individual. Exchanges should only be used to buy Bitcoin.
from @Nico Investment Wisdom
Limited Time Benefit - New Users Register to Receive a Guaranteed 20+ U Bitcoin Blind Box 🎁#
🎁 Register on OKX, Binance, Huobi, Bitget, Bybit, Gate, Backpack, and other mainstream exchanges, and bookmark all mainstream exchanges' latest backup domains on one webpage 👉🏻: https://vlink.cc
🔥 Solving Access Issues to OKX, Binance, Huobi, and Other Exchanges in Mainland China#
Many exchanges' original domains may be restricted or slow to access due to overseas servers, which stems from the network environment rather than platform faults. Exchanges regularly update backup domains to ensure access:
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- OKX Backup Domain Overseas OKX-Need VPN or Backup Link
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- Binance Backup Domain Binance
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- Bitget Backup Domain Bitget
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- Bybit Backup Domain Bybit/Bybitglobal
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- Huobi HTX Backup Domain Huobi
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- Gate Backup Domain Gate.io
🔥 Further Reading#
2025 China's Top Ten Virtual Currency Trading Platforms Latest Ranking is Out 🔥【Worth Collecting】
【Real Stories of Getting Rich in the Crypto World】Many people ask me, after years of trading coins, how did I go from 0 to 11 million and then to a debt of 100,000?
🔥 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
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