TRUMP(特朗普币)芝麻开门交易所

What is the safest way to buy Bitcoin with domestic cash

Date:2024-05-16 20:49:05 Channel:Build Read:

In today's digital age, Bitcoin is becoming increasingly popular as a virtual currency. For those who want to buy Bitcoin with cash, security is undoubtedly the primary consideration. This article will take an in-depth look at the safest ways to buy Bitcoin with cash in the country, providing you with comprehensive guidance and advice.

1. Understand the basics of Bitcoin purchasing

Before discussing how to buy Bitcoin safely, you first need to understand the basic concepts of Bitcoin and how to buy it. Bitcoin is a digital currency based on blockchain technology that can be purchased through exchanges, P2P transactions, and ATMs. When choosing a purchasing method, consider factors such as transaction fees, security, and convenience.

2. Choose a reputable trading platform

To buy Bitcoin with cash, it is crucial to choose a reputable, safe and reliable exchange. In China, some well-known exchanges such as Huobi and Binance provide convenient cash purchase services. When choosing a trading platform, pay attention to the platform's real-name authentication system, fund security measures, user reviews and other information to ensure you choose a safe trading platform.

3. Find reliable cash transaction channels

In addition to trading platforms, cash purchases can also be made through channels such as P2P trading platforms or Bitcoin ATMs. P2P trading platforms allow buyers and sellers to conduct transactions directly, while Bitcoin ATMs provide convenient cash purchase channels. When choosing a cash transaction channel, pay attention to choosing a platform with good reputation and large transaction volume to avoid financial losses.

4. Pay attention to the security of personal information and transactions

When purchasing Bitcoin with cash, pay attention to protecting personal information and transaction security. It is recommended to use a secure network environment for transactions and avoid using public Wi-Fi networks; at the same time, do not easily disclose personal identity information and transaction passwords to prevent information leakage and fund theft.

5. Choose trading partners carefully

When conducting cash transactions, choose your transaction partners carefully to avoid transactions with criminals. It is recommended to choose a trading partner with a good reputation and high credibility. You can understand the reputation of the other party through the evaluation system and user feedback of the trading platform to ensure safe and reliable transactions.

6. Back up and secure your Bitcoin wallet regularly

After purchasing Bitcoin, you must promptly back up and keep the private key and mnemonic phrase of your Bitcoin wallet. The private key is an important credential for accessing Bitcoin, and the mnemonic phrase can be used to restore the wallet. It is recommended to keep the private key and mnemonic phrase in a safe place to avoid loss or leakage to ensure the security of Bitcoin.

7. Comply with relevant laws and regulations

Finally, when purchasing Bitcoin, you must abide by relevant laws and regulations and do not participate in illegal transactions and money laundering activities. In China, transactions of virtual currencies such as Bitcoin are subject to supervision, and attention must be paid to complying with regulatory provisions to ensure that transactions are legal and compliant.

With the above methods and suggestions, you can be safer and more secure when buying Bitcoin with cash in the country. Remember to choose trading platforms and trading partners carefully, protect personal information and transaction security, and abide by laws and regulations to make your Bitcoin transactions smoother and safer. I hope this article can provide you with a useful reference, and I wish you success in your Bitcoin trading!

The four most famous international exchanges:

Binance INTL
OKX INTL
Gate.io INTL
Huobi INTL
Binance International Line OKX International Line Gate.io International Line Huobi International Line
China Line APP DL China Line APP DL
China Line APP DL
China Line APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.


According to market data, in the past 24 hours as of the publication of this article, the net inflow of funds across the Bitcoin network was US$680 million, of which retail investors had a net inflow of US$1.48 billion. The price of Bitcoin once again exceeded US$60,000. This is a great development for investors. It is very attractive, so more and more investors are buying Bitcoin. However, the most important thing when buying Bitcoin is safety. So, what is the safest way to buy Bitcoin with cash in China? Below, the editor of the currency circle will tell you in detail how to buy Bitcoin with cash in China in the safest way?

 What is the safest way to buy Bitcoin with cash in China?

1. Select a trading platform.

The current trading platform needs to strengthen supervision and must have a real-name system. When choosing, it's usually better to go with a larger, more influential platform. On the one hand it is safe and reliable, on the other hand there are more currencies, active transactions and good liquidity. After choosing a platform, the first step is to register. Generally, it is necessary to register by phone or by email. After registration, real-name registration is required. ID card and corresponding bank card are used for real-name identification.

This is just a general real-name system. Without a real name system, most platforms are limited to being unable to trade. The general real-name system also has restrictions on amounts, etc. Daily withdrawals or withdrawals are subject to limits. If you want to increase the amount and other permissions, you need advanced certification. Advanced authentication usually requires video authentication, handheld ID card, etc. After the advanced authentication is completed, the permissions will be much better.

At this point, you can exchange fiat and virtual currencies with other traders using the legal currency exchange in the platform. Currently, the domestic platform does not provide direct recharge of fiat currency, but provides the goal of recharging the mutual exchange of fiat currency Bitcoin between different traders. This is the c2c aspect of the transaction, and the platform is just a channel that provides guarantees and exchanges. Through the c2c aspect of trading, personal accounts can convert legal currencies into different virtual currencies, but there are not many types of virtual currencies that can be exchanged here, which are usually common mainstream currencies such as Bitcoin. Using these currencies, you can buy and sell multiple currencies through the platform’s currency trading. This type of transaction is the trading method chosen by most players.

2. Completely private transaction

First, both parties to the transaction contact each other, and then the seller in the dealer directly transfers virtual currencies such as Bitcoin to the buyer's wallet in the dealer through a wallet such as Bitcoin, and the buyer needs money or other equivalents for the transaction value. Virtual currency will be provided to the seller. The trader can communicate the price at the time of transaction to himself, eliminating the hassle of registering for the platform. Compared with these two methods, the trading platform requires registration, and the real-name system is more suitable for users who are not afraid of trouble and are unwilling to trade with real names. The fees required for platform exchange are actually very high. These are the factors that make some people choose to trade privately. However, there are also many disadvantages to private transactions. One is transaction uncertainty. If both parties to the transaction do not comply, there is a risk that one party will pay and the other will pay. Even if you trade face-to-face, there could be something like outright theft or threats to divert the Bitcoins into your own hands. Another reason is that there is not much liquidity and it is always impossible to find anything that can be traded at any time. However, private transactions sometimes occur in large hands, and tens of millions are likely to be traded directly. Transactions at this time may be based on long-term cooperation and trust.

 Tutorial on buying Bitcoin with cash in the country:

Today, the editor of the currency circle will use an example to introduce to investors how to buy Bitcoin with cash in China. See the detailed tutorial below:

<

1\. Open the official website of OKX Exchange, click the [ ] button on the upper right side of the page to enter the registration page, and enter your email address on the homepage.

2\. Slide the slider to the right, complete the puzzle for verification, and then enter the verification code received by email. The verification code is valid for 10 minutes.

3. Then enter your mobile phone number and click "Verify Now"

4. Enter the six-digit verification code received on your mobile phone, which is also valid for 10 minutes.

5. Select your country/region of residence and check the Terms of Service, "Risk and Compliance Disclosure" and Privacy Policy and Statement

6. Create a password that must be 8-32 characters in length, 1 lowercase letter, 1 uppercase letter, 1 number, and 1 symbol, such as:! @  $ % and other conditions

7. Verify your identity (KYC verification) before you can conduct transactions, enter the identity authentication page, and follow the page prompts to complete LV.1 basic authentication, LV.2 advanced authentication and LV.3 video authentication.

Precautions:

(1) The higher the certification level, the easier it is to match better merchants and more favorable prices when conducting legal currency transactions.

(2) The official website cannot perform LV.3 video certification. Please download the Ouyi APP to complete the certification.

8. Log in to your OKX account, click [Buy Coins]--[C2C Buy Coins] on the homepage to enter the optional currency purchase page.

9. Select C2C transaction, you can see the real-time unit price of USDT, select the appropriate experienced merchant, click "Buy USDT" to make payment, click [I have transferred, next step], and wait for the seller to release the currency.

10. After obtaining USDT, click [Transaction]--[Basic Transaction] to enter the transaction page.

11. Click on the [BTC/USDT] trading pair on the page to see the real-time price of BTC.

12. Fill in the purchase quantity, and note that the minimum purchase quantity is 0.00001 BTC.

The above is the safest related content on how to buy Bitcoin with cash in China. For investors, the most important thing to pay attention to is security issues. Therefore, investors must pay attention to using different passwords when registering at different exchanges. Hackers They are coveting your password all the time, so be careful and take precautions. It is best to set a complex password with high security factor. If you are afraid of forgetting it, it is best to make more backups to prevent loss. After all, the security issue of Bitcoin is the most important for all investors. It should be noted that if the private key is lost, the Bitcoins inside will not be recovered, and you will be in tears by then, so you must protect your private key as much as you protect your own life.

I'll answer.

2512

Ask

965K+

reading

0

Answer

3H+

Upvote

2H+

Downvote