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How do ordinary people buy and sell Bitcoin in China

Date:2024-05-16 20:34:38 Channel:Exchange Read:

In today's turbulent era of digital currencies, Bitcoin, as one of the most representative cryptocurrencies, has attracted much attention. How do ordinary people buy and sell Bitcoin in China? This is not only a financial investment, but also an adventure to explore the unknown world. Let us unveil the mysterious digital world together and explore the fun and challenges on the road to Bitcoin.

Buying and selling Bitcoin in China is not difficult, the key lies in choosing the right trading platform. As regulatory policies continue to upgrade, compliant trading platforms are becoming more popular. For example, platforms such as Huobi and Binance provide users with a safe and convenient trading experience while strictly complying with regulatory requirements. In addition, there are some P2P trading platforms, such as LocalBitcoins, which provide face-to-face transactions, increasing the convenience and security of transactions.

While choosing a trading platform, ordinary people also need to understand how Bitcoin is stored and traded. Bitcoin wallet is an essential tool and it is divided into two types: hot wallet and cold wallet. Hot wallets are convenient but relatively low in security and are suitable for storing small amounts of Bitcoin; while cold wallets pay more attention to security and are suitable for storing large amounts of Bitcoin. In addition, understanding the pending orders and transaction methods of transactions can help ordinary people better grasp market trends and achieve the goal of buying low and selling high.

In addition to trading skills, ordinary people also need to pay attention to Bitcoin's laws, regulations and risks. China has strict regulatory requirements for Bitcoin transactions, including real-name authentication, traceability of fund sources, etc. In addition, the price of Bitcoin itself fluctuates greatly, and market risks cannot be ignored. Therefore, when ordinary people buy and sell Bitcoin, they must be cautious and take risk prevention measures to avoid losses due to greed.

As the Bitcoin market continues to develop, the channels for ordinary people to participate in it are also constantly expanding. In addition to traditional trading platforms, there are also some innovative methods, such as Bitcoin ETFs, futures contracts, etc. These tools provide ordinary people with more opportunities to participate in the Bitcoin market, while also increasing market liquidity and activity.

In general, ordinary people buying and selling Bitcoin in China need to comprehensively consider the market environment, trading platform, storage method, laws and regulations and other factors. Only with adequate preparation and understanding can you navigate this digital world full of challenges and opportunities. The road to Bitcoin may be twists and turns, but it’s the twists and turns that make the journey more interesting and meaningful. Let us overcome obstacles, explore the unknown, and start the Bitcoin journey for ordinary people!

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.


Speaking of Bitcoin, everyone should be familiar with it now. After all, Bitcoin skyrocketed some time ago and directly broke through 60,000 US dollars, creating a new historical high. It can be said that many early investors made a lot of money. Although Bitcoin is now The price has dropped below the $60,000 threshold, but many people in the currency circle are still very optimistic about the future of Bitcoin. Therefore, there are still many investors buying Bitcoin on the market, including some ordinary domestic investors who have just entered the currency circle. Investors, but the biggest problem is that they don’t know how to buy and sell Bitcoin when they first join the industry. Below, the editor of the currency circle will tell you in detail how to buy and sell Bitcoin in China.

 How do ordinary people buy and sell Bitcoin in the country?

There are many domestic platforms for purchasing Bitcoin, such as, exchanges, exchanges, etc. The editor of the currency circle below will take exchanges as an example to tell you how domestic retail investors can buy Bitcoin?

1. Log in. If you don’t have an account, you can create an account. Follow the prompts in the red box in the picture and select [Register with mobile phone number or email]--[Taiwan]--[Mailbox] (QQ, NetEase 163, Sohu Mail are recommended) and fill in your email and password. , click [Register]

2. Identity verification is required to purchase digital currency. You can perform identity verification through [User Center]-[Identity Authentication]. On this page, you can view the current authentication level, which determines the transaction limit of your account on Binance. If you need to increase your limit, please complete each level of identity authentication in sequence.

3. After completing the identity verification, click [One-Click Buy Coins] on the homepage to enter the transaction page

4. Then select [Self-selected], select the appropriate merchant based on the amount, payment method, etc., and click [Buy USDT]. Pay the seller according to the pop-up prompt, click "I have paid" and wait for the seller to release the coins.

5. After obtaining USDT, click [Transaction]--[Spot Trading] to enter the transaction page.

6. Search for the abbreviation of Bitcoin, BTC, in the search box on the right, and be sure to select the BTC/USDT trading pair.

7. Fill in the amount of BTC to buy and click Buy. If it is selling, fill in the amount of BTC to sell and click Sell.

 How much money can be traded in Bitcoin?

The minimum threshold for speculating in digital currencies actually depends on which digital currency investors choose. Take Bitcoin as an example. Bitcoin is measured in Satoshis, and 1 Bitcoin is equal to 100 million Satoshis.

Technically speaking from the current stage, under the Bitcoin data structure, a Bitcoin can be divided into 8 decimal places, so the smallest unit of Bitcoin is 0.00000001 Bitcoin, but it cannot be that small for transactions.

At present, China’s common minimum buying and selling unit is 0.01 Bitcoin.

Nowadays, the virtual currency transaction service fee also requires 0.01 Bitcoin. According to the price of EXX, the transfer fee is also around 120 yuan.

The minimum value of Bitcoin is 0.00001. Even the network cost is not enough to cover the cost. If you just buy it for fun, many outside organizations may have certain restrictions, so it is unlikely that you will be allowed to buy Bitcoin worth tens of yuan. .

Moreover, different platforms have different regulations. It depends on the depth of the trading pair to determine the minimum amount that can be purchased.

After the above graphic tutorial, I believe everyone has understood how to buy and sell Bitcoin in China. The editor of the currency circle would like to remind you that it is natural to obtain investment income from currency speculation, but you should not be too greedy. Sometimes, investors fail because of It is caused by excessive greed. It is not advisable to make profits without pocketing them. It is also undesirable to always want to become fat in one bite. In addition, some investors have lost confidence in the future of digital currency due to the influence of certain environmental factors and gossip. Feeling panicked, they desperately sold a certain currency in their hands.

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