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How do beginners buy Bitcoin A beginners guide to buying Bitco

Date:2024-08-12 18:28:51 Channel:Exchange Read:


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.


On July 26, the price of Bitcoin rose and broke through $10,000 again, with a 24-hour increase of more than 5%. As of press time, the price of Bitcoin has fallen back to around $9,900. It can be seen that Bitcoin is still the most popular currency among investors, which has also attracted many newcomers to invest in the currency circle. However, some newcomers in the currency circle do not buy Bitcoin. So, how do newcomers buy Bitcoin? The following currency circle has compiled a beginner's guide to buying Bitcoin for investors' reference.

 Getting Started with Buying Bitcoin

1. Log in, you can go directly to the official website, and select [Register with mobile phone number or email]--[Taiwan]--[Email] (recommended QQ, NetEase 163, Sohu email) according to the prompts below. Fill in the email and password, and click [Register]

2. After registration, you need to authenticate your identity. You can authenticate your identity 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 the limit, please complete the identity authentication of each level in turn.

3. After completing identity verification, click [One-click to buy coins] on the homepage to enter the trading page

4. Then select [Self-selected area], select the appropriate merchant according to your needs, 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. Click the market to enter the currency page and search for Bitcoin, which is abbreviated as BTC in English.

6. Click the BTC/USDT trading pair to enter the purchase page.

7. Fill in the purchase quantity and click Buy. If you want to sell, fill in the selling quantity and click Sell.

 Misunderstandings and skills that need to be paid attention to in virtual currency:

1. Short-term

Short-term generally refers to short-term operations, buying low and selling high to make a profit, which has the characteristics of speculation. As long as you combine technical indicators and refer to the basic news, you can get started, but it is easy to chase the rise and fall, and if you are not careful, it is easy to fall into the trap of the dealer and become a shareholder.

Short-term is suitable for people who have enough time to watch the market, can accept the fluctuations of sharp rises and falls, and have sufficient funds.

2. Medium and long term

To invest in the medium and long term does not mean simply buying and then ignoring it, but to track the company's growth through concentration and diligence, and then obtain excess returns, and have a deep analysis of the fundamentals. In the market trend, you need to have a strong enough psychological endurance and have a certain view of the future trend. Once the view and the trend are inconsistent, huge losses will occur.

The medium and long term is more suitable for those who do not have much time to watch the market, like to study and analyze, have sufficient confidence in the future development of the currency, and are willing to understand the technology and development prospects behind it.

3. Fixed investment

Fixed investment is a long-term method of seeking average returns, which is less affected by bull and bear markets. I believe that if you have been exposed to fund fixed investment, it should not be difficult to understand digital currency fixed investment, and the return on digital currency is higher than that on funds. As long as you invest regularly and in fixed amounts, select several currencies as investment portfolios, and set stop-profit and stop-loss, the return will definitely be considerable.

Suitable for people: salaried workers, those who are interested in digital currency but do not have time to analyze, and those who have fixed spare funds every month.

Through the above introduction, I believe everyone has some understanding of the beginner's tutorial for buying Bitcoin. The editor of the currency circle reminds investors that when choosing a trading platform, they should choose an exchange like Binance that is well-known, has a good reputation, has a mature risk control mechanism, and a complete service system. Of course, if investors have the ability to bear high risks and are determined to pursue high returns, they can consider those air coins and copycat coins that are not mature enough at present, are full of possibilities in the future, but may suddenly become worthless overnight. However, based on current observations, these projects are extremely risky, and their main purpose is to make money, so you need to be cautious when participating.

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