The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
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.

In recent years, digital currency has become a popular investment market at home and abroad, especially from the end of 2020 to the beginning of 2021. During this period, it can be said that due to the skyrocketing rise of Bitcoin and the surge of various animal coins headed by Dogecoin, it attracted A large number of investors have attracted the attention. It can be said that even some novices with no investment experience have set their sights on the digital currency trading market. Therefore, the blockchain digital currency trading market has become the most popular investment market in the world. However, for those who have just entered the currency circle For beginners, they are very cautious before investing, so they will ask the question: Is blockchain digital currency trading legal in China? Next, the editor of the currency circle will give you an in-depth analysis of whether blockchain digital currency trading is legal in China. ?

 Are blockchain digital currency transactions legal in China?

The editor of this currency circle cannot tell you accurately, because digital currencies are protected by law in some countries, but the supervision of digital currencies in most countries is still insufficient, which also makes investing in digital currencies risky. , so investors need to treat it with caution.

Digital currency exists legally in the country, but it is illegal to use virtual currency to engage in illegal activities. Bitcoin is defined as a special Internet commodity in China. At this stage, financial institutions are not allowed to provide Bitcoin-related products or services. Bitcoin cannot and should not be used as currency. The same applies to altcoins such as Litecoin.

 Is blockchain digital currency transaction risky?

1. Personal risk

1. Passwords and private keys are stolen. All digital assets in wallets and exchanges are lost and cannot be retrieved;

2. Personal information is sold back and forth by the underground industry, with no privacy;

Precautions:

1. Increase password strength. Don’t reuse passwords and don’t send them online;

2\. Avoid being phished. When you need to enter important information, always pay attention to whether the URL is the official website of the relevant platform;

2. Market risk

1. The market plummeted. It’s no joke that one day in the currency circle is equivalent to one year in the stock market. The risks of digital currency are extremely high. Since the beginning of last year, the currency circle has been in a bear market, and many investors have suffered losses;

2. The boss cuts leeks. A coin has risen 10 times. If you buy it before it rises, it’s your vision and luck. If you buy it after it rises, it’s leeks and takeovers. There are also many big bosses using low-priced chips and self-media publishing false news to harvest leeks;

Precautions:

1. Try contract trading. Profits can only be made by speculating on currency prices when they rise, and the risk is higher. If you are doing virtual currency contract trading, you can make profits in both ups and downs, and the risk is lower. If you are not sure that you can do a good job in currency speculating, it is safer to do contracts;

2. If you want to avoid being harvested, you must have a good understanding of the relevant market before choosing a project and currency, and do not easily trust others. 99% of today's great masters are also liars, so you must make your own trading decisions;

3. Platform risks

1. Hacker attack. If an exchange is attacked by hackers, users will not be immune. In the past two years, news has emerged one after another about loopholes in the system of a certain exchange, hackers attacking a certain exchange, and the digital currencies stored by users on the platform being stolen. In the end, users can only bear the losses themselves;

2. Platform escape. If you encounter a trading platform with irregular qualifications, there are risks such as the platform running away and restrictions on withdrawals.

Precautions:

1. Choose a formal platform. Problems such as attacks and runaways on trading platforms are almost always caused by irregular qualifications and unstable systems. To avoid these risks from the root cause, the most effective preventive measure is to choose a formal trading platform.

The above is the relevant content about whether blockchain digital currency trading is legal in China. As we all know, many investors are often itchy and uncontrollable when placing orders, but they rush into the market when there is no suitable position. , often leads to the failure of this transaction order, or the position is awkward, and even if you make a profit, you will not gain much. Good market trends often come out, be sure to identify the wave of market trends, enter the market at the right time, and don’t be unable to bear loneliness. , place orders at will, so the editor of the currency circle reminds investors that there are still risks in the blockchain digital currency transaction process, so you need to be cautious when entering the market.