A must-read for beginners: A complete guide on how to easily buy Bitcoin

With the rapid development of digital currencies, Bitcoin, as the leader among them, has attracted more and more investors. For novices, how to smoothly buy Bitcoin is not an easy task. This article will provide you with a detailed Bitcoin purchase guide to help you find your footing in this volatile market.

First of all, understanding the basic concept of Bitcoin is the first step for every newbie. Bitcoin is a decentralized digital currency, which means it does not rely on a central bank or a single institution for management. Bitcoin transaction records are saved through blockchain technology, a distributed ledger technology that ensures the transparency and security of transactions. Since the supply of Bitcoin is limited (a total of 21 million), it makes it scarce, which in turn drives its value up.

Next, before buying Bitcoin, it is crucial for novices to choose the right trading platform. There are many trading platforms on the market, such as Coinbase, Binance, Huobi, etc. When choosing an exchange, novices should consider the following points:

1. Security: Ensure that the trading platform has a good security record and can protect the security of users' assets.

2. User experience: Friendly interface, simple operation, suitable for novices.

3. Transaction fees: The transaction fees of different platforms vary greatly. Choosing a platform with reasonable fees can save a lot of costs.

4. Supported payment methods: Some platforms support multiple payment methods such as credit card, debit card or bank transfer. Choosing a payment method that suits you can increase the convenience of purchase.

Once you have chosen the right trading platform, the next step is to create an account. Usually, this process requires providing an email address, mobile phone number, and identity verification. Identity verification is to comply with anti-money laundering regulations and ensure that each user's identity is authentic and reliable. During this process, you may need to upload an identity document, which is a measure to protect the user's funds.

After the account is created, you need to top up your account. Most trading platforms support multiple top-up methods, including bank transfer, credit card, debit card, etc. Different top-up methods will affect the arrival time and handling fees, so choose the most suitable method according to your needs. When making top-ups, make sure you understand the platform's top-up policy and related fees to avoid unnecessary trouble in subsequent transactions.

Once the deposit is complete, you can start buying Bitcoin. On the trading platform, you can choose to "buy" or "purchase" Bitcoin, enter the quantity and price you want to buy, and after confirming the order, the transaction will be completed automatically. During this process, you can choose a market order (trading at the current market price) or a limit order (trading at a set price). Market orders are suitable for those who are eager to buy, while limit orders are suitable for investors who want to trade at a specific price.

After buying Bitcoin, safe storage is another important step. Many novices tend to ignore this, resulting in asset theft or loss. There are two main ways to store Bitcoin: hot wallets and cold wallets. Hot wallets refer to online wallets, which are convenient and fast, but relatively less secure; cold wallets are offline storage, which is more secure but relatively inconvenient to use. For novices, it is recommended to hold a small amount of Bitcoin on the trading platform and transfer the rest to a cold wallet for long-term storage.

In addition, novices also need to understand the volatility of the Bitcoin market. Bitcoin prices fluctuate greatly and are affected by many factors, including market demand, policies and regulations, and technological development. Therefore, it is very important to arrange investment plans reasonably and avoid blindly chasing ups and downs. You can consider setting stop-loss and take-profit points to help you control risks.

When buying Bitcoin, you should not neglect education and information. Paying attention to market trends and learning about Bitcoin will help you make smarter investment decisions. You can improve your knowledge by reading professional books, taking online courses, and joining investment groups.

Finally, psychological quality is equally important in investment. The Bitcoin market is volatile, which may make people feel anxious and uneasy. Only by staying calm and analyzing rationally can you be invincible in the market. Whether it is profit or loss, you must learn to sum up experience and lessons and improve your investment ability.

On this road of investing in Bitcoin, novices should always keep a learning attitude, accumulate experience, and constantly adjust their investment strategies. I hope that through this article, you can have a comprehensive understanding of buying Bitcoin, so that you can find your own path to success in this market full of opportunities and challenges. Whether you are a short-term trader or a long-term holder, only by deeply understanding the market can you take the initiative in the volatility and meet the investment challenges of the future.

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.

On July 26, the price of Bitcoin rose and once again exceeded $10,000, with a 24-hour increase of more than 5%. As of press time, the price of Bitcoin has fallen back to around $9,900. From this, it can be seen that Bitcoin is still the most popular currency among investors, which has also attracted many newcomers in the currency circle to invest. However, some newcomers in the currency circle do not know how to buy Bitcoin. So, how can newcomers buy Bitcoin? The following currency circle has compiled a beginner's guide to buying Bitcoin for investors' reference.
 Getting Started Tutorial on Buying Bitcoin
1. Log in. You can go to the official website directly and select [Register with mobile phone number or email] - [Taiwan] - [Email] (QQ, NetEase 163, Sohu email are recommended) according to the prompts below. Fill in the email address and password and click [Register]
2. After registration, you need to authenticate your identity. You can do this through [User Center] - [Identity Authentication]. On this page, you can view your current authentication level, which determines the transaction limit of your account on Binance. If you need to increase the limit, please complete each level of identity authentication in turn.
3. After completing identity verification, click [One-click Buy Coins] on the homepage to enter the transaction 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 window prompts, click "I have paid" and wait for the seller to release the currency.
5. Click on the market to enter the currency page and search for Bitcoin (BTC).
6. Click on 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 tips to pay attention to when using 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 basic news, you can get started, but it is easy to chase the rise and sell the fall, and if you are not careful, it is easy to fall into the trap of the banker and become a shareholder.
Short-term trading is suitable for people who have plenty of 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 simply mean to buy and then leave it alone, but to track the company's growth through focus and diligence to obtain excess returns, and to have an in-depth analysis of the fundamentals. It requires strong enough psychological endurance in the market trend and a certain view on future trends. Once the view and the trend are inconsistent, huge losses will occur.
The medium and long term are more suitable for those who do not have much time to watch the market, like research and analysis, have sufficient confidence in the future development of the currency, and are willing to understand the technology behind it and its development prospects.
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 those who have been exposed to fund fixed investment should have no difficulty in understanding digital currency fixed investment, and the returns of digital currency are higher than funds. As long as you invest regularly and in fixed amounts, select several currencies as investment portfolios, and set stop-profit and stop-loss, you will definitely get a lot of returns.
Suitable for people: salaried workers, those who are interested in digital currency but do not have time to analyze it, and those who have a fixed amount of 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.