Bitcoin has first broken through the $100,000 mark! Over the past decade, its value has skyrocketed by tens of millions of times, which is the magic of blockchain technology.
You may have heard stories of people around you profiting from buying Bitcoin or Dogecoin and are eager to try it yourself, but don’t know how to start? For example, is it allowed to purchase in the country? Can you use Alipay or WeChat? Is it feasible to use RMB? What is the specific operation process? What procedures are needed? Do you need to install a wallet? How much is appropriate for a first purchase? Can you make a profit after buying? How to withdraw after making a profit?...
No need to worry! This article will provide clear answers to these questions, ensuring that even an eighty-year-old grandmother can easily grasp it.
Table of Contents#
- How to buy Bitcoin in three steps?
- Can you make money by buying Bitcoin? What are the expected returns?
- How to choose an exchange?
- How to buy Bitcoin or Dogecoin with RMB?
- Is now a good time to buy Bitcoin? What is the best time to buy?
- What to do if the price of Bitcoin is too high?
- Didn't China ban digital currency trading? How can you still buy?
- Is it safe to buy Bitcoin? Will it run away? How to store it?
- Is it troublesome to withdraw money after making money in the crypto circle?
How to buy Bitcoin in three steps?#
A three-step guide for novice investors to buy Bitcoin:
Choose a suitable Bitcoin exchange#
First, let's discuss exchanges. For domestic users, due to recent policy adjustments, among the currently recognized and reliable large exchanges, OKEx is in a leading position, and we have no choice but to register for an OKEx account with peace of mind. For mainland users, OKEx is the first choice, followed by Binance or the recently popular Bitget. Compared to other platforms, these three exchanges are the largest, accept national regulation, and guarantee security. Among them, OKEx and Bitget can be accessed directly in the country, while Binance requires the use of a VPN (commonly known as a ladder) to access.
Additionally, it should be noted that many people may not understand that operating cryptocurrency exchanges is illegal in the country, but the state has never prohibited individuals from investing in cryptocurrencies. Domestic exchanges like OKEx submit their backend data to national regulation, which is why real-name authentication with ID is required during registration, and facial recognition is needed when withdrawing or transferring coins, aimed at preventing criminals from exploiting loopholes.
On December 7, 2024, People's Court Daily: Mining condenses social abstract labor, virtual currencies have use value and exchange value. Moreover, many may not be aware that holding cryptocurrencies as an individual has never been classified as illegal behavior.
Many people also do not know that exchanges like OKEx, Binance, and Bitget can be directly linked to bank cards, WeChat, or Alipay for convenient Bitcoin purchases. Moreover, you do not need to buy 1 Bitcoin at once (which may be unaffordable); you can purchase small amounts like 1 yuan or 10 yuan at will.
When it comes to trading, the earlier you get involved, the better; otherwise, it’s better not to touch it at all. Everyone inevitably incurs losses in the early stages, and you need to accumulate experience with funds. The sooner you get in, the lower the trial-and-error cost, which will not lead to bankruptcy or family crises. Otherwise, it is recommended to stay away for life; this is not an exaggeration.
Registration and Real-name Authentication#
As mentioned earlier, the exchanges recommended are OKEx, Binance, Bitget, and Gate, in that order: OKEx > Binance > Bitget > Gate > Huobi.
Huobi performed well during Li Lin's time but declined after Sun Yuchen took over, with insufficient trading depth, thus ranking fourth.
Investing in cryptocurrencies carries high risks. According to national regulatory requirements, you need to register using a mobile number or email from mainland China, or authenticate with a VPN and Chinese ID. The platform can complete the review as quickly as the same day. The registration link supports Chinese mobile numbers or foreign emails like 163 email/QQ email/Gmail, and registering now can enjoy a lifelong 20% fee discount and a $600 newcomer gift package. Taking OKEx as an example:
OKEx#
New users registering on OKEx this month can receive a blind box or Dogecoin gift package, and can register directly in the country: Click here–>Go to the official website to register an OKEx account, some regions may need a ladder or alternative link
Binance#
Binance has long provided fee discounts and newcomer gift packages, but domestic users need a VPN to register: Click here-->Go to the official website to register a Binance account. (Requires a ladder in the country)
Bitget#
Bitget has rapidly risen in the past two years and has entered the first-tier exchanges: Click here-->Go to the official website to register a Bitget account (Requires a ladder in the country)
Gate#
gate.io, also known as Sesame Open Door, was formerly known as Biter: Click here-->Go to the official website to register a Gate account (Requires a ladder in the country)
By the way, if you need a VPN, please click the upper right corner——Friend Links——Airport VPS Recommendations.
Buying Bitcoin with RMB#
After waiting for the OKEx account registration to complete, download and install the app. If the installation process prompts a security risk, there is no need to pay attention; this is a false report from the system regarding virtual currencies; we downloaded it from the official website, with no actual risk, so just ignore it.
Apple users need to log in to the App Store with an overseas Apple ID to download the app. There are detailed tutorials on how to apply for an overseas Apple ID on Zhihu, which will not be elaborated here.
Be patient and install the OKEx App. Then follow these steps:
Click on the app homepage——I want to buy coins (C2C buy coins)——Quick trade——Select USDT——Enter the amount of USDT you want to purchase——Select payment method: Alipay, WeChat, or bank card.
After completing the above steps, you will have converted RMB to USDT. USDT is a necessary medium for investing in Bitcoin, and this step of converting RMB to USDT is indispensable.
For example, if I purchase 1000 USDT, it is approximately 7000 RMB.
Can you make money by buying Bitcoin? What are the expected returns?#
Holding Bitcoin is often based on the logic of "inflation," as its total supply is limited, and it is expected to rise in the long term. Historically, Bitcoin has shown significant volatility, so choosing the right time to buy requires caution. A drop of 50%-80% from the peak is normal, and buying at the low point may yield volatile returns.
Is now a good time to buy Bitcoin? What is the best time to buy?#
It is recommended to start buying when the price has dropped by 50% from the peak, and to fully invest when it drops by 80%. Timing should be based on your capital and risk tolerance, with different strategies for different amounts of capital. Those with less capital can choose to enter the market at opportune times, while those with more capital can build positions in batches. When the price is $20,000, you can gradually purchase, or refer to a dollar-cost averaging strategy.
OKEx Activities This Month#
New users registering on OKEx this month can receive a blind box or Dogecoin gift package, and can register directly in the country: Click here–>Go to the official website to register an OKEx account, some regions may need a ladder or alternative link
What to do if the price of Bitcoin is too high?#
Bitcoin can be divided, and you can purchase 0.01 or even less. Don’t worry about not being able to afford it; the key is how much you are willing to invest.
Didn't China ban digital currency trading? How can you still buy?#
The state prohibits the operation of digital currency exchanges, not the trading of digital currencies themselves. Currently, domestic exchanges like OKEx and Binance have completed the migration of overseas services and continue to serve Chinese users. For us, it has only raised the threshold, such as using a VPN or unblocked addresses to bypass restrictions. The state has never prohibited individuals from investing in cryptocurrencies, and purchasing Bitcoin as an individual is completely legal. But remember not to borrow money or take loans to trade, as the risks are extremely high.
Is it safe to buy Bitcoin? Will it run away? How to withdraw money after making a profit?#
Bitcoin exchanges are stable and reliable, suitable for long-term storage. For beginners, storing on exchanges is safer and easier to operate.
Is it troublesome to withdraw money after making money in the crypto circle?#
Why do some people always say that withdrawing money from exchanges is difficult? I wonder if these people have actually operated before.
I have been trading on exchanges since 2014, almost withdrawing money every month, and I also deposited money in the early stages, all directly linked to my domestic China Merchants Bank card, with amounts in the tens of thousands completed within 10 minutes, and I have never encountered any problems. I don’t know why you have so many issues.
Of course, some people have had their withdrawals frozen by the bank due to receiving suspected dirty money (a few thousand yuan) during withdrawals. You just need to verify at the counter, show the transaction history on the OKEx app, and after a simple explanation from the staff, it will be unfrozen, far from the terrifying rumors. I suspect these statements are intended to scare new investors.
Finally, trading carries risks. If you enter the market rashly without experience, the only suggestion is: start with small amounts to experiment, accumulate experience, and after a few resets, form a stable profit style before increasing your investment. I have not deposited money in the past three years, and treating trading seriously makes it not difficult to earn daily expenses.
No amount of theory is better than a practical experience. Only by purchasing personally can you truly understand. This article helps you confidently take the first step and embark on your investment journey in the crypto world. Wishing you eternal profits! 📈💰
🔥 Solving the issue of accessing OKEx exchange in China#
Many exchanges' original domain names may be listed on restriction lists, or access speed may be affected due to servers being located overseas. For ordinary users, this situation often makes them feel at a loss, even doubting whether the exchange itself has a problem. In fact, this is more due to the network environment rather than a service interruption of the platform itself. To cope with this situation, exchanges like OKEx and Binance usually update their backup domain names regularly to ensure users can continue to access the official website through alternative addresses.
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- OKEx backup domain Overseas OKEx-need a VPN or alternative link
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- Binance backup domain Binance
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- Bitget backup domain Bitget
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- Bybit backup domain Bybit/Bybitglobal
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- Huobi backup domain Huobi/HTX
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- Gate backup domain Gate.io
🔥 Further Reading#
2025 China's Top Ten Virtual Currency Trading Platforms Latest Rankings Are Out🔥【Worth Collecting】
🔥 Useful Tools for Finding Gold Dogs#
1️⃣ Axiom Dog-Charging Tool https://axiom.trade
2️⃣ Gmgn Dog-Charging Tool https://gmgn.ai
3️⃣ dbot Dog-Charging Tool https://app.debot.ai
4️⃣ Morelogin Multi-Account Fingerprint Browser www.morelogin.com
Everyone is Searching#
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