Bitcoin has officially surpassed 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 you might be eager to try it yourself, but don’t know where to start? For example, is it allowed to buy in the country? Can you use Alipay or WeChat? Is it feasible to use Renminbi? What is the specific 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 profits?...
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 buying Bitcoin? What are the expected returns?
- How to choose an exchange?
- How to buy Bitcoin or Dogecoin with Renminbi?
- Is now a good time to buy Bitcoin? What is the best time to buy?
- What to do if Bitcoin prices are 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?
- If you make money in the crypto world, is withdrawing it troublesome?
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, OKX is in a leading position, and we have no other choice but to register for an OKX account with peace of mind. For mainland users, OKX is the first choice, followed by Binance or the recently popular Bitget. Compared to other platforms, these three exchanges are the largest, accept national supervision, and guarantee security. Among them, OKX 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’s worth noting that many people may not understand that operating a cryptocurrency exchange is illegal in the country, but the state has never prohibited individuals from investing in cryptocurrencies. Domestic exchanges like OKX submit backend data to national supervision, which is why identity verification is required when registering and facial recognition is needed for withdrawals or transfers, aimed at preventing illegal activities.
On December 7, 2024, People's Court Daily: Mining condenses social abstract labor, virtual currencies have use value and exchange value. Furthermore, many may not be aware that holding cryptocurrencies as an individual has never been classified as illegal.
Many people also do not know that exchanges like OKX, 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 buy small amounts like 1 yuan or 10 yuan.
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 needs to accumulate experience with funds. Getting in early allows for lower trial and error costs, preventing financial ruin or family crises. Otherwise, it is advised to stay away for life, which is no exaggeration.
Registration and Identity Verification#
As mentioned earlier, the exchanges recommended are OKX, Binance, Bitget, and Gate, in that order: OKX > Binance > Bitget > Gate > Huobi.
Huobi performed well during Li Lin's tenure, 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 Chinese mainland mobile number or email, or verify your identity using 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 OKX as an example:
OKX#
New users registering for OKX this month can receive a blind box or Dogecoin gift package. Domestic users can register directly: Click here–> Go to the official website to register an OKX account, some regions may need a VPN or alternative link
Binance#
Binance has long offered 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. (Domestic users need a VPN 🪜)
Bitget#
Bitget has rapidly risen in the past two years and has entered the ranks of first-tier exchanges: Click here--> Go to the official website to register a Bitget account (Domestic users need a VPN 🪜)
Gate#
gate.io, also known as "Sesame Open Door," was formerly known as Bter: Click here--> Go to the official website to register a Gate account (Domestic users need a VPN 🪜)
By the way, if you need a VPN, please click the upper right corner——Friend Links——Airport VPS Recommendations.
Buying Bitcoin with Renminbi#
After waiting for the OKX 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 positive from the system regarding virtual currencies; we downloaded it from the official website, so there is no actual risk, 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.
Patiently install the OKX App. Then follow these steps:
Click on the app homepage——I want to buy coins (C2C buy coins)——Quick transaction——Select USDT——Enter the amount of USDT you want to purchase——Choose payment method: Alipay, WeChat, or bank card.
Completing the above steps allows you to exchange Renminbi for USDT. USDT is a necessary medium for investing in Bitcoin, and this step of converting Renminbi to USDT is essential.
For example, if I buy 1000 USDT, it is approximately 7000 Renminbi.
Can you make money 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 caution is needed when choosing the timing for purchase. A drop of 50%-80% from the peak is normal, and buying at the low points may yield profitable 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 the amount of capital and risk tolerance, with different strategies for different amounts of funds. Those with less capital can choose to enter the market opportunistically, while those with more capital can build positions in batches. When the price is around $20,000, gradual purchases can be made, or a dollar-cost averaging strategy can be referenced.
OKX Activities This Month#
New users registering for OKX this month can receive a blind box or Dogecoin gift package. Domestic users can register directly: Click here–> Go to the official website to register an OKX account, some regions may need a VPN or alternative link
What to do if Bitcoin prices are 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 has banned the operation of digital currency exchanges, not the trading of digital currencies themselves. Currently, domestic exchanges like OKX and Binance have completed their overseas service migration 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 cryptocurrencies, as the risks are extremely high.
Is it safe to buy Bitcoin? Will it run away? How to withdraw profits?#
Bitcoin exchanges are stable and reliable, suitable for long-term storage. For beginners, keeping it on the exchange is safer and easier to operate.
If you make money in the crypto world, is withdrawing it troublesome?#
Why do some people always say that withdrawing funds from exchanges is difficult? I wonder if these people have actually traded.
I have been trading on exchanges since 2014, and I withdraw funds almost every month. In the early stages, I also deposited funds, all directly linked to my domestic Bank of Communications card, with amounts in the tens of thousands completed within 10 minutes, and I have never encountered any issues. I don’t know why you all have frequent problems.
Of course, some people have received suspected dirty money (a few thousand yuan) when withdrawing, leading to their bank freezing online transfers. You just need to verify at the counter, show the transaction history on the OKX app, and after a simple education 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 recklessly without experience, the only advice is: start with small amounts to test and accumulate experience. After going to zero a few times and forming a stable profit style, you can increase your investment. I haven’t deposited funds in the past three years; 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 OKX 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 leaves them feeling helpless, even doubting whether the exchange itself has issues. In fact, this is more about the network environment rather than a service interruption from the platform itself. To cope with this situation, exchanges like OKX and Binance usually update backup domain names regularly to ensure users can continue to access the official website through alternative addresses.
-
- OKX backup domain Overseas OKX- requires VPN or alternative link
-
- Binance backup domain Binance
-
- Bitget backup domain Bitget
-
- Bybit backup domain Bybit/Bybitglobal
-
- Huobi backup domain Huobi/HTX
-
- Gate backup domain Gate.io
🔥 Further Reading#
2025 China's Top Ten Virtual Currency Trading Platforms Latest Ranking Released🔥【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 For#
Buying Bitcoin, Bitcoin, President Coin, Tony Quotes, Crypto Master Tony, Trump Coin, Buying Bitcoin in China, Crypto Trading Exchanges, OKX Download Registration, Domestic OKX Recharge, Binance App Registration, Binance App Download, Binance Platform Buying Tutorial, Binance Registration, Binance Airdrop Registration, Binance Apple Download, How to Buy President Coin, How to Buy Dogecoin, Buying Bitcoin with Renminbi, How to Download OKX, Web3 Airdrop, Web3 Zero Airdrop, Bitget Mainland Download Registration, OKX Passport Registration, OKX Download, Binance Download, Crypto Side Business, OKX Contracts, How to Recharge Renminbi on OKX, How to Recharge on OKX, How to Set Up an NFT Wallet, How to Recharge Renminbi on Huobi, Crypto Beginner's Tutorial, btc8848.com, Tony's Trading Principles, Contract Leverage Bit Wave, DeFi Mining, Crypto Airdrop, Can Crypto Airdrops Still Be Played, What to Do if Contract Liquidation Happens, How to Buy President Coin on OKX and Binance, How to Buy Ethereum on OKX and Binance, How to Play DeFi Staking Mining, Can NFTs Still Be Played, How to Play Web3 Airdrop, How to Strike Inscriptions, How to Strike Runes, Crypto Novice Entry, How to Trade Cryptocurrencies, Can You Make Money Trading Cryptocurrencies, Crypto Beginner's Tutorial btc8848.com, Can You Make Money Trading Cryptocurrencies, What is Contract Leverage, DeFi Mining, How to Play Crypto Airdrop, OKX Airdrop, Node Staking, Liquidation, Financial Freedom, Night Investment heiyetouzi.xyz