Bitcoin has first broken through 100,000 USD, setting a new historical high! Over the past decade, its value has skyrocketed by tens of millions of times, a miracle only made possible by the amazing blockchain technology.
You may have heard stories from friends who made money by buying Bitcoin or Dogecoin and want to try it out, but don’t know how to get started. For example: Can it be purchased domestically? Can I use Alipay or WeChat Pay? Is it supported in RMB? What is the operational process? What procedures are needed? Do I need to install a wallet? How much should I buy for the first time? Can I make money after buying? How can I withdraw my earnings?...
Don’t worry! This article will answer these questions one by one, ensuring that even an eighty-year-old grandmother can easily understand.
Table of Contents#
- How to buy Bitcoin in three simple 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 I still buy it?
- 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 world?
How to buy Bitcoin in three simple steps?#
A simple three-step tutorial for novice investors to buy Bitcoin:
Choose a suitable Bitcoin exchange#
First, let’s introduce exchanges. Due to national policy influences, the only reliable large exchange currently available for domestic users is OKX, so it is recommended to register for an OKX account first. For mainland users, OKX is the first choice, followed by Binance or the emerging Bitget. These three exchanges are the largest, regulated by the state, and have high security. Among them, OKX and Bitget can be accessed directly in the mainland, while Binance requires a VPN (commonly known as a ladder).
Additional note: Opening a cryptocurrency exchange in the mainland is illegal, but personal investment in cryptocurrencies has never been prohibited. Domestic exchanges like OKX submit data to state regulators, so registration requires real-name identification with an ID card, and withdrawals require facial recognition to prevent illegal activities.
On December 7, 2024, the People's Court Daily pointed out: Mining condenses social abstract labor, virtual currencies have use value and exchange value. It should be noted that personal possession of cryptocurrencies has never been classified as illegal.
Many people are unaware that exchanges like OKX, Binance, and Bitget can directly bind bank cards, WeChat, or Alipay to purchase Bitcoin. There is no need to buy a whole Bitcoin at once; you can start with small amounts, such as 1 yuan or 10 yuan.
In the trading field, the earlier you get involved, the better. Newbies inevitably incur losses in the early stages, but the cost of trial and error is low at the beginning, avoiding total financial ruin later. If you are not prepared to bear risks, it is advisable to stay completely away.
Registration and real-name authentication#
Recommended order of exchanges: OKX > Binance > Bitget > Gate > Huobi. Huobi performed excellently during Li Lin's tenure, but after Sun Yuchen took over, trading depth declined, hence the lower ranking.
Investing in cryptocurrencies carries high risks and must comply with national regulations: register using a mainland Chinese mobile number or email, or authenticate with an ID card via VPN. Platforms usually complete the review on the same day. Registration supports Chinese mobile numbers or 163/QQ/Gmail emails, and current registrations enjoy a lifelong 20% fee discount and a 600 USD newcomer gift. Taking OKX as an example:
OKX#
New users registering for OKX this month can receive a blind box or Dogecoin gift package, and can register directly in the mainland: Click here–>Go to the official website to register an OKX account, some regions require a VPN or alternative link
Binance#
Binance offers 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. (A VPN is required in the mainland 🪜)
Bitget#
Bitget has risen in recent years and has entered the first-tier exchanges: Click here-->Go to the official website to register a Bitget account (A VPN is required in the mainland 🪜)
Gate#
Gate.io (formerly Bter): Click here-->Go to the official website to register a Gate account (A VPN is required in the mainland 🪜)
If you need a VPN, please click the upper right corner——Links——Airport VPS recommendations.
Buying Bitcoin with RMB#
After completing the registration of your OKX account, download and install the APP. If the system prompts a security risk during installation, you can ignore it (virtual currency applications are often falsely reported). Apple users need to log in with an overseas Apple ID to download from the App Store; the application method can be searched on Zhihu.
Once installed successfully, follow these steps:
Click on the App homepage——I want to buy coins (C2C buy coins)——Quick transaction——Select USDT——Enter the purchase amount——Choose payment method: Alipay, WeChat, or bank card.
This step completes the exchange of RMB for USDT, which is essential for investing in Bitcoin. For example, purchasing 1000 USDT (approximately 7000 RMB).
Can you make money by buying Bitcoin? What are the expected returns?#
Bitcoin is often seen as an anti-inflation asset, with a limited total supply and long-term appreciation. However, the price is highly volatile, so it is important to pay attention to the risks of timing your purchases. Historical peaks have seen declines of 50%-80%, and buying at low points may yield profits.
Is now a good time to buy Bitcoin? What is the best time to buy?#
It is recommended to start buying when it has dropped 50% from its peak, and to fully invest when it has dropped 80%. Timing should depend on your capital and risk tolerance: small amounts can be timed, while large amounts should be bought in batches. When the price is at 20,000 USD, you can gradually purchase, or adopt a dollar-cost averaging strategy.
OKX Activities This Month#
New users registering for OKX this month can receive a blind box or Dogecoin gift package, and can register directly in the mainland: Click here–>Go to the official website to register an OKX account, some regions require a VPN or alternative link
What to do if the price of Bitcoin is too high?#
Bitcoin can be purchased in fractions, such as 0.01 or less. There is no need to worry about not being able to afford it; the key is to decide the purchase amount based on your budget.
Didn't China ban digital currency trading? How can I still buy?#
What the state prohibits is the operation of digital currency exchanges, not personal trading. Domestic users can purchase through overseas migration platforms like OKX or Binance, requiring only a VPN or a non-blocked address to bypass restrictions. Personal investment in Bitcoin is legal, but do not borrow money to trade.
Is it safe to buy Bitcoin? Will it run away? How to withdraw money after making a profit?#
Mainstream exchanges like OKX and Binance are stable and secure, suitable for long-term storage. Newbies are advised to keep their assets in exchanges for ease of operation.
Is it troublesome to withdraw money after making money in the crypto world?#
Many people complain about the difficulty of withdrawing money, but actual experience shows that it is not a big problem.
Since trading on exchanges began in 2014, I have withdrawn tens of thousands of yuan to my China Merchants Bank card every month, completed within 10 minutes, and have never encountered obstacles. Occasionally, I receive suspicious funds (like a few thousand yuan) that lead to a card freeze, but I just need to show the transaction history from the OKX App at the counter, and after some education, it gets unfrozen; the risk is controllable.
Finally, a reminder: trading carries high risks. Newbies must start with small amounts to accumulate experience, and after forming a stable strategy through several rounds of trial and error, they can increase their positions. I have not deposited any funds in the past three years, and through cautious operations, I can continue to profit.
Practice is better than empty talk. Taking the first step is the only way to truly understand the crypto world. Wishing you successful investments! 📈💰
🔥 Solutions to Accessing OKX Exchange in China#
Many exchanges' original domain names may be blacklisted, or access speed may be affected due to servers being located overseas. For ordinary users, this situation often leaves them feeling at a loss, even doubting whether the exchange itself has issues. In fact, this is more about the network environment than a service interruption from the platform itself. To cope with this situation, exchanges like OKX and Binance usually update their backup domain names regularly to ensure users can continue to access the official website through alternative addresses.
-
- OKX backup domain Overseas OKX-need a 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#
🔥 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, 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 RMB, How to Download OKX, Web3 Earning, Web3 Zero Earning, Bitget Mainland Download Registration, OKX Passport Registration, OKX Download, Binance Download, Crypto Trading Side Job, OKX Contracts, How to Recharge RMB on OKX, How to Recharge on OKX, How to Create an NFT Wallet, How to Recharge RMB on Huobi, Crypto Beginner's Tutorial, btc8848.com, Tony's Trading Principles, Contract Leverage Bit Lang Lang, DeFi Mining, Crypto Earning, 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 Earning, How to Strike Inscriptions, How to Strike Runes, Crypto Newbie's 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 Earning, OKX Airdrop, Node Staking, Liquidation, Financial Freedom, Night Investment heiyetouzi.xyz