Where to Buy? Understanding Cryptocurrency Exchanges
For beginners, the safest and most mainstream way to purchase Bitcoin is through a "cryptocurrency exchange."
OKX / Binance / HTX are the three major exchanges globally: Click the link below to enjoy a permanent 20% fee rebate!
OKX registration link: https://www.okx.com/join/OK234
Download the Binance / HTX / OKX Android APP: https://688li.com/
Binance registration link: https://www.binance.com/zh-CN/join?ref=587926281
You can think of exchanges as an "online stock exchange" or "Taobao" specifically for buying and selling cryptocurrencies. Here, you can use our everyday money (fiat currency) to exchange for Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies. This is currently the only recommended channel for beginners to get started.
Although there are other methods, such as trading privately (OTC), the process is complex and risky, which beginners should not consider at the initial stage.
Recommended Reliable Mainstream Exchanges
Choosing a safe and reliable exchange is the most important step. The following three are top platforms globally, and beginners can choose from them with confidence:
Binance: The largest in terms of global users and trading volume, it is the "giant" of the cryptocurrency world. It offers a complete range of coins and smooth trading, making it the first choice for most people.
Huobi (HTX): A well-established exchange known for its stability and security. Its operating habits are more in line with domestic users, making it a very good choice.
OKX: Offers comprehensive features, and the mobile APP design is particularly friendly for beginners, with clear guidance and simple operations. If you are using this type of software for the first time, OKX will make you feel very quick to get started.
How Beginners Can Start Buying Bitcoin: A Guide to Purchasing Mainstream Cryptocurrencies - php Chinese Network
Practical Operation: The Complete Process of Buying Bitcoin
Once you have chosen a platform, we can start the practical operation. Follow the five steps below to ensure your success.
Step 1: Register an Account. Choose any of the exchanges above, and register an account using your phone number or email through the official website or official APP.
Step 2: Identity Verification (KYC). This is a mandatory requirement for all legitimate platforms, aimed at protecting your account security. Follow the platform's prompts to upload a photo of your ID, which usually gets approved within a few minutes.
Step 3: Deposit (Funding). Find the "Buy Coins" feature in the APP, usually through C2C (or P2P) mode, pay certified merchants on the platform using a bank card, and purchase a stablecoin called "USDT." USDT is equivalent to the US dollar and is the base currency for buying and selling other coins.
Step 4: Purchase Bitcoin. Once you have USDT in your account, go to the "Trading" or "Spot" page, find the trading pair "BTC/USDT" in the search box, which means buying BTC with USDT. Enter the amount you want to buy, click "Buy BTC," and you're done!
Step 5: Secure Storage. After purchase, your Bitcoin will be stored in the exchange's account. For beginners, keeping a small amount of funds here is convenient. If the amount increases later, learning how to transfer coins to your personal account will be safer.
How Beginners Can Start Buying Bitcoin: A Guide to Purchasing Mainstream Cryptocurrencies - php Chinese Network
Safety Tips: A Few Pieces of Advice for Beginners
The cryptocurrency market is highly risky, and as a beginner, protecting your principal is the top priority.
Investing carries risks; always use spare money. Cryptocurrency prices are highly volatile, and they may rise by 50% today and fall by 50% tomorrow. Never borrow money or use living expenses to invest.
Beware of scams. Always download apps through official websites or legitimate app stores, and do not click on any unknown links. Anyone who actively contacts you, teaches you how to make money, or asks for your password or verification code is a scammer.
Maintain a learning mindset. Don't always think about getting rich overnight; read more and learn about the projects you are investing in. Starting with a small amount of funds and gradually accumulating experience is the safest growth path for beginners.
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