If you are new to cryptocurrency, this guide will help you safely enter the crypto world from scratch.
Step 1: Understand the Basics
Cryptocurrency is a digital currency based on blockchain technology. Bitcoin (BTC) is the first and largest cryptocurrency, and Ethereum (ETH) is the second largest. Their prices are determined by market supply and demand, with trading available 24 hours a day.
Step 2: Choose an Exchange
When choosing an exchange, focus on: security licenses, trading volume, fees, and fiat currency deposit methods. It is recommended for beginners to use Binance or OKX, which have user-friendly interfaces and support Chinese.
Step 3: Register and Complete KYC Verification
After registration, you need to complete identity verification (KYC), which usually requires uploading an ID card and a selfie. Once verified, you can access all features.
Step 4: Make Your First Purchase
Deposit funds via bank card, Alipay, or USDT, then buy your target cryptocurrency on the spot market. It is recommended to start with BTC or ETH, and your initial investment should not exceed what you can afford to lose.
Step 5: Secure Storage
For long-term holdings, it is recommended to transfer assets to a hardware wallet (such as Ledger or Trezor). Assets for short-term trading can be kept on the exchange. Remember: do not keep all your assets in one place.
Investing involves risk; enter the market with caution. This article is for reference only and does not constitute investment advice.
Bitcoin has moved sharply lately, so the upside and the risk need to be measured together.
Checking network fees and platform rules before a transfer is especially important for beginners.