There are many types of digital currencies, mainly divided into currency types (BTC), platform types (ETH), application types (SC), stablecoins (USDT), and dividend types (repurchase BNB), among others. These assets have diverse attributes. New investors only need to distinguish between valuable coins and air coins; valuable coins are suitable for long-term holding, while air coins should be avoided even if they experience significant price increases. So, what basic knowledge do you need to master when trading coins? Many newcomers who have just come into contact with digital currencies and blockchain are often confused not by which currency to choose, but by the difficulty in understanding a large number of professional terms. For those who truly want to enter the coin circle and get rich through trading coins, what key knowledge must they understand?
Today, we have compiled relevant professional terms for reference:
1. Basic Characteristics of Virtual Currency Trading#
- Trading Time: 24/7 uninterrupted trading, no holidays.
- No Price Limits: Virtual currency trading is not subject to price limits, unlike stocks; for example, on May 28, Bitcoin's daily increase exceeded 20%.
- Trading Unit: The minimum purchase is 0.0001 BTC (approximately 0.6 yuan), with no similar restrictions as stocks requiring a minimum purchase of one lot (100 shares).
- Anytime Trading: This is the T+0 mechanism; stocks are T+1 trading (purchases made on the same day must be sold the next day), while virtual currencies support buying and selling on the same day.
- Unlimited Withdrawal and Cashing: Withdraw and cash out at any time, with extremely high liquidity.
There are many informal exchanges in the market, and newcomers often lack the experience to judge their reliability. It is recommended to prioritize registering on established platforms with good reputations —
The latest ranking of the top 10 virtual currency trading platforms in China for 2025 is out 🔥【Worth collecting】
2. Common Knowledge for Beginners in Virtual Currency Trading#
- Bitcoin and Ethereum are hard currencies in the blockchain field. If newcomers are unsure which assets to buy, it is recommended to choose BTC and ETH.
- There are various categories of digital currencies, including currency types (BTC), platform types (ETH), application types (SC), stablecoins (USDT), and dividend types (repurchase BNB). These assets have multiple attributes. Investors only need to distinguish between valuable coins and air coins; valuable coins can be held long-term, while air coins should not be touched even if they experience astonishing price increases!
- Legal currency purchasing channels include over-the-counter trading platforms and private over-the-counter trading. Over-the-counter platforms usually support various assets such as BTC/ETH/EOS, while private over-the-counter trading varies in scale, mostly limited to hard currencies like BTC and ETH. In the absence of guarantees, private transactions should be avoided to prevent difficulties in recovering funds if scammed.
3. Common Professional Terms in the Virtual Currency Trading Process#
- Position: Refers to the ratio of the actual assets held by the investor to the total funds.
- Full Position: Using all funds to buy virtual currencies.
- Partial Position: Selling part of the virtual currency but not liquidating the entire position.
- Heavy Position: The proportion of virtual currency holdings exceeds available funds.
- Light Position: The proportion of available funds exceeds virtual currency holdings.
- Empty Position: Selling all virtual currencies and converting everything to cash.
- Take Profit: Selling assets after achieving a certain profit to lock in gains.
- Stop Loss: Selling assets when losses reach a certain level to prevent further losses.
- Bull Market: Prices continue to rise, and market prospects are optimistic.
- Bear Market: Prices continue to fall, and market prospects are bleak.
4. Security Issues in Digital Currency#
The security of digital currencies has always been a major challenge in the coin circle. Even storing assets on exchanges is not absolutely safe; large platforms like Binance have also faced multiple hacker attacks, and smaller exchanges are at even higher risk, often becoming targets for hackers. Therefore, ensuring asset security is crucial. It is recommended to store digital currencies in private electronic wallets: software wallets save assets through applications but have lower security; hardware wallets (like onekey) are usually in USB form and offer higher security.
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🎁 Register on mainstream exchanges like OKX, Binance, Huobi, Bitget, Bybit, Gate, Backpack, etc., and bookmark all mainstream exchanges' latest loss prevention domain names on one webpage 👉🏻: https://vlink.cc
🔥 Solutions for Accessing OKX, Binance, Huobi, and Other Exchanges in Mainland China#
Many exchanges' original domain names may be restricted, or access may be slow due to overseas servers. Ordinary users often mistakenly believe that platform services are interrupted, but this is mostly due to network conditions. To address this situation, exchanges like OKX and Binance regularly update backup domain names to ensure users can access the official website through alternative addresses.
Can't open the link? Try other domestic mirror lines! 👉🏻 OKX domestic backup domain name line without VPN or proxy
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- OKX Backup Domain Overseas OKX - Requires VPN or Backup 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 HTX Backup Domain Huobi/HTX
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- Gate Backup Domain Gate.io
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