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Bitcoin has first broken through the $100,000 mark, setting a new historical high! Over the past decade, its value has skyrocketed by tens of millions of times, and only the amazing blockchain technology can achieve this feat.
You may have heard stories of people around you profiting from investing in Bitcoin or Dogecoin and want to try buying some? But don’t know where to start? For example: Can you buy it domestically? Does it support Alipay or WeChat? Is the Renminbi usable? What is the operation process? What procedures are needed? Is it necessary to install a wallet? How much is suitable for the first purchase? Can you make a profit after buying? How to withdraw after making a profit?...
No need to worry! This article will answer these questions one by one, ensuring the content is easy to understand, so even an eighty-year-old can grasp it easily.
Table of Contents#
- How to buy Bitcoin in three 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 Renminbi?
- 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 cryptocurrency 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 funds troublesome?
How to buy Bitcoin in three steps?#
A simple three-step tutorial for novice investors to buy Bitcoin:
Choose a suitable Bitcoin exchange#
First, let’s introduce the exchanges. Due to national policies in recent years, domestic users currently only have OKX as a nationally supported and reliable leading platform. Mainland users should first choose OKX, followed by Binance or the emerging platform 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 country, while Binance requires a VPN (commonly known as a ladder).
Additional note: Opening a cryptocurrency trading account domestically is illegal, but the state has never prohibited individuals from investing in cryptocurrencies. Domestic platforms like OKX must submit backend data to the state, so registration requires real-name authentication with an ID card, and facial recognition is needed for withdrawals to prevent illegal activities.
On December 7, 2024, People's Court Daily pointed out: Mining condenses social abstract labor, and virtual currencies have use value and exchange value. At the same time, holding cryptocurrencies as an individual has never been classified as illegal behavior.
Many people are unaware that exchanges like OKX, Binance, and Bitget can be directly linked to bank cards, WeChat, or Alipay to buy Bitcoin. You do not need to buy a whole Bitcoin at once; you can purchase small amounts like 1 yuan or 10 yuan.
It is advisable to invest early rather than late. Initial losses are inevitable, and experience needs to be accumulated. Entering the market early allows for lower trial and error costs, avoiding bankruptcy; otherwise, it is recommended to stay away for life.
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.
Cryptocurrency investment carries high risks and must comply with national regulations: register using a mobile phone number and email from mainland China, or authenticate with a VPN and ID card. The platform usually completes the review on the same day. Registration supports Chinese mobile numbers or 163/QQ/Gmail emails, and current registration enjoys a lifelong 20% fee discount and a $600 newcomer gift package. Examples are as follows:
OKX#
Registering for OKX this month can get a blind box or Dogecoin gift package. Direct registration in China: Click here–>Go to the official website to register an OKX account, some regions require a VPN or alternative link
Binance#
Binance has long offered fee discounts and newcomer gift packages. Domestic users need a VPN to register: Click here-->Go to the official website to register a Binance account. (A VPN is needed in the country 🪜)
Bitget#
Bitget has risen in recent years to become a top exchange: Click here-->Go to the official website to register a Bitget account (A VPN is needed in the country 🪜)
Gate#
Gate.io (formerly Bit 儿): Click here-->Go to the official website to register a Gate account (A VPN is needed in the country 🪜)
If you need a VPN, please click the upper right corner——Friendly Links——Airport VPS Recommendations.
Buying Bitcoin with Renminbi#
After completing the registration of your OKX account, download and install the APP. If the system prompts a security risk, please 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 (application methods can be referenced on Zhihu).
After successful installation, the operation steps are:
- Open the App homepage—click “I want to buy coins” (C2C buy coins)—select “Quick Trade”—choose USDT—enter the purchase amount—select payment method: Alipay, WeChat, or bank card.
This step completes the exchange of Renminbi for USDT (essential for Bitcoin investment). Example: Purchase 1000 USDT (approximately 7000 Renminbi).
Can you make money by buying Bitcoin? What are the expected returns?#
Bitcoin is often based on the "anti-inflation" logic (limited total supply), and is expected to rise in the long term. However, historical price fluctuations are large, so caution is needed when timing. A 50%-80% pullback from the peak is normal, and buying at the low can yield volatility profits.
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 pulled back 50% from the peak, and to fully invest when it has pulled back 80%. Develop strategies based on your capital and risk tolerance: small amounts can be timed, while large amounts should be purchased in batches. When the price is $20,000, you can gradually build your position or adopt a dollar-cost averaging strategy.
OKX Activities This Month#
New users registering for OKX this month can enjoy a blind box or Dogecoin gift package. Direct registration in China: 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 (e.g., 0.01 Bitcoin), so there is no need to worry about the threshold; the key lies in the willingness to invest.
Didn't China ban cryptocurrency trading? How can you still buy?#
The state has banned the operation of exchanges, not personal trading. Domestic platforms like OKX and Binance have completed the migration of overseas services, only raising access barriers (requiring a VPN or alternative domain names). Personal investment in Bitcoin is completely legal, but avoid borrowing to trade.
Is it safe to buy Bitcoin? Will it run away? How to withdraw if you make money?#
Mainstream exchanges are stable and secure, suitable for long-term custody. It is more convenient for novices to store in exchanges.
If you make money in the crypto world, is withdrawing funds troublesome?#
The withdrawal process is not complicated. I have been withdrawing funds monthly since 2014, binding my China Merchants Bank card for single amounts of tens of thousands, completed within 10 minutes, and have never encountered obstacles. Occasionally, users receive suspicious funds (like a few thousand yuan) that cause card freezes; they just need to show the OKX transaction history at the counter, and after education, it can be unfrozen.
Final reminder: Trading carries risks. If you have no experience, it is advisable to try small amounts, and after several zeroing out, form a stable strategy before increasing investment. I have not deposited funds in the past three years, focusing on trading to achieve stable profits. Practice is better than empty talk—only by purchasing once can you truly understand. This article helps you confidently take the first step and start your crypto investment journey. Wishing you a prosperous return! 📈💰
🔥 Solutions to Accessing OKX Exchange Issues in China#
The original domain of the exchange is often restricted or has high latency on overseas servers, which is not a platform fault. OKX, Binance, and others regularly update alternative domains to ensure access:
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- OKX alternative domain Overseas OKX-need a VPN or alternative link
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- Binance alternative domain Binance
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- Bitget alternative domain Bitget
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- Bybit alternative domain Bybit/Bybitglobal
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- Huobi HTX alternative domain Huobi/HTX
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- Gate alternative domain Gate.io
🔥 Related 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
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