Bitcoin has surpassed $100,000 for the first time in history! It has increased by tens of millions of times in 10 years, and only the miraculous blockchain can achieve this.#
You must have heard stories about people around you making money by buying Bitcoin or Dogecoin and want to try buying some yourself? But you don't know how to operate? For example, can you buy it domestically? Can you use Alipay or WeChat? Is it possible with RMB? What procedures are needed? Do you need to install a wallet? How much is appropriate for the first purchase? If you buy it, will you make a profit? How to cash out if you make money?...
Don't worry! This article will answer these questions in the simplest and most understandable way, ensuring that even an eighty-year-old grandmother can understand.
Table of Contents#
- How to buy Bitcoin in three steps?
- Can you make money 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 buying opportunity?
- What to do if the price of Bitcoin is too high?
- Isn't China prohibiting digital currency trading? How can you still buy?
- Is it safe to buy Bitcoin? Will it run away? How to store it?
- Is it troublesome to cash out after making money in the crypto world?
How to buy Bitcoin in three steps?#
A three-step tutorial for novice investors to buy Bitcoin:
Choose a suitable Bitcoin exchange#
Currently, domestic users are recommended to use OKX exchange, followed by Binance and Bitget. These three major platforms have a daily trading volume exceeding $10 billion, with adequate security for funds. OKX and Bitget support direct connection for domestic users, while Binance requires a VPN.
Special note: Although exchanges are prohibited from operating domestically, personal investment is completely legal. Mainstream exchanges ensure compliance through KYC real-name verification (ID card + facial recognition), and trading data is synchronized with regulatory authorities.
On December 7, 2024, the People's Court Daily clearly stated: Virtual currencies have use value and exchange value, and are protected by law.
Registration and real-name verification#
Recommended exchange priority: OKX > Binance > Bitget > Gate > Huobi. The registration process supports a Chinese interface, and verification can be completed as quickly as the same day:
OKX#
Register now to enjoy a new user gift｜Backup link
Binance#
Register at the world's largest exchange (VPN required)
Bitget#
Registration channel for the emerging exchange (VPN required)
Gate#
Registration entrance for the established exchange (VPN required)
Tip: Apple users need to download the app using an overseas Apple ID; specific tutorials can be searched on Zhihu.
Buying Bitcoin with RMB#
After completing registration, follow these steps:
- Download and install the exchange app (security warnings can be ignored)
- On the homepage, click "I want to buy coins" - select "Quick Trade"
- Purchase USDT (supports Alipay/WeChat/bank card)
- Exchange USDT for Bitcoin
Can you make money buying Bitcoin? What are the expected returns?#
Bitcoin has anti-inflation properties, and historical data shows its price has a spiraling upward trend. However, note:
- Typical volatility cycle: 50%-80% pullback from the peak
- It is recommended to gradually build positions when the price pulls back 50% from historical highs
- Small amounts can be timed for entry, while large amounts are recommended for a dollar-cost averaging strategy
Is now a good time to buy Bitcoin? What is the best buying opportunity?#
Reference strategy:
- Below $20,000: gradually build positions
- When the historical high is halved: start buying
- When it pulls back 80%: heavily invest
- Newbies are recommended to dollar-cost average weekly/monthly
What to do if the price of Bitcoin is too high?#
Bitcoin supports fractional purchases:
- The minimum purchase is 0.00000001 BTC
- Investment starts from 10 yuan, depending on personal preference
- It is recommended to try buying 100-1000 yuan for the first time
Isn't China prohibiting digital currency trading? How can you still buy?#
Policy interpretation:
- What is prohibited is the operation of exchanges, not personal investment
- Foreign exchanges bypass domain blocking through technical means
- Personal holding and trading of cryptocurrencies are completely legal
- Borrowing to trade cryptocurrencies is strictly prohibited, and risks are borne by the individual
Is it safe to buy Bitcoin? Will it run away? How to store it?#
Safety guide:
- Choose TOP 5 exchanges (fund scale guarantee)
- Enable Google verification + mobile verification
- Store small assets in exchanges for convenience
- Transfer large assets to cold wallets for safekeeping
- Regularly check account login records
Is it troublesome to cash out after making money in the crypto world?#
Cash-out practical test:
- Single transactions below 50,000 are credited instantly
- For large amounts, split into multiple transactions
- If encountering bank risk control, you can explain at the counter
- Keep a complete transaction record for reference
Important reminder: New users must try with small amounts; it is recommended to invest spare money. I have not added new funds in the past three years, only using profits for operations. Trading is a skill that requires time to hone.
Limited-time benefits this month#
Register at OKX to receive a $600 new user gift
Related Reading#
2025 Top 10 Virtual Currency Trading Platforms in China Latest Ranking
Real Stories of Wealth in the Crypto World: From 0 to 11 Million and then to a Debt of 100,000
Everyone is searching for#
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