Bitcoin Breaks $100,000, Setting a New Historical High! A Ten-Year Surge of Millions of Times, Creating a Wealth Myth with Blockchain#
You may have heard stories from friends around you who achieved financial freedom through Bitcoin and Dogecoin. Are you also eager to try but unsure where to start? Is trading possible in China? Can Alipay and WeChat be used? How to exchange RMB? Is the process complicated? What documents are needed? How to safeguard your wallet? How much should you invest initially? How to safely cash out after making a profit?...
This comprehensive guide will answer all your questions, making it easy for even an 80-year-old to master!
Table of Contents#
- Three-Step Quick Guide to Buying Bitcoin
- Full Analysis of Bitcoin Investment Return Potential
- Golden Rules for Selecting Exchanges
- Practical Steps for Directly Purchasing Cryptocurrency with RMB
- Best Timing for Entry in 2024
- Solutions for High Prices
- In-Depth Interpretation of Policy Compliance
- Asset Security Protection Guide
- Full Process of Cashing Out Profits
How to Buy Bitcoin in Three Steps#
Step 1: Choose Compliant Exchanges#
Currently, the top three recommended compliant platforms for domestic investors are:
- OKX: Register now to enjoy a new user gift package (Direct connection to mainland)
- Binance: Global largest exchange registration portal (Requires VPN)
- Bitget: Emerging dark horse platform registration channel (Requires VPN)
Policy Note:
On December 7, 2024, the People's Court Daily clarified: Virtual currencies embody social abstract labor and possess commodity attributes. Personal possession of cryptocurrencies has never been classified as illegal, and exchanges have achieved regulatory data integration; registration requires completing KYC certification.
Step 2: Quick Registration and Certification#
Recommended registration priority: OKX > Binance > Bitget > Gate
(Huobi is not recommended due to decreased liquidity)
Four Major Platform Registration Guidelines:
- OKX: Exclusive $600 gift package for new users
- Binance: Limited-time fee reduction registration channel
- Bitget: New trading king registration portal
- Gate: Revamped registration for established exchanges
Registration Tips:
- Supports registration with domestic phone/email
- Real-name certification includes facial recognition
- Apple users need overseas Apple ID to download the app
Step 3: Convenient Purchase of Coins with RMB#
Operation process (using OKX as an example):
- Download the official app (Android｜iOS tutorial)
- Enter the "Quick Buy Coin" channel
- Select the USDT trading pair
- Payment via Alipay/WeChat/UnionPay
- Complete fiat currency exchange
Can You Make Money Buying Bitcoin? How Big is the Expected Return?#
Historical Data Reference:
- 2011: $0.3 → 2024: $100,000+
- Ten-year compound annual growth rate exceeds 200%
Investment Strategy Recommendations:
- Use the "Pyramid Averaging Method"
- Historical pullbacks of 50-80% are golden buying points
- For small amounts, timing is advised; for large amounts, regular investment is recommended
Is Now a Good Time to Buy Bitcoin? What is the Best Purchase Timing?#
2024 Market Analysis:
- After breaking previous highs, there is a technical correction demand
- It is recommended to build positions in batches below $70,000
- Use "weekly dollar-cost averaging" to smooth out volatility risks
Beginner's Pitfall Avoidance Guide:
- Do not invest more than 5% of total assets for the first time
- Set a 20% stop-loss line
- Avoid leveraged trading
What to Do if Bitcoin Prices are Too High?#
Flexible Investment Solutions:
- Supports purchases starting from 0.0001 BTC (approximately $10)
- Regular fixed-amount investments to avoid timing risks
- Combination investments (BTC + ETH + platform tokens)
Didn't China Ban Digital Currency Trading? How Can It Still Be Purchased?#
Policy Interpretation:
- Prohibiting domestic exchanges ≠ Prohibiting personal investment
- Overseas platforms provide compliant services to Chinese users
- In and out funds must comply with foreign exchange management regulations
Risk Warning:
- Strictly prohibit borrowing to trade cryptocurrencies
- Avoid participating in Ponzi schemes
- Choose licensed exchanges
Is it Safe to Buy Bitcoin? Will They Run Away? How to Store It?#
Security Protection System:
- Exchanges use cold and hot wallet separation
- 98% of assets are stored in offline cold wallets
- Platforms insure a security fund of billions of dollars
Asset Storage Recommendations:
- Small assets can be stored in exchanges
- Large assets should be transferred to hardware wallets
- Enable Google two-factor authentication
Is it Troublesome to Cash Out in the Crypto World?#
Cash Out Practical Experience:
- Transactions below 50,000 are generally credited instantly
- For large amounts, it is recommended to split into multiple transactions
- Keep a complete transaction record for reference
Response Strategies for Freezing:
- Contact the bank to provide transaction proof
- Present compliance documents from the exchange
- Cooperate with anti-money laundering investigations
🔥 Comprehensive Blockchain Tools#
- Axiom Doge Tool → Experience it first
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- Dbot Quantitative Tool → Try it for free
- Morelogin Multi-Opening Tool → Download Professional Version
Further Reading#
2025 Top Ten Exchanges in China Authority Ranking
Ten Years in the Crypto World: From a Debt of 100,000 to a Net Worth of Millions
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Risk Warning: Digital currencies are highly volatile; it is recommended to invest with idle funds, and beginners are advised to start with 100 yuan. This article does not constitute investment advice; please assess your risk tolerance before operating.