Bitcoin has surpassed $100,000 for the first time in history! In just 10 years, it has multiplied by tens of millions, 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 purchasing it yourself? But you don't know how to operate? For example, can you buy it domestically? Can you use Alipay or WeChat? Is it okay to use RMB? What procedures are needed? Do you need to install a wallet? How much is suitable for a first-time purchase? Will you make a profit after buying? How to withdraw money if you make a profit?...
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 by 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 time to buy?
- What to do if the price of Bitcoin is too high?
- Isn't China banning cryptocurrency trading? How can you still buy?
- Is it safe to buy Bitcoin? Will it run away? How to store it?
- Is it troublesome to withdraw money 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 platforms have a daily trading volume exceeding $10 billion, with adequate security for funds. OKX and Bitget support direct connections for domestic users, while Binance requires a VPN.
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 on the same day:
OKX#
Register now to enjoy a newcomer gift｜Backup link
Binance#
Register at the world's largest exchange (requires VPN)
Bitget#
Registration channel for the emerging exchange (requires VPN)
Gate#
Registration portal for the established exchange (requires VPN)
Tip: Apple users need to download the app with 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)
- Click "I want to buy coins" on the homepage - select "Quick Trade"
- Purchase USDT (supports Alipay/WeChat/bank card)
- Exchange USDT for Bitcoin
Can you make money by buying Bitcoin? What are the expected returns?#
Bitcoin has anti-inflation properties, and historical data shows its price follows a spiraling upward trend. However, note the following:
- Typical volatility cycle: 50%-80% retracement from the peak
- It is recommended to accumulate positions in batches when the price retraces 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 time to buy?#
Reference strategy:
- Below $20,000: gradually accumulate positions
- When the historical peak is halved: start buying
- When retracing 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:
- Minimum purchase of 0.00000001
- Starting investment of 10 yuan, flexible as per individual preference
- It is recommended to try a first purchase of 100-1000 yuan
Isn't China banning cryptocurrency trading? How can you still buy?#
Policy interpretation:
- What is banned is the operation of exchanges, not personal investment
- Overseas exchanges bypass domain blocking through technical means
- Personal holding and trading of cryptocurrencies are completely legal
- Borrowing to speculate on coins 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 guidelines:
- Choose TOP 5 exchanges (ensuring fund scale)
- 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 withdraw money after making money in the crypto world?#
Withdrawal practical test:
- Single withdrawals below 50,000 are credited instantly
- Large amounts should be split into multiple transactions
- If encountering bank risk control, explanations can be provided at the counter
- Keep complete transaction records for reference
Important reminder: Newcomers must test 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 newcomer gift
Related Reading#
2025 Latest Ranking of the Top Ten Virtual Currency Trading Platforms in China
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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