Bitcoin Breaks $100,000, Setting a New Historical High! A Ten-Year Surge of Tens of Thousands of Times, Creating a Wealth Myth through 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? Can you trade domestically? Can you use Alipay or WeChat? How can you exchange RMB? Is the process complicated? What documents are needed? How should you store your wallet? How much should you invest initially? How can you safely cash out after making a profit?...
This comprehensive guide will answer all your questions step by step, making it easy for even an 80-year-old to grasp!
Table of Contents#
- Three-Step Quick Guide to Buying Bitcoin
- Full Analysis of Bitcoin Investment Return Potential
- Golden Rules for Selecting Exchanges
- Practical Guide to Directly Purchasing Cryptocurrency with RMB
- Best Timing for Entry in 2024
- High Price Solutions
- In-Depth Interpretation of Policy Compliance
- Asset Security Protection Guide
- Complete 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, with registration requiring 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: Conveniently Purchase Coins with RMB#
Operation process (using OKX as an example):
- Download the official app (Android｜iOS Tutorial)
- Enter the "Quick Buy" channel
- Select the USDT trading pair
- Pay via Alipay/WeChat/UnionPay
- Complete the fiat currency exchange
Can You Make Money Buying Bitcoin? How Much Expected Return?#
Historical Data Reference:
- 2011: $0.3 → 2024: $100,000+
- Ten-year compound growth rate exceeds 200%
Investment Strategy Suggestions:
- Use the "Pyramid Averaging Method"
- Historical pullbacks of 50-80% are golden buying points
- For small amounts, timing is recommended; for large amounts, regular investment is suggested
Is Now a Good Time to Buy Bitcoin? What is the Best Purchasing Timing?#
2024 Market Analysis:
- After breaking previous highs, there is a technical pullback 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 Price is Too High?#
Flexible Investment Solutions:
- Supports purchases starting from 0.0001 BTC (about $10)
- Regular fixed investment to avoid timing risks
- Combination investment (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?#
Security Protection System:
- Exchanges use cold and hot wallet separation
- 98% of assets are stored in offline cold wallets
- Platforms insure billions of dollars in security funds
Asset Storage Suggestions:
- Small assets can be stored on exchanges
- Large assets should be transferred to hardware wallets
- Enable Google two-factor authentication
Is It Troublesome to Cash Out in the Crypto Circle?#
Cashing Out Practical Experience:
- Transactions under $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 Strategy for Freezing Issues:
- Contact the bank to provide transaction proof
- Present compliance documents from the exchange
- Cooperate with anti-money laundering investigations
🔥 Complete Blockchain Tool Collection#
- Axiom Doge Tool → Experience it first
- Gmgn Sniping Tool → Use it now
- Dbot Quantitative Tool → Try it for free
- Morelogin Multi-Login Tool → Download Professional Version
Further Reading#
2025 Top Ten Exchanges in China Authority Ranking
Ten Years in the Crypto Circle: 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 own risk tolerance before operating.