Domestic formal Bitcoin channels

There are three formal channels for purchasing Bitcoin in China: 1. Cryptocurrency exchanges (Huobi, Binance, etc.); 2. Bitcoin ATMs (Genesis Block, Bitdeer, etc.); 3. Over-the-counter trading platforms (BitCoke, OTCBTC, etc.) ). Note: Real-name authentication is required when purchasing to prevent fraud and be stored properly and securely.

Domestic Formal Bitcoin Channels

With the popularity of Bitcoin, more and more people hope to find formal channels to purchase and trade Bitcoin in the country. Currently, the main formal channels for purchasing Bitcoin in the country are:

1. Cryptocurrency exchanges

Cryptocurrency exchanges are platforms for buying and selling cryptocurrencies such as Bitcoin. The formal domestic cryptocurrency exchanges include:

• Huobi
• Binance
• OKX
• Matcha

These exchanges are regulated by the government and follow strict compliance procedures. Provide users with a safe and reliable trading environment.

2. Bitcoin ATM

Bitcoin ATM allows users to purchase Bitcoin via cash or bank card. Domestic regular Bitcoin ATM machine suppliers include:

• Genesis Block
• Bitdeer
• CoinFlip

These suppliers have ATM machines in major cities across the country, providing users with convenient How to buy Bitcoin.

3. Over-the-Counter (OTC) Platform

An OTC platform is a peer-to-peer (P2P) platform for buying and selling Bitcoin. Compared to exchanges, OTC platforms have higher transaction fees but also offer greater trading freedom. Domestic formal OTC platforms include:

• BitCoke
• OTCBTC
• LocalBitcoins

These platforms allow users to conduct Bitcoin transactions directly with other users, providing a more flexible and private trading experience.

Notes:

When using these formal channels to purchase Bitcoin, you need to pay attention to the following:

• Real-name authentication: According to Chinese regulations, all cryptocurrency exchanges and OTC platforms require users to provide real-name authentication Certification.
• Prevent Fraud: When conducting Bitcoin transactions, please be careful to guard against fraud. Only trade with reputable counterparties and verify transaction information carefully.
• Safe Storage: Once you buy your Bitcoin, store it safely in your cryptocurrency wallet. It is recommended to use cold wallets (offline storage) to keep your Bitcoin safe.

Bitcoin Price Up Over 5%

Bitcoin (BTC) is currently trading at $64,754.91 with a trading volume of $377.392 billion. Bitcoin price has increased by 5.62% in the past 24 hours.

Price Moving Factors

The recent rise in Bitcoin price may be the result of a combination of the following factors:

• Inflation Concerns: As inflation continues to rise, investors seek to hedge the value of their portfolios.
• Institutional Adoption: More institutional investors consider Bitcoin as an asset class, increasing the demand for the cryptocurrency.
• Technical Improvements: Continued development of the Bitcoin Lightning Network increases its usefulness as a medium of exchange.

Future trend analysis

In the short term, Bitcoin prices are expected to continue to fluctuate, but the overall trend is still upward. If the current bullish momentum continues, Bitcoin may continue to move higher, but it is worth noting that in such a high-volatility market, a pullback is also possible.

Recommendations for Action

Investors should make decisions based on their own risk tolerance and investment objectives. Bitcoin remains a very volatile asset, so it's important to proceed with caution. Before making any investment decisions, thoroughly research and adjust for market conditions.

Short Term Forecast

Bitcoin is expected to continue rising in the short term and a pullback may provide an opportunity to buy on the dip. However, it is important to remember that the cryptocurrency market is unpredictable, so the wise course of action is to err on the side of caution.

Indicator

• Current Price: 64,754.91 USD
• 24 Hour Trading Volume: 377.392 Billion USD
• Circulation Volume: 19,726,171 Bitcoins
• Circulation market capitalization: 12,773.6 billion USD

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