How to buy virtual currency novices? Trading guide for virtual currency novices (nanny-level tutorial)

The following is a nanny-level guide to virtual currency trading tailored for beginners, covering the entire process from entry to practical operation, combining the latest policies and platform trends in 2025 to help you start your investment journey safely and efficiently:

1. Choose a compliant trading platform

1. Platform screening criteria
   • Compliance : Preferential choices are platforms that hold US MSB, Hong Kong VASP and other licenses, such as Binance, OKX, and Huobi . These platforms need to pass KYC authentication (ID card/passport facial recognition) to ensure that the flow of funds is traceable.
   • Comparison of handling fees : Binance spot trading fee is 0.1% (you can enjoy a 25% discount when paying with BNB), OKX is 0.15%, Huobi is 0.2%, and Bitget is higher (0.5%). Long-term trading recommends holding platform coins to reduce costs.
   • Liquidity : The average daily trading volume of mainstream platforms exceeds 10 billion. For example, Binance supports more than 500 trading pairs, which is sufficient depth and is not easy to slip.
2. Recommended platform
   • Binance : The world's largest exchange, supports C2C, spot, contract and other full scenarios, and the APP's simple version interface is friendly.
   • OKX (Ouyi) : Leading derivative transactions, C2C supports Alipay/WeChat, and novices can use "Quick Coins Buy" to operate with one click.
   • Coinbase : US compliance benchmark, suitable for completely newbies, with minimal interface but high rates (1.5%).

2. C2C trading practice (taking Binance as an example)

(I) Preparation

1. Registration and Certification
   • Visit Binance official website (requires scientific Internet access), register with email/mobile phone number, and complete basic authentication (face recognition on the front and back of the ID card).
   • Turn on secondary verification (Google Authenticator or SMS) to improve account security.
2. Bind payment method
   • Enter the "C2C Transaction" page, click "Add payment method" to bind a bank card, Alipay or WeChat. Note:
     • Avoid noting sensitive words such as "USDT" and "BTC" when transferring money. It is recommended to operate large-value transactions in batches.
     • The first 3 transactions of new users require payment vouchers (screenshots or bank receipts).

(II) Purchase process

1. Select a trading pair
   • Search for "USDT" on the home page, enter the C2C trading area, and filter the sellers who "Sell USDT". Prioritize the options of "Certified Merchant" and "Support WeChat/Alipay" to view seller historical reviews (such as "Completion Rate 99%" and "Fast Response").
2. Order and Pay
   • Enter the purchase amount (such as 5,000 yuan), select the payment method (such as WeChat Pay), and click "Purchase" to generate an order.
   • Jump to the seller's collection page, copy the other party's WeChat account to add friends, and transfer money through WeChat change or change pass (avoid risk control being triggered by direct payment of bank card). After the transfer is completed, return to Binance and click "I have paid" and upload the transfer screenshot.
3. Confirm the account
   • After the seller confirms the receipt, USDT will be automatically transferred to your Binance Storage. If the account has not been received for more than 15 minutes, you can contact the platform customer service to intervene.

3. Storage and security management

1. Storage classification and selection
   • Hot storage (exchange storage) : Suitable for daily transactions, such as built-in storage for Binance and OKX, you need to enable the "Cash Output White List" (withdrawal only at the specified address).
   • Cold storage (hardware storage) : The first choice for long-term coin holding, such as Ledger Nano S (about 899 yuan), Trezor (about 1,100 yuan). Private keys are stored offline, and can resist hacker attacks.
2. Private key protection
   • When cold storage is used for the first time, be sure to copy 24 mnemonic words and store them in two places (such as a safe bank safe). Do not take photos or store them online.
   • Exchange storage requires regular changes to login passwords to avoid using weak passwords (such as birthday, 123456).

4. Basic trading strategy

1. Transaction Type
   • Market price order : Transaction immediately at the current market price, suitable for fast entry, but may spend more money due to slippage.
   • Limit order : Set the target price (such as buying when Bitcoin falls to $28,000), and accurately control costs.
2. Risk control
   • Position management : The first investment recommendation shall not exceed 5% of the total assets, and the single currency position shall not exceed 30%. For example, a single purchase of 100,000 yuan will not exceed 5,000 yuan.
   • Stop loss settings : Set the stop loss line immediately after buying (such as the cost price drops by 10%) to avoid emotional orders. For example, buy Bitcoin for $30,000, and set the stop loss price to $27,000.
3. Fixed investment strategy
   • A fixed amount (such as 2,000 yuan) is invested every month for a fixed time (such as 15th days) to equalize the risk of market volatility. For example, regardless of the price, buy ETH worth 2,000 yuan per month.

5. Compliance and risk warnings

1. Policy red line
   • It is prohibited to directly trade fiat currencies in China, but it can participate in indirectly through the C2C channel of overseas platforms. Pay attention to when trading:
     • Avoid using domestic bank cards to directly recharge. It is recommended to pay to individual sellers through Alipay/WeChat.
     • Overseas bank card processing (such as Bank of China Hong Kong) can improve deposit and withdrawal efficiency, but must comply with foreign exchange control regulations.
2. Prevention of fraud
   • Common scams :
     • Phishing website : identify the official domain name (such as Binance as "binance.com") and avoid clicking unknown links.
     • False OTC : Only transactions with certified merchants within the platform, and the temptation to refuse "extra discounts for offline transfers".
   • Fund monitoring : If Alipay/WeChat is frozen due to transactions, you need to contact the platform to provide a transaction record and appeal to avoid triggering risk control again.

6. Recommended learning resources

1. Introductory courses
   • Binance Academy : Provides free basic knowledge of blockchain, transaction strategies and other courses, suitable for systematic learning.
   • Coinbase Learn : Consolidate knowledge through interactive testing, and receive small digital currency rewards after completing courses.
2. Market Tools
   • TradingView : A professional chart analysis platform that supports multi-currency K-lines and technical indicators (such as MACD and RSI) to help you determine the timing of entry.
   • CoinMarketCap : Check market value rankings and price fluctuations in real time, and set price reminders.
3. Community Communication
   • Reddit cryptocurrency sector : Follow r/CryptoCurrency, r/Bitcoin and other communities to get market dynamics and discuss with users.
   • Telegram group : Join the "Binance Chinese Community" and "OKX Official Group" to receive platform announcements and event information in a timely manner.

7. Advanced operation suggestions

1. On-chain transfer
   • When withdrawing coins from the exchange to personal storage, you need to confirm the blockchain network (such as USDT has ERC20, TRC20, etc.) and choose the channel with the lowest handling fee (such as TRC20 is usually free).
2. DeFi experience
   • Connect to decentralized exchanges such as Uniswap and PancakeSwap through MetaMask storage to participate in liquidity mining or NFT trading. Note: DeFi projects are at high risk, and it is recommended to try small amounts.
3. Institutional-level tools
   • If the amount of funds is large (such as more than US$100,000), you can conduct bulk transactions through OTC services on platforms such as BitGo to avoid market impact costs.

The above is the detailed content of How to buy virtual currency novices? Trading guide for virtual currency novices (nanny-level tutorial). For more information, please follow other related articles on the PHP Chinese website!