In China, Bitcoin transactions are not protected by law and there are risks in buying and selling. Domestic platforms for buying and selling Bitcoin include OTC platforms (Huobi OTC, Binance OTC, OKExOTC) and exchanges (Huobi, Binance, OKEx). Steps to buy Bitcoin: Select the platform → Deposit → Place an order → Pay → Receive Bitcoin. Steps to sell Bitcoin: Create a sell order → receive payment → release coins. Need to pay attention to: choose the platform carefully, keep the private key well, pay attention to transaction risks, and abide by laws and regulations.
How to buy and sell Bitcoin in China
The legality of buying and selling Bitcoin in China
In China, virtual currency transactions such as Bitcoin are not expressly protected by law, but they are not prohibited either. Therefore, there are certain risks involved in buying and selling Bitcoin domestically.
Platform for buying and selling Bitcoin
1. OTC platform
OTC (over-the-counter) platform is a connected buying and selling platform A platform for both parties to conduct transactions. Transactions are matched by the platform to ensure the safety of funds. The mainstream OTC platforms are:
- Huobi OTC
- Binance OTC
- OKEx OTC
2. Transaction The
exchange is a centralized platform on which buyers and sellers can directly conduct matching transactions. The mainstream exchanges include:
- Huobi.com
- Binance.com
- OKEx
Buy Bitcoin Steps
1. Select the platform
Choose an OTC platform or exchange according to your needs, register and perform real-name authentication.
2. Deposit money
Deposit money into the platform account through bank card, Alipay or WeChat.
3. Place an order
Publish an order to buy Bitcoin on the platform, set the price and quantity.
4. Payment
According to the order prompts, use bank card, Alipay or WeChat to pay.
5. Receive Bitcoin
After the transaction is completed, the Bitcoin will be automatically transferred to your platform wallet.
Steps to sell Bitcoin
1. Create a sell order
Publish an order to sell Bitcoin on the platform, set Price and quantity.
2. Collection
After the buyer pays, the funds will be automatically transferred to your platform account.
3. Release coins
After receiving the funds, transfer the Bitcoins from your platform wallet.
Notes
- Choose the platform carefully and choose a reputable platform for trading.
- Keep your private key safe. The private key is the security guarantee for your Bitcoin assets.
- Pay attention to transaction risks. Bitcoin prices fluctuate greatly and there are certain transaction risks.
- Abide by laws and regulations and conduct Bitcoin transactions without breaking the law.
The above is the detailed content of How to buy and sell Bitcoin in the country. For more information, please follow other related articles on the PHP Chinese website!
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