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Complete Self-Study Guide for the Cryptocurrency World: From Basics to Avoiding Pitfalls, Easily Master the Crypto World

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In the era of Web3 and digital assets, cryptocurrencies represent not just an investment but a new digital civilization. This guide offers a comprehensive self-learning map for the cryptocurrency space, suitable for both beginners and those looking to deepen their understanding. ### Key Knowledge in Cryptocurrency: 1. **Bitcoin (BTC)**: Known as "digital gold," Bitcoin has a capped supply of 21 million coins and strong anti-inflation properties. The next halving event in 2024 is expected to drive long-term price increases due to scarcity. 2. **Stablecoins (USDT)**: USDT is pegged 1:1 to the US dollar and serves as a key trading tool, though users should be aware of audit risks associated with its parent company. 3. **Types of Tokens**: - **Governance Tokens**: Value tied to ecosystem development (e.g., UNI). - **Utility Tokens**: Often have a burning mechanism for price appreciation (e.g., BNB). - **Meme Coins**: Highly volatile and driven by market sentiment (e.g., DOGE). ### Essential Tools for Cryptocurrency Trading: - **TradingView**: For market analysis. - **CoinMarketCap**: For tracking market capitalization. - **RootData**: To verify project backgrounds and avoid scams. ### Recommended Exchanges: 1. **Binance**: One of the largest exchanges, offering a wide range of services and competitive fees. 2. **Bybit**: Known for its user-friendly interface and leverage options. 3. **Bitget**: Focuses on derivatives and has a strong global presence. 4. **Gate.io**: Established exchange with a variety of trading services. ### Safety Tips: - Always check the reserves of exchanges and prefer those with high trading volumes and transparent rules. - For deposits and withdrawals, prioritize security and use reputable methods. ### Common Pitfalls: - Be cautious with high-leverage trading, as it can lead to significant losses

Introduction:

In the age of Web3 and digital assets, cryptocurrency is not just an investment method but a whole new digital civilization. We present to you the most comprehensive "Self-Learning Map of the Crypto World." Whether you are a beginner or an entry-level player looking to systematically advance, you will gain a "Pitfall Avoidance Guide" for the crypto world after reading this article.

  1. The Most Important Knowledge in the Crypto World: Understand Before You Invest
    The Essence of Bitcoin (BTC)
    Bitcoin is "digital gold," with a fixed total supply of 21 million coins, halving its production every four years, and has strong anti-inflation properties.
    The latest halving cycle will occur in 2024, with long-term bullish logic based on scarcity and miner cost support.
    OKX APP is one of the top three exchanges globally, offering a 20% discount on trading fees for registration!

OKX (Overseas) Registration Link: https://www.okx.com/join/97763692

OKX/Binance/Huobi - Register/Download: http://18907.cc

Binance Domestic Registration: https://www.binance.com/zh-CN/join?ref=565010509

The Core Logic of Stablecoin USDT
USDT is a stablecoin pegged 1:1 to the US dollar, equivalent to "chips" in the cryptocurrency world.
Be cautious of the audit risks of USDT's parent company, but it remains a mainstream trading pair and a hedging tool.

Types of Tokens and Risks
Governance Tokens: Used for project governance, value depends on ecological development (e.g., UNI).
Consumption Tokens: Have a destruction mechanism, deflationary models are easier to rise (e.g., BNB).
Shovel Tokens: Used for on-chain tools or in-game resource exchanges (e.g., Catizen token).
Meme Coins: Depend on market sentiment, high risk and high volatility (e.g., DOGE).
Token Economic Model Analysis
Check the token unlocking plan through Token Unlocks to avoid selling pressure from unlocking.
Use RootData to verify project backgrounds and investment institutions, and stay away from air coins.

  1. Essential Tools for the Crypto World: From Market Watching to Risk Control
    Tool Name Function
    TradingView Market watching tool, supports candlestick/technical indicators
    CoinMarketCap Currency and exchange lookup, tracks mainstream project market capitalization
    Token Unlocks Queries project token unlocking times
    RootData Project team and financing background exploration
    Wallet Tools OneKey (cold), MetaMask (hot)

  2. Choosing the Right Exchange: Big Exchanges for Investment, Small Exchanges to Avoid Pitfalls
    Recommended Mainstream Exchanges
    Binance
    Binance (Official Registration Official Download) is one of the largest cryptocurrency exchanges, offering competitive margin trading features. Founded in 2017, it serves over 251 million users globally. The platform provides up to 10x leverage for spot margin trading and up to 125x leverage for contract trading.

Binance offers comprehensive virtual currency investment features, allowing you to buy and sell Bitcoin, contracts, grid trading, wealth management, and even Web3 airdrop rewards.

In terms of fee standards, Binance's spot trading fee is 0.1%, and contract maker fee is 0.02%, similar to other exchanges. You can also get more discounts by using Binance referral codes during registration, making the trading costs relatively low.

For beginners looking to invest in cryptocurrency, Binance is often the first choice, meeting most investment needs without the need to register on multiple exchanges for specific features.

If you haven't registered on Binance yet, you can use the registration link and APP download address below, along with video tutorials, to register yourself.

Binance
Binance (Official Registration Official Download) is a global digital asset trading platform founded by Changpeng Zhao in 2017, originally known as Binance Ex. It offers various services, including cryptocurrency trading, derivatives trading (such as futures and options), as well as decentralized finance (DeFi) and Web3 ecosystem services. The platform is known for its rich trading products and technical strength, providing secure and efficient digital asset trading and value-added services to users worldwide.

Binance offers OTC fiat trading, allowing users to purchase mainstream cryptocurrencies like Bitcoin and Ethereum with RMB. Additionally, Binance has launched Binance B tokens, which provide trading fee discounts and other privileges for holders. The trading experience on Binance is relatively good, suitable for various investors, especially those who need futures and leveraged trading.

If you haven't registered on Binance yet, you can use the registration link and APP download address below, along with video tutorials, to register yourself.

Friendly Reminder: By registering through the above link (or using the invitation code: jbzj999), new users can receive rewards of up to 50 USDT, and the invitation code must be entered to obtain this reward.

Bybit
Bybit (Official Registration, Official Download) is another quality exchange offering 10x leveraged trading. Founded by Ben Zhou in 2018, it is currently headquartered in Dubai. It supports both cross-margin and isolated margin modes, providing flexible risk management. In addition to leveraged trading, Bybit offers various features. It supports spot trading of over 1,650 cryptocurrencies, making it easy to buy and sell digital assets.

The platform also supports derivatives trading, including perpetual contracts and futures, with leverage up to 100x. Bybit has a user-friendly interface, featuring advanced charting tools and real-time market data. The exchange is known for its strong security measures, such as cold storage for most user funds and implementing two-factor authentication (2FA).

Additionally, Bybit offers a copy trading feature, allowing you to follow and replicate the strategies of experienced traders. This feature is particularly useful for trading novices or those who prefer a hands-off trading approach. The platform also provides various profit opportunities, including staking and lending.

If you haven't registered on Binance yet, you can use the registration link and APP download address below, along with video tutorials, to register yourself.

Bitget
Bitget Exchange (Official Registration Official Download), also known as Biji, is a global digital asset derivatives trading platform focused on digital currency trading services. It was founded by a team of former senior engineers from Netflix, financial experts, and technical specialists.

From its inception, Bitget has believed that even in adversity, it can be among the last 10% remaining in the market.

The founding team of Bitget, with a traditional financial background, discovered blockchain technology in 2015. However, at that time, blockchain technology was viewed by the industry as another "tulip mania." In 2018, after studying the Bitcoin white paper and the Ethereum ecosystem, they became interested in cryptocurrency. They believe that cryptocurrency will play an important role in the future and even benefit those without bank accounts. However, the market crash at that time drove away most speculators, with less than 10% choosing to stick to their beliefs. Bitget was officially established that same year.

Born in a bear market, Bitget adheres to a "serious and rigorous" attitude, prioritizing users, focusing on product innovation, and advocating for long-term prospects, encouraging people to gradually accept cryptocurrency and improve their trading methods.

The Bitget team has over 1,300 employees from 60 countries/regions, providing us with a truly global influence.

If you haven't registered on Bitget yet, you can use the registration link and APP download address below, along with video tutorials, to register yourself.

Gate.io
Gate.io (Official Registration Official Download) is an established global cryptocurrency exchange founded in 2013, known in Chinese as "大门" (Gate). It was originally named "比特儿" (Bite). It is characterized by security and stability, offering a variety of services including spot trading, contracts, leveraged trading, wealth management, and lending, supporting hundreds of cryptocurrencies and having millions of users in over 130 countries and regions.

Asset Scale: $250 million (growing, improving security)

Number of Trades: 480 (adding 22, focusing on niche markets)

24-Hour Trading Volume: $130 million (stable growth, promising potential)

Highlights: In 2020, the brand upgraded to "芝麻开门" (Gate.io), aiming to serve over 150 countries by 2025, with user numbers exceeding ten million. The platform is known for its technical stability and security, and the added IEO (Initial Exchange Offering) feature provides users with more investment opportunities.

Pitfall Avoidance Principles
Check the exchange's reserves (e.g., CoinMarketCap).

Prioritize platforms with high trading volumes and transparent rules, and be wary of the risks of small exchanges running away.

  1. Deposit and Withdrawal Methods: Safety is the Top Priority
    Safe Deposit and Withdrawal Steps
    Small Amounts: Use Alipay/WeChat to buy USDT directly on Binance.
    Large Amounts: Open a bank account in Hong Kong → Exchange for HKD → Purchase cryptocurrency from licensed exchanges.
    Withdrawals: Preferably transfer to a Hong Kong card or digital bank (e.g., iFast, THPay), then remit back to the mainland.

Tips to Avoid Frozen Cards
Avoid withdrawing directly to infrequently used bank cards.
Use digital banks as a transition to reduce the risk of the funding chain.

  1. Mainstream Trading Types: Three Major Pitfalls for Beginners to Avoid
    Spot Trading
    Low risk, suitable for beginners, but pay attention to market fluctuations.
    Contract Trading
    Keep leverage within 3x to avoid liquidation.
    Beginners should be cautious! 90% of losses stem from high leverage.
    Wealth Management and Lending
    Exchange's current wealth management (6-10% annualized), returns come from liquidity mining.
    Cryptocurrency bank lending (8-16% annualized), platform security must be assessed.
    Copy Trading and Quantitative Trading
    Only recommend Binance copy trading (profit-sharing after profits).
    Quantitative tools (e.g., grid trading) should be combined with market judgment to avoid mindless copy trading.

  2. Common Scams and Anti-Scam Guide
    Black Exchanges Running Away
    Only choose the top ten exchanges, be wary of high-return small platforms.
    Malicious Plugins and Fake Wallets
    Disable unknown plugins in the browser, check Google Store ratings before installation.
    Telegram Phishing Links
    Block accounts that privately message with trades or send unknown links, do not authorize unknown DApps.
    Fake Authorizations and Theft
    Regularly clean wallet authorizations (using Rev Binance e.Cash).

  3. How to Survive Long-Term and Make Money?
    Prioritize Learning: Follow industry trends and understand token logic.
    Control Positions: Invest with spare money, avoid all-in and high leverage.
    Safety First: Store large amounts in cold wallets, change passwords regularly.
    Take Profits in Time: Don’t be greedy at the top, reinvest profits into BTC/ETH for value preservation.
    Note: The crypto world is high risk; this article does not constitute investment advice! Protect your principal and participate rationally.

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