For beginners, how to buy cryptocurrencies (such as Bitcoin BTC and Ethereum ETH) is often the first hurdle to entry. This article will provide a detailed introduction to mainstream trading channels and practical processes to help beginners enter the market quickly.
OKX APP is one of the three major exchanges globally, with a 20% reduction in trading fees for registration!
OKX (overseas) registration link: https://www.okx.com/join/97763692
OKX/Binance/Huobi - Registration/Download: http://18907.cc
Binance domestic registration: https://www.binance.com/zh-CN/join?ref=565010509
How can beginners buy cryptocurrencies?
Here are the registration and APP download links for mainstream exchanges that support buying and selling Bitcoin and Ethereum, allowing beginners to quickly open accounts and trade:
Binance: The largest cryptocurrency exchange globally, supporting BTC/ETH spot and contract trading.
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OKX: An active derivatives market, supporting trading of Bitcoin, Ethereum, and multiple other cryptocurrencies.
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Huobi: A well-established compliant platform, supporting quick purchases of BTC/ETH with fiat currency.
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Gate.io: Supports a wide range of cryptocurrency trading with good liquidity.
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During the installation process, the system may prompt "Allow installation of apps from this source." This is a normal security prompt, as the app does not come from the app store. It is recommended to click "Allow" or enable permissions in "Settings" before continuing with the installation.
Summary of channels for beginners to buy cryptocurrencies Bitcoin and Ethereum - PHP Chinese Network
Basic process for purchasing Bitcoin and Ethereum
The process for beginners to purchase Bitcoin (BTC) or Ethereum (ETH) typically involves the following steps:
Register an account: Choose one of the mainstream exchanges mentioned above and complete registration with a phone number/email.
Real-name verification: Upload identification documents and pass KYC verification according to regulatory requirements.
Deposit funds: Support various deposit methods including bank cards, Alipay, USDT, etc.
Buying operation: Select the BTC or ETH trading pair and enter the purchase amount to complete the transaction.
Secure storage: Beginners can initially store in the exchange account, while advanced users may transfer to a cold wallet for enhanced security.
Investment differences between Bitcoin and Ethereum
Bitcoin is known as "digital gold," with its greatest value lying in decentralization and scarcity, making it more suitable for long-term holding. Ethereum, on the other hand, is the core ecosystem for smart contracts and decentralized applications, with its value growth more reliant on the expansion of application scenarios. For beginners, they can allocate based on their risk preferences, even adopting a dollar-cost averaging strategy to diversify risk.
Summary of channels for beginners to buy cryptocurrencies Bitcoin and Ethereum - PHP Chinese Network
Precautions and risk warnings
When buying cryptocurrencies, beginners need to pay attention to the following points:
Always choose compliant and secure exchanges to avoid trading on unknown platforms.
It is recommended to enable dual security measures such as Google Authenticator and SMS verification.
Cryptocurrency prices are highly volatile; avoid using high leverage to prevent liquidation.
Invest rationally, do not blindly follow trends, and maintain a long-term mindset.
Overall, Bitcoin and Ethereum remain the most suitable mainstream crypto assets for beginners to enter the market. As long as they choose compliant trading channels and master the basic processes, beginners can easily start their cryptocurrency investment journey.