比特币

Choose the Right Exchange
First, selecting a reliable exchange is the first step to buying Bitcoin (USDT). The exchange is the core platform for users to buy and sell Bitcoin, providing services such as trade matching, asset storage, and security guarantees. When choosing an exchange, it is advisable to consider the following factors:

Platform Reputation and Security: Choose large, well-known exchanges with trading depth, such as Binance (register), Binance (register), and Sesame Credit (register). These platforms have strong technical backgrounds and high security guarantees.
Support for RMB Deposits: Ensure that the platform supports RMB deposits and withdrawals so that you can directly trade Bitcoin with RMB.
OKX APP is one of the top three exchanges globally, with a 20% reduction in trading fees for registration!

OKX (Overseas) registration link: https://www.okx.com/join/97763692

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

Binance (Binance) domestic registration: https://www.binance.com/zh-CN/join?ref=565010509
Platform Liquidity: The higher the platform's liquidity, the smoother the trading speed and price fluctuations, leading to a better trading experience for users.
Trading Fees: Different platforms have significant differences in trading fees, buying, and selling Bitcoin. Choosing a platform with relatively low fees helps reduce trading costs.
User Experience: The user interface, trading speed, and customer service of the exchange are also factors that investors need to consider. An easy-to-use exchange with fast trading speed and good customer service will greatly enhance the trading experience for investors.
Currently, mainstream exchanges like Binance, Binance, and Sesame Credit all provide fiat (RMB) deposit functions, allowing users to directly purchase Bitcoin with RMB. Next, we will take Binance/OKX as an example to explain the specific process of purchasing Bitcoin in detail.

Current Status of the Bitcoin Market and Purchase Demand
With the popularity of Bitcoin, Ethereum, and other cryptocurrencies, more and more people are beginning to pay attention to how to invest in digital currencies. Bitcoin is not only widely used globally but also has characteristics such as decentralization, low fees, and global circulation, attracting a large number of investors. Especially in times of significant market volatility, Bitcoin is seen as a potentially lucrative investment method.

However, for many domestic investors, how to purchase Bitcoin with RMB remains a challenge. Therefore, understanding the purchasing process of exchanges is an important step to enter the Bitcoin market.

Considerations When Buying Bitcoin

1. Platform Selection and Security
   When choosing a trading platform, users should prioritize the platform's reputation, security, and user reviews. Well-known platforms usually have higher security and better user experiences. Additionally, users should set up security measures such as two-factor authentication, email verification, and fingerprint keys based on the platform's prompts to protect their accounts.

2. Market Volatility
   The Bitcoin market is highly volatile, and prices can fluctuate dramatically in a short period. Please consider carefully before purchasing.

3. Frequently Asked Questions
   Which virtual currencies can be directly purchased with RMB?

In China, users can usually directly purchase mainstream cryptocurrencies like USDT, BTC, ETH, SOL, etc., with RMB. Other currencies need to be exchanged through cryptocurrency trading.

Is virtual currency trading legal?

Currently, virtual currency trading platforms are prohibited in China, but individual investors can still participate in virtual currency trading through legal means. It is important to note that virtual currency trading is not protected by law, and users must bear the risks themselves.

Binance Exchange Bitcoin Purchase Process
Binance Account Registration
Below is the invitation link or invitation code for Binance exchange. It is important to note that this invitation link is quite special. As long as you use this link to register on Binance, you will permanently receive a 20% reduction in trading fees. This is very important for our regular cryptocurrency trading.

Next, we copy this link and open it in incognito mode; remember to use incognito mode. Paste this invitation link into the browser to open it.

Binance Account Registration

At this point, you can clearly see in the upper left corner that by using this link to register, you can permanently receive a 20% reduction in trading fees. Note that this offer is not available with just any link.

Next, we just need to follow the prompts, select our residence as China on the right, agree to the terms of service, and click next.

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Next, we just need to enter our correct email in the corresponding email input field, for example, I will enter a 126 email. Once entered correctly, you will see that the invitation code is automatically filled in when registering with this link, allowing you to receive a 20% rebate. We just need to click register.

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In addition to the 20% fee reduction, as long as you use this invitation link to register or fill in the jbzj999 invitation code, you will also receive two additional rewards.

Reward 1: Within 14 days, as long as you trade 50 USDT of stablecoins, which is about 350 to 360 RMB, you can earn up to 100 USDT of stablecoin rewards, worth over 700 RMB. Of course, this is the maximum case; the actual amount you can earn depends on your luck.

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As long as you use this link to register, you can also participate in the second activity.

Reward 2: If you are a newcomer, as long as you deposit more than or equal to 10 USDT of stablecoins for the first time on the Binance platform, you will automatically receive a 10 USDT experience voucher as an additional reward.

Many friends may ask how to use it? This experience voucher allows us to trade for free on the Binance exchange; if there are profits, they can be withdrawn directly, and if there are losses, this experience voucher will directly offset it. So I think this is very important for many newcomers who are just getting into cryptocurrency, as it provides more opportunities for experience.

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How to Use RMB to Purchase Bitcoin in Mainland China
After registering, if you want to buy Bitcoin, we first need to purchase USDT. After entering the Binance exchange, click on the upper left corner to buy coins and select C2C to buy coins.

How to Use RMB to Purchase Bitcoin in Mainland China

Once inside, you can see quick trading, C2C trading, and bulk trading at the top.

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We choose C2C trading, which is person-to-person trading. Once inside, we scroll down and click buy, select USDT as the currency. USDT, known as Tether, is pegged 1:1 to the US dollar; you can understand USDT as the US dollar in digital currency. To purchase other digital currencies, you need to use USDT. After selecting the currency, filter the amount you want to purchase; for example, if I want to buy 500 RMB of USDT, I will enter 500. The CNY at the back means RMB, which is the fiat currency we will use. You can also switch to other fiat currencies like HKD or USD here.

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Then we choose a payment method; there are three payment methods: bank card, Alipay, and WeChat Pay. Use whichever payment method you are accustomed to. For example, if I prefer to use Alipay, I will select Alipay.

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The Binance platform will filter out merchants that meet the requirements for us. We should look for merchants with high transaction volumes and transaction rates to make purchases because those with high transaction volumes and rates are generally better and more capable merchants. For example, 360 Security has a transaction volume of 30,000 orders, and its positive feedback rate is 99.96%. We can proceed to purchase from this merchant by clicking buy next to them.

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Re-enter the amount you want to pay; it will automatically calculate that paying 500 RMB will receive 67.29 USDT. On the left side of the page, you can see that the transaction conditions require real-name payment, and we need to contact them in advance before payment; otherwise, it will be blocked. Then we click on 0 fees to buy USDT.

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Click confirm.

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Then we contact the merchant in the chat window. After contacting them, we transfer money to the Alipay account provided by the merchant. After payment is completed, click I have paid, and wait for the seller to verify receipt of the money before they will release the coins to us.

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After buying the coins, where can we check them? Click on the asset management at the top and select my assets.

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Select the fund account, and here you can see the USDT you have purchased. Our money in the fund account cannot be traded; it needs to be transferred to the trading account before trading. We click on fund transfer here.

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Select USDT as the currency, transfer from the fund account to the trading account, transfer all, and click confirm.

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Click on the trading account at the top, and you can see that our funds have been transferred over.

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Click on the trading button at the top and select spot.

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Here we can purchase Bitcoin. Once inside, you can search for the currency you want to buy in the upper left corner; for example, if I want to buy Bitcoin, I can search for BTC and select the first BTC/USDT. The BTC in front is the currency we want to exchange, and the USDT behind is the currency we hold, so we can use USDT for the exchange. Of course, if you want to buy other currencies, you can also search for them here using USDT. Here we will select Bitcoin.

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At the bottom, you can see limit orders, market orders, and stop-loss orders. Limit orders and market orders are the two trading methods we use most often.

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A limit order means we set a price, and the transaction can only occur when the price is close to that. For example, if the current price is 76,625 and we want to buy at 76,000, we enter the desired purchase price here, then enter the quantity or amount we want to buy, and click buy BTC at the bottom to successfully place the order.

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The so-called successful order does not mean it has been executed; it only means our trading request was successful. We can scroll down and see our pending order in the current orders section; it needs to drop to our desired order price to be executed. Of course, this requires us to wait; if you don't want to wait, you can click the cancel button to withdraw this purchase request. Click cancel, and the order will be successfully canceled. Note that placing and canceling orders incurs no fees if they are not executed.

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If you want to buy immediately, we can choose a market order. At this point, you will find that a market order does not require us to enter a price because it will place an order at the best current market price. We just need to enter the amount we want to buy to successfully purchase it by clicking buy BTC. At this moment, we have successfully purchased Bitcoin.

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Let's go back to the top, click on asset management, and select my assets.

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Select the trading account at the top, and here you can see the Bitcoin we just purchased. The purchasing method is also relatively simple and easy to operate.

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At this point, if Bitcoin rises from a low to a high position and you want to sell it for RMB, how should you operate? First, we go back to the trading section at the top and select spot.

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Again, select the BTC/USDT trading pair.

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We go down and select a market order; this time, we choose to sell, fill the quantity, and click sell BTC. This way, we have sold our Bitcoin for USDT.

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Then we go back to the asset page.

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Still back to the trading account, at this point, you can see that our Bitcoin is gone and has been exchanged for USDT. Then we click on fund transfer.

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Select USDT as the asset, transfer from the trading account to the fund account, transfer all, and click confirm. Our money can only be cashed out once it is transferred to the fund account.

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After the transfer is complete, click on buy coins at the top and select C2C to buy coins.

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Still choose C2C trading. The difference now is that we need to select sell and choose USDT as the currency to sell. Then you can filter the amount you want to sell, and the payment method will be our receiving method, which you can choose freely.

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When selling, there are a few tips to keep in mind. First, we should choose merchants with high transaction volumes, which refers to experienced merchants. Here we can see each merchant's transaction volume and transaction rate; we should not only look for merchants with high transaction volumes and rates but also those who have been registered for a longer time and have an average payment time of within 3 minutes. For example, we can look at the Heng Tong Cai Yun trading company, which has been registered since November 2023, so it has been over a year.

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This company is acceptable.

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We can look at the next one, Hongyu Trading, which was registered in December 2024; its registration time is a bit short.

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Let's switch to another one, Fu You Bao Trading, which was registered in April 2023 and has been registered for two years. Its transaction volume and rate in the last 30 days are quite high, and its average payment time is 1 minute and 40 seconds, with an average release time of 59 seconds. This one is acceptable, and we can proceed to sell to this one. Click sell.

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Enter the quantity you want to sell; the Binance platform will automatically calculate that selling 50 USDT will receive 366.5 RMB. Next, we click on the 0 fees to sell USDT.

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The merchant will transfer money to us; at this point, be sure to note that if the transfer is made by someone other than the merchant, you should refuse to trade with them. For example, if they say their account has limits and they want to transfer using their spouse's, relatives', or parents' accounts, you must refuse. When we receive the reminder that the buyer has completed the payment, do not blindly trust the SMS reminder; always check the actual asset changes in your Binance account to confirm that you have really received the money before clicking the confirm receipt button. This way, we can release the USDT to the buyer.

1. Register an Account and Complete Real-Name Verification
   Visit the official website: On the Binance homepage, click the "Register" button in the upper right corner.
   Get the verification code: Enter your phone number, click "Next," and Binance will send a verification code for registration within 60 seconds; check your SMS.
   Set a password: Binance has low requirements for setting a password; it only needs to contain 1 number and 1 uppercase letter, and the password length should be more than 8 characters.
2. Register an Account and Complete Real-Name Verification

After setting the password, it will ask if you want to bind your ID. You can choose "Yes" and enter A0Y8K980 to save 20% on trading fees, then click "Next" to complete the registration.

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After creating an account, all exchanges require users to undergo identity verification. You need to upload identification materials, such as the front and back of your ID card. After submission, the platform will review it, usually completing the review within a few minutes to a few hours, unlocking more services for the current trading account.

Once real-name verification is passed, you can officially use the platform to buy or sell fiat currency and purchase and trade Bitcoin.

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2. RMB Deposit
   Once your account is registered and real-name verification is completed, you can start depositing RMB and purchasing Bitcoin. The deposit methods supported by different platforms may vary, but most platforms support bank transfers, Alipay, WeChat Pay, and other methods.

Here is the basic process for depositing RMB through the Binance platform:

Enter the fiat trading page: On the Binance homepage, go to Trading > C2C to enter the fiat trading interface.

2. RMB Deposit

Choose a merchant: At the top of the C2C trading page, you can filter by amount and payment method; after setting, select a merchant from the list and click "Buy."

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Fill in the deposit amount: On the merchant's C2C buy coin page, enter the RMB amount you want to deposit as prompted. The platform will display relevant deposit rate information, ensuring you understand each fee.

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Pay and confirm: After entering the purchase amount and selecting the deposit method, complete the payment according to the platform's prompts. For example, if you choose Alipay, the platform will provide an Alipay QR code or small wallet, and you need to scan the QR code to complete the payment.

Once the deposit is successful, the fiat account balance will be credited to the fund account, and you can use this RMB to purchase Bitcoin.

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3. Choose Bitcoin for Purchase
   Once the RMB deposit is credited, you can choose Bitcoin for purchase within the exchange. Here is the purchasing process on the Binance platform:

Enter the trading page: On the Binance main interface, click "Trade," and select "Classic Trading" or "Simple Trading" mode. Choose the appropriate trading method based on personal needs.

Select the trading pair: In the trading interface, choose the Bitcoin and trading pair you want to purchase. For example, select ETH/USDT (Ethereum/USD stablecoin), etc.

Select the purchase type: Usually, trading platforms offer limit orders and market orders. A market order buys Bitcoin at the current market price, while a limit order allows you to set a desired purchase price, and the system will automatically complete the transaction when the market price reaches that price.

Input the purchase quantity: Enter the quantity of Bitcoin you want to purchase, and the platform will automatically display the RMB amount you need to pay.

Confirm the order: After confirming the order details, click the "Buy" button to complete the transaction.

4. Purchase Bitcoin via Instant Exchange
   Some mainstream exchanges also offer instant exchange methods for purchasing Bitcoin. The advantage of this method is 0 fees, but it only supports a limited number of mainstream currencies.

The instant exchange on Binance can be accessed on the left side of the spot trading interface, allowing you to exchange fiat currency for Bitcoin, Ethereum, Ripple, etc., and vice versa. The instant exchange method supports both market and limit orders, as well as setting time-based investments for purchasing Bitcoin.

Storing Bitcoin in a Personal Wallet
After purchasing Bitcoin, you can also transfer it to your personal crypto wallet for storage instead of keeping it long-term in the exchange account.

Here is the basic process for withdrawing Bitcoin:

Enter the asset page: On the Binance platform, click "Assets" and select "Spot Account."

Select to withdraw Bitcoin: Find the Bitcoin you purchased (such as Bitcoin or Ethereum), click the "Transfer" button, and then select on-chain withdrawal.

Input wallet address: In the pop-up window, enter the receiving address of your personal wallet. Ensure the address entered is correct; otherwise, the Bitcoin may be lost.

Confirm withdrawal: After entering the withdrawal amount, confirm the withdrawal information and complete the security verification (usually requires entering a second verification code).

Complete the withdrawal: After submission, the platform will process the withdrawal request. Depending on the currency and network, Bitcoin will typically transfer to your personal wallet address within a few minutes to a few hours.

Withdrawing RMB
If you plan to sell Bitcoin and withdraw it as RMB, you can do so through fiat trading. After selling Bitcoin and obtaining fiat currency, you can choose to sell fiat currency in C2C trading, set the payment method (Alipay or bank card, etc.), and wait for the buyer to transfer the money before releasing the coins.

Note: In C2C trading, whether buying or selling, both parties must comply with platform rules and use their real names for transactions.

Withdrawing RMB

Summary
The process of purchasing Bitcoin with RMB through an exchange is not complicated. As long as you choose the right trading platform, complete account registration, deposit RMB, purchase Bitcoin, and withdraw, you can easily enter the Bitcoin market. Although the Bitcoin market has great potential, investors should approach it rationally, manage risks, and ensure the safety of their funds. I hope this article helps you successfully master the entire process of purchasing Bitcoin through exchanges.