

How do newbies start trading altcoins? Detailed buying and selling steps and safety tips
Jul 22, 2025 pm 08:27 PMHow do newbies start trading altcoins? Detailed buying and selling steps and safety tips
1. Preparation stage: Understand basic concepts and tools
- Understand altcoins: Altcoins are cryptocurrencies other than Bitcoin, with different technical characteristics and application scenarios.
- Choose a safe wallet: It is recommended to use the wallets that are included in the centralized exchange in the early stage, and consider self-custodial wallets (such as MetaMask and Trust Wallet) in the later stage.
- Choose a formal exchange: platforms such as OKX and Binance that support multiple altcoin trading.
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Binance
Direct to the official website:
Android installation package download:
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Ouyi OKX ?
Direct to the official website:
Android installation package download:
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Huobi Huobi?
Direct to the official website:
Android installation package download:
2. Account registration and identity authentication
- Visit the official website of the selected exchange, register an account and set a strong password.
- Complete real-name authentication (KYC) to ensure that the account has complete transaction permissions and cash withdrawal limit.
3. Recharge funds
- Transfer funds to the account through legal payment methods supported by the exchange (such as fiat currency channels or on-chain recharge).
- If you use the fiat currency deposit channel, you need to pay attention to the exchange rate and arrival time.
4. Start trading altcoins
- Select the currency trading area on the exchange.
- Search for target altcoins (such as ALT/USDT) and enter the trading page.
- Enter the purchase quantity and price, click "Buy" to order to complete the transaction.
- When selling altcoins, choose the "sell" operation.
5. Safety tips and fraud prevention suggestions
- Enable two-factor verification: such as Google Authenticator or SMS verification to improve account security.
- Pay attention to phishing websites and fake apps: always operate through the official website entrance to avoid clicking on unfamiliar links.
- Don't reveal mnemonics or private keys: Anyone who asks you for a private key can be a liar.
- Small trial and error, and buying in batches: At the beginning stage, you should avoid heavy investment in a single project, and you should rationally diversify your investment.
6. Follow-up management and risk control
- Check the position status regularly and pay attention to the development of on-chain projects and market trends.
- Set up a stop-profit and stop-loss mechanism to prevent severe market fluctuations from causing capital losses.
Summarize
Novice to participate in altcoin transactions must start with a safe and compliant platform, and gradually improve risk identification capabilities after mastering the basic trading process. Investment should be cautious, and it is recommended to gradually establish your own asset portfolio while having full understanding.
The above is the detailed content of How do newbies start trading altcoins? Detailed buying and selling steps and safety tips. For more information, please follow other related articles on the PHP Chinese website!

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