How to buy Bitcoin
Feb 27, 2024 am 09:50 AMThere are three common ways to purchase Bitcoin: exchange purchase, ATM purchase and P2P purchase: 1. Binance, Ouyi, Huobi and other trading platforms: register an account, complete identity authentication, and add a bank card or credit card to buy Bitcoin; 2. Buy Bitcoin at designated Bitcoin ATMs; 3. Buy Bitcoin through P2P trading websites, such as LocalBitcoins, Paxful, etc.
The most common ways to purchase Bitcoin are exchange purchase, ATM purchase and P2P purchase
1. Exchange purchase
There are currently many trading platforms on the market where you can buy Bitcoin, such as Binance, Oyi, Huobi, etc. The steps to buy Bitcoin are usually: register an account, complete identity authentication, add a bank or credit card, and buy Bitcoin. It should be noted that different trading platforms may have different handling fees and purchase restrictions, which need to be understood carefully.
2. ATM purchase
Currently, many countries can purchase Bitcoin at designated Bitcoin ATM machines. The steps to buy Bitcoin are usually: scan the QR code, insert cash, and confirm the purchase. It should be noted that buying Bitcoin at ATMs usually has higher fees.
3. P2P purchase
In addition to trading platforms and ATM machines, you can also purchase Bitcoin through P2P trading websites. Such as LocalBitcoins, Paxful, etc. This approach is more decentralized, but also carries risks. It should be noted that in P2P transactions, stay away from sellers with poor reviews and transactions with excessive transaction amounts.
The tutorial for buying Bitcoin on Ouyi Exchange is as follows:
1. Open the official website of Ouyi OKX Exchange (investors without an account can click here to register an account for trading), select your mobile phone number Register and enter your mobile phone number to receive the blind box (registration using email requires mobile phone number verification, it is recommended to use mobile phone number to register)
2. Input the digital verification received by the mobile phone The verification code is valid within 10 minutes. Please fill in the
# in time. 3. Select the corresponding country/region according to your location
4. Users can set a password according to the prompts to ensure account security
5. After logging in to the account, find the "User Center" icon on the homepage and enter the identity Authentication page
#6. Different levels of authentication can be carried out according to different needs (note: video authentication needs to be operated on the APP)
6. Click "Trading" - "Basic Trading" on the homepage to enter the trading page
8. Enter BTC in the search box and select the BTC/USDT trading pair , you can see the real-time price of BTC
9. Enter the quantity of BTC to sell, and click Sell BTC to complete the selling operation
Purchasing Bitcoin is relatively simple, but it should be noted that before purchasing Bitcoin or other cryptocurrencies, you must first have a certain understanding of the currency and adjust your investment strategy based on market information. In addition, purchasing Bitcoin on a trading platform requires a series of security certifications such as identity authentication. These certifications can also increase the security of the account itself, but you must choose a formal and reliable exchange, and you also need to be careful when purchasing Bitcoin. Choosing a well-known exchange can effectively avoid the risk of running away and protect crypto assets.
The above is the detailed content of How to buy Bitcoin. For more information, please follow other related articles on the PHP Chinese website!

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Yes, you can get USDT for free in the following 5 ways: 1. Participate in airdrop tasks on mainstream exchanges, such as registering and giving away, completing novice tasks, and inviting friends to get rewards; 2. Join the blockchain project community and obtain airdrops through Web3 social platform or Twitter/Discord interaction; 3. Participate in the "test network" activity, register the test chain address and simulate the use of DApp to get incentives; 4. Complete tasks on the cryptocurrency navigation platform to receive novice gift packages, participate in sign-in, lottery and other activities; 5. Interact with the content creation and community, and publish original content to obtain USDT rewards from the project party. At the same time, you need to pay attention to security risks, do not fill in private keys, do not believe in scams, and choose mainstream platforms to participate.

USDT is not a scam, but there are risks. 1. Tether provides liquidity in the crypto market by issuing USDT, a stablecoin anchored by the US dollar; 2. The company's background is related to Bitfinex, and has been fined for audit issues but has increased transparency; 3. The reserve assets are mainly US Treasury bonds rather than pure cash, and there are certain financial risks; 4. Face risks such as insufficient audit frequency, centralized control and compliance restrictions; 5. The USDT market is highly accepted, but trust needs to be based on continuous disclosure and compliance operations. Overall, USDT is trustworthy but does not equal zero risk, and users should be cautious.

The duration of the airdrop dividend is uncertain, but the LayerZero, StarkNet and ZK ecosystems still have long-term value. 1. LayerZero achieves cross-chain interoperability through lightweight protocols; 2. StarkNet provides efficient and low-cost Ethereum L2 expansion solutions based on ZK-STARKs technology; 3. ZK ecosystem (such as zkSync, Scroll, etc.) expands the application of zero-knowledge proof in scaling and privacy protection; 4. Participation methods include the use of bridging tools, interactive DApps, participating test networks, pledged assets, etc., aiming to experience the next generation of blockchain infrastructure in advance and strive for potential airdrop opportunities.

To transfer USDT to the exchange for transactions, you must first confirm that the chain type matches, the address is correct, and complete real-name authentication. 1. Register and authenticate the mainstream exchange account with real name; 2. Confirm that the wallet is consistent with the USDT chain type of the exchange (such as TRC20); 3. Obtain the recharge address of the corresponding chain on the exchange and copy it accurately; 4. Initiate transfers from the wallet and pay the corresponding handling fee; 5. After arrival, you can trade in the spot or contract market; 6. Pay attention to checking the address, avoid transferring to the contract address, and give priority to low-processing networks. The entire process is usually completed in minutes, ensuring operational safety is key.

Is DAI suitable for long-term holding? The answer depends on individual needs and risk preferences. 1. DAI is a decentralized stablecoin, generated by excessive collateral for crypto assets, suitable for users who pursue censorship resistance and transparency; 2. Its stability is slightly inferior to USDC, and may experience slight deansal due to collateral fluctuations; 3. Applicable to lending, pledge and governance scenarios in the DeFi ecosystem; 4. Pay attention to the upgrade and governance risks of MakerDAO system. If you pursue high stability and compliance guarantees, it is recommended to choose USDC; if you attach importance to the concept of decentralization and actively participate in DeFi applications, DAI has long-term value. The combination of the two can also improve the security and flexibility of asset allocation.

DAI is suitable for users who attach importance to the concept of decentralization, actively participate in the DeFi ecosystem, need cross-chain asset liquidity, and pursue asset transparency and autonomy. 1. Supporters of the decentralization concept trust smart contracts and community governance; 2. DeFi users can be used for lending, pledge, and liquidity mining; 3. Cross-chain users can achieve flexible transfer of multi-chain assets; 4. Governance participants can influence system decisions through voting. Its main scenarios include decentralized lending, asset hedging, liquidity mining, cross-border payments and community governance. At the same time, it is necessary to pay attention to system risks, mortgage fluctuations risks and technical threshold issues.

Ordinary investors can discover potential tokens by tracking "smart money", which are high-profit addresses, and paying attention to their trends can provide leading indicators. 1. Use tools such as Nansen and Arkham Intelligence to analyze the data on the chain to view the buying and holdings of smart money; 2. Use Dune Analytics to obtain community-created dashboards to monitor the flow of funds; 3. Follow platforms such as Lookonchain to obtain real-time intelligence. Recently, Cangming Money is planning to re-polize LRT track, DePIN project, modular ecosystem and RWA protocol. For example, a certain LRT protocol has obtained a large amount of early deposits, a certain DePIN project has been accumulated continuously, a certain game public chain has been supported by the industry treasury, and a certain RWA protocol has attracted institutions to enter.

USDT is not suitable as a traditional value-added asset investment, but can be used as an instrumental asset to participate in financial management. 1. The USDT price is anchored to the US dollar and does not have room for appreciation. It is mainly suitable for trading, payment and risk aversion; 2. Suitable for risk aversion investors, arbitrage traders and investors waiting for entry opportunities; 3. Stable returns can be obtained through DeFi pledge, CeFi currency deposit, liquidity provision, etc.; 4. Be wary of centralized risks, regulatory changes and counterfeit currency risks; 5. In summary, USDT is a good risk aversion and transitional asset. If you pursue stable returns, it should be combined with its use in financial management scenarios, rather than expecting its own appreciation.