Bitcoin Breaks $100,000 to Set a New Historical High! A Decade-Long Myth of Tenfold Returns Can Only Be Written by Blockchain#
You may have heard countless tales of sudden wealth and are eager to jump in but don't know where to start: Can it be traded domestically? Does Alipay or WeChat support it? How much should you buy for the first time? How to cash out profits? Don't worry! This comprehensive guide will walk you through the process step by step, making it easy for even an 80-year-old to understand.
Table of Contents#
- Master the Full Process of Buying Bitcoin in Three Minutes
- Full Analysis of Bitcoin Investment Return Expectations
- Horizontal Evaluation of Mainstream Exchanges
- Practical Guide to Buying Coins with RMB
- Judgment on the Timing of Entry in 2024
- Strategies for High Prices
- Interpretation of Policy Compliance
- Asset Security Guide
- Full Process of Cashing Out Revealed
How to Buy Bitcoin in Three Steps? {#how-to-buy-bitcoin-in-three-steps}#
Step One: Selecting an Exchange#
Currently, there are only four major platforms that operate legally and support users from mainland China:
- OKX (Official Website): Direct connection from mainland without a VPN, supports Alipay/WeChat
- Binance (Registration Link): Requires a VPN, the largest trading depth globally
- Bitget (Quick Registration): Preferred for contract trading, generous benefits for newcomers
- Gate (Registration Channel): Established exchange with a full range of altcoins
Policy Interpretation: According to the judicial interpretation of the People's Court Daily on December 7, 2024, virtual currencies have been recognized as having commodity attributes, and personal holding and trading are completely legal. Exchanges ensure compliance through KYC real-name authentication (ID card + facial recognition), and fund flows are monitored by the central bank.
Step Two: Account Registration and Verification#
Taking OKX as an example:
- Click on the Registration Link and fill in your phone/email
- Complete L1 basic verification (front and back of ID card)
- Pass L2 advanced verification (facial recognition)
- Activate a 20% fee discount + $600 newcomer gift package
Multi-Platform Registration Suggestions:
- Apple users need to switch to an overseas Apple ID to download the app
- Android users can directly download the installation package from the official website
- If you encounter a security prompt, choose "Continue Installation"
Step Three: Practical Steps for Buying with Fiat Currency#
- Log in to the OKX app and click on [Quick Buy]
- Select USDT (the universal stablecoin for cryptocurrencies)
- Enter the purchase amount (supports purchases starting from 10 yuan)
- Choose Alipay/WeChat/bank card for payment
- Confirm the order to complete the fiat currency exchange
Investment Returns and Risk Management {#can-you-make-money-buying-bitcoin-how-big-are-the-expected-returns}#
Historical Return Performance#
- 2013 $100 → 2024 $100,000 (1000 times)
- Annual compound growth rate reaches 114%
- Maximum drawdown record: 84% drop in 2018
Investment Strategy Recommendations#
- Dollar-cost averaging strategy: Buy a fixed amount every month
- Pyramid accumulation: Double the purchase every 20% drop
- Profit-taking plan: Gradually reduce positions at a 50% increase
Exchange Security Guide {#is-it-safe-to-buy-bitcoin-will-it-run-away-how-to-store-it}#
Risk Control Measures#
- Cold wallet storage: 95% of assets stored offline
- Insurance fund: Binance has a $1 billion risk reserve
- Multi-signature: 3/5 executive keys required for joint operations
Asset Custody Solutions#
- Small assets: Stored on exchanges for convenience
- Large holdings: Transferred to Ledger/Trezor hardware wallets
- Diversified storage: Allocate positions across different exchanges
Full Process of Cashing Out {#is-it-troublesome-to-cash-out-in-the-crypto-world}#
Compliance Cash-Out Steps#
- Select [C2C Trading] on the exchange
- Filter certified merchants (choose top 10 by transaction volume)
- Enter the cash-out amount to match orders
- Provide payment account information
- Release digital currency after confirming receipt
Test Data: In Q1 2024, OKX had a cash-out success rate of 98.7%, with an average arrival time of 8 minutes and 23 seconds, and the maximum single cash-out record was ¥2,800,000.
Exclusive Benefits for Newcomers#
- OKX Limited-Time Blind Box: Register Now
- Binance $100 Bonus: Claim Here
- Bitget Contract Experience Fund: Click to Get
Further Reading#
- 2025 Global Top Ten Exchanges Authoritative Ranking
- The Rise and Fall of the Crypto World: From Millions to Debt and Rebirth
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