vc Page 23

The recent blockbuster news that XUC has been launched in the OKEX fiat currency trading area has really become popular in the currency circle, which brings convenience to investors to quickly trade XUC! At the same time, this good news has also contributed to the market trend of XUC! The XUC index of OKEX-fiat currency trading area-point-to-point trading soared by 187% in 24 hours.

Before logging into the legal currency trading area, the XUC/BTC currency transaction fell at 0.000539 BTC, which was a good news for XUC. It peaked at 0.00078669 BTC, an increase of 45%. Currently, the total 24-hour trading volume of XUC on OKEX currency trading pairs XUC/BTC, XUC/ETH, and XUC/USDT reaches a maximum of 200,000 XUC. As of press time, it was around 140,000 XUC, and the price had stabilized to 0.00074486 BTC, an increase of 37% in 24 hours!

The rising trend of XUC has attracted much attention. Many people are curious. According to the convention, the legal currency trading area of ​​OKEX platform provides mainstream currencies (BTC/LTC/ETH/ETC/BCH/USDT). So who is XUC who was selected as a "new member" of the legal currency trading area? Maybe we can know from the following introduction.

XUC is a token issued by the Exchange Alliance. It has opened currency trading functions on world-renowned exchanges such as HitBTC/OKEX/CEX. The popularity of XUC is mainly due to the exchange alliance project behind it. The Exchange Alliance is the world's first decentralized trading network that does not require credit endorsement. The project itself was born to break through the difficulties in the application of blockchain technology.

Vision and Mission of the Exchange Alliance

Born in 2017, the Exchange Alliance aims to enable users to trade between different exchanges/different digital assets through seamless connections between digital assets, and to solve the current situation of separation between exchanges and users caused by differences in region, legal currency, language, etc. The exchange alliance builds a decentralized exchange trading network that does not require credit endorsement to connect digital asset exchanges around the world and achieve a win-win situation for exchanges, users, and exchange alliances.

Exchange Alliance Technology Model

The exchange alliance opens up and connects digital asset exchanges and proposes the value proposition of a decentralized trading network. The biggest difference between the exchange alliance and Ripple is that the exchange alliance does not require both parties to trust each other when value exchange occurs. This allows any exchange to join the alliance. The exchange alliance does not even require an intermediary such as Ripple to realize value transmission (this method has been proven to be ineffective in practice).

Through the decentralized exchange solution, the exchange alliance can robustly avoid the damage caused by single points of failure, reduce the possibility of many malicious attacks, and at the same time avoid the risks caused by geopolitics. Unlike existing "on-chain" decentralized exchange solutions (such as 0x, ethdelta and altcoin.io), transactions that occur on the exchange alliance are instant, which solves the biggest pain point of all current decentralized trading technology solutions. Current decentralized transactions are not only expensive but also slow (for example, each Bitcoin transaction requires a $5 handling fee and transfer confirmation times are up to 1 hour). Such technology cannot be applied on a large scale. In addition, the exchange alliance supports cross-chain transactions, which means that transactions not only occur on a separate blockchain (the above-mentioned 0x and etherdelta only support digital currency transactions on the Ethereum blockchain).

The core technologies used by the exchange alliance include payment channels, atomic swaps and order book integration. Payment channels are a mechanism introduced by the Lightning Network for instant, off-chain digital asset transactions. In fact, the mutual conversion of two digital assets is achieved through "atomic swaps", which occur directly in the payment channel. In the exchange consortium, payment channels use slightly modified HTLCs. To put it simply, taking the BTC/LTC transaction as an example, real Bitcoin flows from exchange A to exchange B in the Bitcoin payment channel, while real Litecoin flows from exchange B to exchange A in the Litecoin payment channel. HTLCs guarantee the atomicity of asset swaps: either all succeed or the transaction fails. The exchange alliance collects order information through the corresponding payment channels (for example, BTC/LTC transaction orders will only be broadcast in the BTC and LTC payment channels). This method ensures the efficiency and decentralization of the system. The order book should be shared with all alliance members in the network with minimal latency. Each node in the exchange alliance will continuously monitor the trading order books of different digital assets.

To sum up, the exchange alliance will strive to solve the pain points in the development of the blockchain industry through technological innovation. It is not surprising that XUC was selected into the OKEX legal currency trading area! What is more worth mentioning is that XUC has a clear and long-term plan for value discovery: functionally, XUC will serve as a reward mechanism. Rewards are provided to developers of the exchange alliance open source community, service nodes of the exchange alliance network, traders, and exchanges that join the alliance; in terms of value, the current circulation of XUC is 65 million, most of which have a 10-year lock-up period, and most will be destroyed in the future, so XUC is scarce and deflationary.

January is cold and windy, and the currency market is also experiencing ups and downs. Some people cry and some laugh, but the industry continues, and excellent projects and tokens are also emerging. How to find a currency worth sticking to in the hustle and bustle? Users need not only luck, but also wisdom. The essence of investment is to invest in the future, and XUC represents the future era of exchange interconnection. The future is here, are you ready?

C. Exclusive ownership

Regardless of whether it is sold or used for payment, a private key is required, and this key can be isolated and stored in any storage medium, so that no one can obtain it except the user himself.

D. Lower transaction costs

It is free to send Bitcoin over the network, but there will ultimately be a transaction fee of about 1 bit cent per transaction to ensure faster execution.

E. No hidden costs

As a means of payment from one end to the other, Bitcoin does not have cumbersome limits and procedures. When we know the other party's Bitcoin address, we can make the payment.

F. Cross-platform mining

As miners, we can mine the computing power of different hardware on numerous platforms to earn Bitcoins. Preparation

To start mining, we need at least some necessary preparations, otherwise you will end up losing more than you gain. You need to prepare a graphics card, Bitcoin wallet, mining software, etc. Since the GPU has considerable computing power, the graphics card is a good "mining" device. The best graphics card is an AMD ATI graphics card. N cards are not suitable and the speed is not as good as A cards. Of course, the higher the grade, the better. Find a mining pool

To start mining, you must have a mining pool that is easy to operate and has stable output. Its function is to subdivide data packets for each terminal. It can use sophisticated algorithms to pay the corresponding number of Bitcoins in proportion to the data packets calculated by the terminal. Here we recommend the foreign BTC Guild mining pool. Although there are many domestic mining pools now, we will not make a judgment because there is no specific research. However, I would like to remind everyone that when choosing, you must compare the output and income gaps of various mining pools.

Let’s take the www.btcguild.com mining pool as an example to teach you the specific registration process. The reason why I recommend this mining pool is that it is easier to use than newbies. After opening the homepage, register an account directly for free (as shown below). After registration and login, some necessary settings are required, especially the email address must be filled in. Then there is the Bitcoin e-wallet address. If there is no fixed e-wallet, then leave it blank for now. After mining a certain number of Bitcoins, set a one-time wallet address and export it. After exporting, update the wallet address in time.

Bitcoin mining pool

Then click the Workers item in the main page navigation to set the miner account, as shown in the figure below.

Download Bitcoin Miner (Software)

In fact, there are many kinds of this kind of miner. As a newcomer, we recommend GUIminer, which is small and easy to use. It can support multiple computing modes such as CPU, OepnCL, CUDA, etc., so that your equipment, including CPU and graphics card, can maximize performance and obtain Bitcoin relatively quickly. You can download it from the official website. It is a green software. The download address is: http://guiminer.org/. Click "Download" to download.

Download Bitcoin Miner

Set up mining software

GUIMiner is a green software. After the installation is completed, we can set the language first to make further settings more convenient. After the interface is changed to Chinese, it is very simple. Then create a new miner. If you have an A card, use opencl. If you have an N card, use the CUDA miner. Next, you need to set up the server, username, password, equipment, etc. for the miner. Generally, just choose a server with a better network from the BTC guild series. The username and password are the ones we set before. For equipment, just choose GPU, not CPU. If you use CPU to mine, you won't even earn back the electricity bill. It doesn't matter whether the core is checked or not. After the above settings are completed, you can officially start mining. . . . . .

Set up the miner

Bitcoin mining begins

After we confirm that the settings are correct, click the "Start Mining" button to start mining Bitcoin. The graphics card will soon enter full-speed operation. The temperature will increase and the fan speed will increase. You can monitor the status through GPU-Z or the graphics card driver. It is worth noting that since only the graphics card is running at full load, the CPU load is only in single digits at this time, so it does not affect your Internet access, office work and other lightweight applications that do not involve 3D mode at all. But continuing to play 3D games is obviously not possible.

View Miner Monitoring GPU

The computing power displayed by the GUIMiner miner is only a theoretical value. The actual mining output of Bitcoin. We need to log in to the mining pool website, which is BTC Guild, to query our account information. I hope your efforts will be generously rewarded.

Monitor mining machine computing power

How to convert Bitcoin into RMB after mining it?

This may be the question that newcomers are most concerned about. Now let's assume that you have mined a few Bitcoins. These Bitcoins naturally exist on the BTC Guild, a foreigner's website, and cannot be traded or exchanged for cash for the time being. How can I exchange it for cash? All we have to do is to register an account on a trading platform. Since we are in China, we recommend the Bitcoin China Trading Platform, website: btcchina.com. The platform you choose is very important, because it will store the Bitcoins you have earned through hard work, so you must be as complex as possible when setting the password, and the account information must be true and valid so that it can be easily retrieved if lost.

Bitcoin China Trading Platform

As for how to use the Bitcoin China trading platform? I think the website design is quite good and the functions are clear at a glance. The basic function is to provide the real-time USD/RMB price of Bitcoin. You can buy Bitcoin with RMB, or sell Bitcoin for RMB. In addition, there are RMB recharge (can be paid through a third party, such as Tenpay, Alipay, etc.), and Bitcoin recharge (import the mined Bitcoin to the Bitcoin China trading platform) and withdrawal (export to other Bitcoin e-wallet addresses). Our most commonly used functions are Bitcoin recharge, selling Bitcoin, RMB withdrawal, etc. Let’s focus on the introduction below.

Export Bitcoin from foreigners’ websites

Recently, the People's Bank of China and ten other departments issued the "Notice on Further Preventing and Dealing with the Risks of Speculation in Virtual Currency Transactions" (hereinafter referred to as the "Notice"). The relevant person in charge of the People's Bank of China answered reporters' questions on relevant issues.

Q: What is the background of the "Notice"?

A: In recent years, Bitcoin and other virtual currency trading and speculation activities have become prevalent, disrupting the economic and financial order, breeding money laundering, illegal fund-raising, fraud, pyramid schemes and other illegal and criminal activities, and seriously endangering the property safety of the people. In accordance with the decisions and arrangements of the Party Central Committee and the State Council, the People's Bank of China, together with relevant departments, has issued a series of policies and measures to clarify that virtual currencies do not have the status of legal tender, prohibit financial institutions from conducting and participating in virtual currency-related businesses, clean up and ban domestic virtual currency transactions and token issuance financing platforms, continue to carry out risk warnings and financial consumer education, and achieve positive results. In order to establish a normalized working mechanism and maintain a high-pressure crackdown on virtual currency trading and speculation activities, the People's Bank of China and other departments have drafted the "Notice" based on the new risk situation and summarizing previous work experience.

Q: How does the Notice characterize virtual currencies and related business activities?

A: my country’s regulatory policy on virtual currencies is clear and consistent. The "Notice" once again emphasizes that virtual currencies that are issued by non-monetary authorities, use encryption technology, distributed accounts or similar technologies, and exist in digital form, such as Bitcoin, Ethereum, etc., including so-called stable coins such as Tether, do not have the same legal status as legal tender and cannot be circulated in the market as currency. The "Notice" clearly states that virtual currency-related businesses such as virtual currency exchange, buying and selling of virtual currency as a central counterparty, providing matching services for virtual currency transactions, token issuance and financing, and virtual currency derivatives transactions are all illegal financial activities and are strictly prohibited and resolutely banned in accordance with the law. The provision of services by overseas virtual currency exchanges to residents in my country through the Internet is also an illegal financial activity.

Q: What work measures does the "Notice" propose?

A: First, establish a normalized working mechanism for departmental coordination and central and local linkage. At the central level, ten departments including the People's Bank of China, the Central Cyberspace Administration of China, and the Ministry of Public Security have established a coordination mechanism to coordinate and promote the implementation of the work; at the local level, provincial people's governments have implemented local risk management responsibilities and cracked down on illegal financial activities related to virtual currencies in their jurisdictions in accordance with the law.

The second is to strengthen monitoring and early warning of the risks of speculation in virtual currency transactions. The People's Bank of China and the Central Cyberspace Administration of China have improved the functions of the virtual currency monitoring technology platform to improve the accuracy and efficiency of identifying and discovering virtual currency trading and speculation activities. Financial institutions and non-bank payment institutions have strengthened their monitoring of funds involved in virtual currency transactions. All departments and regions should strengthen the effective connection between online monitoring, offline monitoring, and fund monitoring, and establish information sharing and cross-verification mechanisms.

The third is to build a multi-dimensional and multi-level virtual currency transaction speculation risk prevention and disposal system. The financial management department, the Internet information department, the telecommunications department, the public security department, and the market supervision department have worked closely together to implement comprehensive policies from cutting off payment channels, disposing of relevant websites and mobile applications in accordance with the law, strengthening the registration and advertising management of relevant market entities, and cracking down on relevant illegal financial activities and other illegal and criminal activities in accordance with the law. Relevant industry associations have strengthened member management and policy publicity to prevent and deal with the risks of virtual currency transaction speculation in an all-round way.

Q: What are the follow-up work arrangements?

A: Combating the speculation of virtual currency transactions is an important decision and deployment made by the Party Central Committee and the State Council. It is an inevitable requirement for implementing the people-centered development concept and implementing the country’s overall security concept. All departments and regions will conscientiously implement the various measures proposed in the "Notice" and build a long-term working mechanism with central coordination, local implementation, departmental integration, and joint responsibility. They will always maintain a high-pressure posture, dynamically monitor and handle relevant risks in a timely manner, resolutely curb the trend of speculation in virtual currency transactions, severely crack down on illegal financial activities and illegal and criminal activities related to virtual currency, protect the safety of people's property in accordance with the law, and make every effort to maintain economic and financial order and social stability.

As the crypto market matures, more and more newbies are beginning to focus on how to buy Bitcoin (btc) safely and smoothly in 2026. This article will focus on the common questions of newbies and systematically explain the mainstream purchase channels of Bitcoin, the account registration process and practical steps to help beginners quickly establish a clear understanding and complete their first purchase.

The mainstream way for newbies to buy Bitcoin in 2026

At present, novices participate in Bitcoin transactions mainly through the following methods, among which the exchange method is the most common:

Direct purchase on the exchange: Use legal currency to purchase BTC through a compliant digital asset trading platform. The operation process is clear and suitable for first-time users.

Matching transactions within the platform: Check real-time prices and pending order depths on the exchange, and place orders based on market conditions.

How can newbies quickly complete trading account registration?

In order to facilitate novices to quickly participate in Bitcoin transactions and understand market changes in real time, they can register an account through a mainstream exchange and use the official APP to operate. For example, you can register an account through OKX or Sesame Gate to check the real-time price, transaction depth and capital flow of BTC to help determine the right time to buy.

OKX registration link and download address:

Open Sesame Gate registration link and download address:

Installation Tip: During the installation process, the system may prompt "Allow installation of apps from this source." This is a normal security prompt. It is recommended to click "Allow" or enable the corresponding permissions in "Settings" before continuing the installation.

BTC A step-by-step guide to buying Bitcoin for newbies

When newbies buy Bitcoin, they can follow the following process step by step:

1. Complete the exchange account registration and pass basic identity verification.

2. Enter the fiat currency purchase or quick currency purchase portal and choose to buy BTC.

3. Enter the purchase amount and confirm the current price and transaction information displayed on the platform.

4. After completing the payment, the Bitcoin will be displayed in the account assets.

5. You can continue to pay attention to BTC price changes on the market page and flexibly manage your positions.

Important tips for newbies

Control the investment ratio: It is recommended to start with a small amount for your first participation and gradually become familiar with the transaction process.

Pay attention to market fluctuations: Bitcoin prices fluctuate greatly, avoid frequent operations in emotional markets.

Check the trading depth: Use the exchange’s pending orders and transaction data to help determine the buying rhythm.

Participate in batches: You can buy in batches to balance the impact of short-term price fluctuations.

Brief description of market trends

Against the background of increasing institutional participation and continuous improvement of market mechanisms, Bitcoin still maintains a high degree of market attention. For novice users in 2026, completing standardized operations through mainstream exchanges and gradually participating based on their own risk awareness will help them enter the Bitcoin market more steadily.

As of October 30, 1 Bitcoin is equivalent to approximately RMB 785,000-791,000. The price fluctuates in real time, with the highest price in the past 30 days exceeding RMB 815,000. Purchases can be made through compliant exchanges: first register an account and complete identity verification, add a bank account and other payment methods, search for Bitcoin on the transaction interface, enter the amount and confirm the purchase to complete the transaction. We will introduce it in detail below.

What is Bitcoin? How did Bitcoin appear?

Bitcoin is a decentralized virtual currency that uses blockchain technology to secure transactions and control the generation and management of currency. Bitcoin has become one of the most valuable virtual currencies currently.

Bitcoin and Blockchain Technology – Bitcoin’s transaction records and currency generation are maintained and managed by a public database called the blockchain. Bitcoin transactions and management do not rely on any central organization, but are conducted through a decentralized peer-to-peer network.

The emergence of Bitcoin can be traced back to 2008, when a mysterious person or team using the pseudonym "Satoshi Nakamoto" published a paper titled "Bitcoin: A Peer-to-Peer Electronic Cash System", which introduced a decentralized digital currency system – Bitcoin.

On January 3, 2009, the first Bitcoin block was mined – Block 0, also known as the "Genesis Block", and contained the following text: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks." This text is the title of an article in The Times about the British government's failure to stimulate the economy after 2007-08. Most people think this is to prove that the block was produced after this date, but some think it is to express some political point.

How many yuan is one Bitcoin equal to?

For the recent btc market, you can view this link

As of around 15:00 on October 30, 2025, there are differences in the price of 1 Bitcoin against the RMB displayed on different platforms, and the mainstream quotations are concentrated in the range of 780,000 to 791,000 yuan.

Among them, XE platform data shows that 1 Bitcoin is equivalent to approximately 790,511 yuan, the OKEx trading platform quoted price is 784,038.90 yuan, a decrease of 2.37% within 24 hours, and Trading Economics shows that the exchange rate is 785,365 yuan, an increase of 0.52% from the previous day.

This price difference is due to factors such as platform liquidity, transaction fees, and real-time market fluctuations. Judging from the recent trend, the price of Bitcoin in the past 30 days has reached a high of 815,410 yuan and a low of 767,170 yuan, with a volatility of 1.41%. The price fluctuations within 24 hours are more obvious. The OKEx platform shows a volatility of 5.3%, with the highest reaching 807,165.96 yuan and the lowest falling to 766,548.53 yuan. In the long term, the price of Bitcoin has increased significantly, with an appreciation of more than 52% in the past year, reflecting its characteristics of high volatility and long-term appreciation potential.

The most complete historical price breakdown of Bitcoin since its birth. The advantages and disadvantages of Bitcoin. Bitcoin exchanges.

Binance (official registration, official download) is the world's largest cryptocurrency exchange, with the largest market share in contract and spot markets. It supports perpetual contracts and delivery contracts, with a maximum leverage of up to 125 times.

OKX (official registration official download) stands out for its rich futures products and Web3 integration. In addition to perpetual futures, OKX also supports options.

Bybit (official registration official download) supports futures and options, has a user-friendly interface, and does not require initial KYC.

Bitget (official registration, official download) is strong in copy trading, and its interface is optimized for Asian traders.

BingX is a beginner-friendly exchange that features social trading and KOL signals.

KuCoin supports futures on multiple altcoins and memecoins without KYC.

MEXC is known as the "Altcoin Futures Paradise" and requires no KYC.

Gate.io (Official Registration Official Download) stands out with its large number of tokens and futures delivery.

LBank is growing rapidly in Asia and supports futures with a simple interface.

Buy Bitcoin on Binance Exchange 1. Register an account

Visit Binance.com, click the "Register" button, fill in your email or mobile phone number, enter the SMS verification code to complete the verification, then set a security password and click "Next". Complete registration.

Step 1: Enter the Binance official website or open the Binance App (official registration, official download). For Apple devices, use overseas ID to download.

Step 2: Click [Register/Login] on the homepage.

Step 3: Click [Create Binance Account] here below.

Step 4: Here we can use email or mobile phone number to register. We can see the mobile phone number and China’s area code + can also be registered.

Step 5: Here I will use email for demonstration, enter our email here, and then click [Next].

Step 6: At this time, Binance will send a verification code to our email. We will go back to the email to check and then enter it.

Step 7: This time we come to the password creation page. We create a password according to his requirements. The requirement is more than 8 characters, including at least one number and at least one capital letter. Click [Next].

Step 8: At this time, our account is successfully registered. It asks us "Do you have an inviter?" Here we must select "Yes", and then enter A0Y8K980 in the invitation ID. Using this invitation code to register will allow us to permanently enjoy a 20% discount on handling fees in subsequent transactions. We click [Next].

2. Real-name authentication

Step 9: At this time, our Binance account has been successfully registered, and we will jump directly to the identity authentication page. Identity authentication is also very simple. It is nothing more than filling in and confirming our personal information, then uploading the front and back of our ID, and finally performing a face detection. After completing the identity authentication, we can use Binance’s various trading functions.

Step 10: Bind Google Authenticator or Binance Authenticator to enable two-step verification (2FA) to ensure account security

Google Authenticator or Binance Authenticator: These time-based one-time password (TOTP) authenticators are highly recommended. Bind in "Security Settings", scan the QR code or enter the key, and add the generated 6-digit dynamic password to the App. This dynamic code must be entered during sensitive operations such as login and withdrawal.

Step 11: Make sure you have installed the Binance Authenticator APP on your phone and click on it.

Step 12: You will then see a 16-digit key on the screen. Please keep this key in a safe place. If you lose your device, this key will allow you to recover your Binance Authenticator account.

Click and go to the Binance Authenticator app.

Step Thirteen: Paste the 16-digit key or enter it manually. Below you can create a custom name for your account, which is useful when adding multiple accounts to Binance Authenticator. Click [Continue].

Step 14: You will then see a 6-digit code.

Step 15: Return to the Binance APP and verify your setup request using the newly enabled Binance Authenticator. Click

Next step

, enter the 6-digit code from Binance Authenticator, and click.

Step 16: After enabling Binance Authenticator, you will need to enter the verification code when logging into your account, withdrawing funds, etc.

3. Buy USDT fiat currency

Step 1: We open the app home page to add funds

First we need to buy USDT. You can click [Add Funds] on the Binance homepage and click [C2C Transaction].

Step 2: At the top, we select [Self-selected area]. The self-selected area is C2C person-to-person transactions. Select [Buy] and the currency to be purchased is USDT. You can understand USDT as the U.S. dollar in digital currencies. You must use USDT to purchase other digital currencies. Then enter the amount you want to purchase. For example, if I want to buy 1,000 RMB USDT, I would select 1,000 yuan and click [Confirm]. The next step is the payment method. Use whichever method you are used to paying. It supports Alipay, WeChat, bank debit cards and QQ wallet. For example, if I am used to using Alipay, I will check "Alipay" and click [Confirm].

Step 3: The Binance platform will screen merchants that meet the requirements for us. We try to find merchants with high order volume and transaction rate to make purchases. For example, "Dingfeng International" has a transaction volume of 10,000 orders, and its favorable rating is 99.8%. This company is still relatively high. We can buy from this company and click [Buy] at the end.

Step 4: Click [Continue].

Step 5: Enter the amount we want to purchase again and click [Place Order].

Step 6: Then we transfer money to the other party according to the payment method provided by the merchant. After transferring the money, click [Upload Proof of Payment]. Take a screenshot of your payment interface, and then we will wait for the seller to verify receipt of the money and then transfer the coins to us.

Step 7: The USDT we bought will be in the capital account. We click [Assets] in the lower right corner and find "Account". We can see that our funds are in the capital account. You can click "Transfer" here.

Step 8: Transfer our money from the capital account to the spot account, select USDT as the currency, transfer all, and click [Confirm Transfer].

4. Buy Bitcoin

After the fiat currency recharge is successful, select "Spot" on the "Transaction" page, and search and select a Bitcoin trading pair (such as BTC/USDT). Enter the purchase quantity, select the "Buy" button, and complete the transaction.

Since the handling fees for limit order and market order purchasing methods are different, the handling fee for market order will be slightly more expensive than that for limit order. If you are not in a hurry to buy, you can use a limit order to place a pending order to buy.

5. Instant Bitcoin Exchange

In addition to the above purchases through the exchange market, Binance also provides a flash swap method to purchase Bitcoin. This method does not charge a handling fee, but only supports some mainstream currencies. Go to the "Flash Exchange" page in "Transactions" and you can directly exchange fiat currency for Bitcoin without charging a handling fee.

6. Withdraw money and leave the market

If you wish to sell the purchased Bitcoins and exchange them for RMB. Then you only need to sell the Bitcoin into fiat currency (USDT) and sell it in "c2c trading".

Purchase Bitcoin via P2P (C2C) method

Note: Since Bitcoin is a higher-priced currency, the selling limit varies from seller to seller. Before purchasing, please select the price limit that supports the purchase amount. For example, if you want to buy 20,000 yuan, you can choose a merchant that supports the price limit between 10,000 yuan and 40,000 yuan.

How to use Bitcoin?

According to how it is used, Bitcoin can be divided into two types: investment and payment:

How to make money trading Bitcoin?

There are currently 3 ways to make money by trading Bitcoin:

Risks of investing in Bitcoin

There are three common risks of investing in Bitcoin:

Related Questions Is Bitcoin money?

Bitcoin is not money in the traditional sense. Currently, the public generally believes that Bitcoin is a virtual asset. The money we usually call, or legal currency, is actually supported by government power. There is no evidence that any government is using its own government power to prop up Bitcoin as so-called "money."

How much does Bitcoin cost initially?

When Bitcoin was first released in early 2009, the price was 0.

The first transaction that gave Bitcoin a quantifiable value occurred in October 2009, when Martti Malmi, a Finnish computer science student, sold 5,050 Bitcoins for $5.02, with each Bitcoin worth $0.0009. Based on the Bitcoin price of US$29,000 on May 4, 2023, the current value of these Bitcoins is more than US$140 million, approximately NT$4.5 billion.

On May 22, 2010, Bitcoin was used for the first time in the transaction of real commodities. Laszlo Hanyecz from Florida posted on the bitcointalk.org forum asking if anyone would order him two pizzas for 10,000 Bitcoins. After purchasing two pizzas worth approximately $41 from Papa John's, the price per Bitcoin reached $0.0041. Since then, May 22 has been known as "Bitcoin Pizza Day", and many Bitcoin enthusiasts and companies celebrate this holiday every year. Calculated based on the Bitcoin price of US$95,000 on December 29, 2024, these 10,000 Bitcoins are currently worth approximately US$950 million, or approximately NT$28.5 billion.

Is investing in Bitcoin safe?

Like all other investments, Bitcoin's high returns come with high risks. Taking the following 3 risk prevention measures can help you reduce the risk of investing in Bitcoin:

So far this article is about how much RMB is one Bitcoin equal to in 2025? How to buy? This is the introduction of the article. For more detailed introduction to Bitcoin, please search Script House’s previous articles or continue to browse the relevant articles below. I hope you will support Script House in the future!

Since the concept of Bitcoin came out in 2009, Bitcoin has been growing wildly and unstoppably. As Bitcoin becomes more and more valuable, please see the article "How much is the exchange rate of Bitcoin for RMB? I didn't expect its market price to be so 6". Even Aunt Wang, who dances in the square, is asking how to get Bitcoin. Today, we have collected 6 ways to get Bitcoin for free for your reference.

Introduction to how to obtain Bitcoin

How to get Bitcoin? Strictly speaking, there are 6 ways to get it for free. The details are as follows:

1. Mining

Participating in a mining pool is the best way to obtain Bitcoin. Currently, the price of a Bitcoin mining machine ranges from two to three hundred yuan to 200,000 yuan. It does not require high performance like a computer, let alone electricity bills.

2. Earn Bitcoin through work

At present, many countries have recognized the existence of Bitcoin. For example, some foreign companies have tried to use Bitcoin to pay employees’ salaries;

3. Bitcoin Game

This method of obtaining BTC coins is suitable for those who are interested in it. Games such as Game of Birds have developed a Bitcoin reward function;

4. Use Bitcoin to earn interest

Earning interest on Bitcoin is a way to obtain Bitcoin, but investors need to pay attention because if BTC coins are sent out of your wallet, it is like spilled water, which is difficult to recover. Don't expect others to be kind enough to return it to you. Therefore, you must lend Bitcoins with guarantee, you can choose P2P lending websites, such as BtcJam, Bitbond, etc.;

5. Rewards

How to get Bitcoin? Bitcoin tipping is also a good way. There is a company on the market called ChangeTip, which allows users to tip Bitcoin on social media;

6. Bitcoin website

To obtain Bitcoin on the Bitcoin website, you need to complete a small task. The amount of Bitcoin rewarded is in bits. Usually the reward is between 0.000001 and 0.00001. After you obtain multiple tasks, the website will exchange it for a certain number of BTC coins and send them to the user.

Financial Associated Press, December 25 (Editor Huang Junzhi) Bitcoin has been unable to break through the US$100,000 mark since earlier this month, and even fell below US$93,000 after the Federal Reserve meeting last week. Fed officials expect only two interest rate cuts next year, significantly lower than the previous forecast of four.

However, history suggests that Bitcoin could hit a new all-time high by around mid-January, according to crypto research firm K33. Currently, Bitcoin prices have rebounded and are hovering near $98,000.

Vetle Lunde, director of research at K33, said that based on data from the last three cycles, the average duration for Bitcoin from the first all-time high to the last all-time high in each cycle is 318 days.

In the current cycle, Bitcoin hit an all-time high on March 5, and if the average duration of previous cycles is anything to go by, investors may see the cryptocurrency reach a new, final peak for this cycle on January 17, 2025.

In other words, if Bitcoin prices do reach a cycle peak in mid-January, this date will be close to Donald Trump’s U.S. presidential inauguration on January 20.

"Trump's election was the catalyst behind the strong rebound in the fourth quarter, and Trump's inauguration would be the natural end to that momentum given that the political process is likely to take time to materialize," Lunde wrote in the latest report.

He further added that based on previous cycle peak price estimates, Bitcoin may peak at $146,000 in this cycle. If the previous market value is used as a reference, Bitcoin may even reach a top of $212,500 during this cycle.

Crypto analysts typically divide Bitcoin’s price performance into four-year cycles, with each cycle going through four phases, including breakout, hype, correction, and accumulation. These cycles are primarily based on the Bitcoin halving schedule, a mechanism to control the supply of the cryptocurrency where the rewards for Bitcoin mining are cut in half. Halvings occur approximately every four years, with the most recent one occurring in April of this year.

To be sure, Bitcoin’s history as an asset is relatively short, as it was only launched in 2009. With such a small sample size, its historical price data may not be meaningful enough, and past performance is not always indicative of future performance.

As Lunde said, in fact, as the impact of halving weakens, Bitcoin’s cyclical impact becomes less obvious.

Bitcoin is a decentralized digital currency that allows anyone to send or receive value peer-to-peer online without relying on banks or payment institutions. Since its inception in 2009, Bitcoin has evolved from a niche experiment to a global financial phenomenon. This article will take you from entry to advanced to understand the complete guide to Bitcoin in 2025

Main points

What is Bitcoin?

– Essentially, Bitcoin is a decentralized digital currency that allows anyone to send or receive value peer-to-peer online without relying on a bank or payment institution.

Since its inception in 2009, Bitcoin has evolved from a niche experiment to a global financial phenomenon, attracting strong interest in Bitcoin Overview, BTC price fluctuations, and trading tools such as spot BTC/USDT and BTC contracts.

This guide will take you through the history, workings, and practical applications of Bitcoin while demonstrating how to trade spot, stake your position with XT Earn, and keep your coins safe. Whether you are a newbie or an experienced trader, you can deepen your understanding of the Bitcoin ecosystem.

Bitcoin History and Evolution

The story of Bitcoin began in October 2008, when the founder of the pseudonym Satoshi Nakamoto released the "Bitcoin White Paper", proposing a peer-to-peer electronic cash system. By January 2009, the genesis block was mined, marking the birth of the decentralized ledger. Early users could exchange it for Bitcoin with just a few cents; by the end of 2010, a programmer bought two pizzas with 10,000 BTC, vividly reflecting its value at the time.

Image Credit: Bitcoin Whitepaper (Bitcoin.org)

Over the next decade, Bitcoin's market capitalization continued to soar and hit BTC price milestones at multiple stages: breaking $1 for the first time in February 2011, exceeding $1,000 at the end of 2013, and once approaching $20,000 in December 2017. Each bull run has fueled popular interest and spawned thousands of altcoins. From 2020 to 2021, institutional investors have made plans to include BTC in company balance sheets. To this day, Bitcoin’s journey is a testament to the power of decentralized innovation and the appeal of censorship-resistant assets.

Image Credit: TradingView

How Bitcoin works

1. Blockchain Basics

Bitcoin runs on a decentralized ledger called a blockchain, and every transaction is recorded sequentially in blocks. Nodes around the world hold copies of the ledger, ensuring that the network is transparent and cannot be tampered with.

2. Mining and consensus

Mining nodes compete for accounting rights by solving complex cryptographic puzzles (proof of work). The first node to find a valid solution will package the new block onto the chain and receive BTC block rewards and transaction fees. Such a consensus mechanism can prevent fraud and double spending.

3. Detailed explanation of transaction process

Image Credit: T&H Consulting

Bitcoin vs. other cryptocurrencies

Bitcoin started the cryptocurrency wave, but countless “altcoins” have emerged since then. The fundamental difference between Bitcoin and projects such as Ethereum, Cardano, Solana, etc. is the design goals: Bitcoin focuses on censorship-resistant digital cash and store of value, while many altcoins place more emphasis on smart contracts, scalability, or specific application scenarios.

Altcoins often experiment with different consensus algorithms (such as proof of stake) to improve energy efficiency, or introduce programmable features to support decentralized applications. Despite innovation, Bitcoin remains dominant due to first-mover advantage, decades of security of computing power, and the world's largest network of users and developers.

The addition of institutions further consolidates Bitcoin’s leading position. Many investors view it as “digital gold”, a hedge against inflation and geopolitical risks. In comparison, altcoins may have higher growth potential, but they also face greater technical and compliance risks. Altogether, altcoins have enriched the ecosystem, and Bitcoin remains the flagship of the crypto space thanks to its proven track record and brand power.

Bitcoin Trading (BTC)

spot trading

In the spot market, you are buying and selling actual BTC. Common trading pairs include BTC/USDT, which enables instant settlement of stablecoins and Bitcoin.

Contracts and Derivatives

BTC contracts allow you to bet on Bitcoin price movements without actually holding a physical stake. Leverage can magnify returns and increase risks, so strict risk management is required. Popular contracts include BTC/USDT and BTC/USD.

“Stake” BTC with XT Earn

While Bitcoin itself is not a proof-of-stake token, lending platforms like XT Earn offer yield products commonly known as BTC staking. You can lend BTC to institutional borrowers and earn interest under transparent terms.

Bitcoin practical use cases

Beyond speculation, Bitcoin also plays a role in multiple real-life scenarios. First, it serves as a means of storing value, similar to digital gold, helping people protect their wealth in areas with devalued legal currencies or strict capital controls.

Secondly, Bitcoin enables cross-border remittances. Traditional remittances are expensive and slow. Using BTC and the USDT channel, international transfers can be completed in less than one hour at a lower cost.

Third, Bitcoin supports peer-to-peer payments. Merchants and individuals can collect payments through QR codes and use the Lightning network to achieve an almost instant and low-cost experience of small-amount payments.

Fourth, Bitcoin drives decentralized finance experiments. Wrapped BTC (WBTC) and other tokenization methods allow Bitcoin to flow into the smart contract ecosystem and support various DeFi applications such as lending and revenue farming.

Finally, Bitcoin provides a trust-minimized diversification solution for investment portfolios. Its low correlation with traditional assets makes it an attractive hedging tool. Whether it is preserving value, making payments, or entering DeFi, Bitcoin continues to expand global financial inclusion.

Image Credit: B2BInPay

How to buy Bitcoin?

The Bitcoin trading tutorial mainly includes the steps of registering and verifying an account, recharging funds, purchasing Bitcoins, setting a target selling price, selling Bitcoins, and withdrawing funds. Users must pay attention to protecting account security during operation.

First open the official website of OKX Exchange (official registration). After entering, we first need to register with our email and mobile phone number.

Ouyi can directly use the Chinese mobile phone number, which is +86, to register. First, we select the country and region, select "China" as the place of residence, click to agree to create an account, agree to Ouyi's terms of service, and click [Next].

Enter your email here. Google email, NetEase email, and Outlook email are all acceptable. If you open the webpage through my invitation link, the invitation code is automatically filled in. If you haven't filled it out, just manually enter my Ouyi invitation code jbzj999, and you can see that the current cash back rate is 20%. Use my invitation code and you can enjoy the 20% cash back rate permanently. We click [Register].

A verification code will be sent to your email. You just need to enter the verification code.

Next, we bind our mobile phone number and just select +86. Then enter your mobile phone number and click [Verify Now].

He will send a text message verification code to your mobile phone number. You copy the verification code, fill it in here, and then click [Next]. OuYi registration is complete.

After successful registration, we need to download Ouyi’s mobile APP. Users of Android phones can open the link above and click the download icon in the upper right corner. There will be a scan code to download the APP. We can scan this QR code to download.

Click [More Clients].

Click "Download Ouyi APP". You can download it directly for Android phones here (official download).

Users of Apple mobile phones must first register an overseas Apple ID and directly search for "Apple i" on Taobao to purchase an overseas Apple ID.

Log in to the overseas Apple ID you purchased, open the Apple Store, and search for Ouyi to download. Be sure to look for the Ouyi icon and don’t download pirated versions. The specific operation is that we first search for Ouyi, and then select the second OKX to download. After the download is completed, we click on Ouyi APP and log in to the account we just registered.

When we open the Ouyi APP (official download), the first thing to do when entering Ouyi is to complete the real-name authentication. We first click on the 9 small dots in the upper left corner, and then click on your personal avatar. There is an identity authentication here. There are three levels of identity authentication. The higher the level, the higher the withdrawal limit and legal currency limit. It also contributes to the security of your account and assets, so we must conduct real-name authentication.

Newly registered users can also click [Go to Verification] on the main page of Ouyi and click [Verify Now]. This includes ID and face recognition authentication, as well as the collection of personal information. Then select your country and region, select "China" as the country, select "ID card" as the document type, and then click [Next]. Have your ID card ready and click to take a photo of the front and back of the ID card. Finally, there is a video authentication, which means shaking your head left and right and nodding your head up and down to prove that you are a real person appearing on the camera. At this point our identity authentication has been completed.

After completing all the real-name authentication steps, we can buy coins on Ouyi. Next I will show you how to buy coins. First, let’s buy USDT and click [C2C Buy Coins] on the Oyi homepage.

There is a quick way to buy coins. Select the currency you want to buy as USDT. You can see that there are many types here, such as Bitcoin and Ethereum. We want to buy USDT. USDT is actually similar to the U.S. dollar. After you use your legal currency to purchase USDT, you can use USDT to exchange for hundreds of other digital currencies. Moreover, buying USDT first and then exchanging USDT for any other currency will be cheaper than buying it directly with RMB.

Then we enter the amount we want to purchase here, the following CNY means RMB, and then we click [Select Payment Method] below.

Select "Alipay". You can see this merchant below, we click to confirm.

A C2C transaction security prompt will appear here. Do not use a third-party platform to chat with the other party. You must always chat through Ouyi. If you have already paid, do not cancel the order. If the other party requires this, be sure to file an appeal.

Here you can see that the seller’s payment method is Alipay, click [Get Payment Details]. On this page we can see the merchant's name and Alipay account, as well as the amount to be paid and the order number. We copy the merchant’s Alipay account to facilitate payment to him. If you have completed the payment, click [I have paid].

Here is a reminder: "If you click Confirm without transferring the money, your account may be frozen." Click to confirm that I have transferred 20 yuan to the other party through Alipay. Then we just need to wait for the seller to confirm payment.

You can see that the seller has confirmed receipt of payment and the transaction has been completed. We can click [View Assets] below. The USDT we purchased will be in the capital account, and then we click [Transfer].

After transferring the assets from the capital account to the trading account, we can purchase other virtual currencies. Enter the amount here for the quantity, the maximum quantity, and click [Confirm].

After the transfer is successful, return to the homepage and click [Assets] in the lower right corner. You will see that there is no money in the capital account because all the money in the capital account has just been transferred to the trading account. Next we can buy Bitcoin.

Then we click the [Transaction] button in the middle below. Here at the top we can search for the currency to be traded. For example, if I want to buy Bitcoin, I search for BTC. BTC is the code for Bitcoin, and then select the first "BTC/USDT", which means we use USDT to exchange for Bitcoin. You can search here and use USDT to redeem.

We choose [Buy], where you can see limit orders and market orders, etc. The ones we commonly use are limit orders and market orders.

A limit order means that we enter the amount we want to buy and wait for the seller to complete the transaction with us. Enter the price we want to complete the transaction here, directly fill up the amount USDT, and click [Buy BTC].

There is an order confirmation here, and the system prompts us that the order was successfully placed.

This so-called successful order does not mean that the transaction is completed, but that our transaction request is successful. We can see our order in the current order below. It needs to fall to the target price we want before it can be completed. If you don’t want to wait any longer, click [Cancel Order] next to it, and the order will be canceled successfully. Please note that no handling fee will be charged if the order is placed or canceled if the order is not completed.

If you want to buy now, you can choose "market order". The market price order means that it will be given to us at the most appropriate price in the current market. We directly enter the amount we want to buy, fill it up directly, click [Buy BTC], and the purchase is successful.

Now that our Bitcoin has been purchased successfully, we still click [Assets] in the lower right corner and select [Trading Account], and we can see the Bitcoin we just purchased.

If you wanted to sell all your Bitcoin, it would be relatively simple to convert it into money. Let's go back to the trading interface just now. Select BTC/USDT in the upper left corner, select [Sell], or select "Market Order". When the quantity is filled up, all is sold, and click [Sell BTC]. At this time, our Bitcoin has been sold successfully.

Next, we will introduce how to withdraw cash. Let's go back to the asset page just now. We need to transfer the money to the capital account before we can withdraw it. Click [Transfer].

From the trading account to the capital account, the currency is still USDT, the quantity directly selects "Maximum", click Confirm and the transfer is successful. At this time our money will arrive in the capital account.

Let’s click on Yiyi’s homepage again and click [C2C Buy Coins].

There is a quick transaction inside, click [Sell]. Selling USDT is the same as buying USDT. Enter the amount you want to sell here. We can use 2.75 USDT to sell it for 19 yuan in RMB, click [Select Payment Method].

I will still use Alipay as an example for everyone. Check Alipay and click [Preview Order].

Check the merchant. The transaction volume should be greater than 3,000, the transaction rate should be greater than 98%, and the payment method is "Alipay". Click [Confirm].

Now we just wait for the seller to pay. On this page we can see the unit price and quantity, as well as the total amount we will receive. The payment method is Alipay. Below is the order number and the time of placing the order. We click [Chat].

You can see that the buyer has paid, so we click [Confirm].

Then check your payment account or ask the buyer to confirm the name of the payer and we will check it out. Click "Yes" and click "Confirm Coin Release". In this way we have successfully sold 2.75 USDT.

One thing to note here is that if you use a bank card to collect payment, you must wait until the funds arrive in your bank account before clicking I have received the payment. If you have not received the funds in your bank account, do not click "I have received the money", otherwise you may not receive the money and the USDT will be gone.

Risks and Cautions

price fluctuations

BTC prices can fluctuate 5–10% or more in a day. While there is the potential for quick gains, it can also lead to serious losses.

regulatory uncertainty

Countries have different attitudes towards Bitcoin, some support it, while others restrict or even ban it.

security threats

There are always risks such as exchange breaches, phishing emails, and malware.

Fraud and scams

Various high-yield promises and phishing airdrops emerge in endlessly.

BTC future outlook

Institutional investment and an increasingly clear regulatory environment are strengthening Bitcoin’s legitimacy. Large companies and funds continue to increase their positions in BTC, and the launch of spot Bitcoin ETFs has also attracted more retail and institutional funds. At the same time, on-chain progress such as Taproot upgrades and Lightning Network expansion have improved privacy, scalability and daily use experience.

Looking to the future, these technological innovations are expected to reduce handling fees and speed up transactions, thereby improving user experience and spawning more new scenarios, which will positively affect the price trend of BTC. As global macro uncertainty continues, Bitcoin's status as a decentralized store of value will be further consolidated, attracting more capital and technology investment.

Bitcoin (BTC) FAQ

What is Bitcoin?

The total amount of decentralized digital currency is fixed at 21 million, relying on blockchain and proof-of-work (PoW) mechanisms to ensure security.

How to store Bitcoin?

Hardware wallets are recommended for long-term holdings; software wallets or exchange-hosted wallets are optional for daily small amounts.

What are the risks of investing in Bitcoin?

Large price fluctuations, uncertain regulatory policies, security threats (hackers, phishing) and various scams.

How to pay with Bitcoin?

Payment can be made via on-chain transfer or Lightning Network, and merchants support QR code or invoice collection.

Summarize

Bitcoin is a truly decentralized, censorship-resistant digital currency. From Satoshi Nakamoto’s white paper to today’s globally thriving network, Bitcoin combines security, scarcity, and transparency.

If you want to invest in Bitcoin but don’t know where to start, don’t worry. This article will teach you step by step how to buy Bitcoin, from account opening, verification, to actual purchase of Bitcoin. Even if you are a complete novice, you can complete your first cryptocurrency investment in 30 minutes.

Want to invest in Bitcoin but don’t know where to start?

Don’t worry, this article will teach you step by step how to buy Bitcoin, from account opening, verification, to actual purchase of Bitcoin. Even if you are a complete novice, you can make your first cryptocurrency investment in 30 minutes.

Bitcoin (BTC), as the world's most watched cryptocurrency, has not only attracted the attention of large institutions such as Wall Street and Tesla, but has also become "digital gold" in the eyes of a new generation of young investors.

Now, if you want to buy Bitcoin, you no longer need to understand blockchain programming, nor do you need to encounter complicated cold wallet settings—you only need a mobile phone to open an account, swipe your card, and buy coins.

This article will take you through:

The goal is simple: help you go from "wanting to invest" to "buying your first BTC".

Why is Bitcoin worth investing in? Three reasons you should know

In Taiwan, more and more young people are beginning to pay attention to "how to buy Bitcoin".

From students to office workers to freelance workers, everyone wants to know: Is Bitcoin worth investing in? Would it be too risky?

As one of the most well-known cryptocurrencies, Bitcoin has attracted widespread attention around the world. Even David Rubenstein, a well-known American private equity giant, said in an exclusive interview in August 2023:

"I regret not buying Bitcoin when it was $100."

Wall Street is joining the market one after another. As long as there is market demand, Bitcoin will not disappear! –David Rubenstein

David Rubenstein expressed his expectations for Bitcoin in a news interview

At one time, the price of one Bitcoin was:

Even though many people in the world still think it is a fraud or an illegal tool for underground money laundering, it is undeniable that more and more institutions and celebrities are now including Bitcoin (cryptocurrency) as part of their asset portfolios, such as Tesla’s Elon Musk, female stock goddess Cathie Wood, and the world’s largest venture capital institution a16z.

Governments around the world have also begun to pay attention to the regulation and supervision of Bitcoin (cryptocurrency). Fidelity and BlackRock have also approved applications for Bitcoin ETFs.

At present, more than 400 million people in the world are using cryptocurrency. In fact, there are three key reasons why Bitcoin has become the most popular investment target in this decade:

Many people may have seen the investment potential of Bitcoin, but they don't know how to invest. They think it is a very complicated process.

This was true in the early years: if you want to buy Bitcoin, you need to have relevant knowledge and understand what a cold wallet and a hot wallet are, which is quite hardcore.

However, it has been more than ten years since the birth of Bitcoin. Modern society actually has more convenient and faster investment channels, and just like banks, there are many safe exchanges to choose from.

In the cryptocurrency market, the process from opening an account to actually buying a Bitcoin is already easier than opening a bank account to invest in Taiwan stocks.

The first step to buy Bitcoin: Open an account on an exchange

I assume that you, the reader who is reading this article, have already done your research on Bitcoin (cryptocurrency) and have your own opinions on its investment potential. You are just looking for instruction on how to invest.

So without further ado, let’s get straight to the point: “To invest in cryptocurrency, the first step is to open an account on an exchange.”

This may be the first time many people have seen the term exchange. The so-called currency exchange is actually equivalent to the securities account of Taiwan stocks, or the domestic and overseas investment platforms of US stocks. It is quite simple and understandable.

As for investors in the current currency circle, the most popular exchange is Binance (official registration and official download), the world’s number one.

No. 1 in the world: Binance Binance registration and account opening KYC complete tutorial

Basically, if you ask anyone who has invested in the cryptocurrency industry, everyone will have a Binance account, which can be said to be the first step into investing in the cryptocurrency industry.

The step process is also very simple:

Step 1: Enter your email or mobile phone as the account

Click to enter the official Binance website. Here are the Binance referral codes you can use:

Binance account opening recommendation code: A0Y8K980

If there is no surprise, the default will be Simplified Chinese. If the language is English, you can find the language setting in the upper right corner and change it to Simplified Chinese.

When opening an account, it is recommended that it is more convenient to use email. Here are some small reminders and complete the following three steps:

Email Registration and Verification

Set password + bind recommendation code

Complete identity verification KYC

Next, you need to complete the identity verification KYC, just like when you go to a bank to open an account, you will need to provide your ID card and take a photo.

The KYC process does not take five minutes and you can easily complete it on your computer or your mobile phone at home.

Therefore, from opening an account to completing KYC, the entire process can be completed in less than ten minutes. Compared with going to the bank to draw a number plate and wait for opening an account, it saves time and effort.

Binance’s KYC process is relatively cumbersome. For details, please refer to:

Can Binance use Mainland China ID verification (KYC)?

Binance account registration + KYC identity verification tutorial (2025 latest account opening guide)

Introduction to world-renowned exchanges

If opening an account on Binance is the first step into cryptocurrency investment; then when you start to research other exchanges and open an account, you have already entered a deeper understanding of cryptocurrency market investment.

Many novice investors will think that if they want to invest in the currency circle today, they only need to open an account on Binance and then they can dominate the world with one exchange. This is not the case.

For example: your first bank account may have been opened at the post office when you were a child (or your parents helped you open an account at a bank you frequently visit). This account will accompany you throughout your schooling. Then, you may go to college or go out into society, and you will open accounts in other banks and accumulate your bank passbook.

There may be many reasons: for the credit card benefits of different banks, for better securities accounts, for better App experience, or because your friends happen to work in that bank to help with performance…

A person will probably not have only one account in a financial institution in his life, whether it is a deposit account or a securities account.

The reason is that the services provided by each bank are different. Today, Bank A has better fixed deposit interest rates, Bank B has better credit card offers, Bank C has better loan benefits… In this situation, what you should do is to qualify yourself for each bank, and then use different services according to different needs.

Exchanges are financial institutions in the currency circle, and the same principle applies.

Taking me as an example, I first opened an account on Binance. Later, I saw someone introducing the Luye Bitfinace exchange to provide loan arbitrage functions, so I also opened an account;

Then Pionex exchange has quantitative robot (grid trading) and dual-currency financial management services, and has also opened one;

Then there are Bitget, Bybit, and Mexc Matcha exchanges, which have lower handling fees for contract transactions and sometimes list popular new coins (which Binance does not have). They opened accounts for trading needs…

In the six years since I joined the cryptocurrency industry, I have more than 20 exchange accounts in the cryptocurrency industry, and they are still increasing.

You may ask: "With so many accounts, do you usually use them?"

Of course not. Personally, I usually use Binance, Paiwang, Luye, and Bitget as my main exchanges.

But sometimes there are special needs. For example, a new currency I am interested in may only be listed on the Matcha Mexc exchange, so I will transfer the money there for trading;

Or there may be an exchange that happens to be holding an event, and if certain conditions are met, money will be given away.

In my opinion, when it comes to "qualifications" (especially those from financial institutions), it must be a good thing if you can get them early.

In the currency circle, Greenleaf Bitfinex exchange is considered the oldest (established in 2012). When I opened an account in 2020, I passed KYC and various certifications very quickly.

However, now in 2025, many people in my group have just opened accounts. After waiting for several days, the KYC process is still under review. It is obvious that the qualifications are becoming stricter.

So for me, I would advise my friends and fans around me that if you are really interested in cryptocurrency investment today, in addition to Binance, it must be a good thing to obtain account opening qualifications at other global mainstream exchanges.

Therefore, if you are interested in studying cryptocurrency investment, below I have compiled five other exchanges worth opening an account to meet other investment needs (such as quantitative robots, grids, lending arbitrage, and the lowest contract fees)…etc., the time to open an account is about the same as Binance, and I have also written a series of related articles to teach.

What operations are suitable for exchanges? What are the trading fee discounts?

Pionex Exchange

Open grid orders, bargain hunting, and use futures arbitrage to earn high interest rates

Up to 2150U trading capital, free use of multiple quantitative follow-up strategies

Greenleaf Bitfinex Exchange

U.S. dollar loans, earning 18~25% interest income

Lifetime 6% handling fee discount

Bitget Exchange

Copy trading, contract trading

Enjoy spot trading with 0 handling fee and 5005 magnesium bonus for a limited time

Matcha Mexc Exchange

Another option for contract trading, it currently has the lowest handling fee among all exchanges and is suitable for investors who are accustomed to contract trading.

Lifetime 10% handling fee discount (highest in the entire network)

Bybit Exchange

Contract trading, LaunchPad subscription, liquidity mining

Lifetime 20% handling fee discount (highest in the entire network)

The second step to buy Bitcoin: Complete tutorial on buying coins with a credit card

Regardless of whether you have completed account opening on other exchanges, basically Binance must be the exchange where you have completed account opening.

The next step is to buy Bitcoin BTC.

Basically, to buy cryptocurrency, you must first learn how to buy U (or USDT), but this step is relatively complicated. You need to explain what USDT is and the account opening and trading processes involved in local exchanges, so I won’t go into that today.

This section will mainly focus on the operation of "How to buy coins with a credit card on Binance". Although there will be a credit card swiping fee, for a novice who has never invested in cryptocurrency, first experience the process of buying Bitcoin. It doesn't take more, just a little, and you will have a sense of accomplishment after completion.

Log in to the Binance APP and find the “Buy Cryptocurrency” option

First, click on the Binance Exchange APP, click "More" at the top of the screen, and press the "Buy Cryptocurrency" option in the middle of the screen:

Then switch the pricing currency to "BTC"

After entering the "Buy Cryptocurrency" page, click on the top of the screen to prepare to switch currencies.

Type "BTC" (short for Bitcoin) into the search field

After finding "BTC" on the screen, click on it to switch the currency you want to buy to "BTC" (Bitcoin)

※Note: If your screen uses BTC as the pricing method from the beginning, you can skip this step.

Then enter the amount you want to purchase and choose credit card payment

After switching the purchase currency to Bitcoin (BTC), enter the amount you want to purchase in the center of the screen.

The amount here does not need to be too much, because Bitcoin can actually be calculated to 8 decimal places (also known as "Satoshi"), so although I use 1,000 RMB as an example, you can use 100 RMB to test, and there will be no problem.

After entering the amount, press the "Buy BTC" button and select the payment method you want. You can choose Alipay, bank debit card, WeChat or QQ wallet. It is actually quite convenient!

Finally, just press "Confirm" below, and you will officially complete the first Bitcoin transaction in your life!

Finally confirm whether the transaction is successful

Finally, return to the homepage of the Binance APP, find "Funds" in the lower right corner of the screen > select "Spot" listed above, and you will see the Bitcoin you just bought.

This concludes this article about investment teaching for novices: How to buy Bitcoin? It teaches you how to buy your first BTC from scratch in 30 minutes. For more related Bitcoin content, please search Script House’s previous articles or continue to browse the related articles below. I hope you will support Script House in the future!

Bitcoin has transformed from an experimental digital currency worth less than a penny to a revolutionary financial asset hitting new highs in 2025. This guide takes a comprehensive look at everything you need to know about Bitcoin (BTC). We hope it will be helpful to everyone.

Bitcoin has transformed from an experimental digital currency worth less than a penny to a revolutionary financial asset reaching new highs in 2025. As the world's first cryptocurrency, Bitcoin will continue to reshape how we think about money, payments, and financial sovereignty in 2025.

This guide comprehensively explores everything you need to know about Bitcoin (BTC) – from its underlying technology and current market trends, to practical investment strategies and future outlook. Whether you are a complete beginner or looking to dive deeper, this article will provide you with the necessary knowledge to help you explore the Bitcoin ecosystem with confidence.

Key takeaways

What is Bitcoin

Bitcoin is a decentralized digital currency that does not rely on traditional financial institutions such as banks or governments to operate. Bitcoin was created in 2008 by the pseudonym "Satoshi Nakamoto" and was the first platform to successfully implement peer-to-peer electronic cash, solving the double-spending problem without relying on a trusted third party.

Unlike traditional currencies, which are controlled by a central bank, Bitcoin runs on a distributed network of computers, called nodes. Each transaction is verified by network participants through a process called “mining,” ensuring the integrity and security of the entire system.

What’s revolutionary about Bitcoin is its blockchain technology—a public, immutable ledger that records every transaction. This transparency, combined with cryptographic security, creates a trustless system where participants can transact directly without an intermediary.

Main features of Bitcoin and blockchain technology

Bitcoin’s design incorporates several groundbreaking features that set it apart from traditional monetary systems:

How Bitcoin Works: Mining and Transaction Process

To understand Bitcoin, you need to master the underlying blockchain technology that supports its network. Blockchain can be understood as a digital ledger that is replicated on thousands of computers around the world, with each new "page" (block) building on the previous page, creating an unchangeable historical record.

Bitcoin mining process

Bitcoin mining is the process of creating new Bitcoins and validating transactions. Miners use powerful computers to solve complex mathematical puzzles, and the first person to solve the puzzle can add a new block to the blockchain and receive a reward.

This proof-of-work consensus mechanism ensures network security by making it extremely costly to attack or manipulate the blockchain. Currently, miners receive a reward of 3.125 Bitcoins for each block mined, but this reward is halved approximately every four years, in a so-called halving.

The Bitcoin network processes transactions approximately every 10 minutes, and each block contains hundreds or thousands of transactions. No matter how many miners participate, the mining difficulty is automatically adjusted to maintain an average of one transaction every 10 minutes.

Transaction verification and security

When you send Bitcoin, your transaction is broadcast to the entire network for verification. Miners collect these pending transactions and verify them by checking the digital signature and ensuring the sender has sufficient funds.

Once the transaction is verified, it will be packaged into a block and permanently recorded on the blockchain. The more blocks (called confirmations) that are added after a transaction, the more secure the transaction is. Most exchanges and services consider a trade final after six confirmations, which usually takes about an hour.

This verification process eliminates the need for traditional financial intermediaries while providing security through mathematical proof rather than trust in institutions.

Bitcoin Price Analysis and Market Trends

Since its inception, the price of Bitcoin has experienced significant growth and volatility. From trading at less than $1 in 2010 to breaking through an all-time high of $123,000 in 2025, Bitcoin has become a store of value and a speculative investment asset.

Current Market Performance and Trends to 2025

The cryptocurrency market in 2025 will be characterized by increased institutional adoption and regulatory clarity. Bitcoin hits new highs in 2025, driven by several key factors:

Understanding Bitcoin’s Four-Year Cycle

Historically, Bitcoin follows a four-year cycle that closely correlates with halving events. These cycles typically have the following characteristics:

However, many analysts believe that the traditional four-year cycle may be broken by 2025. The approval of a Bitcoin ETF in January 2024 brought institutional flows that were “ahead” of typical post-halving price discovery, fundamentally changing market dynamics.

Price predictions and expert forecasts

Industry experts have different predictions for Bitcoin’s price trend in 2025 and beyond:

Bitcoin Wallet: Cryptocurrency Storage Solution

Proper storage is crucial to Bitcoin security. The saying “It’s not your keys, it’s not your coins” emphasizes the importance of taking control of your private keys rather than leaving your Bitcoins on an exchange.

Types of Bitcoin Wallets Best Practices for Bitcoin Security

Implement these security measures to protect your Bitcoin investment:

Bitcoin Mining: Cybersecurity and Economics

Bitcoin mining has two key functions: securing the network through computational work, and distributing new Bitcoins into circulation. Understanding mining helps explain Bitcoin’s security model and economic incentives.

What is Bitcoin mining?

Mining refers to the use of specialized computers to solve complex mathematical puzzles. Miners compete to find the solution first, and the winner gets the right to add a new block to the blockchain and receives the block reward.

This process requires a lot of computing power and electricity, so there are costs associated with maintaining network security in the real world. The difficulty automatically adjusts every 2,016 blocks (approximately two weeks) to maintain a 10-minute block time regardless of the network's total computing power.

The mining economy in 2025

Bitcoin mining has developed into a complex industry with several key characteristics:

Bitcoin use cases and real-world applications

Bitcoin has utility for much more than just speculative trading. This cryptocurrency serves a variety of practical functions in the modern economy.

1. Store of value and digital gold

Many investors view Bitcoin as “digital gold”—a hedge against inflation and currency devaluation. The following points support this view:

2. Corporate finance adoption

Forward-looking companies have added Bitcoin as a financial asset to their balance sheets:

3. Cross-border payments and remittances

Bitcoin enables fast and relatively cheap international transfers:

Bitcoin vs ETH, SOL, XRP, ADA

While Bitcoin remains the undisputed king among cryptocurrencies, understanding how it compares to other major digital assets can help investors make informed decisions. Here’s how Bitcoin compares to the top cryptocurrencies on the market.

Bitcoin vs. Ethereum (ETH)

Bitcoin and Ethereum play different major roles in the crypto ecosystem. Bitcoin focuses on being a digital currency and store of value, while Ethereum is a programmable blockchain platform for smart contracts and decentralized applications.

Main differences:

Bitcoin vs Solana (SOL)

Solana positions itself as a high-performance blockchain capable of processing thousands of transactions per second, which makes it popular among decentralized applications and DeFi protocols.

Main differences:

Bitcoin vs Ripple (XRP)

XRP is designed for cross-border payments and banking institutions, providing fast and low-cost international transfers.

Main differences:

Bitcoin vs Cardano (ADA)

Cardano emphasizes academic research and peer-reviewed development, positioning itself as a more sustainable and scalable blockchain platform.

Main differences:

Comparison Overview Table Features Bitcoin (BTC) Ethereum (ETH) Solana (SOL) Ripple (XRP) Cardano (ADA)

main purpose

Digital gold/store of value

Smart contract platform

High-speed DeFi/dApps

Cross-border payment

sustainable blockchain

Year of launch

2009

2015

2020

2012

2017

consensus

proof of work

Proof of Stake

History proves

federal consensus

Proof of Stake

maximum supply

21 million

No upper limit

No upper limit

100 billion

45 billion

transaction speed

~7 TPS

~15 TPS

About 3,000 TPS

About 1,500 TPS

~250 TPS

block time

about 10 minutes

~12 seconds

~0.4 seconds

~3-5 seconds

~20 seconds

Energy saving

Yes

Yes

Yes

Yes

smart contract

limited

advanced

advanced

limited

advanced

Market capitalization ranking

#1

#2

#4-6

#6-8

#8-10

most suitable

long term holding

DeFi and NFT

high speed trading

bank payment

academic projects

Bitcoin ETFs and Investment Tools

The approval of a spot Bitcoin ETF in January 2024 marked a watershed moment in institutional adoption of Bitcoin, allowing people to purchase the cryptocurrency through traditional brokerage accounts.

Learn about Bitcoin ETFs

A Bitcoin ETF is an investment fund that tracks the price of Bitcoin without requiring investors to hold Bitcoin directly. These funds purchase and custody Bitcoin on behalf of shareholders and offer the following advantages:

Major Bitcoin ETF Providers

There are currently several well-known financial institutions offering Bitcoin ETFs:

ETF performance and market impact

The Bitcoin ETF has achieved remarkable success since its launch:

Bitcoin Charts and Technical Analysis

Understanding how to analyze Bitcoin price charts can help investors make informed decisions and spot potential trading opportunities.

Basic chart patterns

There are several technical patterns that frequently appear in Bitcoin charts:

Bitcoin’s Key Technical Indicators

Popular indicators used by Bitcoin traders include:

Bitcoin Specific Indicators

Unique metrics provide insight into Bitcoin’s network health and adoption:

The future of Bitcoin: Technology and innovation

Bitcoin continues to evolve through technological improvements and increasing popularity in various fields, positioning it for the next phase of mainstream integration and technological advancement.

1. Lightning Network and Scalability Solutions

The Lightning Network is Bitcoin’s primary scaling solution, fundamentally changing the way the network handles transaction volume and costs. This second-layer technology creates payment channels that allow multiple transactions between multiple parties without each transfer having to be confirmed on the blockchain. As more users and businesses adopt the Lightning Network, payment routing will become increasingly efficient, creating network effects that benefit all participants.

The Lightning Network enables previously impossible use cases, particularly streaming micropayments for digital content and services. Companies across industries are integrating Lightning Network infrastructure for customer payments and internal settlements, realizing that Lightning Network can reduce costs while maintaining the security of Bitcoin. This adoption is driving innovation in payment processing and creating new business models that leverage instant, low-cost Bitcoin transactions.

2. Integration of Bitcoin with Web3 and DeFi

While Ethereum has always dominated the decentralized finance space, Bitcoin is increasingly being integrated into Web3 applications through innovative bridging technologies. Wrapped Bitcoin (WBTC) and similar protocols allow Bitcoin holders to participate in Ethereum-based DeFi protocols, unlocking liquidity and revenue opportunities previously unavailable to Bitcoin users.

Cross-chain bridges enable Bitcoin to interact with multiple blockchain networks, extending its utility beyond simple value transfers. Bitcoin-collateralized lending platforms now offer sophisticated financial products that allow users to borrow against their Bitcoin holdings without selling their holdings. Additionally, new protocols like Ordinals are bringing NFT-like functionality directly to the Bitcoin blockchain, challenging traditional assumptions about Bitcoin’s capabilities.

3. Environmental sustainability and green mining

The Bitcoin mining industry is undergoing a major transformation and is committed to environmental responsibility and sustainable development. Mining operations around the world are turning to renewable energy sources, including solar, wind and hydropower, both for environmental reasons and the economic incentives of cheap renewable electricity.

Innovative projects are finding creative ways to use waste heat from mining, including greenhouse farming and residential heating systems. Large mining companies are publicly committing to carbon-neutral operations and implementing comprehensive sustainability strategies. Continuous improvements in the efficiency of mining hardware are reducing energy consumption per hash, making the network more environmentally friendly while maintaining its security.

Bitcoin Investment Strategy and Risk Management

Successful Bitcoin investing requires understanding various strategies and implementing appropriate risk management techniques to effectively navigate the volatile cryptocurrency market.

1. Average cost strategy

Dollar Cost Averaging (DCA) involves purchasing a fixed amount of Bitcoin on a regular basis, independent of the current market price. This strategy reduces the impact of market fluctuations by spreading out purchases, eliminating the need to pinpoint market peaks and troughs. DCA is particularly suitable for investors with a multi-year investment horizon who want to build a Bitcoin position over time.

The main advantage of DCA is its ability to eliminate emotional decision-making from the investment process. By buying regularly regardless of market conditions, investors can avoid the common pitfalls of buying when the market is high or panic selling when the market is low. This disciplined approach to investing has historically led to higher returns than trying to time the market, especially for retail investors who lack sophisticated trading tools and market analysis skills.

2. Wait-and-see and active trading strategies

The cryptocurrency community has developed two main investment philosophies, each reflecting different risk tolerances and time commitments. "HODLing" is derived from "Hold On for Dear Life" and represents a long-term strategy focused on the multi-year appreciation potential of Bitcoin. This approach requires minimizing trading activity, thereby lowering fees and tax burdens, while requiring conviction and resilience during periods of significant market volatility.

In contrast, active trading attempts to profit from short-term price fluctuations by buying and selling frequently. This approach requires a significant investment of time, market knowledge, and emotional discipline to execute successfully. Most retail traders do not perform as well as a simple buy-and-hold strategy due to transaction costs, tax implications, and the difficulty of consistently timing market moves. For patient investors willing to tolerate short-term volatility, historical data strongly supports a long-term holding strategy.

3. Basic risk management principles

Protecting your Bitcoin investment requires implementing several basic risk management strategies that help preserve capital while achieving potential growth. Position size is the most critical factor, ensuring that the amount invested in Bitcoin does not exceed the amount of loss that investors can afford. This principle is particularly important given Bitcoin’s historical volatility and the relatively young stage of the cryptocurrency market.

Diversification is critical to the health of your overall portfolio, and Bitcoin is just one part of a balanced investment strategy. Security measures are another important component, requiring proper wallet security protocols and backup procedures to prevent theft or loss. Tax planning considerations can help investors understand the impact of Bitcoin trading in their particular jurisdiction, while keeping abreast of regulatory changes and market developments can help predict their potential impact on investment performance.

Global Bitcoin Adoption and Cryptocurrency Regulation

Bitcoin’s legal status and adoption vary widely across countries and regions, creating a complex regulatory landscape that continues to evolve as governments grapple with cryptocurrency integration.

Countries embracing Bitcoin innovation

Several countries have implemented Bitcoin-friendly policies, making them leaders in cryptocurrency adoption. El Salvador made history in 2021 by becoming the first country to adopt Bitcoin as legal tender, with the Central African Republic following suit in 2022. These groundbreaking initiatives demonstrate that smaller countries can also leverage Bitcoin to potentially improve financial inclusion and economic sovereignty.

The United States has developed an increasingly sophisticated regulatory environment, the most prominent of which is the approval of a Bitcoin ETF in January 2024, as well as growing institutional adoption. Germany's tax exemption for long-term Bitcoin holdings after one year has created favorable conditions for individual investors. Switzerland has become the global “crypto valley,” attracting blockchain companies and implementing a comprehensive regulatory framework that balances innovation with consumer protection.

Regulatory evolution in 2025

The regulatory landscape continues to evolve, and several major developments are shaping Bitcoin’s global acceptance. Discussions among governments about strategic Bitcoin reserves are heating up, and some governments are considering incorporating Bitcoin into their national treasuries to hedge against currency devaluation and inflation. Major jurisdictions are developing comprehensive cryptocurrency regulations to provide clear guidance to businesses and investors while addressing money laundering and consumer protection concerns.

International cooperation on cryptocurrency standards and anti-money laundering measures is increasing, with global organizations working to develop a consistent regulatory approach. Clear regulations are emerging for stablecoins that impact the broader cryptocurrency ecosystem, providing regulatory certainty for institutional investors and businesses to confidently incorporate Bitcoin into their operations.

Central bank digital currencies coexist with Bitcoin

Many central banks around the world are developing digital versions of their national currencies, creating an interesting interaction with decentralized cryptocurrencies such as Bitcoin. A central bank digital currency (CBDC) can maintain government control and oversight while providing some of the advantages of digital currency technology. However, these government-issued digital currencies serve different purposes than Bitcoin: CBDCs focus on maintaining monetary policy control, while Bitcoin provides financial sovereignty and censorship resistance.

The relationship between CBDC and Bitcoin appears to be more of coexistence than direct competition. Bitcoin’s success has spurred the development of central bank digital currencies and demonstrated public interest in digital payment systems. However, government digital currencies may compete with Bitcoin for certain use cases, especially in areas where domestic payment systems and regulatory compliance are critical. The competitive dynamics between these different digital currency approaches could shape the future of the global financial system.

in conclusion

Bitcoin fundamentally changes our understanding of currency, financial sovereignty, and digital ownership. Bitcoin began as an experimental peer-to-peer electronic cash system and has now grown into a globally recognized store of value and investment asset, posing a challenge to the traditional financial system.

Bitcoin’s fixed supply, decentralized nature, and transparent blockchain technology provide an attractive alternative to the traditional monetary system. As institutional adoption accelerates and regulatory transparency increases, Bitcoin will continue to lay the foundation for a more open and inclusive financial future.

Whether viewed as digital gold, a payments network, or a revolutionary technology, Bitcoin has proven its resilience and utility in more than a decade of operation. The network's security, growing popularity, and technological advancements position it well in the evolving digital economy.

For investors considering investing in Bitcoin, it remains critical to understand its technology, risks, and investment strategies. While Bitcoin’s volatility presents both opportunities and challenges, its long-term trends suggest that it will remain important in the global financial landscape in 2025 and beyond.

This concludes this article about what is Bitcoin? How to trade and mine? A complete guide to Bitcoin investment. For more related Bitcoin content, please search Script House’s previous articles or continue to browse the relevant articles below. I hope you will support Script House in the future!