How to trade bitcoin safely
the key is to go to the mainstream platform
bitcoin is a kind of encrypted digital asset protected by cryptography, without the participation of centralized institutions. It has been running steadily since 2009 and has become one of the important investment targets of global investors. Many investors are very interested in bitcoin investment. The entry process of bitcoin and some investment procts is slightly different. The address of bitcoin blockchain is decentralized, so there is no account opening step. However, purchasing Mai bitcoin with bitcoin requires the assistance of some third-party platforms
at present, there are relatively large platforms in China, such as okex, fire coin and coin security. I have been in and out of money for many times in these platforms. Let's introce my experience of buying Mai bitcoin in these exchanges.
before the introction, I need to explain one premise: the security of Mai bitcoin is divided into two aspects: one is asset security, which basically won't cause any problems when I choose the three major domestic exchanges; the other is capital security, in other words, Is to rece as much as possible with the flow of black money bank card transactions. Because it's easy to freeze their bank cards, each exchange has a different strategy
1、OKEx： https://www.okex.me/buy-crypto/cny
okex is the exchange that I use the most Mai currency. I have been in okexmai currency since 18 years. Most of the time, I have had a good experience of Mai currency. I only encountered the problem of freezing okex account (not bank card freezing) once in my impression. However, OK customer service also helped me understand the freezing process very quickly. This is my first contact with OK customer service, Good attitude and high efficiency< it can be seen from the side that okex has done a lot of work in the prevention and control of black money. Moreover, in recent years, there are few card freezing incidents in okex. Today, the black money in the exchange is increasingly rampant, okex has done quite well
in terms of user experience, the function of one click Mai is more suitable for Xiao. When using this function, you don't need to select the businesses that meet the standard in the list of businesses. It's more convenient. At present, when you do activities, you will get a 20 yuan reward when you buy Mai for the first time
in addition, okex is a first-line exchange with a large user base. Mai currency supports wechat, and ZFB buys Mai with zero handling charge. If you've just come into contact with bitcoin, it's a quick and safe choice in okexmai
However, the weakness is that okex has little support for foreign currencies. Except for RMB, only the Vietnamese Dong and Indian Rupee have depth. The Mai currency entrance of other countries' currencies is only the interface of other cooperation platforms2 https://www.huobi.com/zh-cn/
the exchange's legal currency trading plate is deep enough, and there are many powerful businesses with good experience. Support the purchase of Mai bitcoin with multi currency. In addition, the process of making Mai coins is relatively smooth and can be completed in a few minutes
however, e to the good user experience of fire coin, black and gray procts will also choose fire coin as a channel for money laundering. fire coin has been updating its risk control strategy to intercept black money accounts. However, at present, it seems that the effect may not be so good, and the freezing card incident continues. Friends who pay close attention to the digital money market may understand that a large-scale freeze occurred in early June, and many users' bank cards were frozen. Therefore, we should be a little more cautious when using Mai coins on this platform, try to choose the ranked merchants, and rece the probability of being frozen.
3 https://www.binance.com/cn
the trading plate of currency security legal currency started late, and the accumulation was not enough. Frankly speaking, the depth and experience of legal currency trading is quite different from that of okex and fire currency< Strong>, especially the t+1 strategy of currency, which is Mai currency, will make complaints about money in a day. This system has been thrown into the trap by too many people, because this is obviously a "one size fits all" strategy with insufficient technical capability.
however, even if there are many slots, coin an is slightly better than the second and third tier exchanges in terms of asset security. Users who trade in coin an can also try to buy Mai bitcoin in coin an
finally, based on the above factors, it is suggested that okex is the first choice for Mai bitcoin, fire coin is the second choice, and coin security is not recommended
is safe and can be traded with confidence
in addition, you can also trade on bitcoin website. Besides bitcoin, there are many other virtual currencies, which can diversify investment
transaction website:
https://bter.com/ref/24084
in addition to inheriting the advantages of no fixed position explosion, no spread loss, no delivery date and zero position cost, it also has the following four unique designs:
1. Support long short two-way position
2
3. Floating profit can be controlled flexibly
4. It is cost-effective to have one risk degree for all varieties and positions
usdt perpetual contract is a digital currency contract with usdt as the unit of valuation and settlement. At present, usdt perpetual contracts support the two-way trading of BTC / usdt, EOS / usdt and other contracts, and provide multiple leverage. The purpose is to allow high leverage to replicate the situation of the spot market. The contract will not be settled and can follow the reference index price of the target through the anchoring mechanism
as a pricing unit and settlement unit, usdt can trade BTC / usdt and other digital currency contracts without holding other digital currencies, which basically says goodbye to the loss in the process of multi currency conversion. Of course, your profit is also settled in usdt. There will be only one asset in your usdt contract account
as usdt has a relatively stable long-term performance in digital currencies, it can rece the risk of devaluation of holding BTC, EOS and other digital currencies in the process of trading with usdt as the pricing unit and settlement unit. To avoid the risk of currency increase and assets decrease as a result of transaction
why is usdt introced as the settlement currency
when you use BTC as the settlement currency for contract transactions, whether you like it or not, you will automatically get BTC exposure
sometimes this can lead to unsatisfactory results
for example, if BTC is used as the settlement currency to trade the ETH / USD perpetual contract, even if you have more BTC after closing the position and making profits, at the same time, if the price of BTC / USD drops sharply, you may eventually suffer losses
BTC capital may increase, but its value is lower than before, and the whole portfolio may suffer value loss
however, when the settlement currency turns to a stable currency (such as usdt), this potential problem does not exist
unlike BTC, usdt is less volatile because it is linked to the value of the US dollar. Although there have been criticisms in the past about the way tether (the company behind usdt) anchored the US dollar exchange rate, usdt is still the most dominant and reliable stable currency in the market so far, so it is relatively safe
using usdt as the settlement currency, whether it is the initial margin or capital, investors can more easily minimize unnecessary exposure, so as to maintain the stability of the portfolio. I hope the answer will be helpful to you. Thank you.