1. Basic understanding: Understand the 3 core concepts.
Blockchain: A globally public 'ledger', with transparent and immutable data, the foundation for technologies like Bitcoin and Ethereum.
Mainstream cryptocurrencies:
Bitcoin (BTC): Digital gold, the first choice against inflation, with lower risk for long-term holding.
Ethereum (ETH): A smart contract platform that supports DeFi, NFTs, and other ecosystems.
Key terms:
Gas fees: On-chain transaction fees, confirm the real-time rate before transferring.
DeFi/NFT: Decentralized finance and digital asset certificates, recommended to start with staking and exchange sections.
2. Practical first step: Choose a safe trading platform.
Recommended exchanges:
Binance: The largest in the world, supports fiat deposits, friendly for newcomers.
OKX: Complete Chinese interface, providing spot, contract, and other multi-functional services.
3. First-time purchase of cryptocurrency: 4 steps.
Fiat deposits: Purchase USDT through Alipay/bank card (pegged 1:1 with USD).
Purchase mainstream coins:
70% of funds in BTC/ETH, 20% in platform tokens (like BNB), 10% exploring potential coins.
Use 'market orders' for quick transactions to avoid the risks of slippage with limit orders.
Small trial investment: It is recommended that the first investment does not exceed 5% of liquid funds.
4. Asset security storage: Wallet selection guide.
Short-term trading: Use exchange wallets, but avoid storing large amounts of assets for a long time.
Long-term holding:
Hot wallets: MetaMask, Trust Wallet, suitable for daily small transactions.
Cold wallets: Ledger, Trezor, physical devices for offline storage, highest security.
5. Risk management: Avoid becoming 'chives'.
Position allocation:
70% in mainstream coins + 20% in potential coins + 10% in cash.
Dollar-cost averaging strategy: Buy BTC/ETH on a fixed date each month to spread out costs.
Take profit and stop-loss:
Sell in batches after a 30% profit, mandatory stop-loss at a 15% loss.
Use Binance 'conditional orders' and OKX 'strategy trading' for automated operations.
Pitfall guide:
Stay away from high-leverage contracts (newcomers have a liquidation rate over 95%).
Beware of 'hundredfold returns' meme coins, 99% are scam projects.
6. Recommended learning resources.
Data analysis: CoinMarketCap (market data), DeFiLlama (on-chain data).
Information platforms: Jinse Finance, CoinDesk (authoritative news).
KOL recommendations: Follow @VitalikButerin (Ethereum founder), @cz_binance (CEO of Binance) on Twitter.
Tutorial courses: Binance Academy (free systematic courses), Bilibili (Xiao Zhen's blockchain public course).
Special reminder.
Must-read for newcomers:
Only invest spare money and be mentally prepared for total loss.
Reject FOMO (fear of missing out), don’t panic during crashes, and don’t chase prices during surges.
Regularly withdraw profits, recoup the investment before rolling over.
