🔍 Step One: Prepare capital and choose an exchange
✅ Suggested Principal
Recommended initial capital: 500−500−5000 (based on personal risk tolerance)
Never borrow to invest, only use idle funds
✅ Exchange Selection (a must-read for domestic users)
Recommended Platforms: OKX (欧易), Binance (币安)
Absolute Pitfall Avoidance:
Do not download any 'trading group recommendations' from shady exchanges (99% are scams)
Do not trust small exchanges with high leverage (200x = suicide)
✅ Deposit Tutorial
Complete KYC certification after registration (ID card/passport required)
Fiat Deposit: Buy USDT through OTC (over-the-counter trading)
Transfer to trading account (note the distinction between 'fund account' and 'trading account')
💡 Step Two: Detailed Trading Mode (a must-read for beginners)
🚫 High-risk mode: Contract trading (proceed with caution!)
Perpetual Contracts: No delivery date, but may get liquidated
Leverage Risk:
10x leverage → 10% fluctuation leads to liquidation
100x leverage → 1% fluctuation leads to liquidation (for beginners = giving away money)
Advice: Stay away from contracts unless you have years of futures experience!
✅ Recommended Mode: Spot Trading (coin-to-coin trading)
Low risk: Buy coins directly, no leverage involved
Suitable Strategy:
Regular Investment (buy BTC/ETH with a fixed amount weekly/monthly)
Swing Trading (buy low, sell high; requires learning technical analysis)
💰 Lazy Investment: Earn crypto products
Annualized Return: 5%-40% (varies by platform and cryptocurrency)
Recommended Methods:
Stablecoin Financial Products (USDT/USDC, annualized 5%-10%)
Staking Mining (e.g., ETH2.0 staking, annualized 3%-6%)
📈 Step Three: Survival Rules for Beginners
1️⃣ Start with a small amount (practice with $100 first)
2️⃣ Only trade spot, avoid contracts (to prevent going to zero in 3 days)
3️⃣ Learn basic technical analysis (support/resistance, trading volume)
4️⃣ Strictly set stop-loss (immediately stop loss if losses exceed 5%)
5️⃣ Don't FOMO (Fear of Missing Out) (there are many opportunities in a bull market, don't be afraid of missing out)
🚨 Risk Warning
⚠️ The cryptocurrency market is highly volatile, may rise or fall by 30% in a day
⚠️ Never go All in; manage your positions well
⚠️ Beware of scams (fake exchanges, fake customer service, fake airdrops)
🎯 Summary: What should beginners do?
Choose OKX/Binance for registration
Buy USDT with fiat and start spot trading
Regular investment in BTC/ETH, or try low-risk financial products
Stay away from contracts, avoid leveraged gambling
🔥 The bull market has arrived, but only those who survive can make big money! Start learning now, operate steadily, and wait for wealth to grow! 🚀