How to buy and sell Bitcoin in China now

The main ways for residents in mainland China to buy and sell Bitcoin are as follows: 1. Through centralized exchanges; 2. Through OTC over-the-counter transactions; 3. Through peer-to-peer trading platforms

In the turmoil of digital currencies, Bitcoin has always been the focus of attention. As one of the world's largest Bitcoin trading countries, buyers in mainland China are exploring diversified purchasing methods and looking for the best trading platform.

The main ways for residents in mainland China to buy and sell Bitcoin are as follows:

1. Through centralized exchanges

Centralized exchanges are currently the most common How to trade Bitcoin. Users can register for a centralized exchange account and then purchase Bitcoin through bank cards or other payment methods. The advantage of centralized exchanges is that transactions are convenient and fast, but the disadvantage is that Bitcoins need to be stored in exchange accounts, which poses security risks.

2. Over-the-counter trading through OTC

OTC over-the-counter trading means that both parties to the transaction directly conduct Bitcoin transactions without going through a centralized exchange. The advantage of OTC OTC trading is that the trading method is flexible and can meet the personalized needs of different users. The disadvantage is that the transaction price may not be as good as that of centralized exchanges.

3. Through the peer-to-peer trading platform

The peer-to-peer trading platform is a platform for matching Bitcoin transactions. Both parties to the transaction can conduct transactions directly on the platform. The advantage of a peer-to-peer trading platform is transaction security, but the disadvantage is that transaction efficiency may not be as good as centralized exchanges.

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Specifically, the steps for buying and selling Bitcoin through a centralized exchange are as follows:

Select a centralized exchange and register an account.

Complete identity verification.

Recharge or other legal currency.

Select a Bitcoin trading pair and place an order to buy Bitcoin.

Confirm the transaction and complete the payment.

The steps to buy and sell Bitcoin through OTC are as follows:

Select an OTC platform.

Publish trading information or find counterparties.

Negotiate transaction prices and payment methods with counterparties.

Seal the deal.

The steps to buy and sell Bitcoin through a peer-to-peer trading platform are as follows:

Select a peer-to-peer trading platform.

Register an account and complete identity verification.

Publish trading information or find counterparties.

Negotiate transaction prices and payment methods with counterparties.

Trade on the platform.

As the digital currency market continues to develop, mainland Chinese buyers have more and more purchasing options. It should be noted that the Chinese government has always been cautious about virtual currencies, so there are certain policy risks in domestic Bitcoin transactions.

Investors should pay attention to the following matters when conducting Bitcoin transactions:

Choose a compliant trading platform.

Take precautions against risks.

Don’t invest blindly.

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