Can ordinary people engage in Bitcoin transactions? Tutorial for ordinary people to participate in Bitcoin buying and selling transactions

For ordinary people, Bitcoin trading is still an area full of challenges and opportunities. Bitcoin, as a decentralized cryptocurrency, has become one of the most popular investment projects at the moment. Many people want to know Can ordinary people engage in Bitcoin transactions? There is no threshold for playing with Bitcoin, investors can do it on the trading platform. Some people may also worry that since there is no threshold set, is it safe for ordinary people to trade in Bitcoin? Investors can take some measures to improve security. The editor below will tell you in detail.

Can ordinary people engage in Bitcoin transactions?

Ordinary people can participate in Bitcoin transactions. Bitcoin trading platforms provide a convenient and fast way for anyone to buy, hold and trade Bitcoin. Currently, common Bitcoin trading platforms include OuYi, Binance, Huobi, etc. The following is a tutorial for Bitcoin trading on OuYi:

1. Open the official website of OuYi OKX exchange (click to register), Enter your email address on the home page and click "Register"

2. Slide the slider to the right to complete the puzzle for verification, then enter the verification code received by email and the validity period of the verification code 10 minutes

3. Then enter the mobile phone number and click "Verify Now"

4. Enter the mobile phone number The six-digit verification code you receive is also valid for 10 minutes

5. Select your country/region of residence, check the Terms of Service, "Risk and Compliance Disclosure" and Privacy Policy and Statement

#6. Create a password that must be 8-32 characters in length, 1 lowercase letter, 1 uppercase letter, 1 number, and 1 symbol , such as: !@ # $ % and other conditions

7. After logging in to the account, find the "User Center" icon on the homepage and enter the identity authentication page

8. Different levels of authentication can be carried out according to different needs (note: video authentication needs to be operated on the APP)

9. Conduct transactions You need to have USDT in advance. You can buy coins for transactions in C2C. Select the appropriate merchant according to your needs, click "Buy", then make payment according to the prompts and wait for the merchant to release the coins (if you do not receive the currency for a long time, you can contact customer service for processing)

10. Click "Transaction" - "Coin" on the homepage to enter the transaction page

11. Enter BTC in the search box and select the BTC/USDT trading pair. You can see the real-time BTC market price

12. Enter the amount of BTC to buy and click Buy BTC; enter The amount of BTC to sell, click Sell BTC to complete the sale transaction

Is it safe for ordinary people to trade in Bitcoin?

There are certain risks in ordinary people's Bitcoin transactions, but risks can be effectively reduced by carefully choosing trading platforms, protecting the security of personal accounts, and carefully handling personal information. Ordinary people want to participate in Bitcoin relatively safely. For currency trading, the following are specific precautions:

1. Choose a trustworthy trading platform:

Choose a well-known and reputable cryptocurrency trading platform for transactions. Ensure that the platform has adopted adequate security measures, such as multi-factor authentication, fund cold storage, etc.

2. Protect personal account security:

Use a strong password to protect the trading platform account and enable the two-step verification (2FA) function. Change your passwords regularly and avoid using public or unsecured networks to log in.

3. Handle personal information with caution:

Do not easily leak personal information to any person or platform, especially sensitive information such as private keys or transaction passwords.

4. Try small-amount transactions for the first time:

If it is your first time to participate in Bitcoin transactions, it is recommended to conduct small-amount transactions first to familiarize yourself with the transaction process and operation methods.

5. Timely update security patches:

For the trading platform or wallet software you use, you must keep timely updates of security patches to prevent known vulnerabilities or security issues.

6. Pay attention to transaction risks:

The Bitcoin market is highly volatile, and the price may change at any time. Understand the risks and volatility of trading, choose your trading opportunities carefully, and invest only what you can afford.

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