Essential Knowledge Manual for Cryptocurrency Investment#
1. Basic Characteristics of Virtual Currency Trading#
- 24/7 Trading: The market operates continuously 7×24 hours
- No Price Limit: Daily fluctuations can exceed 20% (e.g., Bitcoin's historical single-day increase record)
- Flexible Trading Units: Supports purchases starting from 0.0001 BTC (approximately 0.6 RMB)
- Instant Trading Mechanism: T+0 model supports same-day buying and selling
- High Liquidity of Funds: Withdrawals can be made at any time
Newcomers should choose trading platforms carefully, and it is recommended to prioritize leading exchanges in the industry —
The latest ranking of the top 10 virtual currency trading platforms in China for 2025 is out 🔥【Worth collecting】
2. Core Knowledge for Beginners#
- Mainstream Asset Allocation: BTC and ETH are the "hard currencies" in the blockchain field
- Currency Classification Guide:
- Payment Type (BTC)
- Platform Type (ETH)
- Application Type (SC)
- Stablecoin (USDT)
- Platform Equity Type (BNB)
- Fiat Deposit Channels:
- Certified OTC trading platforms
- Guaranteed private OTC
- (Note: Unsecured private trading carries extremely high risks)
3. Trading Terminology Explanation#
Term | Definition |
---|---|
Full Position | All funds invested in digital assets |
Partial Position | Selling part of the held assets |
Leverage Position | Amplifying investment scale through borrowing |
Take Profit Point | Pre-set profit target for automatic liquidation |
Stop Loss Line | Setting maximum loss for automatic exit |
Bull Market | A market cycle of continuous increase |
Bear Market | A long-term declining market environment |
4. Digital Asset Security Guide#
- Exchange Risks: Centralized platforms have theft risks (e.g., Binance's multiple security incidents)
- Wallet Types:
- Hot Wallet: Online software wallet (convenient but higher risk)
- Cold Wallet: Hardware offline storage (recommended to use professional devices like onekey)
- Security Recommendations:
- Use cold storage for large assets
- Enable two-factor authentication
- Regularly change security passwords