1. Basic Understanding: Grasp the 3 core concepts
Blockchain: A globally public 'ledger', data is transparent and immutable, forming the basis of technologies like Bitcoin, Ethereum, etc.
Mainstream Cryptocurrencies:
Bitcoin (BTC): Digital gold, the preferred choice against inflation, with lower long-term holding risks.
Ethereum (ETH): Smart contract platform, supporting ecosystems like DeFi, NFT, etc.
Key Terms:
Gas Fee: On-chain transaction fee, need to confirm real-time rates before transfer.
DeFi/NFT: Decentralized finance and digital asset certificates, recommended to start experiencing from staking and exchange sectors.
Step two, practical operation: Choose a safe trading platform
Recommended exchanges:
Binance: The largest in the world, supports fiat deposits, newcomer friendly.
OKX: A complete Chinese interface, offering spot, contract, and multi-functional services.
Step three, first purchase of cryptocurrency: 4 steps
Fiat deposit: Purchase USDT through Alipay/bank card (pegged with USD 1:1).
Purchase mainstream coins:
70% fund allocation in BTC/ETH, 20% in platform coins (like BNB), 10% exploring potential coins.
Use 'market orders' for quick transactions, avoiding limit order slippage risk.
Small investment trial: The initial investment should not exceed 5% of the liquid funds.
Asset safety storage: Wallet selection guide
Short-term trading: Use the exchange wallet, but avoid storing a large amount of assets for the long term.
Long-term holding:
Hot wallets: MetaMask, Trust Wallet, suitable for daily small transactions.
Cold wallet: Ledger, Trezor, physical devices for offline storage, highest security.
Risk management: Avoid becoming 'chives'
Position allocation:
Mainstream coins 70% + potential coins 20% + cash 10%.
Dollar-cost averaging strategy: Buy BTC/ETH on a fixed date each month to average costs.
Take profit and stop loss:
Sell in batches when profits reach 30%, and enforce stop-loss at 15% loss.
Use Binance 'conditional orders' and OKX 'strategy trading' for automated operations.
Pitfall guide:
Stay away from high-leverage contracts (newcomers have over 95% liquidation rate).
Beware of 'hundred times returns' meme coins, 99% are scams.
Learning resources recommendation
Data analysis: CoinMarketCap (market data), DeFiLlama (on-chain data).
Information platforms: Jinse Finance, CoinDesk (authoritative news).
KOL recommendations: Follow @VitalikButerin (Ethereum founder) and @cz_binance (Binance CEO) on Twitter.
Tutorial courses: Binance Academy (free systematic course), Bilibili (Xiao Zhen's blockchain public course).
Special reminder
Must-read for newcomers:
Invest only with spare money and be mentally prepared for total loss.
Reject FOMO (fear of missing out), do not panic during crashes, and do not chase after surges.
Regularly withdraw profits, recover the principal before snowballing. Chen Xi only engages in real trading, and there are spots available in the team, hurry up #ETH $BTC #滚仓 #新手必看
