How do you actually buy and sell virtual currency?
Many people want to buy virtual currency but get stuck at the first step. The whole process isn't complicated — it's about as difficult as buying something on an e-commerce site. Today I'll explain buying and selling step by step. First you need a trading account — register here, then download the app and follow along.
Complete buying process
Buying virtual currency involves two steps: first convert fiat to USDT, then use USDT to buy your desired coin.
Step 1: Buy USDT with fiat (P2P trading) — Open app, find "Buy Crypto" or "P2P," select USDT, enter amount, pick a well-rated merchant, pay via their preferred method, tap "I've Paid," wait for merchant to release coins (1-15 minutes).
Important: Always place the order in the app first, then pay. Never transfer money directly to strangers. Don't include any crypto-related words in payment notes. Start small for your first time.
Step 2: Buy Bitcoin with USDT (spot trading) — Transfer USDT from P2P to spot account if needed, go to spot trading, search "BTC/USDT," choose market order (instant) or limit order (set your price), confirm purchase.
Complete selling process
Reverse the two steps: sell coin to USDT, then sell USDT for fiat via P2P.
Common order types
Market order: Instant execution at current price. Limit order: Set your desired price, fills when reached. Stop-loss order: Auto-sell when price drops to your level. Take-profit order: Auto-sell when price reaches your target.
Timing tips
Don't chase pumps. Don't panic sell. Buy in batches instead of all at once. Set stop-losses before buying and stick to them.
Watch out for fees
Spot trading: typically 0.1% (charged on both buy and sell). P2P: usually no fee but there's a bid-ask spread. Don't over-trade — fees add up.
Common beginner mistakes
- Confusing accounts (spot, P2P, futures — make sure funds are in the right one)
- Wrong network when withdrawing (selecting the wrong chain can lose coins)
- Entering wrong amounts
- Not setting stop-losses
Follow these steps and completing your first virtual currency trade should be no problem. Start small and scale up once you're comfortable.