Want to learn virtual currency trading but have no idea where to start? This tutorial is designed for absolute beginners — by the end, you'll be able to complete your first trade. Register a trading account, download the APP, and get ready to follow along.
What Virtual Currency Trading Means
Simply put: buying and selling virtual currencies for profit, similar to stock trading logic. Buy when you think a coin will go up, sell after it rises. The crypto market runs 24/7 with no daily limits, and the entire world trades on the same market.
Getting Started
Choose Binance — Comprehensive features, great security, low fees, excellent Chinese support. Register: Email/phone → Password → Verify → Download APP → KYC. About ten minutes total. Security: Bind Google Authenticator, set anti-phishing code, enable biometric login.
Depositing — Converting Local Currency to USDT
The crypto market doesn't accept local currency directly — buy USDT first as an intermediary. In C2C trading, buy USDT, pay via your preferred method. First time? Start under 300 yuan.
Spot Trading — The Most Basic Buy/Sell
Buying: Transfer USDT from C2C to Spot → Search coin (BTC, ETH) → Select pair → Market order (instant) or Limit order (set price) → Confirm.
Selling: Same process in reverse.
Reading the trading page: Current price, order book (buy/sell orders), K-line chart, 24h change.
Cashing Out
Sell coins to USDT in spot → Transfer to C2C account → Sell USDT in C2C → Set payment method → Buyer pays → Confirm receipt → Release coins.
What Should Beginners Buy
BTC and ETH first — Largest market cap, relatively stable, won't go to zero. Avoid small-cap coins — Extreme volatility. Avoid meme coins — Too risky for beginners.
Position Management
Don't go all-in — Split your planned investment into 3-5 portions. Keep reserves — Always hold some USDT as backup. Set stop-losses — Decide your exit point (e.g., 10-15% loss) before buying.
Mindset Management
Don't be greedy — Take profits at your target. Don't panic — Stick to your plan unless stop-loss is hit. Don't follow the crowd — When everyone's shouting "buy," that's when you should be calm.
Virtual currency trading isn't hard to learn, but doing it well takes time and experience. Keep learning, start small, build gradually, and you'll develop your feel for the market.