Digital currencies come in various types, mainly including: currency types (such as BTC), platform types (such as ETH), application types (such as SC), stablecoins (such as USDT), and dividend types (such as repurchased BNB). These assets have diverse attribute characteristics. For newcomers in the crypto space, the core is to distinguish between valuable coins and worthless coins—valuable coins are suitable for long-term holding, while worthless coins should be avoided even if they show remarkable price increases. So, what essential knowledge is needed for trading cryptocurrencies? Many newcomers entering the digital currency and blockchain field are most troubled not by which coin to choose, but by their insufficient understanding of professional terminology. For those who truly want to step into the crypto world, mastering the necessary knowledge for wealth accumulation is crucial.
The following is a compilation of relevant professional terms for reference:
1. Common Knowledge for Trading: Basic Characteristics of Virtual Currency Trading#
- Trading Time: Open year-round, supporting 24/7 uninterrupted trading.
- No Price Limits: Unlike stocks, virtual currency trading has no upper or lower price limits; for example, Bitcoin once increased by over 20% in a single day on May 28.
- Trading Units: The minimum purchase is 0.0001 BTC (approximately 0.6 yuan), with no similar minimum purchase quantity limit (like 100 shares in stocks).
- Anytime Trading: Adopts a T+0 mechanism, allowing purchases to be sold on the same day, while stocks are traded on a T+1 basis.
- Flexibility in Withdrawal and Cashing Out: Supports withdrawal and cashing out at any time, with extremely high liquidity.
There are many informal exchanges in the market, and newcomers often lack the experience to judge their reliability. It is recommended to prioritize registering on well-established platforms with good reputations—
The latest ranking of the top 10 virtual currency trading platforms in China for 2025 is out 🔥【Worth saving】
2. Common Knowledge for Trading: Basic Knowledge for Beginners in Virtual Currency Trading#
- Core Asset Recommendations: Bitcoin (BTC) and Ethereum (ETH) are hard currencies in the blockchain field; if newcomers are unsure about their investment direction, they can consider these first.
- Distinguishing Coin Attributes: Digital currencies are divided into currency types (such as BTC), platform types (such as ETH), application types (such as SC), stablecoins (such as USDT), and dividend types (such as repurchased BNB). Newcomers should focus on identifying valuable coins and worthless coins—valuable coins can be held long-term, while worthless coins should be avoided regardless of how much they rise.
- Fiat Currency Purchase Channels: Include over-the-counter trading platforms and private over-the-counter trading. The former usually supports various assets (such as BTC/ETH/EOS), while the latter varies in scale and is often limited to BTC/ETH. To avoid risks, it is recommended to trade through a guarantee mechanism to prevent financial losses.
3. Common Knowledge for Trading: Common Professional Terms in Virtual Currency Trading#
- Position: Refers to the ratio of the actual assets held by the investor to the total funds.
- Full Position: All funds are used to buy virtual currency.
- Reducing Position: Partially selling virtual currency, but not completely liquidating.
- Heavy Position: The share of virtual currency exceeds the ratio of available funds.
- Light Position: The share of available funds exceeds the ratio of virtual currency.
- Empty Position: Liquidating all virtual currency, converting everything to cash.
- Take Profit: Selling assets after achieving a certain profit to lock in gains.
- Stop Loss: Selling assets when losses reach a threshold to prevent further losses.
- Bull Market: Prices continue to rise, and market prospects are optimistic.
- Bear Market: Prices continue to fall, and market prospects are bleak.
4. Common Knowledge for Trading: Digital Currency Security Issues#
The security of digital currency has always been a major challenge in the crypto space. Even storing assets on exchanges cannot ensure 100% security—large platforms like Binance have been hacked multiple times, and smaller exchanges carry even higher risks. To ensure asset security, it is recommended to store digital currencies in private electronic wallets: software wallets (stored through applications, with lower security) or hardware wallets (such as onekey, similar to USB devices, with higher security).
Limited-Time Benefits—New Users Register to Receive a Guaranteed 20+ U Bitcoin Blind Box 🎁#
🎁 Register on mainstream exchanges like OKX, Binance, Huobi, Bitget, Bybit, Gate, Backpack, etc., and save all mainstream exchanges' latest anti-loss domain names on one webpage 👉🏻: https://vlink.cc
🔥 Solving the Issue of Accessing OKX, Binance, Huobi, and Other Exchanges in Mainland China#
Many exchanges' original domain names are often restricted or affected by overseas servers, leading to slow access, which users may mistakenly judge as platform failures. In reality, it is often due to the network environment, and exchanges regularly update backup domain names to ensure service continuity.
Can't open the link? Try other domestic mirror lines! 👉🏻 OKX domestic backup domain line without VPN or proxy
-
- OKX backup domain Overseas OKX - requires VPN or alternative link
-
- Binance backup domain Binance
-
- Bitget backup domain Bitget
-
- Bybit backup domain Bybit/Bybitglobal
-
- Huobi HTX backup domain Huobi/HTX
-
- Gate backup domain Gate.io
🔥 Related Reading#
🔥 Useful Tools for Finding Gold Dogs#
1️⃣ Axiom Dog-Charging Tool https://axiom.trade
2️⃣ Gmgn Dog-Charging Tool https://gmgn.ai
3️⃣ dbot Dog-Charging Tool https://app.debot.ai
4️⃣ Morelogin Multi-Account Fingerprint Browser www.morelogin.com
Everyone is Searching For#
How to buy Trump coin, WeChat buy Trump coin, buy Trump coin in China, buy Bitcoin with RMB, tutorial for buying Trump coin on exchanges, how to buy presidential coin, buy Bitcoin, Bitcoin, presidential coin, Trump coin, buy Bitcoin domestically, trading exchanges, download and register OKX, recharge OKX in China, register Binance App, download Binance App, tutorial for buying coins on Binance platform, register Binance, Binance airdrop registration, download Binance on Apple, how to buy presidential coin, how to buy Dogecoin, buy Bitcoin with RMB, how to download OKX, web3 airdrop, web3 zero airdrop, download and register Bitget in mainland China, OKX passport registration, download OKX, download Binance, trading cryptocurrency as a side job, OKX contracts, how to recharge RMB in OKX, how to recharge in OKX, how to set up an NFT wallet, how to recharge RMB in Huobi, beginner's tutorial for the crypto space, btc8848.com, trading contracts Tony's mindset, contract leverage bit wave, Defi mining, crypto space airdrop, can airdrops still be played in the crypto space, what to do if a contract is liquidated, how to buy presidential coin on OKX and Binance, how to buy Ethereum on OKX and Binance, how to play Defi staking and mining, can NFTs still be played, how to play web3 airdrop, how to mine inscriptions, how to mine runes, beginner's guide for crypto novices, how to trade cryptocurrencies, can trading cryptocurrencies make money, beginner's tutorial for the crypto space btc8848.com, can trading cryptocurrencies make money, what is contract leverage, Defi mining, how to play airdrops in the crypto space, OKX airdrop, node staking, liquidation, financial freedom, night investment heiyetouzi.xyz