How to buy bitcoin in mainland China

(1) How to invest in bitcoin in China

Don’t invest in bitcoin, bitcoin is a worthless rubbish coin, which is issued to the leeks who want to get rich overnight, and is given to Buffett for nothing Do not want any!

(ii) Can bitcoin be traded in China? Why?

Bitcoin can be traded in China. In September 2017, the Chinese government closed the recharge and withdrawal functions of the trading platform and banned bitcoin trades, but the way Bitcoin trades remains. Many countries have legalized Bitcoin, so transactions are naturally allowed. They naturally have some exchanges, so exchanges like Binance can still trade after climbing the wall. These are relatively large and well-known trading platforms, and there are many others that can be traded.

The state’s attitude towards ordinary people’s participation in bitcoin transactions is explained in a simple way: This is a very risky matter, and everyone should participate with caution. If you do, you should bear the loss yourself. The state’s attitude towards whether ordinary people can participate in bitcoin transactions is: not encouraged, not prohibited, and at your own risk. We can say with certainty that it is legal for ordinary people to buy and sell bitcoin, as long as it is not used for illegal activities, it is legal, and of course buying and selling bitcoin itself is not a pyramid scheme.

(iii) Can bitcoin be traded in mainland China, and where can it be traded? Is it legal?

Unfortunately, bitcoin can no longer be traded in mainland China. Bitcoin China announced that it will stop all trading operations on September 30, 2017.

Expansion information:

Following the announcement that Bitcoin China and Webit, the Bitcoin trading platforms in Shanghai and Shenzhen respectively, will close their trading business on September 30, 2017, on September 15 On the evening of the same day, Huobi.com and OKCoin, two other large-scale domestic bitcoin trading platforms headquartered in Beijing, both announced that from 21:30 on September 15, 2017, registration and RMB recharge services will be suspended; Before October 30, all users will be notified that trading will be stopped, and before October 31, all digital asset-to-RMB transactions will be gradually stopped.

According to worldcoindex data, since September 1, Bitcoin has fallen from $4,800 to $3,655, a drop of 24%, and its market value has shrunk by nearly $20 billion.

In the same period, ether fell by 37.5% in the international market, and Litecoin fell by 31%. In the past two weeks, Litecoin has fallen by more than 40% on the three major domestic trading platforms.

㈣ Can Bitcoin be traded in China?

Bitcoin cannot be traded in China.
On September 4, 2017, the People’s Bank of China and other seven ministries and commissions issued the “Announcement on Preventing Token Issuance Financing Risks”, requiring a comprehensive clean-up and rectification of the transactions of financing tokens and virtual currencies in China.
On September 14, 2017, the regulatory authorities have come to a conclusion on the domestic bitcoin trading platform: “All closed, and will be withdrawn from the market in the near future.” Announced the cessation of all trading operations.

㈤ How to buy BTC in China is relatively simple, do you have any platform recommendations?

Remember not to go to small platforms, large platforms are generally very user-friendly, you can download an OKEx APP, the operation is simple, go to The account speed is also fast, basically 1 minute to the account, and after the purchase, it can be stored in the wallet of the APP.

㈥ How to buy bitcoin first in China

It can be recharged by means of C code
The concept of bitcoin (Bitcoin) was first introduced by Satoshi Nakamoto on November 1, 2008 It was proposed on January 3, 2009, and was officially born on January 3, 2009.
The open source software designed and released according to the ideas of Satoshi Nakamoto and the P2P network built on it. Bitcoin is a P2P form of digital currency. Bitcoin’s transaction records are open and transparent [50]. Point-to-point transmission means a decentralized payment system
【Expanded information】:
1. Development history: The global financial crisis broke out in 2008. On November 1 of the same year, a self-proclaimed Satoshi Nakamoto The person published the Bitcoin white paper on the P2P foundation website, stating his new vision for electronic money – Bitcoin was born. On January 3, 2009, the Bitcoin genesis block was born.
2. Compared with fiat currency, Bitcoin does not have a centralized issuer, but is generated by the calculation of network nodes. Anyone can participate in the production of Bitcoin, and it can be circulated around the world, and can be received at any one. Anyone can mine, buy, sell or receive bitcoins, no matter where they are, and the user’s identity information cannot be identified by outsiders during the transaction process. On January 5, 2009, Bitcoin, which is not controlled by the central bank and any financial institution, was born. Bitcoin is a digital currency consisting of strings of complex codes generated by a computer, and new bitcoins are made through a preset program.
3. Economists of the Keynesian school believe that the government should actively regulate the monetary aggregate, and use the tightness of monetary policy to fuel or brake the economy in a timely manner. Therefore, they think thatA fixed-cap currency sacrifices controllability and, worse, will inevitably lead to deflation, which in turn will hurt the economy as a whole. The Austrian school economists hold the opposite view. They believe that the less the government intervenes in the currency, the better, and the deflation caused by the fixed monetary aggregate is not a big deal, and even a sign of social progress.
4. The Bitcoin network generates new Bitcoins through “mining”. The so-called “mining” is essentially using a computer to solve a complex mathematical problem to ensure the consistency of the distributed accounting system of the Bitcoin network. The Bitcoin network automatically adjusts the difficulty of math problems so that the entire network gets a qualified answer about every 10 minutes.

㈦ How to trade domestic bitcoins

There are two types of bitcoin transactions, one is spot trading on a centralized trading platform, the other is Transactions on the decentralized trading platform are similar in ways

, where buyers and sellers trade at an appropriate price

1. Centralized exchanges are similar to stock market transactions, where pending orders are traded, For real-time transactions, you can refer to several well-known trading platforms with the largest trading volume in the world, Huobi OKEX Binance

2, decentralized exchanges, through direct transfers between wallets, not through the platform , similar to the platform side matching transactions, disadvantages: no pending order transactions, slow transaction

㈧ How to trade bitcoin in China

  1. gate platform can trade bitcoin webpage Link, after login, you can register for trading. This platform is the original Biter, and now it has moved overseas. You know, the big platform is reliable. It is recommended not to trade privately. Without a platform, it is easy to be deceived.

If it helps you, remember to accept it, thank you!

0

Related Ad

Comments (No)

Leave a Reply