The categories of digital currencies are diverse, including: currency type (BTC), platform type (ETH), application type (SC), stablecoin type (USDT), and dividend type (repurchase BNB). Digital currencies have various attributes.#
Newcomers to the crypto world only need 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 skyrocket! So, what essential knowledge is required for trading coins?
Many beginners entering the digital currency and blockchain field are often confused not by the choice of coins but by the numerous professional terms. For those who truly want to enter the industry, what foundational knowledge is necessary for wealth accumulation?
The following organizes relevant professional terms for reference:
1. Common Knowledge for Trading Coins: Basic Characteristics of Virtual Currency Trading#
- Trading Time: Open year-round, 24/7.
- No Price Limits: Virtual currency trading is not subject to price limits; for example, on May 28, Bitcoin's daily increase exceeded 20%, while stocks have such restrictions.
- Trading Unit: The minimum purchase is 0.0001 BTC (approximately 0.6 yuan), with no minimum purchase threshold like one lot (100 shares) in stocks.
- Anytime Trading: Implements a T+0 mechanism, allowing same-day buying and selling; stocks are T+1, requiring the next day for trading.
- Unlimited Withdrawal and Cashing: Funds can be withdrawn or cashed at any time, with very high liquidity.
There are many informal exchanges in the market, and newcomers often lack the experience to judge their reliability. It is recommended to first register on reputable established platforms—
The latest ranking of the top 10 virtual currency trading platforms in China for 2025 is out 🔥【Worth collecting】
2. Common Knowledge for Trading Coins: Basics for Virtual Currency Trading Beginners#
- Bitcoin and Ethereum are hard currencies in the blockchain field. If newcomers are unsure about their investment direction, it is recommended to choose BTC and ETH.
- There are many types of digital currencies, including currency type (BTC), platform type (ETH), application type (SC), stablecoin type (USDT), and dividend type (repurchase BNB), reflecting their diverse attributes. Beginners should focus on distinguishing between valuable coins and worthless coins; valuable coins can be held long-term, while worthless coins should be avoided even if they see significant increases!
- Fiat currency purchase channels include over-the-counter trading platforms and private OTC. Over-the-counter platforms usually support multiple assets like BTC/ETH/EOS, while private OTC varies in scale, mostly limited to hard currencies like BTC and ETH. Avoid private transactions without guarantees to prevent scams that are hard to recover from.
3. Common Knowledge for Trading Coins: Common Professional Terms in Virtual Currency Trading#
- Position: Refers to the ratio of the investor's actual holdings to total funds.
- Full Position: All funds are invested in purchasing virtual currency.
- Reducing Position: Partially selling virtual currency but not liquidating the entire position.
- Heavy Position: The proportion of virtual currency holdings exceeds available funds.
- Light Position: The proportion of available funds exceeds virtual currency holdings.
- Empty Position: Liquidating all virtual currency holdings and converting to cash.
- Take Profit: Selling after reaching expected returns to lock in profits.
- Stop Loss: Selling when losses reach a specific level 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 pessimistic.
4. Common Knowledge for Trading Coins: Digital Currency Security Issues#
Digital currency security has always been a major challenge in the crypto world. Even depositing assets in exchanges cannot guarantee absolute safety. For example, large platforms like Binance have faced multiple hacker attacks, and smaller exchanges are more likely to become targets. To ensure asset security, it is recommended to store digital currencies in private electronic wallets. Software wallets save assets through applications and have lower security; hardware wallets like onekey (similar to USB devices) provide higher protection.
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 collect all mainstream exchanges' latest anti-loss domain names on one webpage 👉🏻: https://vlink.cc
🔥 Solutions for Accessing OKX, Binance, Huobi, and Other Exchanges from Mainland China#
Many exchanges' original domain names may be restricted or experience access delays due to overseas servers, leading users to mistakenly believe the platform is down, when it is actually a network environment issue. To address this, platforms like OKX and Binance regularly update backup domain names to ensure users can access the official website through alternative addresses.
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- OKX Backup Domain Overseas OKX - Requires VPN or Backup Link
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- Binance Backup Domain Binance
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- Bitget Backup Domain Bitget
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- Bybit Backup Domain Bybit/Bybitglobal
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- Huobi HTX Backup Domain Huobi/HTX
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- Gate Backup Domain Gate.io
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4️⃣ Morelogin Multi-Account Fingerprint Browser www.morelogin.com
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