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How to Legally Buy Bitcoin on Binance Exchange in Mainland China? Beginner's Guide to Safe Trading

#交易所#币安#币安交易所#比特币0
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To buy Bitcoin on Binance in mainland China safely and compliantly, users should follow these steps: 1. **Accessing Binance**: Use a domestic domain mirror site for Binance to bypass access restrictions. This ensures a stable and secure connection. 2. **Downloading the App**: Download the official Binance app through the provided domestic link to avoid counterfeit versions. The app supports multi-factor authentication for account security. 3. **Registration and KYC**: Register using a common email or phone number and complete identity verification (KYC) to enhance transaction limits and reduce risks. 4. **Funding the Account**: Due to restrictions on direct RMB deposits, users can purchase Bitcoin via OTC (over-the-counter) transactions or buy USDT first and then exchange it for Bitcoin. 5. **Buying Bitcoin**: Log in to the Binance platform, navigate to the OTC section, select a reputable seller, and complete the payment as instructed. Bitcoin will be credited to your account upon confirmation. 6. **Asset Management**: Enable two-factor authentication, bind your phone and email for recovery, regularly check account activity, and avoid public networks to enhance security. 7. **Trading Recommendations**: Start with spot trading and be cautious with leverage. Regularly monitor Binance announcements and adjust positions accordingly. By following these guidelines, users can navigate the complexities of buying Bitcoin in China safely and effectively.

When buying Bitcoin on the Binance exchange in mainland China, the key is to operate in a compliant and secure manner. Although Binance cannot be accessed directly through its official main site, domestic users can complete transactions through dedicated domestic domain navigation and app download channels, ensuring smooth and secure access. Below, I will explain how to get started from scratch so you can buy coins with peace of mind.

Binance

Navigation Links: OKX, Binance, HTX, Gate, Bitget, Bybit

Accessing Binance's Domestic Official Mirror Site#

In the domestic network environment, direct access to the official Binance website may sometimes encounter access restrictions. For convenience, domestic users can use the Binance Domestic Domain Navigation provided by Navigation Links, which is a stable and fast mirror site of Binance's official website, ensuring you can log in and operate smoothly.

Using this mirror site allows you to maintain the native experience of Binance while avoiding network interruptions and domain resolution issues. The mirror site synchronizes Binance's main site data in real-time every day, ensuring security and stability.

Downloading the Official Binance App#

Using the Binance app on mobile is more convenient, making trading and asset management quicker. Domestic users should avoid downloading the app from unofficial channels due to significant security risks.

Obtain the official latest version of the app through the Binance App Domestic Download Link provided by Navigation Links to avoid downloading counterfeit software or phishing versions. The app link here directly points to the official Binance package, optimized for domestic networks, ensuring a smooth experience.

After downloading and installing, registering an account and logging in is very convenient. The Binance app supports multi-factor authentication and asset protection, ensuring account security.

Registration and Identity Verification#

Whether using the mirror site or the app, the first step is to register a Binance account. It is recommended to register using a commonly used email or phone number, and do not repeat accounts.

After registration, you must complete identity verification (KYC) by uploading identification documents and personal information. Identity verification not only complies with regulatory requirements but also increases the trading limits and withdrawal limits of your account, reducing risks.

Binance places great importance on compliance, and completing identity verification can ensure smooth subsequent operations and avoid account freezes.

Funding Methods#

Directly funding a Binance account with RMB in mainland China has certain restrictions. The funding methods supported by Binance suitable for mainland users are mainly:

  • Buying Bitcoin through OTC (Over-the-Counter): OTC transactions are conducted between both parties using fiat currency, with various payment methods (bank transfer, Alipay, WeChat, etc.), making it flexible and convenient to buy coins.
  • Buying Bitcoin using USDT as an intermediary: First, buy the stablecoin USDT through OTC, then exchange USDT for Bitcoin.

The OTC market is the mainstream funding method for mainland users, with sufficient market depth, transparent pricing, and active trading.

Brief Steps to Purchase Bitcoin#

  1. Log in to the Binance domestic mirror site or open the Binance app that has been downloaded and installed.
  2. Go to the OTC interface of Binance. Select the fiat currency category RMB (CNY).
  3. Browse the seller list and choose a seller with a good reputation and reasonable price.
  4. Enter the purchase amount, generate the order, and complete the payment according to the seller's instructions (such as bank transfer, mobile payment, etc.).
  5. After confirming the payment, wait for the seller to confirm the release of the coins.
  6. Once the transaction is complete, Bitcoin will be credited directly to your Binance account.

This way, the entire process of buying coins is completed within the Binance platform, ensuring safety.

Asset Security Management Tips#

After buying Bitcoin, managing your assets is also crucial:

  • Enable Two-Factor Authentication (2FA). Use Google Authenticator or SMS verification to protect account login.
  • Bind your account to a mobile phone number and email for quick recovery in case of anomalies.
  • Regularly check account login and withdrawal records, and address any anomalies immediately.
  • Avoid logging into your account on public networks or public computers to reduce the risk of information leakage.
  • When using the Binance app, update to the latest version in a timely manner to avoid security vulnerabilities.

Buying Bitcoin is not difficult; the key is to ensure the long-term security of your funds and account.

Daily Trading Operation Suggestions#

Binance offers a rich variety of trading pairs and trading methods:

  • Spot trading allows you to buy and sell Bitcoin and various mainstream coins.
  • Leverage trading should be approached with caution due to higher risks, and is not recommended for beginners.
  • Assets can be withdrawn to your own controlled wallet at any time, increasing asset security.
  • Pay attention to Binance announcements and market trends to adjust positions in a timely manner.

As you gain experience, you can gradually try various derivative tools on Binance, but the focus during the beginner stage should be on stable holding.

Conclusion#

To legally buy Bitcoin on the Binance exchange in mainland China, the key is to use the domestic mirror site and app download channels provided by Navigation Links to ensure smooth access and reliable software. After registration, carefully complete identity verification to ensure the safety of subsequent transactions. Choose the OTC over-the-counter trading channel for funding, making it convenient and compliant to buy coins. After purchasing coins, be sure to enable two-factor authentication and manage your account assets well. This way, even in a complex network environment, buying Bitcoin can be smooth and secure. Mastering these key points will allow you to quickly grow from a novice to an experienced user who can operate independently on the Binance platform.

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