You need to buy BTC first
Because usdt is equivalent to self digital currency anchoring the price of US dollar, the price fluctuation is very small and very stable. The purpose of buying it first is to use usdt as the settlement currency in the currency to currency exchange trading. You can directly use usdt to buy bitcoin, which is convenient and fast. Generally speaking, you buy usdt first in the okex exchange, and then you trade bitcoin in the currency exchange, OK, there are many tutorials
extended data:
the two main settlement units of bitcoin are US dollar and usdt (actually can be understood as RMB). In the current market, the main exchange settled in US dollars is coinbase in the United States, which allows users to recharge directly with legal currency
while other large exchanges usually settle in usdt, such as coin an, fire coin, okex, etc., which are all currency transactions. They need to convert legal currency into usdt over the counter (OTC), and then deposit it in the exchange
chainalysis reported that e to the influence of the general environment and other factors, 99% of the spot transactions of bitcoin in China are settled by usdt, which is the main channel for the entry and exit of RMB, that is, the main trading market of usdt is in China
take a look at the trend of bitcoin in the past five years. The fluctuation is still very large. The income is directly proportional to the risk. If you want to have high income, you have to bear high risk. Judging from the current price of bitcoin, it is not suitable to enter the market, because it is already at a high level and the rising space is difficult to predict, However, it is very easy to rece the price
the value of bitcoin has not been generally recognized by the government, and the risk is still very high. It is suggested to choose other investment procts
when you have a large amount of bitcoin or want to hold it for a long time, it is recommended that you put it directly into the cold wallet.
