So complicated who would use it! It is enough for beginners to buy virtual currency

Posen has been wanting to enter the market to buy virtual currency for a long time. After all, although there are many scams in this new field, there are also many opportunities.

As long as you take risks with caution, investing in virtual currency is a good investment method.


Posen always uses Maicoin , the simplest Taiwanese exchange, and although it is also profitable from small and medium-sized enterprises, the disadvantage is that it sometimes earns a large spread (but not necessarily), and the selection of currencies is very limited.

If you really want to invest in virtual currency , you must use other more mainstream exchanges, but the account opening process is too complicated. I haven’t understood it for a year. After many expert discussions, I once figured out how to open an account in the easiest way for a novice. Here I will share the simplest steps with everyone.

1. Go to the Taiwan Exchange to open an account

Although Maicoin is also an exchange, its spread is usually poor (meaning that it earns you more fees).

Therefore, we will recommend three other Taiwanese virtual currency exchanges: Ace / BitoPro (currency trust) / Max

In these three exchanges, you can directly purchase a few mainstream virtual currencies with NT dollars.

Most recommended Max and BitoPro (coin holder)

Although Max is the same company as Maicoin, most of the time, the price difference is better and the delay time is shorter, and it is known as the only bank trust in the world, which means there is a bank guarantee, but this is an advantage and a disadvantage. That is, the registration of Max is easy to be returned, and the verification of identity is extremely strict. It often takes a week or two to open an account and fails.

Then the usage rules on the Max platform often have small changes, but overall it is the safest one, and Max's USDT exchange rate is very good.

USDT price stable currency, playing a role similar to the US dollar in the trading market

Personally, I think the second choice is BitoPro (coin holder), and my friends do not recommend ACE , but it depends on the actual difference between the two, except for the difference in price difference between the three.

For details on opening an account and depositing money, please refer to the article on Getting Started with MAX Exchange in Five Minutes .

It is recommended to buy USDT linked to the US dollar, because if you buy Bitcoin and transfer it to an international exchange, you will be charged a high fee.

2. Go to an international exchange to open an account

In order to buy more small coins, I will go to a foreign exchange to open an account.

Basically, when you buy "fiat money" (fiat money means more mainstream virtual currencies, such as bitcoin, ether, and USDT, etc.) with NT dollars, it will be stored in your "online wallet", basically online The road platform, whether it is Binance or BitoPro (coin trust) or all exchanges like Max, has a built-in "web wallet" on the platform.

The most recommended foreign exchange Binance (Binance)

You can buy a lot of small coins in foreign exchanges. Here, it is recommended that novices choose the Binance exchange with the largest market share. Binance is temporarily the best cryptocurrency trading place with diversity. currency and system stability.

Binance (Binance) is not allowed to visit by US and Chinese residents. Unlike Okex, Huobi relies heavily on the trading volume of Chinese residents. Binance is also a truly global exchange. In the United States, Binance.US is specially provided for US residents. , is relatively strict in regulation.

Basically, when you open an account, you can transfer the USDT you bought on the Taiwan exchange to Binance and place an order to buy the virtual currency you want.

Binance now even seems to support street payments and LINE Pay, you can skip step 1

For details on opening an account and depositing money, please refer to this article on Binance Stored Value (Deposit) Complete Instructions . It is not difficult, mainly because there are a lot of ID proofs to prepare.

In addition, those who are interested can also try to transfer virtual currency to Pionex , this exchange has designed some auxiliary tools (grid trading) that can automatically place orders to buy and sell.

3. Deposit the coins purchased by the pending order into the hot wallet (mobile wallet)

Buying virtual currency on an exchange must have a concept. No matter how big the exchange is, it may collapse, or be raided by the government, or it may be stolen or hacked internally.

Therefore, if you have a certain amount of virtual currency, you need to remit it to your "mobile wallet" (the safest way is to buy and run, don't put virtual currency on the "Internet wallet"), properly back up the private key, and then Find time to practice restoring the wallet on the second device, and be proficient in making sure that the virtual currency is properly stored in the "mobile wallet".

The private key is basically a string of English garbled characters. Once you lose or forget your virtual currency, it will disappear forever, but the advantage is security. As long as others don’t know your private key, no one can touch your money.

If you want to invest for a long time, you can consider removing the mobile wallet app and leaving only the private key, and then come back to harvest after 10 years.

Recommended BRD - Bitcoin Wallet , is a mobile wallet

As mentioned above, for example, transfer the virtual currency from the exchange to the mobile wallet, use the BRD-Bitcoin wallet to receive the bitcoin, back up the private key, and then practice installing the BRD wallet on the second device, enter the private key, and practice restoring , and then remove all wallet apps, so that it is stored offline to some extent.

4. Deposit the coins purchased by the pending order into the cold wallet (hardware card/USB)

Basically, even if you delete the app, it is not really offline. If you have a huge amount of virtual currency and it is known, people with intentions may still steal your virtual currency through technical cracking.

Therefore, as long as the amount of virtual currency you own exceeds 10,000 to 20,000 US dollars, it is recommended that you spend money to buy a cold wallet (hardware wallet) and store the virtual currency you own in it. The price of the cold wallet is about NT$ 3,000 - NT In the $10,000 range, storing virtual currency in a cold wallet is the safest way known so far. In theory, it is impossible for others to access it from the outside, but the key point is that the private key and the 12 annotation words generated during the setting must be stored properly.

Cold wallet recommended hardware wallet-CoolWallet S

The detailed usage of cold wallet can be seen in MIT's safe and convenient hardware wallet - CoolWallet S

Note: The Ledger Nano is a more expensive hardware wallet (hardware USB) and another option.

The best time to invest in virtual currencies was ten years ago, the next best time is now

In fact, I wanted to invest in virtual currency for a long time, but I really can't figure out a lot of exchanges, cold wallets, hot wallets, mobile wallets, and online wallets. I don't know how to choose the best one. It’s been a year or two, so this article does as much research as possible to help newbies pick the best single option, so you can get started on the real virtual currency road first.

In addition, many friends suggest that it is best to make withdrawals within NT$80,000 to prevent future taxation. If you trade a large amount, it is recommended that you can find a trustworthy personal-operated exchange around you (such as my friend Wang from Taiwan University), who will be able to trade with better buying and selling prices.

All in all, I hope this article will be helpful to interested friends. Let’s take action to open an account immediately. Next, I may write an article about the steps in the actual account opening process. I think now is a good time to enter the virtual currency market. Point, as long as the U.S. continues to print money, U.S. stocks are likely to continue to record highs, and virtual currency has a great chance to continue. I wish everyone can take risks cautiously and get the rewards that they deserve.

Spend a lot of time writing, please clap my hands if the article is helpful to you, it will make me feel very warm, thank you.