Behind the crazy rise of Bitcoin: 70% of the trading volume comes from Asia, domestic investors should beware of the "secret passage" of currency speculation trap

The "currency circle" is so hot that it has also attracted the envy of many domestic investors. The reporter noticed that many investors on domestic social platforms shared strategies for buying Bitcoin with the help of overseas exchanges. Among them, Euro Exchange, Huobi Exchange, and Binance Exchange have become the main purchasing channels.

In the official operation community group of a certain exchange that the reporter joined, the number of new mainland users in one hour exceeded 100.

"For retail investors, the way to make money with Bitcoin is very simple. Off-chain transactions and on-chain transactions." A popular science blogger in the currency circle introduced on the social platform. Off-chain transactions are mainly carried out in exchanges. First, pay money to buy USDT, and then directly place buy and sell orders on the platform. "You can trade cryptocurrencies like trading stocks."

USDT is a virtual currency that links cryptocurrency to the US dollar. 1 USDT is equal to 1 US dollar. The blogger told reporters that the currency circle uses USDT by default for trading because the price fluctuation is small.

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