Must-Know_Crypto_Essentials_for_Newbies_in_2025

binancevip (35)in #okxtrade • 8 days ago

Essential Knowledge Every Crypto Newbie Must Know in 2025

Cryptocurrencies encompass various categories, including currency types (e.g., BTC), platform types (e.g., ETH), application types (e.g., SC), stablecoins (e.g., USDT), and dividend types (e.g., BNB with buyback), each featuring distinct attributes.
For newcomers to the crypto space, the critical distinction lies between value coins and air coins. Value coins are suitable for long-term holding, but regardless of how much an air coin surges (even by 10,000x), it should be avoided entirely. So, what fundamental knowledge is essential before engaging in crypto trading?

Many beginners exploring cryptocurrencies and blockchain feel overwhelmed—not by selecting which coin to purchase, but by unfamiliar terminology. For those genuinely aiming to enter this domain and achieve wealth through trading, here are the must-understand basics.

Today, we have compiled relevant professional terms for your reference:

1. Basic Characteristics of Virtual Currency Trading

Trading Hours: Operates 24/7, 365 days a year, with no market closures.
No Daily Price Limits: Cryptocurrency trading imposes no daily price restrictions, unlike stocks that feature limits (e.g., Bitcoin surged over 20% in one day on May 28).
Minimum Trading Unit: Transactions can involve as little as 0.0001 BTC (approximately 0.6 CNY), eliminating the "one lot" minimum requirement common in stock trading.
Anytime Trading: Features T+0 trading, enabling buying and selling on the same day, unlike stocks that operate on T+1 (requiring sales the next day).
No Time Limit for Withdrawals and Cash Out: Withdrawals and cash-outs are possible at any time, ensuring high liquidity.

The market hosts numerous unreliable exchanges. Novices often lack the experience to assess whether an exchange might abscond with funds. Therefore, it is advisable to register with well-established and reputable exchanges—
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2. Basic Knowledge for Crypto Newbies

Bitcoin and Ethereum serve as the hard currencies within the blockchain ecosystem. If uncertain about which digital asset to purchase, BTC and ETH are highly recommended.
Digital currencies include various types: currency types (e.g., BTC), platform types (e.g., ETH), application types (e.g., SC), stablecoins (e.g., USDT), and dividend types (e.g., BNB with buyback). For beginners, focus on distinguishing value coins from air coins; hold value coins long-term and avoid air coins entirely, no matter their appreciation.
Fiat currency purchase channels consist of OTC trading platforms and private OTC transactions. OTC platforms typically support assets like BTC, ETH, and EOS, while private OTC depends on scale, often limited to BTC and ETH. Avoid private trades without escrow services, as scams can make fund recovery extremely difficult.

3. Common Professional Terms in Crypto Trading

Position (仓位): The ratio of your invested capital to your total available funds.
Full Position (全仓): Investing all available funds into cryptocurrencies.
Reducing Position (减仓): Selling a portion of your cryptocurrency assets without liquidating everything.
Heavy Position (重仓): Cryptocurrency holdings constitute a significant portion relative to available funds.
Light Position (轻仓): Available funds represent a larger share than cryptocurrency holdings.
Empty Position (空仓): Liquidating all cryptocurrency assets and holding only cash.
Take Profit (止盈): Selling cryptocurrencies upon achieving a specific profit level to lock in gains.
Stop Loss (止损): Selling cryptocurrencies when losses hit a predetermined threshold to mitigate additional losses.
Bull Market (牛市): A period of continuous price increases accompanied by an optimistic market outlook.
Bear Market (熊市): A period of continuous price declines with a pessimistic market outlook.

4. Crypto Security Issues

Security remains a paramount concern in the cryptocurrency space. Assets stored on exchanges are not entirely secure, as even major platforms like Binance have experienced multiple hacks. Smaller exchanges are particularly vulnerable, often serving as easy targets for hackers. Consequently, security is a significant issue.

How can you safeguard your cryptocurrencies? The optimal approach is to store your digital assets in a private wallet. There are two primary types:

Software Wallet: An application for storing cryptocurrencies; it offers high convenience but lower security.
Hardware Wallet: Physical devices, such as OneKey or USB-like wallets, that provide enhanced safety.

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🔥 Recommended Reading

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