From 0 to 100: The Complete Guide for Beginners to Masters of the Coin Ring

With the successful listing of the US Bitcoin ETF and Trump's recent victory, the price of Bitcoin surpassed a new all-time high of $100,000.However, the cryptocurrency market is fundamentally different from the traditional stock market, so if you want to invest in cryptocurrency, do you also face the problem of "not knowing how to start"?

For newcomers to the cryptocurrency world, learning about blockchain is a difficult but worthwhile endeavor. The difficulty lies in the fact that you need to master a lot of basic knowledge, and at the same time, you need to keep up with the market trend at all times. Without systematic learning, many people may give up halfway because they are unable to cope with these challenges.

In this Beginner's Guide article, we will help you understand how to invest in cryptocurrencies, teach you how to deposit and withdraw funds, participate in the on-chain ecosystem, and other core knowledge and operation skills from scratch in an easy-to-understand way. Whether you're new to the cryptocurrency world or a veteran with a certain level of experience, this article will meet your needs!

Beginners can quickly grasp the investment knowledge system of cryptocurrencies and establish a basic understanding of the blockchain ecosystem.
Veterans can further refine their knowledge by focusing on specific knowledge areas according to the needs of each stage.

This article will be divided into 5 parts to guide you to familiarize yourself with the operation process of Coin Ring step by step:
1. Coin Buying Tools
2. Hong Kong User Zone: In-depth AnalysisTeaching of deposit/withdrawal, and the process of operating funds on the chain.
3. Chain operation:Detailed instruction on cross-chain and currency trading
4. Teaching the trading of fan coins
5. Recent popular ecosystems: Solana, SUI, Hyperliquid

Coin Buying Tools

Withdrawal (Off-ramp) and Deposit (On-ramp) are the starting point to enter the world of cryptocurrencies. If you are new to the world of cryptocurrencies, you may have the following questions: How do I get cryptocurrencies? What do I buy it with? Where should I put the cryptocurrencies I buy?

Simply put, a deposit means a transfer of thefiat currency（e.g. Hong Kong Dollars or New Taiwan DollarsThe process of converting cryptocurrency into crypto assets is usually done through an OTC (over-the-counter) or cryptocurrency exchange platform. This process needs to be done generally through OTC (over-the-counter) or cryptocurrency trading platforms, while most cryptocurrency exchanges usually operate as online platforms or mobile apps.Basically, you can think of an exchange as a "stock exchange" in traditional finance, where you can easily complete trading operations on your cell phone, just like buying and selling stocks.

PurchaseEncryption CurrencyAfterwards, these crypto assets are stored on an exchange or in your personal wallet (depending on whether the address you use to receive cryptocurrency is an exchange or a wallet). For greater security and freedom, it is recommended to withdraw your assets to your personal on-chain hot wallet, but how do you do it? We will show you how in this beginner's guide!

Choosing a reliable exchange is the first step in depositing, and the next section will take you through how to register, deposit and safely store your crypto assets.

Tool I: Centralized Exchange (CEX)

2025 Recommendation｜What is Victory Securities? Security, Deposit & Withdrawal, Features
2025 Recommendation｜What is OSL? Security, Access and Features

Choosing a reliable centralized exchange is a critical step in getting started. It is advisable to consider a licensed exchange in your region or one of the top 10 exchanges in the world. It is important to note that CEXs are essentially custodian platforms, and there is a risk that funds may be misappropriated, so it is important to choose an exchange that has a good reputation, a solid track record, and a relevant license.

It is important to note that some exchanges may not hold legal licenses in all regions. For example, OKX and Binance do not provide services to Hong Kong residents, but users can choose the appropriate exchange based on their nationality. For example:

US user: Coinbase
Taiwan Users: Binance, OKX, Bybit
Residents of Palau Island: Gate, Bitget (it is relatively easy to obtain Palau Island resident status)
Exchanges without excessive restrictions: MEXC, PaiNet

2025 More popular exchanges:

Binance: Currently the largest cryptocurrency exchange in the world, with a steady stream of trading volume.
OKX: Fully featured with support for a wide range of transactions and Web3 wallet applications.
Bybit: A trading platform known for its high derivatives trading volume.
MEXC：The main focus is on the world's lowest rates and the fastest uploading of new coins.

What platforms can Hong Kong users use to buy and sell cryptocurrencies?

Hong Kong residents have a relatively limited number of legally licensed trading platforms available to them, with OSL and Victory Securities being the most recommended. These two organizations are very smooth in terms of bank deposits and withdrawals, and have multiple protections from the government and insurance. WewillLater in the article, readers will be taught how to deposit and withdraw funds from the trading platform.

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In addition, there are other global exchanges such as Binance, OKX, Coinbase, etc. Users can choose the exchange that suits them according to their nationality and regional regulations.

Attention:

Diversify your capital prudently and avoid placing too much of it on a single exchange to reduce risk.
Regulatory policies vary from place to place and some exchanges may restrict the scope of services, please check in advance.

Tool #2: Chained Hot Wallets

An account (wallet) on an exchange is custodial, meaning that the exchange manages your assets for you, similar to a traditional bank account. Hot wallets on the chain, however, are non-custodial and function more like offshore accounts, where no one can access the assets except you (or anyone who knows the auxiliary word). Online Wallets are essential for participating in Web3 projects or connecting to various Web3 applications (DApps).

What are the hot wallets to compareRecommended for beginners？

The classic hot wallet is the Metamask, used by almost everyone in the coin community. But as technology advances, more powerful and easy-to-use options have emerged on the market.

Preferred: OKX Web3 Wallet

One of the features of the OKX Web3 wallet is that it allows users to transfer different cryptocurrencies from the OKX exchange to the OKX wallet in a silky smooth manner, making it easier for users to use different DApps, and at the same time, allowing them to use different cryptocurrencies for different purposes.Supports major on-chain ecosystems, including Bitcoin, Ether, BNB chains, Solana, BASE, Polygon, Avalanche, Fantom, and more.

What's more, it only requires downloading the OKX Mobile APP or downloading the Google plugin to use it. On the mobile version, you can use its Wallet feature alone, even if you don't use the exchange feature!

How to download OKX Web3 Wallet?

Related ArticlesOKX Web3 Wallet Tutorial】Security, Features, Inscription Casting, Hands-on Operation

To get started with OKX Web3 wallet, follow these simple steps:

Download Wallet: Go tohereDownload and install the application
Create a new wallet: Launch the wallet application and select"I don't have a wallet."If you want to create a new wallet, you can do so by clicking on the "Create New Wallet" button.
Choose how to create: It is recommended that you choose the mnemonic method to create a wallet.
Finish creating!
The system does not automatically back up your wallet when you create it, so please back up your wallet as soon as you have finished setting it up. This step is important to ensure that if you lose your device or forget your password, you will still be able to restore access to your wallet funds.

Remember to keep your aids in a safe place and never share them with others or store them in an unsecured location!

Play SOL Ecology Worth Equipping: Phantom Wallet

Phantom is a multi-functional on-chain hot wallet designed for Solana blockchain ecosystem, which is loved by both novice and professional users due to its simple operation and user-friendly interface. In addition to supporting Solana, Phantom is now gradually expanding to other chains and is expected to become one of the core tools in the future crypto world.

How to download Phantom wallet?

Download Wallet: Go here to download and install the application
Create New Wallet: Launch the plugin and select "Create New Wallet" to start the setup process.
Set Password: Enter the wallet password to unlock and operate the wallet in the future.
Save Aids: Record the displayed aids, ensuring that they are saved in order and stored properly in a secure location.
Finish installing: After completing the above steps, you have successfully registered Phantom Wallet and started using it!

Phantom Wallet User's Guide

After you have followed the steps above to create a wallet, remember to back up your helpers so that you can restore your wallet if you need to.
Purchase and Transfer SOL: Purchase SOL from an exchange and transfer it to a wallet.
Explore the Solana ecology: get started with DApps and other features on Solana.

Hong Kong Newbie User Zone: Teachings on deposit/withdrawal, fund operation on the chain

The platforms and wallet tools that you need to use when you start to enter the cryptocurrency market have already been taught in the previous section, and this next section will teach you how to deposit and withdraw funds.

In Hong Kong, there are 2 main platforms for investing in cryptocurrencies:Virtual Asset Exchange、Securities Dealers。The current Virtual Asset Platform is approved by the Securities and Futures Commission (SFC) of Hong Kong to provide regulated trading services.

Most Popular Cryptocurrency Trading Platforms
Hong Kong People's Top Choice for Bitcoin and Ether Trading 》【2025 Introduction】OSL Registration Benefits, Security, Deposit and Withdrawal, Special Features
Suitable for traditional Hong Kong investors to buy and sell stocks and currencies at the same time. [2025 Introduction] What is Victory Securities? Security, Deposit and Withdrawal, Features

While licensed trading platforms in Hong Kong offer great security, the process of on-chain operations is relatively cumbersome due to the regulatory framework. If you wish to perform on-chain operations, such as trading Memecoins, trading on various DeFi platforms or pledging, you will need to withdraw your assets from the exchange or broker to your personal on-chain hot wallet, a process that requires a few more steps to complete.

For users who are willing to explore the world of cryptocurrencyThese operations are not difficult to perform in practice.Simply follow the guidelines below to complete the process smoothly.

Since most of the on-chain operations involve EVM (Ethereum Virtual Machine) compatible public chains such as Ethereum, BSC, BASE and SUI. Therefore, we usually withdraw ETH to Hot Wallet because ETH can be used not only as a payment asset for Gas Fee, but also as a principal for purchasing other tokens.

It is worth noting thatVictory Securities is the first platform in Hong Kong to provide "Currency-in-Currency-out" servicesWe allow users to extract crypto assets such as BTC, ETH, USDT, and USDC directly to the chain, so we've included them in the following asVictory SecuritiesAs an example, we will explain the entire retail operation process:

How to withdraw ETH from Victory Securities to Chain Wallet?

Log in to the "VictoryX" application.
Click "Trade" > "Coin Up" > "Chain Up".
Go to a cryptocurrency wallet (e.g. OKX Web3 wallet) and copy the wallet address.
Select Currency + Entry Amount +Put it on.Permalink.Wallet AddressYou can transfer funds from your computer to the Internet at any time.

Chain operations: cross-chain and currency trading

As more and more popular new tokens or memecoins emerge on the market, they are usually issued on a blockchain first, rather than directly on a centralized exchange (CEX), which means users need to buy them directly on the chain. But for the uninitiated, who often have on-chain assets that are at best USDT stored on Ether, what if those new coins are issued on Solana or BASE, where Ether funds can't buy them?Cross-link bridges are the solution!

Example: You have USDT on the Ether chain, but want to buy new coins on the BASE chain. Transfer USDT from Ether to the BASE chain via a cross-chain bridge. Then use the USDT on the BASE chain to buy the target currency.

The following image in the OKX Web3 wallet demo shows one more example:What if you want to buy a NFT on Ether and the program asks you to pay USDT, but you only have SOL on Solana? Use OKX Web3 wallet's cross-chain bridge to transfer your SOL to USDT on Ether, and then use the USDT to buy the NFT on Ether (remember to keep a bit of ETH as Gas at the same time).

What is a cross-link bridge?

Cross-Chain Bridge is a technology that enables the transfer of data and assets between different blockchains. It acts as a bridge that allows blockchains to exchange data and conduct cross-chain transactions.

What's so great about bridges?

Reduced transaction costs
Assuming you hold ETH on the main Ether network, but want to reduce your Gas fee costs when operating on the chain, you can transfer ETH to a Layer 2 blockchain such as zkSync Era or Arbitrum via a cross-link bridge, which will allow you to explore a variety of DApps at a much lower cost.

Easier to operate
If you normally use AAVE to lend USDC on Ether, but find that AAVE on Polygon has a higher interest rate, you can transfer your assets to Polygon via a cross-chain bridge to enjoy a higher return.

2025 Recent Popularity of Cross-Chain Bridge Tools

Stargate:https://stargate.finance/bridge
Orbiter:https://orbiter.finance/en/explore
Solv (BTC):https://app.solv.finance/cross-chain
Portal:https://portalbridge.com/
deBridge:https://app.debridge.finance/

Miniature Coin Trading Tutorial

After reading the tutorial above, you should have mastered the art of cross-chaining and should now be able to move money between chains with ease. The next step is to experience the actual buying and selling process.

The recent announcement by Donald Trump at X that he was issuing his own fandom token, $TRUMP, quickly set the market ablaze, sending the coin's price skyrocketing to a Fully Diluted Valuation (FDV) of $70 billion, making it a hot topic in the Crypto market. Even Web2 Financial News has been reporting on this phenomenon.

As a crypto newbie, you might be wondering how to capitalize on the early opportunities in this type of cryptocurrency. That's why we're going to teach you how to trade tokens on the chain, using $TRUMP as an example. Through this step-by-step process, you will learn how to capture the next market hotspot in real life!

Step 1: Obtain the correct contractual address (CA) for the substitution currency

1. Official channel confirmation CA (Token Contract Address)
Find the correct Contract Address (CA) via the official Twitter or website and make sure the address you find is up-to-date and secure.

2. using tools to verify the authenticity of CAs
Enter the CA in the GMGN or Dexscreener platform.
Check the market value, volume and contract security of the tokens to ensure that the information about the tokens is correct.

Step 2: Buy $TRUMP coins (select hot wallet and do cross-link and token exchange)

1. Select a supported hot wallet
You can use OKX Web3 wallet or Phantom; the former is preferred because it supports multi-chain operations and has built-in cross-chain bridge functionality.

2. cross-chain operations
Converts ETH across chains from an Ether chain to a target chain (e.g., the Solana chain where $TRUMP resides).
Open OKX Web3 wallet and select the cross-link bridge function to complete the asset transfer.

3. Completion of the token exchange (i.e., completion of the buy-in)
Use the built-in trading functionality to exchange assets into target tokens (e.g. $TRUMP) directly within the OKX Web3 wallet.

Frequently Asked Questions about Fuzzy Coin Operation

1. What tools are available to allow me to buy or sell at a certain price?
Use GMGN's Telegram Bot feature to set up a buy limit or auto sell.
(Start using the GMGN Telegram Bot here:https://bit.ly/4ht3Ixs ）

2. Why is it recommended to use SOL to buy Minibonds instead of USDT?
There are several distinct benefits to buying with SOL, including lower transaction fees, as Solana's on-link transaction fees (Gas Fee) are extremely low, making it ideal for frequent token transactions. In addition, buying directly in the GMGN Using SOL to purchase minicurrencies on a centralized exchange avoids the extra operational steps of a centralized exchange.

3. Is it possible to use USDT to buy SOL on the exchange and transfer it to OKX Web3 wallet?
Yes. After completing your purchase on the exchange, go to the withdrawals page, enter your OKX Web3 wallet address and select the Solana chain as the withdrawal network (make sure the address and chain match). Finally, confirm the withdrawal and wait for the assets to arrive in your hot wallet.

4. Is the main function of the GMGN limited to the purchase of Meme coins? And the role of Telegram transactions?
GMGN's functionality is not limited to purchasing Meme coins, it is an on-chain trading platform for many types of token trading. As for the Telegram trading function, GMGN is integrated with Telegram, so users can place orders quickly through the Telegram Bot and even realize automated trading, which greatly improves the convenience and flexibility of trading.

This is where you can start using the TG Bot:https://bit.ly/4ht3Ixs

5. How can I use OKX/Phantom wallet to buy and transfer tokens?
First, download and install the app from the Google App Store or Apple Store, create a new wallet, set a password and backup your helpers (see the top of this article for a practical tutorial). After these steps, you can buy SOL or ETH on a centralized exchange and withdraw your assets to your wallet. In OKX Web3 wallet or Phantom wallet, you can use its built-in features for on-chain trading or token exchange.

Recent popular ecosystems: Solana, SUI, Hyperliquid

What is Solana?

Solana is a high-performance public blockchain network founded by Anatoly Yakovenko in 2017 to provide a secure, high-speed and low-cost decentralized solution. The project focuses on solving the efficiency bottleneck that exists in Ether, providing support for a wide range of decentralized applications (DApps), and serving as a key building block for future decentralized networks.

The key to Solana's rapid rise lies in breaking through the "impossible triangle" of blockchain - the balance between security, decentralization and high performance. While most public blockchains can only achieve two of these things at the same time, Solana has achieved extremely high transaction throughput and low latency while maintaining decentralization and security by adopting the innovative Proof of History (PoH) consensus mechanism.

If you want to buy $SOL tokens, you can choose from the following exchanges:

Binance: Currently the largest cryptocurrency exchange in the world, with a steady stream of trading volume.
OKX: Fully featured with support for a wide range of transactions and Web3 wallet applications.
Bybit: A trading platform known for its high derivatives trading volume.
MEXC：The main focus is on the world's lowest rates and the fastest uploading of new coins.

What is SUI?

Sui is a Layer 1 public blockchain (public chain) developed by Mysten Labs to help developers build applications and experiences that will serve the next billion Web3 users.

Mysten Labs was founded in September 2021 by a founding team from Meta's Novi Research division, which previously focused on Diem blockchain and the Move programming language. sui employs the Rust-based Move programming language and uses the same PoS (Proof of Stake) consensus mechanism as Ethernet to provide efficient performance and scalability. Sui utilizes the Rust-based Move programming language and uses the same PoS (Proof of Stake) consensus mechanism as EtherChannel to provide efficient performance and scalability.

It's worth noting that Sui and Aptos are two completely different blockchain projects, with the only connection between the two being that both teams previously worked on blockchain-related development at Facebook.

Sui Eco-Hot Program

So far, Sui Ecology has attracted a number of teams to build projects, of which the following projects have attracted much attention:

Suilend Protocol
NAVI Protocol
Haedal Protocol
Bucket Protocol
Cetus
Scallop
Bluefin
DeepBook
Typus Finance

What is Hyperliquid?

Hyperliquid is a high-performance decentralized exchange (DEX) that redefines on-chain trading with an innovative form of "Exchange + Public Chain". It brings the order-thin model directly onto the chain, providing speed and depth comparable to centralized exchanges (CEX), enabling Spot and Perps trading. Compared to traditional AMM models such as Uniswap and GMX, Hyperliquid solves the problems of capital inefficiency and high slippage, delivering the highest levels of capital efficiency, liquidity and order matching, making it the ultimate form of DEX.

Hyperliquid is not a traditional Layer 1 chain, but an application chain focused on derivatives trading. It combines the features of a high-performance EVM chain with a decentralized exchange, skipping the traditional L1 competition and aiming directly at the CEX market to become a disruptor of on-chain trading.

Hyperliquid Ecological Programs and Tools

Spot & Contract Exchange: @HyperliquidX
Borrowing project: @hyperlendx (test site is online with points system)
Trading Bot Tools: @Hypurrfun
Block Browser: @HypurrScan

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Disclaimer

The content of this article is for reference only, investors should exercise independent judgment, invest prudently and at their own risk, this article does not provide or attempt to persuade the audience to do trading or investment basis, the content is for sharing purposes only, and should not be regarded as investment advice.It does not represent the views and position of Monsterblockhk.All information and opinions are current as of the date of the judgment. In addition, if a judgment is rendered on aIn this siteAny content related to virtual asset trading platforms that have not yet obtained a license to operate virtual asset trading platforms in Hong Kong, including but not limited to text introductions, pictures, offers, events, etc., are only available to users outside the Hong Kong Special Administrative Region.

According to the Hong Kong Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Ordinance 2022, after June 1, 2023, all centralized virtual asset trading platforms operating in Hong Kong or actively promoting their services to Hong Kong investors will be licensed and regulated by the SFC, and any related unlicensed activities will be a criminal offence. For more information and details of the legislation, users may refer to the SFC website.