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What is USDT? A Complete Beginner's Guide to Buying: From Registering on Ouyi to Holding USDT#

In the world of cryptocurrency, USDT (Tether) is one of the most popular stablecoins. Its value is pegged to the US dollar at a 1:1 ratio, with minimal fluctuations, making it an ideal "bridge" for beginners. This article is designed specifically for those with no prior knowledge of cryptocurrency, providing a comprehensive operational guide from registration, downloading the trading client, completing identity verification, depositing fiat currency, purchasing USDT, to secure storage. It also incorporates CoinEasy Navigation to quickly locate the entrances to major exchanges. The entire process is explained in Chinese, with clear operational steps to help you acquire your own USDT in the shortest time possible.

Table of Contents#

1. What is USDT?
2. Why choose USDT as a beginner's coin?
3. Preparations: Overview of Common Exchanges
4. Step 1: Register an account on Ouyi
5. Step 2: Download and install the trading client (Ouyi, Binance, Gate.io, Bitget)
6. Step 3: Complete identity verification (KYC)
7. Step 4: Deposit fiat currency (bank card, Alipay, WeChat)
8. Step 5: Purchase USDT (market order, limit order)
9. Step 6: Secure storage and withdrawal of USDT
10. Frequently Asked Questions (FAQ)
11. Conclusion

1. What is USDT?#

USDT (Tether) is a fiat-backed stablecoin, with each USDT backed by an equivalent reserve of US dollars. It combines the high liquidity of blockchain with the value stability of the US dollar, allowing for almost instantaneous transfers between exchanges at low fees. Due to its minimal price fluctuations, USDT has become the preferred "safe haven" for beginners learning about crypto assets.

2. Why choose USDT as a beginner's coin?#

3. Preparations: Overview of Common Exchanges#

• Ouyi: User-friendly interface, supports various fiat deposits, suitable for domestic beginners.
• Binance: The largest exchange globally, with a wide variety of cryptocurrencies and good depth.
• Gate.io: Offers a rich array of contracts and leverage products.
• Bitget: Focuses on contract trading with favorable fees.

CoinEasy Navigation summarizes the latest entrances to the above exchanges for quick access, saving time and effort.

4. Step 1: Register an account on Ouyi#

1. Open the Ouyi official website and click on "Register" in the upper right corner.
2. Enter your phone number or email, and set a login password (it is recommended to use a combination of uppercase and lowercase letters + numbers).
3. After checking the "User Agreement," click "Get Verification Code," and enter the received code to complete registration.
4. After successful registration, the system will automatically prompt you to "Complete Personal Information" to proceed to the next step.

5. Step 2: Download and install the trading client#

6. Step 3: Complete identity verification (KYC)#

1. After logging into any exchange, go to "Account Center → Identity Verification".
   

7. Step 4: Deposit fiat currency (bank card, Alipay, WeChat)#

7.1 Deposit via bank card (recommended)#

• Go to "Deposit → Fiat Deposit," select C2C, and enter the deposit amount.

7.2 Deposit via Alipay/WeChat#

• On the same page, select Alipay or WeChat, and enter the deposit amount.
• The system will pop up a QR code; use the corresponding payment tool to scan and complete the payment.
• After successful payment, the funds will arrive within 1-5 minutes.

Tip: First-time depositors can receive a platform beginner's gift package, usually including USDT rewards.

8. Step 5: Purchase USDT (market order, limit order)#

1. After successful deposit, go to the "Trading Center," and search for USDT on the "Spot Trading" page (e.g., BTC/USDT, ETH/USDT).
2. Market Order: Directly enter the purchase amount; the system will execute at the current best price, suitable for beginners to quickly get started.
3. Limit Order: Set your own buying price; the system will automatically execute when the price reaches the set value, suitable for users looking for better prices.
4. After confirming the order, click "Buy," and the system will notify you of a successful transaction; USDT will appear on the "Assets" page.

Safety Reminder: It is recommended to first buy a small amount (e.g., 100 USDT) to familiarize yourself with the process before gradually increasing the amount.

9. Step 6: Secure storage and withdrawal of USDT#

9.1 Exchange Wallet vs. Private Wallet#

• Exchange Wallet: Convenient for quick trading but subject to platform security risks.
• Private Wallet (e.g., MetaMask, Trust Wallet): You manage the private keys yourself, offering higher security.

9.2 Withdraw to a Private Wallet#

1. Click "Withdraw" on the exchange page, select USDT, and enter the private wallet address (be sure to verify the chain type, such as ERC-20, TRC-20).
2. Enter the withdrawal amount; the system will prompt the withdrawal fee (different chains have different fees).
3. After confirming the information is correct, enter the SMS verification code or email verification code to complete the withdrawal.
4. Withdrawals generally arrive within 1-10 minutes, and you can check the transaction hash on the blockchain.

Friendly Reminder: For the first withdrawal, it is advisable to withdraw a small amount to confirm the address is correct before withdrawing a larger amount.

10. Frequently Asked Questions (FAQ)#

11. Conclusion and Quick Links#

Congratulations on completing the entire process from Ouyi registration to holding USDT! By mastering the above steps, you can freely enter and exit the crypto world, using USDT for asset allocation, cross-chain transfers, or participating in DeFi projects.

Quick Links (click to jump directly):

• Ouyi

• Binance

• Gate.io

• CoinEasy Navigation