More and more investors want to participate, especially in the mainland China market. Binance, as the world's largest one-stop digital asset trading platform, is an important entry point for purchasing WLFI tokens. Below are the key steps and precautions for mainland users to safely purchase WLFI tokens through Binance.
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1. Register and Complete Identity Verification#
Binance has strict compliance requirements for user identity. Mainland users need to complete the following operations:
- Register an Account
Visit the Binance official website or use the Binance App to register an account by filling in your phone number or email. It is recommended to use a commonly used email for receiving verification and security notifications. - Real-name Verification (KYC)
According to regulatory requirements, Binance requires users to submit photos of official documents such as ID cards and passports to complete real-name verification. All mainland users must not skip this step; otherwise, they will not be able to recharge with fiat currency or trade perpetual contracts.
After completing real-name verification, the account security level will significantly increase, and the daily withdrawal limit will also increase, facilitating subsequent fund operations.
2. Deposit Preparation#
Binance supports various fiat deposit methods, but the most common and relatively safe method for mainland users is to recharge through USDT (Tether).
- Purchase USDT
You can purchase USDT through OTC platforms or legitimate third-party channels. It is recommended to choose Binance OTC to ensure the security of both fiat and crypto asset transactions. - Recharge to Binance Account
Deposit the purchased USDT into the Binance USDT main account, preparing for WLFI trading.
3. Enter the WLFI Perpetual Contract Trading Area#
The WLFI token is mainly launched on Binance in the form of WLFI/USDT perpetual contracts:
- Open Binance Contract Trading
After logging into Binance, switch to the "Contract" section and select "Perpetual Contract Trading." - Search for WLFI Contract
In the search box on the contract trading page, enter "WLFI" to find the corresponding WLFI/USDT perpetual contract. - Understand Trading Rules
Perpetual contracts come with leverage and higher risks; it is recommended to familiarize yourself with the contract trading rules, understand margin, liquidation mechanisms, and risk control.
4. Order Process for Purchasing WLFI Tokens#
When purchasing WLFI in Binance perpetual contracts, pay attention to the following operational points:
- Choose an Appropriate Leverage Ratio
While leverage can amplify profits, it also increases risks. New users are advised to use low leverage of 1-5 times. - Use Limit Orders or Market Orders
Limit orders are more suitable for controlling purchase costs, while market orders can execute quickly. Choose flexibly based on market conditions. - Set Stop Loss and Take Profit
To avoid risks from significant fluctuations, it is essential to have stop loss and take profit orders. - Confirm the Order
After placing an order, check the position and unfilled orders to ensure the transaction is successful.
5. Ensure Fund Security and Risk Management#
Binance has mature security measures, but users should also manage risks themselves:
- Enable Two-Factor Authentication (2FA)
Bind Google Authenticator, etc., to ensure account security. - Reasonably Control Position Size
Avoid investing too much at once; enter the market in batches to diversify risks. - Pay Attention to Token Unlocking and Community Governance Dynamics
WLFI tokens have 20% unlocked initially, with the remaining 80% decided by community voting. Keep an eye on official announcements to avoid sudden market changes due to unclear unlocking schedules.
6. Compliance Matters for Mainland Users to Focus On#
Due to policy regulations, mainland users investing in overseas digital asset projects should pay attention to:
- Avoid Violating Foreign Exchange Management Policies
Ensure that the deposit channels are legitimate to avoid restrictions on assets due to non-compliance. - Stay Informed About Binance's Regulatory Developments
Keep up with the latest service adjustments from Binance in the mainland to ensure normal account usage. - Maintain Asset Diversification and Avoid Heavy Investment in a Single Asset
While WLFI has political backing, the market is volatile; diversifying investments helps reduce overall risk.
Conclusion#
Binance is an important window for mainland users to purchase the Trump family's crypto project WLFI tokens. Registering on Binance, completing real-name verification, purchasing USDT, and entering the perpetual contract market to operate WLFI trading is currently the most mainstream choice for mainland investors. During operations, be sure to pay attention to security verification, reasonably plan leverage and position sizes, closely monitor project unlocking policies and community governance dynamics, comprehensively control risks, and avoid blind operations.
Although WLFI is backed by U.S. Treasury bonds and Trump's personal influence, price fluctuations should not be underestimated. Mainland users should maintain a rational investment mindset, prioritize safety and compliance, and leverage Binance as a quality trading platform to seize this wave of crypto financial innovation opportunities. By following the above steps, ordinary users can efficiently and safely participate in WLFI token trading and enjoy the innovative dividends of crypto finance.