Which Bitcoin trading platform has the lowest handling fee? What are the risks of investing in Bitcoin?

There are many risks in Bitcoin investment, including: 1. Price fluctuation risk, affected by market supply and demand, etc.; 2. Market risk, vulnerable to manipulation; 3. Regulatory policy risk, policy changes in various countries; 4. Technical risk, possible hacker attacks; 5. Storage risk, loss of private keys leads to asset losses; 6. Lack of intrinsic value support and rely on market consensus.

The following are the handling fees for some common platforms:

• Binance : The spot transaction fee is generally 0.1%. If you use Binance Coin (BNB) to pay the handling fee, you can enjoy a certain discount, with a minimum of 0.075%.
• Sesame door open : The spot transaction fee is usually 0.1%, and its discounted methods such as point card packages can reduce the handling fee cost.
• OKX : The spot transaction fee is 0.1%. You can get a handling fee discount through some activities or holding platform tokens OKB, etc.
• Coinbase Pro : The handling fee is relatively complex and varies depending on the transaction volume and trading pair. Generally, market maker handling fee is between 0.15% and 0.25%, and taker handling fee is between 0.25% and 0.35%.

There are many risks in investing in Bitcoin, mainly including the following aspects:

1. Price fluctuation risk : Bitcoin price fluctuates greatly, and is affected by various factors such as market supply and demand, macroeconomic environment, policies and regulations, and investor sentiment. For example, in 2021, the price of Bitcoin soared from about $30,000 at the beginning of the year to nearly $69,000 in November, and then fell sharply in the short term. This violent volatility may cause investors to suffer huge losses in a short period of time.
2. Market risk : The Bitcoin market is relatively emerging and not mature enough, and is easily affected by illegal behaviors such as market manipulation and insider trading. Some large investors or institutions may affect price trends by buying and selling Bitcoin in large quantities, thus damaging the interests of ordinary investors.
3. Regulatory policy risks : There are large differences and constant changes in regulatory policies for cryptocurrencies such as Bitcoin in various countries. Some countries and regions have adopted strict regulatory measures on cryptocurrencies and even banned their transactions and use, which may cause the legitimacy of Bitcoin to be questioned and investors face risks such as asset freezing and transaction restrictions.
4. Technical risks : Bitcoin relies on blockchain technology, and there may be risks such as vulnerabilities and hacker attacks at the technical level. For example, if there are defects in the exchange or storage security system, it may lead to the stolen Bitcoin of investors. There have been many incidents of exchanges being hacked in history and a large number of Bitcoin stolen have caused huge losses to investors.
5. Storage risk : Bitcoin is stored in digital storage. If investors lose key information such as stored private keys, mnemonics, etc., they will not be able to retrieve Bitcoin, resulting in permanent loss of assets. In addition, failures in storage software, damage to mobile phones or computer equipment may also affect the secure storage of Bitcoin.
6. Lack of intrinsic value support : Bitcoin does not have physical assets or future cash flow as value support like traditional assets such as stocks and bonds, and its value depends more on market consensus and investor expectations. Once market sentiment changes or consensus breaks down, the price of Bitcoin may fall sharply or even return to zero.

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