Recently, the global cryptocurrency market has set off a new round of discussion due to the EU's formal implementation of the "Markets in Crypto-Assets Act" (MiCA). This bill established a unified regulatory framework for the 27 member states for the first time, and required exchanges to strictly implement anti-money laundering measures and give users full control over their private keys. In this context, more and more investors have begun to pay attention to decentralized trading platforms, and want to use the noncustodial architecture of decentralized trading platforms to achieve autonomous asset management. The XBIT decentralized exchange platform has emerged in this economic boom with its noncustodial characteristics, and has begun to become the first choice for European users to avoid policy risks.

For novices who are new to cryptocurrency, the essence of "speculating on cryptocurrencies" is actually to achieve economic benefits by buying low and selling high digital assets, but its actual operation is far more complicated than the concept. In the current economic era, the traditional centralized custody model is no longer suitable for the needs of financial security due to its security vulnerabilities, loss of asset control and other issues. For example, the FTX crash in 2022 caused users to lose more than 8 billion US dollars. For this reason, the first step in implementing "speculating on cryptocurrencies" has been to choose a compliant trading platform. In contrast, the XBIT decentralized exchange platform has created a "your keys, your assets" business model, which automatically executes transactions through smart contracts so that users always have control over their private keys, which just caters to the regulatory direction of the MiCA Act.

 After completing the wallet connection on the XBIT decentralized exchange platform, novices need to focus on mastering three core skills: first, focus on mastering basic order operations, and understand that limited orders are suitable for setting psychological prices, while market orders are suitable for quick transactions; second, it is necessary to set slippage. When encountering periods of volatile fluctuations, you can use the real-time depth chart provided by XBIT to assist in predicting transaction costs; third, make full use of the cross-chain exchange function and use its direct exchange of eight major public chain assets such as Bitcoin and Ethereum to avoid cumbersome recharge and withdrawal processes.

In addition, risk management is also the focus of cryptocurrency investment, and it can be said to be the lifeline of cryptocurrency investment. It is recommended that novices follow the "10% rule" and use the multi-signature wallet function to set a stop-loss mechanism to achieve a single transaction of no more than 10% of the total funds. When abnormal fluctuations are detected, the cross-chain bridge module will also immediately use the fuse mechanism to automatically suspend transactions, directly reducing system risks. According to 2024 data, the volume completed through the XBIT decentralized trading platform in Q2 increased by 47% month-on-month, of which new users accounted for as high as 38%.

The 24-hour operation of the cryptocurrency market brings both opportunities and hidden risks. In the recent market where the US CPI data caused Bitcoin to fluctuate by more than 15% in a single day, some centralized exchanges have experienced withdrawal delays, but XBIT users can still directly call smart contracts through the on-chain clearing system to instantly complete asset transfers.

It should be emphasized that any exchange is just a tool, and real investment ability must be built on continuous learning. It is recommended that novices create an observation wallet in XBIT, learn to track the operation strategies of professional traders through the simulated copy function, and use the platform's built-in DeFi Academy module system to learn technical analysis. In the crypto world, controlling private keys means controlling wealth. As more and more regulators begin to pay attention to transaction transparency and user sovereignty, the decentralized model is also writing a new paradigm for digital finance.