Tips 💸
1. Enable two-factor authentication (2FA)
Use Google Authenticator or SMS to protect your account.
2. Start with small amounts
If you are a beginner, invest only what you are willing to lose while you learn.
3. Learn to use spot before futures
The spot market (direct buy/sell) is safer. Futures are very risky if you have no experience.
4. Do not use all your capital in a single purchase
It's better to divide your investment into several parts and buy at different times (dollar-cost averaging strategy).
5. Avoid trading with high leverage
In futures, using very high leverage can cause you to lose everything in seconds.
6. Stay informed
News, regulations, or movements of large investors can greatly affect the price.
7. Use limit orders
Instead of buying/selling at market price, you can set a specific price to get a better deal.
8. Do not leave a lot of money on Binance
Only keep what you are trading. If you have large profits or are not going to trade, it's better to transfer it to a secure wallet (like a cold wallet).
9. Learn about fees
Binance charges a small commission for each trade. If you use BNB (the Binance token), you can pay lower fees.
10. Don't let emotions drive you
Have a plan before buying and stick to it. Fear or greed can lead you to make poor decisions.
