1. Define your investment goals
The first thing you need to do is be clear about your investment goals:
• Short term (day trading): Prioritize spot trading, futures, or copy trading (if you have experience).
• Medium and long-term: Focus on staking, launchpool, or holding foundational coins.
• Steady accumulation: Buy periodically (DCA), prioritize strong coins like BTC, ETH, SOL, BNB.
2. Leverage earning tools on Binance
Binance offers many tools to help you profit effectively:
• Staking and Earn: Suitable if you want passive income. Prioritize major coins like ETH, BNB, BNSOL. Choose a term of 30–90 days for high APR. For stablecoins or if you want flexibility, choose Flexible Savings.
• Launchpool: Opportunity to “farm” new tokens for free by staking BNB or FDUSD as early as possible.
• Spot Trading: For those who want to buy and sell quickly. Use limit orders and set price alerts to be more proactive. For simplicity, choose Convert – quick and almost no hidden fees.
• Futures: A playground for experienced investors. High risk so need to set stop-loss, only use under 10% of total capital.
• Copy Trading: If you are not confident, you can follow and copy trades from traders with a win rate above 60%. Remember to update performance regularly.
3. Capital and risk management
Smart investing is not just about making a profit, but also about preserving capital:
• Do not go all-in: Allocate capital reasonably (70% stable – 20% growth – 10% experimentation).
• Always have a stop-loss, especially with futures or highly volatile coins.
• Take profits in parts, don’t try to catch the “peak”.
• Keep a trading journal to understand your behavior and emotions.
4. Account security
Keeping your assets safe is a top priority:
• Enable 2FA with Google Authenticator.
• Avoid clicking on strange links or unclear airdrops.
• Use a private wallet (Trust Wallet, Binance Wallet) for long-term storage.
• Set up a withdrawal whitelist – only allow withdrawals to trusted addresses.
5. Monitor the market intelligently
Knowing how to filter information is an advantage:
• Use the Binance app to enable price alerts and news notifications.
• Follow official channels like Binance Twitter, CoinMarketCap.
• Check charts, on-chain data to avoid FOMO or being influenced by rumors.
6. Join the community and support each other
Don’t invest alone – the community is where you learn and get support:
• Join the Binance Vietnam group to share experiences.
• If you encounter issues, use the support feature in the app.
• Utilize resources from the Binance blog and Binance Academy to enhance your knowledge.
Investing in crypto is not just a matter of luck – it is a process of building strategies, discipline, and continuous updates. Clearly defining your goals, using the right tools, managing risks tightly, and protecting your account are key factors to help you go the distance safely and effectively.
#Binance #BinanceAcademy #Crypto #CryptoNewss