silvinasho
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My Experience with Binance: Can You Make Money or Is It Just a Casino?**
I have been using Binance for a month, and although it seemed confusing at first, I now understand that **you can make money, but it depends a lot on how you use it**. It is not a "casino" if you avoid unnecessary risks.
At first, I tried *trading* (buying and selling cryptocurrencies quickly) and lost a bit due to volatility. But then I discovered safer options, such as:
1. **Flexible Savings**: I left my *stablecoins* (like USDT, which is worth the same as the dollar) in Binance Earn and found that you can earn between 5% and 10% annually without doing anything. It's like a bank, but with better returns.
2. **Staking**: I locked some cryptocurrencies like ADA or SOL for a period and they pay me interest (like a fixed term, but in crypto).
3. **HODLing**: I bought Bitcoin and ETH to keep them long-term, without selling at every rise or fall.
What **does seem like a casino** are *futures* and *leverage* (borrowing to invest more). There, losses can be significant if you don't know what you're doing. I avoid it, but right now I have a small open position because I want to learn.
**Conclusion:** Binance is not a casino if you use the safe tools. In a month, I learned that patience and education are key. If you want to try, start with *stablecoins* or *staking*, and only risk what you can afford to lose.
*My advice:* If you are a beginner, stay away from complicated things and use Binance as a way to save with better interest than a traditional bank. $BTC
I have been using Binance for a month, and although it seemed confusing at first, I now understand that **you can make money, but it depends a lot on how you use it**. It is not a "casino" if you avoid unnecessary risks.
At first, I tried *trading* (buying and selling cryptocurrencies quickly) and lost a bit due to volatility. But then I discovered safer options, such as:
1. **Flexible Savings**: I left my *stablecoins* (like USDT, which is worth the same as the dollar) in Binance Earn and found that you can earn between 5% and 10% annually without doing anything. It's like a bank, but with better returns.
2. **Staking**: I locked some cryptocurrencies like ADA or SOL for a period and they pay me interest (like a fixed term, but in crypto).
3. **HODLing**: I bought Bitcoin and ETH to keep them long-term, without selling at every rise or fall.
What **does seem like a casino** are *futures* and *leverage* (borrowing to invest more). There, losses can be significant if you don't know what you're doing. I avoid it, but right now I have a small open position because I want to learn.
**Conclusion:** Binance is not a casino if you use the safe tools. In a month, I learned that patience and education are key. If you want to try, start with *stablecoins* or *staking*, and only risk what you can afford to lose.
*My advice:* If you are a beginner, stay away from complicated things and use Binance as a way to save with better interest than a traditional bank. $BTC
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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