How to choose cryptocurrencies to trade on Binance?
🔹 First: Understand the types of cryptocurrencies
Type Examples Description
Major coins BTC, ETH, BNB Stable and strong coins, suitable for beginners.
Alternative coins (Altcoins) SOL, ADA, MATIC Strong projects but more volatile.
Meme coins DOGE, SHIB Popular coins but high risk.
Emerging coins New projects May yield high profits or losses.
🟢 Criteria for choosing the right coin:
1. ✅ Strength of the project and the team
Does the cryptocurrency have a real project behind it? A company or known developers?
Is it used in real life or does it have partnerships? > Example: Polygon (MATIC) is backed by a project to solve Ethereum issues.
2. 📊 Trading volume and liquidity
Check the daily trading volume on Binance.
Coins with high liquidity are easier to buy and sell.
> You can see this in the "Markets" section on Binance.
3. 📈 Technical and fundamental analysis
Is the coin rising or falling?
Use analysis tools such as:
RSI (Relative Strength Index)
MACD (Moving Average Convergence Divergence)
Support/Resistance
4. 📰 News and overall trend
Follow cryptocurrency news on sites like CoinMarketCap and Twitter.
Coins that are in positive news have a higher chance.
> Example: If a big company starts adopting a specific coin, its price rises.
5. 🧠 The level of risk you are willing to take
Are you a beginner? Choose large coins (BTC, ETH, BNB).
Do you want to take greater risks for larger profits? Try Altcoins like SOL or AVAX
🔵 Coins suitable for beginners (2025):
Coin Why?
Bitcoin (BTC) The most reliable and strong coin.
Ethereum (ETH) Supports smart contracts and many projects.
BNB The official coin of the Binance platform with discounts.
Solana (SOL) Fast and cheap network.
Polygon (MATIC) Has many applications and supports Ethereum.
🟠 Coins to be cautious of:
Meme coins (like PEPE, DOGE, SHIB): Can rise quickly but are very volatile.
New coins without clear information.
Coins that rely solely on media hype
✅ Tips when choosing a coin:
1. Don't just follow the hype (FOMO).
2. Always do your own research (DYOR).
3. Do not invest more than 5%-10% of your capital in one coin.
4. Try the demo wallet on Binance first.
5. Diversification: Do not put all your money into one coin
🔹 Start
With major and stable coins like BTC and ETH.
🔹 Choose coins with a real project and good trading volume.
🔹 Follow the news, learn technical analysis, and don’t act recklessly.
