(Part 1/2) What to do with $10 on Binance?

Your best strategy is to use this small amount to learn how to use the platform and understand how the cryptocurrency market works, without the stress of risking a large sum.

Here I explain how you can proceed, focusing on education and practice:

Option 1: Learn to trade (in the Spot market)

This is the most direct way to familiarize yourself with buying and selling operations.

Buy a fraction of a major cryptocurrency: Choose a stable cryptocurrency with a large market capitalization, such as Bitcoin (BTC) or Ethereum (ETH).

Use a market order: To simplify, you can go to the "Trade" section on Binance and buy $10 of BTC. This will allow you to see how the purchase works and how an order is executed at the current market price.

Experiment with a limit order: Then, try selling that fraction of BTC using a "limit order". Set a price slightly higher or lower than the current one to see how the order stays "pending" in the order book until someone decides to buy or sell it at that price. This will teach you about how the market operates.

Important: Keep in mind that Binance has a minimum trade in the spot market, which is generally $10.

Option 2: Use Binance Earn to generate interest

This option teaches you about the concept of passive income in the crypto world.

Buy a stable cryptocurrency (stablecoin): Acquire a stablecoin like USDT or FDUSD with your $10. These coins maintain their value close to $1.

Transfer them to "Simple Earn": Within Binance, look for the "Earn" section and select "Simple Earn". Here you can deposit your USDT or FDUSD to earn a small percentage of annual interest (APY).

Choose a flexible plan: Start with a "flexible" plan that allows you to withdraw your funds at any time. This way, you will see how interest is generated, although the amount will be minimal.