(Part 2/2) What to do with $10 on Binance..
Option 3: Hold a long-term investment
This is the simplest and most passive strategy.
Buy a solid cryptocurrency: Simply use your $10 to buy a fraction of a leading cryptocurrency like Bitcoin (BTC) or Ethereum (ETH).
Store it in your Binance wallet: Consider this purchase as a long-term investment. Don't try to trade it actively; just watch it over time. This will help you understand volatility and market cycles without the stress of daily trading.
What NOT to do:
Leverage Trading (Futures): This is extremely risky, and you could lose your $10 in seconds. With such a small amount, it's not worth it.
Buy highly volatile altcoins: Low market cap altcoins can have large spikes, but also large drops. With $10, a bad decision could reduce your capital to almost zero.
Try to withdraw the funds: The $10 might not be enough to cover withdrawal fees, especially if you withdraw to an expensive network like Ethereum. You could end up losing a significant portion or all of your capital in fees.
Conclusion:
The best way to use your $10 is to learn the basics of trading and the platform's functions safely. Consider this as an investment in your financial education in cryptocurrencies.