Key Standards for Selecting a Coin on Binance
🎚️1. Market Liquidity & Volume
Choose coins with high trading volume and liquidity. This means you can easily buy or sell without big price changes. On Binance, BTC, ETH, BNB, and top altcoins usually have the most liquidity.
🎯2. Project Fundamentals
Know the purpose of the project. Is it based on a real-world use case, innovation, or just hype? Check the team, partnerships, and roadmap before investing.
💰3. Market Capitalization & Ranking
Large-cap coins, which are among the top 20 by market cap, are generally less risky than small-cap or newly listed tokens. New traders should stay away from low-cap coins that may be prone to "pump-and-dump" schemes until they gain experience.
🎢4. Volatility & Risk Level
Some coins can have wild price swings. If you’re new, start with less volatile pairs like BTC/USDT or ETH/USDT. Use stop-loss orders to help manage risk.
👨❤️💋👨5. Trading Pairs & Availability
Select coins that are paired with USDT, BUSD, BTC, or ETH for better stability. Avoid exotic pairs with little activity.
🤝6. Community & Transparency
Strong communities often show better support and longevity for projects. Check official announcements, social media, and Binance Research reports.
✅7. Binance Trust Factor
Binance often checks projects before listing them. However, newer tokens, like those from Launchpool or Launchpad, may carry more risk with the potential for higher rewards.
📊8. Security & History
Consider if the coin has faced hacks, rug pulls, or serious scandals. A coin's past reliability can indicate its long-term potential.
👉Beginner Tip:
Start with major coins like BTC, ETH, BNB, SOL, XRP, or ADA. As you build your confidence, you can gradually explore mid-cap or newer tokens. Always set a trading plan that includes entry points, targets, and stop-loss orders before making any trades.
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