#BSCTradingTips
Research & Due Diligence** – Always investigate projects on Binance Smart Chain (BSC). Check audits, team credibility, tokenomics, and community engagement.
2. **Use Trusted Wallets** – Secure your assets with wallets like Trust Wallet or MetaMask. Enable extra security (2FA, hardware wallets).
3. **Gas Fees & Timing** – BSC fees are low but fluctuate. Trade during low congestion to save costs.
4. **Avoid Scams** – Beware of rug pulls and honeypots. Verify contracts on BscScan and avoid unrealistic APYs.
5. **Leverage DEXs** – Use PancakeSwap or ApeSwap for trading. Compare slippage and liquidity before executing trades.
6. **Set Stop-Loss & Take-Profit** – Manage risk by defining exit points. Avoid emotional trading.