Good question. On Binance, you have several sections to work with cryptocurrencies or tokens
On Binance, you have several sections to work with cryptocurrencies or tokens, but the best for you (low risk, little capital, and short-term goals) will depend on your objectives. Here I explain the main options and tell you which one suits you:
1. Binance Spot (Recommended for you)
What it is: Direct buying and selling of cryptocurrencies or tokens at market price.
Advantages:
Lower risk.
You can buy fractions of cryptos (BTC, ETH, etc.).
You can sell when you see a quick profit.
Ideal for: Starting, doing manual trading, and controlling your movements.
How to use it: Go to “Trade > Spot” on Binance.
Example: Buy BTC when it drops and sell when it rises 2%-5%.
2. Binance Earn (For savings with interest)
What it is: You leave your cryptos or tokens “locked” and earn interest.
Advantages:
You can earn returns without trading.
Low risk (if you choose stablecoins or strong cryptos).
Disadvantages:
Some products have a lock period (you cannot sell quickly).
Ideal for: Keeping your capital in something more stable (like USDT, BNB, or ETH).
How to use it: Go to “Earn > Simple Earn”.
3. Binance Futures (NOT recommended for you right now)
What it is: Trading with leverage (you can gain or lose quickly).
Advantages:
Large potential gains in a short time.
Disadvantages:
High risk, you can lose all your capital quickly.
Ideal for: Advanced traders with experience.
4. Binance Launchpool / Launchpad
What it is: You earn new tokens by staking cryptos (like BNB).
Advantages:
Sometimes they offer good returns on new tokens.
Disadvantages:
Requires BNB and patience.
Ideal for: Passive investments in new projects.
My recommendation for you right now:
Use Binance Spot to buy stable cryptos (BTC, ETH) or memecoins that drop significantly with a chance of rebound.
Keep part of your money in Simple Earn in USDT or BNB if you don't see a good immediate entry.
Do not use Futures or Margin for now.
