1. Entering the crypto world: From naive experimentation to bonding with Binance
(1) 2005-2017: Early exploration under traditional financial thinking
In 2005, driven by curiosity about the emerging financial field, I embarked on my trading journey. My early trading experiences on other platforms made me deeply realize the coexistence of high volatility and opportunities in the cryptocurrency market. At that time, the market was still in a primitive stage, with varying degrees of platform security and trading experiences, which laid the groundwork for my later encounter with Binance.
(2) 2017: The rise of Binance, opening a new chapter in professional trading
Binance was established in 2017, and its innovative trading model, rich variety of cryptocurrencies, and efficient trading system quickly attracted me. My first spot trading experience of BTC/USDT on Binance surprised me with its smooth operating interface and stable matching engine. Binance's attention to user experience allowed me, a newcomer to the platform, to quickly feel the charm of a professional exchange, thus opening the door to deep cooperation with Binance.
2. Deep gaming: The advanced path at Binance
(1) Spot trading: Grasping trends, accumulating initial capital
In Binance's spot trading, I have always adhered to the value investment philosophy. I seized the opportunity of BTC's pullback in 2018 to gradually build positions, and accurately positioned ETH and UNI during the DeFi boom in 2020. With Binance's rich market analysis tools and real-time market data, I successfully grasped market trends multiple times. Binance's strong liquidity support allowed me to execute large trades quickly, avoiding slippage losses and gradually accumulating considerable initial capital.
(2) Contract trading: Explore risks, lessons from the market
In 2021, I tried Binance's contract trading, initially experimenting with BTC perpetual contracts, amplifying profits using 20x leverage and enjoying the benefits. However, lacking a deep understanding of the full position mode rules, I encountered liquidation due to severe fluctuations in ETH prices, suffering a loss of 272 ETH despite having sufficient BTC collateral. This experience made me deeply aware of the high risks of contract trading and prompted me to pay more attention to risk control and rule study. Binance's detailed rule explanations and risk warnings in contract trading, although unable to prevent this loss, laid the foundation for my subsequent rational trading.
(3) IEO and ecological participation: Sharing the platform's development dividends
After the launch of Binance Launchpad, I actively participated in the subscription of several high-quality projects, such as BTT in 2019 and CELR in 2020. By holding BNB to obtain subscription quotas, I not only enjoyed trading fee discounts but also gained considerable profit after the projects went live. At the same time, I participated in the construction of the Binance ecosystem, such as using Binance Smart Chain (BSC) for DeFi mining, experiencing the platform's foresight in blockchain ecological layout, and further feeling Binance's strength as an industry leader.
3. Weathering the storm together: Coping with market black swans and growing together with the platform
(1) Risk control and trust in the midst of market turmoil
In May 2021, the cryptocurrency market experienced severe fluctuations, Bitcoin prices plummeted, leading to 150,000 liquidations, with $400 million vanishing. In this crisis, Binance quickly activated the SAFU fund to protect user assets while timely disclosing market conditions and platform response measures through announcements. Although my account assets on Binance were also impacted, the platform's stable system and transparent handling methods further increased my trust in Binance. Since then, Binance has continuously optimized its risk control system and strengthened market monitoring, providing users with more reliable protection in extreme market conditions.
(2) Iteration of platform rules and upgrades in user services
In response to the early user feedback regarding the understanding differences in contract rules, Binance continuously optimized trading rule explanations, launched detailed graphic tutorials and video explanations to help users better understand the differences between full positions, partial positions, and other trading models. At the same time, the customer service team achieved 24/7 multi-language online support, significantly improving response speed and professionalism. In 2024, Binance's spot trading volume continued to lead, with a market share of 46.59%. This not only reflects the platform's strength but also benefits from its continuous optimization of user experience and rule systems, allowing users to trade more confidently.
(3) Compliance development and globalization layout
With the gradual clarification of cryptocurrency regulatory policies in various countries, Binance actively cooperated with local regulatory agencies to obtain relevant licenses, ensuring compliant business operations. In 2024, Binance obtained a virtual asset exchange license in Hong Kong, further expanding its globalization layout. As a user, I deeply feel Binance's efforts on the compliance road, which lays a solid foundation for the platform's long-term development, allowing us to trade more confidently in a complex regulatory environment.
4. Twenty years of insights: Meeting a better investment self at Binance
(1) Respecting the market: Risk control is always the first priority
Twenty years of trading experience at Binance has made me more respectful of the market. Whether it's trend judgment in spot trading or leverage usage in contract trading, risk control is always at the core. I learned to use Binance's stop-loss and take-profit functions and position management tools to keep risks within a manageable range, no longer blindly pursuing high returns while ignoring potential risks.
(2) Growing together with the platform: Choice is greater than effort
Since its emergence as a trading platform in 2017, Binance has grown into a leading global digital asset trading platform, with its innovation capability and understanding of user needs being truly admirable. As a user, I was fortunate to participate in and witness this process, continuously enhancing my investment capability by utilizing various tools and services provided by the platform. Choosing a reliable, professional, and development-potential platform often allows our investment journey to be more efficient.
(3) Rational investment: Staying clear-headed amidst fluctuations
The cryptocurrency market is full of uncertainties, and price fluctuations are intense. In my trading experience with Binance, I learned to remain calm during market frenzies and to uphold value judgments during market downturns. Not being swayed by short-term emotions and making investment decisions based on in-depth research and analysis is the most valuable experience gained from my twenty years of trading, and it is the result of continuous practice and summarization on the Binance platform.
Twenty years of trading cryptocurrency has been a journey filled with opportunities and challenges. Binance, as an important partner, not only provided me with a professional trading platform but also accompanied me in my continuous growth amidst market fluctuations. In the future, I will continue to work hand in hand with Binance, facing the market with respect and a rational attitude towards investment, steadily advancing in the wave of cryptocurrency.
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