Trading in cryptocurrencies has become a popular choice for those seeking additional income or long-term investment. If you are a beginner, Binance is considered one of the best places to start, thanks to its ease of use and security.
The first step is to create an account on binance.com, using your email or phone number. After registering, you will be asked to verify your identity (KYC) by sending a picture of your ID and passport to ensure account security and increase your deposit and withdrawal limits.
After that, you can deposit funds using a bank card, bank transfer, or through someone who owns cryptocurrencies. Once deposited, you can head to 'Spot Trading' to buy your first cryptocurrency like Bitcoin (BTC) or Ethereum (ETH).
Start with simple orders like 'Market' for instant purchases. But more importantly, learn technical analysis and understand tools like Stop Loss to protect your capital.
Don't forget to start with a small amount and gradually scale your trading until you gain enough experience. Successful trading is not about luck, but about knowledge and skill.
Discipline.
