A few months ago, I decided to start in the world of Cryptos using the most known platform... #Binance
What is Binance and why use it?
Binance is one of the cryptocurrency exchange platforms, serving as a reliable entry point for beginners who want to buy, sell, or earn money with cryptocurrencies.
In addition to offering the possibility to buy Bitcoin and other cryptos, Binance also allows generating passive income, trading, fixed-term investing, and more.
But if you are new to this world, you might ask the following questions:
How much minimum money do I need to start?
Which option within Binance is the safest or most profitable to start?
How to avoid mistakes and lose my money?
In this text, I hope you can find answers to these questions and clarify something more about this#MundoCripto
What is the recommended minimum deposit to start on Binance?
✅ Real minimum deposit vs. recommended minimum deposit
Binance doesn't require a mandatory minimum amount to open your account, but for your investment to make sense and to access functions like staking, trading, or flexible savings, it's ideal to start with a capital that allows you to:
Diversify a bit (don't put everything in a single crypto).
Have margin for fees (although Binance has low rates).
Access products like Launchpool or Flexible Savings.
💰 Recommended amount to start: between 50 and 200 USD
🔐 Super Tip: Start with what you are willing to lose. Cryptocurrencies are volatile and your priority should be to learn, not to make millions in the first month.
📌 Recommendation: For beginners, the P2P method is the most economical and accessible. You can buy USDT and then convert it to the cryptocurrency you want.
Where to start to generate income on Binance?
Binance has many options to earn money, but not all are suitable for beginners. Here I explain the simplest and safest to start:
🔹 Option 1: Binance Earn – Flexible Savings
An option that allows you to deposit cryptos (like USDT or BNB) and earn daily interest. It's like a savings account in a bank, but in cryptocurrencies.
Why is it good for beginners?
No fixed terms: you can withdraw your money whenever you want.
Passive income: without trading or taking too much risk.
You can start with $10 or less.
How much can you earn?
Between 2% and 6% annual depending on the crypto.
🎯 Ideal for beginners who want to experiment with passive income without stress.
🔹 Option 2: Staking (of cryptos like BNB or ETH)
You lock a certain amount of crypto for a specified period (7, 30, 60 or more days) and earn rewards for it.
Advantages:
Higher yields than flexible savings (up to 10% or more).
Low risk if you choose reliable cryptos.
Consideration: Your money is locked until the term ends.
Not suitable if you need quick liquidity.
🎯 Ideal for those who are willing to leave their money still for a while and want to improve their returns.
🔹 Option 3: Launchpool – Earn new cryptos for free
By leaving your #BNB or #FDUSD in 'flexible staking', Binance gives you tokens from new projects as a reward.
Why is it interesting?
No risk of losing the original capital.
You can earn tokens from new projects that then appreciate in value.
🎯 Ideal for users who already have some BNB and want to maximize it.
🔹 Option 4: Spot Trading (Direct crypto exchange)
Buy low and sell high. Example: buy Bitcoin at $60,000 and sell it at $64,000.
Is this good for beginners?
It's not the best option to start if you don't understand the market.
High volatility.
Requires analysis, emotional control, and time.
🟡 Only recommended if you educate yourself first and make small trades.
What NOT to do as a beginner on Binance?
❌ Don't start with futures or margin trading.
These modalities allow leverage (multiply your money… or your losses). They are not for beginners.
❌ Don't put all your funds in a single crypto without researching. Diversifying is always better.
❌ Don't invest based on emotions or because you saw a trend on social media.
On the web, you find many analysis tools; even Binance has an excellent section for analysis. The most important thing is: 'Use logic, not emotion.'
Some ideas and tips that I consider important when starting in the Crypto World, especially if you decide to do it with the Binance platform (or others) are:
✔️ Enable two-step verification (2FA): Protect your account with additional security.
✔️ Start in simulator mode (using Binance's educational tools).
✔️ Join Spanish-speaking communities: Learn from other users.
✔️ Train yourself with Binance Academy: Free and useful.
To close this article, always remember: DO NOT INVEST MONEY THAT IS PART OF YOUR PRIMARY EXPENSES (Rent, Fees, Food, Transportation, Utility Bills, or Essential Services.) In the Crypto World and in general trading topics, volatility and the possibility of losing your money will always be high, especially as a beginner.
Educate yourself, practice many times before making your trades with real money.
By: Chapln (content created by the author and consultations in AI ChatGPT)
