Here's an insight🔌

💡How to hold and invest your coins on Binance

📍1. Make a deposit or purchase cryptocurrency or funds. You must first have funds in your Binance account: If you already have cryptocurrency, move it to your Binance wallet address (USDT, BTC, ETH, etc.).

If you don't already have cryptocurrency, you can purchase USDT or BTC directly on Binance through bank transfer (if supported), debit/credit card, or P2P trading.

📍2. Keep Money in Your Spot Wallet Your money will show up in your Spot Wallet after it has been deposited. Because USDT (Tether) is stable (1 USDT ≈ 1 USD) and makes investing simple when opportunities arise, holding onto it is a wise decision.

📍3. Decide Where to Put Your Money You can do the following from your Spot Wallet: Spot trading is the direct buying and selling of cryptocurrencies (e.g., trade USDT for BTC, ETH, etc.).

Earn Products → Lock or stakeEarn Products → To generate passive income, lock or stake your cryptocurrency (Binance Earn). Hold cryptocurrency to receive free rewards from new projects with Launchpool and Megadrop. Advanced Futures/Options → Leverage trading (higher risk).

📍4. Hold onto Extra Cash in USDT Keep USDT in your Spot Wallet if you're not ready to invest right now. Unlike other coins, it will never lose value and will always be prepared for your next investment or trade.

For instance: You make a $50 USDT deposit. It's in your Spot Wallet. You use that USDT to purchase Bitcoin, BNB, or stock in Binance Earn when you see a good opportunity.👌🔥