Some suggestions for newcomers in the cryptocurrency circle

When you first enter the circle, it is best to trade relatively stable coins, such as BTC, ETH, BNB and other large currencies. Try not to touch altcoins, because the fluctuations are too large and they can go up and down at any time.

Do more spot transactions and less contracts. Some newbies may not understand the difference between spot transactions and contracts. I will give you some popular science here.

1. Spot transactions:

Just like buying goods at ordinary times, you give him money and he gives you goods. For example, if you spend 5,000 yuan to buy a coin, then you own this coin, and you can transfer this coin to your own wallet or give it to others.

Advantages: The coins you buy belong to you, no matter whether the price goes up or down, the coins you buy are always

Disadvantages: You can only make a profit if the price of the coin goes up

2. Contract transactions:

Contract transactions are to use a small amount of funds to trade several times the original amount, and both gains and losses will increase with it. For example, if you can buy 1 BTC, then you can buy 10 with a leverage of 10 times!

The advantage of contract trading is that it can be traded in both directions. Whether it goes up or down, you can make a profit, provided that you can grasp the direction, but the risk is equal to the profit. Therefore, contract trading is not recommended for novices. Rationally distinguish the risks of various transactions and carefully choose the trading method that suits you according to your own tolerance.$BTC $ETH $BNB #新币挖矿 #sui #SHIB #Meme #WIF