How to Set Up a Crypto Wallet: A Beginner-Friendly Guide
(Topic: Crypto Wallets Topic Post: 1/3 About this Series: Click Here )
Key Takeaways Crypto wallets come in different types. Custodial wallets are easy to use but offer limited control over your assets.Non-custodial wallets provide full control, but you're solely responsible for the safety of your keys and funds.Hardware wallets deliver high-level security from online threats, though they can be more expensive and less suitable for beginners. In this guide, we’ll introduce the main types of wallets and walk you through the steps to set up a crypto wallet quickly and easily.
Introduction If you're new to the world of cryptocurrency, the very first thing you'll need is a crypto wallet. A wallet allows you to send, receive, and store digital currencies and assets securely. Wallets come in several forms, each with its own advantages, drawbacks, and level of security. This post will help you understand the different types of wallets and how to pick the right one for your needs. Custodial Wallets Custodial wallets (also called hosted wallets) are managed by third parties such as cryptocurrency exchanges. With these wallets, you don’t have full ownership of your private keys—the service provider handles that part. You rely on them when sending or withdrawing funds. The biggest benefit of custodial wallets is ease of use. You don’t have to worry about storing or securing your private keys yourself. If you forget your password, you can usually recover your account easily.
How to Set Up a Custodial Crypto Wallet Follow these simple steps to get started:
➡️ Select a Platform
Choose a trusted and reputable crypto exchange that follows your country’s legal and regulatory standards. ➡️ Create an Account
Register on the platform using a valid email address and create a strong password to secure your account. ➡️ Verify Your Identity
Most platforms require Know Your Customer (KYC) verification. You’ll need to upload a valid ID and possibly a selfie to complete the process. ➡️ Add Funds
Once your account is verified, link your preferred payment method (like a bank card or transfer) to deposit either fiat currency or crypto. ➡️ Start Trading or Investing
After funding your wallet, you’re ready to begin trading, holding, or investing in cryptocurrencies.
Learn crypto from basic to advance by a daily small dose!
📉 Starting Crypto Without Knowledge? You're Just Giving your Money to the Smart Persons💸 Diving into crypto without knowledge is a most foolish way to lose money. Market makers and Whales knows your next move, through their experience of years. So, without knowledge we are blind in this crypto world. And know is chance to do it. (FOLLOW TO GET FUTURE UPDATED)
🚀 Introducing: Crypto Training – From Beginner to Pro 🧠 Observing this gap of knowledge, I am here to tech you the crypto from basic to advance right here on Binance Square.
NOTE! This series is not a typical analysis of crypto market or something else which other do for money to capture trend, it's about understanding different technologies and concepts which makes crypto future proof.
📚 What You’ll Learn Every day, I’ll cover one important crypto topic in full detail. Whether it's:
🔹 What is Blockchain? 🔹 What makes crypto money of future? 🔹 Wallets, Exchanges, and Security 🔹 DeFi, NFTs, Staking, and More...
You’ll get actionable knowledge, real-world examples, and clear explanations that any beginner can understand—without spending hours watching confusing videos or reading complicated articles.
🧩 Why Follow This Series?
✅ Beginner Friendly – No experience needed
✅ Simple & Clear – Concepts explained in plain language
✅ Time-Saving – Learn in minutes, not hours
✅ Step-by-Step Learning – One topic a day keeps confusion away
Whether you’re a complete beginner or someone who wants to fill in the gaps, this series will equip you with the knowledge and confidence to make smarter crypto decisions.
📅 New Topic Drops Every Day
🎯 Right Here on Binance Square
📌 Follow & Share to Stay Updated
Let’s build your crypto foundation—one day, one topic at a time.
BIG OPPORTUNITY ALERT! $INIT Tokens on Binance TR Launchpool!
Stake BNB now and grab rewards before trading starts! 🔥 What’s Happening? Binance TR’s 5th Launchpool project is here: Initia ($INIT) – a new Layer 1 blockchain that connects different blockchains and apps for a smoother Web3 future! Don’t miss your chance to earn $INIT tokens EARLY by staking BNB. Here’s how: ⏰ Key Dates Staking Period: April 18, 2025 (03:00 AM) – April 24, 2025 (02:59 AM) UTC+3$INIT Listing: Trading starts on April 24, 2025 at 2:00 PM UTC+3 (TRY pairs). 💰 How to Earn $INIT (4 Easy Steps) 1️⃣ Hold BNB in Your Binance TR Account No BNB? Buy or transfer it to your Binance TR wallet. 2️⃣ Stake Your BNB in the Launchpool
Go to the Launchpool page (under “Earn” section). 3️⃣ Sit Back & Let Rewards Grow Rewards are calculated every hour based on your staked BNB. 4️⃣ Claim Your $INIT Tokens Tokens are auto-credited to your wallet after the staking period ends! 🌟 Why Participate? Early Access: Binance TR is one of the FIRST exchanges to list $INIT.Zero Risk: Stake BNB, keep your coins, and earn free tokens.Simple Process: No locking – unstake anytime!
⚠️ Reminders Not financial advice. Cryptocurrencies are volatile – invest wisely.Rewards depend on your staked BNB and total pool size.Check if Launchpool is available in your region. 🚀 Ready to Dive In? Stake your BNB NOW and secure your share of $INIT tokens before they hit the market! Binance TR – Your gateway to Web3 innovation. #INIT #Initia #BinanceTR $INIT $BTC $SOL $BNB (Source: Binance TR. Always verify details on official channels.)
#powellremarks: A connection to the broader discussion on Binance Square.
Markets and discussions have been agitated by Jerome Powell's recent comments regarding Trump's tariff plans. Based on sound economic reasoning, he cautions investors that tariffs will cause inflation and slow growth. Although wise, the Fed's "wait-and-see" strategy seems unduly passive to some, which could postpone necessary rate cuts. Trump's vigorous efforts to remove Powell run the risk of weakening Fed independence, which could cause additional market trepidation. But in this ambiguity, Powell's steady hand might be just what's needed. There have been conflicting market reactions, with stocks first declining and then rising in anticipation of tariff agreements. As the effects of tariffs become apparent, investors should prepare for volatility. The Fed's cautious approach may result in longer-term rate increases, which would impact borrowing costs and investment choices. How do you feel about the Fed's position? #PowellRemarks،
Disclaimer:
This post is for informational purposes only and does not constitute financial advice. Always do your own research before making investment decisions. Terms and Conditions: By engaging with this post, you acknowledge that the views expressed are opinions and not recommendations. The author is not liable for any actions taken based on this information.
Price Prediction: The fair price of PAWS coin launch would be same as was in pre-market (0.0003-0.0004) . Because according to past telegram trend, Telegram airdrops are fading out. These airdrop don't get any attention and any great funding.
What Next: Always capture trends in crypto market. When there was trend of telegram airdrops, it was good but Now, trend is shifting. What trend is right Know? Right know trend is shifted toward Node mining projects like Grass, Nodepay, Gradient etc. So shift your focus according to trend and keep earning!!
⚠️ Disclaimer: This post is for informational purposes only. Trading cryptocurrencies carries risks. Binance does not endorse or guarantee any asset’s performance. Always make informed decisions and do your own research before any action.
🚀 FINAL COUNTDOWN! $WCT Token Launch on Binance in 1.47 HOURS! Set your alarms ⏰ – Trading starts at 4:00 PM UTC! 🎉 Congratulations, Binancians! The moment you’ve been waiting for is almost here! $WCT (WalletConnect Token) will officially list on Binance in TWO HOURS. Get ready to trade, hold, or explore this new asset! 📃 My Strategy: Always give special attention on token which are airdroped to many people. Specifically, In case of $WCT coin, as this token airdroped through Binance Launchpool and also airdroped outside Binance, So people having coins in free will immediately sell the token to get profit. So best strategy here is that, sell the tokens near time of launch at good price a nd if you want to hold this token, firstly do your full research and than wait for significant decrease in price and than think about buying.
How much Airdrop you got??? ( Tell me in Comments)
Good Luck!! Enjoy the profit!
⏰ Don’t Miss Out! 1️⃣ Set Your Alarm NOW for 11:00 (UTC) (check your local time!). 2️⃣ Prepare Funds: Ensure your Spot Wallet is loaded with USDT, BNB, or other supported tokens. 3️⃣ Stay Alert: If you got airdroped of $WCT token, keep your eye open 🔍 Quick Reminders: Review $WCT ’s project details on Binance Research (always DYOR).Volatility is expected – trade responsibly!Not available in all regions. Check eligibility. 🎊 Let’s welcome WCT to the Binance family! May the charts be ever in your favor! ⚠️ Disclaimer: This post is for informational purposes only. Trading cryptocurrencies carries risks. Binance does not endorse or guarantee any asset’s performance. Always make informed decisions. (Posted in compliance with Binance Square guidelines. Listing details subject to official announcements.)
As reported by BlockBeats, the cryptocurrency Fear and Greed Index has fallen to 31, reflecting an increased level of 'fear' within the market. This represents a notable decline from the previous day's index of 45. The Fear and Greed Index, which varies from 0 to 100, is derived from multiple factors: volatility (25%), market trading volume (25%), social media engagement (15%), market surveys (15%), the dominance of Bitcoin in the market (10%), and Google search behaviors (10%).$BTC $ETH $SOL
Binance Word of the Day (WOTD) Alert: Earn 500,000 Binance Points! Learn, Play and Earn!!
This is a general announcement. Products and services referred to here may not be available in your region.
WOTD is an educational word-guessing game, which allows users to increase their crypto vocabulary and stay on top of the latest market developments.
📅 Activity Period April 14, 2025 (00:00 UTC) – April 20, 2025 (23:59 UTC) 🎯 How to Participate (Step-by-Step) 1️⃣ Check Eligibility Ensure you’re from an eligible country/region. Complete account verification (KYC). 2️⃣ Play the Daily WOTD Game First Game: Play the daily WOTD quiz (theme: “Passkeys”). Second Game: Unlock by: Clicking “Get A New WOTD” after your first game. Sharing one of Binance’s selected articles on social media. Ensuring someone clicks your shared link (third-party click required). 3️⃣ Aim for 5 Correct Answers Play up to 2 games daily during the activity period. Earn rewards by getting 5 correct answers total by April 20. 4️⃣ New User Bonus Sign up with referral code “WOTD2025” or via the referral link. Get 10% off spot trading fees (valid indefinitely). Complete tasks in the Rewards Hub within 14 days for extra rewards. Check official Binance Announcement for official Info
🏆 Rewards 500,000 Binance Points split equally among all eligible participants. Points can redeem USDC trading fee rebates and other rewards in the Rewards Hub. 📜 Key Details Binance Points Distribution: Within 2 weeks after the activity ends. Expiry: Points expire on the last day of the same month next year if unused.
⚠️ Important Disclaimers Not available in all regions. Check eligibility in your country. No guaranteed rewards. Binance may cancel/modify the activity anytime. Fraudulent behavior (e.g., fake accounts, manipulation) will disqualify users. Binance Points terms apply. Read the FAQ for details. This post is not financial advice. Always do your own research (DYOR). 🔗 Play Now & Earn! Learn, play, and win – all while boosting your crypto knowledge!
Chance to get $WCT Tokens | Trust Wallet x WalletConnect Airdrop Alert!
Trust Wallet x WalletConnect Airdrop Alert! Complete Simple Tasks & Win 10 $WCT Tokens (10,000 Winners Only) Here’s your chance to earn $WCT tokens by participating in the Trust Wallet and WalletConnect collaboration campaign. Follow these steps carefully to join: Step-by-Step Guide to Participate ✅ Step 1: Visit the Official Trust Wallet X account and search for post of Trust Wallet x WalletConnect and go tasks page through that post ✅ Step 2: Connect Your Wallet Click “Connect Wallet” and choose Trust Wallet (download it from trustwallet.com if you don’t have it). ✅ Step 3: Complete the Required Tasks
✅ Step 4: Wait for Results 10,000 winners will be randomly selected after the campaign ends. Each winner receives 10 $WCT tokens directly to their Trust Wallet.
⚠️NOTE: Always check official post for correct information, check and complete all tasks carefully according to given instructions.
⚠️ Important Clarifications Not Everyone Wins: Only 10,000 participants will receive tokens. No Guarantees: Completing tasks doesn’t guarantee rewards. Deadline: Check the Intract page for the campaign end date.
🚨 Important Note: This post is for informational purposes only. Participation in this campaign is at your own risk. Binance is not responsible for this airdrop or its outcomes. Always do your own research (DYOR). 🔒 Safety Tips & Disclaimers Never share private keys or seed phrases. Only use the official links provided. This is not a Binance campaign. Binance has no involvement in this airdrop. Rewards may have tax implications. Consult a professional. 📢 Final Reminder: This post is for educational purposes only. Cryptocurrency activities carry risks, and rewards are never guaranteed. Always verify links and avoid scams! Good luck! 🍀
🚀 Don’t Miss Out! Earn FREE WalletConnect Tokens (WCT) on Binance Launchpool – Here’s How! Quick, simple, and easy – follow these steps to grab your share of WCT tokens! 📢 How to Get Started (Easy Guide): Join the Binance Launchpool and start earning WCT tokens by staking your crypto. Here’s the breakdown: 👉 Step 1: Log Into Your Binance Account Open Binance.com or the app, sign in, and make sure your account is verified (KYC done). 👉 Step 2: Get BNB, FDUSD, or USDC in Your Wallet You’ll need one of these tokens (BNB, FDUSD, or USDC) in your Spot Wallet. Transfer them if you don’t have any. 👉 Step 3: Find the Launchpool Section Click the Earn tab → Choose Launchpool or go directly here: Binance Launchpool. Look for the WCT pool on the homepage. 👉 Step 4: Pick Your Favorite Pool Choose where to stake: BNB Pool: Great if you already hold BNB. FDUSD/USDC Pools: Perfect for stablecoin users. 👉 Step 5: Lock Your Tokens to Earn Decide how much you want to stake (any amount works!). Click Confirm to start. 👉 Step 6: Watch Your Rewards Grow Earnings update every hour! Check your progress anytime on the Launchpool dashboard. You can unstake anytime (no penalties), but rewards stop when you do. 👉 Step 7: Claim Your Free WCT! After the event ends, Binance sends your WCT tokens to your Spot Wallet. Click Claim when the button lights up! 💡 Quick Tips: Stake ASAP: The earlier you start, the more tokens you earn! No stress: Unstake whenever you want – your rewards stay yours. Ready to grab free crypto? Start staking now and let Binance Launchpool do the work for you! 🎉