Syed Aman110
Open Trade
Occasional Trader
3.6 Years
anybody wants help dm me!
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How to secure your Binance account
Securing your Binance account is crucial to protect your assets. Here are some tips and best practices based on the experiences and advice shared by Redditors:
Enable Two-Factor Authentication (2FA)
Use Hardware 2FA: Consider using a hardware security key like a Yubikey. Hardware 2FA is more secure than SMS or app-based authenticators. "I would highly recommend buying Yubico Key. It costs $50 but you will have piece of mind."
Avoid SMS Authentication: SMS authentication is vulnerable to SIM swap attacks. "I removed SMS Auth and just kept the Google authenticator method setup when I found out this was possible."
Set Up Whitelisting
Enable Address Whitelisting: This feature allows you to specify the only addresses where you can withdraw your funds. "Set whitelist addresses to only withdraw to these (a new one gets active after 24 hours)."
Use Strong and Unique Passwords
Password Manager: Use a password manager to generate and store strong, unique passwords for each of your accounts. "Password manager! it's stupid not to use them for anything worth hacking
#SecureTomorrow #secure_account #NEWTBinanceHODLer #BinanceTGEXNY
Securing your Binance account is crucial to protect your assets. Here are some tips and best practices based on the experiences and advice shared by Redditors:
Enable Two-Factor Authentication (2FA)
Use Hardware 2FA: Consider using a hardware security key like a Yubikey. Hardware 2FA is more secure than SMS or app-based authenticators. "I would highly recommend buying Yubico Key. It costs $50 but you will have piece of mind."
Avoid SMS Authentication: SMS authentication is vulnerable to SIM swap attacks. "I removed SMS Auth and just kept the Google authenticator method setup when I found out this was possible."
Set Up Whitelisting
Enable Address Whitelisting: This feature allows you to specify the only addresses where you can withdraw your funds. "Set whitelist addresses to only withdraw to these (a new one gets active after 24 hours)."
Use Strong and Unique Passwords
Password Manager: Use a password manager to generate and store strong, unique passwords for each of your accounts. "Password manager! it's stupid not to use them for anything worth hacking
#SecureTomorrow #secure_account #NEWTBinanceHODLer #BinanceTGEXNY
Essential Tips for New Traders
Start with Educational Resources:
Binance Academy offers a wealth of educational resources to help you understand the basics of cryptocurrency and trading. "Binance Academy"
Consider watching YouTube tutorials and reading guides to get a solid foundation. "You can also watch YouTube videos."
Understand Different Trading Strategies:
Spot Trading: This is the simplest form of trading where you buy and sell cryptocurrencies at the current market price. "I recommend spot trading if Newbee. BUY low and SELL high lang naman yan."
Dollar-Cost Averaging (DCA): Invest a fixed amount of money at regular intervals to reduce the impact of market volatility. "DCA and sleep well at night"
Manage Your Risk:
Only Invest What You Can Afford to Lose: Cryptocurrency is highly volatile, so only invest money that you won't need immediately. "NEVER invest a money you cannot afford to lose."
Use Stop-Loss Orders: Set stop-loss orders to automatically sell your assets if the price drops to a certain level, helping you limit potential losses. "Learn how to set stop-loss orders, calculate position sizes, and manage your overall risk per trade."
Avoid High-Risk Trading:
Margin and Futures Trading: These are high-risk and should be avoided by beginners. "If you're a newbie, never ever touch futures trading."
Memecoins and Shitcoins: These are highly speculative and can be very risky. "I'd run away from Shib and memes in general!"
Secure Your Account:
Enable Two-Factor Authentication (2FA): This adds an extra layer of security to your account. "Enable two-factor authentication on your accounts."
Use Strong Passwords: Ensure you have a strong, unique password for your Binance account.
Stay Informed:
Join Communities: Engage with other traders in online communities to learn from their experiences. "Join communities like r/CryptoCurrency and r/Bitcoin on Reddit."
Additional Resources
Binance Academy: https://academy.binance.com/
CoinGecko: https://www.coingecko.com/
#NODEBinanceTGE #BinanceAlphaAlert #NewTraders #TipsForBeginners #IranIsraelConflict
Binance Academy offers a wealth of educational resources to help you understand the basics of cryptocurrency and trading. "Binance Academy"
Consider watching YouTube tutorials and reading guides to get a solid foundation. "You can also watch YouTube videos."
Understand Different Trading Strategies:
Spot Trading: This is the simplest form of trading where you buy and sell cryptocurrencies at the current market price. "I recommend spot trading if Newbee. BUY low and SELL high lang naman yan."
Dollar-Cost Averaging (DCA): Invest a fixed amount of money at regular intervals to reduce the impact of market volatility. "DCA and sleep well at night"
Manage Your Risk:
Only Invest What You Can Afford to Lose: Cryptocurrency is highly volatile, so only invest money that you won't need immediately. "NEVER invest a money you cannot afford to lose."
Use Stop-Loss Orders: Set stop-loss orders to automatically sell your assets if the price drops to a certain level, helping you limit potential losses. "Learn how to set stop-loss orders, calculate position sizes, and manage your overall risk per trade."
Avoid High-Risk Trading:
Margin and Futures Trading: These are high-risk and should be avoided by beginners. "If you're a newbie, never ever touch futures trading."
Memecoins and Shitcoins: These are highly speculative and can be very risky. "I'd run away from Shib and memes in general!"
Secure Your Account:
Enable Two-Factor Authentication (2FA): This adds an extra layer of security to your account. "Enable two-factor authentication on your accounts."
Use Strong Passwords: Ensure you have a strong, unique password for your Binance account.
Stay Informed:
Join Communities: Engage with other traders in online communities to learn from their experiences. "Join communities like r/CryptoCurrency and r/Bitcoin on Reddit."
Additional Resources
Binance Academy: https://academy.binance.com/
CoinGecko: https://www.coingecko.com/
#NODEBinanceTGE #BinanceAlphaAlert #NewTraders #TipsForBeginners #IranIsraelConflict
Basic Steps to Start Trading on Binance
Sign Up and Verify Your Account:
Create a Binance account and complete the KYC (Know Your Customer) verification process. This is essential for security and compliance. "Once you’ve picked an exchange, the setup process is pretty straightforward. You’ll need to sign up, complete KYC (Know Your Customer) verification by submitting your ID and proof of address, and then secure your account with 2FA (Two-Factor Authentication)."
Deposit Funds:
You can deposit funds into your Binance account using various methods such as bank transfer, credit/debit card, or other cryptocurrencies. "You can deposit funds—either via bank transfer, card payment, or even P2P trading, depending on what’s available in your country."
Navigate the Binance Interface:
Binance has a comprehensive interface, which can be a bit complex for beginners. Start by exploring the basic features like spot trading, wallet, and order types. "Binance has a comprehensive interface, which can be a bit complex for beginners. Start by exploring the basic features like spot trading, wallet, and order types#NODEBinanceTGE #NEWTBinanceHODLer #IsraelIranConflict #BinanceAlphaAlert #SaylorBTCPurchase
Sign Up and Verify Your Account:
Create a Binance account and complete the KYC (Know Your Customer) verification process. This is essential for security and compliance. "Once you’ve picked an exchange, the setup process is pretty straightforward. You’ll need to sign up, complete KYC (Know Your Customer) verification by submitting your ID and proof of address, and then secure your account with 2FA (Two-Factor Authentication)."
Deposit Funds:
You can deposit funds into your Binance account using various methods such as bank transfer, credit/debit card, or other cryptocurrencies. "You can deposit funds—either via bank transfer, card payment, or even P2P trading, depending on what’s available in your country."
Navigate the Binance Interface:
Binance has a comprehensive interface, which can be a bit complex for beginners. Start by exploring the basic features like spot trading, wallet, and order types. "Binance has a comprehensive interface, which can be a bit complex for beginners. Start by exploring the basic features like spot trading, wallet, and order types#NODEBinanceTGE #NEWTBinanceHODLer #IsraelIranConflict #BinanceAlphaAlert #SaylorBTCPurchase
Stick to 3 rules I’ve developed
1- Profit is profit (if you plan on day trading, even if you made $1 a day, that’s still profit, be thankful)
2- stick to a plan (I have a “rinse and repeat” method that I use and it’s been able to bring me profit which I enjoy and i don’t risk too much)
3- “I stake but I also take” (I made this little saying to myself, this applies to trading and staking, always withdraw some profit, in the scenario everything goes down hill you At least made some source of profit and didn’t lose everything, same thing for staking, staking rewards, re-stake but some rewards, keep to yourself or withdraw)#NODEBinanceTGE #USCorePCEMay #BTC110KToday? #BinanceAlphaAlert #ScalpingStrategy
1- Profit is profit (if you plan on day trading, even if you made $1 a day, that’s still profit, be thankful)
2- stick to a plan (I have a “rinse and repeat” method that I use and it’s been able to bring me profit which I enjoy and i don’t risk too much)
3- “I stake but I also take” (I made this little saying to myself, this applies to trading and staking, always withdraw some profit, in the scenario everything goes down hill you At least made some source of profit and didn’t lose everything, same thing for staking, staking rewards, re-stake but some rewards, keep to yourself or withdraw)#NODEBinanceTGE #USCorePCEMay #BTC110KToday? #BinanceAlphaAlert #ScalpingStrategy
Binance withdrawal process
Withdrawing from Binance can be a bit
General Steps for Withdrawing from Binance
Verification and Security:
Ensure your account is fully verified with KYC (Know Your Customer) if required.
Enable two-factor authentication (2FA) for added security.
Convert to a Supported Currency:
Binance supports various cryptocurrencies and fiat currencies. If you have a different cryptocurrency, you might need to convert it to one that is directly supported for withdrawal in your region.
For example, you can convert your cryptocurrency to USDT, BTC, ETH, or a fiat currency like USD or EUR.
Withdrawal Methods:
Direct Bank Transfer: Available in some regions. Check if your country supports direct bank transfers from Binance.
Cryptocurrency Transfer: You can transfer to another exchange or a personal wallet.
P2P Trading: Useful for regions where direct bank transfers are not available or have restrictions.
Specific Steps and Tips
Withdrawing to a Bank Account
Convert to Fiat: First, sell your cryptocurrency for a fiat currency like USD, EUR, or GBP.
"Go on Trade and Sell your DOGE to USDT. Then you go back and go to Convert. Put all your USDT and select to GBP. Then click Wallet > Withdraw and click on Fiat. Enter the GBP and transfer to account"
Use a Middleman Exchange: If Binance doesn't support direct withdrawals in your currency, you might need to transfer to another exchange that does.
"Use kraken pro to swap your coins to GBP, then withdraw to your bank. The withdrawal costs £1.95."
Withdrawing via Cryptocurrency
Sell via P2P: Binance P2P allows you to sell directly to other users for local currency.
"Yes you can. Just use p2p function, and only take ads from merchants (those with golden sign next to the nickname)"
"Binance P2P is quick and easy straight into your bank. Just hit the P2P then sell btc or eth. Will cost you about 1 percent" #WithdrawalProblem #BinanceSquareTalks #NODEBinanceTGE #IsraelIranConflict
Withdrawing from Binance can be a bit
General Steps for Withdrawing from Binance
Verification and Security:
Ensure your account is fully verified with KYC (Know Your Customer) if required.
Enable two-factor authentication (2FA) for added security.
Convert to a Supported Currency:
Binance supports various cryptocurrencies and fiat currencies. If you have a different cryptocurrency, you might need to convert it to one that is directly supported for withdrawal in your region.
For example, you can convert your cryptocurrency to USDT, BTC, ETH, or a fiat currency like USD or EUR.
Withdrawal Methods:
Direct Bank Transfer: Available in some regions. Check if your country supports direct bank transfers from Binance.
Cryptocurrency Transfer: You can transfer to another exchange or a personal wallet.
P2P Trading: Useful for regions where direct bank transfers are not available or have restrictions.
Specific Steps and Tips
Withdrawing to a Bank Account
Convert to Fiat: First, sell your cryptocurrency for a fiat currency like USD, EUR, or GBP.
"Go on Trade and Sell your DOGE to USDT. Then you go back and go to Convert. Put all your USDT and select to GBP. Then click Wallet > Withdraw and click on Fiat. Enter the GBP and transfer to account"
Use a Middleman Exchange: If Binance doesn't support direct withdrawals in your currency, you might need to transfer to another exchange that does.
"Use kraken pro to swap your coins to GBP, then withdraw to your bank. The withdrawal costs £1.95."
Withdrawing via Cryptocurrency
Sell via P2P: Binance P2P allows you to sell directly to other users for local currency.
"Yes you can. Just use p2p function, and only take ads from merchants (those with golden sign next to the nickname)"
"Binance P2P is quick and easy straight into your bank. Just hit the P2P then sell btc or eth. Will cost you about 1 percent" #WithdrawalProblem #BinanceSquareTalks #NODEBinanceTGE #IsraelIranConflict
Full time decentralized finance developer here:
Stay on a Centralized exchange like binance until you have a good grasp of how crypto works. Don't move your coins to metamask or any other wallet unless you're sure you know what you're doing and some of the ways you can be rugged.
"not your keys not your crypto" is a common saying because centralized exchanges have been caught freezing assets, going under and losing money, but ultimately they're probably safer for your money that the wilderness of going on chain without proper security.
When it comes to coins. Dont get suckered in for new random alt coins that will never go anywhere. Don't listen to crypto YouTubers. Without exception, they have no idea what they are talking about.
I mean that - without exception, every single one I have seen is either misinformed or an obvious shill.
Stick to the basics. Put a small amount into ETH each month as it is leaps and bounds ahead of any other network. You can buy Bitcoin if you want, I personally don't see a future in it but that's a somewhat controversial take.
Most of the other hyped coins you will hear about are riding high on expectations of value from other investors, they are not really being used. Do a lot of research before investing into any of them. They are not going to 100x tomorrow (or ever) so don't worry about that. Take your time
#Write2Earn #Binance #CryptoPatience
Stay on a Centralized exchange like binance until you have a good grasp of how crypto works. Don't move your coins to metamask or any other wallet unless you're sure you know what you're doing and some of the ways you can be rugged.
"not your keys not your crypto" is a common saying because centralized exchanges have been caught freezing assets, going under and losing money, but ultimately they're probably safer for your money that the wilderness of going on chain without proper security.
When it comes to coins. Dont get suckered in for new random alt coins that will never go anywhere. Don't listen to crypto YouTubers. Without exception, they have no idea what they are talking about.
I mean that - without exception, every single one I have seen is either misinformed or an obvious shill.
Stick to the basics. Put a small amount into ETH each month as it is leaps and bounds ahead of any other network. You can buy Bitcoin if you want, I personally don't see a future in it but that's a somewhat controversial take.
Most of the other hyped coins you will hear about are riding high on expectations of value from other investors, they are not really being used. Do a lot of research before investing into any of them. They are not going to 100x tomorrow (or ever) so don't worry about that. Take your time
#Write2Earn #Binance #CryptoPatience
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