My Favorites on Binance

I'm a conservative trader. I try to avoid to much risk. Therefore I usually trade within the top 100 cryptos.

A lot of products on Binance help you to grow your portfolio. Be sure to get familiar with it!

#Staking is a good opportunity to get rewards for your assets. Stake $BNB to receive #Launchpool rewards. Right now you get some $Portal for your staked $BNB ! You can stake a lot of different coins. Do not HODL in your spot wallet, you will miss rewards! Lock your coins for a while (30, 60, 90 or 120 days) to receive a better percentage on the rewards.

#BinanceAcademy helps to understand the different tools, mechanics and of course the needed basics. You can receive an #NFT for your progress. Check it out, learning helps a lot to optimize your personal strategy!

#DCA (Dollar Cost Average) and investment plans help you too, to grow your wealth. Here you define how much you like to invest on a regular base in which coins.

There is a lot more to discover! Make sure to leave a follow. Thanks a lot for reading. As always, let me know if you like my content!

Have an amazing day!

#Write2Earn‬ #BinanceBasics

Here’s a quick overview of how people profit from cryptocurrencies:

1. #Buying and Holding (HODLing): Purchase and hold crypto long-term, hoping the value increases.

2. #Trading: Buy low and sell high through short-term trades to profit from market fluctuations.

3. #Staking: Earn rewards by locking up your crypto to help secure the network.

4. #Yield Farming: Lend or stake crypto in decentralized finance (DeFi) platforms to earn interest.

5. #Mining: Solve complex problems to validate transactions and earn new coins.

6. #Airdrops and Forks: Receive free tokens from network upgrades or promotional events.

While potentially profitable, crypto investing carries high risk due to price volatility.
#BinanceLaunchpoolHMSTR #BinanceSquareFamily #BinanceBasics

🔴 Alarming News: Why Isn’t My Money Growing?

A lady recently asked why her $28 in Binance wasn’t increasing. She had high hopes for Bitcoin but mistakenly assumed that USDT (a stablecoin) would behave the same way. Here's a vital lesson:

Stablecoins like USDT are designed to maintain a stable value—they won’t grow in price like Bitcoin or altcoins. While Bitcoin and other cryptocurrencies can soar (or plummet), USDT is built to stay steady. This is great for avoiding volatility, but not for seeing your investment grow.

Ever wondered why your $28 in USDT turned into $20 in your bank account? When you convert crypto to fiat, there are transaction fees—ranging from 0.1% to 10%—depending on the platform and currency. So, the amount you receive will always be a bit less.

These fees and commissions are standard in the crypto world—no need to worry, it’s all part of the process! Understanding these basics helps you navigate the world of cryptocurrency more confidently. 🌐💰

#BinanceBasics #CryptoTrading #BullishonNot #Write2Earn!