Since 2017, Binance has been striving to make crypto and financial freedom accessible to the masses. Be it championing tech literacy or providing services like digital asset transfer via the Binance app, the ecosystem has done much to benefit it's users.
Happy 6th year Anniversary,
For Africans as myself, crypto has established itself as a means of financial inclusion over the past few years, with its ability to address issues like expensive remittance fees and currency devaluation. As a sunrise industry, crypto and blockchain have provided new opportunities for job-seekers, especially those who live in African countries plagued by high unemployment rates.
Today, am celebrating my crypto wins as My Crypto Journey.
This is my story, as a young man who has found crypto to be an efficient way of earning and receiving funds for my financial needs.
As a student then, i was looking for accessible, convenient ways to make money using my mobile phone. A friend who had knowledge of crypto taught me cryptocurrency basics and introduced me to Binance. From there, i started exploring ways to make use of crypto.
Through crypto, I have been able to receive donations from friends and family both within and outside Nigeria. These crypto asset donations have been instrumental in supporting my education. I found it easier and faster to send and receive crypto assets through Binance than through traditional banks, especially across borders.
I also shop and save in crypto rather than Nigeria’s currency, naira. Due to devaluation, the value of naira is constantly falling, leading to a loss of purchasing power. To counter this depreciating value, i save in USDT, a stablecoin designed to be pegged to USD, a fiat currency significantly that’s less volatile than naira.
I love using Binance since I first signed up. Apart from having a great user interface, the app works well on Android devices, allowing me to conveniently access crypto services anytime. Upon exploring the features on the Binance app, I have become familiar with sending and receiving crypto funds securely using my Binance wallet.
Because user safety and security is a major priority for Binance, i can use the Binance app with peace of mind.
As a long-time user of an app that is constantly being upgraded, I make sure to remain subscribed to email updates to keep me informed of the latest updates in the ecosystem.
My Advice for Crypto Beginners:
Crypto newbies should learn about crypto extensively and pay attention to detail.
If you are using a decentralized wallet, do not give your recovery phrase to anyone. Always safeguard the login details to your wallets.
Do proper research before participating in any airdrop you come across, as it may be a phishing scam that could potentially empty your crypto wallet.
Consider using CoinMarketCap and other reliable crypto data sites when doing research on tokens and projects.
Know when to buy or sell. Don't be a bag holder and retain crypto assets that are falling in value until they are worthless; learn when to cut your losses. And if you miss a buying opportunity, don't give into FOMO (Fear Of Missing Out). There are many opportunities in this space!
Thanks, Much Love To Binance