Hi, I'm going to tell you something you probably don't know :) My name is Luisa and I've been here for quite some time. I have been a Cryptocurrency enthusiast for several years. For a little more than 4 years I have been dedicated to train and educate in Crypto, my Crypto motto is always: educated people, educated and safe ecosystem.
I'm also #Binance Angels, I like to create educational content, so you can follow me.
How to make your first cryptocurrency investments safely with Binance
It's never too late to start investing in the Crypto ecosystem, there are just a few things you need to learn before, during and after investing, so I'll show you everything you need to do to get started in this fascinating Ecosystem.
The first thing you need to know before making any investment in Crypto and I could assure that it is the most valuable advice I can give you in this opportunity is that you must make a previous research about the project or any step you take when investing, in other words: do not invest what you are not willing to lose; we know that every investment carries a risk, so keep your funds safe (SAFU) and do not get carried away by the FOMO but do your own research (DYOR).
Binance offers us several options to buy Crypto and the truth is that they are very easy to use:
Option 1: Is Binance P2P which is peer-to-peer or person-to-person trading that allows you to buy and sell Cryptocurrencies through the Binance platform.
Binance P2P is very secure and reliable, as, it has an escrow service that safeguards the funds in Cryptos while the transaction is running and a 24/7 technical support available.
It offers a long list of Cryptocurrencies that you can buy with your fiat money, among them: USDT, $BTC , $BNB , $ETH and more. You can learn how to make your first purchase in my previous post.
Option 2: Buy Cryptocurrencies with credit/debit card, this is one of the easiest options. See my previous post to see the steps you need to follow.
It is very easy to invest in Cryptocurrencies with Binance, choose the option that suits you best but always keep in mind that we have the responsibility of our funds in our hands, so collecting information about what we are going to invest is extremely sensible, do not get carried away by those who want to scam you #SAFU.
This way you can choose which is your favorite option to buy Cryptocurrencies in a very simple way and so you can start taking your first steps investing in Crypto.
How to make your first cryptocurrency investments safely with Binance
We may think that we are late to start buying Cryptos due to the rise that the market has had in the last months but it is not so, it is never late to start investing in the Crypto ecosystem, there are just some things you need to learn before, during and after investing, so I will show you everything you need to do to start in this fascinating Ecosystem. So #StartInvestingInCrypto :)
The first thing you need to know before making any investment in Crypto and I could assure that it is the most valuable advice I can give you in this opportunity is that you must make a previous research about the project or any step you take when investing, in other words: Do not invest what you are not willing to lose; we know that any investment involves a risk, so keep your funds safe (SAFU) and do not get carried away by the FOMO but do your own research (DYOR). Binance offers us several options to buy Crypto and the truth is that they are very easy to use:
1.- Binance P2P: It's peer-to-peer trading that allows buying and selling cryptocurrencies through the Binance platform. How do we know that Binance P2P2 is secure and reliable? Binance P2P has an escrow service that safeguards the funds in Cryptos while the transaction is being executed. It was specifically designed to avoid theft and malicious attitudes of the counterparty with whom we are making the trade, avoiding that the counterparty if he has malicious intentions can escape with our funds without completing the operation, no doubt this adds to the confidence that Binance offers for its users to operate with confidence and security. It also has 24/7 technical support, always available to assist us and help us in any inconvenience we may have. Start buying your first cryptocurrencies on Binance P2P: Follow the steps below to start buying your first Cryptos: The first step to start: you must have your Binance account verified, you must have done the KYC (Know Your Customer). Go to wallet, then click on funds and you will find the option to choose the Binance P2P section.
If you have already done it, what you have to do is to go to the Funds wallet and you can get the P2P section, add the payment method of your preference in ''payment methods''. Once you have finished this step, you can start looking for the merchant of your choice with the price that suits you best. It is important to highlight that Binance has some filters that make it easier for us to find those merchants we need, these are: the crypto you want to buy ( $USDT, $BTC , $USDC, $FDUSD, $BNB , $ETH , $DOGE, $ADA or $XRP) by amount and by payment method. $BTC $BNB $ETH Once you have chosen the merchant, fill in the amount of fiat you will buy. There on the screen you will see all the information, release time, terms and conditions, amount, amount of Cryptos you will receive and payment method.
Use the chat to talk to the counterparty, contact him and tell him that you are willing to make the payment. Then you can proceed with the payment. You will find the details in the order.
After making the payment, it is important that you mark paid, otherwise you will not be able to release the Cryptos. When the trade is completed, you will have your first Cryptos in your wallet of funds. Important: In case you have any inconvenience with your counterpart after the payment has been made, ask for an appeal where the technical support will intervene to help you. Note: It is advisable to trade with those traders that are verified (they have a check next to their Nickname) since they go through a verification process with a specialized team where they must meet certain requirements to be part of the Binance verified traders, for that reason if we want to have even more security when opening an order, these are a very good option, one more security filter that Binance provides for the safety of users.
2.- Buy Cryptocurrencies with a Credit/Debit Card: With this option the first thing you must do is to place in the search engine ''deposit'' select the amount you want to buy with your fiat currency and automatically you will be able to observe the amount of Cryptocurrencies you will get. Click on ''add new card'', enter the card details. It is important to know that you must use a card that is in your name. Enter your billing address, click on ''add card''. For the last time verify the data and confirm the purchase. In this simple way you can buy Crypto with credit/debit card. Note: After a few minutes, Binance will recalculate the price and the Cryptos you will receive. You can refresh or refresh the page to see the latest market price. As a last step in this option, Binance will redirect you to a one-time password authentication page of your bank. Following the steps you will be able to verify the payment.
It is very easy to invest in Cryptocurrencies with Binance, choose the option that suits you best, remember that we have the responsibility of our funds in our hands, so collecting information about what we are going to invest is extremely sensible, do not get carried away by those who want to scam you. This way you can choose which is your favorite option to buy Cryptocurrencies in a very simple way and so you can start taking your first steps investing in Crypto. Because of how attractive Cryptocurrencies are, some Scammers may want to take advantage of those new to the ecosystem, so it is very important that we know the security measures we can take. As we know that security is very important and now that you have Cryptocurrencies in your wallet I will give you some security tips to protect your funds and keep #SAFU all your funds: a.- Do not share your password with anyone, rather change it frequently and choose one that is very secure. b.- Be careful with scammers, they act in different ways: they impersonate Binance employees, impersonate Binance angels or simply impersonate technical support. Do not trust, contact the 24/7 technical support chat or ask in the official Binance groups. c.- Enable 2-factor authentication (SMS, fingerprint, authenticator). d.- Anti Phishing Code, this is a secret code that you choose and will be included in all genuine Binance emails. For example, if your anti-phishing code is 0000 when you receive an email in your inbox this code will be there, if on the contrary it is not there, it means that it is a malicious email.
Glossary of terms: Cryptocurrency: it is a digital currency in blockchain technology that allows peer-to-peer transactions, some are: BTC, USDT, BNB and ETH. FOMO: Or rather fear of missing out which means fear of missing out and it is that feeling of worrying about the possibility of missing out on some interesting events. DYOR (Do Your Own Research): It is widely used among cryptocurrency enthusiasts emphasizing to do our own research.
Tell me in the comments how was your experience with buying Cryptos!
Hooked Protocol: Driving Mass Web3 Adoption Through Education and Gamification
Introduction:
In the current era of technology, Web3 is presented as the next generation of the web, offering a decentralized and blockchain-based ecosystem. However, mass adoption of Web3 remains a challenge due to barriers to entry and lack of widespread knowledge about this new technology. It is in this context that Hooked Protocol emerges, a pioneering educational platform that aims to encourage the adoption of Web3 through immersive, gamified and social learning experiences.
Binance reported an update of the MultiversX EGLD network.
🚨News:
Binance to support MultiversX network upgrade (EGLD)
The MultiversX (EGLD) network upgrade will take place at MultiversX epoch 1043 , or approximately 2023-06-08 15:47 (UTC). EGLD deposits and withdrawals will be suspended at approximately 2023-06-08 15:00 (UTC). So you should be aware of this update and keep the following in mind:
Trading will not be affected during the network upgrade.
The MultiversX network upgrade will take place at MultiversX epoch 1043.
Deposits and withdrawals for EGLD will be reopened when the team in charge considers the upgraded network to be stable.
you can read more at: https://www.binance.com/en/support/announcement/binance-will-support-the-multiversx-egld-network-upgrade-9754acd53dc34690b706855ce79d3e67
Binance Bootcamp Affiliate Rewards Promotion: earn 150 USDT in token vouchers by inviting new users
Period of activity: 2023-03-01 12:00 (UTC) to 2023-03-31 23:59 (UTC)
How to get started:
Step 1: Sign up to participate in our Affiliate Rewards Bootcamp .
Step 2: Invite new users to register with Binance using your referral link/unique ID during the Activity Period. Each referral must trade at least the equivalent of $50 (including purchases and sales) in any spot trading pair during the Activity Period to count as a successful referral.
Binance NFT launched a collection "Fusionist - Bi-Mech" and "Alpha Prestige - Fusionist"
Binance NFT Marketplace is excited to launch a new promotion for "Alpha Prestige - Fusionist" and “Fusionist - Bi·Mech” NFT collections! Users who trade NFTs from these NFT collections will stand to share 20 “Fusionist - Bi·Mech” NFTs in rewards.
Promotion Period: 2023-03-02 00:00 (UTC) to 2023-03-08 23:59 (UTC)
Snapshot Period: 2023-03-09 (UTC)
This promotion is open to all users who trade "Alpha Prestige - Fusionist" NFTs and “Fusionist - Bi·Mech” NFTs at Binance NFT Marketplace during the Promotion Period.
Technical analysis or also called Chartism, is an analysis model focused on predicting the (future) behavior of the market based on price and volume data. In short, TA studies the current and previous prices of an asset.
It is very important to know that the price of an asset is the reflection of the opposition of buying and selling forces, related to the emotions of traders and investors (either by any circumstance but one of them can be fear).
Traders to analyze prices and identify possible entry or exit opportunities use different tools called indicators, which can help traders to see trends and provide very relevant information about them for the future. This is not to say that these technical analysis indicators are 100% reliable or without any margin of error, no, that is why there are traders who combine indicators in order to reduce the risk of loss.
AT Indicators
Below I will show you some indicators that are generally the most common:
Moving averages: one of the main indicators used by most traders are moving averages, as they are basic and simple to analyze. It measures price trend changes at the close of the asset, it has the advantage that it measures the strength of a trend in the long term but does not anticipate the start or change of trend.
Types of moving averages:
Simple Moving Average (SMA): one of the most widely used and known to all, it is calculated based on the closing prices of an asset over the course of a given period of time. It is the sum of a set of prices divided by the number "n" of these.
Weighted moving average: It is calculated similarly to the simple moving average, but the formula gives more weight to the most recent prices of the asset with respect to the oldest ones.
Exponential moving average (EMA): This is a modified version of the SMA, which weights the recent closing prices much more heavily than the older ones, i.e., it gives a higher value to the newer data, compared to the weighted one.
Moving average convergence/divergence (MACD): This is generated by the subtraction of two EMAs that give rise to a main line, that is, the MACD line.
Relative Strength Index (RSI): This indicator is also widely used by traders and is part of the indicators known as: Oscillators, which apply data on prices, mathematical formulas and produce readings that will be between defined ranges and is then that RSI the range ranges from 0 to 100, plus it is very good for measuring the behavior of demand and supply of a value when there are sudden changes in asset prices.
Stochastic RSI: It is calculated by applying a mathematical formula to the regular RSI. We also have the MACD histogram, which is calculated based on the differences between both lines.
Bollinger Bands (BB): It is also an oscillator type that is quite well known among traders and it consists of two sideways bands that fluctuate around the line of a moving average. It is used to identify potential market conditions (overbought or oversold) and to measure market volatility.
Technical analysis is extremely important to develop your performance as a trader, knowing that the price of an asset is a reflection of the opposition of buying and selling forces will help you reduce the risk of losing funds. Remember that when trading it is extremely important to avoid these losses.
#Binance announced through its official announcement channel the launch of its new Airdrop Portal, where it provides an overview of #Binance compatible airdrops. Users can stay updated on the latest progress of ongoing airdrops through this unique portal.
Not every day is a good day to invest, make your investment plan and respect it, you will get the results when it is fulfilled. Don't go backwards, go forward.
Now with Binance you can earn an NFT certificate by completing the beginner track with the academy
Users who login to their verified Binance accounts while completing all the courses and quizzes under the beginner track will now qualify to each receive one NFT certificate, as they gain further knowledge of the crypto and blockchain industry.
Do note that each track can only be completed once, and every user qualifies for a maximum of one NFT certificate per learning track. Stay tuned as we continue to introduce more learning tracks and courses on Academy Courses!
The Auto-Invest feature belongs to Binance Earn, which allows us to average the dollar cost of cryptocurrency purchases and is great because it reduces the risk we expose ourselves to by untimely entering the market. This tool allows each user to set up automatic purchases of specific assets as a single token plan or a bundle as a wallet plan.
Know Dollar-Cost Averaging (DCA):
Dollar-Cost Averaging (DCA) is an investment strategy that can help us reduce the effects of volatility experienced when buying digital assets. And it consists in the fact that instead of buying cryptocurrencies all at once, you distribute your purchases in regular intervals. This tool is very particular, as it is useful for buying cryptoassets that are generally volatile.
Using DCA to invest decreases price fluctuations when we are going to enter the market. It is very important to be clear that its use only reduces the risk of entering at a relatively low price allowing to buy at an average price during the prolonged time.
With Auto-invest you have many advantages, but among them are the following:
✅It fully automates the DCA process. You can choose the exact currencies you want to buy, how often and when. Auto-Invest will take care of the rest.
✅Automatically allows you to earn additional APR without the need to manually transfer your funds. You can withdraw your Flexible Savings funds at any time you wish.
Tell me in the comments Have you used it yet and what has been your experience?