Simple rule: Cryptocurrencies are very volatile - their price can fluctuate greatly. Never invest in cryptocurrencies more than you are willing to lose. This will help avoid stress if the price suddenly drops.
Example: If you invested 100 dollars, and they disappeared, you shouldn't worry too much if that was an amount you weren't afraid to lose.

Keep up with project updates: Cryptocurrencies and blockchain projects are constantly evolving. For example, important updates have been made to the Ethereum network (such as the transition to Proof of Stake). Stay informed about new versions of projects and updates so you don't miss important events.
Reading news and reports: Cryptocurrency news can significantly impact the market. Subscribe to important crypto news sources like CoinDesk, CoinTelegraph, or follow major analysts on Twitter. It's also useful to keep an eye on reports from popular crypto projects.

Avoid forced analysis: One of the common mistakes of beginners is trying to predict where the cryptocurrency price will go. The crypto market is very unpredictable, and even experienced traders cannot always accurately guess the direction.
Follow the trend: It's better to stick to a trend trading strategy. When the market is rising — buy, when it’s falling — sell or stay on the sidelines if you lack confidence in the market.

Margin trading is a way to increase the size of a trade using borrowed funds. This can be attractive for traders with limited capital as it allows for potentially higher profits, but it also comes with high risks.
What is margin trading?

Many novice traders enter the cryptocurrency market with small capital, hoping for quick profits. However, the cryptocurrency market is extremely volatile, and mistakes can be very costly. In this article, we will discuss best practices and the most common mistakes in crypto trading with limited capital.

Small capital requires a trader to have great discipline and a strategic approach. Often, novice traders make mistakes that can cost them significant losses. In this article, we will discuss the most common mistakes and provide tips on how to avoid them.
Ignoring risks

Choosing the right cryptocurrency for trading is one of the key factors for success, especially if your capital is limited. In this article, we will discuss what to pay attention to when selecting cryptocurrencies for trading with small capital and how to avoid common mistakes.

Trader psychology plays a key role, especially when trading with small capital. Emotions such as fear and greed can significantly affect trading decisions, which is particularly dangerous in volatile cryptocurrency markets. In this article, we will discuss the main psychological mistakes made by traders with limited funds and provide tips on how to avoid them.

Fraud and deception are a real threat in the crypto market. Here are some tips on how to protect yourself:
Don't trust "too good" offers. If something seems too good, it's probably a scam.
Check projects and teams. If you are investing in a new project or token, make sure the team has a real dossier and the project is transparent and has a good reputation.

The cryptocurrency market is not only about analysis and strategy, but also about interaction with other traders. Membership in cryptocurrency communities can provide useful information and insight into the current state of the market. Some resources that may be useful:
Reddit: There are numerous subreddits such as /r/CryptoCurrency or /r/Bitcoin where users share news, analysis, and strategies.

Trading cryptocurrencies requires not only technical knowledge, but also the ability to control your emotions. In this market, you will encounter emotional traps that can lead to losses:
Fear of Missing Out (FOMO): When the price starts to rise and you don't have time to buy, there is a desire to "jump on the train." But rushing can lead to buying at too high a price.

If you actively trade on Binance, you can reduce trading fees by using the Binance Coin (BNB) token.
How does it work? If you pay trading fees on the Binance platform using BNB, you receive a discount, which reduces overall costs.
Discount percentage: Usually the discount is 25%, but it can vary depending on the user's activity level and market conditions.

If you are a beginner and do not want to delve into complex types of trading, Binance Convert is a simple and convenient way to exchange cryptocurrencies without the need to use orders or charts.
How does it work? You simply choose the cryptocurrency you want to exchange (for example, BTC), and the currency you want to exchange it for (for example, USDT). The advantage is that this process is commission-free, and you immediately receive the desired cryptocurrency.

Binance often holds promotions and offers bonuses that can help newcomers earn additional funds.
How does it work? You can participate in promotions, for example, receive bonuses for registration or for completing various tasks, such as trading on the platform or participating in a contest.

If you're just getting started, Binance Academy is a great place to learn about cryptocurrencies and blockchain technologies. Here you will find articles, courses, and videos that will help you better understand the cryptocurrency market.
How does it work? At Binance Academy you can take courses on various topics: from the basics of cryptocurrencies to more complex concepts like DeFi, NFTs, staking, and mining.

Flexible savings
This is a way to store cryptocurrency and earn interest without locking your funds. You can withdraw your money at any time, but the interest may be lower than in other options.
How does it work? You transfer cryptocurrency into savings, Binance uses it to lend to other users.

Binance has a variety of resources for learning and upskilling. Here are some of them:
Academy (Binance Academy): These are free courses and articles on all aspects of cryptocurrency and trading. Here you can find materials for both beginners and experienced traders.
Binance Blog: Here you can read cryptocurrency market news, reviews, and tips on using Binance.

If you want to trade using borrowed funds or predict price movements with contracts for difference, you might try futures trading and margin trading. However, keep in mind that these tools are riskier and suitable only for experienced traders.

Binance not only offers cryptocurrency trading but also provides opportunities for passive income. One such opportunity is Binance Earn, where you can earn interest on your cryptocurrencies. Here’s how it works:
Staking: This is the process of locking cryptocurrency for a certain period to earn additional tokens as interest. Many cryptocurrencies are available for staking on Binance, such as Ethereum 2.0 and others.

A futures contract is an agreement that obligates you to buy or sell an asset (in our case, cryptocurrency) at a predetermined price on a specific date in the future. Futures contracts can be used for both speculating on price changes and hedging (protecting against price risk).