Having 'stationed' at Binance Square for a long time, I found that many beginners still treat cryptocurrency like stocks, engaging in 'life-or-death' trading with high-leverage contracts, or throwing coins into exchanges like deposits. This approach seems simple but actually carries great risks. Today, I want to share some of my insights in hopes of helping newcomers to the cryptocurrency world.
First of all, does your cryptocurrency really belong to you?
Many friends buy coins on Binance or other exchanges without realizing that the coins in exchanges do not fully belong to them. Many on-chain rewards or protocol dividends can only be truly enjoyed by those holding coins in a Web3 wallet.