Here’s a positive outlook for Binance Coin (BNB), based on its strengths and potential:
1. Strong Market Position
Leader in Exchange Tokens**: BNB is the native cryptocurrency of Binance, the world’s largest and most trusted exchange by trading volume. As Binance continues to dominate the crypto exchange landscape, BNB’s use cases and demand will likely grow in parallel.
Widespread Use**: BNB is not just used for trading fee discounts; it's integrated into multiple services across the Binance ecosystem, including DeFi platforms, staking, lending, and yield farming.
2. Binance Smart Chain (BSC) Growth**
DeFi and NFTs : Binance Smart Chain (BSC) has become a popular alternative to Ethereum due to its lower fees and faster transaction speeds. BNB plays a critical role as gas fees in the BSC ecosystem. With the growth of decentralized finance (DeFi) and non-fungible tokens (NFTs) on BSC, the demand for BNB is expected to rise.
Developer Activity: More developers are building on BSC, leading to the creation of innovative decentralized applications (dApps). As BSC continues to attract projects and developers, BNB’s relevance and value should increase.
3. Deflationary Model
BNB Burn Program: Binance conducts quarterly coin burns to permanently reduce the circulating supply of BNB. This deflationary mechanism reduces the total supply over time, which can positively impact price as demand increases.
Scarcity and Long-Term Value: As more BNB is burned, scarcity increases. With a finite supply and continuous burns, BNB could see significant price appreciation over the long term.
4. Ecosystem Expansion
New Services and Innovations: Binance is constantly expanding its ecosystem, offering new products like Binance Pay, Binance Visa Card, and more. These services increase BNB’s use cases beyond just trading. Increased utility translates into higher demand for BNB.
Strategic Partnerships: Binance’s partnerships with payment providers, fintech platforms, and blockchain projects are likely to expand BNB’s adoption globally. The broader its acceptance, the greater its potential for growth.
5. Regulatory Resilience
Proactive Approach to Compliance: Binance is actively working towards improving its regulatory standing, including compliance with local laws and regulations. By aligning with regulators and strengthening its KYC (Know Your Customer) processes, Binance is positioning itself to maintain long-term stability in various regions.
Global Adoption: Binance’s ability to operate across many countries and regions ensures that BNB remains accessible to a global audience, enhancing its potential for mass adoption.
6. Increasing Utility
Beyond Binance: BNB is increasingly being used in various other ecosystems beyond Binance. From DeFi lending platforms to gaming ecosystems and payment systems, BNB’s utility continues to expand, making it more valuable.
Staking and Passive Income**: BNB holders can stake their coins to earn rewards. This encourages long-term holding, reduces circulating supply, and promotes price stability or growth.
7. Future-Proofing
Innovations in BNB Chain: Binance’s ongoing investment in the BNB Chain ensures that it remains competitive with Ethereum and other leading blockchains. Upgrades in speed, efficiency, and scalability will attract more users and projects, benefiting BNB holders in the long run.
Metaverse and Web3 Integration: BNB is poised to play a role in the growing metaverse and Web3 space. As Binance invests in these areas, BNB’s utility will likely expand, potentially driving its price higher as demand increases.
Conclusion: A Bullish Future for BNB
Given its critical role within Binance’s ecosystem, the growth of Binance Smart Chain, its deflationary tokenomics, and its expanding utility in the broader crypto space, BNB is well-positioned for future growth. If Binance continues to innovate and navigate regulatory challenges effectively, BNB could see substantial long-term appreciation.
BNB offers both utility and investment potential, making it a promising asset for those looking for growth in the cryptocurrency market.
$BNB
#BinanceSquareFamily #Binanceaward #BinanceLaunchpoolHMSTR

Key Takeaways
Crypto wallets come in many shapes and forms. Custodial wallets are easy to set up but offer less control.
Non-custodial wallets give you full control, but you are entirely responsible for the safety of your keys and assets.
Hardware wallets offer strong security against hacks and exploits but are relatively expensive and not as beginner-friendly.
In this guide, we introduce the different types and show how to set up a crypto wallet in just a few steps
Introduction
Getting started with cryptocurrency? The first thing you need is a crypto wallet! A crypto wallet is a tool to send, receive, and store cryptocurrencies and digital assets. They come in various forms, each with its own benefits, limitations, and risks. Let’s go through the different types so you can choose the best crypto wallet that fits your needs.
Custodial Wallets
Also known as hosted wallets, custodial wallets are provided and managed by a crypto exchange or another third party. Hosted wallets don’t give you full control over your assets, and you rely on the provider’s services when making withdrawals or payments. 
The main advantage is that you don’t have to worry about managing your keys, and you can reset your password if necessary.
How to set up a custodial crypto wallet
1. Choose a platform: Select a reputable crypto exchange and make sure it’s compliant with local regulations.
2. Create an account: Sign up using your email and a strong password.
3. Verify identity: Most platforms require ID verification (KYC) to comply with regulations.
4. Add funds: Once verified, you can link a payment method to deposit fiat currency or crypto into your wallet.
5. Start trading: You are ready to trade or invest. For more details on how to get started with Binance, check out Binance Beginner's Guide.
Non-Custodial Wallets
Non-custodial or self-custody wallets give you complete control over your keys and funds. While these wallets provide greater freedom and control, you are entirely responsible for remembering the passwords and seed phrases that keep your crypto safe.
In the vast majority of cases, if you get hacked or lose access, there is no way to reset your password or recover your funds. MetaMask and Trust Wallet are popular examples of non-custodial crypto wallets.
How to set up a non-custodial crypto wallet
1. Get the wallet app: If you are on mobile, make sure to install a trusted wallet app from official sources (App Store or Google Play). If you are on a desktop, get the browser extension from the official websites. We will use MetaMask as an example

2. Create a new wallet: Open the app and choose the option to create a new wallet.

3. Set a strong password: This will protect the app from unauthorized access.

4. Back up your seed phrase: Write down the 12 or 24-word seed phrase provided by the app. Keep it private and safe. The seed phrase is crucial for recovering your wallet if you lose access.

5. Add funds: The traditional way to add funds to your non-custodial wallet is by transferring crypto from a crypto exchange like Binance. But, some wallets also offer onramp services with credit card and bank payments
Your self-custody wallet is ready to use. You can now connect to DeFi platforms like Uniswap, PancakeSwap, and many more. But be careful. Connecting to malicious DApps or phishing websites may lead to loss of funds. 
Make sure you are using reputable and legitimate services before connecting your wallet to Web3 platforms. You can also split your funds and use burner wallets to reduce risks.
Binance Web3 Wallet
The Binance Web3 Wallet is a unique crypto wallet that combines the best of both worlds. It’s a self-custody wallet that eliminates the need to store your private keys in a single place. Binance Web3 Wallet users don’t have to worry about seed phrases and can count on a 24/7 customer support service.
How to set up Binance Web3 Wallet
1. Log in to your Binance account in the Binance app and go to [Wallets].

2. Create a wallet. Click [Create Wallet] and follow the instructions. The Binance Web3 Wallet uses Multi-Party Computation (MPC) technology, so you don’t need to worry about a seed phrase. Instead, it creates three “key-shares” that are stored in three separate locations.
3. Back up your wallet and set up your recovery password. The key-shares are protected by your recovery password. Keep it private and safe.

4. Activate wallet: Once you activate the Web3 wallet, it will be ready to use for trading, staking, or interacting with DApps.

Binance Web3 Wallet provides 24/7 customer service, making it an excellent choice for users who need guidance
Hardware Wallets
1. Buy a hardware wallet: Purchase a Ledger Nano or Trezor from the official site or a trusted retailer.
2. Install wallet software: Download the accompanying wallet software (e.g., Ledger Live or Trezor Suite) on your computer or smartphone.
3. Connect the device: Plug in your hardware wallet to your computer using the USB cable.
4. Set a PIN: Choose a secure PIN to protect your device.
5. Backup recovery phrase: The device will generate a recovery seed phrase. Write this down and store it in a safe place.
6. Send and receive crypto: Once set up, you can transfer crypto to and from your hardware wallet
Closing Thoughts
With a few simple steps, you’ll be ready to securely store, send, and receive cryptocurrencies. Remember, the key to staying safe in the crypto world is protecting your private keys and staying aware of potential security threats.
Disclaimer:This content is presented to you for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect to me. Please read our full disclaimer here for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions. This material should not be construed as financial, legal or other professional advice.
⚠️ ⚠️ Risk warning⚠️ ⚠️
$BTC
$BNB
$ETH
#BinanceSquareFamily #Binanceaward #BinanceEarnProgram #binancelearntoearn #binance4ever

Periodically, one or two new cryptocurrencies emerge on the #Lunchpool platform #Binanceaward , where rewards are distributed to those who hold $BUSD and $FDUSD for a limited period. This process lasts for a few days, during which the price of the newly launched token starts to rise. Many investors rush to buy, believing they will achieve profits of five fold or more.
Some believe that these tokens represent a "once-in-a-lifetime" opportunity, thinking that a simple $100 investment could turn into a million dollars. However, the reality is quite different. All tokens launched in 2024 have experienced significant declines in value, with their prices dropping to less than one-fifth of their original value. Examples of such tokens include:
$ARKM ,$WLD ,$ALT , $WTF
Additionally, there’s a risk that these tokens could be delisted from the platform, as happened with well-known tokens like $EPX (delisted) and $JASMY (under monitoring), some of which have already been removed. Holding such tokens for long periods without trading them can expose investors to significant risks.
Major Investors’ Strategy
New tokens are often launched at their highest price, controlled by major investors. Small investors rush to buy, hoping for quick profits, but the major investors start selling once they recover their money, causing the price to drop rapidly and unexpectedly.
For this reason, when a new token is launched, avoid rushing to buy. That large percentage increase you see—sometimes as high as 1000%—is often an illusion. You won’t be able to buy the token at its lowest price, as placing trade orders isn’t allowed until the token is officially launched.
My Personal Experience
Personally, I often receive rewards from staking BNB, but the amounts are usually less than $100. I sell these rewards immediately, which I consider the safest part of the process. On the other hand, buying and selling after a launch is much riskier. It’s usually best to wait until the price drops to its lowest point before considering a purchase.
Conclusion
Invest cautiously. The cryptocurrency market is full of risks, and trading new tokens may involve more illusions than real opportunities.