I am just a newbie. Can someone guide me?
#newbie

Which coin is the safest, profitable and low risk coin to invest in, in 2023
#newbie
#help
#bnbgreenfield

My first post,, hoping to follow guidelines,
Binance Binance Binance..
we all love a good story. WELL here's mine.
#newbie hoping to connect and learn ...
so yea!
That's it End of Story.

Tips for newbies

Always thoroughly research the assets you're considering trading. Understand their fundamentals, market trends, and any news or events that could affect their value.
#LearnAndGrow
#crypto
#newbie

#MyFirstSquarePost Hello, Binance Square! Hope all is well with each and everyone of you?

COMING SOON!!!!!!!!!!!!!!
I will be publishing some of my NFT's to the market.

#nft2024 #bnb #newbie #NftTrader's

Newbie Spot VS Future in simple language

Let's say :
A. You have $FDUSD only
B. You are investing in $BTC / $FDUSD pair

So, let's compare

Spot = FDUSD in spot wallet
Future = FDUSD in future wallet

+++++

Spot = You can only BUY BTC
Future = You can BUY or SELL BTC

+++++

Spot = Leverage is X1
Future = Leverage is optional from 1X up to 50X

example:
In 1X, price up/down of 0.01 FDUSD equals profit/loss of 0.01 FDUSD
In 10X, price up/down of 0.01 FDUSD equals profit/loss of 0.1 FDUSD
In 1X, price up/down of 19 FDUSD equals profit/loss of 19 FDUSD
In 20X, price up/down of 19 FDUSD equals profit/loss of 380 FDUSD

+++++

Spot = you do not have to sell the BTC you bought.

Future = you make a contract to settle/close your position using the FDUSD in your future wallet. You will be liquidated when the price moves against your position, and the total of your loss is equals to all the FDUSD in your future wallet. Meaning you then have 0 FDUSD in your future wallet.

CMIIW and as always DYOR
#future #spot #newbie #write2earn