After 'stationing' at Binance Square for a long time, I found that many new novices are still treating cryptocurrency as stocks, engaging in 'desperate' trading with high leverage contracts, or just leaving their coins in exchanges like savings. This approach may seem simple, but it actually carries huge risks. Today, I want to share some of my insights, hoping to help newcomers in the world of cryptocurrency.
First of all, does your cryptocurrency really belong to you?
Many friends buy coins on Binance or other exchanges, but don't realize that the coins in the exchange don't completely belong to them. Many on-chain rewards or protocol dividends can only be truly enjoyed by those who hold coins in a Web3 wallet.