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Starting with Small Investments: A Beginner's Guide to Crypto Trading on Binance

Investing in cryptocurrency can seem daunting, especially for beginners with limited funds. However, you don't need a fortune to start trading crypto and potentially earn returns. With Binance, one of the world's leading cryptocurrency exchanges, you can begin your investment journey with just a small amount of capital. Here’s a step-by-step guide on how to start investing in crypto with as little as $100.

1. Understand the Basics

Before you dive into trading, it's essential to understand the fundamentals of cryptocurrency and blockchain technology. Take some time to learn about:

Cryptocurrencies: Digital or virtual currencies that use cryptography for security.Blockchain: A decentralized ledger that records all transactions across a network of computers.

2. Create a Binance Account

To start trading, you'll need a Binance account. Follow these steps to get set up:

Sign Up: Visit the Binance website or download the app and create an account using your email or phone number.Verify Your Identity: Complete the KYC (Know Your Customer) process by providing identification documents.Secure Your Account: Enable two-factor authentication (2FA) to protect your account from unauthorized access.

3. Deposit Funds

With your account ready, you need to deposit funds:

Deposit Fiat Currency: You can deposit fiat currencies like USD, EUR, or others, depending on your location, via bank transfer, credit/debit card, or other supported methods.Deposit Cryptocurrency: If you already own cryptocurrencies, you can transfer them to your Binance wallet.

4. Start Trading

Once your funds are deposited, you can start trading:

Choose Your Trading Pair: On Binance, you can trade various pairs like BTC/USD, ETH/BTC, and many others. Select a pair that interests you.Place Your Order: You can place different types of orders:Market Order: Buy or sell immediately at the current market price.Limit Order: Set a specific price at which you want to buy or sell.Stop-Limit Order