BUY AND HOLD ON BINANCE: A Step-by-Step Guide
1. Create an Account: Sign up for a Binance account and complete identity verification.
2. Deposit Funds: Add funds to your account, such as USDT or BTC.
3. Choose a Cryptocurrency: Search for the cryptocurrency you wish to buy, like ETH.
4. Place an Order: Execute a market or limit order to purchase the cryptocurrency.
5. Store Your Cryptocurrency: Keep your cryptocurrency in your Binance wallet or transfer it to an external wallet for added security.
6. Hold Long-Term: Hold your cryptocurrency for an extended period, ignoring short-term price fluctuations.
7. Monitor and Sell: Track your investment and sell when you reach your target price or after a significant price increase.
Important Tips:
- Do you own research before investing.
- Set a budget and never invest more than you can afford to lose.