Invest in
Crypto currency
Investing in crypto currencies is a new kind of investment, while participating in the new digital economy. Whether in the long term (hold strategy) or in the short term (trade strategy), investing in cryptocurrency is a practice that is becoming more democratic, with the arrival of promising currencies and a market capitalization that could well climb. .
Some see crypto currencies as a bulwark against inflation (as a safe haven).
What is a cryptocurrency? A cryptocurrency is based on a blockchain, a distributed register (or ledger), which can be consulted by everyone, and which lists all the actions of the network from the start. The information to be added is called transactions, and is grouped into blocks.
Investing in Crypto means taking advantage of market volatility to earn high returns.
WHICH BROKER TO USE
The main cryptocurrency brokers are Coinbase, Crypto.com, Kraken, Binance.
Coinbase is easy to use, 50 cryptos available, but the fees are high (no additional features). Here is my code to get $10 .
Crypto.com provides him with 150 cryptos, the platform offers a crypto card, but little functionality available on the application (not very ergonomic website). I put you my code to get 25$ on the app.
Kraken has 40 cryptos, offers features, but has student fees, and some crashes when their network gets congested.
Binance offers more than 400 cryptos available, with low fees, Binance also offers a lot of functionality and a crypto card (all for free).
Here we will use Binance because it is the most complete and useful.
ADVANTAGES DISADVANTAGES
The advantages of Binance are:
-More than 400 cryptocurrencies available
-Secure and reliable platform
-Many built-in features
-Extremely low transaction fees
-Assets insured in the event of a security breach
-NFTs available
Its disadvantages are:
-Lack of telephone support
-Platform founded in 2017
-Absence of demo account
-No regulation
REGISTER ON BINANCE
If you are not registered on Binance here is my referral link (referral ID MEH9394Z) to earn 10% more on your trades and spot (and that would help me a lot :)
Registration with Binance does not require identity verification, except if large sums are exchanged and received daily (2 BTC per day).
Otherwise, once your registration is complete, you can directly deposit money into your binance account and then buy cryptos.
Then I advise you to go to the settings to adjust the security of your account (A2F, verification by email and telephone), and adjust according to your preferences (language, notifications, nickname, avatar).
If you are a beginner, activate the lite version of the application (you will still have access to the features).
Registration validation usually takes 15 minutes.
Cryptocurrencies will do to banks what email did to the postal sector.
/ Rick Falkvinge
OVERVIEW OF BINANCE FEATURES
This is what the toolbar looks like on Binance
Buy cryptos, as its name suggests, it allows you to buy cryptos by credit card, or by making a SEPA transfer. See even automating recurring purchases.
Trader, it is here that after depositing your money that you can buy your cryptos. Go to Convert, to convert your Euros into cryptos of your choice.
Then if you have more experience you can trade in the Fundamentals tab (which is sufficient), and you can place buy orders, like saying "I want when Bitcoin is at $40,000, buy $50 of Bitcoin". Or even "I want when Bitcoin reaches $80,000 to sell $100 worth of Bitcoin (or 50% of its Bitcoin).
The NFT section, is a marketplace that showcases all forms of digital works and collectibles. Binance NFT Marketplace provides the highest liquidity platform for users to create and trade NFTs.
Derivatives, is a part for experienced traders to benefit from leverage effects (such as x5 or even x10) but the risks are huge so you are more likely to lose than win if you do not know trading and analysis technical and financial.
Earn cryptos, Binance earn is the best feature if you buy cryptos and wanted to earn interest on them (in addition to increasing their value over time), you can deposit your cryptos there and earn returns up to 20% in 90 days. Lock stacking offers strong guarantees and high returns (inquire about stacking as some are risky). You can also program investments in cryptos.
Wallet, gives you an overview of your wallet such as the Spot wallet (this is where the cryptos go as soon as they are purchased), the Funding wallet (here is displayed your balance to pay with your Binance card), the wallet Earn cryptos (shows you your results and profits from your stacking, and farming).
The Orders part shows you all your scheduled purchases, and your sales of cryptos that you have scheduled (in the trader tab).
Finance, you have access to your Binance card so you can manage it and access your benefits. And you can get crypto loans.
The avatar on the right to access settings, account security, payment methods, and account notifications.
LEARN MORE
Before buying cryptos, here are some criteria to take into account to be sure of your investment:
Diversify your portfolio, invest in what you know. Invest what you are willing to lose. Buy when this crypto has a low value (compare to its last 6 months). And do not hesitate to know the projects behind this crypto.
Do not hesitate to invest in cryptos that are in the top 200 (because for sure they are solid projects, and the risk of losses will be almost less, and the potential for returns can be enormous, but don't not forget the high volatility of the market).
If you start to master the market started to Trader, that is to say bought when it is at lower, and once the crypto is at its high and you feel it is going to drop, sell back. This makes it possible to make huge long-term gains on top of the evolution of cryptos.
If you need information here is the official Binance FAQ .
Here are some useful links to keep you up to date with the cryptocurrency markets:
CoinMarketCap allows you to follow the price of cryptos on the market (but also NFTs), you can participate in free airdrops, ICOs and see the portfolios of popular people (for inspiration).
Coin360 to get an overview of the crypto market, the size of the boxes represented the value of the crypto in the market, and green and red means if it is rising or falling.
Cryptotoast for the latest crypto news.
QuantifyCrypto to get an overview with current crypto trends.
I put you this video which explains Binance earn, Binance Card, Placing orders, in detail...
