LIVESmart_Tech
@Smart_Tech
My Mission is to Educate the Masses with the Educative Potential and Transformative Power of Cryptocurrency and Blockchain Technology.
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My Crypto Story With Binance
Since 2017, Binance has been striving to make crypto and financial freedom accessible to the masses. Be it championing tech literacy or providing services like digital asset transfer via the Binance app, the ecosystem has done much to benefit it's users.
Happy 6th year Anniversary,
For Africans as myself, crypto has established itself as a means of financial inclusion over the past few years, with its ability to address issues like expensive remittance fees and currency devaluation. As a sunrise industry, crypto and blockchain have provided new opportunities for job-seekers, especially those who live in African countries plagued by high unemployment rates.
Today, am celebrating my crypto wins as My Crypto Journey.
This is my story, as a young man who has found crypto to be an efficient way of earning and receiving funds for my financial needs.
As a student then, i was looking for accessible, convenient ways to make money using my mobile phone. A friend who had knowledge of crypto taught me cryptocurrency basics and introduced me to Binance. From there, i started exploring ways to make use of crypto.
Through crypto, I have been able to receive donations from friends and family both within and outside Nigeria. These crypto asset donations have been instrumental in supporting my education. I found it easier and faster to send and receive crypto assets through Binance than through traditional banks, especially across borders.
I also shop and save in crypto rather than Nigeria’s currency, naira. Due to devaluation, the value of naira is constantly falling, leading to a loss of purchasing power. To counter this depreciating value, i save in USDT, a stablecoin designed to be pegged to USD, a fiat currency significantly that’s less volatile than naira.
I love using Binance since I first signed up. Apart from having a great user interface, the app works well on Android devices, allowing me to conveniently access crypto services anytime. Upon exploring the features on the Binance app, I have become familiar with sending and receiving crypto funds securely using my Binance wallet.
Because user safety and security is a major priority for Binance, i can use the Binance app with peace of mind.
As a long-time user of an app that is constantly being upgraded, I make sure to remain subscribed to email updates to keep me informed of the latest updates in the ecosystem.
My Advice for Crypto Beginners:
Crypto newbies should learn about crypto extensively and pay attention to detail.
If you are using a decentralized wallet, do not give your recovery phrase to anyone. Always safeguard the login details to your wallets.
Do proper research before participating in any airdrop you come across, as it may be a phishing scam that could potentially empty your crypto wallet.
Consider using CoinMarketCap and other reliable crypto data sites when doing research on tokens and projects.
Know when to buy or sell. Don't be a bag holder and retain crypto assets that are falling in value until they are worthless; learn when to cut your losses. And if you miss a buying opportunity, don't give into FOMO (Fear Of Missing Out). There are many opportunities in this space!
Thanks, Much Love To Binance
#BinanceTurns6
Happy 6th year Anniversary,
For Africans as myself, crypto has established itself as a means of financial inclusion over the past few years, with its ability to address issues like expensive remittance fees and currency devaluation. As a sunrise industry, crypto and blockchain have provided new opportunities for job-seekers, especially those who live in African countries plagued by high unemployment rates.
Today, am celebrating my crypto wins as My Crypto Journey.
This is my story, as a young man who has found crypto to be an efficient way of earning and receiving funds for my financial needs.
As a student then, i was looking for accessible, convenient ways to make money using my mobile phone. A friend who had knowledge of crypto taught me cryptocurrency basics and introduced me to Binance. From there, i started exploring ways to make use of crypto.
Through crypto, I have been able to receive donations from friends and family both within and outside Nigeria. These crypto asset donations have been instrumental in supporting my education. I found it easier and faster to send and receive crypto assets through Binance than through traditional banks, especially across borders.
I also shop and save in crypto rather than Nigeria’s currency, naira. Due to devaluation, the value of naira is constantly falling, leading to a loss of purchasing power. To counter this depreciating value, i save in USDT, a stablecoin designed to be pegged to USD, a fiat currency significantly that’s less volatile than naira.
I love using Binance since I first signed up. Apart from having a great user interface, the app works well on Android devices, allowing me to conveniently access crypto services anytime. Upon exploring the features on the Binance app, I have become familiar with sending and receiving crypto funds securely using my Binance wallet.
Because user safety and security is a major priority for Binance, i can use the Binance app with peace of mind.
As a long-time user of an app that is constantly being upgraded, I make sure to remain subscribed to email updates to keep me informed of the latest updates in the ecosystem.
My Advice for Crypto Beginners:
Crypto newbies should learn about crypto extensively and pay attention to detail.
If you are using a decentralized wallet, do not give your recovery phrase to anyone. Always safeguard the login details to your wallets.
Do proper research before participating in any airdrop you come across, as it may be a phishing scam that could potentially empty your crypto wallet.
Consider using CoinMarketCap and other reliable crypto data sites when doing research on tokens and projects.
Know when to buy or sell. Don't be a bag holder and retain crypto assets that are falling in value until they are worthless; learn when to cut your losses. And if you miss a buying opportunity, don't give into FOMO (Fear Of Missing Out). There are many opportunities in this space!
Thanks, Much Love To Binance
#BinanceTurns6
Since 2017, Binance has been dedicated to making crypto accessible for everyone. My own crypto journey began when I was a student, looking for ways to earn money on my mobile phone. Through Binance, I learned the basics and explored crypto options. It has been a game-changer for me, allowing me to receive donations for my education and send/receive funds faster and cheaper than traditional banks, even across borders. I choose to save and shop in crypto to counter the devaluation of my local currency. Binance's user-friendly app and emphasis on security have made it my go-to platform. I advise crypto beginners to educate themselves, protect their wallet details, and conduct thorough research. Thank you, Binance, for enabling my crypto success and financial freedom! and Happy 6th Year Anniversary
#BinanceTurns6
#BinanceTurns6
LIVE
Binance Square Official
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🚀 #BinanceTurns6: What Kind of Blockchain Builder Are You? Find Out Now & Share your Binance Story to Win One BNB!
Activity Period: From 2023-07-10 00:00 (UTC) until 2023-07-23 23:59 (UTC)
How to Participate:
Step 1: Complete the quiz to find out what kind of blockchain builder you are.
Step 2: Invite your friends to take the quiz by clicking the [Share with Friends] button on the activity page. Your share will be deemed successful once the shared link has been clicked.
Step 3: Share your Binance story with us under this official Binance Feed post.
🌟After the activity ends, Binance will select 20 eligible users with the most inspiring shared Binance stories. Each will receive a 1 BNB Token Voucher. The winning entries will be featured on the activity page by 2023-07-28 23:59 (UTC).
Start Now👇
How to Participate:
Step 1: Complete the quiz to find out what kind of blockchain builder you are.
Step 2: Invite your friends to take the quiz by clicking the [Share with Friends] button on the activity page. Your share will be deemed successful once the shared link has been clicked.
Step 3: Share your Binance story with us under this official Binance Feed post.
🌟After the activity ends, Binance will select 20 eligible users with the most inspiring shared Binance stories. Each will receive a 1 BNB Token Voucher. The winning entries will be featured on the activity page by 2023-07-28 23:59 (UTC).
Start Now👇
Since 2017, Binance has been dedicated to making crypto accessible for everyone. My own crypto journey began when I was a student, looking for ways to earn money on my mobile phone. Through Binance, I learned the basics and explored crypto options. It has been a game-changer for me, allowing me to receive donations for my education and send/receive funds faster and cheaper than traditional banks, even across borders. I choose to save and shop in crypto to counter the devaluation of my local currency. Binance's user-friendly app and emphasis on security have made it my go-to platform. I advise crypto beginners to educate themselves, protect their wallet details, and conduct thorough research. Thank you, Binance, for enabling my crypto success and financial freedom! and Happy 6th Year Anniversary
#BinanceTurns6
#BinanceTurns6
Take advantage of dollar-cost averaging: Rather than making a single large investment, consider using a strategy called dollar-cost averaging. This involves regularly investing a fixed amount of money at predetermined intervals (e.g., monthly or quarterly). This approach can help smooth out the impact of market volatility and reduce the risk of making poor investment decisions based on short-term price fluctuations.
Continuously reassess and adjust your strategy: The cryptocurrency market is dynamic and constantly evolving. Continuously reassess your investment strategy based on market conditions, project developments, and your own financial goals. Be prepared to adjust your portfolio allocation, take profits when appropriate, and reallocate funds to assets that align with your updated investment thesis.
Be cautious of hype and speculative investments: The crypto market is prone to hype and speculative behavior, which can lead to overvalued assets and market bubbles. Exercise caution when considering investments that are driven solely by hype or promises of quick returns. It's essential to conduct thorough research and assess the fundamental value and potential of a project before making investment decisions.
Consider the project's community and adoption: When evaluating cryptocurrencies, consider the size and engagement of the project's community as well as its adoption rate. A strong and active community can indicate ongoing development, support, and potential future growth. Similarly, widespread adoption of a cryptocurrency in real-world applications or partnerships with established entities can be positive indicators of long-term viability and value.
Stay informed about regulations and compliance: The regulatory landscape for cryptocurrencies is evolving, and it's important to stay updated on any regulatory changes or compliance requirements that may affect your investments. Keep track of regulatory developments in your country or the countries where the projects you invest in operate. Being aware of regulatory changes can help you make informed decisions and avoid potential legal or compliance issues.
Practice disciplined risk management: Implementing a disciplined risk management strategy is crucial when investing in cryptocurrencies. Set clear risk thresholds and allocate your investments accordingly. Avoid investing more than you can afford to lose and consider setting stop-loss orders or using trailing stops to protect your capital. By managing your risk effectively, you can minimize potential losses and protect your investment portfolio in the face of market volatility.
It's important to set realistic expectations regarding your crypto investments. While significant gains are possible, it's also crucial to understand that the market can be highly volatile, and not all investments will yield massive returns. Avoid falling into the trap of chasing quick profits or getting influenced by FOMO (Fear of Missing Out). Instead, focus on long-term goals and make rational investment decisions based on careful analysis and your financial objectives.
When investing in cryptocurrencies, it is advisable to diversify your portfolio, conduct thorough research on projects, stay updated with the latest news and trends, be mentally prepared for volatility, consider long-term strategies, prioritize security by using reputable platforms and wallets, and seek professional advice to navigate the highly unpredictable and risky nature of the cryptocurrency market, ensuring that you make informed decisions based on your risk tolerance and financial circumstances.
What to Do After I Buy Bitcoin In Binance
Store/Hold Bitcoin
Many users hold on to their Bitcoin with the expectation of it increasing in value. You can store your BTC safely on your Binance account or on our crypto wallet app Trust Wallet, the most user-friendly and secure mobile wallet.
Trade Bitcoin
You can trade Bitcoin for 150+ cryptocurrencies on Binance’s industry-leading, fast, and secure trading platform. Binance offers many trading pairs for Bitcoin trading to meet your needs.
Send Bitcoin
Yes, Binance allows you to easily transfer value around the world, fast. You can buy Bitcoin online and send to anyone and anywhere with their Bitcoin address.
Spend Bitcoin
You can also buy goods and services with your Bitcoin. More and more vendors and retailers accept Bitcoin every day.
Donate Bitcoin
Binance Charity accepts Bitcoin donations for global projects that aim to improve the lives of people in the bottom billion. You can donate Bitcoin so no one misses out on the growth made possible by blockchain.
Learn More About Bitcoin
You can read more in-depth articles on Bitcoin from Binance Research and study how cryptocurrencies like Bitcoin work on Binance Academy
Many users hold on to their Bitcoin with the expectation of it increasing in value. You can store your BTC safely on your Binance account or on our crypto wallet app Trust Wallet, the most user-friendly and secure mobile wallet.
Trade Bitcoin
You can trade Bitcoin for 150+ cryptocurrencies on Binance’s industry-leading, fast, and secure trading platform. Binance offers many trading pairs for Bitcoin trading to meet your needs.
Send Bitcoin
Yes, Binance allows you to easily transfer value around the world, fast. You can buy Bitcoin online and send to anyone and anywhere with their Bitcoin address.
Spend Bitcoin
You can also buy goods and services with your Bitcoin. More and more vendors and retailers accept Bitcoin every day.
Donate Bitcoin
Binance Charity accepts Bitcoin donations for global projects that aim to improve the lives of people in the bottom billion. You can donate Bitcoin so no one misses out on the growth made possible by blockchain.
Learn More About Bitcoin
You can read more in-depth articles on Bitcoin from Binance Research and study how cryptocurrencies like Bitcoin work on Binance Academy
There are countless ways to profit off of trading cryptocurrency. Trading strategies help you organize those techniques into a coherent framework that you can follow. This way, you can continually monitor and optimize your cryptocurrency strategy.
The two main schools of thought you’ll need to consider when building a trading strategy is technical analysis (TA) and fundamental analysis (FA).
The two main schools of thought you’ll need to consider when building a trading strategy is technical analysis (TA) and fundamental analysis (FA).
Binance: Where The World Trades Bitcoin
Fast
Binance’s world-class matching engine supports up to 1,400,000 orders per second. This ensures that your crypto trading experience is quick and reliable.
Simple
Trading crypto on Binance is easy and intuitive. You only need a few steps to buy Bitcoin instantly.
Secure & Trusted
Millions of global crypto users trust us. Our multi-tier & multi-cluster system architecture and SAFU (Secure Assets Fund for Users) insurance fund protect your account.
Liquid
Binance is the world’s most liquid cryptocurrency exchange, with the biggest volumes across multiple crypto pairs.
Fast
Binance’s world-class matching engine supports up to 1,400,000 orders per second. This ensures that your crypto trading experience is quick and reliable.
Simple
Trading crypto on Binance is easy and intuitive. You only need a few steps to buy Bitcoin instantly.
Secure & Trusted
Millions of global crypto users trust us. Our multi-tier & multi-cluster system architecture and SAFU (Secure Assets Fund for Users) insurance fund protect your account.
Liquid
Binance is the world’s most liquid cryptocurrency exchange, with the biggest volumes across multiple crypto pairs.
5 Cool Features On Binance That You Should Try Out
Do you want to test your trading skills against other crypto traders worldwide?
Imagine competing against other traders on a daily basis, gamifying your trading experience, and at the same time, winning prizes. Wouldn't that be great?
Or perhaps, do you want to follow and interact with the best traders on Binance?
If yes, you're in luck because we have exciting new features that will take your trading experience to a whole new level. We've introduced five cool features that will enhance your trading experience with us.
1. Binance Futures Battle
2. Binance Futures Leaderboard
3. Asset Conversion
4. Cross Collateral
5. Price Protection
Where can you find all this features?
Do you want to test your trading skills against other crypto traders worldwide?
Imagine competing against other traders on a daily basis, gamifying your trading experience, and at the same time, winning prizes. Wouldn't that be great?
Or perhaps, do you want to follow and interact with the best traders on Binance?
If yes, you're in luck because we have exciting new features that will take your trading experience to a whole new level. We've introduced five cool features that will enhance your trading experience with us.
1. Binance Futures Battle
2. Binance Futures Leaderboard
3. Asset Conversion
4. Cross Collateral
5. Price Protection
Where can you find all this features?
8 Ways to Earn Crypto on Binance That Don’t Involve Trading
At Binance, you have lots of opportunities to grow your asset holdings even during times when you’re not trading. In this blog, you’ll learn how to do that.
Right now, you have many ways to buy cryptocurrencies on Binance. Whether it’s through trading or using our Buy Crypto page, you have many ways to pursue a great deal for your crypto. But the deals don’t stop with just buying.
We offer you a wide range of options to grow your crypto holdings, even when you’re not trading. With Binance, you have the power to allocate your tokens to different activities and services that we regularly launch on the platform. Here are eight ways to earn crypto on Binance without trading.
1. Farm New Tokens by Holding BNB, BUSD, and Other Cryptocurrencies on Binance Launchpool
Yields: ⭐️⭐️⭐️⭐️⭐️
Earlier this month, we introduced Binance Launchpool, which allows you to earn crypto tokens from newly launched projects just by depositing your BNB in a liquidity pool. Currently, you can earn Bella Protocol (BEL) and Wing (WING) tokens by farming some of your BNB on Launchpool. Here’s a step-by-step guide on how you can do that.
2. Grow Your Stablecoins With Binance BSwap
Stablecoin Benefits: ⭐️⭐️⭐️⭐️⭐️
Another liquidity pool product we recently launched is Binance BSwap. This is an automated market maker (AMM) pool product, the first of its kind in a centralized exchange, and it hosts different pools of liquidity that allow its users to exchange crypto assets with minimal slippage and earn a share of the interest generated from joining the liquidity pool.
3. Stake Your Tokens to Benefit from Binance Staking
Convenience: ⭐️⭐️⭐️⭐️⭐️
Since 2019, we have supported the staking mechanisms of several cryptocurrencies on our platform. Simply put, storing (staking) your tokens on Binance automatically gives you the benefits of earning from your crypto token’s staking programs. With Binance Flexible Staking, you can earn extra tokens from 25 supported cryptocurrencies, no strings attached.
4. Subscribe Your Tokens on Binance Locked Staking for Higher Yields
Interest Maximization: ⭐️⭐️⭐️⭐️⭐️
You can also explore Binance Locked Staking and lock in your tokens for as little as 7 days to benefit from higher yields. There are six locked staking opportunities you can explore, all made possible with the participating projects’ staking mechanisms, with annual yields as high as 16%.
5. Participate in DeFi Staking
DeFi Access: ⭐️⭐️⭐️⭐️⭐️
With the advent of DeFi (decentralized finance), you can also participate in earning opportunities available for your tokens. For instance, Binance DeFi Staking has launched several products that offer annual yields of as high as 60%, using BNB, USDT, BUSD, and DAI, with more to come.
6. Earn Interest from Binance Savings Products
Savings: ⭐️⭐️⭐️⭐️⭐️
Through Binance Savings, we offer several savings products to store your crypto and earn from the yields they generate. You can go for Flexible Savings, where you can deposit and redeem anytime. You can opt for Locked Savings, where you secure your crypto for several days and then withdraw for bigger interest payouts.
7. Store Crypto in Your Binance Account to Earn from Airdrops
Freebies: ⭐️⭐️⭐️⭐️⭐️
Right now, when you store BNB in your Binance account, you benefit from being part of our $16 million airdrop of SXP tokens, exclusive for BNB holders on Binance. This is a 12-week program where you can gain SXP tokens proportionate to your BNB holdings every week. Learn more about this program here. We are also looking into more opportunities like this in the future.
8. Spend Using Your Binance Card (Now Available in Europe)
Rewards: ⭐️⭐️⭐️⭐️⭐️
We’re putting a new meaning to “You gotta spend money to earn money. With Binance Card, which just launched in Europe and will roll out to more areas soon, you earn BNB rewards when you use it to spend on thousands of supporting merchants worldwide. The cashback rate starts at 1%, and the more BNB you hold in your Binance account, the higher the rate goes, even up to 7%.
As you can see from our examples above, you can earn more assets on Binance, whether you trade or not. All you have to do is to buy crypto and join one of the many features we offer.
Right now, you have many ways to buy cryptocurrencies on Binance. Whether it’s through trading or using our Buy Crypto page, you have many ways to pursue a great deal for your crypto. But the deals don’t stop with just buying.
We offer you a wide range of options to grow your crypto holdings, even when you’re not trading. With Binance, you have the power to allocate your tokens to different activities and services that we regularly launch on the platform. Here are eight ways to earn crypto on Binance without trading.
1. Farm New Tokens by Holding BNB, BUSD, and Other Cryptocurrencies on Binance Launchpool
Yields: ⭐️⭐️⭐️⭐️⭐️
Earlier this month, we introduced Binance Launchpool, which allows you to earn crypto tokens from newly launched projects just by depositing your BNB in a liquidity pool. Currently, you can earn Bella Protocol (BEL) and Wing (WING) tokens by farming some of your BNB on Launchpool. Here’s a step-by-step guide on how you can do that.
2. Grow Your Stablecoins With Binance BSwap
Stablecoin Benefits: ⭐️⭐️⭐️⭐️⭐️
Another liquidity pool product we recently launched is Binance BSwap. This is an automated market maker (AMM) pool product, the first of its kind in a centralized exchange, and it hosts different pools of liquidity that allow its users to exchange crypto assets with minimal slippage and earn a share of the interest generated from joining the liquidity pool.
3. Stake Your Tokens to Benefit from Binance Staking
Convenience: ⭐️⭐️⭐️⭐️⭐️
Since 2019, we have supported the staking mechanisms of several cryptocurrencies on our platform. Simply put, storing (staking) your tokens on Binance automatically gives you the benefits of earning from your crypto token’s staking programs. With Binance Flexible Staking, you can earn extra tokens from 25 supported cryptocurrencies, no strings attached.
4. Subscribe Your Tokens on Binance Locked Staking for Higher Yields
Interest Maximization: ⭐️⭐️⭐️⭐️⭐️
You can also explore Binance Locked Staking and lock in your tokens for as little as 7 days to benefit from higher yields. There are six locked staking opportunities you can explore, all made possible with the participating projects’ staking mechanisms, with annual yields as high as 16%.
5. Participate in DeFi Staking
DeFi Access: ⭐️⭐️⭐️⭐️⭐️
With the advent of DeFi (decentralized finance), you can also participate in earning opportunities available for your tokens. For instance, Binance DeFi Staking has launched several products that offer annual yields of as high as 60%, using BNB, USDT, BUSD, and DAI, with more to come.
6. Earn Interest from Binance Savings Products
Savings: ⭐️⭐️⭐️⭐️⭐️
Through Binance Savings, we offer several savings products to store your crypto and earn from the yields they generate. You can go for Flexible Savings, where you can deposit and redeem anytime. You can opt for Locked Savings, where you secure your crypto for several days and then withdraw for bigger interest payouts.
7. Store Crypto in Your Binance Account to Earn from Airdrops
Freebies: ⭐️⭐️⭐️⭐️⭐️
Right now, when you store BNB in your Binance account, you benefit from being part of our $16 million airdrop of SXP tokens, exclusive for BNB holders on Binance. This is a 12-week program where you can gain SXP tokens proportionate to your BNB holdings every week. Learn more about this program here. We are also looking into more opportunities like this in the future.
8. Spend Using Your Binance Card (Now Available in Europe)
Rewards: ⭐️⭐️⭐️⭐️⭐️
We’re putting a new meaning to “You gotta spend money to earn money. With Binance Card, which just launched in Europe and will roll out to more areas soon, you earn BNB rewards when you use it to spend on thousands of supporting merchants worldwide. The cashback rate starts at 1%, and the more BNB you hold in your Binance account, the higher the rate goes, even up to 7%.
As you can see from our examples above, you can earn more assets on Binance, whether you trade or not. All you have to do is to buy crypto and join one of the many features we offer.
What Are Stablecoins?
Stablecoins are digital assets designed to mimic the value of fiat currencies like the dollar or the euro. They allow users to cheaply and rapidly transfer value around the globe while maintaining price stability.
Stablecoins are digital assets designed to mimic the value of fiat currencies like the dollar or the euro. They allow users to cheaply and rapidly transfer value around the globe while maintaining price stability.
Binance P2P is emerging as a great venue for buyers and sellers of cryptocurrencies using their local currencies. Since its launch in October 2019 on the Binance app, followed by its availability on the Binance website in February 2020, we have steadily built up the Binance P2P service into a viable platform for users who want to exchange their local currencies into cryptocurrencies and vice versa
Many venture into the much-hyped and tempting world of cryptocurrencies in hopes of making some money. Users just starting their crypto journey are faced with a barrage of offers from companies promoting easy income generating opportunities that seem highly effective—at first glance.
Binance P2P provides a robust platform for verified buyers and sellers to broadcast their offers, as well as a crypto escrow service that ensures the safety and timely delivery of crypto assets in every trade.