Registering and starting trading on Binance was not that easy. At first I thought it would be enough to just enter an email address and create a password, but in reality the process was much more comprehensive.
Especially with the introduction of the Travel Rule in Korea, it is necessary to complete identity verification in order to use national and international trading platforms without any problems.
At first, this process seemed a bit complicated to me. Since it required identity verification, facial recognition, and even the setup of two-factor authentication, it was a bit cumbersome.
However, Binance is a platform that prioritizes the security of its members, and going through all these steps ultimately became an essential measure to protect my assets.
During the identity verification process, my approval was rejected due to light reflections or a resolution problem.
Since this was my first experience of this kind, I was a bit confused, but quickly realized that verification was much easier on the desktop. On a large screen, the process could be managed more calmly and the verification could be completed quickly and accurately.
Knowing these little tips in advance can make the registration process much smoother and faster.
After completing my registration, I was finally able to start trading. Binance offers various trading modes such as spot, futures and margin trading, and for beginners, spot trading is probably the best option.
I started with spot trading of Bitcoin. I learned the concepts of Market Order and Limit Order, which allowed me to understand the basic workings of trading.
A Market Order is executed immediately at the current price, while a Limit Order allows you to set your own price and wait. With a Limit Order, I was able to trade on my own terms, which allowed me to take a more planned approach.
When I started trading on Binance, I also learned methods to reduce fees. By entering a referral code, you can get a discount of up to 20% on transaction fees. It would be a real shame not to take advantage of this opportunity.
The lower the fees, the more liquid my assets are, and the more I trade, the greater the effect. Applying this small advantage can save trading costs and invest more effectively. That's why I invite you to register via the link below to take advantage of this discount.
🚩 Enjoy 20% discount on Binance fees
Existing users can also benefit from a 20% fee discount if they meet the following five conditions.
The invited person already has a registered account with Binance.
The invited person has never accepted an invitation before.
The invited person's account has not made any transactions or used any products on Binance in the last 180 days.
When the eligible guest opens the link and logs in, a confirmation window appears.
When the inviter clicks on [Link Now], the link will take effect.
Binance also offers a feature called staking. Staking means depositing a certain amount of cryptocurrencies in order to receive interest. It is a method that involves less risk while still generating regular income.
For example, I stake BNB and receive stable yields. Other platforms offer similar services, but the terms and returns of staking on Binance are very competitive. Since I have a long-term investment strategy, this method has been particularly useful for me.
However, all of this is not just about trading well. Thanks to the educational content of Binance Academy, I learn a little more every day and acquire new knowledge. The Academy offers a variety of resources, ranging from the basics to advanced strategies, making it easier for beginners to access.
At first, I found cryptocurrencies too complex and thought I wouldn't understand the market, but through continuous learning, I gained confidence. I realized that investing in cryptocurrencies should be seen more as a long-term commitment and not with a short-term profit orientation.
Information plays a crucial role in trading. Information was a valuable tool for me, allowing me not to miss the right entry or exit moments. This allowed me to track market trends in real time and execute transactions at the right times. By actively using notifications, I built a solid foundation to invest more strategically.
I also don't overlook the security alerts provided by Binance. For example, I receive a notification when there is a login attempt from an unusual IP address, which allows me to protect my account. I have also set up an IP restriction for logins to further secure my account in the event of problems.
These small security settings help to avoid major risks. I realized that small daily habits can make a big difference, and that's why I now pay as much attention to managing my security as I do to my investments.
Investing in cryptocurrencies, especially on a global platform like Binance, means more than just seeking profits. It's a learning process about how I manage my financial assets and mitigate risks.
What seemed difficult at first gradually became a resource for building my own investment strategy, and now I feel increasingly confident with each new transaction.