Six Months Experience on Binance
Once upon a time, my cousin friend was talking about financial issues because of covid. His shop was closed from two weeks. Then he started discussion about "Trading ". He said to my cousin that people are earning online through trading. My cousin didn't know about trading. I was also hearing all talks of him. My cousin knew that I am also online user. He told his friend that "Such boy (Me) is online earner ".
My college friend was freelancer in article writing and environmental engineer. I contacted him through phone call. He replied "I am here ". I didn't know about my collage friend "He is also trader ". I said him that you know about "Binance " trading. He replied: " I am doing trading in spot and staking ". ID Card was not available that day. I asked him " I want to create Binance ".
Next Day, I went with my ID card with full passion. I told him "ID card is available to mine ". First, we downloaded Binance App from Play store. Face verification was very funny. Haha. I can't forget such moment.
My Binance account verified in few hours. I didn't use Binance account. He suggested me one YouTube channel that you should watch video. Then you can trade well on Binance. I watched one video about trading on YouTube daily. Process was very easy. I was considering that "Trading is very tough ". Learning process makes everything easy.
I am sharing my experience related to Binance. How Binance can make you zero and hero!!
1-spot trading
2- Staking
3- P2P trading
4-Binance Rewards
1-Spot Trading
70% percent people does trading in spot. If you have good experience in trading, you can earn from profit from your own investment on daily basis. You should use indicator in trading. Question raises how can you use indicator? If you are buying any coin then you should check chart of coin. You will watch chart . Then you can easily that coin will increase or decrease..
You should keep one talk in your mind that coin can crash again. I am giving example of "Bond" and "Tornadocash" coins. I considered that tornado cash will pump after 8.60$ rate. It was touching 7.60$ yesterday because of market crash.
How can you recover your loss in spot trading!!.
You should invest 80% money in coin. You should safe 20% investment in stable coins.
If your coin has decreased after buying rate. Then you should invest your remaining 20% money in such coin. I hope that you will recover your loss soon.
2-Staking
Staking coin are 70% percent risky in Binance. I don't know people will agree with me or not about this staking point. I have experienced that "Staking coin decreases badly". Coin Administration knows that people are investing in staking coin. Then coin prices decreases day by day. Staking has given me huge profit. Do you wanna know ! How :
I didn't know about staking as spot trading. My freelancer said "You should invest in staking coin ". You will get profit daily basis. I admit his talk with full passion. I didn't know what will happen with me! Hehe
I was holding almost 145$ in #Bitcoinwallet.com. First, we sent whole BCH into trust wallet . 11$ fees cut down from my wallet.
We staked 6.5 cake at 70% Apr rate. #Cake coin price was 19.50$. After staking my investment, cake coin prices was falling daily. My heart beat was increasing daily. Haha. I received almost 80$ from staking. One cake was profit. I faced 50$ loss. You can guess easily "staking is best or not ". #ADA has also played with my feelings because of staking.
What's your experience in staking coin system!
3- P2P trading
I consider that "P2P trading " is another world. P2P trading is known as tricky, tough and challenging trading. P2P traders always remains online.
How can you earn from P2P trading?
First, you should become good merchants. Your feedback performance should be more than 90%. Then buyers and sellers will interact you because of your quick feedback and performance.
As a seller merchant, if you are buying one usdt at 232 Rupees. Then you should make another sketch into your mind. You also should become buyer merchant.
As a buyer merchant, you can sell one usdt between 236 -238 Rupees. By doing this, you can earn almost 2 - 3$ in the day..
P2P is beautiful mutual relationship between two unface friends.
4- Coin Crash
Do you feel remain worry during investments time? Bad thoughts always comes in mind.
Some coins looks bankcorroupt. If you are buying any coin then Binance gives single that such coin is bankcorroupt. It's highly risky.
Luna crash is best example in front of us.
We can't believe any coin except #BTC, #BCH, #ETH and #BNB.
Coin crash can make you "Zero "
I also have tired written very much. I don't wanna talk your time more.
Thank you for visiting my article.
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ii) Pixabay
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Previous cute Articles :
https://read.cash/@shahzadkhan/introduction-62828a70
https://read.cash/@shahzadkhan/noisecash-is-base-of-my-cryptocurrency-42844bbf
You are learning fast :) I wish you the best on your investments!