Brothers who just entered the cryptocurrency world, listen to my advice! Don't blindly follow trends and randomly buy coins or mess around with contracts. These are all hard-earned lessons I learned after stepping into countless pits and losing tens of thousands. It's all straightforward language + practical steps; beginners can follow along directly to avoid detours!
1. Three core tips to avoid pitfalls (a painful lesson, must-read!)
1. Absolutely do not trust 'insider information'! Whether it's a stranger's private message, recommendations from people in the community, or so-called 'internal channels' claiming a 'must-rise coin', 90% of it is a trap to make you take over losses — I once trusted a 'friend's insider information', heavily invested, and it directly halved in value. I'm still stuck with it now; it's a painful lesson!
2. Beginners should not exceed 3x leverage for contracts! When first playing with contracts, I thought 10x leverage was exciting, resulting in liquidation twice in 3 days, and my account balance was wiped out... Beginners must remember: leverage is a double-edged sword, low leverage + strict take profit and stop loss are necessary to survive in the contract market, don’t think about getting rich overnight!
3. Do not put all funds into one coin! Do not put all your eggs in one basket, even if you are optimistic about a certain coin, do not invest all your funds into it—I previously invested heavily in a certain altcoin, and the project team ran away, resulting in total loss! Later, I diversified my holdings (70% mainstream coins, 30% quality potential coins), even if some coins drop, it will not affect the overall returns, more stable~
II. The 4 practical details most concerning for beginners (step-by-step guide)
1. Coin selection tips (avoid 90% of pitfalls)
- Do not touch category 3 coins: those without white papers, without a public team background, relying only on group promotions for 'high returns' of altcoins;
- Prioritize selecting category 2 coins: ① Mainstream coins like Bitcoin and Ethereum (high security, relatively controllable volatility); ② Quality project coins with practical application scenarios (such as DeFi, NFTs, public chain ecosystems) and active communities (detailed information can be found in the 'Project Introduction' section on Binance);
- Small tips: check 'market capitalization ranking' before selecting coins (can be viewed on Binance), prioritize coins in the top 50, significantly reducing the probability of stepping on landmines.
2. Platform operation precautions (Binance practical adaptation)
- Security settings: Be sure to enable two-factor authentication (Google authentication/SMS verification), bind your commonly used phone number, and disable login permissions for unfamiliar devices;
- Fund transfer: when transferring from spot account to contract account, check account types carefully, do not transfer to the wrong address; confirm the receiving address is correct when withdrawing funds, prioritize 'on-chain withdrawals' (fast arrival), avoid peak periods (fees may be higher);
- Anti-phishing: Do not click on unfamiliar links, do not disclose login passwords or verification codes to anyone, Binance officials will not proactively ask for this information in private messages!
3. Take profit and stop loss settings (beginners can apply directly)
- Spot take profit: if profit reaches 15%-20%, sell half first, set the remaining as 'trailing stop' (for example, if profit reaches 30%, set take profit line at 25%, to avoid giving back profits during pullbacks);
- Spot loss: Cut losses decisively at 8%-10%, do not hold on stubbornly (the more you hold on, the more you lose, from personal experience!);
- Contract take profit and stop loss: set immediately after opening a position, do not exceed a 5% stop loss range, set the take profit range at 1.5-2 times the stop loss (for example, stop loss at 3%, take profit at 5%-6%), to avoid greed leading to profits turning into losses.
4. Steps to get started with contracts (beginners from scratch)
1. Learn the basics first: watch beginner tutorials in Binance's 'Contract Academy', understand concepts like 'long and short', 'leverage', 'margin', 'liquidation price', do not open positions blindly;
2. Small funds trial: start with 100-500U for practice, choose 1-3x leverage, and familiarize yourself with the operation process.
3. Choose the right contract type: beginners should prioritize 'perpetual contracts' (flexible, can close positions at any time), and avoid 'delivery contracts' (with expiration dates, easy to fall into time traps);
4. Control the frequency of opening positions: open positions a maximum of 2-3 times a day, do not trade frequently (the more frequent the trades, the more you lose, and the higher the fees).
What confusions do beginners still have? For example, 'which quality potential coins are worth关注','how to set trailing stop','what is an appropriate contract margin ratio', leave a message in the comments to let me know! Follow me, I’ll release a special issue next time (Beginner's Practical Handbook in the Crypto Circle (with screenshot tutorials)), to help you transform from a leek to a sickle, and steadily get ahead in the crypto space~ #CryptoCircleTips #新手入门 #避坑指南 #合约技巧 #选币攻略 #币安实操 $BTC
