A pleasant day on Binance, making a few yuan in profit, losing it all in a minute, although it's not much, sometimes it can be frustrating. I'm done, it really doesn't make any sense.
Binance, as a globally renowned cryptocurrency trading platform, requires careful consideration for its operations and participation in related activities. Below are some general experiences compiled based on publicly available information, but please note that cryptocurrency trading carries high risks, and decisions should be made cautiously based on your own situation:
1. Experience in Participating in Binance Alpha Points Activity
Points Rules
Points are composed of two parts: asset balance and trading volume, and must be continuously accumulated.
Balance Points: Assets in the range of 1000−1000−10000 can earn 2 points/day. It is recommended to maintain this range to reduce trading costs.
Trading Volume Points: Obtained by buying Alpha tokens, trading volume on the BS chain can be doubled. For instance, a trading volume of 16384 can earn 14 points.
Risk Control
Price Volatility Risk: Choose tokens with high liquidity and stable prices (such as zkj, koge) to avoid losses due to price crashes.
Platform Risk Control: Avoid frequent operations or abnormal trading behaviors to prevent your account from being classified as “playing the system” and having your activity eligibility restricted.
Operating Skills
Using BS chain trading can reduce wear and tear; it is recommended to perform about 4 trades each time to avoid errors caused by multiple operations.
Set a reasonable slippage (0.1%-0.5%) to avoid increasing costs due to excessive slippage.
2. Safety and Compliance Considerations
Account Security
Enable Google verification (2FA), hardware keys, and other multi-factor authentication methods.
Regularly change API keys to prevent leakage.
Compliance Risks
According to Chinese laws and regulations, overseas virtual currency trading carries legal risks and should be carefully assessed.
Avoid recharging or withdrawing through illegal channels, and keep transaction records for compliance review.
3. Other Suggestions
Diversify Risks: Avoid concentrating a large amount of assets on a single platform or project; consider diversifying investments across multiple platforms.
Continuous Learning: Pay attention to Binance’s official announcements and market trends to stay informed about rule changes and new project information.
Leverage is absolutely not allowed, I get cleared out every time I buy 10 times.
北极没有企鹅
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Since that day, I've been losing continuously, lost everything, won't play for now, won't spend money anymore, as expected, emotions came up, really can't do it.
Who created this automatic participation in airdrop for subscription, how is it, are the returns significant, and if it falls, will the proportion of the received airdrop incur losses?
Newbie 😭 has never encountered profit, when buying up it drops, when shorting it goes back up 🤡 feels like that candlestick is teasing me, really no fate with it, my interest has completely been crushed.
🤭 I don't think I've ever made a profit from Binance spot contract leverage, it's like gambling. I might as well just gamble directly. No wonder my friends who play on OKX say it's better to just take the money and bet.
BTC小分队队长
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Another one goes online, how many leeks will be enough to cut if this continues?
Airdrop let me go why Su Wei Su Wei Su Wei let's be together in the evening together giggling after resting in the evening giggling giggling giggling giggling giggling I clearly still have this ancient barber Sogou search Honor of Kings cherish your name brownish-red is easy I and the heated Pisces jade pendant told me a word The Walking Dead grandma's child wore out send send send hard walnut broke two Cooper provoke you I send her snow melting say so much computer level 3 Matsutake congratulations QwQ worn out send send send a table of people all new let me let my brother wear out light pink POS motorcycle parts De Bakun postal courier go oh a cough at least must sleep now mother-in-law system Dehong did not hit a mold solution I send to the accompanying oh fall down send while you people's heart river Demacia Mei En friends