xguiller's Profile | Binance Square

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What's an ETF?A lot of crypto users are complaining that they don't understand the rules of the U.S. stock market and are too scared to dive in. Honestly, this is my first time touching it too, so I feel a bit lost 😅 But after slowly trying it out on Binance, I found that it's pretty user-friendly for us crypto veterans: with just one account, you can trade U.S. stocks and ETFs directly without needing to open a new account, switch platforms, or transfer funds. The friction cost is way lower! You can start with a minimum of $5, experiment with fractional shares in small amounts; there’s no need to risk big bucks right off the bat. First, get familiar with the rules and ease that psychological pressure. Regarding costs, I did some digging: the transactions themselves are commission-free, but they currently settle in USDC to USD on the backend, so the settlement cost is wrapped into the platform fee. Officially, the spread has been reduced from 0.1% to 0.05%, which for us newbies with smaller amounts means an even lower cost of experience. Plus, Binance is developing a direct USD settlement mode, and by then, this fee will drop even further. This makes me feel like the platform really listens to feedback and continuously optimizes. Right now, I'm learning as I go: U.S. stocks aren’t 24/7; they have T+1 settlement. Some stocks pay dividends, but there’s a 30% tax withholding, and that’s not charged by Binance; it’s just the tax rule of the U.S. stock market itself. This means you’re accessing real rights to companies, not just price mapping or synthetic assets. Since this is a newly launched product, there’s definitely room for optimization. Binance has always been about iterating based on feedback, and many features improve over time. There's no rush to draw conclusions; give the product and myself some time to learn the rules. For crypto users venturing into U.S. stocks, the key is not to rush into heavy investments—first, experiment with small amounts and understand the rules well. Entering through a familiar platform really lowers the barrier.#BinanceSquare #web3 #QQQ #GLD #SPY

What's an ETF?

A lot of crypto users are complaining that they don't understand the rules of the U.S. stock market and are too scared to dive in. Honestly, this is my first time touching it too, so I feel a bit lost 😅 But after slowly trying it out on Binance, I found that it's pretty user-friendly for us crypto veterans: with just one account, you can trade U.S. stocks and ETFs directly without needing to open a new account, switch platforms, or transfer funds. The friction cost is way lower! You can start with a minimum of $5, experiment with fractional shares in small amounts; there’s no need to risk big bucks right off the bat. First, get familiar with the rules and ease that psychological pressure. Regarding costs, I did some digging: the transactions themselves are commission-free, but they currently settle in USDC to USD on the backend, so the settlement cost is wrapped into the platform fee. Officially, the spread has been reduced from 0.1% to 0.05%, which for us newbies with smaller amounts means an even lower cost of experience. Plus, Binance is developing a direct USD settlement mode, and by then, this fee will drop even further. This makes me feel like the platform really listens to feedback and continuously optimizes. Right now, I'm learning as I go: U.S. stocks aren’t 24/7; they have T+1 settlement. Some stocks pay dividends, but there’s a 30% tax withholding, and that’s not charged by Binance; it’s just the tax rule of the U.S. stock market itself. This means you’re accessing real rights to companies, not just price mapping or synthetic assets. Since this is a newly launched product, there’s definitely room for optimization. Binance has always been about iterating based on feedback, and many features improve over time. There's no rush to draw conclusions; give the product and myself some time to learn the rules. For crypto users venturing into U.S. stocks, the key is not to rush into heavy investments—first, experiment with small amounts and understand the rules well. Entering through a familiar platform really lowers the barrier.#BinanceSquare #web3 #QQQ #GLD #SPY

xguiller

What's an ETF?

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