Hello. Spring has come and it seemed to me that it was time to take stock of the Binance cryptocurrency exchange. In the last article “where did I start. First steps ”, I wrote that I invested 0.10 bitcoins. At that time it was about $ 700.
After almost 2 months, I closed my deposits on stakes, etc. I exchanged altcoins for the same bitcoin and returned my 10 million satoshi with all the commissions.
Considering that the price for Bitcoin had grown significantly by the day the deposit was withdrawn, I went into plus by as much as $ 300.
Does it make sense to make money on binance.
It makes sense if you invest a lot. For example, $ 2,000 for each staked altcoin. And this is the minimum in order to receive at least some profit every month.
I want to say that if these 10 million satoshi lay just in my bitcoin wallet, then I would get exactly the same profit, without all these manipulations.
Binance Exchange is an excellent and reliable cryptocurrency exchange. Of course, you can only earn money by speculating in currency, but all other methods are more likely to be suitable for those who are ready to invest more at a low interest rate for a sufficiently long period.
Personally, I do not have such patience and that amount of extra money to make money on Binance.
Perhaps I didn’t fully understand it, or it’s just a boner fear. But I didn’t like this method.
I will continue to study and observe this platform and even trade cryptocurrency. For example, buy XRP today at one price and after a while sell at a higher price and get a profit in dollar terms.
Cryptocurrency is good, but we still settle in dollars and other fiat units.