4 Easy Ways To Double Your Money Trading Cryptocurrency on Binance Exchange in 2 Weeks

It's now common knowledge that so many young people especially from developing countries like Nigeria, Ghana, South Africa, etc have found a new way of making legit dollars from the internet. That is to say, you don't need to rent a shop, buy machines, equipment or goods. You don't even need to employ anyone to help you do this (though as you expand, you might need people to help out). All you need is small cash, to begin with, good internet and smartphones.

Guys, no more time to waste, chatting away your future. These guys are smiling to the banks every day.

If you have been looking for what to do to start making extra cash, then you need to follow these simple steps/guides I will give you, then you'll be good to go.

Thanks to Cryptocurrency!

Thanks to Binance trading platforms!

Though my intention is not to begin to educate anyone here, let me start by explaining what cryptocurrency is all about.

What is Cryptocurrency (crypto-currency or crypto as some may call it)?

According to Wikipedia, a cryptocurrency is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of a computerized database that uses strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership.

Actually, cryptocurrency does not exist in physical form like our usual paper money and it's not issued by any central authority. 

Cryptocurrencies use decentralized control as against the centralized digital currency and central banking systems.

Cryptocurrency is generally considered centralized when it is mined or created prior to issuance or when it is issued by a single issuer. 

What is a Blockchain?

Blockchain is a system of recording information in a way that makes it difficult or even impossible for the information to be changed, hacked, or cheat the system.

A blockchain is actually a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain. Each block in the chain contains a number of transactions, such that each time a new transaction occurs on the blockchain, a record of that transaction is added to every participant's ledger. 

Distributed Ledger Technology (DLT) is the decentralized database managed by multiple participants.  Blockchain essentially is a type of DLT in which transactions are recorded with an immutable cryptographic signature called a hash.

What is Binance Exchange?

Binance is a cryptocurrency exchange providing platform for trading a variety of cryptocurrencies. Currently, Binance is the largest cryptocurrency exchange in the world in terms of the trading volume. It is founded in 2017 by Changpeng Zhao and Yi He, Changpeng Zhao is the CEO. It was originally headquartered in China but later moved to the Cayman Islands due to China's increasing worrisome regulations of cryptocurrency. It can be operated on multiple devices, including smartphones. For me, I suppose it should be one of the most trusted cryptocurrency exchanges traders go for based on their trust score.

Having given this preamble basically for newbies, let's delve into the meat of the day. My simple, no-brainer methods I apply on daily basis trading on Binance, smiling to the banks daily. Note, there are basically two strategies people employ in the crypto business. The first strategy is to buy and hold. Here, you don't active trading. You may hold for 3, 6, 9, or 12 months and sell and make your profits. The second type is active trading. That is, buying and trading and making profits. Here, there is a quick turnover of funds. There are also different types of active trading, most of them would entail tortuous learning curves and involve much taking of risk doing them especially for the newbies. But what I will share with you here is my personal experience. I have been in the cryptocurrency business since 6 years ago. So, I would be sharing from my wealth of experience.

4 Easy Ways To Double Your Money Trading Cryptocurrency on Binance Exchange in 2 Weeks.

#1. Register on Binance and verify your account.

First thing first. Perhaps, you have not even registered on Binance, let's start there first. You can use this link to register. It's my referral link from Binance. If you use it to register, when you do some transactions I will get some coins from it. Thank you for using my link to register. Actually, I use other exchanges as well, for example, I use Remitano too, but when you consider the safety of your money, the cost of transactions, the number of cryptocurrencies listed on Binance, you will agree with me Binance is the best, at least for now. After, registering, go ahead to verify your account (you can't transact on Binance until you have your account verified). Then, secure it. Use at least Google authenticator to give your account an additional tier of security. If you're to use the Binance platform on your smartphone, it is important you also configure biometric security on the app (finger-print). 

Well done! Now, take some time to familiarize yourself with the platform. Very importantly, learn how to use 'Limit order', 'Market order', 'Stop limit', and 'One cancels other (OCO) order to buy and sell on Binance platform. You will surely need them later in the business. These different orders help me a lot in the business.

#2. Study the Cryptocurrencies and their Trends.

It's a gradual programme. Begin to study some of these cryptos, I don't mean you should go full-blown in-depth of them. Most importantly, know their applications in the real world. You can research briefly the team behind them, I mean the founders. There are a lot of shitcoins out there. A shitcoin is a cryptocurrency that according to one's subjective opinion, does not have a particular purpose or application. Choosing them may turn out to be a very bad investment. For a start, you may start with these coins, they are very hot and have real-world applications. For newbies, please do not go for them, but to tell you the truth, I have made some huge money trading them, though doing it very cautiously. 

Let me give you a brief list of the crypto portfolios I have been trading on. You can quickly start with these ones while you find time to make your own research and know which ones to keep or trade on. I will list them in no particular order: VET, CHZ, WIN, DENT, BTT, HOT, ADA, FIL, ETH, BNB, ATOM, STMX, MATIC, UNI, EOS, ONE, AUDIO, SOL, NKN, OGN, WRX, VTHO, TKO, CAKE, and ETC. They are about 25 crypto portfolios I am currently holding. Much of the money I am making from crypto is from them. 

Another worth noting about the coins is their trends. Which of them have been on the upwards or downwards trends and the times and dates. Get to know their 24hr Highs and Lows. But, most importantly, get to know when the coins of your interest pumped. Pumping is a term we use to describe an extraordinary upward trend displayed by a particular coin, say up to 30 - 60% than its value within a 24hr period. This knowledge is crucial to the other subsequent steps you will take.

#3. Credit your Spot Wallet account. 

Don't mind my language. What I mean is that you should by this time buy some crypto and keep in your Spot wallet ready for action. Buying can be done through different methods. You can do this through banks/credit cards (if your country permits that) or via peer-to-peer transfer. In Nigeria, the use of banks in crypto business is temporarily suspended, so only the P-2-P method subsists. Crediting your spot wallet doesn't mean you must start buying right away, no. This is part of the preparations because you wouldn't any delay or disruptions involving fund transfer at the very time you want to buy a specific coin. As, a rule of thumb, I always have some USDT in my spot wallet. Yes, I prefer to keep the money in the spot wallet in stable coins like USDT or BUSD. 

#4. Buy the Dip, Sell High!

As a newbie, don't just register and jump into buying without first of all going through the two previous steps above. Since it might be too technical for a newbie to read and interpret the candlesticks or apply the technical analytical indicators, what he should do (that is what I do too) is to wait for the targeted coin to go down, stabilize (wait a while for possible price correction). Then, when I am certain the price is no longer declining, I would buy at that point. After purchasing your coin, you can now set it up for sale. The setting up can be done with either limit order, stop-limit order or one cancels the other order. Should you find it difficult to use any of these order settings, then you have to be frequently be watching over them as their prices rise, so that you don't miss them as they pump to their pick prices. 

In setting up the prices, you can use percentages - I usually use between +15 to +25% rise in original price. You can as well set the prices, by checking out the 24 hours 'High' and 'Low' prices. Let's say the 24-hour High-price of a particular token was 1.400 USDT, you can set your own selling price at 1.520 USDT. However, if I am actively monitoring their prices, and possibly, I perceive that the price of a particular coin can seamlessly move above, say 25%, I would cancel the automated selling order and monitor the price manually until it gets a price I am comfortable, then I would sell it.

#Bonuses:

Do not rush to buy any coin that has just dipped after pumping for many hours. Watch it, it might likely undergo price correction. You will be surprised, after you've just bought at say, -15%, it would further go down to -20% or even less. However, if you've been monitoring the market so well, you should be able to know the trends of the coins you're interested in, which ultimately should guide you to know when to buy. For instance, for those that have pumped so high for too long, wait for them, they usually fall so hard, say down to -15% or even less. For mild to moderately pumped coins, they may dip down to less than -10% or so.

As much as you can, avoid buying any crypto coin that is already moderately high, say greater or equal to +15. You might not be lucky to have it go another +10% high (i.e +35% rise). As I always advise, you can never be wrong buying the dip. Therefore, do not give in to the fear of missing out - FOMO.

I would keep on updating these bonuses as I gain more insights and experiences from my real-life trading and researches, so keep on visiting these sites for updates.

Should you need further guidance, you can call or text me using my WhatApp phone number - +2347051216870.

Here is my Binance link, you can follow the link to register.

Thank you.

Disclaimer: