reglasbinance

5 Fundamental Rules for Trading on Binance

1.- Manage risk and limit your losses: Never trade with more money than you are willing to lose. Use tools like Stop-Loss orders to automatically limit your losses if the price of an asset moves against you. This way, you protect yourself from unexpected market movements.

2.- Have an exit strategy: Before entering a trade, define your profit target and loss limit. This helps you avoid impulsive decisions based on emotion. Once you have your plan (for example, "sell if the price increases by 10%" or "sell if it decreases by 5%"), stick to it. You can use Take-Profit orders to secure your profits automatically.

3.- Diversify your portfolio: Don't put all your eggs in one basket. Invest in a variety of digital assets to reduce risk. If one cryptocurrency decreases in value, others may offset that loss. This helps protect your capital in the long run.

4.- Use order types correctly: Binance offers different types of orders for trading.

Market Order: Executes immediately at the best available price. It's useful for quick trades, but the final price may vary.

Limit Order: Allows you to set a specific price to buy or sell. The order will only be executed if the market reaches that price. This gives you more control over your entry and exit price.

5.- Understand and control leverage (if you use futures): If you decide to trade futures on Binance, leverage amplifies both gains and losses. High leverage can quickly liquidate your position if the market moves just slightly against you. It is crucial to start with low leverage and fully understand how it works before risking a significant amount of capital.

#Binance #ReglasBinance $BTC $XRP $SOL

Prohibited to Lose in Green

Remember this well: if your trade is already making a good percentage, move the Stop Loss to your entry price or Break Even.
It is a capital sin to let a winning trade turn into a loss out of greed.
I prefer the market to exit me at zero and look for another opportunity rather than taking money that was already mine.
Protect your capital before trying to multiply it.
#GestiónDeRiesgo #breakevenline #ReglasBinance #trading

"Why should you always pay from your own bank account in P2P? Don't use a family member's! 🧐"

The Golden Rule of P2P

In the Binance P2P market, one of the most important and least understood rules by newcomers is this: the name of the bank account from which you send money must exactly match the name of your Binance account.

Why is this so important?

Anti-fraud Security: This rule is the first line of defense for the platform against money laundering and fraud. It ensures that the person selling or buying cryptocurrencies is really who they say they are.

Quick Verification: For the seller, it's much easier and faster to verify a payment when the sender's name on their bank statement matches the name on the Binance order.

A Common Mistake

If you try to pay from your wife's, a sibling's, or a friend's bank account, the seller will see it as a "third-party transfer." For them, this is a red security flag. Most trustworthy sellers will cancel the transaction immediately to avoid risks, which will cause you a delay and a possible dispute.

"Did you already know this rule? What other security advice do you think is important for P2P?"#P2P #p2ptransactions #Seguridad #ReglasBinance #Notcoin

#ReglasBinance
Hello community, for those who didn't know like me, here are some of the rules to avoid getting your account banned 💢

Don't lose your crypto.

1. Access Binance from a region that is not yours.

2. Multiple accounts
Better not to risk it.

3. Linking unverified bots or APIs

4. Falsifying or buying KYC documents

5. Getting involved in fraudulent P2P transactions

"Is your P2P transaction 'stuck'? What you should NEVER do and what you should do instead 🚨"

The Common Scenario

You just sent the money for a P2P purchase, marked the order as 'Paid', but the seller hasn't confirmed. Minutes pass, and you feel anxious. What to do at that moment?

The Golden Rule! (What NOT to do)

NEVER, under any circumstances, cancel the order after you have sent the money.

If you cancel the order, Binance's security system automatically releases the seller's cryptocurrency as if the transaction never happened. In that case, you would have sent your money and the cryptocurrency would have gone to the seller, resulting in a total loss for you.

What you SHOULD do

Binance's security system is designed to protect you if the seller remains silent. Here are the correct steps to follow:

Step 1: Be patient: Give the seller a few minutes to check their bank account and confirm. They might be busy sometimes.

Step 2: Use the chat: Contact the seller through the Binance order chat. Send a screenshot of your receipt and a friendly message, such as: "Hi, I have sent the money. Can you please confirm?"

Step 3: Use the 'Appeal' button: If the order time expires and the seller has not responded, the 'Appeal' button will be activated. Click it immediately to open a case and have a Binance agent intervene to resolve it.

"Have you ever had a 'stuck' P2P transaction? What did you do at that moment?"
#P2P #p2ptransactions #Notcoin #ReglasBinance #SeguridadP2P