Trying to invest in Binance

[piebeyb]

TRX and EOS are good enough than you take some other altcoins that don't really have a big community, unlike TRX and EOS are quite well-known and popular, I also use your way to invest little by little for my savings wallet, it's just that it is in your list I chose EOS and TRX, another one is IDENA, you can find the information in my signature, go find out more because this project is unique and different from others

[giammangiato]

I am not able to invest in binance in these days because they hava problems with my deposits by debit card. I have a problem with my surname. They are trying to solve the problem but at the moment I am out of investments.

[Crypto_lion]

Binance is a very good site for investing in crypto the demand for the currency you are investing in is very high there is no problem in adding other coins and it is possible to get more return on long term investment more convenient for newcomers. Investing in binance reduces the risk of loss and double the profit if the price goes up.

Vital of not storing the coin on any exchanges unless it is being held for short term perspective. Also coins like ETH, BNB are the ones which is always a good choice when it comes to investing in altcoins and few more which may differ from risk taking ability of each one. Diversifying at times is key so investing in this coin will always beneficial in the long run.

I think the kucoin hack as well as the other previous exchange proves that there is no guarantee that your tokens are safe as long as they are in the exchanges. The best investment when you are investing in crypto is to buy a hardware wallet to safely store your tokens.

[Kelvinid]

I am not able to invest in binance in these days because they hava problems with my deposits by debit card. I have a problem with my surname. They are trying to solve the problem but at the moment I am out of investments.

Have you raised this problem with their support team? I know that they are responsive enough to any queries and problems raise by their clients and investors. Binance is so concerned with their reputation, with this market competition it surely they will settle it down pretty quickly and find a way to help you out from that problem but I'm not sure if you been asking help from them.

[proTECH77]

It's better you invest your coins in a popular project that will give you a good profit any time than new project which is not too popular in the market. Sometimes, it is good to invest your coins with bitcoin which is always stable in the market than Binance which it take a long time to get a good reward.
If you want to hold your coin for future profit, i think Binance is good for that because is not to stable like bitcoin in the place of exchange. Bitcoin is more popular to investors compare to Binance which some investors are afraid of the new project in the market.

[budi691]

spreading lots of nets to get lots of fish is a good idea, but when buying lots of altcoins on a risky exchange it is better to focus on one coin, bitcoin is better but if bitcoin price is high for investing ethereum can be an alternative and TRX is also good for investment.

[Coroline]

I am not able to invest in binance in these days because they hava problems with my deposits by debit card. I have a problem with my surname. They are trying to solve the problem but at the moment I am out of investments.

It is highly recommended that we use the same real name and real address as the card, so that the verification process for incoming funds is processed faster.
There are so many cases of Credit Card data theft which of course this is detrimental to one party. The steps Binance take are right to avoid this, if you are the true owner of the card, your problem should be resolved sometime in the future.

[Tamim121]

Binance is an exchanger.  I can't find any reason to deposit altcoin in exchanger.  Because you know Kucoin was hacked some days ago.  You should keep Altcoin or Bitcoin in your own wallet. I think it will be good for you.

[Princejebs]

<After such a long time, I am busy in my real life because of Covid-19. I am trying to read the news here and find something that can help me make money.

So, I am trying to deposit some money to binance and buy the coin as my investment. Here is the list:

TRX, LOOM, TROY, KAVA, EOS, ONT.

The biggest allocation of my money was in TRX.>

I can see that you are an enthusiast in crypto, you are really passionate about the whole field. Binance is a good centralized exchange to begin with, good features, friendly user interface, responsive customer support and many giveaway activities for their customers, however, I want to share you my own personal experience, not a financial advice though.
Around January, the Iran and USA mini online threat about war made Gold and Bitcoin in excitement including some Alts. I bought $1k bnb around $17/bnb, I watch my portfolio 0.5X ROI and I refused to take profit, I was hoping for more profit thinking the market will make a new all time high but the pandemic fear turn the market wave in opposite direction leaving me with big loss.
What am I saying, take your profit while you can, the market especially Altcoins can never be in excitement forever. I like the way you want to diversify your portfolio but 2 - 4 is okay, the rest aren't necessary.

Don't forget risk management buddy. Good luck

[bitcon]

I think the coin you choose for investment is good, but I think BNB also needs to be considered or included in your investment list for the long term and you don't need to wait long term when the price goes up, sell it and wait for the price to fall to buy back.

Binance hodlers are doing the right thing. BNB is an alternative investment tool that is definitely worth including in a cryptocurrency portfolio. Sell deals here might be suitable for short-term strategies, because as all people that deal with virtual currencies know that the technical correction is inevitable.

[irixo10]

It is good you want to diversify and hold many altcoins but the question is, are you ready to follow up the project's development? To the best of my knowledge, swapping seems to have changed the idea behind holding of most altcoins. That is, some altcoins might be based on Ethereum blockchain and then decides to move to another blockchain for one reason or the other or to their own blockchain, and once swapping is done, anyone who wasn't able to swap will be stuck to the old token meaning his investment is gone. So you can see, this is really a tough one. But if you are capable of following all the altcoins you ever want to invest in then go head.
On the other hand, why not limiting the number of altcoins you invest in, just find those that are inline with what you want and invest in them, others can be for short term gains. TRX is one of such coins which gives profits once in a while because of its CEO, Tezos is another which I believe is good, as for the rest I have no information about them.

[tvplus006]

Binance is an exchanger.  I can't find any reason to deposit altcoin in exchanger.  Because you know Kucoin was hacked some days ago.  You should keep Altcoin or Bitcoin in your own wallet. I think it will be good for you.

Of course, cryptocurrency that is not used for trading should be stored on your cold wallet.But we remember that Binance was also hacked earlier, but they fully compensated for all the losses of participants. And after that, they got more confidence from traders. So today Binance is a great exchange.

[Johnyz]

Binance is an exchanger.  I can't find any reason to deposit altcoin in exchanger.  Because you know Kucoin was hacked some days ago.  You should keep Altcoin or Bitcoin in your own wallet. I think it will be good for you.

Of course, cryptocurrency that is not used for trading should be stored on your cold wallet.But we remember that Binance was also hacked earlier, but they fully compensated for all the losses of participants. And after that, they got more confidence from traders. So today Binance is a great exchange.

There is no doubt about the legality of Binance and yes they care about their reputation so we can trade with confidence under Binance, but if you don’t want to trade then store it on your own wallet simple as that.

Anyway, aside from TRX I think the tokens listed about still need to improve and if you are going to search more about the good tokens on Binance you can have many options. Know their activity, the 24/7 volume and see if you can earn profit with those tokens don’t settle for that tokens above.

[tabas]

Don't diversify with too many altcoins.

Diversifying funds is the safest way if you want to minimize loss to your portfolio. The only problem is the altcoin that you will add to your portfolio.

It is a good strategy but my concern is that if you that too much and you are too conscious about it, the more you're likely to lose instead of balancing your portfolio. I was once this type of person but managed to learn from my experience and minimized my diversifying power to my portfolios.

Great!
Good luck with those staking that you're doing. With all of those altcoins that you have mentioned, I think the best of them would be these two coins.

• Tezos
• Neo

They'll also allow you to earn passively.

Yes.
I am thinking about earn passively, and I can wait for a long term
I will decide later which one that I will buy because both coins is good. But I think I will choose Tezos because the percentage is bigger than Neo, and to earn rewards from Tezos will only need 1 Tezos. Thank you for your suggestion.

NP!
Good luck to your choice with Tezos as those are just my opinion and not a financial advise.

[tanjiran]

It's not recommended to save all your money on exchange for long period of time, if you could you can buy hardware wallet. I personally don't know about most of the altcoin that you mention, TRX and EOS are good investment i think. but i will not suggest you to hold many altcoin. instead if i were you i will sell all those coin and buy some ETH,TRX and BNB or buy more BTC.

That's very wise advice. Storing assets in an exchange wallet are very risky, moreover, hackers will definitely make it a target. Some time ago there was a hacking case on Kucoin, hopefully, this can be a lesson for us to choose a true professional and responsible exchange if there is a hack like that. Well, it would be better if you use a personal wallet such as a hardware wallet, the security is better.
If you want to invest in an exchange, yield farming is now popular, and one of the highlights related to Binance is pancakes, just give it a try. DWYOR

[Hippocrypto]

spreading lots of nets to get lots of fish is a good idea, but when buying lots of altcoins on a risky exchange it is better to focus on one coin, bitcoin is better but if bitcoin price is high for investing ethereum can be an alternative and TRX is also good for investment.

With TRX as our investment, I am highly recommending this one because the price for the maintime was very low. By the time it will reach the limelight, this one will surprise everyone around the world. The very important thing about this coin, is that accumulating our wallet before it's too late. Pressures and regrets will not give us signs, but we should prevent that kind of scenario and act quickly before everything is finally set.

[Danslip]

spreading lots of nets to get lots of fish is a good idea, but when buying lots of altcoins on a risky exchange it is better to focus on one coin, bitcoin is better but if bitcoin price is high for investing ethereum can be an alternative and TRX is also good for investment.

With TRX as our investment, I am highly recommending this one because the price for the maintime was very low. By the time it will reach the limelight, this one will surprise everyone around the world. The very important thing about this coin, is that accumulating our wallet before it's too late. Pressures and regrets will not give us signs, but we should prevent that kind of scenario and act quickly before everything is finally set.

Buying a lots of tokens is not called investment and I suggest avoiding doing so. The pressure from the losing investment will force the investor to rethink his investment plans and the TRX investors are not an exception. TRX and XRP are both high supply altcoins and investing in the low marketcap altcoins will be better investment due to the high ROI.

Binance is an exchanger.  I can't find any reason to deposit altcoin in exchanger.  Because you know Kucoin was hacked some days ago.  You should keep Altcoin or Bitcoin in your own wallet. I think it will be good for you.

Of course, cryptocurrency that is not used for trading should be stored on your cold wallet.But we remember that Binance was also hacked earlier, but they fully compensated for all the losses of participants. And after that, they got more confidence from traders. So today Binance is a great exchange.

This risk is always actual, instead of storing in the exchanges buying a cold wallet is the feasible solution against the hack. The DEXs are my choice and I prefer to avoid the centralized exchanges unless the token is not listed on the decentralized exchanges.

[rahmat86]

I think for investing in buying coins, we must know the right momentum otherwise we will experience losses. the coins you mention are good coins but remember the average altcoin follows the trend of bitcoin. If you are good at reading technical charts I think you can trade in binance futures

[jrrsparkles]

You mean staking or just buying the coins and hold them for long term? You can buy the coins for holding purpose on any exchange which is more convenient for you and not all the coins have staking features as far as I know if you are talking about staking here.

I don't see bitcoin, ethereum, Monero and few other major coins in your portfolio.Dont just focus on the price better invest in the good project no matter what is the current price when you are going to be a long term investor.

[Strongkored]

TRX, LOOM, TROY, KAVA, EOS, ONT.

With that list TROY is most high estimated annual yield, beside the return you should take a look at the development project too, since you are long term investment and put the token on staking follow project update is a must, otherwise the first target to multiplying coins and profiting from it would end up in huge losses.