Wich platform to invest in 1k?

afgan84

afgan84

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Hey guys
I want to invest $1k in buying BTC .
After making same search i find out that binance is a good one to use to buy crypto...
My questions is:
may I stock my BTC on binance wallet for long time? If yes is there any risk to get banned from the site?

Nb. I live in morocco and there are same platform that doesn't support my county like coinbase.

thanks in advance guys.

 
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afgan84 said:
Hey guys
I want to invest $1k in buying BTC .
After making same search i find out that binance is a good one to use to buy crypto...
My questions is:
may I stock my BTC on binance wallet for long time? If yes is there any risk to get banned from the site?

Nb. I live in morocco and there are same platform that doesn't support my county like coinbase.

thanks in advance guys.
Click to expand...
Binance is quite good. Better if you're a trader.

Though their security is quite good, if you're holding a large sum of crypto. Best to always invest in a hardware wallet.
 
No, don't store your coins on an exchange, some of them get hacked etc...but for that amount, it is okay
 
well, i never got ban or something so i guess it's safe
unless u're putting alot in there
 
Reinmder said:
No, don't store your coins on an exchange, some of them get hacked etc...but for that amount, it is okay
Click to expand...
Binance has SAFU fund, so if ever hacked they'll pay back all lost funds to customers.

BUT... if you're ever wanting to store BTC for long term, not trader, then should always store on hardware or Electrum wallet, and backup your seed phrase , store in multiple safe locations.
 
Binance is a good wallet. If you are planning to invest a lot more, best to use a hardware wallet.
 
Naughtyfatkid said:
Binance is quite good. Better if you're a trader.

Though their security is quite good, if you're holding a large sum of crypto. Best to always invest in a hardware wallet.
Click to expand...

Thank you for your reply.
What i don't understand is:
if buy now 1k BTC, on binance, then I can hold it on their trust wallet, is that right?
In this case, let say after holding this crypto until it is in profit, can I transfer it to an other wallet?
Thank you bro.
 
I would suggest you to use a paperwallet and not leave money on an exchange.
Don't got the private keys for a wallet - it's not really in your control that simple.
 
aspherixlol said:
well, i never got ban or something so i guess it's safe
unless u're putting alot in there
Click to expand...

We can hold our crypto that we bought on binance on trust wallet Wich is lied to binance? Or should I buy it exactly on trust wallet?
 
jasonforrest said:
Binance has SAFU fund, so if ever hacked they'll pay back all lost funds to customers.

BUT... if you're ever wanting to store BTC for long term, not trader, then should always store on hardware or Electrum wallet, and backup your seed phrase , store in multiple safe locations.
Click to expand...

In this case, i can store in later in an external software, after buying it on binance for example?
 
You can store in binancee, they won't ban you.
If you wnat to hold your coins for long term, then I suggest to find a platform which provides good staking interest rate and stake there. BTW, binance also offers staking, check once
 
afgan84 said:
We can hold our crypto that we bought on binance on trust wallet Wich is lied to binance? Or should I buy it exactly on trust wallet?
Click to expand...
not really expert on this, and im only holding 1k too, so i cant really answer this sorry
 
Invest in me :v

No, its not the time of the year for investments.
 
FatBee said:
Invest in me :v

No, its not the time of the year for investments.
Click to expand...
Can you develop your ideas please why isn't good time to buy BTC now?
 
afgan84 said:
Can you develop your ideas please why isn't good time to buy BTC now?
Click to expand...
if he is asking this questions, he is not a player and does not understand some basics.

The thing is, when BTC go up, everyone want to buy in and they fail and give up eventually.

The safest point for now is 25k, if you want to play the waves, 30k is ideal. So you can buy and trade whole day.
 
Just invest in yourself and only invest in this crypto stuff if you are willing to lose, a little investment here and there is ok but do not get carried away by the hype
 
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