7/22/2023 0 Comments Binance reddit![]() ![]() Once this period has passed, you will be able to freely withdraw your funds (or crypto equivalent). Wire deposits are generally exempt from this rule, but exceptions may apply. *Please note: This means that although you will be able to use your funds on the platform, you will not be able to withdraw the USD equivalent of this deposit (including the equivalent sum in crypto) for 7 days after initiating an ACH, Debit Card, or Apple Pay deposit. We will then charge the connected payment method within 2-7 business days from the original date of the transaction. This allows you to use your funds more quickly without having to wait the full amount of time for your funds to be settled. Happy trading! You can check out the full guide offers our users convenience by pre-crediting their account when they make an ACH, Debit Card, or Apple Pay deposit on our platform. If they were running a scam, “they would almost certainly end up in prison”. This hugely decreases investment risk, because their faces are publicly known. This is when team members publicly identify themselves via Instagram Live or YouTube videos. As long as the coin’s logo isn’t a stock photo and it has a catchy name that makes it more likely to take off, you should be OK.įinally, look for coins with a doxxed team. Don’t forget to make sure the coin is legit by checking whether it has an official website and Twitter account. “If it has a few hundred dollars or even only $5k or $7k, abort immediately.”Ī good number of transactions for a new coin should be about 5 – 10 per minute, suggests Hazelvelvet. ![]() Then, check the liquidity pool (the backbone of many decentralised exchanges) and make sure it’s $30k or more. According to Hazelvelvet, “a healthy new coin should have at least 200 – 300 holders. Once you’ve found a brand new coin via BscScan, check how many holders it has. First of all, start trading on the Binance Smart Chain, don’t invest more than $5 per coin in the first 1 – 2 months and be prepared to lose between $150 – 200 on your quest. And every solid project deserves a chance to grow.” So, according to Reddit, this is how you can separate the wheat from the chaff. “Every coin has to start with 0 holders. The Jordan Belfort-esque tone of the post continues, as Hazelvelvet assures us that, while they hate shitcoins too, not every new coin falls into that category. Yes, I have losses like everyone else, but usually I get out with very small losses compared to my gains.” But with every loss I learned something new and I’m now pretty good at it. In the beginning, while learning, I fell for all the scams just like everyone else. Hazelvelvet, the user who compiled it, makes an important disclaimer: “I trade small coins for a living. Luckily for us, Reddit has come to the rescue with a guide to spotting said shitcoins. Think of them as penny-stock cryptocurrencies. The catch, however, is that shitcoin currencies are often considered to be bad investments, because their prices are usually based on speculation. They’re often used to describe cryptocurrencies that were developed after bitcoins became popular, like Dogecoin or Shiba Inu coin. Basically, these terms refer to cryptocurrencies with little to no value, that have no immediate or discernible purpose.
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