Post
Topic
Board Trading Discussion
Re: What factors do you consider when opening a trade position?
by
X-ray
on 09/11/2024, 00:26:18 UTC
I'm just like you. When I first entered the crypto world, I immediately used Binance because I first researched good and safe exchangers, then learned about crypto and the features available on Binance, initially starting from spot, staking, joining the launchpad, NFT, mining, and up to Future. There are also other exchanges, it's just that I prefer Binance in many ways.

At first, I was often confused by its appearance, but over time I got used to it so that I learned technical, fundamental, risk management, and others. Finally, I can be comfortable with the Binance exchange. In essence, choosing an exchange is not really a matter of cheap fees or anything else, the most important thing is about our comfort in transacting and of course security. Although there is no safe exchange, we can see exchanges that are trusted by many people.
I don't know why but binance seem to just hit the sweet spot for newbie trader to try out crypto and once they've grown out of their newbie phase they already become accustomed to the binance's interface that it's hard to escape.
for me personally, I've been using binance for so long and I can say that the UI indeed just too familiar for me to switch to something else, but i'd say the learning curve for the other exchange's interface isn't that steep to begin with so it's not a problem at all.
the only weak point that binance is having though, always lists coin after the hype already hits, really hopeful that the exchange can be as fast as the lesser reputable exchange to list new trendy coin so we can profit while early.