Currently, the most discussed name in the digital world is cryptocurrency. Many want to invest after seeing the soaring prices of Bitcoin or Ethereum, but in our country, many fall behind due to not knowing the proper rules.
In today's post, we will learn about the 3 easy steps for crypto investment from Bangladesh and some important warnings.
đ How to get started?
1. Creating a Binance account: Binance is the world's largest crypto exchange. First, download the app from the Play Store and verify it with your NID card (KYC). It is not safe to transact without a verified account.
2. Buying dollars (USDT) through P2P method: In Bangladesh, you cannot buy crypto directly with a bank card. Therefore, you have to use Binance's P2P (Peer-to-Peer) option. Here you can buy USDT from reliable sellers through bKash, Nagad, or Rocket. (1 USDT â 1 Dollar).
3. Buying your favorite coins: Once USDT is in your wallet, you can go to the 'Trade' option and use it to buy coins like Bitcoin (BTC), Ethereum (ETH), or Solana (SOL) and hold them.
â ī¸ What is essential to know before investing (Pro-Tips)
Legal warning: Cryptocurrency is not legal currency in Bangladesh. Therefore, refrain from using it for large transactions or illegal activities. In the case of personal small investments, the risk is yours.
Do not invest in a frenzy: Do not take loans to invest based on what others say. The crypto market is very volatile, so only invest what you can afford to lose.
Beware of scammers: Those who offer to "double your money" on Facebook or Telegram are 100% frauds. Do not give your account password or 'seed phrase' to anyone.
đĄ Our advice:
Learn first, then invest. Crypto is not about becoming rich overnight; rather, it is a long-term technological investment.
#CryptoBangladesh #Bitcoin #Binance #CryptoInvestment #Blockchai
Do you want to know which coins might be good for investment at this moment? Or do you have any questions about the security of Binance? You can let us know in the comments!
