/biz/ - Business & Finance

Newfag General is for everyone new to crypto and /biz/ and for questions that don't deserve their own thread.
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>Guides

• Basic Terms you need to know: https://academy.binance.com/en/articles/12-terms-every-crypto-trader-should-know
• Full Guide to Markets & Trading: https://academy.binance.com/en/articles/a-complete-guide-to-cryptocurrency-trading-for-beginners
• Ways to store your crypto: https://www.investopedia.com/news/bitcoin-safe-storage-cold-wallet/

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>What are the first steps towards becoming a /biz/nessman and how to not be a retard

• Only invest what you can afford to lose
• Buy low, sell high
• Take profits if your investment is on a steep way up
• Always do your own research
• Learn basics of technical analysis
• Holding your coins is almost always more profitable than trading
• Lurk before posting
• Stick to the basic coins (BTC, ETH, LINK) before thinking about buying shitcoins
• Not your keys, not your wallet, not your coins
• Don't trade with leverage
• You can never leave /biz/, even if you make it

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>Which Exchange do I pick?

• Recommended CEX - Centralized Exchange(s)

‣ Binance
+ Biggest CEX, great liquidity
+ Very wide range of tools and functions
+ Decent Range of Coins
+ Low fees
- Range of tools confusing at the start
· Referral Code for lower fees: LCOH7XBD

‣ Coinbase
+ Beginner friendly
+ Easy to use
| Can upgrade to Coinbase Pro for more functions
- Works with Tax institutions (IRS etc.)
- Limited Choices of Coins

• Recommended DEX - Decentralized Exchange

‣ Uniswap
+ Biggest DEX, highest liquidity
+ Supports almost ALL ERC-20 Coins
+ Easy to use Interface
+ Uses your own wallet
- Only swaps your coins, almost no tools