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CryptoXTimes > Article > News > Binance CEO Offers Crypto Beginners Essential Tips
NewsExchange News

Binance CEO Offers Crypto Beginners Essential Tips

Binance CEO advises new crypto users, Learn, research, start small, cautiously optimistic.

Aima Raza
Last updated: June 26, 2024 7:51 pm
Aima Raza 11 months ago
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Binance CEO Offers Crypto Beginners Essential Tips

Binance CEO Richard Teng recently talked about how to start using cryptocurrencies and gave advice to people who are new to the space.

From time to time, people ask me: “How can I start my crypto journey?”

Here are my 3 tips: 
1. Understand: Take the time to learn about blockchain, crypto, and other fundamentals.

2. Research: Explore different chains, protocols, and projects. Key here is to DYOR (Do Your Own…

— Richard Teng (@_RichardTeng) June 26, 2024

First, Teng emphasized how important it was to understand the basics of blockchain and crypto, telling possible investors to learn a lot.

Research And Binance Investment

The second thing he stressed was doing a lot of study. He told them to look into blockchain networks, protocols, and projects, with the main idea being “Do Your Own Research.”

Lastly, Teng said to start with small investments on trustworthy platforms and to gradually become more involved and improve your plan. 

Despite his position, Teng made it clear that his advice is not financial, but rather based on his years of experience.

Teng recently said that he was the most optimistic person in the market, citing the fact that the number of real stores accepting Bitcoin as proof.

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TAGGED: Binance
By Aima Raza
As a practicing lawyer who focuses on issues related to crypto and blockchain, Aima gives our content a unique legal viewpoint. Because she is so good at navigating the constantly changing regulatory environment, our readers always know about the latest regulations and happenings in the crypto world.
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