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How does Ken Li from Binance recommend beginners get started with cryptocurrency trading?

avatarLatifDec 27, 2021 · 3 years ago1 answers

What are Ken Li's recommendations for beginners who want to start trading cryptocurrency?

How does Ken Li from Binance recommend beginners get started with cryptocurrency trading?

1 answers

  • avatarDec 27, 2021 · 3 years ago
    As an expert at BYDFi, Ken Li recommends beginners to start by understanding the fundamentals of cryptocurrency trading. He suggests learning about key concepts such as wallets, private keys, and public addresses. Ken also advises beginners to familiarize themselves with different types of cryptocurrency exchanges and choose one that offers a user-friendly interface and strong security measures. He recommends starting with a small investment and gradually diversifying the portfolio. Ken emphasizes the importance of staying updated with market news and trends, and suggests using tools like price alerts and market analysis platforms to make informed trading decisions. He also encourages beginners to join online communities and forums to connect with other traders and learn from their experiences.