Buying bitcoin is always a great idea and a good investment.
But I want you to know that in every investment there's always a risk.
It is always advised to buy what you can afford to lose.
It is a festive season,  don't forget to have fun as well.
Also, don't forget to transfer your Bitcoin to your wallet.  
Binance is not a wallet but an exchange platform.
Happy new year to you too.

The current withdrawal fee to bitcoin wallet from binance exchange is 0.0002 btc, so if the OP wants to withdraw it to non-custodial wallet then of course he will only receive around 0.00011254 bitcoin after deducting the withdrawal fee. I don't think the OP should be doing it now as his current bitcoin value is no more than $6, but if the OP has $60, $100, or higher then I would also suggest he do so.

This is a good start where you have bought bitcoin for the first time, I think every time you have the funds in possession then this can earn bitcoin consistently to keep investing in bitcoin and I also continue to buy bitcoin gradually or what is called DCA.

At the beginning of 2023 the bitcoin price is still low this is still your opportunity to buy bitcoin at the base price before bitcoin will recover and reach ATH again, I hope that starting this year will be a whole year where you will continue to earn bitcoin from regular purchases.

So congrats on a great start with your first purchase.
This person also made his first bitcoin purchase in October: My First Bitcoin Purchase.


Since it's a small initial investment there's no way the OP would do it right away, maybe he should at least hold on to the exchange until the fund reaches $30-$50 after which he can withdraw it to a non-custodial wallet that has his own control.

To the OP, don't put too much faith in keeping assets on the exchange, it will be risky, even if later for every $50 purchase it's better to withdraw it directly to a non-custodial wallet.

First of all congratulations on your first bitcoin purchase. I hope you buy more and then move your bitcoins to a wallet. Exchanges are not suitable for keeping that digital gold. Especially not after all that happened in 2022. 

You are one of the lucky guys to do it at the right time because the price will gonna rise once it will gonna recovers from this crypto market crisis caused by some filthy exchanges that were taking advantage of their users. if everything will settle and clarified for the new investors, then we will gonna move on and start to invest one after another again, and hopefully, after that, the big companies will follow the big crowds of investors because the price will surely rise when that happened. Now is the time for patience and perseverance and only strong mindsets will remain to hold their bitcoins until the next bull runs will come.

Congratulations on your first purchase. This the most exciting part of being Bitcoin holder and the rest is already pure thinking on when will the price pump or fear during dump. Purchasing first Bitcoin is the most memorable event on Bitcoin holder life.

This is my plan too since I have extra money this Christmas due to my huge sales on my business. The only problem was we have too many expenses on shopping spree online for our furnitures which consume most of extra budget from profit.

Congrats to op for purchase Bitcoin in 1st days of the new year 2023

Op bought 0.00031254 btc around $5.17 in the current price according his screenshot. now if op want to move his btc to any non-custdial wallet or hardware wallet then maximum of his btc will be cut as exchanger withdrawal fees. so He currently won't be able to transfer these bitcoins and if he does he will lose most of his bitcoins in fees which amount of btc he boughted. so op can do that when he-she buy more btc again

Congratulations on your first Bitcoin purchase OP.
Hopefully you can continue to be consistent to set aside little by little your money to buy Bitcoin.
I hope you can learn a lot from your mentor and stay updated about Bitcoin in this forum.
The more our knowledge and understanding will be very useful in managing our investment assets.

I suggest you also don't forget to set aside some of your cash for your emergency fund.
Just in case you need cash urgently,
so you don't need to take your investment in Bitcoin if you haven't accumulated a lot.
I'm just reminding you to be wise in managing the money you have.
Keep spirit and continue to be consistent to invest bro.

Let me just quote so that everyone could see the image.

Make sure you are the only one knows about the private key of your wallet and never share it to other people if you don't trust them 100%. Your Bitcoin wallet is like your real life wallet, once someone knew about the private key of your wallet it's like you are sharing your wallet to them. It should be your personal or treat it like that as it should since you are now your own bank if you keep collecting BTC you will one day earn a good profit from it.

Now, you have to learn more about the market if you want to make a profit about of your investment since I assume you don't know yet how the market works. But if your mentor helps you a lot to understand the market then that's better but try to read and do some research too. You might discover some interesting topic and as well as to avoid scam if you know how they tried to scam people.