Find the currency/pair you are interested in on the market, click on the sell option and select the "Stop Market" option in the same selection bubble as in the Print that I attached below 👇👇
In the example here, the currency $SOL was worth 1144.1 BRL, so in the "Stop(BRL)" selection bubble I could mark R$1,100.00 if that were the maximum loss amount that I would accept.
Then just select the amount of the currency that you intend to sell if the price drops to the value you chose. FOR EXAMPLE:
Instead of 100% of my currency, I can sell only 90% of the amount that I have if the value drops. But that's up to you 🫵
After that, just click on SELL and DONE! The transaction has been created order!
Would the Binance Card be too good? How does Binance REALLY make money from it? 🤔🤔
💳 I recently ordered my card and, talking to a friend, I saw that it ONLY HAS ADVANTAGES:
✅ Free and no annual fee; ✅ Offers cashback (in $BNB ); ✅ Allows automatic crypto conversion "at no cost" to pay for anything on Mastercard.
Since there are only positive points, I was pensive, after all, there is no free lunch. 😅
So, HOW DOES BINANCE MAKE MONEY FROM THIS? 💰💰
I went to research so as not to be surprised and discovered that the business model is quite clever. The profit comes from 3 fronts:
1. Interchange Fee: 🛍️ When we use the card, the merchant pays a fee to Mastercard and to Binance. Our cashback is, in fact, Binance returning part of what they have already earned from the merchant.
2. The "Spread": 🔄 The "at no cost" conversion? There is no explicit fee, but there is a spread. The "selling" quote of the crypto they use is a little lower than the "buying" price. This minimal difference x millions of transactions = profit. It’s an embedded cost.
3. Ecosystem: 🚀 It’s obvious if you stop to think... The card is the "glue" to keep us in the ecosystem. Want better cashback? You have to hold BNB (this creates demand for the token). Your cryptos stay on Binance (increasing liquidity). Recharge? Buy more crypto. And then they earn on trading fees (the main business).
Conclusion: 👍 The card is indeed very good and advantageous (no annual fee!). But Binance isn’t throwing away money. They earn from the merchant's fee, from the spread, and most importantly, in keeping us loyal and active on the platform.
You are comparing DAILY profits and losses (a sum of profits and losses over a 24h period) with the calculated min to min value changes that appear below.
BrùúHnoO
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I'm starting to find this Binance a bit strange, the coins increase in value, my profit is not the same now, profit is different coins 😒
In addition to being one of the fastest and most efficient blockchains, staking SOL provides extra security for the asset, which helps to retain investors in the long term.
We've seen Solana recover from heavy drops before, and with the market showing positive signs, I think it's quite possible that it will continue to rise. Of course, volatility always exists, but for those who think about the future, SOL continues to be an interesting bet.
In my personal opinion... The "I can't let FOMO guide my decisions" complex can be ignored here. Solana is worth it and a smart decision.