$XRP | Nimra Sabir on Binance Square

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#OrderTypes101 These orders are executed instantly at the current market price, ensuring the order is filled quickly but potentially at a less favorable price than a limit order. Limit Orders: Traders specify a price at which they want to buy or sell, and the order is only executed if the market price reaches that level. Stop-Loss Orders: These orders are designed to limit potential losses by automatically selling an asset when the price drops to a specified level.

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#CEXvsDEX101 Here’s a simple comparison between CEX (Centralized Exchange) and DEX (Decentralized Exchange) along with a visual to help you understand the key differences. 📊 CEX vs DEX: Key Differences FeatureCentralized Exchange (CEX)Decentralized Exchange (DEX)ControlControlled by a central authorityUsers control their own fundsCustodyPlatform holds user fundsNon-custodial (user keeps keys)Ease of UseUser-friendly, easier for beginnersRequires more technical knowledgeSpeedFast transactionsMay be slower (depending on network)LiquidityHigh liquidityCan be lower, depending on usageSecurityProne to hacks if platform is compromisedSafer if smart contracts are secureKYC/AMLOften requiredUsually not requiredExamplesBinance, Coinbase, KrakenUniswap, PancakeSwap, SushiSwap 🖼️ Visual Representation Let me generate an image for you that illustrates the difference between CEX and DEX.

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#TradingTypes101 For the first topic of our Crypto Trading Fundamentals Deep Dive, let’s talk #TradingTypes101 . Understanding different trading types is the first step to building a well-informed strategy. Spot, Margin, and Futures trading each offer unique advantages and risks. Choosing the right one depends on your goals, experience, and risk appetite. 💬 Your post can include: · What are the key differences between Spot, Margin, and Futures trading? · When do you use the different types of trades? Which one do you use most and why? · What tips would you offer to beginners? 👉 Create a post with #TradingTypes101 and share your insights to earn Binance points! (Press the “+” on the App homepage and click on Task Center) 🔗 Full campaign details here.

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