CryptoFee101
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I've seen countless individuals stumble due to a lack of understanding about crypto fees. It's not just about buying low and selling high; it's about minimizing the often-overlooked costs that eat into your profits. #CryptoFees101 rundown:
1. Network Fees (Gas Fees): These are the tolls you pay to the decentralized network (miners/validators) to process your transactions. Think of them as the "gas" for your crypto car. They fluctuate wildly with network congestion – a busy Ethereum network means higher gas fees.
2. Exchange Fees: Centralized exchanges charge for their services. These include:
- Trading Fees (Maker/Taker): A percentage of your trade, often lower for "makers" who add liquidity (limit orders) and higher for "takers" who remove it (market orders).
- Withdrawal Fees: A flat fee or network fee equivalent for moving crypto off the exchange.
- Deposit Fees: Less common, but some platforms might charge.
Slippage: This often-ignored "fee" occurs in volatile markets when your order executes at a different price than expected due to rapid price changes. It's the difference between your desired price and the actual fill price.
My Advice: To truly thrive, actively manage these costs. Use Layer 2 solutions for cheaper transactions, trade during off-peak hours, utilize limit orders, and choose exchanges with transparent, competitive fee structures. Remember, every satoshi saved is a satoshi earned!
#CryptoFee101
1. Network Fees (Gas Fees): These are the tolls you pay to the decentralized network (miners/validators) to process your transactions. Think of them as the "gas" for your crypto car. They fluctuate wildly with network congestion – a busy Ethereum network means higher gas fees.
2. Exchange Fees: Centralized exchanges charge for their services. These include:
- Trading Fees (Maker/Taker): A percentage of your trade, often lower for "makers" who add liquidity (limit orders) and higher for "takers" who remove it (market orders).
- Withdrawal Fees: A flat fee or network fee equivalent for moving crypto off the exchange.
- Deposit Fees: Less common, but some platforms might charge.
Slippage: This often-ignored "fee" occurs in volatile markets when your order executes at a different price than expected due to rapid price changes. It's the difference between your desired price and the actual fill price.
My Advice: To truly thrive, actively manage these costs. Use Layer 2 solutions for cheaper transactions, trade during off-peak hours, utilize limit orders, and choose exchanges with transparent, competitive fee structures. Remember, every satoshi saved is a satoshi earned!
#CryptoFee101
$BNB
$BTC
*Crypto Fees 101: Understanding the Costs 💸*
- *What are crypto fees?* Fees paid to miners or validators for processing transactions on a blockchain ⛏️
- *Types of fees:*
- Transaction fees 💰
- Network fees 🌐
- Exchange fees 📊
- *Factors affecting fees:*
- Network congestion 🚧
- Transaction size 📈
- Priority level ⏱️
- *Tips:*
- Choose the right network 🌟
- Optimize transaction timing ⏰
- Compare exchange fees 📊
Understanding crypto fees can help you save money and navigate the crypto space more efficiently!
$BTC
*Crypto Fees 101: Understanding the Costs 💸*
- *What are crypto fees?* Fees paid to miners or validators for processing transactions on a blockchain ⛏️
- *Types of fees:*
- Transaction fees 💰
- Network fees 🌐
- Exchange fees 📊
- *Factors affecting fees:*
- Network congestion 🚧
- Transaction size 📈
- Priority level ⏱️
- *Tips:*
- Choose the right network 🌟
- Optimize transaction timing ⏰
- Compare exchange fees 📊
Understanding crypto fees can help you save money and navigate the crypto space more efficiently!
#CryptoFees101
Stay Safe While Chasing Crypto Airdrops
1. DYOR (Do Your Own Research):
Only join airdrops from reputable projects. Verify official channels (e.g., website, X, Discord, Telegram).
2. Never Share Private Keys or Seed Phrases:
Legit airdrops NEVER ask for this info. If they do, it’s a scam.
3. Use a Separate Wallet:
Create a dedicated wallet just for airdrops to isolate risk.
4. Avoid Connecting Wallets to Unknown DApps:
Only connect your wallet to trusted platforms. Fake airdrop pages often try to drain your assets.
5. Be Wary of Gas Fees:
If airdrops ask for gas fees upfront or “activation fees,” it’s likely a scam.
6. Don't Download Unknown Files or Apps:
Malware and phishing kits often masquerade as "claim tools."
7. Watch Out for Impersonators:
Scammers copy official accounts. Look for verification and check follower count and engagement.
8. Stay Updated:
Follow known security channels or communities that report scams and phishing sites.
9. Use a Reputable Portfolio Tracker:
Helps you spot suspicious tokens dropped into your wallet (e.g., honeypots or dusting attacks).
10. Trust Your Instincts:
If it feels off, it probably is. Don’t let greed override caution.
Stay Safe While Chasing Crypto Airdrops
1. DYOR (Do Your Own Research):
Only join airdrops from reputable projects. Verify official channels (e.g., website, X, Discord, Telegram).
2. Never Share Private Keys or Seed Phrases:
Legit airdrops NEVER ask for this info. If they do, it’s a scam.
3. Use a Separate Wallet:
Create a dedicated wallet just for airdrops to isolate risk.
4. Avoid Connecting Wallets to Unknown DApps:
Only connect your wallet to trusted platforms. Fake airdrop pages often try to drain your assets.
5. Be Wary of Gas Fees:
If airdrops ask for gas fees upfront or “activation fees,” it’s likely a scam.
6. Don't Download Unknown Files or Apps:
Malware and phishing kits often masquerade as "claim tools."
7. Watch Out for Impersonators:
Scammers copy official accounts. Look for verification and check follower count and engagement.
8. Stay Updated:
Follow known security channels or communities that report scams and phishing sites.
9. Use a Reputable Portfolio Tracker:
Helps you spot suspicious tokens dropped into your wallet (e.g., honeypots or dusting attacks).
10. Trust Your Instincts:
If it feels off, it probably is. Don’t let greed override caution.
See original
#Bitcoin
After the magnificent cleaning of the LONG SLs, the $BTC quickly recovered from the drop of the previous day!
Bravo to all those who managed to LONG as it was a delight!
Now it’s pretty simple to understand. We absolutely need to break through the $106,600 to break the short-term bearish trend. Then, the Bulls will return with even more confidence and therefore more strength.
And if we don’t make it, the door to $100,000 remains wide open so be careful.
Personally, I will continue to LONG but aggressively because I am not yet confident.
Another thing. If we DIP over the weekend, I will surely LONG to play a CME GAP as I love to do so I will keep you updated.$USDC
#BigTechStablecoins #CryptoFee101
After the magnificent cleaning of the LONG SLs, the $BTC quickly recovered from the drop of the previous day!
Bravo to all those who managed to LONG as it was a delight!
Now it’s pretty simple to understand. We absolutely need to break through the $106,600 to break the short-term bearish trend. Then, the Bulls will return with even more confidence and therefore more strength.
And if we don’t make it, the door to $100,000 remains wide open so be careful.
Personally, I will continue to LONG but aggressively because I am not yet confident.
Another thing. If we DIP over the weekend, I will surely LONG to play a CME GAP as I love to do so I will keep you updated.$USDC
#BigTechStablecoins #CryptoFee101
#CryptoFee101
Cryptocurrency trading fees are charges imposed by exchanges when users buy, sell, or trade digital assets on their platforms. These fees serve as a primary source of revenue for the exchanges. They are typically applied to both fiat to crypto and crypto to crypto transactions.
Cryptocurrency trading fees are charges imposed by exchanges when users buy, sell, or trade digital assets on their platforms. These fees serve as a primary source of revenue for the exchanges. They are typically applied to both fiat to crypto and crypto to crypto transactions.
#CryptoFee101 : Understanding Binance Fees 💸
Before your next trade, know what you're paying! 🧾 Binance charges:
🔹 Spot Trading: 0.1% per trade
🔹 Futures: Maker: 0.02% | Taker: 0.04%
🔹 Withdrawals: Vary by coin 🔄
💡 Use BNB to pay fees and save 25%!
Fees may drop with higher volume or VIP status 🚀
Avoid surprises—check the Fee Schedule in your account settings.
Smart traders watch their costs. Now you can too. ✅
📈 Trade smart. Save more.
#Binance #CryptoFees #CryptoTrading #DeFiTips
$BNB
$BTC
Before your next trade, know what you're paying! 🧾 Binance charges:
🔹 Spot Trading: 0.1% per trade
🔹 Futures: Maker: 0.02% | Taker: 0.04%
🔹 Withdrawals: Vary by coin 🔄
💡 Use BNB to pay fees and save 25%!
Fees may drop with higher volume or VIP status 🚀
Avoid surprises—check the Fee Schedule in your account settings.
Smart traders watch their costs. Now you can too. ✅
📈 Trade smart. Save more.
#Binance #CryptoFees #CryptoTrading #DeFiTips
$BNB
$BTC
**CryptoFee101: Understanding Transaction Costs**
Navigating the world of cryptocurrencies requires more than just buying and selling; it’s crucial to understand the fees involved. CryptoFee101 offers a clear overview of transaction costs in the crypto space. When you send or receive digital assets, transaction fees — often called 'gas' or 'network fees' — are essential to process your transactions on blockchain networks like Bitcoin or Ethereum.
These fees vary based on network congestion and transaction complexity. For instance, during high traffic periods, fees spike, making transactions more expensive. Conversely, lower activity times generally offer cheaper costs. Wallet providers and exchanges may also charge additional service fees, adding to your overall costs.
Being aware of fees helps you optimize transactions—such as consolidating smaller transfers or timing transactions during off-peak hours. This knowledge not only saves money but improves your trading efficiency.
CryptoFee101 aims to simplify these concepts, empowering users to make informed financial decisions. Stay informed, manage your costs wisely, and maximize your crypto experience!
#CryptoFee101
Navigating the world of cryptocurrencies requires more than just buying and selling; it’s crucial to understand the fees involved. CryptoFee101 offers a clear overview of transaction costs in the crypto space. When you send or receive digital assets, transaction fees — often called 'gas' or 'network fees' — are essential to process your transactions on blockchain networks like Bitcoin or Ethereum.
These fees vary based on network congestion and transaction complexity. For instance, during high traffic periods, fees spike, making transactions more expensive. Conversely, lower activity times generally offer cheaper costs. Wallet providers and exchanges may also charge additional service fees, adding to your overall costs.
Being aware of fees helps you optimize transactions—such as consolidating smaller transfers or timing transactions during off-peak hours. This knowledge not only saves money but improves your trading efficiency.
CryptoFee101 aims to simplify these concepts, empowering users to make informed financial decisions. Stay informed, manage your costs wisely, and maximize your crypto experience!
#CryptoFee101
Demystifying #CryptoFee101 : Understanding What You Pay For
#CryptoFee101
Ever wondered why some crypto transactions cost more than others? Or why your transfer sometimes takes longer? It all comes down to crypto fees, a fundamental aspect of how decentralized networks operate. Understanding fees is crucial for every user, whether you're a seasoned trader or just starting your crypto journey.
What are Crypto Fees?
At its core, a crypto fee is a small charge you pay to the network to process and validate your transaction. These fees compensate:
Miners/Validators: These are the backbone of the network, dedicating computational power or staking capital to confirm transactions and secure the blockchain. Your fee is their reward for this work.
Network Congestion: When a blockchain network is busy with many transactions, the "demand" for transaction space increases, often leading to higher fees as users "bid" for faster inclusion in the next block.
Key Types of Fees You'll Encounter:
Transaction Fees (Gas Fees on Ethereum): This is the most common type. It's the cost of sending crypto from one wallet to another, or interacting with smart contracts (like on Ethereum, where it's called "gas"). These fees vary based on:
Network Congestion: High traffic = higher fees.
Transaction Complexity: Simple transfers are cheaper than complex smart contract interactions.
Network Design: Different blockchains have different fee structures (e.g., Bitcoin's fees are based on data size, Ethereum's on computational "gas" units).
Exchange Trading Fees: When you buy or sell crypto on an exchange like Binance, you'll typically pay a small percentage of the trade value. These fees compensate the exchange for providing liquidity, security, and a user-friendly trading platform. Many exchanges offer tiered fees based on trading volume or holding their native token (e.g., BNB on Binance).
Withdrawal Fees: When you move crypto from an exchange to an external wallet, the exchange often charges a withdrawal fee. This covers the network transaction fee plus a small administrative cost for the exchange.
Ever wondered why some crypto transactions cost more than others? Or why your transfer sometimes takes longer? It all comes down to crypto fees, a fundamental aspect of how decentralized networks operate. Understanding fees is crucial for every user, whether you're a seasoned trader or just starting your crypto journey.
What are Crypto Fees?
At its core, a crypto fee is a small charge you pay to the network to process and validate your transaction. These fees compensate:
Miners/Validators: These are the backbone of the network, dedicating computational power or staking capital to confirm transactions and secure the blockchain. Your fee is their reward for this work.
Network Congestion: When a blockchain network is busy with many transactions, the "demand" for transaction space increases, often leading to higher fees as users "bid" for faster inclusion in the next block.
Key Types of Fees You'll Encounter:
Transaction Fees (Gas Fees on Ethereum): This is the most common type. It's the cost of sending crypto from one wallet to another, or interacting with smart contracts (like on Ethereum, where it's called "gas"). These fees vary based on:
Network Congestion: High traffic = higher fees.
Transaction Complexity: Simple transfers are cheaper than complex smart contract interactions.
Network Design: Different blockchains have different fee structures (e.g., Bitcoin's fees are based on data size, Ethereum's on computational "gas" units).
Exchange Trading Fees: When you buy or sell crypto on an exchange like Binance, you'll typically pay a small percentage of the trade value. These fees compensate the exchange for providing liquidity, security, and a user-friendly trading platform. Many exchanges offer tiered fees based on trading volume or holding their native token (e.g., BNB on Binance).
Withdrawal Fees: When you move crypto from an exchange to an external wallet, the exchange often charges a withdrawal fee. This covers the network transaction fee plus a small administrative cost for the exchange.
My New future trade volume, Please every one pray for me.........🥺y#Cryptochart101 #CryptoFee101 #TradingPaire101
B
SOLUSDT
Perp
Closed
PNL
+4.86USDT
$ETH CryptoFee101: Understanding Transaction Costs**
Navigating the world of cryptocurrencies requires more than just buying and selling; it’s crucial to understand the fees involved. CryptoFee101 offers a clear overview of transaction costs in the crypto space. When you send or receive digital assets, transaction fees — often called 'gas' or 'network fees' — are essential to process your transactions on blockchain networks like Bitcoin or Ethereum.
These fees vary based on network congestion and transaction complexity. For instance, during high traffic periods, fees spike, making transactions more expensive. Conversely, lower activity times generally offer cheaper costs. Wallet providers and exchanges may also charge additional service fees, adding to your overall costs.
Being aware of fees helps you optimize transactions—such as consolidating smaller transfers or timing transactions during off-peak hours. This knowledge not only saves money but improves your trading efficiency.
CryptoFee101 aims to simplify these concepts, empowering users to make informed financial decisions. Stay informed, manage your costs wisely, and maximize your crypto experience!
#CryptoFee101
Navigating the world of cryptocurrencies requires more than just buying and selling; it’s crucial to understand the fees involved. CryptoFee101 offers a clear overview of transaction costs in the crypto space. When you send or receive digital assets, transaction fees — often called 'gas' or 'network fees' — are essential to process your transactions on blockchain networks like Bitcoin or Ethereum.
These fees vary based on network congestion and transaction complexity. For instance, during high traffic periods, fees spike, making transactions more expensive. Conversely, lower activity times generally offer cheaper costs. Wallet providers and exchanges may also charge additional service fees, adding to your overall costs.
Being aware of fees helps you optimize transactions—such as consolidating smaller transfers or timing transactions during off-peak hours. This knowledge not only saves money but improves your trading efficiency.
CryptoFee101 aims to simplify these concepts, empowering users to make informed financial decisions. Stay informed, manage your costs wisely, and maximize your crypto experience!
#CryptoFee101
#CryptoFees101
Crypto fees ko samajhna zaroori hai kyunki yeh aapki profits ko directly impact karti hain. Yeh kuch important points hain jo aapko crypto fees ke bare mein jaanne chahiye
#cryptofee101 *#Crypto Fees Ke Types:*
- *Maker Fees*: Jab aap exchange par order book mein liquidity add karte hain.
- *#cryptofee101 Taker Fees*: Jab aap existing order ko match karke liquidity remove karte hain.
- #cryptofee101 *Gas Fees*: Blockchain transactions ko process karne ke liye miners ko dene wale fees.
- *#cryptofee101 Withdrawal Fees*: Jab aap crypto ko apne wallet mein transfer karte hain.
*Crypto Fees Ko Kam Karne Ke Tips:*
- *BNB*: Binance par BNB token hold karke fees mein 25% ki chhoot pa sakte hain.
- *VIP Levels*: Binance par VIP levels ko upgrade karke fees ko kam kar sakte hain.
- *Binance Spot*: Spot trading par fees kam hote hain compared to Convert.
- *Network Selection*: Withdrawal fees ko kam karne ke liye sahi network select karein, jaise BEP-20 instead of ERC-20.
*Additional Tips:*
- *Scalpers*: BNB/USDT pair par trade karein jisme fees kam hote hain (0.075%).
- *Investors*: Large orders ke liye OTC use karein jisme fees kam hote hain (-0.05%).
- *Arbitrageurs*: Different networks par fees compare karein, jaise TRC-20 vs Polygon ¹.
Crypto fees ko samajhna zaroori hai kyunki yeh aapki profits ko directly impact karti hain. Yeh kuch important points hain jo aapko crypto fees ke bare mein jaanne chahiye
#cryptofee101 *#Crypto Fees Ke Types:*
- *Maker Fees*: Jab aap exchange par order book mein liquidity add karte hain.
- *#cryptofee101 Taker Fees*: Jab aap existing order ko match karke liquidity remove karte hain.
- #cryptofee101 *Gas Fees*: Blockchain transactions ko process karne ke liye miners ko dene wale fees.
- *#cryptofee101 Withdrawal Fees*: Jab aap crypto ko apne wallet mein transfer karte hain.
*Crypto Fees Ko Kam Karne Ke Tips:*
- *BNB*: Binance par BNB token hold karke fees mein 25% ki chhoot pa sakte hain.
- *VIP Levels*: Binance par VIP levels ko upgrade karke fees ko kam kar sakte hain.
- *Binance Spot*: Spot trading par fees kam hote hain compared to Convert.
- *Network Selection*: Withdrawal fees ko kam karne ke liye sahi network select karein, jaise BEP-20 instead of ERC-20.
*Additional Tips:*
- *Scalpers*: BNB/USDT pair par trade karein jisme fees kam hote hain (0.075%).
- *Investors*: Large orders ke liye OTC use karein jisme fees kam hote hain (-0.05%).
- *Arbitrageurs*: Different networks par fees compare karein, jaise TRC-20 vs Polygon ¹.
Eid al-Adha Mubarak!
May this blessed occasion bring peace, joy, and countless blessings to you and your family. May your sacrifices be accepted, your prayers answered, and your heart filled with gratitude and love.
Wishing you a joyous and peaceful Eid! 🌙✨
#CryptoFee101
#Dogecoin
#BNB_Market_Update
May this blessed occasion bring peace, joy, and countless blessings to you and your family. May your sacrifices be accepted, your prayers answered, and your heart filled with gratitude and love.
Wishing you a joyous and peaceful Eid! 🌙✨
#CryptoFee101
#Dogecoin
#BNB_Market_Update
See original
What is Legacoin!!!
In a cryptocurrency world filled with innovation and drama, Legacoin ($LLJEFFY) has emerged as one of the meme coins capturing the attention of the crypto community, especially on platforms like Solana. With an unusual narrative and strong sentiment on social media, $LLJEFFY has become a hot topic. This article will delve into what Legacoin $LLJEFFY is, its history, future potential, and the dynamics that make it stand out in the competitive crypto market.
What is Legacoin $LLJEFFY?
Legacoin ($LLJEFFY) is a meme coin based on the Solana blockchain, known for its transaction speed and low fees. The name $LLJEFFY is inspired by Jeffy Yu, a figure at the center of a controversial story in the crypto community. According to some posts on X, $LLJEFFY is described as a 'legacy coin' inspired by memes, with an emotional narrative related to Jeffy Yu's story, including speculation surrounding the 'fake death' that triggered significant price volatility.
What is Legacoin $LLJEFFY?
Legacoin ($LLJEFFY) is a meme coin based on the Solana blockchain, known for its transaction speed and low fees. The name $LLJEFFY is inspired by Jeffy Yu, a figure at the center of a controversial story in the crypto community. According to some posts on X, $LLJEFFY is described as a 'legacy coin' inspired by memes, with an emotional narrative related to Jeffy Yu's story, including speculation surrounding the 'fake death' that triggered significant price volatility.
#CryptoFee101 🚀 Earn FREE USDC by Writing – No Investment Needed!
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Why scroll endlessly when you can turn your ideas into real income? Whether you're a student, a creative thinker, a crypto enthusiast, or simply someone with something to say — this opportunity is made for you.
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✍️ Why Join?
✅ Absolutely free – No fees, no hidden charges ✅ Pick your passion – Write about crypto, trading, tech, lifestyle & more ✅ Beginner-friendly – No experience required ✅ Direct USDC payouts – Straight to your crypto wallet
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🎯 “Earn while you learn” isn’t a dream — it’s real, and it’s happening now.
💡 Start today, grow your skills, and get paid for every word you write.
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**📉 Crypto Markets Dip Despite Positive Macro News – Key Takeaways**
### **🔍 What Happened?**
- **CPI Data Soft (2.4% vs. 2.5% expected)** → Fed rate cut odds **still at 61% for Sept**
- **U.S.-China Trade Deal Announced** – Yet **BTC, ETH, DOGE fell**
- **Liquidations:** $293M wiped (mostly longs) – **BTC slipped to $108K**
### **📊 Market Snapshot**
- **BTC Dominance:** 63.3% | **ETH Dominance:** 9.8% (3-month high)
- **Fear & Greed Index:** Still "Greed" (bullish retail sentiment)
- **Stocks Mixed:** S&P -0.27%, Nasdaq -0.50%
### **⚠️ Critical BTC Levels (Ali Martinez Alert)**
✅ **Hold $108,300** → Bullish momentum intact #crytofees101
❌ **Lose $108K** → Risk of drop to **$107,000**
### **💡 Why the Pullback?**
- **Profit-taking** after CPI/trade deal hype
- **Binance traders net short** (Long/Short ratio skewed)
- **Open Interest down 1.6%** – Weak futures demand
### **🚀 What’s Next?**
- **BTC needs to reclaim $110K** to resume uptrend
- **ETH strength continues** – Dominance rising
- **Retail FOMO growing** (Most bullish sentiment since Nov 2024)
**👇 Will BTC Rebound or Drop Further?**
🔥 **Like = Bounce to $112K**
💢 **Comment = Fall to $105K**
**#Bitcoin #E#CryptoFee101 thereum #CPI #Trading** *(Sources: Santiment, CME FedWatch)*
---
**💡 Pro Tip:** Watch **Fed speakers & BTC OI shifts** for next directional cue!
### **🔍 What Happened?**
- **CPI Data Soft (2.4% vs. 2.5% expected)** → Fed rate cut odds **still at 61% for Sept**
- **U.S.-China Trade Deal Announced** – Yet **BTC, ETH, DOGE fell**
- **Liquidations:** $293M wiped (mostly longs) – **BTC slipped to $108K**
### **📊 Market Snapshot**
- **BTC Dominance:** 63.3% | **ETH Dominance:** 9.8% (3-month high)
- **Fear & Greed Index:** Still "Greed" (bullish retail sentiment)
- **Stocks Mixed:** S&P -0.27%, Nasdaq -0.50%
### **⚠️ Critical BTC Levels (Ali Martinez Alert)**
✅ **Hold $108,300** → Bullish momentum intact #crytofees101
❌ **Lose $108K** → Risk of drop to **$107,000**
### **💡 Why the Pullback?**
- **Profit-taking** after CPI/trade deal hype
- **Binance traders net short** (Long/Short ratio skewed)
- **Open Interest down 1.6%** – Weak futures demand
### **🚀 What’s Next?**
- **BTC needs to reclaim $110K** to resume uptrend
- **ETH strength continues** – Dominance rising
- **Retail FOMO growing** (Most bullish sentiment since Nov 2024)
**👇 Will BTC Rebound or Drop Further?**
🔥 **Like = Bounce to $112K**
💢 **Comment = Fall to $105K**
**#Bitcoin #E#CryptoFee101 thereum #CPI #Trading** *(Sources: Santiment, CME FedWatch)*
---
**💡 Pro Tip:** Watch **Fed speakers & BTC OI shifts** for next directional cue!
For the second topic of our Crypto Trading Fundamentals Deep Dive, let’s talk #CEXvsDEX101 .
Choosing between Centralized and Decentralized Exchanges is a key decision for any crypto trader. Each comes with trade-offs in terms of security, user experience, liquidity, and control. Knowing when to use which is an essential part of risk-aware trading.
💬 Your post can include:
· In your experience, what are the pros and cons of CEXs vs DEXs?
· Which do you prefer and in what situations?
· What do you consider when choosing between a CEX and DEX?
· What advice would you give to someone using a DEX for the first time?
👉 Create a post with #CryptoFee101 and share your insights to earn Binance points! (Press the “+” on the App homepage and click on Task Center)
Choosing between Centralized and Decentralized Exchanges is a key decision for any crypto trader. Each comes with trade-offs in terms of security, user experience, liquidity, and control. Knowing when to use which is an essential part of risk-aware trading.
💬 Your post can include:
· In your experience, what are the pros and cons of CEXs vs DEXs?
· Which do you prefer and in what situations?
· What do you consider when choosing between a CEX and DEX?
· What advice would you give to someone using a DEX for the first time?
👉 Create a post with #CryptoFee101 and share your insights to earn Binance points! (Press the “+” on the App homepage and click on Task Center)
Master Crypto Trading Fundamentals and Unlock Binance Points!
Successful trading starts with strong fundamentals. In this latest installment of our Deep-Dive series, we break down 10 essential concepts every crypto trader should understand. Whether you’re new to trading or looking to reinforce your knowledge, this series is your opportunity to enhance your trading knowledge, contribute to the community and earn Binance Points along the way!
How To Participate:
1. Check Binance Square Official daily at 08:00 (UTC) for discussion prompts on the topic of the day.
2. Create a post on Binance Square sharing your insights, experiences or tips related to that topic.
3. Ensure that your post contains at least 100 characters and includes only one topic hashtag.
Activity Period: 2025-05-29 08:00:#CryptoFee101
Successful trading starts with strong fundamentals. In this latest installment of our Deep-Dive series, we break down 10 essential concepts every crypto trader should understand. Whether you’re new to trading or looking to reinforce your knowledge, this series is your opportunity to enhance your trading knowledge, contribute to the community and earn Binance Points along the way!
How To Participate:
1. Check Binance Square Official daily at 08:00 (UTC) for discussion prompts on the topic of the day.
2. Create a post on Binance Square sharing your insights, experiences or tips related to that topic.
3. Ensure that your post contains at least 100 characters and includes only one topic hashtag.
Activity Period: 2025-05-29 08:00:#CryptoFee101
#treadingtopic101 #TreadingType101 #CryptoFee101 #CEXvsDEX101🔥 #OrderTyper101 $ETH $SOL $ETH The fall of doge and Tesla coin due to the alon musk and Dolan trump

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a
Here's what’s happening:
📉 Why Dogecoin and “Tesla Coin” are falling
1. Dogecoin slump amid Musk–Trump clash
Over the past week, Dogecoin has dropped about 12%, including ~7% just on June 6, directly tied to the escalating public feud between Elon Musk and Donald Trump businessinsider.com+15coindesk.com+15coindesk.com+15.
As Trump threatened to pull subsidies and Musk publicly denounced Trump’s budget bill, investor sentiment shifted. A classic bearish "bear-flag" chart pattern suggests DOGE could perhaps fall as low as $0.06—a potential drop of ~66% tradingview.com+2cointelegraph.com+2dig.watch+2.
2. Musk–Trump feud slams Tesla (and Tesla Coin)
Tesla shares plunged about 14%, wiping out ~$150 billion in market value in a single trading session after the Musk–Trump fallout ﹘ Tesla down ~17% intraday youtube.com+3newsweek.com+3economictimes.indiatimes.com+3.
That crash dragged down related meme tokens like Trump Coin, which fell ~10% overnight r-bloggers.com+15coinpedia.org+15coingape.com+15.
🔍 The Catalyst: Public Farming by Billionaires
Musk called Trump’s bill the “Big Ugly Bill,” calling for impeachment. Trump hit back with threats to cut federal contracts from Musk’s companies, notably Tesla and SpaceX forbes.com+15cointelegraph.com+15wired.com+15.
As both sides escalated, investor confidence in assets connected to Musk or Trump tanked.

t

e

l

a
Here's what’s happening:
📉 Why Dogecoin and “Tesla Coin” are falling
1. Dogecoin slump amid Musk–Trump clash
Over the past week, Dogecoin has dropped about 12%, including ~7% just on June 6, directly tied to the escalating public feud between Elon Musk and Donald Trump businessinsider.com+15coindesk.com+15coindesk.com+15.
As Trump threatened to pull subsidies and Musk publicly denounced Trump’s budget bill, investor sentiment shifted. A classic bearish "bear-flag" chart pattern suggests DOGE could perhaps fall as low as $0.06—a potential drop of ~66% tradingview.com+2cointelegraph.com+2dig.watch+2.
2. Musk–Trump feud slams Tesla (and Tesla Coin)
Tesla shares plunged about 14%, wiping out ~$150 billion in market value in a single trading session after the Musk–Trump fallout ﹘ Tesla down ~17% intraday youtube.com+3newsweek.com+3economictimes.indiatimes.com+3.
That crash dragged down related meme tokens like Trump Coin, which fell ~10% overnight r-bloggers.com+15coinpedia.org+15coingape.com+15.
🔍 The Catalyst: Public Farming by Billionaires
Musk called Trump’s bill the “Big Ugly Bill,” calling for impeachment. Trump hit back with threats to cut federal contracts from Musk’s companies, notably Tesla and SpaceX forbes.com+15cointelegraph.com+15wired.com+15.
As both sides escalated, investor confidence in assets connected to Musk or Trump tanked.
My 30 Days' PNL
2025-05-13~2025-06-11
-$0.01
-16.87%
#CryptoFee101 CryptoFee101: Understanding Transaction Costs**
Navigating the world of cryptocurrencies requires more than just buying and selling; it’s crucial to understand the fees involved. CryptoFee101 offers a clear overview of transaction costs in the crypto space. When you send or receive digital assets, transaction fees — often called 'gas' or 'network fees' — are essential to process your transactions on blockchain networks like Bitcoin or Ethereum.
These fees vary based on network congestion and transaction complexity. For instance, during high traffic periods, fees spike, making transactions more expensive. Conversely, lower activity times generally offer cheaper costs. Wallet providers and exchanges may also charge additional service fees, adding to your overall costs.
Being aware of fees helps you optimize transactions—such as consolidating smaller transfers or timing transactions during off-peak hours. This knowledge not only saves money but improves your trading efficiency.
CryptoFee101 aims to simplify these concepts, empowering users to make informed financial decisions. Stay informed, manage your costs wisely, and maximize your crypto experience!
#CryptoFee101
Navigating the world of cryptocurrencies requires more than just buying and selling; it’s crucial to understand the fees involved. CryptoFee101 offers a clear overview of transaction costs in the crypto space. When you send or receive digital assets, transaction fees — often called 'gas' or 'network fees' — are essential to process your transactions on blockchain networks like Bitcoin or Ethereum.
These fees vary based on network congestion and transaction complexity. For instance, during high traffic periods, fees spike, making transactions more expensive. Conversely, lower activity times generally offer cheaper costs. Wallet providers and exchanges may also charge additional service fees, adding to your overall costs.
Being aware of fees helps you optimize transactions—such as consolidating smaller transfers or timing transactions during off-peak hours. This knowledge not only saves money but improves your trading efficiency.
CryptoFee101 aims to simplify these concepts, empowering users to make informed financial decisions. Stay informed, manage your costs wisely, and maximize your crypto experience!
#CryptoFee101
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