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Malik Murtaza Bohar
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Malik Murtaza Bohar
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#CEXvsDEX101 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 #CEXvsDEX101 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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#OrderTypes101 #OrderTypes101 Market Order A market order executes immediately at the best available price. If you're in a hurry to buy or sell $WCT, this is your go-to. It's fast but doesn’t guarantee the exact price — only that the order will fill Limit Order A limit order lets you set the price you want to buy or sell. For example, if $WCT is trading at $0.10, but you want to buy at $0.08, you can place a limit buy order. It will execute only when the market hits your price. Stop-Loss Order This is for risk management. If you’re holding $WCT and want to avoid a big loss, you can set a stop-loss at $0.07. If the price drops to that level, your order will automatically sell to limit your loss. Take-Profit Order The opposite of stop-loss. If you bought $WCT at $0.08 and want to sell when it hits $0.12, you can place a take-profit order to lock in gains automatically. OCO (One Cancels the Other) This combines a stop-loss and take-profit in one smart setup. If $WCT hits one of the two targets, the other is canceled. Great for automated strategy-based trading.
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#CEXvsDEX101🔥 Centralized exchanges (CEXs) are platforms like Binance or Coinbase that offer user-friendly interfaces and high liquidity but require users to trust a third party with their funds. Decentralized exchanges (DEXs), such as Uniswap or PancakeSwap, allow peer-to-peer trading without intermediaries, promoting privacy and control. However, they may have lower liquidity and steeper learning curves. Security varies: CEXs can be hacked, while DEXs may have smart contract risks. CEXs often comply with regulations, while DEXs operate more freely. Choosing between them depends on priorities like ease of use, control, fees, and security. Both have unique strengths, serving different user needs effectively.
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#broccoli BNB #BNB_Market_Update $BNB market pumping and market dumping
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#TradingTypes101 #TradingTypes101 #TradingTypes101 #BinanceHODLerSOPH #SOPHToTheMoon $ the market is coming up now you can see here just click the link 🖇️ and start trading
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