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After US President Trump said that China violated the trade agreement, US stock market futures experienced a sharp decline.
#CEXvsDEX101
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LARAXEN
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Good morning ☀️
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$TST IT IS DISAPPEARING 🤭
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US Core Personal Consumption Expenses Price Index (Annual) (Apr) was announced as 2.5%. Expectancy: 2,5% Previous: 2,6%
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Good Morning ☀️ Centralized Exchanges (CEXs) Pros: - Ease of Use: User-friendly interfaces, ideal for beginners. - Liquidity: Higher trading volumes ensure faster trades and better price execution. - Fiat On/Off Ramps: Support for direct fiat deposits and withdrawals. - Customer Support: Dedicated support teams for issue resolution. - Advanced Features: Offer margin trading, futures, and staking options. Cons: - Custodial Risk: Funds are held by the exchange, vulnerable to hacks or mismanagement. - KYC Requirements: Mandatory identity verification reduces privacy. - Centralized Control: Susceptible to government regulations or platform shutdowns. - Fees: Higher trading and withdrawal fees compared to DEXs. Decentralized Exchanges (DEXs) Pros: - Non-Custodial: Users retain control of their private keys and funds. - Privacy: No KYC requirements, enhancing user anonymity. - Decentralization: Resistant to censorship and single points of failure. - Token Variety: Access to a broader range of tokens, including new or niche projects. Cons: - Complexity: Steeper learning curve, requiring familiarity with wallets and blockchain. - Liquidity: Lower trading volumes can lead to slippage or slower trades. - No Fiat Support: Typically crypto-to-crypto only, requiring external fiat conversion. - Limited Support: No centralized customer service; users rely on community or self-help. - Smart Contract Risks: Vulnerabilities in code can lead to exploits or fund loss. $WCT #CEXvsDEX101
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#TradingTypes101 Tips for Crypto Beginners 1. Don’t Invest Without Research: Always do your own research (DYOR). Avoid hype-driven decisions. 2. Start Small: Invest small amounts until you fully understand the market. 3. Prioritize Security: Use two-factor authentication and protect your seed phrase. 4. Be Patient – HODL: Volatility is normal. Avoid panic selling and think long-term. 5. Follow Trusted Sources: Stick to official and verified news or education platforms. 6. Avoid Leverage Trading: Leverage can wipe you out fast—especially if you’re new. 7. Know the Law: Understand the legal status of crypto in your country, including taxes.
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