I loved binance | Fatema Akter Ripa on Binance Square

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Fatema Akter Ripa

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I loved binance

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Fatema Akter Ripa

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#BigTechStablecoin Imagine if Google or Apple suddenly dropped their own stablecoin – it wouldn't just be backed by dollars, but probably by an entire data center of our search histories and selfie collections! Trading it on Binance would feel like bringing your humble chai stall to a tech giant's polished campus. Instead of USDT, we might have "iDollar" or "AlphabetCoin," promising stability so strong it could withstand a power cut in Jalandhar. The humor? Well, every time you spent it, you'd wonder if they were recommending ads for what you just bought! It's the wild west of crypto meeting the slick, controlled future. While it's still mostly a dream, the idea of a Big Tech stablecoin on Binance is like picturing a traditional wedding suddenly having drone footage and VR guest books – potentially game-changing, and definitely a bit surreal!

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#CryptoFees101 Spot fees On the spot market, Binance fees for VIP 0 level users are 0.10% for both Maker and Taker orders. This means that for each transaction, a commission of 0.10% of the total order value is charged. For example, for a purchase of 1 ETH, if the price of ETH is 3000 USDT, the fees would amount to 3 USDT (or 0.001 ETH if the fees are paid in the traded cryptocurrency). It’s important to note that Binance offers a significant 25% reduction on these Spot trading fees if the user chooses to pay Binance fees with BNB (Binance Coin), the platform’s native cryptocurrency In this case, Maker and Taker fees drop to 0.0750%. For pairs involving USDC, taker fees may be slightly different, at 0.0950% (or 0.07125% with the BNB discount).

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Crypto Just Got Smacked — June 6, 2025 Welp… the markets decided to nosedive today. Bitcoin, ETH, SOL — all took punches. $BTC is down about 3.1% and hanging out

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#OrderTypes101 📘 Order Types 101: Basic Overview When you trade, you’re placing an order to buy or sell a security. The type of order you use affects when and how your trade gets executed. --- ✅ 1. Market Order What it is: Buy/sell immediately at the best available price. Use when: Speed > price. You just want to get in or out ASAP. Pros: Fast execution. Cons: You might get a worse price due to slippage. 📌 Example: "Buy 100 shares of Apple at market" → your order fills instantly at the current ask price.

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#Liquidity101 — The Trap No One Warned Me About ❌ “I entered the trade... but couldn’t exit in time!” That’s when I learned the painful lesson of low liquidity. In crypto, it’s not just about buying — it’s about whether you can sell. If the token has low volume: 🚨 Your exit can crash the price 🚪 Or worse — trap you with no buyers 💡 Pro Tips to Stay Safe: ✔️ Always check volume & order book depth ✔️ Use limit orders to avoid slippage ✔️ Avoid going all-in on illiquid tokens 📌 Liquidity is your real lifeline. No matter how good the chart looks... 👉 No liquidity = No exit.

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