#TrumpVsMusk The Musk-Trump clash has continued Trump’s trad | Gwen Raspberry on Binance Square

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#TrumpVsMusk The Musk-Trump clash has continued Trump’s tradition of happily exposing the once-secret nature of how power operates in the United States.

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#CryptoFees101 Crypto fees cover network costs (miner/validator fees for transactions) and exchange charges (trading, withdrawal fees). They vary based on network congestion, asset type, and exchange policies. High fees can impact profitability, so choosing efficient networks and exchanges is key. Always check fee structures!

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#BigTechStablecoin Big Tech is eyeing stablecoins! Companies like Apple, Google, Airbnb, and X are exploring integrating stablecoins (e.g., USDC, PayPal USD) into their platforms. This move could revolutionize payments, lowering transaction fees and enabling faster, cheaper global transfers. It signals a major shift towards stablecoins as the future of digital commerce.

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$USDC USDC is a major stablecoin, pegged 1:1 to the US Dollar and backed by reserves. It offers stability in volatile crypto markets, enabling fast, cheap global transactions. Issued by Circle, it's widely used across DeFi and for remittances, bridging traditional finance with the blockchain.

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#CEXvsDEX101 Binance operates both a CEX (Centralized Exchange) and a DEX (Decentralized Exchange). The CEX is the main Binance.com platform, offering high liquidity, advanced trading tools, and customer support, but requires KYC and you don't control your private keys. Binance DEX, built on BNB Chain, allows peer-to-peer trading directly from your wallet, offering greater privacy and self-custody, but often with lower liquidity and a less user-friendly interface. Choose based on your priorities: convenience/features vs. decentralization/control.

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#OrderTypes101 Order types are instructions you give to an exchange to buy or sell crypto. Market orders execute instantly at the current best price, prioritizing speed. Limit orders let you set a specific price, only executing when the market reaches that level or better, prioritizing price control. Other types like stop-loss orders automate selling to limit losses. Choosing the right order type is key for effective trading.

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