#CryptoFees101 While Binance's fees are low, watch for hidde | Parambir Sidhu on Binance Square

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#CryptoFees101 While Binance's fees are low, watch for hidden costs. Trading fees (0.1% for spot) add up with frequent trades, especially without BNB discounts,

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#CyberSecurity101 Crypto security is vital for protecting your digital assets from hacks, scams, and loss. Always use strong, unique passwords and enable two-factor authentication (2FA) on wallets and exchanges. Hardware wallets offer the safest storage by keeping private keys offline. Avoid sharing sensitive information and beware of phishing links or fake apps. Never store large amounts of crypto on exchanges—they’re prime targets for attacks. Regularly update software and double-check wallet addresses before sending funds. Learning basic practices like securing seed phrases and using trusted platforms is key. Mastering #CryptoSecurity101 helps you stay safe in the ever-evolving world of digital finance.

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#TradingPairs101 Trading pairs like BTC/USDT or ETH/BTC represent the exchange rate between two cryptocurrencies. When trading BTC/USDT, you're buying or selling BTC in terms of USDT. Understanding base and quote currencies is key—first is what you're buying/selling, second is what you're using. Major pairs (BTC, ETH) have better liquidity. Exotic pairs may offer higher volatility but come with risk. Pair selection can affect spreads, slippage, and profit potential. Always evaluate volume before entering a trade.

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#Liquidity101 Liquidity in finance refers to the ability of an asset to be easily and quickly converted into cash without significantly impacting its market price. It's crucial for individuals, businesses, and financial markets, as it determines how easily assets like stocks, bonds, or real estate can be traded. A liquid asset can be bought or sold quickly, while an illiquid asset might take time and potentially require a price concession to be converted to cash.

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#OrderTypes101 Understanding order types is crucial in crypto trading. A market order executes immediately at the best available price, ideal for quick entries/exits. A limit order lets you set the price you want to buy/sell at—useful for controlling risk. Stop-loss orders help minimize losses by exiting a position once the price hits a set threshold. Advanced traders may use stop-limit or trailing stop orders for more dynamic strategies. Mastering these order types helps protect your capital and improve timing. #OrderTypes101

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#TradingMistakes101 When I took my first steps in trading, I remember that I had one thing in mind: to make money. So I sat there, meticulously watching that little bar go up and down, up and down, so I said: now is the moment! When it goes down again, I will enter at that part over there, and when it goes up to that part over there, I will sell, and that's it! I will make money! Haha, what rookie mistakes one makes when there is a lot of enthusiasm and little experience. Knowing about the business Very soon I realized that I needed to study. So I started to delve into the subject and shortly after I was watching courses from Binance, through existing documentation and experts teaching online under the platform's sponsorship. Social media also had its positive contribution, as I found a good teacher who used to give advice and teachings on how to trade, and regularly shared some of his operations so that followers could learn something about practice. Similarly, I added to my repertoire the study and analysis of publications from very well-known websites for their informative trajectory in trading, cryptocurrencies, and the blockchain ecosystem in general. All of this, among other things, took me to the next level. A lot of knowledge, experience in full development, and little learning; for it is not the same to know as to learn. But, I was on the right path, since one learns from mistakes, and that is important when paying attention to where the mistake was and how to correct it. One of the things I learned from the professor was that we must know when to stop, take a break, and breathe; it is not healthy to be permanently glued to a chart. It is necessary to take your time to think and analyze. So after being glued to the charts daily for hours, trying to decipher the enigma, I reached the point where: I had lost a certain amount of money, and as life sometimes gives us a second chance, one fine day I was pleasantly surprised to find that Binance had refunded me practically all the working capital I lost.

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