Brother, have you heard of trading fees? | abidhayatkhizarnaseem on Binance Square

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abidhayatkhizarnaseem

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Brother, have you heard of trading fees?

m-awais-karni4752

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today i win almost 6 trade around 8.5$ and then i trade lose 2.5$ after that i check my today PNL and i was totaly shocked its 2.21$ why i dont know how binace calculate my profit

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Thinking of Adding more margin🤔. $BTC

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#SouthKoreaCryptoPolicy South Korea Flag South Korea South Korea Breakdown of South Korea's Travel Rule Regulations What is the scope of the Travel Rule in South Korea? Virtual asset service providers (VASPs) involved in the following business activities must comply with the Travel Rule: The selling or buying of cryptocurrencies; Crypto-to-crypto exchanges; The transferring of cryptocurrencies; The storage or management of virtual assets. Who is the supervisory body for VASPs in South Korea? Financial Services Commission (FSC) What is the Travel Rule threshold in South Korea (FSC)? KRW 1 million (approxiately EUR 800) What are the FSC's requirements for Travel Rule information to be exchanged? originator's name; beneficiary's name; originator's wallet address; beneficiary's wallet address. On request of beneficiary VASP or official authorities, the following information will have to be provided within three (3) business days: originator's official personal document identity number, customer identification number, or alien card registration number. When do you need to comply with the Travel Rule in South Korea? 25 March 2022 Which regulations are applicable to the South Korean Travel Rule? Act on the reporting and use of specific financial transactions information Enforcement Decree of the Act on the Reporting and Use of Specific Financial Transaction Information What else do you need to know about the Travel Rule in South Korea? All VASPs must meet the following requirements: register with Korean Financial Regulator before they start operating register an authorised company bank account and provide customers with their real-name accounts with the same bank. establish expanded AML/KYC procedures using a risk-based approach, which includes customer due diligence and suspicious transaction reporting. acquire an Information Security Management System (ISMS) certificate at the Korea Internet & Security Agency (KISA).

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Understanding Cryptocurrency Transaction Fees Cryptocurrency networks rely on transaction fees to incentivize miners and validators to confirm transactions. These fees also help maintain blockchain security and deter network spam. On networks like Bitcoin, transaction fees fluctuate based on block space demand. When the network is busy, fees increase as users compete for limited space in each block. This dynamic pricing model ensures the network remains operational, even under heavy load. Fees also help prioritize which transactions process first. Users who pay higher fees typically receive faster confirmation times, which is crucial during periods of high traffic. These mechanisms apply across various blockchain ecosystems, including Ethereum, where gas fees fluctuate based on activity and wallet behavior. Efficient ETH wallet management can reduce unnecessary costs. For example, institutions might employ techniques such as adjusting gas settings or timing transactions. In addition to user demand and network conditions, fee structures may also reflect a project's governance philosophy. Some blockchains, such as Solana, aim for lower fees to promote mass adoption. Others use more complex mechanisms to adjust for validator incentives and system sustainability. Understanding the context of each network’s fee logic gives deeper insight into why certain transactions cost more than others. Types of Crypto Fees Clear visibility into crypto transaction fee structures helps institutions and retail traders navigate the digital asset ecosystem more effectively. Here are the primary categories: Network Fees (Miner/Validator Fees): Paid directly to miners or validators for processing transactions. These fees fluctuate based on supply and demand. Trading Fees: Charged by exchanges for executing buy-and-sell orders. These are usually a percentage of the trade value and may vary for makers and takers. Withdrawal Fees: Charged when transferring crypto from an exchange to an external wallet. This can be a fixed amount or based on network fees. $USDC

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#BigTechStablecoin Top Stablecoin # Name Price 24h % 3 USDT logo Tether USDT Buy $1.00 0.02% 7 USDC logo USDC USDC Buy $0.9998 0.00% 24 USDe logo Ethena USDe USDe Buy $1.00 0.02% 26 DAI logo Dai DAI Buy $0.9998 0.01% 43 USD1 logo World Liberty Financial USD USD1 Buy $1.00 0.00% 54 FDUSD logo First Digital USD FDUSD Buy $0.9985 0.01% 71 PYUSD logo PayPal USD PYUSD Buy $0.9994 0.03% 113 TUSD logo TrueUSD TUSD Buy $0.9985 0.01% 128 USDD logo USDD USDD Buy $1.00 0.02% 197 EURC logo EURC EURC Buy $1.13 0.19% 206 USD0 logo Usual USD USD0 Buy $0.9977 0.01% 208 USDY logo Ondo US Dollar Yield USDY Buy $1.09 0.01% 210 USDf logo Falcon USD USDf Buy $0.9998 0.04% 213 RLUSD logo Ripple USD RLUSD Buy $0.9998 0.05% 218 FRAX logo Legacy Frax Dollar FRAX Buy $0.9995 0.01% 221 USDG logo Global Dollar USDG Buy $1.00 0.04% 222 USDO logo OpenEden OpenDollar USDO Buy $1.00 0.04% 224 GHO logo GHO GHO Buy $0.9978 0.08% 245 DEUSD logo Elixir deUSD DEUSD Buy $1.00 0.01% 279 EURS logo STASIS EURO EURS Buy $1.13 0.46% 292 AUSD logo AUSD AUSD Buy $0.9995 0.03% Lift Dollar $1.00 USDB $1.00 Frax USD $1.00 Pax Dollar $1.00 lisUSD $1.00 Venus BUSD $0.02 Anchored Coins AEUR $1.02 BUSD $1.00 Gemini Dollar $1.00 EUR CoinVertible $1.14 Eurite $1.14 Tether EURt $1.13 Liquity USD $1.00 StraitsX USD $1.00 Ampleforth $1.29 sUSD $0.97 Celo Dollar $1.00 MNEE $1.00 Aegis YUSD $1.00 ZUSD $1.00 GYEN $0.01 Rupiah Token $0.00 BIDR $0.00 StablR Euro $1.14 Worldwide USD $1.00 USDJ $1.09 XSGD $0.78 Quantoz USDQ $1.00 Steem Dollars $0.81 Origin Dollar $1.00 Venus DAI $0.03 StablR USD $1.00 Quantoz EURQ $1.14 Celo Euro $1.14 VNX Swiss Franc $1.22 SMARDEX USDN $1.00 Fei USD $1.00 Djed $1.00 Verified USD $0.17 Vai $1.00 VNX Euro $1.14 Sperax USD $1.04 Reflexer Ungovernance Token $3.70 IDRX $0.00 VNX British Pound $1.35 Prisma mkUSD $1.00 Standard $0.00 TheStandard USD $0.99 Empty Set Dollar $0.00 Basis Cash $0.00 Currency One USD $1.00 Stables Labs (USDX) $1.00 Amnis Aptos Coin

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