What conclusions have I drawn after a few weeks of observing the work of Binance. Text 👇

And also, subscribe to me because I will be making predictions about the crypto market based on irrationality. It will be interesting 😉

Conclusions:

To begin studying the operations of cryptocurrency exchanges, it is important to familiarize yourself with the basic concepts and principles of cryptocurrency. The very first step should be understanding what cryptocurrency and blockchain are, as this is the foundation on which all cryptocurrency platforms operate. It is recommended to start by studying popular cryptocurrencies such as Bitcoin and Ethereum, and the principles of their operation.

Next, you need to get acquainted with the different types of cryptocurrency exchanges. There are centralized exchanges like Binance or Coinbase, and decentralized ones like Uniswap. It is important to understand how these platforms work, how trades are made, and what options are available for depositing and withdrawing funds.

Moreover, you should study the basics of technical analysis — methods for predicting cryptocurrency prices using charts and indicators. Knowledge of basic terms such as “buy”, “sell”, “limit orders”, and “stop-loss” will help you work effectively on the exchange.