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hold
Pranshanta
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I had invested $400
Now it is only 100 in my account what should do guys.sell or hold? I'm confused
kindly advice
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#CEXvsDEX101 Square task about CEX vs. DEX: Title: CEX vs. DEX: Choosing Your Crypto Trading Path #CEXvsDEX101 Content: The world of crypto offers us two primary avenues for trading: Centralized Exchanges (CEX) and Decentralized Exchanges (DEX). Each has its unique set of advantages and disadvantages, and understanding them is crucial for navigating the market effectively. CEX (Centralized Exchanges): Think of them as traditional banks for crypto. They offer user-friendly interfaces, high liquidity, and often provide features like fiat on/off-ramps, customer support, and advanced trading tools. However, you sacrifice some control over your private keys, and they can be a single point of failure for hacks or regulatory scrutiny. DEX (Decentralized Exchanges): These operate on blockchain technology, allowing peer-to-peer trading directly from your wallet. They offer greater control over your assets, enhanced privacy, and are less susceptible to censorship. The trade-off often includes less user-friendly interfaces, lower liquidity for some altcoins, and the responsibility of managing your own private keys. When do you prefer to use each? * I prefer CEX for: * Initiating my crypto journey with fiat deposits. * Trading high-volume, well-established cryptocurrencies. * Accessing advanced trading features like futures or options. * When I prioritize ease of use and customer support. * I prefer DEX for: * Trading newly launched tokens or less common altcoins. * Maintaining full control over my private keys and assets. * Participating in DeFi (Decentralized Finance) protocols. * When I prioritize privacy and censorship resistance. What are your insights and experiences with CEX and DEX? Share your thoughts below and let's discuss which approach works best for different trading styles! #CEXvsDEX101 #CryptoTrading #BinanceSquare #Blockchain
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#TradingTypes101 ๐ #TradingTypes101 In the world of crypto, understanding the differences between Spot, Margin, and Futures trading is key to managing risk and optimizing gains. ๐ Spot Trading โ Best for beginners! You buy and own the actual crypto. Simple and direct, great for long-term holders. ๐ Margin Trading โ For more experienced users. It allows you to borrow funds to trade bigger positions. Potential for higher profits, but also higher risk. ๐ Futures Trading โ Advanced level. You trade contracts based on the future price of crypto assets. High risk, high reward, ideal for strategic traders. ๐ง I personally started with Spot Trading, built confidence, then explored Margin Trading to expand my skills. Still learning Futures! ๐ฌ Which trading type do you use, and why? #TradingTypes101 #Binance #CryptoEducation #DYOR #XRP
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