Trading on CEX = speed, liquidity, and ease 🏦⚡ Trading on D | Simile Binancian on Binance Square

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Trading on CEX = speed, liquidity, and ease 🏦⚡Trading on DEX = control, privacy, and true ownership 🔐🌐
Where do you make your moves?
#CEXvsDEX101 #CryptoTrading #BinanceSquare 

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Simile Binancian

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#CryptoFees101 Crypto fees add up fast. ✅ Pick low-fee networks ✅ Compare exchanges ✅ Watch hidden costs #CryptoFees101

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#BigTechStablecoin 🌍💰 The future of money is being shaped now. Big Tech is moving fast into the stablecoin space — will this change global finance for good, or concentrate even more power in a few hands? 🤔 🔹 Efficient cross-border payments 🔹 Programmable money 🔹 Financial inclusion... or surveillance risks? The conversation is just beginning. 🚀 #BigTechStablecoin #Fintech #DigitalCurrency #Blockchain #FutureOfFinance

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$USDC Stay focused. Top USD pairs for serious traders: ✅ $BTC / USD ✅ $BNB / USD Trade with precision on #Binance. #Crypto #USD #BTC #BNB

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Scenario: You have $5,000 USD and want to trade Bitcoin (BTC) on an exchange. --- Step 1: Deposit Funds You deposit $5,000 USD into your crypto exchange account. --- Step 2: Place a Buy Order BTC current price = $103,601 per BTC. You decide to buy approximately 0.04825 BTC. Calculation: \text{BTC amount} = \frac{5000}{103601} \approx 0.04825 \, \text{BTC} You place a market buy order for 0.04825 BTC. --- Step 3: Order Execution Your buy order is filled immediately at $103,601. You now own 0.04825 BTC. --- Step 4: Wait for Price to Rise After a few days, BTC price increases to $110,000. --- Step 5: Place a Sell Order You decide to sell all your 0.04825 BTC at the new price. Calculation: 0.04825 \times 110,000 = 5,307.50 \, \text{USD} You place a market sell order for 0.04825 BTC. --- Step 6: Order Execution & Profit Sell order executed at $110,000. You receive $5,307.50. Your gross profit = $5,307.50 - $5,000 = $307.50 (before fees).

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