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Loraine Kacprowski Zvkb
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Loraine Kacprowski Zvkb
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#CEXvsDEX101 DEX 101 versus CEX 101 "If you want to get into cryptocurrency, you need to comprehend the distinction between centralized exchanges and decentralized exchanges. Let's break it down: CEX, which stands for Centralized Exchange, Binance, Coinbase, Kraken, and others are examples. Simple to use A lot of liquidity Speedy transactions You are not in charge of your private keys. Subject to rules and hacks "Decentralized Exchange" or "DEX" Uniswap, PancakeSwap, and dYdX are examples. Your assets are under your control (non-custodial) In most cases, no KYC Unrestricted and transparent Slower and with less fluid More difficult to use and more technical "Not your crypto, not your keys." 💥💥 Know the risks if you give up control for convenience. Use a CEX to get started, but if you want complete control and decentralization, learn how to use a DEX. Which do you prefer, CEX or DEX? 💥💥 DOGE, Web 3, Cryptography 101, and Cryptosecurity 101#CEXvsDEX101
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#TradingTypes101 💼 Spot Trading Mindset: Profit Even in a Dump 🧠 Today, I earned $31 USDT through spot trading, even though the market was down and many altcoins dropped by 20% to 25%. ✅ My portfolio is currently down 25%, but I still take profits regularly, even when in a losing position overall. 💡 I only consider it a real loss when I lose my coins, not my dollars. In spot trading, dollar losses can recover when the market rebounds — but if you lose your coins, they’re gone for good. 📌 Focus on the Top 100 coins — they tend to follow Bitcoin’s movements and have a better chance of recovery. 📊 Stay consistent. Stay disciplined. Trade
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#TradingTypes101 Salaam Walekum ❤️
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