#SouthKoreaCryptoPolicy For the sixth topic of our Crypto Tr | Irfanullah Sahil on Binance Square

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#SouthKoreaCryptoPolicy For the sixth topic of our Crypto Trading Fundamentals Deep Dive, let’s talk CryptoSecurity101 Security is paramount in Web3.

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$ETH Ethereum (ETH) is a leading blockchain platform launched in 2015 by Vitalik Buterin and others. Unlike Bitcoin, which focuses on peer-to-peer transactions, Ethereum enables smart contracts—self-executing agreements coded directly onto the blockchain. This functionality powers decentralized applications (dApps) across finance, gaming, art (NFTs), and more. Ether (ETH) is the native cryptocurrency used to pay for transactions and computational services on the network. Ethereum has undergone major upgrades, including the shift to proof-of-stake (Ethereum 2.0), which drastically reduces energy consumption. It remains a cornerstone of the Web3 ecosystem, offering flexibility, security, and innovation in the decentralized digital world

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$BTC Bitcoin (BTC) is the world’s first and most well-known cryptocurrency, launched in 2009 by an anonymous entity known as Satoshi Nakamoto. It operates on a decentralized blockchain network, enabling peer-to-peer transactions without intermediaries like banks. Bitcoin is often seen as a store of value, sometimes referred to as "digital gold," due to its limited supply of 21 million coins. Its price is highly volatile, influenced by investor sentiment, regulations, and macroeconomic trends. Bitcoin has sparked global interest in digital assets and blockchain technology, driving innovation in finance. However, it also faces criticism for its energy use and association with illicit activities

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#IsraelIranConflict The Israel-Iran conflict is a long-standing geopolitical struggle rooted in ideological, religious, and strategic rivalries. Iran opposes Israel's existence and supports militant groups like Hezbollah and Hamas, while Israel views Iran's nuclear ambitions as a major threat. Tensions often escalate through proxy conflicts, cyberattacks, and military strikes, particularly in Syria and Lebanon. Recent developments have included Israeli airstrikes on Iranian-linked targets and Iranian retaliation through regional allies. International powers, especially the U.S., play significant roles in shaping the conflict’s dynamics. Despite periods of reduced hostilities, the situation remains volatile, posing risks to regional stability and broader global security interests. q

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#CryptoFees101 – Understanding fees is essential for successful crypto trading. Hidden or high fees can eat into your profits faster than a bad trade. Here's what you need to know: --- 💸 1. Trading Fees What: Charged when you buy or sell crypto on an exchange. Types: Maker Fee (you add liquidity by placing a limit order) Taker Fee (you remove liquidity by using a market order) Tip: Maker fees are usually lower. Use limit orders when possible. --- 🔄 2. Spread What: The difference between the buy (ask) and sell (bid) price. Impact: This hidden cost affects your profitability, especially on low-liquidity assets. Tip: Compare spreads across exchanges before trading. --- 📤 3. Withdrawal Fees What: Charged when you move crypto off an exchange to another wallet. Fixed or dynamic depending on the coin and network congestion. Tip: Withdraw in coins with lower fees (e.g., LTC, TRX, XRP) when possible. --- 💳 4. Deposit Fees What: Some platforms charge for fiat or crypto deposits. Varies by payment method – bank transfers are often cheaper than cards. Tip: Always check deposit fees before funding your account. --- 🔁 5. Network (Gas) Fees What: Paid to miners or validators to process transactions on-chain. High on Ethereum (ETH gas fees), lower on Layer-2s or alt chains like Solana, BNB, or Polygon. Tip: Use L2s or bridges when ETH gas is high. --- 📊 6. Slippage What: The difference between expected price and execution price. Happens in volatile markets or with large orders. Tip: Use slippage tolerance settings in DEXs like Uniswap. --- 🏦 7. Custodial Wallet Fees What: Some platforms charge fees for holding crypto in hosted wallets. Applies to interest-bearing or managed crypto accounts. Tip: Consider moving your funds to self-custody wallets if safe to do so. --- 🔐 8. Staking Fees What: Platforms may take a cut of your staking rewards. Usually around 5–20%, depending on the provider. Tip: Compare staking rewards net of fees or consider staking directly on-chain.

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#TradingMistakes101 1. Lack of a Trading Plan Mistake: Trading based on emotion or gut feeling. Fix: Create a clear plan with entry/exit rules, risk limits, and a strategy. --- 💰 2. Risking Too Much Per Trade Mistake: Going all-in or risking large chunks of your capital. Fix: Use position sizing and risk 1–2% per trade max. --- 📉 3. Not Using Stop Losses Mistake: Holding losing trades too long hoping they'll rebound. Fix: Always set a stop loss. Discipline beats hope. --- 🧠 4. Overtrading Mistake: Taking too many trades due to boredom, excitement, or revenge trading. Fix: Be selective. Trade quality over quantity. --- 🏦 5. Ignoring Risk-Reward Ratios Mistake: Taking trades with more downside than upside. Fix: Aim for a minimum of 2:1 reward-to-risk ratio. --- 📰 6. Trading on News Alone Mistake: Jumping into volatile markets based only on headlines. Fix: Combine fundamental news with technical analysis and proper timing. --- 📚 7. Not Reviewing Trades Mistake: Repeating errors without learning from them. Fix: Keep a trading journal and analyze both wins and losses. --- 🛑 8. FOMO (Fear of Missing Out) Mistake: Entering trades too late or without a setup. Fix: Trust your plan. There’s always another opportunity. --- 🎢 9. Letting Emotions Drive Decisions Mistake: Panic selling or greed-based buying. Fix: Stay calm and stick to your strategy. --- 🧪 10. No Backtesting or Demo Trading Mistake: Using real money on unproven strategies. Fix: Test your strategy in demo accounts before going live.

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