Hello! Day 8 of my diary on Binance, and today I keep discovering things that seemed obvious to others, but not so much for me when I started. After learning about candles, I now want to understand the strange words I see around. Here goes my simple guide with real examples!

❗ Before predicting something like "Will it reach $1?", check at least 3 things:

- How many tokens are circulating: A coin like BTC with 21 million is different from BONK with 88 trillion (or billions, depending on your numerical system).

- What type of crypto it is: Is it a solid project or a meme token without backing?

- How and where to trade: Do you use Spot or Futures? Is there liquidity? What orders do you choose?

Glossary: from base concepts to more specific ones

1. Blockchain

The technology that records all transactions, like a public ledger that cannot be erased. Example: You use the Ethereum blockchain to send ETH to a friend.

2. Exchange

Platform to buy/sell cryptos. Example: I buy BTC on Binance or Coinbase.

3. Wallet

Where you store your cryptos. They can be internal (in the exchange) or external like MetaMask (decentralized). Example: I store my 0.06 USDT in BONK in a Trust Wallet.

4. Crypto

Any digital currency: BTC, ETH, DOGE, BONK, PEPE. Example: I have 0.1 BTC and 1000 BONK.

5. Spot

Market "spot" where you use real balance without leverage. Example: I buy 10 USDT of BONK at the current price.

6. Token

Crypto that depends on another blockchain, without its own network. Example: PEPE lives on Ethereum, BONK on Solana.

7. Altcoin

Any crypto that is not Bitcoin. Example: ETH, ADA, or SHIB are altcoins.

8. Gas Fee

Commission for moving cryptos, varies by network. Example: Sending ETH costs $5-$50 (if there is a lot of traffic), while on Solana it is $0.01.

9. Airdrop

Free tokens for promotion, sometimes with requirements. Example: I received 50 PEPE for holding ETH in an app.

10. Staking

Leave cryptos locked to earn rewards. Example: I stake 10 USDT in BNB and earn 0.1% monthly.

11. Volatility

Quick price changes. Example: BTC dropped 15% on July 7, 2025, due to regulatory news.

⚙️ Orders on Binance (Spot and Futures)

12. Limit

You choose the exact price. Example: I set a Limit to buy BONK at 0.00002000 if it drops.

13. Market

Buy/sell at the current price, quick but with possible extra cost. Example: I sell 5 USDT of DOGE now.

14. Stop Limit

Two prices: one activates (e.g., 0.00003000), another executes (e.g., 0.00002950). Example: I protect my BONK with this.

15. Stop Market

Executes at the current price after being activated. Example: I exit a position if BTC drops to $60,000.

16. Trailing Stop

The stop rises with the price. Example: If BONK rises to 0.00004000, my stop rises to secure profits.

17. OCO

Two orders: one Limit to go up, one Stop to go down. If one is fulfilled, the other cancels. Example: I sell BONK if it rises to 0.00003500 or drops to 0.00002500.

18. TWAP

Split large orders to avoid moving the market. Example: I sell 10,000 USDT in chunks of 1,000 USDT.

📊 Terms when buying/selling

19. Buy/Sell

Buy or sell, basic in pairs like BTC/USDT. Example: I buy ETH with USDT.

20. Est. Fee

Estimated commission, depends on the order and pair. Example: I pay 0.1% for selling BONK.

21. Max Buy/Sell

Maximum according to your balance. Example: I can buy 50 USDT of BTC with what I have.

22. Avbl

Free balance to use. Example: If I reserved 5 USDT in an order, my Avbl decreases.

23. HODL

Holding cryptos without selling. Example: I HODL my BTC for months.

💬 What differentiates BONK or PEPE from BTC or ETH?

BONK and PEPE are meme coins: they arise from jokes or community, are volatile, and have many tokens (e.g., 88 trillion in BONK). They can rise/fall quickly.

BTC and ETH have real purpose: Bitcoin is a store of value, Ethereum allows contracts. They have fewer tokens and more adoption. Example: If BONK rose to $0.01, its market cap would be $800 billion, but liquidity and demand would make it difficult.

📌 Conclusion of the day

Understanding these words gives me more confidence to not click blindly. I keep trying with my 0.06 USDT in BONK. With today's movements on July 8 at 2:30 PM, these definitions help me not to get lost. What did you notice in the market today?

🗨️ Question of the day

Did you come across any strange words on Binance that left you lost? Or do you want me to explain any term with an example from your favorite crypto? Tell me everything!

#CriptoDesdeCero #BinanceSquare #EducaciónFinanciera #DIA8 #Bonk