One of the main advantages of decentralized exchanges (DEX) is the increased privacy and security. By not storing funds in a centralized wallet, the risk of hacking decreases significantly.
In addition, DEXs allow for peer-to-peer trading, without the need to register or provide personal data. This gives users more autonomy and control.
📌 As a new investor, choosing between a CEX (centralized) or a DEX (decentralized) will depend on your goals, experience, and level of comfort with the technology.
4 things you should know if you are going to do a P2P on Binance
1. Verify the seller or buyer: Make sure they have good ratings, sufficient completed transactions, and positive feedback. Determination is everything in P2P. 2. Never release the funds before receiving payment: Binance holds the cryptocurrencies as collateral, but you should only release them once you have confirmed that the money has arrived in your bank account. 3. Communicate everything via the Binance chat: Avoid speaking through external channels. If a problem arises, only what is in the official chat counts as evidence.
5 things you should know if you are new to Binance
1. Account verification (KYC): Before you can trade, you need to verify your identity. This is key to the security of your account and to unlock all the features of the platform. 2. Binance Earn: It is an option to make your cryptocurrencies generate passive income. You can lock coins or use flexible products to earn interest. 3. Tasks, rewards, and 'Learn & Earn': Binance offers missions, quizzes, and educational programs where you can earn free tokens. Take advantage of these opportunities!
A few months ago, Bitcoin experienced a sharp drop reaching up to 80,000 USDT, a moment that many took advantage of to buy. That correction raised doubts, but those who trusted in its recovery now see results. Days later, BTC managed to stabilize again above 108,000 USDT, demonstrating once again its capacity for recovery. The crypto market is like this: volatile, but full of opportunities for those who know how to wait.
#TradingTypes101 is a popular tag on the Binance Square platform, where users share experiences, tips, and analyses about different trading styles in the world of cryptocurrencies. It is not a formal course, but an active community that discusses topics related to trading.
Some of the most discussed trading styles under this tag include:
Scalping: Very quick trades that seek small profits from minimal price movements.
Day Trading: Buying and selling assets within the same day, taking advantage of daily market fluctuations.
Swing Trading: Holding positions for several days or weeks to capture more significant price movements.
Position Trading: Long-term investments based on fundamental analysis and market trends.
Additionally, users share lessons learned, such as the importance of risk management, discipline, and avoiding "FOMO" (fear of missing out).
Bitcoin continues to set the direction of the crypto market. Despite the ups and downs, BTC remains the main reference. Its global adoption is growing, large companies are accepting it, and more and more people see it as a long-term store of value. Will it continue its upward trend? Or will we see a new correction? The truth is that Bitcoin never ceases to surprise. What do you think, are you holding it or waiting for the next move? $BTC