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US Treasury Destroys $50 Million on Ethereum According to BlockBeats, Whale Alert reported that the US Treasury destroyed $50 million on the Ethereum blockchain. This event occurred at 2:48 AM UTC+8 on October 4. #ETH
Here are some of the original options you can consider to make money from cryptocurrencies:
1. **Long-term investment**: Buy reliable cryptocurrencies like Bitcoin and Ethereum and hold them for a long time. Historically, these currencies have shown great growth over the long term.
2. **Active trading**: Learn day trading strategies or margin trading. You need good knowledge of the market and technical analysis to make informed decisions.
3. **Participate in new projects (ICO)**: Invest in initial coin offerings (ICO) of promising projects. Make sure to do the necessary research to understand the project and its team.
4. **Cryptocurrency mining**: If you have the necessary resources, you can mine cryptocurrencies. This requires an investment in hardware and software, but it can be profitable.
5. **Invest in exchange-traded funds (ETFs)**: If you want to avoid the risks associated with direct trading, you can invest in ETFs that focus on cryptocurrencies.
6. **Education and Training**: Invest in yourself by learning more about blockchain technology and cryptocurrencies. You can become a consultant or coach in this field.
7. **Invest in NFTs**: Explore the non-fungible tokens (NFTs) market and invest in artwork or digital content that can increase in value. #BinanceTurns7
Storing cryptocurrencies on the Binance platform is done by creating an account on the platform and depositing coins into it. Here are the basic steps to store cryptocurrencies on Binance:
1. **Create an Account:** - Sign up on the Binance website or via the app. You will need to provide some personal information and confirm your identity.
2. **Deposit Cryptocurrencies:** - After logging in, go to the "My Wallet" section and select "Deposit". - Choose the cryptocurrency you want to deposit, and you will see the deposit address for that currency. - Use this address to send coins from your personal wallet or from another platform.
3. **Storing Coins:** - Once you deposit cryptocurrencies, they will appear in your Binance wallet. You can keep them there, or you can use them to trade on the platform.
4. **Security:** - Make sure to enable security features such as two-factor authentication (2FA) to protect your account from hacking. - You can also use options such as the "Security Wallet" provided by Binance to store coins more securely.
5. **Withdrawing Coins:** - If you want to withdraw coins to your personal wallet, go to the "Withdraw" section of the wallet, choose the coin and the address you want to withdraw it to.
You should always consider security when storing cryptocurrencies, as centralized platforms expose you to risks such as hacking.
Cryptocurrencies are a form of electronic money used to exchange value over the Internet. They are characterized by being decentralized, meaning that they are not subject to the control of a government or central bank. Cryptocurrencies are based on blockchain technology, which is a distributed database that records all transactions securely and transparently.
One of the most popular digital currencies is Bitcoin, which was launched in 2009. Cryptocurrencies are used for a variety of purposes, such as online shopping, investing, and transferring money between individuals without the need for intermediaries.
Cryptocurrencies have several features, including:
1. **Confidentiality and privacy**: Some digital currencies provide a high level of privacy in transactions. 2. **Security**: They rely on strong encryption technologies to protect information and transactions. 3. **Fast transfer**: Transactions can be made quickly without having to go through traditional banks. 4. **Price fluctuations**: Their value experiences significant fluctuations, which can be an investment opportunity, but it also involves risks.
Despite their benefits, cryptocurrencies face challenges, such as changing laws and regulations, technical issues, and increased concerns about security. #BinanceTurns7 #MarketDownturn #TopCoinsJune2024 #btc