#CEXvsDEX101 (CEX) is controlled by a single group or entity, such as a private company or a publicly traded corporation. The controlling entity is fully responsible for all aspects of the platform's business. A decentralized exchange (DEX) is governed by a technological protocol that allows a large group of people to participate in peer-to-peer cryptocurrency trading. DEXs largely rely on smart contracts as controlling entities that determine their operation.
#TradingTypes101 A platform that allows traders to visualize price movements as the profile period progresses, illustrating the concentration of prices at specific levels over a determined time interval.
Loss) refers to the profit or loss you have generated from your investments or trading positions in cryptocurrencies. It is a metric that allows you to evaluate the financial performance of your investments on the platform.
How to calculate PnL on Binance:
PnL is calculated as follows:
Realized PnL:
This is the actual profit or loss you obtain when closing a position, calculated by the difference between the closing price and the entry price.
Unrealized PnL:
This is the potential profit or loss you could have if you sold your positions at the current market price, without having closed them.
How to view your PnL on Binance:
You can access your PnL through different sections of the platform, depending on your type of investment:
Spot Wallet:
In the Binance user interface, hover over the wallet icon and select [Spot].
Click the arrow next to [Today's PnL] to see the PnL analysis of your assets over different time periods.
Margin:
On the Binance website, go to [Wallet] - [Margin].
Select [Cross] or [Isolated] and choose a period to view your PnL.
Click [>] for a more detailed breakdown.
If you are using the Binance app, go to [Wallets] - [Margin] and choose [Cross] or [Isolated].
Futures:
In the USDⓈ-M or COIN-M Futures trading interface, select [Futures PnL Analysis] in the bottom right corner.
You can see the PnL data of your Futures wallet, as well as the absolute amount and percentage over different time frames.
Trading Bots:
Go to [Assets] - [Trading Bots].
Click the arrow next to [Today's PnL] to see the PnL analysis of your bot account.
Important considerations:
PnL is calculated based on the assets listed on Binance: The system does not consider the actual cost of the token if it was not purchased on the platform.
PnL does not include unrealized gains/losses until the position is closed.
#BSCUserExperiences the rapidly expanding ecosystem with a plethora of decentralized applications (dApps), tools, and services, ensuring an intuitive, seamless, and accessible experience for all users is crucial. A positive BSCUserExperience encompasses multiple facets. Firstly, it involves clean and easy-to-understand user interfaces (UI), even for those who are new to the world of cryptocurrencies and DeFi.
#BSCTrendingCoins is a blockchain developed by Binance designed to offer fast, economical, and highly efficient transactions, as well as a wide variety of Web 3 tools
#BSCProjectSpotlight is a blockchain developed by Binance designed to offer fast, inexpensive, and highly efficient transactions, as well as a wide variety of Web3 tools
#BinanceEarnYieldArena Yield farming is an investment strategy that involves depositing cryptocurrencies in DeFi platforms to earn rewards. It is also known as "yield agriculture".
How it works
You deposit cryptocurrencies into a liquidity pool.
Other people use your cryptocurrencies for loans or exchanges.
In return, you receive rewards.
Advantages and risks
Yield farming can generate passive and high returns.
However, it also involves significant risks, such as impermanent loss and smart contract failures.
Considerations
Returns are measured in annual percentage rate (APR) or annual percentage yield (APY).
Yield farmers often move their assets between protocols or chains to take advantage of higher yields.
Yield farming is a cryptocurrency trading strategy that aims to maximize returns.
DeFi Platforms
Uniswap is a platform where stablecoins like USDT or USDC can be deposited into a pool.
In January, Latin America faces a complex economic scenario. The region, highly dependent on flows of trade, investment, and remittances from the United States, sees its stability threatened by the combination of a strong dollar.
#RamadanGiveaway Binance has launched campaigns specifically called "Binance Square Ramadan Giveaway" to celebrate the month of Ramadan. This promotion offers a total of 5,000 USDC in rewards and will be active from March 14, 2025, to March 28, 2025. To participate, users must interact with the "Ramadan Calendar" on Binance Square, completing daily tasks and sharing their progress.