Hot vs Cold Wallets: Comparison and Personal Approach
#CryptoSecurity101 Hot wallets (e.g., MetaMask, Trust Wallet, Binance) are connected to the internet and convenient for frequent transactions, but are less secure due to the risk of hacking. Cold wallets (Ledger, Trezor, paper wallets) store keys offline, making them resistant to hacking attacks, but less convenient for quick operations.
### **How trading pairs work (base vs. quoted currency)?**
In any trading pair (for example, **BTC/USDT** or **ETH/BTC**), there are two components: - **Base currency** (the first in the pair, for example, BTC) — this is the asset you buy or sell. - **Quoted currency** (the second in the pair, for example, USDT) — this is the currency in which the base is valued.
#Liquidity101 Liquidity and its impact on price execution
Liquidity is the ability of an asset to be quickly sold or bought without significant change in its price. In financial markets, it depends on trading volume and the number of participants. The higher the liquidity, the easier it is to open or close a position at the desired price.
Caught in a scam! Due to my own foolishness, I fell for the scammers TRADESHIELD.CC They give a promo code for 300,000 $NOT After which you need to deposit into the exchange 23700$NOT to withdraw from the exchange. Of course, you won't be able to withdraw anything. Don't be fooled #Scam?
Market, limit, stop-loss, and take-profit orders: how they work and when to use them 1. Market Order How it works: - Buys or sells an asset instantly at the current market price. - Executes quickly, but the price may differ slightly due to the spread. When to use:
Pros and Cons of CEX (Centralized Exchanges, e.g., Binance, Bybit, OKX) ✅ Pros: - High Liquidity – Large trading volumes, narrow spreads, fast transactions. - User-friendly Interface – Suitable for beginners, features market orders, stop losses, futures. - Fiat Payments – You can buy crypto with rubles/dollars via cards or P2P. - Customer Support – If something goes wrong, you can contact support. ❌ Cons: - Risk of Hacking or Bankruptcy – The history of Mt. Gox and FTX shows that CEX are not always safe. - KYC (Verification) – Personal data must be provided, which not everyone likes.
Pros and Cons of DEX (Decentralized Exchanges, e.g., Uniswap, PancakeSwap, dYdX) ✅ Pros: - Anonymity – No KYC required, you can trade without a passport. - Control over Funds – Crypto is stored in your wallet (MetaMask, etc.), not on the exchange. - Access to New Tokens – Many projects are launched on DEX first. - Resilience to Censorship – No one can block your account. ❌ Cons: - High Fees. - Complexity for Beginners – You need to understand wallets, slippage, MEV attacks. - Lower Liquidity – Large trades may lack sufficient volume.
Two main types of trading on the cryptocurrency exchange
1. Spot Trading - Buying and selling cryptocurrency at the current market price with instant settlement. - Traders own real assets and can withdraw them to wallets. - Suitable for long-term investments (HODL) and medium-term strategies. - Low risks compared to margin trading (no leverage).
2. Margin and Futures Trading - Margin trading involves borrowed funds (leverage), which increases potential profit but also risks. - Futures are contracts for future delivery of an asset at a fixed price, often with high leverage (up to 100x). - Allows earning on both market growth (long) and decline (short). - High risk of liquidation of the position in case of unfavorable price movement.
The choice of strategy depends on experience: beginners are better off starting with spot trading, while experienced traders may use futures and margin trading to increase profits.
Advantages of Trading 1. High Income – The possibility to earn quickly from market fluctuations, especially when using leverage. 2. Flexibility – You can trade from anywhere in the world, choose assets (stocks, cryptocurrencies, futures), and strategies. 3. Independence – Trading allows you to work for yourself without bosses and schedules. 4. Accessibility – Only a small capital and internet connection are needed to start.
Risks of Trading 1. Capital Losses – High volatility and poor decisions can lead to losses. 2. Emotional Stress – Pressure and greed often hinder rational decision-making. 3. Margin Risks – Using leverage increases not only profits but also potential losses. 4. Fraud – The risk of encountering dishonest brokers or financial pyramids.
Conclusion: Trading can be profitable but requires knowledge, discipline, and risk management. #TradingCommunity
By the way, I saw Professor Moriarty launching his coin #MORI . I don't know about you, but I admire him as a person, the goals he sets, and how he helps other people. That's why I will definitely add his coin to my portfolio. They promise to add it on 15.06.25. But there is already an opportunity to earn it. What do you think about this coin? I've left a referral link in the comments, check it out while you have the chance. $BTC #MORI
I want to tell a story about how $AVAX helped me during a difficult time in my life. As I remember, I bought several coins for $21 each and forgot about them. Since I hadn't logged into Binance for a long time and stopped keeping track of currency rates, I didn't even count on it. In December 2023, I quit my job and was left completely without money. I lived in a rented apartment and had no way to pay. So, I decided to log into Binance, and it turned out that the coin had increased by 2.5 times. My $273 became $679. That was just enough for my rent. Besides them, there were of course other coins in my portfolio, but $AVAX helped me the most. In general, what I want to say is that even if you are in a difficult situation right now, never lose hope. There is always a way out. Don't focus on the difficulties, find the opportunities. Wishing you peaceful skies above. Sending hugs to everyone 🫂
Greetings everyone! I want to start managing an account on Binance, I will post here promising coins in my opinion, and my thoughts about them. Support me with a subscription or a like. Thank you all! Here is one of my portfolios⬇️ Share your opinion in the comments, how much do you have $TON ? And which coins would you recommend to put in the portfolio?
🔥 Why is TON trending? ✅ Integration with Telegram – 800 million users can easily interact with TON through mini-apps. ✅ Speed and low fees – up to 100K TPS compared to ~7 for Ethereum. ✅ Growing ecosystem – DeFi, NFT, staking, and Toncoin as a gas token. ✅ $Support from Binance – listing, Launchpool, and high liquidity.
💡 Where is TON used? - Payments in Telegram bots. - Staking (up to 5-8% annual returns). - NFT and GameFi (for example, Tonano, Fanzee).
📈 Forecasts and risks ➕ Strong community and partnerships. ➖ Competition with Solana, Ethereum L2.
💬 What do you think, can TON become a top-10 cryptocurrency? Share your opinion in the comments! #TradingTypes101