Having made millions in cryptocurrency, how to withdraw safely?
As an old player in the cryptocurrency space for many years, I often have the need for deposits and withdrawals. Throughout this process, I have accumulated a lot of valuable experience, which I now share with everyone without reservation. 1. Key points for platform selection Be sure to choose trading platforms with a T+1 model, such as Binance. Once dirty money is exchanged for USDT, it often moves quickly. The T+1 platform mechanism can deter most holders of dirty money from easily venturing into it, greatly reducing risk. 2. Tips for selecting trading merchants Prioritize selecting merchants with a long registration time and large transaction volumes. Such merchants have accumulated rich experience in long-term operations and understand how to cleverly avoid regulation, reducing the risk of account freezing.
Binance is a leading global cryptocurrency trading platform that provides users with secure, stable, and diverse trading services. Below is a comprehensive guide from registration to profit, suitable for beginners to get started quickly. One, Why Choose Binance? A globally leading platform: Binance ranks among the top in trading volume and user numbers worldwide, supporting multiple languages, including a Chinese interface. Low fees: Register with invitation code 37200043 to enjoy fee discounts and more rewards. A wide variety of trading products: Supports spot trading, contract trading, financial products, and more.
It's me paying the bill again, isn't that inappropriate? 08:11:57 [Israel launches strikes against Iran] According to the Financial Association on June 13, CCTV News reported that in the early hours of the 12th local time, Israel launched an attack on Iran. According to reporters from the main station, continuous explosions were heard in Tehran, the capital of Iran, and the Iranian side has not yet disclosed the reason for the explosions.
#币安HODLer空投HOME 0.36 ran, not bad, enough for a small number to grind points and wear. Thanks to Binance, it would be great if one came every day, although small, I don't mind.
The score line has been released today, 237! The score will definitely not go down in the short term, and it can only be claimed once a week at most, so frustrating!
#交易手续费揭秘 sorted out the transaction fee secrets and money-saving tips for novices:
💸 Three major components of transaction fees 1️⃣Transaction fee (core cost)
Maker: Provide liquidity, low fee (such as 0.1%)
Taker: Consume liquidity, high fee (such as 0.2%) ✅ Money-saving Tip: Use limit orders (Maker) more often to enjoy fee discounts or even cashback!
2️⃣Withdrawal fee (hidden pit)
The exchange charges a fixed network fee + service fee** (such as $3 to withdraw BTC, which is much higher than the actual cost on the chain).
✅ Money-saving Tip: Choose "off-peak hours" to withdraw coins (low gas fee), or save a large amount to withdraw at one time!
3️⃣Slippage loss (hidden cost)
- When placing an order for a low-liquidity currency, the transaction price deviates from expectations (such as wanting to buy at $100, the actual transaction price is $103). ✅ Tips to prevent scams: avoid unpopular coins and split large orders into multiple small transactions!
🚀 Ultimate money-saving strategy Use invitation code 37200043: enjoy discounted handling fees, both new and old users; Use platform currency: BNB to pay handling fees to enjoy a 25% discount (Binance); Use DEX with caution: Uniswap V3 handling fees are divided into three levels: 0.01%/0.05%/1%, choose the lower level for small amounts; Prevent authorization traps: cancel useless DApp authorization ([Revoke.cash](https://revoke.cash/) to check permissions), prevent malicious coin deductions!
💡 Remember: handling fees = transaction costs, what you save is what you earn! ⚠️ Be wary of the "0 handling fee" gimmick - it may hide higher slippage or withdrawal fees!
🔄 What is a trading pair? For example, `BTC/USDT` indicates exchanging USDT (a stablecoin) for BTC. Format: `Base Currency/Quote Currency` (e.g., buying DAI with ETH = `ETH/DAI`). Function: Establishes exchange rules, like a “currency exchange window.”
✅ Core Significance 1️⃣ Pricing Anchor: Clarifies asset value (e.g., 1 BTC = 30,000 USDT); 2️⃣ Trading Medium: No need for direct fiat currency, transitioning through stablecoins (e.g., buying altcoins with USDT); 3️⃣ Market Depth: Mainstream trading pairs (BTC/USDT) have high liquidity, making buying and selling quicker; 4️⃣ Arbitrage Opportunities: Price differences between exchanges create profit potential (e.g., BTC is cheap on platform A, expensive on platform B).
⚠️ Note for Beginners Choose high liquidity trading pairs (e.g., BTC/USDT) to avoid obscure pairs (fewer buy/sell orders, easy slippage losses); Be clear on direction: to buy BTC, select `BTC/USDT`, and the opposite to sell!
💡 Simple Understanding: Trading pair = exchange channel, choosing the right “lane” makes trading smoother!
🔒 Three Key Protection Points 1️⃣ Private Key = Cash Never screenshot/store online (avoid sending via WeChat, email). Write it down on physical media (notebook, metal plate) and keep it safe. The same goes for recovery phrases; leaking them = giving money to hackers!
2️⃣ Anti-Phishing Always manually enter the official website (e.g., `metamask.io`), do not click on links from texts/group chats (fake wallets and fake exchange scams are common). Be wary of inducements like “airdrop claims” and “KYC verification.”
3️⃣ Transaction Security Use cold wallets (like Ledger, offline storage) for large assets. Enable whitelist + 2FA (Google Authenticator > SMS verification) for exchange withdrawals.
⚠️ High-Risk Warnings Do not trust “guaranteed profit” projects: high-yield DeFi mining pools and managed investments are often scams (e.g., Rodeo Finance was hacked for $8.8 million in 2023). Be cautious with updates: fake wallet upgrade pop-ups can steal private keys (verify with official announcements first).
💡 Ultimate Principle: Your assets, your responsibility! It is not uncommon for small centralized platforms to close down (like FTX) or for projects to run away; self-custody is the safest.
🔐 Extension: Test with small amounts before large transfers, regularly change passwords, and be wary of “fake customer service” asking for recovery phrases via private messages!
#交易流动性 trading liquidity refers to the ability to quickly buy and sell assets in the market without causing significant price fluctuations. Simply put, it's like 'buying vegetables at the market': High liquidity: Many buyers and sellers, able to transact at reasonable prices at any time (like Bitcoin). Low liquidity: Few buyers and sellers, when you want to sell, there’s no one to take over, or you need to significantly lower the price (like obscure altcoins).
Important significance: 1️⃣ Stabilize prices: When liquidity is high, large transactions won't severely impact prices; 2️⃣ Reduce transaction costs: The bid-ask spread is small (for example, the spread for Bitcoin is only 0.1%, while obscure coins may be 5%); 3️⃣ Enhance market confidence: Investors are willing to enter the market, avoiding the situation of 'wanting to escape but can't' (for example, during the LUNA crash in 2022, liquidity dried up, resulting in a 99% drop in one day); 4️⃣ Reflect asset quality: Mainstream coins usually have better liquidity than altcoins. 💡 Key point for beginners: Liquidity = cashing ability, check trading volume and the thickness of buy/sell orders before buying assets!
Key insights from the recent crypto roundtable discussion on #加密圆桌讨论 :
1️⃣ Shift in SEC's stance: New chair Paul Atkins supports self-custody rights (referred to as 'American foundational values'), criticizes the previous administration's 'regulatory overreach', and dismisses multiple lawsuits (such as Coinbase, Ripple). 2️⃣ Controversy over regulatory framework: The focus is on whether to continue using traditional securities law (such as the Howey test) or to establish a new framework. A16z advocates for technology-neutral new regulations, while Democratic committee members warn against undermining investor protection. 3️⃣ Progress in technological regulation: DART system: SEC and CFTC collaborate to develop a trading tracking system to monitor on-chain and off-chain transactions, raising privacy concerns. New custody regulations: Require crypto custodians to isolate client assets, enforce insurance, and conduct third-party audits to mitigate bankruptcy risks. 4️⃣ NFT and DeFi become focal points: SEC hints at releasing regulatory guidelines for NFTs, while DeFi needs to balance compliance with innovation.
Additionally, mentions of institutions adopting accelerators (such as Bitcoin ETFs) and insufficient deployment of quantum-resistant encryption technology (only 37% of systems meet standards) are noted.
#币安HODLer空投RESOLV has distributed airdrops, reportedly one BNB is worth 0.4U, how much have you received? My small account only has 16, looks like it's just enough for a breakfast.
Alpha's new gameplay allows retail investors to provide liquidity and earn points, which is similar to balance points; it depends on the amount of capital you provide, where 100 is 1 point and 1000 is 2 points. Why do I feel this is again beneficial for large investors? However, remember the risks: when you don't know who is providing liquidity, you are the one providing liquidity. While the returns look high, the risks are actually higher.
Is Alpha not a major player anymore? Come on, you can provide liquidity to earn points, but the risk is very high. The price of coins is volatile, and the risk of withdrawing from the pool is also very high. Are the little investors brave enough to follow?