Understanding Trading Fees

When buying or selling cryptocurrencies on an exchange, a small fee is charged to facilitate the trade. This trading fee, usually a percentage of the trade value, is an essential revenue stream for exchanges.

Let's break it down with an example. Suppose you want to buy 1 Bitcoin (BTC) on an exchange with a 0.5% trading fee. If the current price of BTC is $10,000, you'll need to pay $10,000 for the BTC plus $50 for the fee (0.5% of $10,000), totaling $10,050.

Trading fees are crucial because they:

- Enable exchanges to operate and maintain their platforms
- Cover costs such as security, customer support, and infrastructure
- Encourage responsible trading practices
- Help prevent market manipulation and abuse

Bitcoin was 40 years in the making.

Digital money is not a new concept nor it was conceived for the first time with Bitcoin.

There were other digital monies before, Bitcoin is just the one that succeeded.

Top Trending Coins (Today)

1. MAGA
2. BORPA
3. BLAST
4. TAI
5. ZK
6. SOL
7. KAS
8. ZRO
9. TON
10. MOG
11. ETH
12. ONDO
13. ATH
14. TRUMP
15. FET

🚨 Breaking News: Crypto Mogul Backs Trump with $1M in #Ethereum 🚀

Jesse Powell, Kraken co-founder, donates $1M in ETH$ETH to support Trump’s 2024 campaign. Powell slams Biden admin & SEC for anti-crypto stance, igniting debates on crypto & politics.

📈📉 CRYPTOCURRENCY INVESTING Tips


1. Education: Always start by educating yourself about cryptocurrencies, blockchain technology, and the projects you're interested in. Read whitepapers, follow news and updates, and join online forums and communities to stay informed.

2. Diversify your portfolio: Don't put all your money into one cryptocurrency. Spread your investments across multiple coins and projects to reduce risk.

3. Use secure wallets: Store your cryptocurrencies in secure wallets, such as hardware wallets or reputable software wallets, to protect your assets from hacks and theft.

4. Strong passwords: Use strong, unique passwords for your exchange accounts and wallets, and enable two-factor authentication (2FA) for added security.

5. Research exchanges: Before using a cryptocurrency exchange, do your research to ensure it's reputable, secure, and offers the trading pairs you're interested in.

6. Avoid FOMO: Fear of missing out (FOMO) can lead to impulsive decisions. Make informed decisions based on research and analysis rather than emotions.

7. Have a strategy: Develop a clear investment strategy and stick to it. This could be long-term holding, day trading, or a mix of both.

8. Take profits: When your investments experience significant gains, consider taking some profits. This will help you secure returns and potentially reinvest in other opportunities.

9. Risk management: Only invest what you can afford to lose, and be prepared to see the value of your investments fluctuate. Cryptocurrency markets can be volatile.

10. Stay updated: Follow industry news, updates, and trends to stay informed about the latest developments and potential opportunities.

11. Tax regulations: Understand the tax implications of your cryptocurrency investments in your jurisdiction and ensure you're compliant with regulations.

12. Avoid scams: Be cautious of ICOs (initial coin offerings), pump-and-dump schemes, and other scams. If something sounds too good to be true, it probably is.

13. Learn technical analysis: Understanding the basics of technical analysis can help you make more informed decisions when trading cryptocurrencies.

14. Network: Join online forums, attend conferences, and engage with the crypto community to learn from others, share insights, and discover new opportunities.

15. Track your investments: Use portfolio tracking tools to monitor the performance of your investments and make adjustments as needed.

16. Stay disciplined: Stick to your investment strategy and avoid making emotional decisions based on short-term market fluctuations.

17. Understand DeFi: Learn about decentralized finance (DeFi) and explore ways to earn passive income through staking, yield farming, or lending your cryptocurrencies.

18. NFTs: Research non-fungible tokens (NFTs) and their potential use cases and investment opportunities.

19. Consider dollar-cost averaging: This investment strategy involves regularly investing a fixed amount in cryptocurrencies, regardless of the market price, to reduce the impact of volatility.

20. Backup and recovery: Keep a secure backup of your wallet's private keys or recovery phrases, and ensure you know how to access your funds if something happens to your wallet or device.

📊 Market Overview:

BTC : $61324
ETH : $3437.15
BNB : $574.64
SOL : $144.3

⚡ Dominance :

BTC : 50.32 %
ETH : 17.21 %
Stables : 6.03 %

📈 Market Cap :

Total : 2.4T
DeFi : 88.27B
24hr Vol : 81.07B

Bitcoin exchange balances are hitting six-year lows, but some analysts argue this metric is overrated.

📈Another way to make money on crypto 👨‍💻

Today I will tell you about Ambassador Program (AP)🤔

It can take several weeks or even months from the start of the project search to the market release. Developers are engaged in its creation and promotion. But what is an ordinary user to do all this time? There is a solution - Ambassador programs!

APs are created to attract the interested users, ready to invest time and energy into creation and development of the community.

📌 Ambassadors are users who help create content, manage the community in social networks, expand the audience and develop it.

AP is a way to make money for those who have little or no deposit.

🔤 Why are projects looking for endorsers?
• to spread hype around the project
• create a community of interested users
• to improve the project and find mistakes.

The Ambassador gets rewarded with project tokens or access to private and early sales.

You don't have to be an article-writer or a photo/video masters master in order to join the Ambassador program, other services can do that for you. But the content created by you personally is valued many times more.

↗️ It is important to understand: this is not the way for fast enrichment. You have to really work here.

The key point in this kind of earnings is NOT how cool you make content, but how quickly you find a good project with an Ambassador program. Since ambs attract a large number of people, speed of action is extremely important here.

🥅 For an example of an amba, we can talk about the Cudos project. The project paid its Ambassador from $ 500 to $ 2000. But this project has already completed the recruitment of ambassadors and now it is VERY difficult to get there.

About all the features of this type of activity is impossible to tell in one post, so maybe in the future will tell more about this topic.

💭 Let's continue to talk about the types of earnings?

Yes - 👍
No - 👎

Newbies vs Bitcoin Maximalist 😛🤣 💯

📊 Market Overview:

BTC : $61373
ETH : $3379.43
BNB : $573.89
SOL : $140.7

⚡ Dominance :

BTC : 50.74 %
ETH : 17.05 %
Stables : 6.08 %

📈 Market Cap :

Total : 2.39T
DeFi : 85.47B
24hr Vol : 42.26B

Over 1 million people hold at least 1 Bitcoin.

Essential Trading Rules to Follow:

1. Entry Confirmation: Only enter a trade after the trend confirmation by a strong candle signal. This validates the direction 📈

2. Strategic Stop Loss: Place your stop loss just below a key zone for risk management. This minimizes potential losses

3. Profit Targets: Set your take profit at a logical level, based on larger timeframe analysis. This maximizes potential gains

4. Patient Trading: Wait for the trade to develop without rushing or letting emotions influence your decisions. Patience is key

By sticking to these rules, you'll enhance your trading discipline and potential for success

Basics of Cryptocurrency for those who are new to this world

Cryptocurrency is a digital form of currency that uses cryptography for security and operates independently of a central authority, such as a government or financial institution. It is decentralized and typically based on blockchain technology, which is a distributed ledger that records all transactions across a network of computers.

Cryptocurrencies can be used for various purposes, including online transactions, investments, and remittances. Some popular cryptocurrencies include Bitcoin, Ethereum, and Ripple. Each cryptocurrency has its own unique features and uses, but they all share the common characteristics of being digital, secure, and decentralized.

Investing in cryptocurrencies carries risks, as their value can be highly volatile. However, many people see them as a promising alternative to traditional currencies and financial systems due to their potential for transparency, security, and accessibility.

Sony to launch crypto exchange in Japan.

Coinbase to hold crypto for the US 🇺🇸 government.

The United States Marshals Service will use #Coinbase Prime for their Class 1 crypto holdings.

While some similar macro factors may influence both Bitcoin and equities, their correlation remains low, despite a slight increase from zero to 0.26 (90-day rolling).

The US dollar index, likely driven by other macro factors (inflation, interest rate differentials, etc.), has been more important for correlations to BTC than equitie

Analysts have named the most popular noncustodial wallets.

Let us share this statistic with you. You can install any of these services and use them safely:

▪️ MetaMask — 22.66 million installations worldwide. We can say that MetaMask has become synonymous with the words “cryptocurrency wallet.”

▪️ Coinbase Wallet — 11 million installations.

▪️ Trust Wallet — 10.4 million installations.

▪️ Blockchain.com — 10 million installations.

All of these reliable wallets—just be very careful and only download them from official resources.