When questioned about Binance’s recent move to reduce the maximum leverage permitted on the platform for retail futures trading contracts to 20x from the previous peak of 125x, Zhao also told Techcheck that rather than being driven from a place to improve consumer protection, he likened this leverage rate as more of an advertising tool – along the same lines as cameras competing to have the highest number of pixels.
Now, there are different benefits to choosing either of these methods. Most of them have to do with fees and transaction speed - depending on the price of BTC, buying Bitcoin on Binance via Simplex might be the smart thing to do. .
There are many ways to do this. Tech-savvy ones include running master nodes, which is the computer that verifies blocks of transactions on the blockchain. There are others, too, like completing microtasks that can work for people who aren’t finance bros and software developers. A microtask can be something like marketing the coin or blockchain via a YouTube video or writing a review. They won’t set you up for life, but it’s not the worst idea for a side hustle. For those wanting full commitment, there are also actual jobs at these places, too, from blockchain development to PR.
Thoroughly understanding the currency before investing is critical for every investor. One such paramount parameter is being attentive on the order book depth. The larger the sales wall, the harder it is to push behind that point. When the buy order wave is larger than the sell order wave, it means there is high demand for the altcoin. If it takes more money to push the prices up by 5% than it takes to reduce the price by 5%, you must consider buying something else in the short term
If you are not technically sound but still want to create and launch your own cryptocurrency, the best option is to seek the help of a cryptocurrency creation service which will handle all the technical work and you get a finished token. There are some online platforms like CryptoLife that can give you a custom coin that you can modify according to your project requirements.
You can fund your Binance Singapore account quite easily by linking your local bank account. To do so, launch your Binance Singapore app, go to your Binance Cash Wallet, and click on "Deposit". You will then see the option to add your bank, bank account number, and verify your account for withdrawals. The verification process will take up to 1 day.
Simply put, Bitcoin is still the best crypto to buy today, if not the best. I would not recommend anyone invest in cryptocurrency without investing in Bitcoin.
Chayanika has been working as a financial journalist in the cryptocurrency and blockchain industry for almost three years. She has closely followed the growth and adoption of the sector since 2018. Her inclination lies in writing impactful, data-driven stories.
Looking to breakthrough in the NFT & Crypto scene but don’t have the time and resources to get started?
NFTs can function similarly to any other speculative asset in that you buy it and hope that its value rises over time so that you can sell it for a profit. Other than the ones listed above, there are a few different venues where you can sell NFT: Myth Market. BakerySwap Aavegotchis Decentraland 3. What is the best place to buy NFT?
Now, click on "Buy/Sell" on the top menu bar. You'll be able to see the available coins for purchase, key in the amount of crypto coin you'd like to buy (in SGD), and choose from your Xfers Wallet or your linked bank account as payment method.
Recently, there was a young boy in Vietnam, 14 years old, Xeo Chu. and he launched an entire NFT exhibition called, ‘pandemic paintings.’ And this past July a collection of his paintings sold at an NFT for $23,000.
The FCA move comes amid pushback from regulators around the world against cryptocurrency platforms.
The popularity of non-fungible tokens is increasing at a rapid rate. It’s a new way one can sell their digital valuables with proper authenticity online. Even though it’s a completely new front in the blockchain ecosystem, we can assume they are here to stay judging by the massive popularity. Many industries are already using this new form of token to implement blockchain solutions.
On the other hand, buying an NFT from the primary marketplace is a best practice as the resale value is quite high when you put it up for sale on another platform. Well, there are certain downsides to it as well. In any case, it’s hard to predict how the evaluation of the NFT will be as the demand can increase or decrease at any moment.
💡 Tip: with English (highest-bid) auctions, start the bidding at $0 and wait for those early offers to generate some buzz. It’s now possible to add a reserve price to your listings if you’re worried about items going on the cheap.