Category: Uncategorized
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Types of Crypto Scams
If you own bitcoin or other cryptocurrencies, you are vulnerable to fraud and scams. There are many types of crypto scams since scammers are always figuring out new ways to steal your crypto holdings. Most cryptos scams tend to fall into two categories: Types of Common Crypto Scams Here are the most common types of crypto scams. Fake Websites and…
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Types of Crypto Scams
If you own bitcoin or other cryptocurrencies, you are vulnerable to fraud and scams. There are many types of crypto scams since scammers are always figuring out new ways to steal your crypto holdings. Most cryptos scams tend to fall into two categories: Types of Common Crypto Scams Here are the most common types of crypto scams. Fake Websites and…
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What is a Crypto Scam?
The world of crypto is growing rapidly. And so is the HYPE. Due to the soaring (and plummeting) prices of cryptocurrencies, and lots of people making (and losing) lots of money, crypto has attracted huge interest from mainstream media generating buzz, which gets amplified by social media. As public interest in crypto has risen, so…
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What are Maker Fees and Taker Fees?
Trading cryptocurrencies is not free.😲 When buying and selling cryptocurrencies on a trading platform provided by a centralized crypto exchange (CEX), you have to pay trading fees. It’s important to be aware of the types of trading fees that crypto exchanges charge and understand how they work. In general, when calculating fees on a crypto exchange, the…
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What is a Depth Chart?
What is a depth chart? Sounds like something a scuba diver uses. But nope. That’s not it. On most trading platforms provided by centralized crypto exchanges (CEX), aside from a price chart, a “depth chart” is also displayed. A depth chart is a tool for understanding the supply and demand of cryptocurrency at a given moment for a range of…
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What is an Order Book?
In the crypto market, most crypto traders and investors buy and sell cryptocurrencies on a centralized exchange (CEX). A key concept that you should understand before placing your first crypto trade on an exchange is the “order book”. An order app offers a real-time “behind the scenes” view into the supply and demand of a particular cryptocurrency. In this…
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What is Liquidity?
What is liquidity? More specifically, what is market liquidity? One thing is for sure, it has nothing to do with buying or selling water. 🤣 What is liquidity? Liquidity, or more specifically, market liquidity, refers to the ease with which you can buy or sell whatever it is you’re trying to buy or sell. with a limited price impact. Something…
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What is the Bid and Ask Price?
On your crypto exchange’s trading platform, when looking to trade a specific cryptocurrency like bitcoin (BTC), you will see a bunch of numbers known as the “bid” and “ask” prices. But what are these prices? And what do they mean? Understanding the mechanics of pricing is crucial to understanding how crypto exchanges work. In order to have…
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What are Fiat “On-Ramps” and “Off-Ramps”?
If you’re new to the crypto world, it won’t be long until you come across the phrases, “fiat on-ramps” and “fiat off-ramps”. In this lesson, you’ll learn what these phrases mean. 👍 The process of transferring money between fiat and crypto is known as “on-ramping” and “off-ramping”. If you’ve ever bought crypto with fiat money, you’d…
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What is 2FA?
After signing up with a crypto exchange, you’ll probably be required to configure security settings on your account and come across something called “2FA“. In this lesson, I’m going to explain what 2FA is and why most crypto exchanges require it. In order to log in to any online account, authentication is required. Authentication is just a…