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Binance Expands Global KYC Requirements To Further User Protection | Binance Blog  VIEW : 7416    
โดย Eric

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เมื่อ : อาทิตย์ ที่ 22 เดือน พฤษภาคม พ.ศ.2565 เวลา 16:50:21    ปักหมุดและแบ่งปัน

A professional trader with a $1M account value would never risk more than $50k on a trade. Readjust the perspective you have on your funds. So if you have an account worth $1,000, you should be averse to losing anything more than $10 (or 1% of your account value). Each dollar should be treated as if it is worth 100x its actual value. In fact, professional traders generally keep the rule of not risking more than 5% of their account value per trade.

Day trading looks like a lucrative option to make money, but it isn’t easy. Before starting to trade, you need to know the following things that will help you improve your success rate over time. You need both technical and psychological skills to study the market and succeed.

In Algorithmic trading strategy , where bots execute trades as per the parameters defined in the trading strategy. For example, Scalping is a prevalent trading strategy that involves taking advantage of the small price movements on shorter time-frames; Range trading involves studying candlestick price patterns and looking for support and resistance levels.

It would be up to you to decide which of these games you want to play. Don’t be surprised to find the same games across different dApps. Generally speaking, the variety of blockchain-based casino games is smaller.

In the last four years we have laid the groundwork by investing heavily in security and user protection , supporting law enforcement from around the world with high-profile investigations and helping cybercrime victims recover millions of dollars worth of stolen funds." Our CEO, CZ said: "User protection is an integral part of our DNA and core values. Our vision is to create a sustainable ecosystem that is safe for all participants.

Nowadays, this fee is large on the Ethereum blockchain, this is why BSC becomes a very suitable alternative solution. As we mentioned in the previous section, the Binance Smart Chain network has lower gas fees than Ethereum and bitcoin other blockchain solutions. This is very important as you would not have to pay large fees for executing smart contracts. Every single time that you interact with the online gambling site, you would have to pay a fee.

For example, if you will trade the BTC/USD pair and buy 5 contracts, your position size will be 500 USD as each contract represents 100 USD. So the calculation is a bit different than USDT and BUSD margined pairs.

Intermediate Verification supports Binance’s Know Your Customer (KYC) and Anti-Money Laundering (AML) efforts as part of the organization’s redoubling of efforts to further enhance user protection and risk management protocols.

Every investment should be based on a high-probability for winning, and binance should never be leveraged enough to take a significant chunk out of your account. Starting up a small crypto futures trading is a task not unlike launching one with millions of dollars in it. The same values apply, and each bit of fund that you risk should be treated with care.

Binance provides you a unique opportunity to familiarize yourself with the platform and test your trading strategies without risking your real money on the testnet available on the Binance Futures platform.

Done properly, slowly growing a small account into one that can sustain you, and that you can sustain, is a worthy achievement. Prolonged success demands a strategy, bitcoin and being proportionate with funds is a key piece of strategy.

Therefore, you need to choose the markets you want to trade and deploy your capital wisely. Using leverage can amplify your profitability without committing huge capital and result in huge losses if the trade goes wrong.

Also, taking any money out of your account disregards the value you place onto each unit of account, and then devalues the other ethics you would apply to your trading. Trading is a long-term game and should be respected well beyond instant gratification wins. In fact, adding funds to your account whenever possible is a great idea.

When you have successfully executed a trade based off of a high probability setup, then you can feel comfortable about continuing your streak. If you set up a further stop loss that favors the trend you followed in your initial trade, and place a high risk/reward ratio on it, you may be able to further expand your profits. A technique that can help accelerate account growth is by compounding your profits.

Make sure to double-check your address while withdrawals, as many commit mistakes here and end up losing their coins. Click on Withdraw against ETH wallet and binance futures put your Ethereum wallet’s address in which you want to withdraw your Ether coins.

Of course, bitcoin if you skip KYC, your daily crypto limits will be low, btc but you can increase these limits later. For bitcoin enhanced security of your trading account, use a strong password, enable 2FA, whitelist your device.

To enhance user protections and provide a safe crypto environment for everyone, we will roll out the Intermediate Verification requirement for bitcoin all users. At Binance, we review our products and services on an ongoing basis to determine changes and improvements in light of evolving global compliance standards.



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