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  • Binance Helps Improve Trading Strategies with New Crypto Options Platform

    Binance Helps Improve Trading Strategies with New Crypto Options Platform

    Binance is the world’s largest cryptocurrency exchange. The exchange, which has the largest cryptocurrency liquidity and offers a wide range of cryptocurrencies, offers futures, P2P trading, options and more trading features in addition to spot markets. 

    With both an intuitive interface and user-oriented design, Binance is one of the best crypto platforms for options trading. Crypto options trading is a form of trading included within derivatives trading. This format allows cryptocurrency exchanges to help their users to profit with more trading options in the cryptocurrency market.

    What is Binance Options?

    Option are a type of derivative that allows users trade in the market at a fixed premium and hedge against market risks. Crypto options function similarly to the options you would find in traditional markets, except that the underlying assets are cryptocurrencies such as Bitcoin and Ethereum instead of stocks. Put options can be used to profit from a cryptocurrency decreasing the price, while you would use a call option to bet on a cryptocurrency increasing in price. 

    Binance launched its new options platform on both its website and mobile app in September 2022. The trading platform, which boasts high liquidity and low fees, charges a transaction fee of 0.02% and an exercise fee of 0.015%.

    Trade Crypto Options on Binance

    Binance fixes option positions by pricing them in USDT. In this way, investors can easily calculate profit and loss even during high volatility market periods.

    Call options are used to buy assets at a certain price, while put options are used to sell assets at a certain price. For example, when buying Ethereum options, you actually pay a premium to get the right to sell or buy Ethereum at a certain price on a certain date.

    This method is a good option for traders who want to maximize their profits in a bear or bull market. Option holders can exercise their option positions until the contract expiration date. When this date comes, the option position is closed and a profit or loss is made according to the price of the asset.

    There is also the option to sell the asset at the current market price by closing the position early. However, it’s worth keeping in mind that Binance only allows European-style options contracts, which can only be exercised on the contract expiration date. Binance continues to add more options contracts to help you expand your crypto trading strategy.

    What do I like about trading Binance Options?

    Binance Options has many advantages over other platforms. Among these advantages are the following:

    • User-focused experience
    • Competitive fees
    • Support for stablecoins

    Among these advantages, the point that improves the user experience the most is the ability to buy options with stablecoins. The most useful advantage in calculating PNL, calculating profits between certain dates, and taking notes on capital and cost is that Binance Options are priced with stablecoins. This makes risk analysis and calculations easy, even in volatile markets.

    In addition, the platform’s intuitive interface makes it possible to exchange assets between multiple trading products and make API connections. This allows sticking to strategies and increasing efficiency when trading options.

    How to trade Binance Options

    Options, already a complex trading tool, carry various risks for those who do not have good knowledge of this trading method. Currently, Binance Options supports crypto options tied to Bitcoin and Ethereum.

    To start trading Options on Binance, you must first be a Binance user. You can create an account by clicking the Binance sign up link. Then you should click on the Derivatives tab and find the Options tab. 

    Those using the Binance App can access the Options trading page by tapping the Futures icon. To trade Options on crypto, you must transfer USDT from the crypto balance in your Spot wallet to your Options wallet.

    The Binance Options interface may seem complicated at first glance, but once you learn it, it’s pretty easy. 

    In this interface you can see a list of available options. For example, for the date 2022-11-22, there are positions with a strike between $1100 and $1400. You can click the Preferences icon in the upper right corner to add different data to the table. When you click on the candle icon on any position line, you can see the candlestick chart and the order book. You can also find several different indicators on this chart.

    You can create a buy or sell position with the Limit or BBO method from the right section, and you can see the margin details at the bottom.

    What is the exclusive promotion for Binance Options?

    Binance Options offers 30% options trading fee commission for affiliates and 30% trading fee discount for all options traders. Celebrating the launch of its trading platform again with a nice promotion, Binance offers special referral benefits to Binance Affiliates who refer their friends to Binance Options.

    Users who refer their friends to Binance Options will be eligible to receive 30% of their friends’ trading fees. In addition, everyone using the platform will benefit from a 30% discount on all Options trading fees until the end of the year. Anyone who meets certain criteria can apply to become a Binance affiliate.

    Conclusion

    Options trading is always fraught with danger. Before approaching this trade, investors/traders should conduct extensive research and education. Binance Options is one of the most well-known cryptocurrency options trading platforms. Its user-friendly interface, low liquidity, and reasonable fees are attracting an increasing number of users.

  • ProBit Exclusive: AVAX Next for 50% Discount Sale

    ProBit Exclusive: AVAX Next for 50% Discount Sale

    With its Relative Strength Index (RSI) and Stochastic indicators currently showing oversold, AVAX is the next digital asset to feature on ProBit Global’s Exclusive. ProBit Global will thereafter list AVAX to mark the beginning of more Avalanche-based tokens being listed on the exchange.

    AVAX, the medium of exchange within the Avalanche ecosystem, suffered a sharp decline in its Total Value Locked (TVL) over the past few weeks. Its market cap also shrunk to about $3.8 billion as of this writing. However, CryptoQuant’s analytics show AVAX’s RSI and Stochastic indicators as suggesting that a trend reversal can occur.

    Following 75% of price movement being down in the last two weeks, the analytics suggest that the momentum indicators which compare how the token’s price action has moved and relative to the highest-lowest range over a certain period of time points to AVAX being oversold. With this indication of short-term lower trading price movements comes the expectation of a possible correction.

    AVAX’s base network getting bigger

    The AVAX utility token is open to seeing more actions over time as the total transactions on the Avalanche open-source platform exceeded 450 million this month. Aimed at providing the same capabilities as Ethereum, the network on which most DeFi applications run currently, it means Avalanche has recorded a 1,507% increase in processed transactions—nearly 28 million in November 2021—over a 12-month period.

    Avalanche has been described as a strong contender in the race to become the dominant blockchain technology. DeFi protocols continuing to grapple with slow and expensive transactions on Ethereum gives Avalanche—through its subnets’ approach to the scaling problem of the Blockchain Trilemma—the needed boost to attract more high-quality projects.

    Its simple copy-paste code particularly for DeFi protocols and blockchain gaming projects, coupled with the guarantee of rapid verification speeds and high growth potential, makes Avalanche an easy choice for devs seeking to move from Ethereum.

    About AVAX’s promising outlook

    Recently listed among the top blockchains by revenue, more projects on the Avalanche network whose smart contracts are designed to be infinitely flexible with subnets would benefit AVAX as the native token used to power transactions within the ecosystem.

    With more altcoins being touted for a breakout as the crypto market recovers from the FTX exchange’s collapse, along with its attendant impacts on the market, ProBit Global picking AVAX as its next token of choice for a 50% price cut-off seems to be a great opportunity for its users to own some of it.

    ABOUT PROBIT GLOBAL

    Trade and buy Bitcoin, Ethereum and 800+ altcoins in 1000+ markets with ProBit Global!

    Over 2,000,000 crypto enthusiasts worldwide trust the ProBit Global brand with their exciting crypto journeys! Enjoy a customizable trading interface, automated trading bots for beginners and pros, fiat on-ramp in 45 currencies, and a multilingual website in 46 languages.

    Join our active programs and get huge benefits!

    1. Buy Crypto easily with a credit card and bank transfers

    2. ProBit Exclusive: Subscribe to 50% off the Top 200 tokens

    3. Trading Fee Discount: Pay trading fees with PROB & get as low as a 0.03% trading fee

    4. Referral Program: Earn 10-30% of trading fees for referring friends to ProBit Global

    5. Learn & Earn free crypto by watching videos and taking quizzes

    ProBit Global: www.probit.com

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  • Dua.com Starts DUA Token Sale On AlianceBlock Fundrs Platform

    Dua.com Starts DUA Token Sale On AlianceBlock Fundrs Platform

    dua.com cover image

    On the 23rd of November 2022, Dua.com, the Swiss Startup with 5M+ users, became the first project to start token sales on AlianceBlock’s peer-to-peer participatory funding platform, Fundrs. The sale started at about 17:00 CET on the said date and is expected to conclude at the same time, 17:00 CET, on 14th December 2022.

    Dua.com was already well-positioned to take advantage of everything Fundrs offers after listing on the platform recently. With the commencement of its token sale, Dua.com has opened up Fundrs to the DeFi community. Individuals and businesses can now benefit from its various programs.

    What You Should Know About Dua.com

    Dua.com is officially a Swiss-based startup. However, it has a lot in common with the Dutch-based non-profit organization, Dua Foundation. The similarly named organizations are committed to introducing globally fragmented communities to their DUA Token, helping to power the internal economy and experience of diverse community members.

    Speaking about the launch of its token and the plans ahead, Chief Payment Officer at Dua.com, Ardit Trikshiqi, said:

    “The launch of the DUA token is an innovation for the matchmaking industry. DUA will enable 5 million users of dua.com and spotted.de to engage in a participative virtual economy that offers a wide range of services and is growing exponentially every day and millions of individuals and businesses, part of the globally fragmented communities that are not being supported by traditional financial providers such as banks and money transfer operators.”

    As hinted earlier, Dua.com already has more than 5 Million users. It has also onboarded these users to the cryptocurrency and web 3 scene by introducing them to the Dua token. Together with the dutch-based Dua Foundation, Dua AG will connect people looking for relationships based on values, origin, education, language, and more.

    The Dua entities are also committed to promoting an economy that is based on merit. Through their respective apps, dua.com and spotted.de, they facilitate a tokenized experience with a reward system based on in-app activities and user reputation. It is all about participating in a fairer economy, and Dua.com and Dua Foundation are ready.

    What the Token Sale on Fundrs Mean

    Dua.com started the journey of tokenizing its 5M+ users after raising $4 Million in a Series A round. Now, it has made its token available to the community of Fundrs users. Fundrs, which was created by AllianceBlock, is a key entry point for raising capital. This means dua.com will raise more money by offering select individuals and businesses opportunities to buy its token.

    Considering how Fundrs work, it is easy to understand why Dua.com will choose it for its token sales. The AllianceBlock’s funding platform brings together like-minded hopeful investors and businesses/startups. It uses a decentralized infrastructure to help blockchain-based projects and traditional startups (collectively called ‘Seekers’) to receive funding from the platform users (collectively called ‘Funders’). Fundrs will also provide access to a range of financing options that will become available later in a project’s investment cycles. Such opportunities can include peer-to-peer lending, convertible loans, and more.

    Wrapping Up

    Dua.com chose the perfect platform for its token sales. Its objectives are in line with the new economic system AlianceBlock intends to create with Fundrs. The Dua-powered ecosystem will bring together like-minded individuals, and Fundrs will continue to present opportunities to individuals and businesses with similar objectives. Considering what it has achieved so far and the direction it is heading, it is easy to conclude that dua.com may metamorphose into a big blockchain-based project. Participating in its token sale on Fundrs is, therefore, advisable.

  • Binance Gift Card Marketplace—New Features that Make Crypto Gift Cards Even Better

    Binance Gift Card Marketplace—New Features that Make Crypto Gift Cards Even Better

    Key takeaways

    • The Binance Gift Card is a new feature on Binance that makes it easy for users to send and receive gifts and cryptos without any fee
    • Binance Gift Cards are useful and convenient not only as gifts but also for regular use due to how simple they are to redeem and put to use
    • Anyone and everyone—including non-Binance users—can receive gift cards
    • The Binance Gift Card Marketplace now offers new products, including Fixed-Value Gift Cards, Gift Cards with cashback, and Gift Card Mystery Boxes

    Since its introduction in 2017, Binance has become a well-known cryptocurrency exchange. Low trading fees and swift transactions have largely contributed to its phenomenal growth. Binance also widely utilizes the BNB (BNB) cryptocurrency.  

    With a multi-tier and multi-clustered architecture, the crypto exchange platform claims to give high processing throughput, with the ability to execute over 1.4 million orders per second. More than 600 different coins with varying market capitalizations, including Bitcoin, Ethereum, XRP, and many others are supported for trade on Binance.

    Binance Gift Card – Explained

    A gift card is a type of prepaid debit card that has money on it that may be used for a number of purchases depending on the user’s choice. Store gift cards are made to be used at certain stores or shops, whereas general-use prepaid gift cards are independent of any one retailer and can also be used to withdraw cash from ATMs.

    With a Binance Gift Card, you may send and receive cryptocurrencies quickly, easily, and at no cost to both Binance and non-Binance users. The cryptocurrency will be fully credited to the recipient’s Binance funding wallet once they redeem the gift card code.

    Gift Crypto with Binance Gift Cards

    The following are some of the main advantages of Binance Gift Card:

    • Various themes and templates to accommodate the tastes of different users.
    • Ease of Deposit and Withdrawal of crypto. 
    • Easily invite new Binance users by binding your referral code.
    • Enhanced security features, including the “Restrict Recipient” function.

    Uses of Binance Gift Cards

    Most times, sending money or gifts to a friend or family in another country is always marred with many hassles.   

    You probably already know how stressful it can be to transfer money abroad if you’ve ever spent some time abroad or attempted to help family members who live abroad. It is expensive, in terms of both time and money.

    Cryptos show the potential to simplify this process, and Binance Gift Cards aim to help in international transfers in their own ways.

    The Binance Gift Card can be used for various reasons depending on the type of user. This new feature on Binance can be utilized by both retail and corporate users, and both will enjoy unique satisfactions, based on their needs.

    Gifting

    Due to their great degree of personalizability, Binance Gift Cards are not only a fantastic lifestyle gift but also flexible enough to be as unique as you would like them to be.

    To show someone you’re thinking of them, you can choose a thoughtful design from the Binance template library or include a message when you deliver your gift.

    Every month, new designs are added to the Gift Card store, so users can return to check if they don’t find one that appeals to their recipient at the moment.

    Transfer Crypto for free

    In spite of the name, Binance Gift Cards are not restricted to sending and receiving gifts. They can also be utilized as a fee-free transfer service to send cryptocurrency anywhere and anytime.

    In keeping with one of their primary objectives of helping users attain financial freedom, Binance introduced a tool called Transfer Crypto that enables you to transmit any amount of cryptocurrency to your dear ones for free.  

    The crypto exchange intends to increase user access to secure remittance by eliminating the minimum amount requirement that many other transfer services impose.

    The new Binance Gift Card Marketplace

    The Binance app now features its gift card features in the new-look Gift Card Marketplace, which has also introduced some great new features. Let’s have a look.

    Fixed-Value Gift Card

    Fixed-Value Gift Cards are denominated in stable currencies like fiat or stablecoins instead of their underlying cryptocurrency. Let’s say that you want to gift some ETH to a friend. Instead of loading up a gift card with ETH, you could purchase an ETH Fixed-Value Gift Card. 

    For example, if you purchase an ETH Fixed-Value Gift Card with 100 BUSD, the recipient will be able to redeem the gift card for 100 BUSD worth of ETH at any time, getting ETH equivalent to the market rate at the time of redemption.

    Fixed-Value Gift Cards allow you to avoid the unfortunate scenario where the value of the cryptocurrency you’re sending decreases before your recipient redeems the gift card.

    Gift Card with Cashback

    The Gift Card Marketplace now offers special gift cards with a cashback feature. If you purchase such a gift card, you will receive another gift card as cashback. You can then redeem the gift card to get some extra crypto. However, gift cards with cashback are only available in limited quantities, and are distributed to users on a first-come, first-served basis.

    As an example, the Gift Card Marketplace recently featured a gift card where users would receive a 3 DEGO gift card if they purchased a 100 DEGO gift card.

    Gift Card Mystery Box

    Gift Card Mystery Boxes provide the chance of getting more than you paid for out of your gift card. When opening a Gift Card Mystery Box, you will get a random reward multiplier that can potentially be significantly larger than the amount you paid for the Mystery Box. The worst-case scenario is that you get what you paid for—you are guaranteed to redeem at least your participation fee, and potentially more.

    Now that we’re up to speed with the new features introduced by the Binance Gift Marketplace, let’s go through the process of how you can create, send and redeem gift cards on Binance.

    How to Send and Redeem Gift Cards

    Here, we will summarize how you can create and redeem Binance gift cards in simple-to-follow steps:

    Send gift cards

    1.     Open the Binance App. Then, select “Wallets” to move cryptocurrency from your Spot Wallet to your Funding Wallet.

    Binance app wallet

    2. Visit the home page and select “Profile” – “Gift Card”, then hit the yellow “Plus” icon.

    Binance app gift card

    3.     Choose “Send Gift Card”. Then, select the crypto you wish to transfer and enter the payment amount. The appearance of your gift card can also be changed. To proceed, click “Buy Now”.

    Binance gift card

    4. To validate the transaction, enter your 2-Factor Authentication code. Your Funding Wallet will be adjusted to reflect the amount.

    5. Gift card has been created successfully.

    6. The gift card you created can now be sent to the recipient of your choice. 

    Redeem gift cards

    1. After logging in, go to your profile and select “Gift Card” from the menu.

    2. Click “Redeem.”

    3. Select “Redeem” and enter the 16-digit number from your gift card.

    4. Once done, you have successfully redeemed your gift card.

    How to Redeem and Convert Binance Gift Card to Fiat

    One of the new, exciting features on Binance is the ‘Redeem and Convert to Fiat’ function. It makes it easy for users to convert their Binance Gift Card to Fiat currency.  

    Once users receive Binance Gift Cards, they can easily convert it to fiat currency by following these simple steps:Start by logging into your Binance app and selecting “Profile” – “Gift Card”.

    1. Select “Redeem” and then “Redeem & Convert to Fiat”.
    Binance redeem gift card

    2. After entering the Gift Card redemption code, choose the fiat currency you want to convert the cryptocurrency into. To continue with the cryptocurrency to fiat conversion on Binance P2P, click “Next”.

    Binance redeem gift card to fiat

    3. If the platform allows for the conversion of your cryptocurrency, the user will be redirected to Binance P2P. To move on to the “Sell” page, carefully read the instructions and tutorial before tapping “Confirm”.

    4. Tap “Sell with 0 Fee” after entering the amount of cryptocurrency to convert. Your requirement-matching order will be generated automatically.  

    5. The best crypto price currently offered on the P2P market will be used to match your order, and it will then be converted into the local currency of your choice.

    6. The cryptocurrency amount will be credited to your Funding Wallet if the Redeem & Convert to Fiat function does not support the cryptocurrency in your Gift Card. By clicking “View my funding wallet”, you can view your balance.  

    Conclusion

    The Binance Gift Card enables faster and easier transactions in the crypto space and can be used by both Binance users and non-Binance users.  

    With its array of services including, sending, receiving, and redeeming gifts, the Binance Gift Card simplifies transactions for users, making it an added advantage for both crypto users and non-crypto users.  

  • Fast-Growing Move-To-Earn Game Walken Records Two Million Registered Users Amidst Bearish Crypto Market

    Fast-Growing Move-To-Earn Game Walken Records Two Million Registered Users Amidst Bearish Crypto Market

    Walken Records Two Million Registered Users

    Key highlights:

    • Walken surpassed two million registered users a few months after hitting one million players
    • The Walken platform is set to add new updates and special events to its app

    Walken, a fast-growing move-to-earn platform, has made significant strides in its growth regardless of the current bearish market conditions. 

    Following its 1 million registered players celebration in August, the project has quickly moved on to add another 1 million players. Based on the publication made available to the press, the project has now surpassed over 2 million active players. 

    Walken is a Move-to-Earn mobile app that uses the movement detection capabilities of standard smartphones and wearable devices to capture the step counts of users, who are then rewarded with WLKN tokens for in-app gameplay and NFTs.

    The project has seen substantial community growth, despite only being in beta testing for five months. The increasing interest in the project can be attributed to its tokenomics and addictive gameplay. 

    Other contributing factors to Walken’s success includes its CAThletes, convenient user interface alongside a no entry barrier. Walken’s vision is centered around promoting a better lifestyle for everyone. 

    The recent 2 million registered users milestone symbolizes a growing interest in user empowerment and decentralization in general. Thus, the Walken team has reassured its commitment to onboarding millions of users from web2 to web3. 

    Walken is set to add new updates and special events 

    Walken’s team also promised to continue building, even in the face of the current crypto market conditions. Consequently, the team disclosed some of its planned special events and updates. The plans include Walken Earn, Walken Runner and CAThlete Merge Event, amongst others. 

    While the Walken Runner is the first hyper-casual game of the ecosystem, the Walken Earn event would allow users to stake WLKN tokens under fixed or flexible terms. Through this, they hope to achieve a broader token utility and player empowerment. 

    Similarly, the CAThlete Merge Event would allow users to exchange 2 CAThletes for 1 CAThlete. This exchange would come with a guaranteed higher rarity than common. Performing Daily Tasks on the platform would also contribute to a diversified and exciting experience alongside befitting rewards. 

  • 5 Reasons Why I Use Binance Margin, and Why You Should Too

    5 Reasons Why I Use Binance Margin, and Why You Should Too

    Binance cryptocurrency exchange

    Binance Margin is a cryptocurrency investment platform that enables traders to magnify their exposure to digital asset markets by borrowing capital from a third party. Binance’s margin trading platform offers several benefits over its crypto competitors, namely the large selection of supported tokens, low fees, and high liquidity.

    In this article, I am going to explain why I have chosen Binance Margin as my preferred platform, how I use margin to pursue profitable investments, and what are the differences between Binance Margin and competing platforms.

    Trade BTC with Leverage on Binance Margin

    Why do I use Binance Margin?

    To be frank, there is no single reason why I have chosen to use Binance Margin. I remember first trying out the platform soon after its launch in 2019, and I was immediately impressed with the interface, large selection of trading pairs, and leverage options. It seems that many crypto investors shared this sentiment as Binance’s margin solution had quickly risen through the ranks and became the leading platform in the sector. 

    The ability to borrow extra funds in exchange for an interest rate payment in order to enter larger trades than my portfolio allowed quickly piqued my interest. This was especially the case as the crypto market was in a prolonged slump following the 2018 market crash, which led to Bitcoin and other assets trading mostly sideways for the better part of 3 years, between 2018 and 2021.

    Somewhat bored by the slow spot trading action at the time, I turned my attention to margin trading. It allowed me to pursue leverage trades that turned small market movements into decent profit-making opportunities. It’s true that crypto futures instruments could have fulfilled a similar role, but I was always somewhat taken aback by the idea of trading derivatives instead of physical assets. It’s just a preference I have, I guess. 
    If you find the differences between Margin and Futures platforms somewhat confusing, Binance’s table below can help you gain a better understanding.

    difference between binance margin and futures platforms
    Image source: Binance

    If you have additional questions regarding the two trading platforms, I recommend reading Binance’s excellent article on the topic.

    Let’s proceed by discussing the benefits of margin trading on Binance.

    5 benefits of using Binance Margin

    Let’s give over 5 main reasons why you should give the Binance Margin platform a try. Keep in mind that this selection is derived from my personal use of Binance Margin over the years, and should not be taken as a definitive list of Binance Margin’s best features.

    Ability to magnify trading profits

    In my opinion, the whole purpose of Binance Margin, and its main benefit, is to allow traders to pursue higher potential returns than what is possible when trading with no leverage. 

    Here’s how that works in practice: Imagine buying 1 ETH for $1,000. It then rallies to $2,000. If we sell it, we make a profit of $1,000. Meanwhile, using margin funds to secure a 2:1 leverage (effectively borrowing 1 ETH, while staking our existing 1 ETH as collateral), the same market move would generate a profit of $2,000 (after repaying the 1 ETH that we’ve borrowed).

    The simplified example above showcases the power of margin trading. However, there is a caveat you must be aware of. When trading on margin, negative market activity can result in liquidation. If we were to long ETH and it dropped from $1,000 to $500 while using 2:1 leverage, we would be in very real danger of liquidation, losing the entirety of our starting 1 ETH position in the process. In this case, we would have to respond to the margin call by depositing additional collateral to cover potential losses.

    The bottom line here is that margin trading magnifies moves in the crypto market, both positive and negative. For this reason, risk management tools, like take-profit and stop-loss orders, are crucial.

    Isolated and cross-margin options

    a screenshot highlighting isolated and cross margin options on binance

    Isolated Margin places a restriction on the maximum amount of funds that can be used to margin trade, by limiting it to funds that are reserved for a particular trading position. When a trade goes bad, only the trading position that has been negatively affected can be liquidated.

    On the other hand, Cross-margin is designed to offset losses from a particular position across a range of other positions in a trader’s margin account. This makes meeting margin requirements less of a hassle, however, a bad trade can liquidate all margin positions.

    If you are just starting out, I suggest that you stick to isolated margin. Once you get more comfortable with swings and responding to margin calls, you can switch to cross-margin to attain higher potential returns.

    Make “long” and “short” trades

    With Binance Margin, users can make a profit regardless of the direction of price movement. You’ve probably heard of it before – going long, or longing, refers to buying a digital asset with the intention of selling it back at a higher price in the future. The difference between the initial buy price and the eventual sell price is considered a long trader’s profit.

    Conversely, going short, or shorting, refers to a trading practice of selling a digital asset with the intention of buying it back at a lower price sometime in the future. The difference between the initial sell price and the eventual buy price is pocketed by a short trader as profit.

    As opposed to “regular” spot trades, margin trading enables investors to benefit from price changes, no matter whether these changes take place in the red or green zone.

    Up to 10x leverage

    Binance users can use up to 10x leverage when margin trading. In other words, they can 10x their exposure to crypto markets by using borrowed funds.

    However, not all trades can be leveraged by the maximum amount. Whereas isolated margin trades feature leverage of up to 10x, cross-margin trades can’t be conducted with a leverage level of more than 3x. The reason for this is the inherent risk difference between the two margin options (see the Isolated and cross-margin options section above).

    600+ trading pairs

    The Binance cryptocurrency exchange’s popularity is deeply rooted in its support for countless cryptocurrencies. This fact carries over to Binance Margin as well. There are currently more than 600 trading pairs available, most of which feature high liquidity and low slippage. 

    Contrary to many other platforms, Binance provides trading pairs in combination with not only USDT or BTC, but also with ETH, BUSD, and DOGE. This unlocks additional avenues for Binance users looking to trade crypto with as few restrictions as possible.

    Binance Margin trading tips

    I follow several broad guidelines when trading on margin with Binance, and the reason for this is simple – leverage. As we all know, the crypto marketplace is a volatile place. Exposing oneself to additional volatility via leverage must be done with utmost caution and a strategic mindset. I assembled a couple of tips that have helped me become a better margin trader. Hopefully, they can help you as well.

    Understanding margin-related terminology 

    To give yourself the highest chance of success, you really should learn about the terminology and other intricacies of margin trading. You should have comprehensive knowledge of terms like collateral, margin funds, margin maintenance, margin call, and so on. Check this helpful article from Binance Academy for more information about the subject.

    Analytical mindset

    The ability to analyze charts and identify market trends is paramount to forming sound entry and exit strategies. This doesn’t necessarily mean becoming a technical analysis guru, but learning about market indicators like Simple Moving Average (SMA) and Relative Strength Index (RSI) can greatly benefit you in the long run. Also, fundamental analysis can offer a birds-eye view of the sector and give insights into broader trends that shape the market.

    Portfolio diversification

    As the old saying goes, don’t put all your eggs in one basket. In other words, don’t let your entire crypto portfolio’s performance hinge upon the success or failure of a single digital asset. You should look to hedge your bets whenever possible. For example, you might think that the crypto gaming sector as a whole holds immense upside potential in the long term. Instead of going all in on a single project, you could instead go long on several gaming projects. It’s true that some amount of theoretical ROI is most likely sacrificed when doing so, but the risk of ruin becomes infinitely smaller as well. 

    How does Binance Margin compare to other platforms?

    Here’s a quick look at three of the most popular crypto exchanges that support spot margin trading. Let’s see how Binance bodes against Kraken’s and KuCoin’s respective margin offerings.

    BinanceKrakenKuCoin
    Opening fee0.02%0.02%/
    Borrow daily interest 0.017%0.06%0.015%
    Maintenance margin 10%/5%
    Max leverage10x5x10x
    Supported coins150+23100+
    Trading pairs600+141500+
    Coins trading againstUSDT, BUSD, BTC, ETH, DOGE, fiatUSDT, USDC, BTC, fiatUSDT, USDC, BTC, ETH

    All data in the table above was collected on November 24, and fees are based on regular rates, not accounting for any VIP bonuses, promotions, or other discounts that the exchanges might offer. Also, data can vary greatly between different currencies – the info presented in the table is the lowest that we could find for each exchange (across isolated and cross-margin pairs). The “/” symbol means that we couldn’t find reliable information.

    Final thoughts

    Binance Margin is arguably the best platform for margin trading in the cryptocurrency industry. It features competitive rates, the largest selection of digital assets, and high-leverage options, to name just some of its benefits. Hopefully, this article helped you gain a better understanding of Binance Margin and margin trading in general.

  • BinaryX Releases Concept Art for World Building MMO CyberLand

    BinaryX Releases Concept Art for World Building MMO CyberLand

    Singapore, Singapore, 24th November, 2022, Chainwire

    BinaryX has confirmed that it is working on a new free-to-play, play-to-own game, CyberLand, an open-world MMO powered by blockchain technology. The team just released the concept video which gives a first look of the terrains and features of the game. 

    Free-to-play, Play-to-Own

    CyberLand marks BinaryX’s official transition away from play-to-earn models, and is their first-ever play-to-own game in the metaverse. As a play-to-own game, players have a high degree of freedom in resource production. Players can choose to develop their own assets, construct their own buildings and farm their own products and materials to build their empire. These assets can also be fully traded on the open market. 

    The team wanted to make a game that is not only visually impressive and entertaining to play, but also lets players create value incrementally, so that players can feel a greater sense of ownership and be able to enjoy the game for much longer than the typical Web3 games. 

    The Story of CyberLand 

    The player’s journey in the game begins in a pristine open world with rich natural resources. The player must then explore the vast lands to find resources, invent technologies and develop their land to survive, and eventually build an empire. The game is similar to traditional 4X strategy games. Players get to write their own stories and determine their own fate within the game. 

    Players will face off against dangerous monsters within the lands. The stronger the monsters, the more precious the resources. Players must fend against the threat of monsters while collecting resources.

    The Four Lands of CyberLand

    CyberLand currently consists of four terrains: snowfield, plains, desert, and swamps. Each type of land has its own unique resources and is guarded by different monsters. The resources are not known to the player at the beginning of the game, and it is up to the player to search, mine or hunt their own resources. The name of the game is asset ownership, which means that the player gets to own the land that they purchase as an NFT. 

    100% Player Driven, Off-chain Trading Economy 

    The game consists of an in-game trading marketplace which is completely off-chain. All transactions of in-game resources can be completed within the game without incurring any gas fees. They can also be transferred to on-chain assets and can be traded on DEXes and CEXes respectively. 

    The marketplace is also completely player-driven, which means players can trade their land on the marketplace, and determine prices of land and resources by selling the goods they produce from their land in the marketplace. The game also mimics the actual trading economy in a peer-to-peer marketplace, where the supply and demand of resources being sold on the market directly affect the prices of resources in the marketplace. 

    CyberLand will use $BNX as the main native currency. $BNX can be used in the game for buying land, or as a reward from player participation in leaderboard competitions. 

    Upcoming Features 

    In preparation for the beta release, the BinaryX team is working on developing more cool features for the game, including introducing SocialFi features where players can create, manage, and upload monetized content on a shared network while expanding their empire. 

    The team is also working on an on-chain wallet for seamless cryptocurrency transactions within the game, and designing new playable areas and maps for future DLC releases. 

    “CyberLand is our attempt at making Web3 games bigger and better. The industry has built a bad rep for various reasons, but we hope that CyberLand will be the first of many great games on the Web3 ecosystem. The team is working hard on the beta version of the game so that players can try it and see for themselves the potential of new free-to-play, play-to-own games. We thank everyone in our community for their support and we’re here to stay.” – Chun Sim, Global Head of Business Operations and Development of BinaryX.

    Watch the concept video here

    About BinaryX

    BinaryX is the GameFi platform behind play-to-earn games CyberDragon and CyberChess, both of which run on the BNB chain. 

    BinaryX began as a decentralised derivative trading system. The team gradually evolved into developing decentralised video games, and is now transitioning to becoming a GameFi platform offering IGO services to bridge Web2 developers to Web3. 

    As one of the top 10 projects on the BNB Chain, BinaryX has a vast community of more than 100k coin holders and 17K monthly active wallets. It is also one of the largest metaverse projects by trading volume on the BNB chain, with more than 400 million in market cap. BinaryX also has a token, $BNX, that has consistently demonstrated strong performance despite the bear market.

    For more details and information about BinaryX, please visit www.binaryx.pro 

    BinaryX whitepaper

    About BinaryX deck 

    Find us on social media: BinaryX | Twitter | Discord | Telegram | YouTube | Medium

    Contact

    Communications Lead
    Sammi K.
    BinaryX
    marketing@binaryx.pro

  • Best 2023 Crypto Investments: Bitcoin (BTC), Ethereum (ETH), and The Hideaways (HDWY)

    Best 2023 Crypto Investments: Bitcoin (BTC), Ethereum (ETH), and The Hideaways (HDWY)

    Bitcoin (BTC) and Ethereum (ETH) get in the lead of the latest crypto bull run which sent the industry’s value back to $1 trillion. Analysts believe this could be the start of a sustained recovery that could recover some of the losses made this year.

    Although a newcomer, The Hideaways (HDWY) is also seen leading the pack – the presale token is seeing huge demand thanks to a 100% bonus on all investments ahead of the price rising later this week. This offer ends soon, so make sure you buy now!

    Optimistic US Job Report Lifts Bitcoin (BTC) Price

    Bitcoin (BTC) jumps over the US Labor Department’s latest report showing 261,000 new job additions in October, showing a recovering macroeconomic condition. This is right after the Federal Reserve hiked interest rates by another 0.75% to curb the country’s growing inflation.

    Investors are recovering their appetite for crypto assets again, with Bitcoin (BTC) remaining the top choice. BTC hiked 3.41% in the latest charts, with the price hitting the $21,000 zone for the first time since September.

    Other cryptocurrencies receiving attention are Ethereum (ETH) and The Hideaways (HDWY) following their impressive gains in October.

    Bitcoin (BTC)’s 24-hour charts show an upward trajectory hinting the bull run has no plans to hit the brakes. This makes it attractive especially for short-term traders wanting to take advantage of the price volatility.

    Ethereum (ETH) Surges Above an Important Resistance Level

    Likewise, Ethereum (ETH) is tracking the positive momentum seen in the broader crypto market. ETH is last seen trading at $1,642.52 after successfully hitting above $1,600.00 after encountering multiple rejections in this zone.

    Analysts noted that such a win can open a rally toward $2,000.00 – a level we have not seen Ethereum (ETH) touch in a long time.

    On the downside, investors are growing concerned about the network’s censorship. The latest data shows Ethereum (ETH)’s OFAC-compliant blocks have grown 73%, driving attention towards projects that are truly decentralized like The Hideaways (HDWY).

    The Hideaways (HDWY) Looks to Hit +1,500% Before Presale Closes

    When it comes to decentralization and democratization, The Hideaways (HDWY) is a clear winner.

    The Hideaways (HDWY) is the first luxury real estate investment project to give investors an equal chance to vote on its property acquisitions – a true mark of real decentralization.

    The Hideaways (HDWY) backs its NFTs with real-world assets to ensure their stability. For as low as $100, investors are granted a steady and safe investment that is not only high-potential but is also a reliable passive income source.

    As it wraps its presale event this month, The Hideaways (HDWY) is forecasted to hit huge 15,000 gains in 2023.  You can still get it for a steal at $0.08 – it’s rising later this week so move now to secure your 100% bonus!

    Don’t miss your chance to make invest in the best project of 2023!

    Website: https://www.thehideaways.io

    Pre-Sale: https://ticket.thehideaways.io/register

    Telegram: https://t.me/thehideawayscrypto

    Twitter: https://twitter.com/hdwycrypto

    Disclaimer: This is a sponsored article. The views and opinions presented in this article do not necessarily reflect the views of CoinCheckup. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets.

  • US Intellectual Property Office Grants Full Patent Approval for Rewarded Video by Verasity

    US Intellectual Property Office Grants Full Patent Approval for Rewarded Video by Verasity

    London, United Kingdom, 23rd November, 2022, Chainwire

    Verasity, an open-ledger ecosystem designed to provide rewarded video services and prevent advertising fraud, announced today that it has received full patent approval for its rewarded video system and method in the United States (with international priority). The patent approval represents Verasity’s most significant milestone in protecting and licensing its rewarded video technology to date.

    Rewarded video is any type of incentivised viewing that provides rewards to users for watching a video. The rewarded video format is particularly popular in mobile gaming, where users may receive in-game credits, items, currency, or even traditional cash as a reward for watching video content or ads displayed within an app. All of these types of rewarded video would now fall under Verasity’s patent, entitled ‘System and Method for Reward Video Viewing’, and for which license fees will be due.

    Within the Verasity ecosystem, rewarded video is made available through a feature named Watch & Earn. Comprising a rewarded viewing video distribution module and a video player, Watch & Earn can present video content to a user and provide the viewer with marketplace credit based on the value of the video or advertisement they watch.

    However, Verasity’s awarded patent more broadly covers any video in any digital format for which a reward is granted to the viewer – opening up a whole host of new business and licensing opportunities.

    Highlighting the significance of the patent, R J Mark, Founder & CEO at Verasity, says:

    “Rewarded video is a huge and rapidly expanding market. This patent is the culmination of years of hard work by the Verasity team to secure an internationally recognised patent for the rewarded video market. This patent covers all forms of video where a user receives any type of reward for watching a video on a digital platform. Rewarded video has already been deployed by leading games companies such as Blizzard Activision, and major video platforms such as YouTube which may now be infringing our patent. As Verasity has been awarded the US patent for all forms of rewarded video, we intend to use this patent to its full effect, pursuing license opportunities for all platforms providing rewards to video viewers, which is now protected by our patent. The revenue generated from these license deals will be used for VRA buybacks.”

    The rewarded patent application can be viewed here. Verasity will now seek opportunities to license its rewarded video technology and ensure its intellectual property is protected within the scope of this patent for all forms of rewarded video.

    About Verasity 

    Verasity is an open-ledger ecosystem designed to fight advertising fraud, provide open access to infrastructure for publishers and advertisers, and reward users for watching video content. With product verticals in the advertising, eSports, and video player industries, Verasity ties together its ecosystem with its patented ‘Proof of View’ blockchain-based technology. The $VRA token, which is used for funding advertising campaigns, staking through VeraWallet, and distributing Watch & Earn rewards, is central to the Verasity ecosystem as a single utility token with a whole host of applications. Learn more about Verasity at www.verasity.io
       

    Contact

    PR Manager
    Simon Moser
    PolyGrowth
    simon@polygrowth-pr.com