Keep breathing and come back stronger | Kheang Phanna on Binance Square

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Keep breathing and come back stronger 

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Put in on cooling bro….stay away from that gambling future thing. Leverage will kill all ur money

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#BinanceMegadropSolv Gchgyyyhhhhydxghuuuuuyfffrdddrrrshthdjydtjsjthtshtathwjtwtjwtjstjsjtwjtwtjwhtwthwjtwjtwtjwjtwtuwtuwtu

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#BitcoinHashRateSurge Yes, if you redeem early, you will also forfeit any Launchpool rewards earned during the locking period. Binance’s early redemption policy applies to all rewards associated with the locked product, including: • Daily APR rewards (from the locked staking product). • Launchpool or Megadrop rewards (if your locked BNB was allocated to these campaigns). When you redeem early, you’ll only get your principal amount back (e.g., $100), and all other rewards (like the $0.5 from APR or any Launchpool rewards) will be lost.

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#CryptoReboundStrategy If you’re worried about being tempted to trade futures on Binance Exchange, moving your funds to a Web3 wallet might be a safer option. Here’s a comparison to help you decide which is better for your situation: 1. Binance Exchange (Locked Staking or Flexible Staking) Pros: • Low Minimum: You can stake any amount of BNB, even as low as $1. • Easy to Use: Everything is managed within the Binance app—no need for external wallets. • High Security: Binance has strong security protocols to protect your funds. • Launchpool Rewards: You can earn extra rewards automatically from Launchpool events. • No Gas Fees: Staking or redeeming doesn’t require gas fees, unlike Web3 wallets. Cons: • Temptation to Trade Futures: Your funds are still accessible in your Binance account, so you might feel tempted to use them for high-risk activities like futures trading. • Custodial Risk: Binance holds custody of your funds. If something happens to Binance (e.g., hacks, regulatory issues), your funds could be at risk. 2. Web3 Wallet (e.g., Trust Wallet, MetaMask) Pros: • Self-Custody: You have full control of your BNB—Binance or any other entity doesn’t hold it. • No Temptation to Trade Futures: Since your funds are outside Binance Exchange, you can’t easily use them for trading. • Flexibility for DeFi: You can use your BNB for decentralized finance (DeFi) options like staking, liquidity pools, or NFTs. • Privacy: You don’t need to share your personal data, as Web3 wallets are decentralized. Cons: • Minimum Staking Requirement: Most validators require 1 BNB to stake directly on the Binance Smart Chain, so $50 is not enough. • Gas Fees: Transactions (like staking or unstaking) require small gas fees in BNB. • Higher Technical Knowledge: Managing a Web3 wallet requires you to securely store your seed phrase. Losing it means losing access to your funds forever. • Smart Contract Risks: If you use your Web3 wallet to stake through DeFi platforms, there’s a risk of bugs or hacks in smart contracts.

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