Five ways to make money in the cryptocurrency world
Ambush potential coins in the primary market: On the road to becoming the chosen one, you must first cast a wide net to fish, ambush more coins you are optimistic about, pray that this coin has the opportunity to be listed and has a huge traffic hotspot, and become a coin that has increased thousands or tens of thousands of times, the recent MEME, last year's Audi, and the coins in your hands in the future. In this process, you must avoid scamming local dog project parties by yourself, and it depends on luck, so this road is also called the chosen one road.
Secondary market spot buyers: Master the four-year bull-bear cycle of the market and study the macro-historical trends. It is obviously impossible to buy Bitcoin at the price of 2012. In other words, you should participate in mainstream currencies appropriately in each financial cycle. When the tide rises, all boats will rise. Just buy in after the tide recedes. This has a lot to do with the historical environment and the big historical cycle. Be content with a small fortune.

Everyone will encounter a prompt when registering a cryptocurrency exchange.

The invitation code can only be filled in when registering. Figure 1 is the optional item that appears when registering on the APP. Figure 2 is the case when the invitation code is bound through a link or APP registration
The purpose of the invitation code is to save the expenses incurred by spot and contract transactions
Some old accounts may have forgotten whether they filled in the invitation code when registering. Now you can check whether the current account is bound

The invitation code is mainly for saving transaction fees. In fact, it is far more than the proportion shown in the picture. Check to see if you have bound it.

Many people, even if they do not trade cryptocurrencies, may have heard stories of players losing everything after a margin call.
Bitcoin is even referred to by some as a 'massive scam of the century.'
However, one undeniable fact is that cryptocurrencies, including Bitcoin, have become one of the fastest ways for ordinary people to gain massive wealth.
How many people in the world own over $1 million in crypto assets? The answer is 172,300! (This number continues to grow daily.)
Among them, the number of Bitcoin millionaires reached 85,400.

1. The number of Bitcoin millionaires has surged.

Fee rebate refers to the return of the fees generated from trading, but one point to note is that the safety and stability of the platform are the most important; fee rebates are secondary, and you should not lose big for small gains.
Benefits of opening a fee rebate:
First benefit: Players in spot contracts all know that every day you open and close positions, buy, and sell, the platform will deduct a certain fee from you.
For example, if you incur 1,000 USDT in fees on a spot or contract platform in a month, and you haven't opened the contract fee rebate, then that 1,000 USDT fee is taken by the platform. If you open the spot contract fee rebate, the platform will return a corresponding proportion of that 1,000 USDT to you, which can be considered free money, and trading is long-term, so accumulated fees can be quite significant.

I believe many old users registered on Binance a long time ago, and at that time, they didn't know about invitation codes,

had never heard of invitation codes.

The term 'invitation code' has become popular in the last two years.

However, some old users believe that they filled in an invitation code when registering on Binance.

Here’s a method to check if you filled in an invitation code when you registered.

Step 1: Open the small icon in the top left corner of the homepage
Step 2: Click on 'Invitation Rewards'
Step 3: Click on the top left 'Invitation Coupon Limited Edition' to adjust
Step 4: Select 'Super Commission'

Fee rebates are real in the cryptocurrency world. Many cryptocurrency trading platforms have rebate systems. Users fill in the relevant invitation code when registering and trade to get a certain percentage of the fee rebate.
The commission rebate is to return part of the commission generated by the transaction. The rebate ratio varies according to the platform fee rate. For traders, the commission rebate can greatly save a lot of transaction expenses and is also a disguised profit model.
Now that you know about the commission rebate, you should also understand how much the commission is actually generated.

In the digital currency market, there is a group of people who usually post their earnings charts on Weibo and social platforms to attract your attention.
When you think this person is awesome, you may be deceived. Of course, there are indeed awesome people, but most of them are fake exchanges, and the profit charts they post are all fake.
So I always say that choosing a reliable exchange is the first step for you to enter this circle. Here I only recommend two. Binance, OY
Both platforms have a copy trading area. Only those who are truly capable can apply to become a copy trader. You can choose a trader and follow his orders. I think this function is very powerful and more reliable than those big Vs on Weibo. You can understand it this way. These copy traders are fund managers in the cryptocurrency circle.

Many users found that they need to fill in the referral code when registering Binance. It is best to fill in one because it can reduce the handling fee. Since you have discovered this, let me explain to you in detail why you need to fill in the invitation code~

● What are the benefits of filling in the invitation code?

The Binance referral is an internal link certificate provided when inviting friends to register on Binance to prove that the user was invited by an old user.
If you don't have an invitation code, you can register directly. However, please note that there is a certain fee for accounts registered through invitation codes.

The transaction cost of the cryptocurrency exchange is only the handling fee (there is an additional funding fee in the perpetual contract, which will be mentioned later). This is unavoidable. Due to the mechanism of cryptocurrency trading, especially for intraday short-term trading, the handling fee will definitely be relatively high, so it is important to pay attention to it. If there is a rebate, a large amount of fees can be saved, which is equivalent to risk-free profit.

Cryptocurrency trading mechanism
24 hours a day, 365 days a year, no closing time, enter and exit at will
Spot trading: long only
Contract trading: You can go long or short, and you can add leverage, but there is a margin call mechanism, so it is not recommended.

Users who trade in the cryptocurrency circle may not know that there is a handling fee. Today, let’s talk about which transactions will incur handling fees? What are the handling fee rates? And how to save handling fees

Which transactions will incur fees?
There are two main trading modes in the exchange: spot (coin-to-coin) trading and contract trading.

Spot (coin-to-coin) trading
Spot trading is also called currency-to-currency trading. The currencies purchased through spot trading can be freely used by oneself and can be transferred to other exchanges or wallets.

Spot trading also requires a handling fee for buying and selling. A purchase fee of 0.1% is required, and a sale fee of the same rate is required.

The trading costs in the cryptocurrency space consist only of fees (there is an additional funding fee in perpetual contracts, which will be mentioned later), and this is unavoidable. Due to the trading mechanism in the cryptocurrency space, especially for intraday short-term trading, fees can be quite high, so it's important to pay attention. If there is a rebate, it can save a significant amount of costs, equivalent to risk-free profit.

Cryptocurrency trading mechanism.
Open 24 hours a day, 365 days a year, without a break, allowing for anytime entry and exit.
Spot trading: Can only go long.
Contract trading: Can go long, can go short, and can use leverage; however, there is a liquidation mechanism, not recommended.

Old investors in the crypto circle should know how frightening the commissions for high-frequency trading in contracts can be. Many who want to understand the crypto market are not clear on how much commission trading will incur.
Cryptocurrency exchanges can be roughly divided into two major trading models: spot (crypto-to-crypto) trading and contract trading.

Spot (crypto-to-crypto) trading
Spot trading is similar to stocks; you can only buy bullish, buying low and selling high. However, both buying and selling require a commission.

Taking Binance, a leading platform, as an example, the spot single-side commission rate is 0.1%.
The current price of Bitcoin is 65000 USDT, and buying and selling requires a commission of 130 USDT.
However, there are many preferential policies at Binance. Holding BNB can deduct 25% of the commission, and some trading pairs do not even require a commission for limit orders, greatly reducing user expenses. If there are rebates, some commissions can be refunded.

Do you all know what the biggest cost in trading is? That's right, it's the transaction fee.
Old players in the crypto world should all know how scary the transaction fees for high-frequency trading are.

Currently, Binance has the lowest fees among the three major exchanges, but the total accumulated each month still results in a lot of trading fees for many partners.

Especially for brothers who frequently trade contracts, the fees are not a small amount.

Have you ever calculated a bill carefully?
Brothers who trade contracts often do so frequently every day, do you know how much you spend on fees!!!
To make one contract:
Opening fee 5u, closing fee 5u, total 10u.

The results of the 2024 U.S. presidential election have emerged, with the Decision Desk Headquarters (DDHQ) announcing that Republican presidential candidate Trump has secured 270 votes, defeating Democratic presidential candidate Harris's 213 votes, thus beginning his second presidential term.

On Wednesday (November 6), at the close of trading in Asia, the dollar and Bitcoin surged again, while gold plummeted to $2,710.

Gold Daily Chart
Bitcoin Daily Chart
Trump won the presidential election, having left Washington four years ago under a cloud of disgrace and an uncertain political future, and now he has finally secured a second term. DDHQ made this decision after announcing that Trump is expected to win Pennsylvania and Alaska (which gives him exactly 270 electoral votes).

To all in the cryptocurrency space, whether you are a long or short-term trading expert in spot contracts, a big player in project investments, or friends chasing airdrops and white lists.
What phones and configurations does everyone use? Which phone do you think is more convenient and safer in the cryptocurrency space?
Let's take a look at the sharing from experienced users:
A:
Two Apple phones are sufficient.
1. Why use Apple? Mainly because Xiaomi, Huawei, and other phones are said to have anti-Z software built-in at the factory, which can track what you're doing. You might not believe it, but I used to use Xiaomi, and my OKX and Binance apps were often automatically deleted. So, if you can use an Apple, go for it. However, if you're a student and your funds in the cryptocurrency space are only a few thousand to tens of thousands, using Android is fine. Switch to Apple when your funds grow larger.

In the cryptocurrency trading market, choosing an exchange with low fees is crucial for traders. Binance, as a well-known digital asset trading platform, has attracted a large number of users. However, it is essential for traders to understand and compare their fees.

Veteran traders in the crypto circle should know how frightening the fees for high-frequency trading contracts can be. Newcomers should also understand the fees generated from trading in the crypto world and what fee rebates are. No matter what trading mode, fees will be incurred, both for buying and selling.

In the cryptocurrency trading market, choosing an exchange with low fees is crucial for traders. Binance and OKEx, as well-known digital asset trading platforms, have attracted a large number of users. However, for traders, understanding and comparing their fees is essential. This article will compare the fees of Binance and OKEx to help you decide which exchange is more suitable for your trading needs.

1. Binance Exchange Fee
Binance is one of the largest cryptocurrency exchanges in the world, with a rich variety of trading pairs and deep liquidity. Its fee structure is relatively complex, determined by users' trading volume and the amount of BNB (Binance Coin) held.

Veteran crypto traders should know how shocking the fees for high-frequency contract trading can be. Newcomers should also understand how much fees are generated in crypto trading and what fee rebates are. Regardless of the trading model, fees will be incurred for both buying and selling.
Different exchanges charge different fee rates, and the corresponding promotional policies also vary.
Crypto exchanges can be roughly divided into two major trading models: spot (crypto-to-crypto) trading and contract trading.
Spot trading is similar to stocks; you can only buy low and sell high, but both buying and selling incur fees.

In the crypto world, I've heard too many stories of overnight wealth. "In a bull market, there's no reason to lose money."
In the crypto world, I've heard too many stories of overnight wealth. "In a bull market, there's no reason to lose money," this saying makes new investors unable to resist investing, and like a knife, it keeps cutting into their flesh over and over again.
In the 'crazy first year of cryptocurrencies,' Bitcoin rose from $1000 to a peak of $3000, Ethereum skyrocketed from $8 to 50 times its value, and other smaller market coins increased by hundreds or even thousands of times. In any investment market, this is unbelievable. We were surprised to find that 'doubling assets overnight' is not a joke, but a real experience in this feast.