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Sending and receiving tokens on Binance Web3 Wallet is a straightforward process. Here's a step-by-step guide: **Sending Tokens** 1. **Access your Binance Web3 Wallet.** Open the Binance app and tap on the "Wallets" icon. Then, switch to the "Web3" tab and tap on the wallet you want to send tokens from. [Image of Binance Web3 Wallet] 2. **Tap on the "Send" or "Transfer Now" button.** This will initiate the sending process. 3. **Enter the recipient's address.** Paste the recipient's wallet address carefully into the designated field. Make sure the address is correct to avoid sending tokens to the wrong address. 4. **Enter the amount of tokens you want to send.** Specify the amount of tokens you want to transfer. You can also adjust the gas fee, which is a network charge for processing the transaction. 5. **Review the transaction details and tap on "Confirm".** Double-check the recipient's address, the amount of tokens, and the gas fee before confirming the transaction. 6. **Complete the authentication process.** Depending on your security settings, you may be prompted to enter your password or use a two-factor authentication method to complete the transaction. 7. **The transaction will be processed and the tokens will be sent to the recipient's address.** You can track the transaction status in your wallet's history. **Receiving Tokens** 1. **Access your Binance Web3 Wallet.** Open the Binance app and tap on the "Wallets" icon. Then, switch to the "Web3" tab and tap on the wallet you want to receive tokens to. 2. **Tap on the "Receive" button.** This will display your wallet's receiving address. [Image of Receive button in Binance Web3 Wallet] 3. **Copy the receiving address.** Tap on the copy icon next to your wallet address to copy it to your clipboard. 4. **Share the receiving address with the sender.** Provide the sender with your wallet address so they can send you the tokens. 5. **Once the sender initiates the transaction, the tokens will be sent to your wallet.** You will receive a notification once the transaction is complete.
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What are the risks in Binance? Binance is a cryptocurrency exchange that allows users to buy, sell, and trade cryptocurrencies. Like any investment, there are risks associated with using Binance. Some of the most common risks include: Market risk: The value of cryptocurrencies can fluctuate significantly, and there is a material risk of economic loss when buying, selling, holding, or investing in crypto assets. Third-party risk: Binance relies on third parties, such as payment providers, custodians, and banking partners, to provide services. If one of these third parties fails, it could disrupt Binance's operations and result in losses for users. Security risk: Binance has been the target of several cyberattacks in the past. While the company has taken steps to improve security, there is always a risk that hackers could gain access to user funds. Regulatory risk: The cryptocurrency industry is still relatively new, and the regulatory landscape is evolving rapidly. Changes in regulation could have a significant impact on Binance's ability to operate. In addition to these general risks, there are also some specific risks associated with using Binance. These include: Liquidity risk: Binance is not a regulated exchange, and there is no guarantee that you will be able to buy or sell cryptocurrencies at a fair price. Counterparty risk: When you trade on Binance, you are counterparty to the exchange itself. This means that if Binance defaults on its obligations, you could lose your funds. Smart contract risk: Binance offers a variety of smart contract-based products. These products are complex and can be risky if you do not understand how they work. Overall, Binance is a high-risk investment. However, the company has a strong track record and is taking steps to mitigate risks. If you are considering using Binance, it is important to do your own research and understand the risks involved. Only invest money that you can afford to lose. #BinanceTournament #BTC #Airdrop #ORDI #tradinginfo Follow Me For More Update
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why you should trade on binance features ? Here are 10 reasons why you should trade on Binance: Wide Variety of Cryptocurrencies: Binance offers a wide variety of cryptocurrencies to trade, including Bitcoin, Ethereum, Litecoin, and many more. This gives you the opportunity to trade a wide range of assets and potentially diversify your portfolio. High Liquidity: Binance is one of the most liquid cryptocurrency exchanges in the world, which means that you can easily buy and sell cryptocurrencies without worrying about slippage. Low Trading Fees: Binance offers some of the lowest trading fees in the industry, which can save you money on your trades. Margin Trading: Binance offers margin trading, which allows you to borrow money to amplify your profits. However, margin trading can also amplify your losses, so it is important to use it with caution. Image of Binance margin trading Opens in a new window www.binance.com Binance margin trading Futures Trading: Binance offers futures trading, which allows you to speculate on the future price of a cryptocurrency. Futures trading can be complex and risky, so it is important to learn about it before you start trading. Staking: Binance offers staking, which allows you to earn rewards by holding certain cryptocurrencies. Staking can be a great way to earn passive income. NFT Marketplace: Binance offers an NFT marketplace, where you can buy, sell, and create NFTs. NFTs are non-fungible tokens, which are unique digital assets that can represent anything from artwork to collectibles. For more Follow me Trading Info #BinanceTournament #Binacne #CryptocurrencyExchange #Trading
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Why binance exit from Candy ? Binance has exited from Candy for several reasons, including: Regulatory scrutiny: Binance has faced increasing regulatory scrutiny around the world, and it has been forced to exit or limit its operations in several countries. This scrutiny has made it difficult for Binance to operate Candy, which is a decentralized exchange (DEX). DEXs are often seen by regulators as being more risky than centralized exchanges (CEXs) because they are not subject to the same level of oversight. Competition: The DEX market is becoming increasingly crowded, and it is becoming more difficult for Binance to attract users to Candy. There are now a number of other DEXs that offer similar features and benefits to Candy, and Binance is not able to compete effectively with these DEXs. Focus on other products: Binance is focusing on other products, such as its CEX and its futures trading platform. Binance believes that these products are more important to its long-term success than Candy. As a result of these factors, Binance has decided to exit from Candy. The company has not announced any plans to relaunch Candy in the future.
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Why trade on Binance? There are many reasons to trade on Binance, including: Security: Binance is one of the most secure cryptocurrency exchanges in the world. We use a variety of security measures to protect your funds, including cold storage, two-factor authentication, and multi-signature wallets. Liquidity: Binance is one of the most liquid cryptocurrency exchanges in the world. This means that you can easily buy and sell cryptocurrencies without having to worry about slippage. Low fees: Binance offers some of the lowest trading fees in the cryptocurrency industry. This means that you can keep more of your profits. Wide range of products: Binance offers a wide range of trading products and services to suit your needs, whether you are a beginner or an experienced trader. Get started with Binance Trading To get started with Binance Trading, simply create an account and deposit funds. You can then start trading cryptocurrencies on our spot, margin, futures, and options markets. Binance =>Trading Info For more information on how to trade on Binance, please follow Trading Info •
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