Explore Binance Square Now to Share 10,000 USDT in Rewards! All KYC-verified Binance users who log into their Binance accounts and complete the following tasks during the Activity Period will qualify for an equal share of the 10,000 USDT rewards pool. Please note that the reward per qualified participant is capped at 10 USDT in token voucher.
Tasks:
1) Set up your Binance Square profile (i.e., your nickname, avatar and bio).
2) Create one post or article on Binance Square.
3) Like and comment on five different posts or articles on Binance Square.
The one person whom I admire and follow most is cz binance. I admire him because he care for his users and is helping to spread crypto knowledge through binance academy.
In the realm of cryptocurrency exchanges, CZ Binance has emerged as a trailblazer, synonymous with innovation and triumph. Changpeng Zhao, commonly known as CZ, serves as the founder and CEO of Binance, the largest global platform for cryptocurrency exchange. Under CZ's guidance, Binance has achieved remarkable success, revolut
A great article to understand between custidial and non-custodial wallets.
Non-custodial wallets provides features such as security, transperancy and decentralisation.
It's important to note that non-custodial wallets also come with some responsibilities. Since you are solely responsible for managing your private keys, you must take appropriate measures to secure them and ensure you have proper backups. Losing access to your private keys could result in permanent loss of your funds. Therefore, it's crucial to educate yourself on best security practices and choose a reputable non-custodial wallet with a strong track record.
I don't understand why majority of people use custodial wallets
A lot of people, especially beginners, have all their crypto in custodial wallet sites, and I don't get it all. The point of crypto is decentralization, and self ownership of your assets. So if you are letting a company mange it for you, and most likely a non-decentralized one, then it's like you did nothing and might as well just use banks.
I always see the argument that noncustodial wallets are more complicated. While that may be true for some, for most it's not complicated by too much or at all.
For example, the Exodus wallet is a noncustodial one, giving you access to all your keys, and exodus is the definition of simplicity. Arguably, it's simpler than most custodial ones and has a better user interface. (I give Exodus as an example as it's the one I have used the most till now)
I get that custodial wallets might have features or benefits noncustodial ones don't have. But in my opinion, the assurance that I own my crypto, and will not lose it for some corporate excuse, is better for me than any benefits. Still, with that, noncustodial wallets can have plugins to give you some of those extra features. Exodus again, for example, it lets you install additional apps (plugins) that let you stake, bet, etc… Not only that, but it also supports the majority of the coins available, so you don't have to have the issue of managing many wallets. (Also, if something is making you benefit, then it's most probably they're benefiting from you even more.)
You don't trust yourself to keep your private keys safe? Then you shouldn't trust yourself with your credentials for custodial wallets either. It's easy to keep your keys safe, either in real life, or a backed up pass locked note protected by two-factor auth that's synced to multiple devices (like Authy).
Also, I think a reason why custodial wallets may be more popular is that they get much more marketed than noncustodial ones.
What do you think? And what noncustodial wallets do you suggest as well other than Exodus that you think are not hard to use, and offer useful features?
In 2020, I was exploring the world of cryptocurrency when I decided to purchase $2 worth of Dogecoin . Little did I know that my investment would soon skyrocket in value due to the sudden interest in Dogecoin spurred by Elon Musk's tweets. With the value of my investment increasing by a whopping 56 times its initial value, those were truly the golden days of cryptocurrency.
This experience ignited a strong passion within me to continue learning more about the exciting world of crypto and web3. Since then, I have been dedicated to expanding my knowledge and staying up-to-date with the latest developments in the field.
Blockchain is a revolutionary technology that is changing the way we think about data and transactions. It has the potential to transform many industries, from finance to healthcare to supply chain management. One of the most significant impacts of blockchain is its ability to decentralize data, making it more secure and transparent.
Blockchain technology has several potential use cases in daily life, including:
1. Secure Transactions: One of the most well-known uses of blockchain is in crypt
The Art of Crypto Trading: Tips and Strategies for Success
Crypto trading refers to the buying and selling of cryptocurrencies such as Bitcoin, Ethereum, and others through a cryptocurrency exchange. Crypto trading involves analyzing market trends, predicting future price movements, and executing trades based on that analysis. It can be a highly volatile market, with prices often fluctuating rapidly, but it also presents an opportunity for traders to make significant profits. However, it's important to understand that crypto trading also carries a high
My friend recently lost $500 that he had invested in a cryptocurrency project because he had not done enough research about the project. The project got hacked because they had not done any security audits, and the community was affected.
Read whitepapers, check the coin's website and social media presence. Find out what problem the coin is trying to solve and what the team behind the project looks like. Be sure to check the coin's t
The Rise of Meme Coins: Exploring the Controversial Trend in Cryptocurrency
$PEPE has been in talks after the massive returns it gave to its investor's. People are now in search of next meme coin which would make them millionaire.
While some meme coins have gained a significant following and market capitalization, it is important to note that they are generally considered to be highly speculative and risky investments. This is due in part to the fact that many meme coins lack a clear use case or value proposition beyond their novelty or cultural appeal, which can make
Tried binance sensei , an Ai powered personal blockchain teacher . It is a great tool to learn about blockchain and web3 . I asked #askbinancesensei about how to safeguard my binance account and it instantly suggested me some articles from binance academy . #Binance #BTC