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The Evolution of Bitcoin: From Digital Cash to Digital GoldBitcoin (BTC) was introduced in 2008 by the pseudonymous Satoshi Nakamoto as a decentralized peer-to-peer payment system, free from centralized control. The network officially launched on January 3, 2009, with the mining of its genesis block. Over time, Bitcoin has evolved beyond its original purpose as digital cash into a store of value, earning the nickname "digital gold." Its key featuresā€”transparency, borderless transactions, and financial inclusionā€”have cemented its role in the global financial landscape. Bitcoin vs. Traditional Money Unlike government-issued currencies (like the USD or EUR), which are controlled by central banks, Bitcoin operates on a decentralized network. Transactions occur directly between users without intermediaries and are permanently recorded on a public blockchain. One of the most famous early Bitcoin transactions took place on May 22, 2010, when Laszlo Hanyecz paid 10,000 BTC for two pizzasā€”worth over $820 million at todayā€™s prices. This event, now celebrated as "Bitcoin Pizza Day," highlights Bitcoinā€™s early use as a medium of exchange. Solving the Double-Spending Problem A major challenge for digital currencies is double-spendingā€”where the same token could be spent twice. Traditional finance prevents this through centralized authorities (like banks). Bitcoin solves this issue with decentralization, using a public ledger (blockchain) to ensure security and transparency. Each Bitcoin transaction is broadcast to a global network of nodes, verified, and recorded in blocks. These blocks form an immutable chain, secured by Proof-of-Work (PoW) mining. Miners solve complex cryptographic puzzles to validate transactions, preventing fraud and maintaining network integrity. Bitcoin Transactions & Security Bitcoin transactions occur between digital wallets, secured by public keys (like an IBAN) and private keys (like a password). While transactions are pseudonymous, all activity is permanently recorded on the blockchain, ensuring transparency. Unlike traditional banking, Bitcoin operates 24/7, without restrictions. Its hardcoded scarcity (only 21 million BTC will ever exist) and decentralized security have positioned it as a store of valueā€”akin to digital gold. Bitcoin vs. Bitcoin Cash: The Scalability Debate In 2017, concerns over Bitcoinā€™s scalability led to the creation of Bitcoin Cash (BCH), a fork of Bitcoin. BCH increased the block size from 1MB to 8MB for faster, cheaper transactions. However, Bitcoinā€™s commitment to security and scarcity drove its adoption, pushing its price to over $9,000 that yearā€”and beyond. Why Bitcoin is the Ultimate Store of Value For an asset to be a reliable store of value, it must be secure, scarce, and widely recognized. Bitcoin meets all three criteria: āœ… Fixed supply ā€“ Only 21 million BTC will ever exist (95% already mined). āœ… Decentralized security ā€“ Protected by a global network of miners. āœ… Global adoption ā€“ Recognized as a hedge against inflation and economic instability. Bitcoinā€™s innovation has reshaped finance, offering a censorship-resistant, borderless financial system that could redefine money for generations. Disclaimer This article is for educational purposes only and not financial advice. Cryptocurrency investments carry risksā€”always DYOR (Do Your Own Research) before investing. #Bitcoin #BTC #DigitalGold #bitcoinpizzaday #BitcoinCash $BTC {spot}(BTCUSDT) $BCH {spot}(BCHUSDT) $BTTC {spot}(BTTCUSDT)

The Evolution of Bitcoin: From Digital Cash to Digital Gold

Bitcoin (BTC) was introduced in 2008 by the pseudonymous Satoshi Nakamoto as a decentralized peer-to-peer payment system, free from centralized control. The network officially launched on January 3, 2009, with the mining of its genesis block. Over time, Bitcoin has evolved beyond its original purpose as digital cash into a store of value, earning the nickname "digital gold." Its key featuresā€”transparency, borderless transactions, and financial inclusionā€”have cemented its role in the global financial landscape.

Bitcoin vs. Traditional Money

Unlike government-issued currencies (like the USD or EUR), which are controlled by central banks, Bitcoin operates on a decentralized network. Transactions occur directly between users without intermediaries and are permanently recorded on a public blockchain.

One of the most famous early Bitcoin transactions took place on May 22, 2010, when Laszlo Hanyecz paid 10,000 BTC for two pizzasā€”worth over $820 million at todayā€™s prices. This event, now celebrated as "Bitcoin Pizza Day," highlights Bitcoinā€™s early use as a medium of exchange.

Solving the Double-Spending Problem

A major challenge for digital currencies is double-spendingā€”where the same token could be spent twice. Traditional finance prevents this through centralized authorities (like banks). Bitcoin solves this issue with decentralization, using a public ledger (blockchain) to ensure security and transparency.

Each Bitcoin transaction is broadcast to a global network of nodes, verified, and recorded in blocks. These blocks form an immutable chain, secured by Proof-of-Work (PoW) mining. Miners solve complex cryptographic puzzles to validate transactions, preventing fraud and maintaining network integrity.

Bitcoin Transactions & Security

Bitcoin transactions occur between digital wallets, secured by public keys (like an IBAN) and private keys (like a password). While transactions are pseudonymous, all activity is permanently recorded on the blockchain, ensuring transparency.

Unlike traditional banking, Bitcoin operates 24/7, without restrictions. Its hardcoded scarcity (only 21 million BTC will ever exist) and decentralized security have positioned it as a store of valueā€”akin to digital gold.

Bitcoin vs. Bitcoin Cash: The Scalability Debate

In 2017, concerns over Bitcoinā€™s scalability led to the creation of Bitcoin Cash (BCH), a fork of Bitcoin. BCH increased the block size from 1MB to 8MB for faster, cheaper transactions. However, Bitcoinā€™s commitment to security and scarcity drove its adoption, pushing its price to over $9,000 that yearā€”and beyond.

Why Bitcoin is the Ultimate Store of Value

For an asset to be a reliable store of value, it must be secure, scarce, and widely recognized. Bitcoin meets all three criteria:
āœ… Fixed supply ā€“ Only 21 million BTC will ever exist (95% already mined).
āœ… Decentralized security ā€“ Protected by a global network of miners.
āœ… Global adoption ā€“ Recognized as a hedge against inflation and economic instability.

Bitcoinā€™s innovation has reshaped finance, offering a censorship-resistant, borderless financial system that could redefine money for generations.

Disclaimer
This article is for educational purposes only and not financial advice. Cryptocurrency investments carry risksā€”always DYOR (Do Your Own Research) before investing.

#Bitcoin #BTC #DigitalGold #bitcoinpizzaday #BitcoinCash

$BTC
$BCH
$BTTC
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Bullish
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Bullish
Today, we celebrate a unique event in the cryptocurrency world: Bitcoin Pizza Day1. This day marks the anniversary of the first-ever real-world Bitcoin transaction2. On May 22, 2010, a programmer named Laszlo Hanyecz purchased two pizzas for 10,000 BTC, which were worth only around $30 at the time2. This transaction has gone down in history as it demonstrated the potential of Bitcoin as a means of payment for everyday items1. Today, those 10,000 bitcoins used to buy two pizzas would be worth about 300 million USD3. Every year on May 22, the global crypto community comes together to celebrate this historic event1. Itā€™s a reminder of how far Bitcoin has come since its inception and the potential it holds for the future.$BTC $BTC #bitcoinpizzaday #BinanceLaunchpool #PEPEā€ #CryptoHistory #pizzaday
Today, we celebrate a unique event in the cryptocurrency world: Bitcoin Pizza Day1. This day marks the anniversary of the first-ever real-world Bitcoin transaction2. On May 22, 2010, a programmer named Laszlo Hanyecz purchased two pizzas for 10,000 BTC, which were worth only around $30 at the time2.

This transaction has gone down in history as it demonstrated the potential of Bitcoin as a means of payment for everyday items1. Today, those 10,000 bitcoins used to buy two pizzas would be worth about 300 million USD3.

Every year on May 22, the global crypto community comes together to celebrate this historic event1. Itā€™s a reminder of how far Bitcoin has come since its inception and the potential it holds for the future.$BTC $BTC

#bitcoinpizzaday #BinanceLaunchpool #PEPEā€ #CryptoHistory
#pizzaday
May 22nd marks Bitcoin Pizza Day, a celebration of the first real-world transaction using Bitcoin šŸ“Š. In 2010, Laszlo Hanyecz offered 10,000 BTC to anyone who could get him two Papa John's pizzas delivered šŸ•šŸ‘. Jeremy Sturdivant took him up on the offer, and the two pizzas were purchased for a total of $25 šŸ’ø. Today, those 10,000 BTC would be worth over $250 million! šŸ’øšŸ˜± The event symbolizes the humble beginnings of Bitcoin and its potential for growth šŸš€." #Bitcoin #bitcoinpizzaday #pizzaday #write2earn #dyor
May 22nd marks Bitcoin Pizza Day, a celebration of the first real-world transaction using Bitcoin šŸ“Š. In 2010, Laszlo Hanyecz offered 10,000 BTC to anyone who could get him two Papa John's pizzas delivered šŸ•šŸ‘. Jeremy Sturdivant took him up on the offer, and the two pizzas were purchased for a total of $25 šŸ’ø. Today, those 10,000 BTC would be worth over $250 million! šŸ’øšŸ˜± The event symbolizes the humble beginnings of Bitcoin and its potential for growth šŸš€."

#Bitcoin #bitcoinpizzaday #pizzaday #write2earn #dyor
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Bullish
#BITCOIN PIZZA šŸ• šŸ«£šŸ‘‡šŸ» MUST READšŸ‘‡šŸ»šŸ‘» šŸ˜‚DO YOU KNOW WHY BITCOIN CELEBRATE THE PIZZA šŸ• DAY LET ME TELL YOUšŸ˜… Bitcoin Pizza On May 22, 2010, the software developer under the nickname Laszlo bought two of the most expensive pizzas ever sold. At that time, the cost of bitcoins was nominal, and the first miners simply did not know where to put their "funny money". And Laszlo on one of the bitcoin forums said that he would pay 10 thousand coins to whoever delivered him two pizzas. At that time, the deal looked completely ordinary, at that rate Laszlo did not overpay for his fateful dinner, but already in August of that year, two pizzas cost him $600. As of today, Laszlo has bought two pizzas for $70 million. Every year on May 22, Bitcoin pizza day is "celebrated."#bitcoinpizzaday #binancefunynews #BullorBear #HotTrends $BTC
#BITCOIN PIZZA šŸ•
šŸ«£šŸ‘‡šŸ» MUST READšŸ‘‡šŸ»šŸ‘»
šŸ˜‚DO YOU KNOW WHY BITCOIN CELEBRATE THE PIZZA šŸ• DAY
LET ME TELL YOUšŸ˜…

Bitcoin Pizza

On May 22, 2010, the software developer under the nickname Laszlo bought two of the most expensive pizzas ever sold. At that time, the cost of bitcoins was nominal, and the first miners simply did not know where to put their "funny money". And Laszlo on one of the bitcoin forums said that he would pay 10 thousand coins to whoever delivered him two pizzas. At that time, the deal looked completely ordinary, at that rate Laszlo did not overpay for his fateful dinner, but already in August of that year, two pizzas cost him $600. As of today, Laszlo has bought two pizzas for $70 million. Every year on May 22, Bitcoin pizza day is "celebrated."#bitcoinpizzaday #binancefunynews #BullorBear #HotTrends $BTC
Happy #bitcoinpizzaday šŸŽ‰šŸŽ‰ We are Celebrating 1st Transaction in money Value of #BTC 10,000 Bitcoin to purchase two Papa John's pizzas on May 22, 2010. it's Now 11 years And Price at 1 #BTC = 27000$ imagine Price of #BITCOIN in Coming 11 years... Cheers Everyone šŸ„‚šŸ„‚ Have A Great Day Ahead šŸ‘šŸ‘ #binancepizza #feedfeverchallenge
Happy #bitcoinpizzaday šŸŽ‰šŸŽ‰

We are Celebrating 1st Transaction in money Value of #BTC
10,000 Bitcoin to purchase two Papa John's pizzas on May 22, 2010.

it's Now 11 years And Price at 1 #BTC = 27000$

imagine Price of #BITCOIN in Coming 11 years...

Cheers Everyone šŸ„‚šŸ„‚

Have A Great Day Ahead šŸ‘šŸ‘

#binancepizza #feedfeverchallenge
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Bullish
$BTC Happy Bitcoin Pizza Day! šŸ„³ Linked post: Read more about the man who spent 10,000 BTC for a couple of pizzas on May 22, 2010 šŸ‘‡ #bitcoinpizzaday #McCoin
$BTC Happy Bitcoin Pizza Day! šŸ„³

Linked post: Read more about the man who spent 10,000 BTC for a couple of pizzas on May 22, 2010 šŸ‘‡

#bitcoinpizzaday #McCoin
McCoin
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šŸšØ Bitcoin Pizza Day 2024 šŸ“¢

What Is the Story Behind It And When It's Celebrated?

There was a man named Laszlo Hanyecz, a computer programmer from Florida, who became part of Bitcoin's history in a gastronomically unique way. On May 22, 2010, Laszlo made an unusual offer on a Bitcoin forum: he would pay 10,000 bitcoins for a couple of pizzas. At that time, Bitcoin was a passion for enthusiasts and hobbyists, and it had no significant monetary value. The idea that it could be exchanged for a real-world item like pizza was novel and exciting.

To Laszlo, the bitcoins he had mined on his computer were an experiment, a plaything of the digital age. He had already mined tens of thousands of bitcoins with relative ease, a feat that would be unfathomable years later when the mining difficulty skyrocketed.

After some discussion on the forum, a fellow Bitcoin enthusiast named Jeremy Sturdivant, going by the alias "jercos," took Laszlo up on his offer. Jeremy ordered two large pizzas from Papa John's to be delivered to Laszlo's house and in return, he received the 10,000 bitcoins.

Those pizzas, valued at about $41 at the time, would go down in history for their eventual worth. As Bitcoin's value soared over the years, reaching astronomical heights, the cost of those two pizzas grew into the tens, then hundreds of millions of dollars. May 22nd was commemoratively named "Bitcoin Pizza Day," and it's celebrated by the cryptocurrency community every year.

Laszlo Hanyecz's pizza purchase was a landmark moment for Bitcoin. It was one of the first known purchases of a product with Bitcoin and it demonstrated the cryptocurrency's potential as a means of exchange. However, it also serves as a reminder of the volatility and unpredictability of the value of digital currencies.

#BullorBear #MicroStrategy #McCoinCrew #pizzaday $BTC $PDA $AVAX
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šŸš€ 15 Years Ago Today: The Legendary Bitcoin Pizza Purchase! šŸ•šŸ’° On May 22, 2010, Laszlo Hanyecz made history by completing the first-ever commercial Bitcoin transaction, buying 2 pizzas for 10,000 BTC. šŸ˜³šŸ• Fast forward to todayā€¦ those slices are now worth a staggering $800M! šŸ¤ÆšŸ”„ Happy Bitcoin Pizza Day! A reminder of how far crypto has comeā€”and how much further it can go! šŸš€āš” Would you trade 10,000 BTC for pizza today? šŸ‘€šŸ•šŸ‘‡ #BitcoinPizzaDay #BTC #CryptoHistory #HODL #Bitcoin $BTC
šŸš€ 15 Years Ago Today: The Legendary Bitcoin Pizza Purchase! šŸ•šŸ’°
On May 22, 2010, Laszlo Hanyecz made history by completing the first-ever commercial Bitcoin transaction, buying 2 pizzas for 10,000 BTC. šŸ˜³šŸ•
Fast forward to todayā€¦ those slices are now worth a staggering $800M! šŸ¤ÆšŸ”„
Happy Bitcoin Pizza Day! A reminder of how far crypto has comeā€”and how much further it can go! šŸš€āš”
Would you trade 10,000 BTC for pizza today? šŸ‘€šŸ•šŸ‘‡
#BitcoinPizzaDay #BTC #CryptoHistory #HODL #Bitcoin $BTC
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bitcoin $BTC is expected to reach $73,000.00 in the coming days $ETH $BTC Today, the price of Bitcoin is experiencing significant fluctuations, as it is currently trading around $70,747.89. The recent increase in Bitcoin price can be attributed to several factors. One of the main reasons is increased institutional interest, demonstrated by the large trading volume of BlackRock's Bitcoin ETF, indicating a broader acceptance of investing in Bitcoin by the mainstream怐6ā€ source怑怐7ā€ source怑. There has also been an improvement in market sentiment, supported by the approval of several cryptocurrency ETFs and general optimism about Bitcoin's potential as a means of preserving value. Additionally, Bitcoin's scarcity, with a cap of 21 million coins, continues to increase its appeal in times of high demand怐5ā€ source怑怐6ā€ source怑. For more details and updates about Bitcoin and cryptocurrencies, go to my account #bitcoin #bitcoinpizzaday #StartInvestingInCrypto #solana
bitcoin $BTC is expected to reach $73,000.00 in the coming days $ETH $BTC
Today, the price of Bitcoin is experiencing significant fluctuations, as it is currently trading around $70,747.89. The recent increase in Bitcoin price can be attributed to several factors. One of the main reasons is increased institutional interest, demonstrated by the large trading volume of BlackRock's Bitcoin ETF, indicating a broader acceptance of investing in Bitcoin by the mainstream怐6ā€ source怑怐7ā€ source怑.

There has also been an improvement in market sentiment, supported by the approval of several cryptocurrency ETFs and general optimism about Bitcoin's potential as a means of preserving value. Additionally, Bitcoin's scarcity, with a cap of 21 million coins, continues to increase its appeal in times of high demand怐5ā€ source怑怐6ā€ source怑.

For more details and updates about Bitcoin and cryptocurrencies, go to my account
#bitcoin #bitcoinpizzaday #StartInvestingInCrypto #solana
ā€œBitcoin is not just a monetary revolution; it is a fusion of technology and humanity, redefining who we are and how we interact with the world.ā€ $BTC #BTCUSDT #BTC #bitcoinpizzaday
ā€œBitcoin is not just a monetary revolution; it is a fusion of technology and humanity, redefining who we are and how we interact with the world.ā€

$BTC #BTCUSDT #BTC #bitcoinpizzaday
The Magic Indicators Stoch RSI & MACD using Trading View Within Binance I am very happy to bring you an analysis of the best indicators Stoch RSI and MACD. Before we go further, let's try to see how to set it up Trading View within Binance during trading, the details are as follows in the image šŸ‘‡ I believe you have understood well how to set Trading View in Binance through the image above, now let's go and look in depth at the importance of using Stoch RSI and MACD. 1. Let's start with the Stoch RSI, if you look at the picture above, the upper curves show a sign that we know the market is going to sell and it is in the range of 100. Therefore when you see the numbers in this range of 80 to 100, this is a sign of the market being overbought, so the market is going to come down again. Therefore, when you see this signal, be prepared to place a short position for those who use Futures. But if you see that the market has a Stoch RSI of 1 to 10, here we call the market oversold, which means you should prepare to make a long position. It is a very simple method that will make you benefit from the results of the market every time you trade. 2. MACD- Convergence (green bars) and Divergence (red bars) these bars are separated by a horizontal line. Things to consider here are that two lines tend to alternate one above the other below we call the leading line and the MACD line. If these lines are below the horizontal line, it means the market is a Bear market, when it starts to break upwards from the horizontal line, it means the market is a Bull Market. To better understand, repeat reading the image above on how to know when to sell and when to buy. I wish you a good day! #binancepizza #bitcoinpizzaday

The Magic Indicators Stoch RSI & MACD using Trading View Within Binance

I am very happy to bring you an analysis of the best indicators Stoch RSI and MACD.

Before we go further, let's try to see how to set it up Trading View within Binance during trading, the details are as follows in the image šŸ‘‡

I believe you have understood well how to set Trading View in Binance through the image above, now let's go and look in depth at the importance of using Stoch RSI and MACD.

1. Let's start with the Stoch RSI, if you look at the picture above, the upper curves show a sign that we know the market is going to sell and it is in the range of 100. Therefore when you see the numbers in this range of 80 to 100, this is a sign of the market being overbought, so the market is going to come down again. Therefore, when you see this signal, be prepared to place a short position for those who use Futures. But if you see that the market has a Stoch RSI of 1 to 10, here we call the market oversold, which means you should prepare to make a long position. It is a very simple method that will make you benefit from the results of the market every time you trade.

2. MACD- Convergence (green bars) and Divergence (red bars) these bars are separated by a horizontal line. Things to consider here are that two lines tend to alternate one above the other below we call the leading line and the MACD line. If these lines are below the horizontal line, it means the market is a Bear market, when it starts to break upwards from the horizontal line, it means the market is a Bull Market.

To better understand, repeat reading the image above on how to know when to sell and when to buy.

I wish you a good day!

#binancepizza #bitcoinpizzaday
How To Use Binance Flexible Loans What is Binance Flexible Loan? Binance Flexible Loan is an isolated, overcollateralized, open-term loan product. Image: Crypto Loans ( Hand Sketch) Features Open-term, Overcollateralized, Isolated margin Interest is subject to change every minute Interest is accrued every minute that adds to the outstanding loan amount Currently supports 15 major tokens as collateral assets; Simple Earn Flexible Products assets are used as collateral. If desired collateral is not currently subscribed to Flexible Products, the Flexible Loan order will automatically subscribe them to Simple Earn Flexible Products Benefits Users can keep their loan positions indefinitely (as long as these tokens are supported by the platform, and positions are not liquidated) Borrowed assets can be used for any purpose (trade, stake, withdrawn), as collateral assets are locked in each Loan Order Repay outstanding loans anytime without penalties Flexibility to add or remove collateral based on LTV health Interest rate is typically the lowest cost option in Binance (in comparison to Margin/Stable Rate Loans) Collateral from Simple Earn Flexible Product continues to earn Real-Time APR which increases the collateral value every minute (in some cases you get paid more APR on your collateral compared to borrow APR) Interest rate setting is always being reviewed based on an assessment of competitiveness and other market conditions Binance rates are comparable to the largest CeFi competitors and DeFi money markets Note: Currently only can repay using the same cryptocurrency as the borrowed asset; repayments using collateral are currently not available but could be introduced in the future. After the above explanations let's see some important things to be considered when borrowing a loan. How to borrow a loan? 1. Log in to your Binance account and go to Finance then Crypto Loans. 2. Search for a coin from the filter, then click [Borrow] next to it. 3. Choose a loan type and enter the amount you wish to borrow. Then, choose collateral. The system will automatically calculate the collateral amount based on the initial LTV. You will also see the estimated hourly interest and liquidation price. Read and agree to the Terms and Conditions and check the box next to it. Then, click [Start Borrowing]. 4. You will see a pop-up confirming the loan. What is LTV, and how much can I borrow from Binance Flexible Loan? Depending on which cryptocurrency you wish to pledge, a different initial LTV may apply. LTV stands for Loan-to-Value. It represents the ratio between the value of the digital assets loaned to you plus accrued interest, if any, relative to the value of your collateral. These values are based on each cryptocurrencyā€™s Price Index. LTV = Loan Value / Collateral Value For example, assuming an initial LTV of 65% for USDT: if you have pledged 10,000 USDT, you may borrow up to 6500 USDT worth of loanable assets. Or LTV of 65% for 1,000 USDT will be up to 650 USDT worth of loanable assets. How do I perform loan repayments or adjust my loan LTV? In the Ongoing Orders tab, click Repay or Adjust LTV to perform loan repayments or increase/reduce collateral respectively. You may only repay your Flexible Loan using the same cryptocurrency that you borrowed. Repayments using collateral assets are currently not supported. Loan repayments will reduce the outstanding loan and accrued interest proportionately. For instance, you canā€™t choose to repay either accrued interest or outstanding loan only or in unequal proportions. You may also adjust the LTV for each loan position by increasing or reducing collateral. 1. Click Active Loan. 2. Go to Ongoing Orders then Stable Rate. Click Repay next to the order you wish to repay. 3. Select Borrowed Coin. Enter the repayment amount or select a repayment ratio. Check the box if you wish to keep the collateral in the order. Review the details and click Confirm repayment. 4. You will see a confirmation message after the repayment has been successfully processed. Which cryptocurrencies can you pledge or borrow on Binance Flexible Loan? Binance Flexible Loan offers and accepts a wide range of cryptocurrencies as loanable and collateral assets, including USDT, BTC, and ETH. Please note that same-cryptocurrency collateral-loan pairs arenā€™t supported on Binance Flexible Loan. For example, you canā€™t pledge BTC and borrow BTC within a single loan position, but you can have multiple loan positions to borrow BTC with non-BTC collateral. The available cryptocurrencies for pledging and borrowing are updated from time to time. Please refer to the Loan Data page for more information. What can I do with the cryptocurrencies borrowed from Binance Flexible Loan? You may use the loan for any purpose, including trading on the spot market, depositing into Binance Earn products, or even withdrawing them from Binance. The collateral pledged will remain with Binance Flexible Loan as security for the return of the Digital Assets youā€™ve borrowed. Remember to do your research because this article is only for information and not otherwise. #cryptoloans #BinanceTournament #binancepizza #bitcoinpizzaday Reference: https://www.binance.com/en/support/faq/what-is-binance-flexible-loan-and-frequently-asked-questions-1c9dddb774054983992b8977ae36577a

How To Use Binance Flexible Loans

What is Binance Flexible Loan?

Binance Flexible Loan is an isolated, overcollateralized, open-term loan product.

Image: Crypto Loans ( Hand Sketch)

Features

Open-term, Overcollateralized, Isolated margin

Interest is subject to change every minute

Interest is accrued every minute that adds to the outstanding loan amount

Currently supports 15 major tokens as collateral assets; Simple Earn Flexible Products assets are used as collateral. If desired collateral is not currently subscribed to Flexible Products, the Flexible Loan order will automatically subscribe them to Simple Earn Flexible Products

Benefits

Users can keep their loan positions indefinitely (as long as these tokens are supported by the platform, and positions are not liquidated)

Borrowed assets can be used for any purpose (trade, stake, withdrawn), as collateral assets are locked in each Loan Order

Repay outstanding loans anytime without penalties

Flexibility to add or remove collateral based on LTV health

Interest rate is typically the lowest cost option in Binance (in comparison to Margin/Stable Rate Loans)

Collateral from Simple Earn Flexible Product continues to earn Real-Time APR which increases the collateral value every minute (in some cases you get paid more APR on your collateral compared to borrow APR)

Interest rate setting is always being reviewed based on an assessment of competitiveness and other market conditions

Binance rates are comparable to the largest CeFi competitors and DeFi money markets

Note: Currently only can repay using the same cryptocurrency as the borrowed asset; repayments using collateral are currently not available but could be introduced in the future.

After the above explanations let's see some important things to be considered when borrowing a loan.

How to borrow a loan?

1. Log in to your Binance account and go to Finance then Crypto Loans.

2. Search for a coin from the filter, then click [Borrow] next to it.

3. Choose a loan type and enter the amount you wish to borrow. Then, choose collateral. The system will automatically calculate the collateral amount based on the initial LTV. You will also see the estimated hourly interest and liquidation price.

Read and agree to the Terms and Conditions and check the box next to it. Then, click [Start Borrowing].

4. You will see a pop-up confirming the loan.

What is LTV, and how much can I borrow from Binance Flexible Loan?

Depending on which cryptocurrency you wish to pledge, a different initial LTV may apply. LTV stands for Loan-to-Value. It represents the ratio between the value of the digital assets loaned to you plus accrued interest, if any, relative to the value of your collateral. These values are based on each cryptocurrencyā€™s Price Index.

LTV = Loan Value / Collateral Value

For example, assuming an initial LTV of 65% for USDT: if you have pledged 10,000 USDT, you may borrow up to 6500 USDT worth of loanable assets. Or LTV of 65% for 1,000 USDT will be up to 650 USDT worth of loanable assets.

How do I perform loan repayments or adjust my loan LTV?

In the Ongoing Orders tab, click Repay or Adjust LTV to perform loan repayments or increase/reduce collateral respectively. You may only repay your Flexible Loan using the same cryptocurrency that you borrowed. Repayments using collateral assets are currently not supported.

Loan repayments will reduce the outstanding loan and accrued interest proportionately. For instance, you canā€™t choose to repay either accrued interest or outstanding loan only or in unequal proportions. You may also adjust the LTV for each loan position by increasing or reducing collateral.

1. Click Active Loan.

2. Go to Ongoing Orders then Stable Rate. Click Repay next to the order you wish to repay.

3. Select Borrowed Coin. Enter the repayment amount or select a repayment ratio. Check the box if you wish to keep the collateral in the order.

Review the details and click Confirm repayment.

4. You will see a confirmation message after the repayment has been successfully processed.

Which cryptocurrencies can you pledge or borrow on Binance Flexible Loan?

Binance Flexible Loan offers and accepts a wide range of cryptocurrencies as loanable and collateral assets, including USDT, BTC, and ETH.

Please note that same-cryptocurrency collateral-loan pairs arenā€™t supported on Binance Flexible Loan. For example, you canā€™t pledge BTC and borrow BTC within a single loan position, but you can have multiple loan positions to borrow BTC with non-BTC collateral.

The available cryptocurrencies for pledging and borrowing are updated from time to time. Please refer to the Loan Data page for more information.

What can I do with the cryptocurrencies borrowed from Binance Flexible Loan?

You may use the loan for any purpose, including trading on the spot market, depositing into Binance Earn products, or even withdrawing them from Binance. The collateral pledged will remain with Binance Flexible Loan as security for the return of the Digital Assets youā€™ve borrowed.

Remember to do your research because this article is only for information and not otherwise.

#cryptoloans #BinanceTournament #binancepizza #bitcoinpizzaday

Reference: https://www.binance.com/en/support/faq/what-is-binance-flexible-loan-and-frequently-asked-questions-1c9dddb774054983992b8977ae36577a
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Bullish
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šŸ’„Currencies to speculate on today Here are some of the coins that could be attractive to investors and speculators based on current market analysis: $DOGE: Dogecoin has been on a recent rise, and prices could reach the 0.5000 and 0.5200 levels if the bullish momentum continues. If it falls below 0.4600, there could be an opportunity to sell at lower prices. $TRX: TRON is currently in a consolidation phase with support at 0.3120. If this level breaks to 0.3200, it could target 0.3300 or 0.3400, reflecting the possibility of the bullish momentum continuing. $ETH : Ethereum is below critical resistance levels, but if it can break above them, the market could see a rally to $2,000 or more, making it a strong option for speculation as well. Remember that market volatility is high, and using stop loss and risk management strategies can be crucial to making profits from these opportunities#bitcoinpizzaday $BTC $ETH {future}(BTCUSDT)
šŸ’„Currencies to speculate on today
Here are some of the coins that could be attractive to investors and speculators based on current market analysis:
$DOGE: Dogecoin has been on a recent rise, and prices could reach the 0.5000 and 0.5200 levels if the bullish momentum continues. If it falls below 0.4600, there could be an opportunity to sell at lower prices.
$TRX: TRON is currently in a consolidation phase with support at 0.3120. If this level breaks to 0.3200, it could target 0.3300 or 0.3400, reflecting the possibility of the bullish momentum continuing.
$ETH : Ethereum is below critical resistance levels, but if it can break above them, the market could see a rally to $2,000 or more, making it a strong option for speculation as well.
Remember that market volatility is high, and using stop loss and risk management strategies can be crucial to making profits from these opportunities#bitcoinpizzaday $BTC $ETH
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