Binance RUNE vs BingX RUNE THORchain's native currency, RUNE, is a key component of the THORchain decentralized liquidity protocol. This cryptocurrency operates as a cross-chain asset, meaning it can be used across multiple blockchains and can be traded for other assets on the THORchain network. RUNE is designed to be the backbone of the THORchain ecosystem, serving as a store of value, unit of exchange, and security mechanism all in one. RUNE works by allowing users to pool their assets together and participate in the THORchain network. By doing so, they earn rewards in the form of RUNE, which can then be traded for other assets on the network or used to secure the network itself. The more RUNE that is held by users, the more secure the THORchain network becomes, as it is a proof-of-stake system. Additionally, users can also earn rewards for participating in the network by validating transactions and adding liquidity to the network. In conclusion, RUNE is a versatile cryptocurrency that plays a crucial role in the THORchain network. By serving as a store of value, unit of exchange, and security mechanism, it helps to ensure the stability and security of the network while providing rewards to users who participate in it. With its cross-chain functionality and ability to earn rewards, RUNE is an attractive investment option for those looking to participate in the decentralized finance space. Buying THORChain (RUNE) on Binance vs BingX Trading Fees Crypto trading is similar to stock trading and takes place on exchanges, with fees that vary depending on the platform. To maximize profits, it's crucial to understand the fees associated with crypto trading. Exchanges may have a tiered fee structure based on a user's 30-day trading volume or may charge a flat fee or a percentage of the trade value. Some exchanges offer discounts for high-volume traders or members with specific memberships. Binance's standard maker fee is 0.1% and taker fee is 0.1%, with discounts for BNB holders or high-volume traders. BingX's standard maker fee is 0.075% and taker fee is 0.075%. Fee comparison table: Exchange/ Fees Binance BingX Maker Fee 0.1% 0.075% Taker Fee 0.1% 0.075% Fees are subject to change, so it's important to check the current fee schedule before using an exchange. Services and Features Offered Binance is known for its mobile-friendly trading and strong security measures to protect users' assets and information. It offers trading from various devices including desktop, smartphones, and iPads. Binance is not available in the US but has partnered with Binance.US to serve American investors. BingX is a global digital finance firm offering services in North America, Canada, EU, Hong Kong, and Taiwan. It offers financial services such as lending, borrowing, staking, and crypto buying/selling. BingX features a referral program, trading competition, and copy trading for those who want to follow experienced traders. When buying HFT on BingX, users can take advantage of the copy trading option for passive profit-maximizing. In conclusion, Binance and BingX have different services and features, and the best option depends on the user's needs and preferences. Careful research and consultation with financial advisors are recommended before making any investment decisions. #btc #bitcoin #bingx #crypto

#Bingx, #BTC, #USDT, #TRADINGFEES BTC USDT Investment Guide What is BTC USDT The currency pair of BTCUSDT represents the value of Bitcoin in relation to Tether, a stablecoin pegged to the US dollar. This pair is used to measure the worth of Bitcoin in terms of USDT and is helpful for traders and investors who want to monitor the value of Bitcoin and make trading decisions. It's important to note that there are other currency pairs available to track the value of Bitcoin, and the most widely used pair may vary depending on the market or exchange. Why is there a difference in Bitcoin prices in different currencies? The prices of an asset can vary across different exchanges as a result of variations in factors such as supply and demand, liquidity, and trading volume. The value of Bitcoin, like any other asset, can fluctuate based on exchange rates. The exchange rate between two currencies can impact the price of the asset, if one currency is stronger than the other. For instance, if the US dollar is stronger than the Indian rupee, then it will take more rupees to buy the same amount of Bitcoin, resulting in a higher price of Bitcoin in INR than USD. The variation in the price of Bitcoin in INR compared to USD is influenced by a combination of various factors. The specific causes of any particular price discrepancy will depend on the current market scenario. How to Trade BTC USDT? To trade BTC/USDT, you will need to have an account with a cryptocurrency exchange that offers this trading pair. There are many cryptocurrency exchanges such as BingX, Binance, FTX that offers the trading pair. Once your account is set up and funded, you can begin trading by following these steps: Locate BTC/USDT on the list of available trading pairs, or use the search function to find it. Choose the type of order that aligns with your trading strategy and the current market conditions, such as market orders, limit orders, or stop-loss orders. Enter the necessary details, including the amount of BTC/USDT you wish to buy or sell and the desired price for execution. Submit your order to the exchange, where it will be matched with other orders to execute the trade. It's essential to keep in mind that trading BTC USDT (or any other currency pair) carries risks, and it's crucial to have a comprehensive understanding of the markets and the associated hazards before you begin trading. Starting with small trades and managing risk cautiously are recommended to ensure you don't incur losses that exceed your means.

Difference between Bitmex and BingX Bitmex and BingX are two distinct cryptocurrency platforms that offer a variety of services and features, but they cater to different user needs and preferences. Bitmex is a cryptocurrency derivative trading platform founded by Hayes, a former employee in a Hong Kong bank who became a millionaire through bitcoin arbitrage. The platform features two systems, the Insurance Pool and the Double Price Mechanism, which have become the standard for other derivative trading exchanges. However, due to poor customer service and a lack of attention to customer needs, Bitmex has dropped in popularity and is now ranked 11th in the market, with Bybit taking its place as the leading platform. Additionally, Bitmex does not support fiat currencies or spot trading, and is currently under investigation by the FBI. Furthermore, Bitmex is not allowed to target US customers and had to close all US accounts. In contrast, Bybit has a better affiliate payout and is seen as an enhanced version of Bitmex, with similar features and user interface. Bitmex's future looks uncertain, as it has not made any efforts to improve its company culture or strategy. On the other hand, BingX is an international digital financial service institution with branch offices in North America, Canada, the EU, Hong Kong and Taiwan, and has obtained regulatory approval to operate in other countries. BingX focuses on providing users with financial services such as lending, borrowing, and staking, as well as allowing users to buy and sell cryptocurrencies. They also have a referral program, a trading competition, and a copy trading feature that enables users to follow the trades of expert traders. In summary, Bitmex and BingX offer different services and features, and the best platform for you will depend on your specific needs and preferences. It is recommended to research both platforms thoroughly and consult with financial advisors before making any investment decisions.