Earn Moufed

How to get started in binance platform?

Introduction

When you first start using Binance, it can seem like there are a lot of things to do. In this guide, we’ll walk you through everything from downloading the application to creating an account and depositing funds. We’ll also show how easy it is to begin trading on Binance!

Download and install the application to your phone

To download the application, you can visit the Google Play Store or Apple App Store and search for binance. Once you find it, click on “Install” to install it on your phone.

Once installed, open up a browser window in order to access your account within the app. Follow these steps:

• Open up a new tab in Chrome or Safari (or another web browser) by pressing Ctrl + T at once; this will open up an incognito window that is not saved to any Internet history or data collection by Google Chrome/Safari/etc., so no one will see what sites were visited while they were using this incognito window!

Create an account and verify it

There are two ways to create an account. You can either use your email address and password, or you can use a phone number and photo ID.

Once you’ve created your account, verify it with a phone number or photo ID before logging in again to make sure that no one has accessed your account without permission.

Do a deposit of USDT (Tether) to your account BEFORE starting trading

You need to deposit USDT (Tether) to your account before you can start trading.

It’s not mandatory, but it will help you get familiar with the platform and understand how things work on binance platform.

Start trading!

You can start trading right away, but you should wait a few hours to allow your USDT deposit to clear.

You can use the Binance app on your phone or go to the website on your computer.

You can also use the search box to find coins you want to buy or sell.

Now you can trade with Binance!

Now that you have your Binance account set up, it’s time to start trading! To begin using the platform, first make sure that you have USDT (Tether) in your account. If not, head over to coinbase and add USDT as a payment method on your account. Once this is done, log into Binance and go to the “Funds” tab at the top of the screen. Click on “Deposits/Withdrawals” from here and choose “View All” from there; this will show all of your available deposit options for cryptocurrency wallets or exchanges like Coinbase or Gemini which support Tether as a currency for trading purposes only.*

Now that we’ve covered how much money needs to be deposited into our account before beginning any transactions within their ecosystem, let’s move forward with what types of trades can actually be made from their platform itself!

Conclusion

This is the first step to getting started in Binance. The next thing you need to do is deposit USDT (Tether) into your account. This will allow you access to trade on the platform and start making profits!

Read more : How to charge the Binance platform and how to work with it

How to get started in binance platform? How to get started in binance platform?

What is a DEX?

Recognize how decentralized exchanges operate and discover how to use your wallet to access them.

Definition

A peer-to-peer marketplace known as a decentralized exchange (or DEX) is where cryptocurrency dealers do trades with one another.
One of the main uses for cryptocurrencies, DEXs is to facilitate financial transactions without the involvement of banks, brokers, or other middlemen.
The Ethereum blockchain powers many well-known DEXs, including Uniswap and Sushiwap.

A decentralized exchange, or DEX for short, is a peer-to-peer marketplace where cryptocurrency traders conduct transactions directly with one another. One of the fundamental uses of cryptocurrencies is the promotion of financial transactions without the involvement of banks, brokers, payment processors, or any other type of middleman. The most well-known DEXs, such as Uniswap and Sushiswap, make a wide range of financial services accessible straight from a compatible crypto wallet by using the Ethereum blockchain. These tools are a part of the expanding family of decentralized finance (DeFi) products. Decentralized exchanges (DEXs) are flourishing; in the first quarter of 2021, $217 billion worth of transactions passed via them. More than two million DeFi dealers were active as of April 2021, a ten-fold increase from May 2020.

How do DEXs work?

Contrary to centralized exchanges like Coinbase, DEXs only swap cryptocurrency tokens for other cryptocurrency tokens, not fiat cash and cryptocurrency. You may swap fiat for cryptocurrency (and vice versa) or crypto-crypto pairings, such as some of your bitcoin for ETH, through a controlled exchange, or CEX. Additionally, you may frequently make more complex decisions, including placing limit orders or trading on margin. However, the exchange itself handles all of these transactions through a “order book” that determines the price for a certain cryptocurrency based on active buy and sell orders, much to how stock exchanges like Nasdaq do.

On the other hand, decentralized exchanges are nothing more than a collection of smart contracts. They employ “liquidity pools” to facilitate trades and set the values of different cryptocurrencies against one another algorithmically. Investors lock cash in these pools in exchange for rewards that resemble interest.

DEX transactions are settled immediately on the blockchain, in contrast to centralized exchange transactions, which are stored in the exchange’s own database.

DEXs are often created using open-source software, allowing anybody with a curiosity to see exactly how they operate. That also implies that programmers may modify already-existing code to produce brand-new rival projects, as demonstrated by the several DEXs with “swap” in their names, such as Pancakeswap and Sushiswap, who have done using Uniswap’s code.

What are potential benefits of using a DEX?

Huge selection: DeFi is the place to go if you’re looking for a hot token in its early stages. A almost infinite variety of tokens, from the well-known to the strange and completely random, are available on DEXs. You’ll discover a wider variety of projects, both verified and unvetted, because anybody can form a liquidity pool for an Ethereum-based token and manufacture one. (Buyer beware, without a doubt!)

Hacking risks can be minimized: Since every DEX trader’s money are kept in their own wallets, they are supposedly less vulnerable to hacks. (Relatedly, DEXs also lessen “counterparty risk,” which is the possibility that one of the parties involved, maybe even the central authority in a non-DeFi transaction, would go out of business.)

Anonymity: The majority of widely used DEXs don’t ask for any personal information.

Peer-to-peer financing, quick transactions, and anonymity provided by DEXs have increased their popularity in emerging nations, where a strong banking infrastructure may not be accessible. A DEX allows trading by anybody with a smartphone and an internet connection.

What are some potential downsides?

challenging user interfaces Decentralized exchanges are difficult to navigate and require some specialist expertise; plan on doing a lot of study and don’t count on the DEX to provide much assistance. Typically, you’ll need to search elsewhere for a walkthrough or explanation. Due to the possibility of making a mistake that cannot be corrected, such as transferring funds to the incorrect wallet, caution is advised. The coupling of two cryptocurrencies in a liquidity pool, one more volatile than the other, might lead to “impermanent loss,” another frequent problem. (The key lesson here? Make your own inquiries.)

Smart contract weakness Any DeFi system is only as safe as the smart contracts that drive it, and code might still contain exploitable defects that lead to the loss of your tokens (despite thorough testing). Additionally, not all uncommon occurrences, human errors, and hacks can be foreseen by developers, even though a smart contract may function as intended under regular conditions.

higher-risk coins There are more frauds and schemes to be on the lookout for because of the unvetted, wide variety of tokens that are available on the majority of DEXs. When a token’s issuer issues a large number of new tokens, the liquidity pool is overwhelmed and the value of the currency plummets, “rug pulling” a hot token. Read white papers, check out developer Twitter feeds or Discord channels, and search for audits of any specific project you’re interested in before investing in a new coin or experimenting with a new protocol (some bigger auditors include Certik, Consensys, Chain Security, and Trail of Bits).

How do you interact with a DEX?

• Using a cryptocurrency wallet like Coinbase Wallet on your web browser or on your smartphone, you may connect to a DEX like Uniswap. We advise utilizing the Coinbase dapp wallet, which is accessible straight from your Coinbase app, if you are just starting started.
• To begin trading on the majority of DEXs, you’ll also need a supply of Ethereum, which you may obtain via an exchange like Coinbase. You need ETH to pay gas costs, which are necessary for every transaction that takes place on the Ethereum network. These are not included in the DEX’s own fees.

How do DEX fees work?

Fees change. A 0.3% cost, divided across liquidity providers, is charged by Uniswap, and a protocol fee may be introduced in the future. However, it’s crucial to remember that the gas costs associated with using the Ethereum network may sometimes exceed the fees the DEX levies. Lower costs and quicker transactions are goals of the upcoming ETH2 upgrade as well as a variety of “layer 2” alternatives like Optimism and Polygon.

16 Best Decentralized Exchanges

What are the stages of digital marketing? How is the market analyzed?

What are the stages of digital marketing? How is the market analyzed?

In the previous article, we learned about the concept of modern marketing and what digital marketing means, noting that science develops gradually over time through theory, experience and proof.

How is the market analyzed? What is the modern marketing mix?

First: To make it easier for you to grasp a specific science or art, you must understand its foundations, which will contribute effectively to its ease of assimilation and development over time, so until you can become a digital marketer or at least an electronic marketer, then we must gradually understand marketing: Follow this article to know more about

The concept of modern marketing and the concept of digital marketing

How is the market analyzed?

Knowing how the decision of the digital marketer is affected.

In a historical brief, McCarthy outlined a specific system on which the company makes marketing decisions, and this later came to be known as the Marketing Mix.

What is marketing mix 4p’s, and what is marketing mix 7p’s?

The marketing mix is defined as: The strategy of using and integrating the basic marketing elements from: Product – Price – Place – Promotion to make the marketing decision that would raise and increase the profitability of the company with Meet the needs of the market or consumers.

What are the stages of digital marketing? How is the market analyzed?

Marketing Mix 4p’s

With the passage of time and the increase of companies, and many companies directed towards providing services, especially digital services, due to the great expansion since the discovery of the Internet, companies have moved from 1990 to the present day to use the modern or expanded marketing mix (Marketing Mix 7p’s) which is in addition to the mix General marketing as it integrates other elements: People – Process – Physical Evidence

So what does a digital marketer need to do the marketing analysis?

We must know that marketing analysis is the process of analyzing the data present in the elements of the marketing mix of price, product, audience, target location, and material factor that will add value to the market or consumer according to the type of service provided, as well as the various promotion channels, in addition to the methodology followed by the marketer.

After the marketer gets all the necessary data about the product or service (the elements of the marketing mix), he will follow multiple analytical foundations, taking into account Porter’s analytical model.

What is the Porter Five Forces Module?

Porter’s model is known as a business analytical framework which is used in evaluating business or market strategies. This framework is used in analyzing the competition and the type of relationship between the company and the market and other determining forces and competition for the business. This model relies mainly on the fact that if one of the forces affecting the scope of work changes, whether internally or externally, then the company must re-evaluate the labor market.

1- Power of competition 2- Alternative products 3- Ability of buyers 4- Ability of suppliers 5- Entry of new competitors

Accordingly, the digital marketer takes this model a wide space on the basis of which he analyzes the size of the market, the strength of competitors as well as the weaknesses and their number in the target market, the digital marketer can also determine the audience of competitors and the availability of alternative services or goods for what the company or brand offers. .

[ads2]

Then the digital marketer converts this data into numbers and foundations upon which to make the marketing decision that would achieve the company’s marketing objectives from: reaching the service or product to the target audience, adding the competitive advantage (determined based on the elements of the marketing mix and analyzing the strength of competition based on On Porter’s model) as well as determining market shares of competitors and the company.

What are the steps of marketing analysis?

As we mentioned, the analysis is the process of collecting various data, on the market, consumers, in many cases taking into account the extent to which the service or commodity is related to the state’s economic or political factor, such as: The prices of Chinese products are affected by US sanctions. The different goods and services are also affected by government tax policies, which in turn calls for the corporation to review and evaluate again its marketing strategies as well as its marketing mix.

The analysis process answers a set of questions:

• 1- Who is the desired category of consumers for the service or product?
• 2- What is the market behavior and consumer behavior towards the good or service?
• 3- What is the market size? What are the competitors’ market shares? What is the potential market share for the service or good?
• 4- What is the estimated consumer spending rate for a good or service?
• 5- Who are the competitors? How many competitors? What is the strength of the competitors? What are the competitors’ weaknesses?

To answer these questions, the digital marketer must carry out the analysis process on the basis of:

• 1- Defining the objectives of the analysis and linking them with the marketing objectives
• 2- Current analysis of the service or commodity in order to determine future expectations.
• 3- Defining target customers, to customize targeting such as: gender, age, geographical location, financial ability, interests, and online presence.
• 4- Analyzing competitors and identifying them accurately and comparing all competitors: strength, weakness, service, audience size, market share. (SWOT analysis)
• 5- Using different information sources to obtain data about competitors and the market, such as: competitors’ periodic revenues, economic news, etc.
• 6- Evaluate your analysis.
• 7- Decision-making and implementation of the marketing strategy.

[ads3]

The stages of digital marketing analysis do not differ much from the concept of modern marketing analysis and research, but the difference is a qualitative difference on the availability of multiple marketing channels digitally, as well as advanced analysis methods and tools, and the availability of information and obtaining it in a larger and faster way online (via the Internet)

This was a quick summary about market analysis, and brevity due to the lack of time and momentum of information about marketing. In the next article, we will talk more about digital marketing, methods of analysis followed, and how to become a digital marketer.

What are the stages of digital marketing? How is the market analyzed?

What are the stages of digital marketing? How is the market analyzed?

red more : An Easy Way To Start A Dropshipping Business With The Best Guidance And Tools