Where are you trading NFT?
NFT ( Non Fungible Token) is a digital items which can be used as payment method over a commodity or assets online. With your NFT project you don't have to worry about getting reward for your creative arts. NFT is here for you, it is simply the new way of receiving rewards for successful digital items launch which can be auctioned, sold for cash return or exchange of cryptocurrencies.
Their are many NFT marketplace, which a trader can look up to, invest in collectibles or simply create digital items and get it listed on the platform's marketplace and waiting for the NFT project to attract customers in order to boost it's value for better reward. You can simply go to Binance exchange NFT marketplace and start your NFT project or simply create your own NFT marketplace where others can come in as customers either to invest in collectibles or simply partnering with you for their NFT project to get viral attention and generate sales.
HOW CAN AN NFT CREATOR OR COLLECTOR EARN PROFIT FROM NFTs?
Remember, a creator is one who created the NFTs project while the collector is an investor that came to invest by collecting his or her own purchased item, save and holdl it, hoping for the price surge. If an NFT collector sell off at the profit side automatically the creator of the NFT project earns 1% upfront benefit from the transaction, the higher the sell off from the collectors the creators earns higher, plus the benefits that comes in from the NFT project he or she created.
HOW VOLATILE IS THE NFT MARKET?
When it comes to crypto project it is attached with its own risk, and NFT is a property of cryptocurrency. So it is subject to rise and fall, which makes it volatile enough. It means, traders can lose funds at same time gain profit depending on how the market fluctuates. If it fluctuates up, it's a plus for the NFT investors, when it goes down it's a negative one which means the investment is drifting down. The market is highly volatile that's why you need to trade and manage risk, invest what you can afford to risk.
As a beginner in crypto trading, I want to know the minimum deposit amount required to start trading 'Spot at Binance exchange platform?
What's the best leverage for a beginner to apply in order to avoid losing easily in crypto currency trading?
How do I apply the stop-loss feature to protect my trade from losing out?
Your responses will be highly appreciated, thank you.
Set up a Binance Pay and transact crypto freely!
Binance Pay feature is a contactless payment method that makes crypto payment more swift, secured in a decentralized way without obscurity of third party authorization. Payments made using Binance Pay feature doesn't take more than five seconds to reflect on the recipients Binance Pay wallet, which can be transferred back to the spot wallet immediately and trade it either for other coins or fiat currency.
HOW CAN I USE BINANCE PAY FOR TRANSACTIONS?
Provided you have account with Binance exchange platform you're eligible to use Binance Pay feature to transact crypto, but you must know that, your Binance exchange account must have a verified badge for you to be eligible to access the Pay feature. Meaning, you need to take the KYC verification process of Binance and get verified through it before you can be eligible to use Binance Pay.
DOES BINANCE PAY CHARGE TRANSACTION FEE?
NO, Binance Pay transactions are zero fees, Binance exchange doesn't deduct any of the pay user during transaction with another user, transactions are simply free of charge.
HOW CAN I USE BINANCE PAY 'SENDING AND RECEIVING COINS?
Very simple, just login to your Binance exchange account, simply search around the main interface of Binance, you'll see 'more options click there, search for the 'Binance Pay feature, you'll definitely see it there. Click on the option, when it has opened, simply create an account by creating a strong password, and that's all you need to set up your Binance Pay feature. After settling up your password you'll get to see your Binance Pay ID, the ID number is in numerical numbers which isn't more than six digits. That's the ID number you can use to receive coins from the sender, simply copy and paste the code to the merchant sending coins of any of the 40+ Cryptocurrencies included in the Binance Pay list. Or you simply scan the QR code using your device and sending it to the sender, then expect a swift payment that doesn't take more than five secs.
P.S Binance exchange CEO changpeng Zhao is working tremendously well with his executive team to make Binance Pay feature used as a primary payment option in most of the online businesses to make boarder-less and contact-less payment that is very swift, which will make cryptocurrency enthusiasts feel relaxed transacting crypto online without facing hassle transferring or receiving funds from merchants they offered services to, or purchased goods or items from.
Are you using Binance Pay for your cryptocurrency transactions at Binance?
If yes, what's your experience so far using the feature?
Alchemy in agreement with Binance to enable crypto payment with Shopify using the 'Binance Pay'
Binance reached consensus with alchemy to bring crypto payment to shopify users that are well acquainted with Cryptocurrency transactions. The Binance Pay support 40 Cryptocurrencies, available as option to make transactions via shopify.
This agreement was reached recently, not more than a month ago, with third party company 'Alchemy, founded in 2018. The essence of this partnership with alchemy is to drag crypto transactions within those online stores, businesses where Cryptocurrency payment option isn't included.
Alchemy powers lots of e-commerce stores, and other online businesses. That made it possible for Binance to reach agreement with them in order to bring its 'Pay option to those online stores. Apart from Shopify, Binance Pay will be available for transactions via online businesses like, QFPay, Hong Kong's pricerite, Canadian footwear brand 'Aldo, multinational arcadier SaaS etc.
Binance has the ambition of bringing crypto payment option to most of the online businesses in order to make transactions easier, safer, and faster.
What helped you to recover when you failed at some point in your business??
I know how hard it is to overcome failures in a business. It took me days to repair the damage I caused myself investing wrongly. The failure was as a result of re_investing the money i made in an unprofitable investment scheme. I tried to embark on a Cryptocurrency trading when i got little to no idea to penetrate into it, and make dividends. I was thinking its an easy type of investment when i heard some peoples testimonials about how trading made them successful. I decided to try myself out in the trading investment, to my dissatisfaction, it was the opposite which occurred. I lost whopping without repair, it cost me $1000 in my first time trial. That lost affected my offline gaming network. I forfeited profit for three months, i worked back from the scratch till i get my business operating again. I learned my lessons from my first time trial, via trading. It is not advisable to start any business with little or no knowledge in any business/investment initiative. That mindset helped me to recover my business, and i never want to repeat such kind of mistake again in my business career. If it repeats itself again, I'll be losing out final, cos i might not make out the loss funds again.
What helped you to make a u_turn after experiencing business failures at some point in your business?
What does the future holds for Ripple coin concerning their lawsuit with U.S SEC??
I know Ripple coin isn't having the best time now, when it comes in general improvement of their own coin. The lawsuit have affected the price of the coin, making it fall drastically down. The coin was valued earlier at $0.70 per token before the lawsuit emanated, currently it is valued at $0.29 per token. It even fell down more than that, in the first 2 weeks of the ongoing lawsuit, slipping off to $0.12 per token. But I'm happy it climbed up in the last seven days, I pray they win the lawsuit that is labelled against them through U.S SEC.
Have you heard about the current news concerning the ongoing lawsuit?? please share the information if any!
Do you think one can make money through ponzi scheme??
I have heard people given their take on ponzi schemes, some people give testimonies of success, whey some give for failures. I have never trued ponzi nor hyip type of investment before, cos I don't know much about it, I just wanna know more about how it functions.
Please, does any one here, knows how ponzi scheme operates??
@Sincerem
