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If Bitcoin (BTC) is trading at $60,000, a stop order to buy the asset would be placed at a price above the current market price and the stop to sell would be placed below the market price. Cryptocurrency trading is a high-risk business, with annualized volatility of many tokens exceeding 100%. While I think that every investor should hold some Bitcoin (as part of holding the CAPM market portfolio), it’s probably unwise to commit more than a few percentage points of your net worth. If you do not complete the KYC process, you may not be able to access all the features on a cryptocurrency exchange. Step 4: Users in EU countries must provide valid proof-of-address documents before they can access the Binance ecosystem. It worked for them initially, but that started to change, as more countries and their governments became interested in cryptocurrency and blockchain technology. Deposit/Withdrawal: To create a cryptocurrency investment app like Binance, it is important to have a feature that allows traders to deposit money into the app’s wallet and able to withdraw the money to the various wallets listed or set by the company.

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