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Top 5 Most Trusted Ordinals Wallets to Secure Your Bitcoin NFTs in 2025
Casey Rodarmor’s Ordinals protocol has revolutionized how digital artifacts—unique inscriptions on individual satoshis—are created and traded on the Bitcoin blockchain. While running a full Bitcoin node is the recommended way to participate, it’s often impractical due to high storage needs and technical complexity. That’s where Ordinals wallets come in, offering an accessible and secure way to store, manage, and trade these digital treasures without the heavy lifting.
To help you get started safely, here’s a rundown of five trusted Ordinals wallets that stand out in 2025 for their features, security, and user experience.
1. The Ordinals Wallet
Launched on February 16, 2023, The Ordinals Wallet is a community-funded, non-custodial wallet designed specifically for Bitcoin Ordinals. It lets users hold, view, send, and even buy and sell Ordinals all within one intuitive interface. With over 470,000 wallets created and more than $82 million in trading volume, it’s a proven platform for collectors and traders alike.
2. Xverse Wallet
Xverse is a Bitcoin Web3 wallet that supports Ordinals without requiring a full node. Launching its Ordinals service just before The Ordinals Wallet, Xverse focuses on combining advanced Bitcoin wallet features with robust Ordinals support. It also integrates a fiat on-ramp, allowing users to buy Bitcoin and pay transaction fees directly within the app.
3. Hiro Wallet
Hiro Wallet was an early entrant into the Ordinals space, launching its services on February 14, 2023. It offers secure storage and management for Bitcoin and Ordinals NFTs, with compatibility across popular Ordinals platforms like Gamma and OrdinalsBot. The wallet also supports Stacks and will soon integrate Lightning Network features.
4. MetaMask with Generative XYZ Integration
Though traditionally an Ethereum wallet, MetaMask now supports Bitcoin Ordinals through its integration with Generative XYZ. This setup allows users to link their MetaMask wallet to generate Bitcoin Taproot keys securely, giving full control over Ordinals assets. For enhanced security, users can combine MetaMask with hardware wallets like Ledger or Trezor.
5. OKX Wallet
OKX Wallet offers a multichain experience with full support for Bitcoin Ordinals, integrating seamlessly with the Taproot upgrade. Beyond Bitcoin, it supports over 50 blockchains, simplifying asset management for users. OKX also allows easy purchase and staking of BRC-20 tokens, making it a versatile choice for active traders.
Final Thoughts
The rise of Bitcoin Ordinals has opened exciting new frontiers for digital art and collectibles. Choosing the right Ordinals wallet is crucial to securely store and manage your digital artifacts. Whether you prioritize ease of use, security, or multi-chain support, wallets like The Ordinals Wallet, Xverse, Hiro, MetaMask with Generative XYZ, and OKX Wallet offer trusted solutions tailored to different needs.
By selecting a wallet that fits your style and following best security practices—such as using hardware wallets and enabling two-factor authentication—you can confidently participate in the growing Ordinals ecosystem.
Ready to learn more about trading strategies and crypto safety? Check out BYDFi for beginner tutorials, expert insights .
2026-01-16 · 19 days ago0 0791Crypto ATM Fees Explained: The True Cost of Convenience
When you decide to use a Crypto ATM, you are paying for one primary benefit: convenience. But what is the actual price of that convenience? While the machines are straightforward to use, their fee structures can be opaque, often costing you far more than you realize. As a responsible investor, understanding these costs is non-negotiable. This guide will shine a light on the fees, breaking down exactly how they work and what you are truly paying.
The Two Fees You Pay: The Obvious and The Hidden
The total cost of a Crypto ATM transaction is typically made up of two distinct parts. The first is the service fee. This is the most transparent cost, usually displayed on the screen as a direct percentage of your transaction. It is a commission that the ATM operator charges for their service, and it can range anywhere from 5% to over 10%.
The second, and often much larger cost, is the exchange rate spread. This is the hidden fee. The price the ATM offers you for Bitcoin is not the real-time market price that you would see on an online exchange. The ATM operator adds a significant markup, or "spread," to the price. Think of it like exchanging currency at an airport kiosk versus at a bank; you always get a worse rate at the kiosk. This spread can easily be an additional 5% to 10% above the true market rate.
A Real-World Example: The True Cost in Action
Let's make this tangible with a simple example. Imagine you want to buy $1,000 worth of Bitcoin.
- The Real Market Price: Let's say the current market price for Bitcoin on an online exchange is $60,000.
- The ATM's Inflated Price: The ATM might set its own price at $66,000, which includes a 10% spread.
- The Service Fee: The machine also charges a 5% service fee on your 1,000,whichis 50 .
So, your $1,000 in cash is now only $950 of purchasing power. And you are buying at the inflated price of $66,000. The amount of Bitcoin you actually receive is $950 divided by $66,000, which is approximately 0.0144 BTC.
Now, compare that to an online exchange. Your $1,000, minus a small trading fee (e.g., 0.5% or $5), gives you $995 of purchasing power at the real market price of $60,000. You would receive approximately 0.0166 BTC. In this common scenario, you received about 15% less crypto for the same amount of cash by using the ATM.
Why Are the Fees So High?
These high fees are not arbitrary; they are the result of the ATM operator's business model. They have to pay for the expensive physical hardware, rent for the retail space, cash handling and armored car services, software licensing, and customer support. All of these high overhead costs are passed directly on to you, the user.
The Smart Choice for Your Capital
While a Crypto ATM offers a quick solution for a specific need, it is an extremely expensive way to build a portfolio. The combination of service fees and the exchange rate spread creates a significant and unavoidable drag on your investment from the very start. For a complete overview of the machines, you can read our main guide: [What Is a Crypto ATM? A Beginner's Guide].
To ensure your capital is working for you, and not being eroded by high fees, the clear and logical choice for any serious investor is a secure, low-fee online exchange. Get started on the BYDFi spot market.
2026-01-16 · 19 days ago0 0200What is Hamster Kombat? The Ultimate Guide to the Viral Telegram Game
If you have been on the internet in the last year, you have likely heard of Hamster Kombat. It isn't just a game; it is a cultural phenomenon. Breaking records with over 300 million players in a matter of months, this Telegram-based mini-app became the face of the massive "Tap-to-Earn" wave.
But what exactly is it? On the surface, it looks like a cute clicker game. Under the hood, however, it is a simplified crypto exchange simulator built on the TON blockchain that introduced millions of people to Web3 concepts without them even realizing it.
More Than Just Tapping: The CEO Simulator
Unlike its predecessor Notcoin, which was primarily about tapping a button, Hamster Kombat introduced a strategy layer. The premise is unique: you are the CEO of a cryptocurrency exchange (like Binance or BYDFi), but you are a hamster.
The Gameplay Loop:
- Tap to Earn: You tap the hamster on your screen to earn in-game coins.
- Invest to Grow: You don't just hoard these coins. You spend them to buy "Upgrade Cards" for your exchange.
- Passive Income: These upgrades (like "KYC," "Marketing," or "Legal") generate coins automatically, even when you aren't playing.
This shifted the meta from active clicking to resource management. The goal wasn't just to have the most coins in your balance; it was to build an automated engine of wealth.
The Secret Metric: Profit Per Hour
The genius of Hamster Kombat's design was the "Profit Per Hour" (PPH) metric. The developers explicitly told players that for the eventual airdrop (the distribution of real cryptocurrency), the most important factor would not be their total coin balance, but their Profit Per Hour.
This forced players to constantly reinvest their earnings. It taught a core financial lesson: money sitting idle is useless; money invested in cash-flow assets builds wealth. This mechanic kept the in-game economy flowing and prevented inflation from making the gameplay boring.
Viral Mechanics: Daily Combos and Ciphers
To keep 300 million people logging in every single day, Hamster Kombat utilized clever social engineering mechanics.
- The Daily Cipher: Every day, a hidden word (related to crypto, like "BTC" or "WEB3") could be entered using Morse Code by tapping the hamster in a specific pattern. Solving it yielded 1 million free coins.
- The Daily Combo: Players had to find three specific upgrade cards out of hundreds. Finding the correct combination unlocked 5 million free coins.
These features created a massive social effect. Players flocked to Twitter, YouTube, and Telegram groups every morning to share the solutions, creating a self-sustaining hype cycle that dominated social media algorithms.
The HMSTR Token and The TON Ecosystem
All of this tapping and managing leads to one goal: the HMSTR token.
Hamster Kombat is built on The Open Network (TON), the blockchain originally designed by the Telegram team. When the Token Generation Event (TGE) occurs, the in-game progress is converted into real, tradeable HMSTR tokens.
This event is significant because it represents one of the largest mass-onboarding events in crypto history. By requiring users to connect a TON wallet to receive their airdrop, Hamster Kombat effectively created millions of new crypto users overnight, flooding the ecosystem with new liquidity and activity.
Conclusion
Hamster Kombat proved that crypto games don't need AAA graphics to succeed; they need accessibility and addictive loops. By combining the ease of Telegram with the financial incentives of crypto, it redefined what a blockchain game can achieve.
Whether you are looking to trade the HMSTR token or find the next viral gaming sensation, you need a platform that lists the newest assets first. Join BYDFi today to trade the most popular GameFi and meme tokens with professional-grade security.
2026-01-16 · 19 days ago0 0563Crypto Mining Software: A Smart Way to Earn Passive Income in 2025
Crypto mining software is the backbone of cryptocurrency mining , It connects your hardware (like GPUs, ASICs, or CPUs) to a blockchain network, allowing you to solve complex mathematical puzzles to validate transactions and earn rewards.
Think of it as the bridge between your mining rig and the crypto you’re trying to mine, like Bitcoin, Litecoin, or Dogecoin.
But not all software is created equal. Some are beginner-friendly with sleek interfaces, while others are built for tech-savvy miners who want full control.
Keywords like crypto ice mining software and crypto search mining software often pop up because users are looking for specialized tools that offer unique features, like cloud-based mining or enhanced search capabilities for mining pools.
What is Crypto Mining Software and Why Does It Matter?
If you’ve searched for crypto mining software, you’re likely curious about how to turn your computer’s power into cryptocurrency rewards.
Crypto mining software is a specialized tool that uses your hardware (like GPUs, CPUs, or ASICs) to solve complex mathematical puzzles,
validating transactions on a blockchain. In return, you earn coins—a potential path to passive income.
But not all software is created equal. Terms like crypto ice mining software and crypto search mining software pop up in searches, hinting at niche tools tailored for specific needs.
Whether you’re after user-friendly interfaces or advanced customization, understanding these options is key to maximizing profits.
Let’s break it down to help you explore and decide.
How to Choose the Right Crypto Mining Software for You
There’s no one-size-fits-all answer. But here's what you should consider before downloading any crypto mining software:
Compatibility
•Does it work on Windows, Mac, Linux, or even mobile?
•Is it compatible with your graphics card (NVIDIA/AMD)?
User Interface
•Is it beginner-friendly?
•Does it offer a dashboard to track profits, hashrate, temperature, etc.?
Fees & Payouts
•Are there developer fees or withdrawal fees?
•How frequently does the software pay out?
Community Support
•Is there an active community, Discord, or Reddit thread?
•Are tutorials or YouTube guides available?
Security
•Is the software open-source or reviewed by trusted developers?
•Has it been flagged as malware by any antivirus or browser?
Best Bitcoin Mining Software Matched to Your Hardware
For ASIC Miners
ASIC devices are the industry norm for those looking to maximize bitcoin mining profitability with the highest hash rates.
CGMiner is renowned for its compatibility with most ASIC models and powerful configuration options, helping serious miners extract maximum value even as bitcoin price trends shift.
Awesome Miner is another top contender, offering comprehensive remote rig management and detailed analytics for those running multiple ASIC mining systems.
For GPU Miners
While bitcoin mining with GPUs is less common today, some continue to use these for flexibility or alternate cryptocurrencies.
BFGMiner is an excellent fit for miners utilizing GPUs or FPGAs, offering robust monitoring and resource management to support multi-coin mining and rapid strategy adjustments.
Cudo Miner stands out for its user-friendly interface and smart profit-switching features, optimizing your setup based on real-time bitcoin price and hardware performance.
For FPGA Miners
FPGAs bridge the gap between GPUs and ASICs, offering customization and efficiency for technically skilled miners.
BFGMiner remains the go-to bitcoin mining software for FPGAs, giving users the ability to fine-tune settings for maximum bitcoin mining profitability.
For CPU Miners
CPU mining is generally not profitable for bitcoin itself, but can be useful for beginners to learn mining concepts or for small-scale operations.
EasyMiner is highly recommended for its straightforward setup and ease of use, supporting both CPU and GPU mining for those starting their journey into mining
Conclusion
In an environment where the bitcoin price is rapidly changing and the competition among miners intensifies
choosing the right bitcoin mining software has never been more crucial for sustaining—or increasing—your bitcoin mining profitability.
Whether you’re leveraging ASICs for professional-scale mining, exploring GPU versatility, or just getting started with CPUs, aligning your software and hardware is essential to achieve the best results.
Stay up to date on the latest bitcoin mining software innovations, and you’ll be well-positioned to improve your efficiency and maximize your returns well into the future.
Final Thoughts:
Should You Start Using Crypto Mining Software in 2025?
If you’ve been watching the crypto market and wondering how to get in without buying coins, crypto mining software is your answer.
It’s a legitimate, growing, and increasingly eco-conscious way to earn.
Whether you go with traditional GPU mining tools, start experimenting with crypto ice mining software, or contribute to decentralized search networks using crypto search mining software, there’s an option for everyone.
Ready to learn more about trading strategies and crypto safety? Check out BYDFi for beginner tutorials, expert insights .
2026-01-16 · 19 days ago0 0410How Cryptocurrency Payments Work and Why They’re the Future of Finance
A New Era of Digital Transactions
In today’s fast-paced digital world, money moves faster than ever before. We order products online in seconds, transfer funds across continents with a few clicks, and expect instant results. In the middle of this revolution, cryptocurrency payments are stepping into the spotlight, changing not only how we buy and sell but also how we think about financial freedom. What was once considered a niche for tech enthusiasts has now grown into a mainstream phenomenon, with Bitcoin and other cryptocurrencies being used daily for shopping, remittances, and even charitable donations.
Why Are Cryptocurrency Payments So Popular?
When you pay with Bitcoin or another cryptocurrency, the transaction usually settles within minutes rather than days. For someone sending money across borders—say from the US or from Europe to Asia—that speed can make a real difference. Fees are often lower compared to bank transfers or credit cards, and in many cases, merchants save up to two percent in processing charges. Beyond cost and speed, cryptocurrencies operate without borders. Whether you’re using dollars, euros, or yen in your daily life, Bitcoin speaks a universal financial language that anyone, anywhere, can access. And because blockchain technology secures every transaction, you don’t have to hand over sensitive banking details, which adds another layer of privacy.
How to Pay with Cryptocurrency
The actual process of paying with crypto is much simpler than it sounds. You start by setting up a wallet, which acts like your digital bank account. From there, you can purchase Bitcoin or other currencies on exchanges like Binance, or BYDFi—a platform that has quickly become a favorite for many traders because of its intuitive interface, wide coin selection, and commitment to security. Once you’ve acquired crypto, you can use it at any merchant that accepts digital payments. At checkout, you’ll often see a Pay with Crypto button or a QR code. You just scan, confirm the amount, and within a short time the payment is verified on the blockchain. It feels a little like sending an email with money attached, only far more secure.
Who Accepts Crypto Payments Today?
The real question, though, is who actually accepts crypto today? The list is growing longer every month. E-commerce platforms like Shopify stores are increasingly offering crypto checkout options, travel companies such as Expedia let you book flights and hotels using Bitcoin, and even major tech firms like Microsoft and AT&T provide crypto payment methods for their services. Small businesses and freelancers have also embraced this trend. A freelance designer in India or a developer in Brazil can now accept payment in crypto to avoid expensive bank fees, while charities around the world use platforms like The Giving Block to receive borderless donations.
Addressing Concerns About Safety and Volatility
Still, many first-time users worry about safety and volatility. The good news is that blockchain itself is highly secure—transactions can’t be reversed or tampered with once confirmed. What you do need to protect is your wallet: use a reputable service, enable two-factor authentication, and never share your private keys. As for price swings, merchants increasingly use payment processors like BitPay that instantly convert crypto into traditional currencies, locking in the value at the time of purchase. This way, they enjoy the benefits of crypto without fearing sudden price drops.
Why Businesses Are Adopting Crypto Payments
For businesses, the advantages are just as compelling. Accepting cryptocurrency opens doors to a global customer base that’s eager to spend their coins. Transaction fees are generally lower than credit cards, and chargeback fraud—a common headache in online retail—is virtually eliminated thanks to blockchain’s transparency. In some countries facing inflation or currency instability, merchants have even started accepting stablecoins such as USDT, which hold their value better than local money.
Payment Processors and the Role of BYDFi
To make all this work smoothly, many businesses partner with payment processors. Services like Coinbase Commerce, CoinPayments, or BitPay integrate easily into online shops and allow for fast conversions. At the same time, platforms like BYDFi make it easy for individuals to buy, store, and use crypto securely, whether they’re experimenting with their first Bitcoin transaction or looking for advanced trading tools. Unlike many exchanges that can feel intimidating, BYDFi is designed to be beginner-friendly while still offering the features professionals demand—making it an excellent choice for anyone ready to dive into the crypto payment world.
The Future of Cryptocurrency Payments
Looking ahead, the future of crypto payments is bright. Analysts predict that by 2030, more than half of all online merchants will accept Bitcoin or other digital assets. Innovations like the Lightning Network are already making Bitcoin faster and cheaper to use, while stablecoins are solving the volatility issue for daily transactions. For millions of people in regions with limited banking access, crypto payments represent not just convenience but financial inclusion and freedom.
Getting Started: Your First Step Into Crypto Payments
So where does that leave you? If you’re curious about crypto, there’s no better time to start. Begin with a secure wallet, buy your first coins on a reliable platform like BYDFi, and try making a small purchase to see how it feels. The more you explore, the more natural it becomes. With each transaction, you’ll see why cryptocurrencies aren’t just another passing trend but a revolution in how humans exchange value.
Final Thoughts
The crypto payment revolution is already here. The only question is whether you’ll watch it unfold from the sidelines—or take part in shaping the future of money.
2026-01-16 · 19 days ago0 0271What is TapSwap? A Guide to the Solana-Based Telegram Game
The "Tap-to-Earn" craze, ignited by Notcoin, has spawned countless imitators. But amidst the sea of clones, one project has managed to stand out and capture millions of users: TapSwap.
While most Telegram games live on the TON blockchain, TapSwap made a bold move by launching on Solana. This strategic choice, combined with addictive gameplay mechanics, has turned it into one of the fastest-growing crypto apps of 2025. Here is everything you need to know about the game where tapping a gold coin can lead to real rewards.
The Core Loop: Tapping for Shares
The gameplay of TapSwap is intentionally simple. Users access the game through a Telegram mini-app (no download required). A large gold coin appears in the center of the screen.
- The Mechanic: You tap the coin. Each tap mines "Shares."
- The Energy Bar: You cannot tap forever. An energy limit restricts how many Shares you can mine at once. When energy runs out, you must wait for it to recharge.
- The Goal: Accumulate as many Shares as possible before the Token Generation Event (TGE), where these in-game points will be converted into the TAPS cryptocurrency.
Why Solana Makes a Difference
Most Telegram clicker games run on The Open Network (TON) because of its native integration with the messaging app. TapSwap chose Solana for its backend.
This is significant for players. Solana is known for its high throughput and incredibly low transaction fees. When the airdrop eventually happens, TapSwap users should theoretically experience a smoother, cheaper claiming process compared to networks that struggle under congestion. This technological edge has made TapSwap a favorite among "DeFi degens" and casual gamers alike.
Maximizing Earnings: Boosts and Bots
To climb the leaderboard, simple tapping isn't enough. TapSwap incorporates a strategy layer through Boosts.
- Tap Bot: This is the most essential upgrade. It allows you to earn Shares passively while you are asleep or offline (up to 12 hours). It turns the game from "active work" to "passive income."
- Multitap: Increases the number of Shares earned per tap.
- Energy Limit: Increases the size of your energy tank, allowing for longer sessions.
The Viral Engine: Referral System
Like its predecessors, TapSwap relies heavily on social growth. The referral system rewards players with massive bonuses for inviting friends. This viral loop is why the user base exploded to over 50 million users in record time. It incentivizes the community to become the marketing team.
The TAPS Token Airdrop
The driving force behind the activity is the promise of the TAPS token. While the Shares are virtual points, TAPS will be a tradeable SPL token on the Solana blockchain.
The project has announced that the total supply of TAPS is capped at 1 billion tokens, with a significant portion allocated to the community via the airdrop. This scarcity model differs from meme coins with infinite supplies, suggesting a more calculated economic design.
Conclusion
TapSwap proves that the "Tap-to-Earn" model is evolving. By leveraging the speed of Solana and introducing passive income mechanics like the Tap Bot, it has secured its place as a Titan of the Telegram gaming ecosystem.
As the TAPS token launch approaches, volatility is expected. To trade TAPS and other Solana ecosystem tokens securely, you need a professional exchange. Join BYDFi today to access the best liquidity for the next generation of crypto games.
2026-01-16 · 19 days ago0 0179WAGMI vs. NGMI: Understanding the Language of the Crypto Market
Step into any crypto discussion on X (Twitter), Discord, or Reddit, and you’ll be hit with a barrage of unfamiliar acronyms. It can feel like an exclusive club with its own secret language. Of all the slang, two terms reign supreme in capturing the emotional rollercoaster of the market: WAGMI and NGMI.
Understanding the WAGMI meaning and the brutal honesty of NGMI is more than just learning vocabulary—it’s about understanding the psychology of the crypto community. At BYDFi, we believe that informed traders are the most successful traders, and that starts with speaking the language.
WAGMI: The Battle Cry of Optimism
WAGMI stands for "We're All Gonna Make It."
This is the ultimate expression of hope and community in the crypto space. It’s a rally cry that signifies a shared belief in a project's success and the conviction that everyone in the community, from the largest whale to the smallest retail investor, will benefit.
You'll typically see WAGMI used when:
A project announces positive news or a new partnership.The market is experiencing a strong bull run.Community members are encouraging each other to "HODL" (hold on for dear life) during a price dip.
WAGMI is about collective conviction. It’s a powerful sentiment that can fuel momentum and build a loyal following around a token or NFT project.
NGMI: The Harsh Verdict of Crypto Darwinism
On the opposite end of the spectrum, NGMI stands for "Not Gonna Make It."
This is a blunt, often critical judgment passed on a person, project, or decision. The NGMI full form is a declaration that someone has made a fatal error in their strategy or that a project is fundamentally flawed and doomed to fail.
NGMI is frequently used to describe someone who:
Panic-sells their holdings at the bottom of a market dip.Falls for an obvious scam or phishing attack ([Learn how to spot and avoid crypto scams]).Invests in a project with clear red flags without doing their own research.Fails to understand a basic concept of the crypto space.
To be labeled NGMI is to be told you don't have what it takes to succeed in this demanding and fast-paced environment.
How Traders Can Use This as a Sentiment Indicator
While seemingly simple slang, the prevalence of WAGMI vs. NGMI can be a powerful, if informal, market sentiment indicator.
A chorus of "WAGMI" across social media can signal that market sentiment is highly optimistic or "greedy." This can indicate strong momentum, but it can also be a warning sign of excessive FOMO (Fear Of Missing Out) that may precede a market correction.An increase in "NGMI" can show that sentiment is turning fearful or critical. It might highlight growing FUD (Fear, Uncertainty, and Doubt) around a specific project or the market as a whole.
While you should never trade on slang alone, paying attention to the language of the community can provide valuable context to your technical and fundamental analysis.
From Outsider to Insider
Understanding terms like WAGMI and NGMI is your first step to becoming a more informed market participant. It allows you to decode the sentiment of the community and see beyond the charts.
Speaking the language is the start. Having the right platform to act on that knowledge is the next step. Join the community of savvy traders on BYDFi today!
2026-01-16 · 19 days ago0 0457Crypto Trading Basics: A Beginner's Guide to Order Types
Entering the world of cryptocurrency trading can feel like stepping into the cockpit of a fighter jet. There are flashing lights, moving charts, and a dozen different buttons to press. If you don't know what you are doing, you can crash and burn very quickly.
Many beginners make the mistake of thinking trading is just about clicking "Buy" or "Sell." In reality, how you enter and exit a trade is just as important as what you trade. To navigate the volatility of the crypto market, you need to master the different Order Types. These are the tools that allow you to control price, manage risk, and automate your strategy.
Speed vs. Precision: Market and Limit Orders
The two most fundamental order types represent a choice between speed and price.
1. Market Orders (The "Now" Button)
A Market Order is the simplest type. It tells the exchange: "Buy or sell this asset right now, at the best available price."- Pros: Guaranteed execution. You will get into the trade instantly.
- Cons: You have no control over the price. In a fast-moving market, "Slippage" can occur, meaning you might end up paying a higher price than you expected because the lowest sell orders were consumed instantly. Use this when speed is the only thing that matters.
2. Limit Orders (The Sniper)
A Limit Order tells the exchange: "Buy or sell this asset only at this specific price (or better)."- Pros: Price guarantee. You will never pay more than you want.
- Cons: No guarantee of execution. If the market price never reaches your limit price, your trade will simply sit there unfilled. Use this when you are patient and want a specific entry point.
The Safety Nets: Stop-Loss and Stop-Limit
Once you are in a trade, you need to protect your capital. This is where "Stop" orders come in.
3. Stop-Loss Orders (The Insurance Policy)
A Stop-Loss is an instruction to sell your asset if the price drops to a certain level. It is an automated exit plan designed to limit your losses.- Example: You buy Bitcoin at $90,000. You set a Stop-Loss at $85,000. If the price crashes while you are asleep, the system automatically sells your position at $85,000 to prevent you from losing more.
4. Stop-Limit Orders
This is a more advanced version. When the "Stop" price is hit, instead of selling immediately (Market Order), it places a "Limit Order" to sell.- Risk: If the price crashes too fast, it might skip over your limit price entirely, leaving you holding the bag. For beginners, a standard Stop-Loss is usually safer.
Locking in Gains: The Trailing Stop
One of the most powerful tools for capturing a bull run is the Trailing Stop.
This is a dynamic order that follows the price as it goes up. If you set a trailing stop of 5%, and Bitcoin rises from $90k to $100k, your stop price moves up with it. However, if the price drops by 5%, the order freezes and executes the sell.- Benefit: It allows you to let your profits run while automatically securing gains if the trend reverses.
Conclusion
Successful trading isn't about predicting the future; it is about managing risk. By using Limit orders to enter and Stop-Loss orders to protect yourself, you remove emotion from the equation. You stop gambling and start executing a plan.
To practice using these tools in a professional environment, you need an exchange with a robust trading engine. Join BYDFi today to access advanced order types and trade with institutional-grade precision.
2026-01-16 · 19 days ago0 0156What Is "Shilling" in Crypto? A Guide to Spotting the Hype
If you've spent more than five minutes on Crypto Twitter, YouTube, or Telegram, you've seen it. A person, often with a flashy profile picture, posting non-stop about a "hidden gem" or the "next 100x coin." Then, in the replies, you see someone post a single word: "shill."
So, what does that actually mean? Is it just a generic insult, or does it point to something deeper? As your guide through the wilder parts of the crypto world, let me tell you: it's one of the most important words you need to understand to protect your money.
Shilling Explained: The Modern-Day Snake Oil Salesman
At its heart, shilling crypto is the act of promoting a cryptocurrency or project for personal gain, while pretending to be an unbiased, genuine enthusiast.
Think of a carnival barker trying to lure you into a rigged game, or a snake oil salesman promising a miracle cure. The shill crypto meaning is rooted in this inauthenticity. They are not sharing a good investment opportunity because they care about you; they are promoting it because they will profit from your decision to buy.
This profit can come from:
Being paid directly by the project developers.Holding a large bag of the tokens and wanting to "pump" the price so they can sell theirs at a profit.
Your Shill Detection Kit: 5 Red Flags to Watch For
Shills operate in the open, but they rely on hype and FOMO (Fear Of Missing On) to cloud your judgment. Here’s how you can spot them:
- Outrageous Price Predictions: You'll see phrases like "Guaranteed 100x!" or "This is the next Bitcoin!" Real projects with solid fundamentals don't need this kind of hype.
- Focus on Hype, Not Substance: They talk about a "revolutionary team" and "game-changing tech" but offer zero specifics. They can't explain how it works, only that it's "the future."
- Creating Extreme Urgency: "You need to buy NOW before we go parabolic!" or "Last chance to get in this cheap!" This is a classic high-pressure sales tactic designed to make you act without thinking.
- Ignoring All Criticism: If anyone asks a tough question about the project's technology, security, or team, the shill will either ignore it, block the person, or attack them as a "hater" spreading "FUD" (Fear, Uncertainty, and Doubt).
- A Suspicious Profile: Often, the account is relatively new, posts about nothing but this one specific coin, and retweets other accounts that are doing the same.
The Danger: The "Pump and Dump" Scheme
Shilling is the marketing engine for one of the oldest scams in the book: the Pump and Dump.
- The Pump: A group of insiders and shills coordinate to hype up a low-quality coin, creating a frenzy of buying from unsuspecting retail investors. This causes the price to skyrocket.
- The Dump: Once the price has peaked, the insiders and shills sell all of their holdings at the inflated price.
- The Crash: The price collapses, leaving all the new investors holding worthless bags.
Your Best and Only Defense: DYOR
So how do you navigate this landscape? With three simple letters: DYOR (Do Your Own Research).
Before ever investing, ignore the hype and investigate the fundamentals for yourself. Read the whitepaper, research the development team, check the community channels for genuine discussion, and look at the project's actual utility.
The crypto space is filled with incredible innovation. But it's also filled with noise. Learning to separate the signal from the shilling is the most critical skill you can develop.
Want to trade projects with real substance and liquidity? Explore established and promising assets in a professional trading environment on BYDFi.
2026-01-16 · 19 days ago0 0376
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