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Difference between Currency Exchange and Spot Trading on Binance for Beginners:
If you are new to cryptocurrency and want to understand the difference between currency conversion and spot trading on Binance, here is a simple explanation:
1. Currency conversion #convert
What is it?
A conversion is a straightforward process where one cryptocurrency is exchanged for another instantly without getting into market details or trading fees.
How does it work?
On Binance, you can choose the currency you want to convert from and the currency you want to convert to. Once you enter the required amount, the conversion value will be displayed, and you click “Confirm” to complete the process.
1. Currency conversion #convert
What is it?
A conversion is a straightforward process where one cryptocurrency is exchanged for another instantly without getting into market details or trading fees.
How does it work?
On Binance, you can choose the currency you want to convert from and the currency you want to convert to. Once you enter the required amount, the conversion value will be displayed, and you click “Confirm” to complete the process.
#Memecoins #CoinMaster #NEWALTCOINS #newproject When this meme token is getting listed on binance?
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Spread in crypto trading?
What is a spread?
In cryptocurrencies, the spread usually refers to the difference between the buy price (#BID ) and the sell price (#ask ). The buy price is the highest amount that buyers are willing to pay, and the sell price is the lowest amount that sellers are willing to accept. Simply put, the spread is the gap between the buy and sell prices of an asset, representing the cost of executing the transaction.$BTC
In cryptocurrencies, the spread usually refers to the difference between the buy price (#BID ) and the sell price (#ask ). The buy price is the highest amount that buyers are willing to pay, and the sell price is the lowest amount that sellers are willing to accept. Simply put, the spread is the gap between the buy and sell prices of an asset, representing the cost of executing the transaction.$BTC
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YES I CONFIRM, BE VERY CAREFUL BECAUSE THE CONVERSION COST ME A LOT. I CONVERTED 18,000 EUROS AND I ONLY GOT 16,000 EUROS BACK. I WAS REALLY NERVOUS....
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