A detailed explanation of each section in the Binance app in a simplified manner. Part two
4. Transfer:
Purpose: To transfer cryptocurrencies between your Binance account and your personal wallet.
Contents:
From account to wallet: If you want to transfer your cryptocurrencies from your Binance account to your personal wallet.
From wallet to account: To transfer cryptocurrencies from your wallet to your Binance account.
5. P2P (Peer-to-Peer Exchange):
Purpose: This section is dedicated to buying and selling cryptocurrencies directly between you and other individuals.
Contents:
Buying cryptocurrencies: You can buy cryptocurrencies directly from other users.
Selling cryptocurrencies: You can sell your cryptocurrencies to someone else.
Payment methods: Payments can be made through means such as bank transfer, Vodafone Cash, or other methods as agreed.
6. Discounts and Rewards (Earn):
Purpose: A dedicated section for opportunities to increase your balance through savings or interest.
Contents:
* **Savings: You can save cryptocurrencies and earn interest on them over time. Staking: You can "freeze" your cryptocurrencies for a period and earn interest on them.
7. Education (Learn):
Purpose: A dedicated section for educational lessons for beginners.
Contents:
Training courses: Binance offers free courses to help you learn about cryptocurrencies and how to trade.
Questions and Answers (FAQ): If you have any questions about the app or cryptocurrencies.
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