Trading operations on Binance refer to the buying and selling activities of cryptocurrency assets on the Binance platform, which is one of the largest cryptocurrency exchanges in the world. Here is a complete explanation:
1. Types of Trading on Binance
Binance offers several types of trading:
a. Spot Trading
Direct trading between two cryptocurrency assets (for example: BTC/USDT).
The price is paid in full when the transaction occurs.
Suitable for beginners.
b. Margin Trading
Allows users to borrow funds to increase their trading position.
There is a risk of liquidation if the market moves against.
Requires collateral.
c. Futures Trading
Trading contracts for cryptocurrency assets.
Can profit whether prices go up or down (long & short).
Leverage up to 125x.
There is high risk.
d. Convert
A quick conversion tool between cryptocurrency assets without viewing the order book.
Suitable for users who want instant conversion.
e. P2P (Peer-to-Peer)
Users buy/sell crypto directly between users.
Payments can use bank transfers, e-wallets, etc.
Binance acts as an escrow intermediary.
2. How to Perform Spot Trading (Example)
Create a Binance account and complete KYC verification.
Deposit funds (can be crypto or fiat like IDR via transfer).
Go to the "Trade" menu > "Spot".
Select a crypto pair, for example BTC/USDT.
Enter the amount and type of order:
Limit Order (set your own price).
Market Order (follow the market price).
Stop-limit or OCO (trading automation).
Click "Buy" or "Sell".
3. Trading Fees
Spot: starting from 0.1% per transaction, can be cheaper if using BNB to pay fees.
Futures: lower, depending on the type of contract.
P2P: usually free, but there may be additional fees from payment methods.
4. Security in Trading
2FA verification (Google Authenticator or SMS).
Protection against market manipulation through Binance's monitoring system.
User funds are stored separately (cold wallet vs hot wallet).
If you want a more specific explanation, for example about trading strategies, leverage usage, or advanced features like grid.