For those new to cryptocurrency trading or experienced traders seeking a simplified version of the Binance App, Binance Lite offers an intuitive and straightforward platform for buying, selling, and converting cryptocurrencies.
What is Binance Lite?
Binance Lite is a streamlined version of the Binance App, designed to provide essential information and trading features without the complexity of the pro version. It is particularly beneficial for users with low-quality internet connections or older mobile devices.
To access Binance Lite, tap the menu icon in the top left corner of your home screen. The Binance Lite option will be displayed at the bottom of the menu.
How Binance Lite Works
Upon opening Binance Lite, users are presented with a list of cryptocurrencies. You can sort these by criteria such as market capitalization, price trend, and popularity.
To view price trends, tap on any cryptocurrency to display a simple candlestick chart. You can adjust the time frame to view trends over various periods. At the bottom of the page, relevant news and information about the selected cryptocurrency are available.
Binance Lite also offers access to Binance Earn products, allowing users to potentially grow their crypto holdings through various investment opportunities.
How to Buy Cryptocurrency on Binance Lite
Step 1: Select the cryptocurrency you wish to purchase. For example, if you want to buy BNB, tap on BNB to view its trend chart, current price, and other key data. Then, tap the 'Buy' button located at the bottom right corner.
Step 2: Enter the amount you intend to spend and confirm by tapping 'Buy' again. Select your preferred payment method and click 'Confirm'.
Step 3: Review your order details, including the amount of BNB you will receive. Verify the payment information and complete the payment as per the seller's instructions. Once the payment is made, take a screenshot and tap 'Transferred, notify seller'.
Step 4: After the transaction is confirmed, the purchased BNB will appear in your portfolio.
How to Sell Cryptocurrency on Binance Lite
Step 1: Open the portfolio tab located at the bottom right corner. Tap on the asset you want to sell.
Step 2: The transaction history and balance will be displayed. Tap 'Sell' at the top of the page and enter the amount you wish to sell. Then, confirm by tapping 'Sell' again.
Step 3: Select the payment method for receiving fiat currency. Once the payment is received, verify it and release the crypto to the buyer.
Binance Lite simplifies the process of trading cryptocurrencies, making it an ideal choice for users who prefer a less complicated interface without compromising on essential trading functions.
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