1. Account Registration
- Global Users: Sign up on [Binance](https://www.binance.com) using an email or phone number, create a strong password, and complete identity verification (KYC). Enable two-factor authentication (2FA) for security .
- U.S. Users: Use [Binance.US](https://www.binance.us), which supports USD services since February 2025. Registration is similar but includes additional compliance checks for U.S. residents .
2. Deposit Funds
- Crypto Deposits: Navigate to the "Deposit" section, select your cryptocurrency (e.g., BTC, ETH), copy the wallet address, and send funds from an external wallet. Double-check the network (e.g., ERC-20 vs. BEP-20) to avoid loss .
- Fiat Deposits:
- Global Users: Use bank transfers, credit/debit cards, or third-party payment methods (fees vary). Bank transfers are recommended for lower fees .
- U.S. Users: Link a bank account via ACH for fee-free USD deposits. Supported USD pairs include BTC/USD, ETH/USD, and 10+ others .
3. Placing Trades
Trading Interfaces
- Convert (Basic): Instantly swap cryptocurrencies (e.g., BNB to BTC) with a simple interface. Ideal for beginners but lacks advanced tools .
- Spot Trading (Advanced): Use the "Spot" tab for detailed charts, order books, and advanced order types. Select trading pairs like BTC/USDT or ADA/USD .
Order Types
- Market Order: Execute trades instantly at current prices.
- Limit Order: Set a specific price for buying/selling (e.g., buy BTC at $30,000).
- Stop-Limit/Trailing Stop: Automate trades to lock profits or limit losses. For example, set a stop-loss at 5% below the market price .
- OCO (One Cancels the Other): Combine a limit order and stop-limit order to manage risk (e.g., sell BTC at $35,000 or trigger a stop-loss at $28,000) .
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4. Advanced Features
- Recurring Buys: Schedule automated purchases (daily, weekly) for dollar-cost averaging .
- Staking: Earn rewards by staking Proof-of-Stake coins like ETH, SOL, or BNB .
- API Trading: Automate strategies using Binance’s high-speed APIs .
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5. Risk Management Tips
- Verify Addresses: Avoid clipboard hijackers by double-checking wallet addresses .
- Start Small: Use demo accounts (e.g., eToro’s 100k demo) to practice before risking real funds .
- Leverage Caution: Margin trading amplifies gains and losses. Beginners should avoid high leverage .
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Key Differences: Binance vs. Binance.US
| Feature | Binance (Global) | Binance.US |
|-----------------------|---------------------------|--------------------------|
| Availability | 150+ countries (excl. US) | US residents only |
| USD Services | Limited | Full ACH support |
| Trading Pairs | 500+ cryptocurrencies | 160+ cryptos, 170+ pairs
