#TradingTypes101
The Binance platform is one of the largest and most famous cryptocurrency trading platforms in the world and offers many options for trading Bitcoin. Here’s a detailed guide on how to trade Bitcoin on Binance, considering the important aspects:
1. Create and activate an account on Binance:
* Registration: Visit Binance.com or download the Binance app on your smartphone. Sign up using your email or phone number.
Create a strong password: Choose a password that contains uppercase and lowercase letters, numbers, and symbols to enhance security.
Identity verification (KYC): This is a mandatory step to unlock all account features and increase withdrawal limits. You will need to provide identity documents such as a passport or national ID card. This process may take some time.
Enable two-factor authentication (2FA): Activate 2FA using the Google Authenticator app or by SMS verification. This significantly enhances the security of your account.
2. Deposit funds into your Binance account:
After activating your account, you need to deposit funds to buy Bitcoin.
* Spot Trading:
* This is the most common method. You buy Bitcoin and actually own it in your Binance wallet.
* How to do this:
* After depositing your funds, go to the "Trade" section and then select "Spot."
* Look for the BTC (Bitcoin) trading pair against the currency you deposited (such as BTC/USDT, BTC/BUSD, BTC/EUR).
