If you open the Binance app, the most important part you should learn to navigate is the Wallet, as it is the place that holds your funds and your trading and transfer history. Here’s a detailed explanation:
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📌 First: Accessing the wallet
1. Open the Binance app 📱
2. In the bottom bar, click on 'Wallet' or 'Wallet' (which is on the far right).
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📂 Second: Types of wallets within Binance
1. Funding
👉 It is used for deposits and withdrawals from cards, P2P, and the cold wallet.
For example, if you want to buy USDT via P2P, you go here first.
2. Spot
🪙 Here you can buy and sell coins directly.
Example: If you bought BTC with USDT, the transaction will be in the spot.
3. Contracts (Futures)
📉📈 This wallet is for leveraged trading, it has high risk and potentially higher rewards.
(For advanced traders)
4. Earning (Earn)
💰 For passive income lovers, you can let the coins earn interest.
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🔄 Third: How to transfer coins between wallets?
1. Go to the wallet.
2. Select 'Transfer'.
3. Specify which wallet to which wallet.
For example: from Funding to Spot.
4. Select the currency and amount, then 'Confirm'.
💡 Note: Transfers between wallets within Binance are 100% free.
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🧠 Tips for beginners:
• Do not store all your funds in the contract wallet if you do not know how to use it.
• Monitor the wallet daily to ensure there are no unusual movements.
• Use the cold wallet or two-factor authentication to protect your account 🔐
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🚀 Readiness starts with understanding, and every successful trader started here!
If you understand your wallet… you can control your funds with awareness and confidence 💪
