#MyTradingStyle $BTC Your quick guide to the world of Binance: spot trading, futures, and staking
In the world of cryptocurrencies, the Binance platform is your gateway to a vast world of opportunities. But before getting started, you need to understand the difference between three main tools: spot trading, futures, and staking.
1. Spot Trading: direct investment
This is the simplest type of trading. You buy a cryptocurrency (like BTC or ETH) and keep it in your wallet.
The highlight: you fully own the coin.
The risk: it is limited, as you do not use leverage.
Example: you bought 100 USDT of Bitcoin and waited for it to rise, you can sell it whenever you want.
It is suitable for you if: you are a beginner or want to hold the coin for a while.
2. Futures: quick profits but higher risk
Here you don't actually buy the coin, but rather bet on the increase or decrease of its price using leverage.
The highlight: you can profit whether it goes up or down.
The risk: very high, you can lose all your capital quickly.
3. Staking: passive earnings while you sleep
You leave your coins on the platform and earn benefits on them as interest.
The highlight: fixed income, no effort.
The risk: lower, but the coin itself may lose its value.
