‼️Day 1 OF LEARNING‼️
1. What Binance Is:
Binance is one of the largest cryptocurrency exchanges in the world. It allows users to buy, sell, and trade hundreds of cryptocurrencies like Bitcoin, Ethereum, BNB, and many others.
2. Account Verification (KYC):
To use all features (like higher withdrawal limits), you need to complete KYC (Know Your Customer) verification — upload ID, take a selfie, and provide personal info.
3. Trading Types:
Binance offers Spot Trading (buy/sell at current prices), Futures Trading (betting on price movement), and Margin Trading (borrowing funds to trade). Beginners should stick to spot trading.
4. Security Features:
Use 2FA (Two-Factor Authentication), anti-phishing codes, and withdrawal whitelist to protect your account from hacking.
5. BNB Coin Benefits:
Binance has its own token called BNB (Binance Coin). Holding and using BNB gives you trading fee discounts and other benefits on the platform.‼️