Binance Trading and Investment Guide (001)
This will be a series of posts aimed at simplifying trading and investment for beginners in the Binance cryptocurrency exchange.
Summary of the main types of trading and services available on the Binance platform (Binance) in brief points:
📉 Basic types of trading on Binance
| 1. Spot Trading | Buying and selling cryptocurrencies instantly and directly, owning the digital asset. | Spot Trading | This is the most commonly used.
| 2. Margin Trading | Using borrowed funds from the platform (debt) to increase the size of spot trading transactions. | Margin Trading |
| 3. Futures Trading | Speculating on the future price of a cryptocurrency (up or down) using high leverage | Futures Trading |
| 4. P2P Trading | Directly exchanging cryptocurrencies between users (often for buying cryptocurrencies with local currencies). P2P Trading
| 5. Trading Bots | Using bots and algorithms to execute trades automatically based on specific strategies. | Trading Bots
💰 Investment and Passive Income Options
In addition to trading, Binance offers options such as:
* Staking: Locking up cryptocurrencies to help secure the blockchain network and receive periodic rewards.
* Savings: Depositing cryptocurrencies to earn flexible or fixed returns on them.
😊 Our next post will be about: Spot Trading