#cursodeBINANCEYCRIPTOMONEDAS
Here are the answers to the questions in Module 2: Setup and Security on Binance:
*Module 2 Questions and Answers*
1. What is identity verification on Binance?
Identity verification on Binance is a process that helps protect your account and comply with financial regulations. It involves providing documents that prove your identity.
1. What is two-factor authentication?
Two-factor authentication (2FA) is an additional layer of security that requires two forms of verification to access your account: your password and a code sent to your phone or authenticator app.
1. Why is it important to manage private keys?
Managing private keys is crucial to protecting your cryptocurrencies. Private keys allow you to access your funds, so it is essential to keep them safe and not share them with anyone.
#*Let's get started with Module 3: Buying and Selling Cryptocurrencies on Binance.*
_Module 3: Buying and Selling Cryptocurrencies on Binance__Lesson 3.1: Order Types_
1. Market Order: Buy/Sell at the current price.
2. Limit Order: Buy/Sell at a specific price.
3. Stop-Loss Order: Sell to limit losses._
Lesson 3.2: How to Buy Cryptocurrencies_
1. Select the cryptocurrency.
2. Choose the order type.
3. Set quantity and price.
4. Confirm the purchase._
Lesson 3.3: How to Sell Cryptocurrencies_
1. Select the cryptocurrency.
2. Choose the order type.
3. Set quantity and price.
4. Confirm the sale._
Activity_1. Practice buying and selling cryptocurrencies on Binance.
2. Experiment with different types of orders._
Questions and Answers_
1. What is a market order?
2. How does a limit order work?
3. Why is it important to set a stop-loss?
remember these
