Before starting trading, it is important to distinguish between two types of wallets:
1. Spot Wallet:
Used for direct trading, where you hold the cryptocurrencies you buy or sell.
2. Funding Wallet:
Used to receive currencies from peer-to-peer (P2P) trading or through Binance Pay and transfers between users.
Transfers between the wallets are free and instant.
Which is better for trading: USDT or USDC?
Most traders prefer using USDT due to its abundant liquidity and the variety of trading pairs available compared to USDC.
Current top trading pairs against USDT:
BTC/USDT: The most active and liquid pair.
ETH/USDT: An excellent option for portfolio diversification.
BNB/USDT: Binance's official currency.
XRP/USDT and SOL/USDT: Experiencing active trading movement.
NeuraToken/USDT: An emerging currency that has seen significant growth recently.
Advice for new traders:
It is preferable to start with high liquidity pairs like BTC and ETH, and then gradually expand based on your level of knowledge and experience.
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Registration link for Binance platform
https://www.binance.com/referral/earn-together/refertoearn2000usdc/claim?hl=en&ref=GRO_14352_VLK42
