Spot Wallet
Use: For regular buying/selling (like BTC, ETH, etc.)
Recommended: If you want to trade or simply buy and hold coins.
Security: Decent, but not the best for long-term storage.
2. Funding Wallet
Use: For P2P trading, Binance Pay, etc.
Recommended: If you're sending or receiving money via P2P.
Security: Standard level, meant for specific uses.
3. Earn Wallet
Use: For investing money (staking, savings, etc.)
Recommended: If you want to earn interest on your crypto.
Security: Depends on Binance, but generally better for long-term use.
4. Margin / Futures Wallet
Use: Advanced trading using leverage.
Recommended: Only for experienced traders. Risky for beginners.
Security: High risk, high reward. Losses can happen quickly.
5. Trust Wallet / Cold Wallet (Off Binance)
Use: For long-term storage (HODLing).
Recommended: If you're not planning to sell your coins anytime soon.
Security: Most secure option โ fully under your control.
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