1. Deposit
Depositing cryptocurrencies: Sending currency from another wallet or platform to your account on Binance.
Depositing fiat currencies (in some countries): Through bank transfer or credit card to purchase currencies.
Important Note: Always make sure to select the correct network (such as ERC20 or BEP20) to avoid losing your funds.
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2. Withdraw
Withdrawing coins: Sending currency from your Binance account to another wallet or to someone else.
Check the fees: There are withdrawal fees that vary based on the currency and network used.
Check the address and network: A small mistake could lead to losing coins.
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3. Spot Trading
What is it? Buying and selling currencies directly at market price.
Types of orders:
Market Order: Immediate buy/sell at the best available price.
Limit Order: Setting a specific price to buy or sell, which is executed when the market reaches that price.
Stop-Limit: A smart order to execute a sale or purchase when a certain price is broken (important for loss management).
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4. Binance Earn
What is it? A way to make your coins earn profits without trading.
Types of earning:
Flexible Savings: Deposit your coins and earn daily interest, and you can withdraw them at any time.
Locked Savings: Freezing your coins for a certain period in exchange for higher interest.
Staking: Locking certain coins to support the network and earn rewards.
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5. Derivatives (for advanced users)
Like futures contracts, to trade on price predictions without actually owning the currency, but with very high risks.
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6. Important additional points:
Documentation (KYC): You must verify your account with your identity to use all features and withdraw large amounts.
Security: Enable two-factor authentication (2FA) via Google Authenticator to increase account security.
Fees: You can reduce trading fees if you use BNB to pay for fees.
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Summary
> If you are a beginner, first focus on spot trading, learn to deposit and withdraw safely, then later explore secure earning options like savings.
