The following are some relevant concepts for getting started with Binance trading:

🎖️ Platform Token (BNB)

Binance Coin (BNB) is the platform token of the Binance exchange and the ecological token of the Binance Smart Chain. It has various uses, such as participating in trading on the Binance platform with discounted transaction fees. As the amount held and the usage scenarios increase, the discount becomes greater.💸

💡 Types of Trading

- Spot Trading: This refers to users directly buying and selling digital currencies at the current market price. The transaction is settled immediately after completion, suitable for investors who prefer steady investments and have a relatively accurate judgment of market price trends. 📈

- Contract Trading: This is a type of derivative trading where users can engage in leveraged trading by predicting the rise or fall of digital currency prices, aiming for high returns with a small investment, but it also comes with higher risks. 🚀

📝 Types of Orders

- Limit Order: Users can set a specific price to buy or sell digital currencies, and the order will only be executed when the market price reaches or exceeds the set price. 🔍

- Market Order: Orders are executed immediately at the current market's best price, and users do not need to set a specific price, suitable for investors seeking quick transactions. ⚡

💰 Trading Fees

Binance charges a certain percentage of fees based on different trading pairs and trading methods. If you hold BNB, when paying fees, the system will calculate the equivalent amount of BNB based on the current market value. Using BNB to pay for fees allows for certain discount benefits. 🎁

Before participating in Binance trading, it is essential to fully understand the relevant rules and risks, ensure that your trading actions are legal and compliant, and formulate a reasonable strategy based on your own risk tolerance and investment goals.$BTC #空投防骗手册