$BTC
Trading on Binance means buying and selling cryptocurrencies like Bitcoin (BTC) or Ethereum (ETH) or others, with the aim of making a profit from the price difference.
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Types of trading on Binance:
1. Spot Trading:
You buy and sell currencies directly.
For example: You buy BTC for $1000 and sell it later for $1200.
2. Futures Trading:
You trade based on future prices of currencies (profit or loss from price movement).
Leverage can be used (for example: trading with $100 as if it were $1000).
It has higher risk and requires experience.
3. Automated Trading (Bots / Grid Trading):
You use robots to open trades automatically according to a specific strategy.
4. P2P Trading (Peer to Peer):
Buying and selling currencies with other users directly, often using local currencies (like dollars or shekels).