When accessing your account on Binance, you may have come across several tabs like Spot Wallet, Margin Funds, P2P, Earn, and others.
But what does each one mean?
1. Spot:
This is where your cryptocurrencies are available for buying, selling, or transferring. It is the main wallet.
2. P2P:
Used for direct purchases and sales between people (with real currency, via Pix, for example). The funds here are held 'in escrow' until the transaction is completed.
3. Earn:
This is where the cryptocurrencies you have placed to generate passive income are kept — as if they were 'investments' within Binance.
4. Margin / Futures:
These are specific wallets for more advanced and leveraged operations. Attention: they involve higher risk.
5. Funds:
Used for derivatives operations and adjustments in futures positions.
Tip:
Check where your assets are before trying to withdraw or transfer. And always understand the type of operation you are performing!
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