G'day, Aussie crypto enthusiasts! 🇦🇺 Ready to dive into the world of trading on Binance? Let's break down the key trading types you can explore on Binance Square. #tradingtypes101

Spot Trading

What is it? Buy and sell cryptocurrencies like Bitcoin ($BTC ) and Ethereum ($ETH ) at current market prices with immediate settlement. Perfect for beginners!

Why choose it? Low risk, no leverage, and straightforward. Ideal for those looking to buy and hold.

Example: Buy 0.01 BTC with USDT instantly at the market price.

Futures Trading

What is it? Trade contracts to buy/sell crypto at a set price in the future, using leverage to amplify gains (or losses).

Why choose it? High risk, high reward! Great for experienced traders predicting market moves.

Example: Go long on BTC/USDT futures with 5x leverage to bet on price rising.

Margin Trading

What is it? Borrow funds to trade larger positions, increasing potential profits but also risks.

Why choose it? Boost your trading power, but beware of margin calls

Example: Borrow USDT to buy more ETH than your wallet allows.

Disclaimer: Crypto trading carries high risks. Only invest what you can afford to lose. Not financial advice. #AUSCrypto #BinanceSquare #TradingTypes101 #TradingTypes101 #boost