#GENIUSActPass $BTC Your Quick Guide to the World of Binance: Spot Trading, Futures, and Staking
In the world of cryptocurrencies, the Binance platform is your gateway to a vast array of opportunities. But before you start, you need to understand the difference between three main tools: Spot Trading, Futures, and Staking.
1. Spot Trading: Direct Investment
This is the simplest type of trading. You buy a cryptocurrency (like BTC or ETH) and keep it in your wallet.
Highlight: You own the currency entirely.
Risk: Limited, because you do not use leverage.
Example: You bought 100 USDT worth of Bitcoin and waited for it to rise; you can sell it whenever you want.
Best for: Beginners or those looking to hold the currency for a while.
2. Futures: Quick Profit but Higher Risk
Here, you do not actually buy the currency; instead, you bet on its price going up or down using leverage.
Highlight: You can profit from both rising and falling prices.
Risk: Very high, you can lose all your capital quickly.
3. Staking: Passive Income While You Sleep
You leave your coins on the platform and earn profits on them like interest.
Highlight: Steady income, with no effort.
Risk: Lower, but the currency itself may lose value.