โ Step-by-Step Guide to Start Spot Trading on Binance
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๐ข STEP 1: Create & Verify Your Binance Account
1. Go to https://binance.com or download the Binance app.
2. Register using your email or phone number.
3. Complete KYC (verification) by submitting your ID and a selfie (for security).
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๐ข STEP 2: Deposit Funds (USDT or Local Currency)
You have 2 options:
A. Deposit USDT (Recommended for trading)
Go to Wallet > Deposit
Choose USDT, select the correct network (e.g., TRC20), and copy the wallet address.
Send USDT from any other wallet or app.
B. Buy with Local Currency (PKR, etc.)
Go to Buy Crypto > P2P (Peer-to-Peer)
Choose a seller, send payment (e.g., bank transfer), and receive USDT in your wallet.
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๐ข STEP 3: Go to Spot Trading
Tap "Trade" at the bottom menu โ Choose "Spot"
Search for a pair like BTC/USDT, ETH/USDT, etc.
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๐ข STEP 4: Place Your First Order
There are two main types of orders:
1. Market Order (Buy instantly at current price)
Select "Market"
Enter amount (e.g., $20 worth of BTC)
Tap Buy BTC
2. Limit Order (Buy at your chosen price)
Select "Limit"
Set price lower than market
Enter amount
Tap Buy BTC
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๐ข STEP 5: Check Your Crypto
Go to Wallet > Spot Wallet
You will see the crypto you bought (e.g., BTC or ETH)
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๐ข STEP 6: Sell When Price Increases (Profit Time)
Return to Trade > Spot
Choose the pair (e.g., BTC/USDT)
Tap Sell, choose Market or Limit
Enter the amount to sell
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โ ๏ธ Beginner Safety Tips:
Start small ($10โ$50)
Always double-check network before transferring crypto
Never share your password or 2FA code
Use Stop-Loss to prevent big losses in price drops