๐ข Day 3 โ Binance App Explained (For Beginners)
#Binance If you are new to the Binance app, it is very important to understand these 3 things on the first day ๐
๐น 1๏ธโฃ Wallet (Funds Section)
Here your: โข Coins are kept safe
โข Deposit / Withdraw happens
โข Spot, Funding, and Earn wallets are visible
๐ First understand the wallet, do not trade without understanding it.
#Wallet $BTC $ETH $BNB ๐น 2๏ธโฃ Spot Trading (Beginner Friendly)
Spot means: โข Buy the coin
โข Hold it
โข Sell when the price goes up
โ๏ธ Simple
โ๏ธ Low risk (as compared to futures)
โ๏ธ Best option for beginners
๐น 3๏ธโฃ P2P Trading (Very useful for Pakistan ๐ต๐ฐ)
#P2P On P2P: โข Easy JazzCash / Easypaisa / Bank transfer
โข Buy/sell directly from people
โข Binance provides escrow protection
โ ๏ธ Important Warning โ Futures Trading โ ๏ธ
โ Beginners stay away from Futures
โข High leverage
#AvoidFutures โข Quick loss
โข Emotional trading
โข Account can be wiped
๐ Only engage in Futures when: โ๏ธ You have proper knowledge
โ๏ธ You understand risk management
โ๏ธ You can afford the loss
๐ Remember:
First Learn โ Then Invest โ Then Earn
If you are a beginner and want safe crypto learning, follow โ in the next post:
๐ข โSimple method of spot trading (Step by Step)โ ๐