Oct 5, 202317 min read

Binance Website Review — Your Guide to Spot Trading on Binance from Beginner to Pro

Whether you’re a beginner in cryptocurrency or forex, an advanced crypto trader or simply a HODLer who wants to earn some extra rewards and passive income, Binance is for you.

The Binance Exchange is a leading cryptocurrency exchange founded in 2017. The exchange has supporting services for users to earn interest or transact using cryptocurrencies and also offers programs for miners and helps traders make investment decisions through Makets as we are going to see.

Binance offers crypto-to-crypto trading in more than 350 cryptocurrencies and virtual tokens, including bitcoin (BTC), ether (ETH), litecoin (LTC), dogecoin (DOGE), and its own coin, BNB (Binance Coin) among others. It features a strong focus on altcoin trading.

If you are new to Cryptocurrency, it is a digital form of money that uses cryptography for security and operates independently of a central bank.

What is the Binance Cryptocurrency Exchange?

Binance Cryptocurrency exchange web page screenshot

Binance was created in 2017 by Changpeng Zhao, a well-known entrepreneur, investor, and software engineer. He started the exchange in July, and within six months, the exchange grew to become one of the largest crypto exchanges in the world.

Primarily known for crypto-to-crypto trading, trading between two cryptocurrency pairs, the Binance exchange has some of the lowest cryptocurrency transaction fees.

In fact, one of the benefits of using Binance for crypto trading and exchange is There are no fees charged for cryptocurrency or fund deposits. However, withdrawals come with a transaction fee that varies depending on the cryptocurrency and transaction amount.

Binance Services faces regulatory Interruptions in the U.S., the U.K., and Belgium, among other Countries and Regions around the World.

Binance has a global presence but is limited in some countries like the U.S. and U.K. due to regulations.

In 2019, the global Binance exchange was banned in the U.S. due to regulatory concerns. The exchange opened Binance.US, an exchange that meets U.S. regulations. Residents of Hawaii, New York, Texas, and Vermont are not allowed to use Binance.US as of August 2023.

In Belgium, most recently, the Crypto exchange Binance is accepting new registrations of Belgian users following an interruption caused by regulatory actions against it — source Bitcoin.com.

Binance, the world’s biggest cryptocurrency exchange, is exiting Russia by selling its business in the country to a venue that launched only a day ago…Binance remains the world’s largest crypto exchange, despite falling market share amid regulatory investigations into the exchange and its owner. — by Financial Times.

Binance Markets Limited, a U.K. subsidiary of Binance.com, was banned from offering regulated services to customers in Britain by the Financial Conduct Authority (FCA), the country’s regulatory agency, in June 2021. The agency’s notice prevents the subsidiary from offering trading services in crypto assets and derivatives to customers in Britain.

However, the company’s social media team clarified that the ban did not affect service offerings, such as trading, by Binance.com to users in the U.K.

In Uganda, you could buy Cryptocurrencies like Bitcoin or Ethereum using your MTN or Airtel Mobile money services but they were discontinued due to Cryptocurrency regulations in Uganda as it’s not controlled by the Bank and they are still looking for ways to regulate it.

What is the Binance App used for?

Like other crypto exchanges, The Binance.com website and Mobile App offers services for trading, listing, fundraising, de-listing, NFT marketplace, and withdrawing cryptocurrencies. Cryptocurrency enthusiasts willing to launch their tokens can use Binance to raise funds through initial coin offerings (ICOs).

Binance is used by millions of traders for exchanging and investing in various cryptocurrencies. To start trading, you must first complete the Identity verification with necessary know-your-customer (KYC) requirements. Upon successfully creating a trading account, you can add funds to your public wallet address (provided by Binance) to start trading.

Binance Tutorial - How to Buy Cryptocurrency in Uganda using MTN Mobile Money & Flutterwave Service

What is Binance Trading? (Free Binance Trading Course)

The Binance exchange supports four main types of trade orders: Limit, market, Stop-limit, and one-cancels-the-other (OCO) orders.

Limit orders are executed only at the limit price set by the trader. Market orders are executed immediately at the best available market price. Stop-limit orders become valid orders only when the price reaches a specified level. An OCO order is a pair of orders where the executed order cancels the other.

Type of Binance Trading Methods & Trading terms You should Know

Before we jump into Binance and talk about Forex and Cryptocurrency and all the technical stuff, let’s take a moment to look at some of the Trading terms you need to know, especially if you are a Beginner in forex trading.

Order Book — the list of orders (manual or electronic) that a trading venue (stock exchanges, or securities exchange) uses to record the interest of buyers and sellers in a particular financial instrument.

Market Price — Allows you to buy or sell crypto for the real-time market price.

Market Order — lets you instantly place buy or sell orders for an asset at the best current market price available.

Limit Order — an order that you place on the order book with a specific limit price. It will not be executed immediately like a market order. Instead, the limit order will only be executed if the market price reaches your limit price (or better).

Stop-Limit Order — A stop-limit order has a stop price and a limit price. You can set the minimum amount of profit you’re willing to take or lose on a trade. A limit order will be placed automatically when the trigger price is reached.

OCO (One Cancels the Other) order —Combines a limit and stop-limit order. You place two orders simultaneously, but as soon as one is triggered, the other order is canceled.

Trailing Stop Order — lets you place a pre-set order at a specific percentage away from the market price. It can help you limit the loss and protect gains when a trade does not move in a favorable direction.

Liquidity Pool — a smart contract that contains a reserve of two or more cryptocurrency tokens in a decentralized exchange (DEX). Liquidity pools encourage investors to earn passive income on cryptocurrencies that would otherwise be idle according to Techopedia.

Decentralized Exchange (DEX)— a marketplace for exchanging cryptocurrency between traders. A decentralized exchange is a type of exchange that specializes in peer-to-peer transactions of cryptocurrencies and digital assets.

Forex Trading (FX) — the foreign exchange market is a global decentralized or over-the-counter market for the trading of currencies. Many Banks in Uganda and around the world also offer online forex trading platforms.

HODLer — A person that purchases crypto or digital assets and holds or keeps them without selling. These are mostly long term investors.

The Difference between Cryptocurrency Trading & Stocks Trading

When you buy stocks, you have bought a share in a company, if the company goes bankrupt you may receive compensation once the creditors are paid from the liquidated assets. However, when you buy cryptocurrency and the value of your token or coin drops to zero, there is no compensation whatsoever. This is very important to note as Cryptocurrency trading also varies in Trading hours, Volatility, and Regulations.

Among other apps that you can use to Send, receive, or trade cryptocurrency, is the ChipperCash App which we discussed previously.

ChipperCash App Review — How to Buy Bitcoin, Stocks in Uganda with Mobile Money using Chipper Cash

What is a Binance Card?

Binance Card is a Visa credit card that allows users to convert their cryptocurrency into fiat currency and spend it on products and services instantly. While the conversion does not incur administrative fees, third-party fees, such as payment network fees, apply.

Binance Crypto Loans allow users to borrow for spot, future, and margin trading. Terms of seven, 14, 30, 90, and 180 days are available, with interest calculated based on the period of the loan.

Recently Binance Card in partnership with MasterCard and Visa was discontinued following the regulatory interruptions facing Binance in various regions around the world.

What is Binance Smart Pool & Binance Pay?

Binance Smart Pool enables miners to switch between different cryptocurrencies for mining to optimize and multiply their income, while Binance Pay lets you use cryptocurrency to pay for purchases worldwide with zero fees. You can use it on Binance’s Marketplace and Binance website plus other supported websites and Apps.

What is the Binance Labs Incubation Program? (The venture capital and incubation arm of Binance)

Binance has a blockchain technology incubator called Binance Labs, which aims to empower innovative blockchain projects. The program focuses on nurturing promising pre-ICO stage projects. It helps deserving cryptocurrency project teams by providing necessary funding for development, advisory resources, and a launchpad for any necessary listing and fundraising exercises.

Binance also offers a site called LaunchPad for hosting new and emerging blockchain projects and API interfaces. As of September 2023, over 70 projects have been launched.

Binance Labs remains dedicated to empowering scalable early-stage projects that contribute to the advancement of the industry — Yibo Ling, Chief Business Officer at Binance.

What is the Binance Coin (BNB)?

Binance Coin (BNB) is used to facilitate crypto trading on the Binance exchange. The coin was launched during an initial coin offering in July 2017. Binance offered 20 million BNB tokens to angel investors, 80 million tokens to the founding team, and the remaining 100 million tokens to the various participants through the ICO process.

Almost half the funds raised during the ICO process were intended for Binance branding and marketing, while about one-third were used to build the Binance platform and perform necessary upgrades to the Binance ecosystem.

Binance Coin initially ran on the Ethereum blockchain with the ERC 20 standard. However, in 2019, with the birth of Binance Smart Chain, Binance Coin became the native coin of the BNB Chain.

As of July 2023, BNB is worth around $250. It is the fourth most valuable blockchain-based token by CoinMarketCap, at roughly $39 billion. Binance is used by millions who trust the exchange as a medium for cryptocurrency transactions. However, as with all third parties involved in blockchain and crypto, it is vulnerable to hacking, as seen when hackers stole $570 million BNB in 2022.

Binance Website Review for Beginners

Now that you know the basics of Binance, forex trading and cryptocurrency fundamentals, let’s take a look at how to use Binance app on Desktop or Mobile. We will look at each tab in the website in their order.

Page 1: Binance Crypto (Buy Crypto in a Few, Easy Steps with Fiat Currency)

Binance Wallet Tutorial — How to Create a Binance Chrome Wallet Extension

How to Create a Binance Account Free in 3 Steps

Step 1: Binance Signup is Free and requirements are not many. If you are on your Desktop, Laptop or if you Download the Binance App, You can simply Sign Up for a Free Binance Account using your Google Account or enter your initial information using any email address and a Password of course. You can also use a Phone number and a password to Sign Up on Binance.

Step 2: You will receive a code on your phone for Binance Account Verification before continuing to your Binance dashboard. If you use an email you will receive a code as well to Verify your Binance account.

Next, you now have access to your Binance dashboard.

Step 3: However, if you want to take it a step further and start trading forex on Binance or cryptocurrency on the Spot Trading page, you need Identity verification. Binance Identity verification requirements include an ID (Nationally issued identification card), Driving Permit, or Passport. Plus a Selfie.

Once you have completed Binance Identity verification, you now have full access to the platform. You can participate in P2P (Peer-to-peer) trading, use the Spot trading for cryptocurrency, leverage the Binance NFT platform to trade NFTs on Binance, Learn and Earn crypto tokens, and a lot more.

Now you can create a Binance Wallet and start to buy Bitcoin, Ethereum, and other Top cryptocurrencies.

Binance SignUp Bonus Free (Binance Referral Program)

Get up to $100 in Binance Signup bonus free on your first use, if you deposit cryptocurrency worth $50 you will get a Bonus of $50 in other promotions. And with the Binance referral program, clients get upto 30% when someone signs up with your referral link and make their first deposit.

Page 2: Markets Overview (Top Tokens by Market Capitalization)

If you are looking for a comprehensive snapshot of all cryptocurrencies available on Binance, the Markets tab on the Binance website is where you find it. This page displays the Top movers and the latest prices, 24-hour trading volume, price changes, and market capitalizations for all cryptocurrencies on Binance.

You can also use this section of the Binance website to quickly access key information about various digital assets and access the trade page from here. The data presented is for informational purposes only.

The Markets page is where you find all the cryptos available for trading on Binance including the Spots and Margin market, Features market, Top gainers and coins with the highest trading volume, and new listings.

Some data on this page is provided by CoinMarketCap and is shown on an “as is” basis, without representation or warranty of any kind.

Page 3: Trade ( Buy, Sell, and Trade Cryptocurrencies and altcoins with some of the lowest fees)

Spot Trading for Beginners Dashboard Overview Binance Tutorial

1. Spot Trading (Buy & Sell on the Spot market with Advanced Tools)

Spot trading on Binance basically means crypto trading. Exchanging one crypto for another. It is where you go if you want to trade cryptocurrencies on Binance. After completing the Binance Login verification and the Identity verification, you can create a wallet address that connects to your Spot wallet.

The Binance spot trading interface contains your Asks on the left in red color, bids below the Asks in green, on the top right is the section that contains the supported trading pairs, the middle section shows the real-time candle sticks chart, and the technical indicators of the trading pair you have chosen…(as seen in the Video above).

Then you have the trading section for Spot (exchanging one cryptocurrency for another), along with the Limit price, market price, and advanced tools like stop limit or OCO (One-cancels-the-order).

You can also see your open orders in the bottom section besides order history and trade history. On the page, you will find the Binance Spot Trading Tutorial for your reference.

How to Use Binance Spot Trading in a Few Easy Steps

Step 1: Start by Choosing a specific coin pair and check the last price.

Step 2: Go to View Orders and Funds to view open orders, order history, trade history, and funds.

Step 3: To place your order, navigate to the Spot tab and Try market order for quick buying and selling at the best price. A market order lets you instantly place buy or sell orders for an asset at the best current market price available.

Of course, right in the middle of the screen is where you find the indicators, and If you want you can even Customize your trading interface by selecting your favorite theme, the color of your candle sticks, and your preferred layout.

The same interface is used for Margin Trading. However, some features or trading pairs have been suspended in 2. Margin Trading.

3. P2P (Buy and Sell Bitcoin & TetherUS With Fiat and other Favorite Payment Methods)

Peer-to-peer (P2P) allows you to buy and sell cryptocurrencies from a person or seller registered on Binance. It should be noted that P2P platforms are very many for example Paxful, Coinbase, Bybits, Uniswap, and Local Bitcoins, among others that we are not going to talk about.

Feel free to check out our last post on Cryptocurrency and Blockchain to learn more about these DeFi tools and start making money online doing P2P trades with zero fees and your preferred payment methods from Bank Transfer, Mobile Money, Credit/Debit Card, Cryptocurrency, among others.

How Binance P2P Works in 3 Steps (How to Buy or Sell Crypto using P2P on Bianance)

Step 1: Place your Order/Place an Order — Browse through the various P2P sellers, look for the best price and contact the seller to place your order. Once you place a P2P order, the crypto asset will be escrowed by Binance P2P. or simply place your order to Sell.

Step 2: Pay the Seller/Confirm Payment — Send money to the seller via the suggested payment methods. Complete the fiat transaction and click “Transferred, notify seller” on Binance P2P. If you are a seller, confirm you have received your payment.

Step 3: Receive your Crypto /Release Crypto— Once the seller confirms receipt of money, the escrowed crypto will be released to you. |As a Seller, once you confirm the receipt of money, release crypto to the buyer on Binance P2P. The whole process takes less than 5 minutes. It might take longer depending on the payment method that you choose.

Among other platforms that you can use for P2P is Coinbase.

How to Create a New Wallet Address on Coinbase

Benefits/Advantages of Using P2P on Binance

Global Marketplace — Whereas many other P2P platforms target specific markets, Binance P2P provides a truly global trading experience.

Local Marketplace — Binance P2P provides a truly global trading experience with support for more than 70 local currencies.

Variety of Payment Methods — Trusted by millions of users worldwide, Binance P2P provides a safe platform to conduct crypto trades in 800+ payment methods and 100+ fiat currencies.

4. Convert (Convert BNB (BNB) and other Assets to other currencies)

If you want to convert your Fiat money to Cryptocurrency, this is where you go. First, you have to deposit your money and fund your Binance Wallet, Spot wallet or the Funding wallet. Now visit the Convert tab on the Binance website on Desktop or mobile app to choose the amount you want to convert. For this trade, you have the option to switch between the Spot and Funding wallet.

On this page, you will also find your balance and the convert price plus a dropdown to choose your pair. Enjoy zero fees on trades.

5. Trading Bots (Auto Invest and Accumulate Crypto on Autopilot)

Binance Trading Bots are automated software that helps you buy and sell cryptocurrencies at the correct time at your desired price. Deploy Binance automation tools by setting up your algorithmic bot and automate your orders to trade crypto like a pro.

Trading bots help you Identify, replicate, and customize the most profitable trading strategies on the Spot and Futures Grid. As this is already getting too long, let’s look at How to create a Binance Trading bot in another post.

Below are some of the Trading Bot strategies in Binance.

Spot Grid — Buy low and sell high 24/7 automatically with just one click.
Features Grid — Amplify your purchasing power with an advanced version of Grid trading.
Rebalancing Bot — A long-term position strategy supporting an investment portfolio.
Spot DCA — Auto place buy and sell orders for better average price and close your position favorably.
Auto-Invest — Use Binance auto-invest to accumulate crypto over time.
Futures TWAP — Slice large orders into smaller ones to get a better execution price. Available on API trading.
Spot TWAP — Slice large orders into smaller ones to get a better execution price. Available on API trading only.
Feature VP — Split large orders across a specific market volume ration. Available on API trading only.

6. Block Trading (Buy & Sell Sizable amount of Cryptocurrency)

Block trades are a convenient way of buying or selling a sizable amount of cryptocurrency. Block trades are large trades made between two parties. Binance P2P is a secure platform that lets you quickly buy or sell large amounts of Bitcoin and other cryptocurrencies with verified block merchants.

7. APIs (Unlimited Opportunities with One Key)

Binance API offers access to API trading on spot, margin, futures, and options for over 300 digital and fiat currencies. API Commerce provides a testing environment, API documentation, and sample Code in 6 languages. Suitable for HFT, Social Traders, and Strategic Traders. Check out the Binance API Documentation for more information.

Page 4: Futures (Start Trading Crypto Futures)

Binance futures tracks the price movements of the world’s largest digital assets, Bitcoin among others. It allows investors to gain exposure to Bitcoin and altcoins without having to hold the underlying cryptocurrency or digital asset. Like traditional futures contracts, Bitcoin futures are legal contracts to buy or sell Bitcoin at a future date.

Besides trading forex and cryptocurrency, you can also trade other digital currencies like NFT (Non-Fungible Tokens) on Binance NFT marketplace. Learn more about Binance NFT.

Best NFT Marketplaces to Buy, Sell, and Trade NFTs (What is NFT vs. NFT Marketplace?)

Page 5: Binance Earn (Search popular coins and start earning while learning).

Want to earn interest on your deposited crypto? Or want to learn and earn? This is the place for you. The Earn Page has everything you need to start investing without manually or technically using the Binance App. With features like Auto-invest, you can set and forget and watch your crypto grow over time. Binance Earn is a one-stop hub on Binance for you to see all the earning possibilities open for you based on the cryptocurrency you hold.

1. Simple Earn (What is Binance Savings for HODLrs?)

Binance Savings — Start earning from your deposited cryptocurrency via your Binance Savings wallet. To start earning with this feature, you have to first transfer your crypto into the Savings wallet and choose a savings plan that suits your budget. You can Redeem your savings anytime back to your Spot wallet. Choose between flexible or locked earnings.

BNB Vault — BNB is the native currency that powers the Binance ecosystem. The BNB vault is what allows you to earn interest on your BNB hodling. From the earn page go to Simple Earn and choose BNB vault to enter your stake amount. Enjoy Airdrops, Launchpad eligibility, and more benefits.

Auto-Invest — Auto-Invest allows you to automate crypto investments and grow your crypto holdings. You can choose the cryptocurrencies you want to purchase on a regular basis. Discover New Portfolios & Features

2. Staking (ETH 2.0 Staking, DeFi Staking, and more)

Choose from flexible and locked plans in Binance ETH 2.0 Staking, Defi Staking — Dedicated to increasing user staking income, and DOT Slot Auction on DOT parachain. Choose between flexible or locked earnings.

Ethereum 2.0 Staking — Ethereum in 2021 moved from Proof of Work to Proof of Stake in hopes of increasing efficiency and network speed, Binance ETH 2.0 staking allows you to earn interest on your Ethereum holding for a specific period by becoming a validator on ETH 2.0 network.

Binance Defi Staking — Defi (Decentralised Finance) allows you to access Financial services through Smart contracts or Defi Apps via the Blockchain. You can use the existing DeFi projects to gain annualized earnings for specific currencies.

DOT Slot Auction — The safest and easiest way to earn rewards while supporting your favorite DOT projects. DOT Slot Auction is a parachain auction. It uses a candle auction mechanism to randomize the exact moment the winner of an auction is determined.

3. Farming (Liquidity Farming, Swap Farming, and Launch Pool)

What is Liquidity Farming? — Liquidity farming, also known as yield farming, is a way to earn rewards by providing liquidity to decentralized exchanges (DEXs). DEXs are peer-to-peer exchanges that allow users to trade cryptocurrencies without the need for a central intermediary. Liquidity is essential for DEXs to function properly, as it enables users to trade assets quickly and easily.

Swap Farming — Swapping is exchanging one token for another. Swap farming is a new way to exchange crypto coins and receive rewards by providing liquidity to the market. Swap Farming from Binance is a feature that allows you to instantly “swap” tokens. You can receive extra BNB rewards when you swap specific token pairs on Binance Swap Farming.

Launch Pool —Binance Launchpool allows users to acquire new token rewards by staking BNB, BUSD, and other tokens on the platform. Participate in new projects and see the project rewards in estimated annual percentage yield (APY).

Note: Adding liquidity into a liquid pool and becoming a liquidity provider is not risk-free. When the market price of tokens fluctuates greatly, the staking income may be lower than the income of ordinary holding of the tokens, and losses may even occur.

4. Dual Investment

Monetize your market view and gain access to potentially high rewards. Dual investment is a financial product that allows investors to potentially earn profits by speculating on the future price of two different assets. It is typically offered by cryptocurrency exchanges.

Page 6: Learn (Binance Feed, Academy-Learn & Earn, Research & News-Blog)

Feed — Stay Informed about everything about cryptocurrencies by following top creators in the Binance community. Share tips and tricks, get the latest Binance news, new tokens, NFTs, and more.

Academy (Learn & Earn) Earn free crypto through learning — Build your blockchain knowledge, complete quizzes, and earn free crypto. Some countries are not supported though, that’s why you must first log in to check if you are eligible for this activity. Enjoy detailed articles and Free Binance courses available in Uganda or anywhere Binance is accessible.

Binance Blog — Expand your knowledge and get the latest insights from the Binance Blog. Get first-hand updates on all Binance products and services in one place.

Research — Enjoy Institutional-grade analysis, deep insights, and more from Binance Research. Binance Research provides unbiased information to all participants in the digital asset industry.

Page 7: More (Other Binance Products and Services)

Binance NFT — Explore NFTs from creators around the world.

Launchpad — Token launch platform.

Mining Pool — Mine more rewards by connecting to the pool.

Pay — Send, receive, and spend cryptocurrency.

Loans — Get an instant loan secured by crypto assets.

Web3 Wallet — Meet the next-generation web3 wallet.

BNB Chain — The most popular blockchain to build your dApp.

VIP & Institutional — Your trusted digital assets platform for VIPs and institutions.

Charity — Blockchain empowers charities to be more transparent, and more traceable.

10 Best Alternatives to Binance

Before we close this article, given the US sanctions, and the regulatory interruptions affecting Binance and in various areas and regions around the world, I think it’s right we look at a few options or alternatives to Binance. In case your country is affected and you can’t access Binance to send, receive, or trade crypto.

Coinbase — The most trusted and widely used platform
NiceHash— a global cryptocurrency hash power broker and cryptocurrency exchange with an open marketplace conecting sellers & buyers.
Paxful — Join over 12 million people just like you on everyone’s favorite peer-to-peer platform to buy and sell Bitcoin.
Uphold Wallet — Simple web and app trading. Buy and sell any major digital currency.
Chipper Cash App — Great app to send and receive money across a number of countries. Your free Chipper account unlocks international transfers, payment cards and crypto investing for Africans.
Yellow Card Wallet App — a financial services company that offers a crypto exchange, easy cross-border payments powered by crypto, and an API. Buy and Sell BTC, ETH, USDT & More in Africa.
Nexo Wallet — Buy & Earn interest on BTC, USDT and other Digital Assets. Grow your crypto wealth and keep it secure with Nexo Wallet.
eToro —Invest in Stocks or Purchase 120+ cryptos on a regulated platform.
CEX.IO— Your all-in-one crypto platform to buy, sell, trade, hold, and earn cryptocurrencies. Download the CEX.IO bitcoin and crypto trading & exchange mobile app.
Kraken— Grow your portfolio in a more fair and open financial system. Start trading crypto with just $10.

Lastly let’s look at Binance Security Features. For example, in your Settings, if you Enable Passkeys, No need to remember you password because you can use things like your fingerprint or face to log in. Passkeys will automatically be available across your synced devices. Passkeys offer state-of-the-art phisihing resistance. What a better way to end this post than to talk about how to Keep your account safe.

Conclusion (What to Take away)

To recap, we have seen the various benefits of using Binance as a cryptocurrency exchange, we took a deep dive into the Binance website and looked at The Markets page, where you find all the cryptos available for trading on Binance including the Spots and Margin market, Features market, Top gainers and coins with the highest trading volume, and new listings.

You got a Free Trading Course on Binance Spot trading platform. We looked at how to convert your crypto and other tokens, Advantages of P2P trading on Binance, Trading Bot strategies you can use to automate your crypto investing, and other websites and Binance alternatives to send, receive, and earn cryptocurrency like Chipper Cash App among others.

Lastly, you should now know the basics on ETH 2.0 Staking on Binance and Swap farming as well as Liquidity farming — a means for investors like you to earn passive income on your crypto holdings in your Binance wallet.

Whether you’re a beginner in forex trading and cryptocurrency, an advanced trader or simply a HODLer who wants to earn some extra rewards, Binance is for you.