Best And Most Popular Exchanges Binance Trading Guide

📑 The A-to-Z Guide: Trading and Investment on Binance

If your question is about How to trade on Binance? then you have clicked on absolutely the right guide. In this article, I am going to teach you step-by-step how to actually use the Binance Exchange, what are the features that Binance offers you, through which you can easily do trading and investment here.

Apart from this, Binance offers many other features, all of which I will tell you about step-by-step from the beginning: how to create an account, how to deposit, how to take a trade, how to do Futures Trading, and if you earn money on Binance, how to bring it back to your bank account. You will get everything A-to-Z in this guide, so you have read a very interesting article. Be sure to read it till the end.

👑 Binance Overview: The Crypto King

First of all, let me tell you a little about Binance. You probably already know what Binance is; Binance is one of the best and most popular exchanges in the Crypto World, with the most users all over the globe. Apart from this, Binance also has the highest trading volume, and you can consider it the safest and most secure platform.

Why use Binance? Because Binance offers you the best features on a single platform, through which you can earn in multiple ways.

Tip: If you don’t have a Binance account, the link is pinned in the description and comment box, go and create your account. If you create your account using my link, you will get a 20% discount on fees. Also, I am a Binance affiliate, so there is a special offer on my link: if you create an account using my link, complete your KYC, and make your first deposit, you will also get a reward of $10 to $15, which you can trade, invest, or withdraw. So, the link is in the description, create your account.

📱 Getting Started: KYC and Binance Pro

I will take you directly to the mobile screen and show you how to use Binance correctly.

• KYC is Must: On the screen, you are seeing the Binance home page, here ensure that your KYC is complete. . You cannot trade on Binance without KYC, and KYC is also important for your safety and security, that’s why complete the KYC.
• Switch to Pro: After completing KYC, when you download the Binance app from the App Store or Play Store, you will see an interface like this, but this is not the main Binance interface, it is the Lite version. You must switch it to the Pro version, because the features you get here are very limited. To switch to the Pro version, we will click on the top left corner, at the bottom we will find the Binance Pro option, we will click on it, and our Binance Pro version will open, and this is our main Binance home page, where we see all the features and functions.

📊 The Homepage and Market Overview

• Wallet Balance: First of all, at the top, you will see whatever balance you have in your wallet. As you can see, I currently have $100 in this account. You can see the total balance here, and you can hide it if you want.
• Key Features: After this, some important features of Binance are seen here, you can also customize them, because you get a lot of features on Binance. If we click on this ‘More’ option, you can see that Binance offers multiple features through which you can do both earning and learning here. Not all of them are useful for you, I will tell you which ones are.
• Market Data: After this, below you get an overview of the markets, you get all the data on what the price is of the tokens and cryptos being traded in the market.
  • Favorites: Our favorite coins that we have added here.
  • Hot: Those tokens that have a high trading volume and are being talked about more.
  • Gainers: Those tokens that have increased the most in the last 24 hours.
  • Losers: Those tokens that have lost the most price in the last 24 hours.
  • New Tokens: All those tokens that are newly listed on Binance.

💵 Depositing Funds (The First Step)

The very first step to starting trading or investment is to deposit money here first. You get the ‘Add Funds’ option here, you have to click on it.

Here you get three-four options:

• Buy with INR (P2P): You can buy USDT, Bitcoin, or Ethereum, any cryptocurrency, by paying Indian Rupees (INR) through P2P trading.
  • P2P ka Matlab: P2P means Peer-to-Peer. You can directly buy crypto from a buyer or seller by making a payment to their bank account. Binance appoints a verified seller here. You make the payment to them, and in return, they release the USDT.
• Receive via Pay: If someone you know uses Binance, you can tell them your Binance ID, mobile number, or email ID. They can directly send money to your Binance account.
• Deposit Crypto: You also have the option to deposit crypto. You can get Bitcoin sent to your network address directly from another exchange or from a friend.
• P2P Payment Settings Zaroori: Before depositing, you need to do some settings. Click on the Top left corner. At the top, you will find the ‘Settings’ option. Click on it. Below, you will find the ‘Payment Methods’ option. And here, you need to go to ‘P2P Payment Methods’ and add your banking details. Your bank account or UPI ID name must be the same as your Binance account name. You cannot add a bank account in someone else’s name.

🔄 Spot Trading: Buying and Investing

Now that you have $100, you have to start your trading and investment journey. First, let’s talk about investment, because as a beginner, your preference should be to first learn how to buy Bitcoin, Ethereum, or whatever coins are in the market and hold them.

• Click on the ‘Trade’ Tab.
• Go to the ‘Spot’ option. Spot means that trading happens ‘on the spot’. When you buy in spot, those coins are fully delivered to your wallet.
• Coin Select Karein: Here, click on a pair like BTC/USDT and select the coin you want to buy (like SOL/USDT).

Buying Ke Do Tareeke (The Two Order Types):

• Market Order: In this, buying happens at whatever price is running in the market. If you click on ‘Buy SOL’ right now, the buying will happen at the current market rate. This is instant.
• Limit Order: In this, you set your target price. For example, if the price is currently $240, and you want the buying to happen at $235, then you select Limit Order and enter the price 235. When the price reaches there, only then will your order execute.

⚡ Futures Trading: Leverage aur Risk

One more thing that is popular on Binance and is used by most traders is Futures Trading.

• Leverage: In this, you get leverage (like 10x or 100x). If you put in $1000, you can take a position of $10,000. This multiplies your profit or loss.
• Long aur Short: In Futures Trading, you can do both Long (market goes up) and Short (market goes down).
• Suggestion: Futures Trading is a bit difficult, and I recommend that you don’t jump into so many complications at the beginning; first, understand the platform, and then do Futures Trading. You will find all those Binance guides on my platform.

💰 Asset Management aur Earning Features

In the ‘Assets’ option, you get three wallets:

Wallet	Kaam (Purpose)
Spot Wallet	For long-term investment.
Funding Wallet	For P2P deposits and withdrawals.
Futures Wallet	For Futures Trading.

You can easily ‘Transfer’ funds between these wallets.

• Earn: In the ‘More’ option, you get the ‘Earn’ option. Here you can Stake your crypto. Staking means like a fixed deposit in a bank. You lock your coins and earn a yield (like 4.42% APY) on it.
• BNB Benefits: If you buy and hold BNB (Binance’s token), many Airdrops come on Binance, which you also get for free.

🛑 Safe Withdrawal: Paisa Bank Tak Laana

When you have earned money from trading, how do you bring USDT back to your bank account?

• P2P Withdrawal (The Risky Way): You can go to ‘More’ -> ‘Finance’ -> ‘Send Cash’ and sell your USDT to a merchant, and they send INR to your bank account.
  • Important Warning: I do not recommend this to you. In the last 6 months, many such cases have happened where P2P merchants’ ‘suspicious amounts’ have caused people’s bank accounts to be frozen.
• The Safe Ways:
  • In-person contact: Trade with your crypto-trading friends or people around you.
  • Indian Exchanges: Transfer your USDT to Indian-registered exchanges and sell it there. This keeps your main bank account safe.

If you want the complete safe withdrawal process, then let me know in the comments.

I hope now you have got a basic overview of Binance, what the use of which feature is, how we can deposit here, how we have to trade, how we have to use other features, you must have understood deposit and withdrawal everything. If you have some confusion, you can ask in the comment section. The rest, when you try what I have told you, I am sure it will feel easy to you, because it is too easy; it seems tough from a distance, but when you sit down to do it, it is easy.