walletbasics

ELI5: Understanding Your Binance Wallets: Spot vs. Funding
When you log into Binance, you might see different wallets like "Spot" and "Funding." What's the difference? 🤔
Spot Wallet: This is your primary trading wallet. Think of it as your active checking account for crypto. When you buy or sell crypto on the "Spot" market, the funds go in and out of this wallet. If you want to trade, your crypto needs to be here.
Funding Wallet: This is more like a general holding or spending account. Funds here can be used for Binance Pay, sending crypto to friends, or participating in specific activities like Simple Earn without needing to move them to Spot first.
You can easily transfer funds between your Spot and Funding wallets instantly and for free within Binance. It's designed to help you manage your assets for different purposes on the platform. (Source: Binance Wallet Interface)
#BinanceGuide #WalletBasics #CryptoBasics

👜 Crypto Wallets — Types & Use

There are 2 main types:
🔒 Hot Wallet – Online (e.g., Trust Wallet, MetaMask)
🧊 Cold Wallet – Offline (e.g., Ledger, Trezor)

✅ Wallets store your private keys
❗ NEVER share your seed phrase!

What wallet do YOU use?

#CryptoSecurity #WalletBasics #Write2Earn #BinanceSquare

#WalletBasics $BNB your business distribution is very important