To trade on Binance, you first set up an account by registering with your email or phone and completing the mandatory Identity Verification (KYC). Once verified, you fund your account by depositing fiat currency (via bank transfer or card), using P2P trading to buy from other users, or transferring existing crypto from another wallet.
The actual trading happens in two primary ways:
• Binance Convert: The simplest method for beginners to instantly swap one crypto for another with a fixed price quote and no complex charts.
• Spot Trading: For more control, you use the Spot market to place Market Orders (instant buy/sell at current price) or Limit Orders (setting a specific price at which you want the trade to execute).
Always remember to use 2-Factor Authentication (2FA) to secure your funds and start with small amounts as you learn the platform's interface