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Zama is an open-source cryptography project building a Confidential Blockchain Protocol powered by Fully Homomorphic Encryption (FHE).The protocol allows smart contracts to compute on encrypted data without decrypting it, enabling privacy-preserving applications on public blockchains.Zama's technology works as a cross-chain solution, allowing developers to build confidential applications on top of any Layer 1 or Layer 2 blockchain (like Ethereum or Solana).The ZAMA token is the native utility asset used for gas fees, governance, and incentivizing the network of validators and provers.
Introduction
Public blockchains like Ethereum and Bitcoin are transparent by design. While this transparency ensures trust and verifiability, it also means that all data is visible to everyone. This lack of privacy limits the types of applications that can be built, especially for industries like finance, healthcare, and enterprise.
Zama addresses this challenge by introducing Fully Homomorphic Encryption (FHE) to the blockchain. This cryptographic technique allows data to remain encrypted even while it is being processed. By building a protocol that enables confidential smart contracts, Zama aims to bring true privacy to the decentralized web without sacrificing the benefits of public verifiability.
What Is Zama?
Zama is an open-source cryptography company and protocol focused on making FHE accessible to developers. Its flagship product is the Zama Confidential Blockchain Protocol, which enables privacy-preserving smart contracts.
The core idea is simple but powerful: instead of revealing sensitive data to a blockchain (or a centralized server) to process it, users encrypt their data locally. The blockchain then processes this encrypted data and produces an encrypted result, which only the user can decrypt. This ensures end-to-end confidentiality for on-chain applications.
How Does Zama Work?
Zama's architecture leverages FHE to solve the "privacy vs. transparency" dilemma.
1. Fully Homomorphic Encryption (FHE)
FHE allows computations to be performed directly on encrypted data. In a typical blockchain transaction, data must be public to be processed (e.g., checking if a user has enough funds). With Zama's FHE, the smart contract can check the funds and other things while the data remains encrypted. The network validates the transaction without ever seeing the actual balance or amount.
2. Confidential smart contracts (fhEVM)
Zama has developed the fhEVM (Fully Homomorphic Ethereum Virtual Machine). This allows developers to write confidential smart contracts using standard Solidity, the same programming language used on Ethereum. Developers can specify which parts of the contract should be public and which should be private (encrypted), making it easy to integrate privacy into existing DApps.
3. Cross-chain compatibility
Zama is designed to be a "layer" that sits on top of other blockchains. It works with Ethereum, Layer 2 networks, and others. This means a developer doesn't have to leave their favorite blockchain to get privacy; they can just use Zama's technology on top of it.
Potential Use Cases
Zama's technology opens up new possibilities for blockchain applications that require data protection.
Confidential DeFi: Users can trade, lend, and borrow without revealing their positions or strategies to the public, preventing front-running and copy-trading.On-chain identity: You can prove you are over 18 or a citizen of a certain country without uploading a photo of your ID card.Encrypted voting (DAOs): Governance proposals can use secret ballots where votes are counted correctly, but individual choices remain private, preventing coercion and bribery.Gaming: On-chain games can use Zama’s technology to hide certain information (e.g., "fog of war" mechanics or hidden card hands).
The ZAMA Token
The ZAMA token is the native utility asset of the Zama ecosystem. It plays a central role in securing and operating the network.
Gas fees: Users pay ZAMA tokens to execute confidential transactions and smart contracts.Governance: Token holders can vote on protocol upgrades and parameter changes.Incentives: Network operators who perform the computationally intensive FHE tasks (proving and verifying) can get rewarded in ZAMA tokens.
Zama (ZAMA) on Binance
Binance listed the Zama (ZAMA) token for trade on February 3, 2026 with the Seed Tag applied. Trading pairs available at launch included ZAMA/USDT and ZAMA/USDC. The announcement also included a spot trading campaign from February 3 to February 17. Eligible users will have a chance to share a total prize pool of 45,000,000 ZAMA in token vouchers.
Closing Thoughts
Privacy is one of the final frontiers for blockchain adoption. For institutions and regular users to fully embrace Web3, they need the ability to keep certain data private. Zama’s use of Fully Homomorphic Encryption offers a promising solution to data privacy. By allowing blockchains to compute on data without seeing it, Zama is laying the groundwork for a more secure, private, and usable decentralized internet.
Further Reading
What Is Fully Homomorphic Encryption (FHE)?What Is ZKsync and How Does It Work?What Is zkPass (ZKP)?
Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Products mentioned in this article may not be available in your region. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
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Disclaimer: This content is for general information and educational purposes only. Products mentioned in this article may not be available in your region.
Key Takeaways
Binance Futures now offers Tesla trading under TSLAUSDT, expanding beyond cryptocurrencies to include popular stocks.Benefits include 24/7 trading and the ability to trade fractional shares.Leverage up to 5x is available but requires careful risk management.
Introduction
Trading stocks like Tesla used to mean dealing with rigid market hours and complex brokerage accounts. Binance Futures breaks down these barriers by offering the TSLAUSDT contract. This allows you to trade the price movements of one of the world's most popular companies with the speed and flexibility of the crypto ecosystem.
What Are Tesla Futures on Binance?
On Binance, Tesla is traded as a USDT-margined perpetual contract. This means that while the price tracks the real value of Tesla Inc. (TSLA) shares listed on the Nasdaq exchange, the settlement is conducted in the stablecoin USDT.
The ticker for Tesla Futures on Binance Futures is TSLAUSDT. Unlike buying a share on a traditional brokerage, these contracts are cash-settled derivatives. This means you do not receive voting rights or dividends, but you can still try to profit from both upward and downward price movements.
The concept is simple: If you think the price of Tesla will go up, you buy (Long). If you think the price will go down, you sell (Short). All profits and losses are denominated in USDT.
Benefits of Trading Tesla on a Crypto Exchange
The digitization of equity trading offers several improvements over the "old way" of trading stocks.
1. 24/7 market access
Traditional stock markets, like the Nasdaq, operate during limited business hours and close on weekends. If breaking news about Tesla emerges on a Saturday, traditional shareholders are stuck until the market opens on Monday. On Binance Futures, the TSLAUSDT contract trades 24 hours a day, 7 days a week. This allows you to react to market-moving news instantly, regardless of the time or day.
2. Lower barriers to entry
In traditional markets, buying full shares of high-value stocks can be expensive for retail traders. Binance Futures allows for fractional trading. The minimum trade size for the Tesla contract is set at just 0.01 TSLA, making it accessible to traders with smaller amounts of capital.
3. Leverage
Futures contracts allow traders to gain exposure to larger positions with a smaller amount of upfront capital (margin). As of February 2026, Binance Futures offers leverage of up to five times (5x) for the TSLAUSDT contract. This means a trader could potentially operate $500 worth of Tesla contracts with roughly $100 of margin.
Understanding Funding Rates
Since these perpetual contracts never expire, the system needs a way to make sure the contract price stays close to the real price of Tesla stock. That’s where Funding Rates come in.
The funding payment: This is a payment exchanged between traders (buyers and sellers) every four hours. Note that this is not a fee paid to the exchange.The opportunity: If the funding rate is positive, longs pay shorts. If negative, shorts pay longs. Funding rates for this contract are generally capped at plus or minus 2% proactiveinvestors.com. In certain market trends, holding a position may result in the trader earning passive income from these funding fees.
Risk Management
Trading these assets is easier than ever, but that means you can lose money faster than ever, too.
Leverage risk: Remember that leverage is a multiplier. While 5x leverage is lower than some crypto contracts, it still presents significant risk. Example: If you use 5x leverage, and the price of Tesla drops by 20%, you can lose 100% of your margin. This is called forced liquidation.
Market volatility: Tech stocks like Tesla can be highly volatile. Combined with the nature of crypto-derivative markets, prices can fluctuate rapidly.
How to stay safe
To stay safe, traders often employ risk management strategies, including:
Placing strategic stop-loss orders to limit potential losses.Managing position size to ensure account longevity.Avoiding excessive leverage, especially during volatile periods.
How to Trade Tesla (TSLA) on Binance Futures
1. Log in to your Binance account, navigate to the [Futures] tab, then go to [USD(S)-M Futures].
Note: this product may not be available in certain regions.

2. Next, open the drop-down menu and search for TSLAUSDT.

You can also find this and other contracts under the [TradFi] category.

3. At the bottom right, you can check your Futures account balance. If your balance is zero, you can use the [Transfer], [Buy Crypto], or [Swap] features to add funds.

If this is your first time using Binance Futures, you will be required to open a Futures Account.

You may also be required to complete a Futures Quiz before getting started.

4. When you are ready, you can use the order panel to buy or sell futures contracts. The minimum trade size is 0.01 TSLA.

5. If you click or tap [Cross] at the top right, you can switch between Cross Mode and Isolated Mode.
The Cross Margin Mode will consider all the assets in your futures account and all futures positions when calculating your margin and liquidation levels. This means that your open positions can affect each other.
The Isolated Margin Mode allows you to manage your risk on individual positions by restricting them to a specific asset. This means that your isolated Tesla position won’t be affected by fluctuations in your other positions.
For more information, check out the following article: What Are Isolated Margin and Cross Margin in Crypto Trading?.
6. At the bottom of your screen, you can check your Positions, Open Orders, Order History, and much more.
Closing Thoughts
The launch of the TSLAUSDT pair on Binance Futures is helping bridge the gap between traditional equity markets and the crypto space. Without some of the barriers common to more traditional trading methods, Binance Futures offers a convenient way to get exposure to Tesla. But remember never to risk more than you can afford to lose. Make sure to manage risks and understand how the product works before getting started.
Further Reading
How to Trade Gold and Silver on Binance Futures What Are Funding Rates in Crypto Markets?What Are Isolated Margin and Cross Margin in Crypto Trading? 
Disclaimer: This content is presented to you on an “as is” basis for general information and or educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the content is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. For more information, see our Terms of Use, Risk Warning and Binance Academy Terms.
$BTC
#TSLA

Your Guide to Binance Copy Trading
Binance Copy Trading allows users to automatically replicate the trades of experienced traders, providing an easy way for beginners to participate in the cryptocurrency market.It also offers flexibility and control, allowing users to adjust their copy trading settings and manage risk with tools like maximum loss limits.Binance Copy Trading is available for Spot and Futures markets, and can be useful for novice traders who wish to learn from seasoned traders or for those who prefer a more hands-off approach to trading.
Introduction
Cryptocurrency trading can be complex and time-consuming, requiring knowledge and constant monitoring of the market. For those who may not have the time or expertise to trade actively but still want to participate in the markets, copy trading is a viable solution. In this article, we will explain what Binance Copy Trading is, how it works, and provide a step-by-step tutorial to help you get started.
What Is Binance Copy Trading?
Binance offers a Copy Trading feature that allows users to automatically copy the trades of more experienced traders, making it easier for beginners to participate in the market. By using this feature, users can automatically execute the same trades as their chosen Lead Trader, without needing to constantly monitor the market. 
As of May 2024, Binance Copy Trading is available for Spot and Futures markets in selected locations. These products can be particularly useful for novice traders who wish to learn from seasoned traders or for those who prefer a more hands-off approach to trading.
How Binance Copy Trading Works
1. Selection of traders
The first step in using Binance Copy Trading is to select a Lead Trader to copy. Binance provides a list of Lead Traders, each with a detailed profile that includes their trading performance, strategies, risk levels, and historical data. This information helps users make a more informed decision when choosing a trader to follow.
2. Automatic execution
Once a user has selected a Lead Trader to copy, all of the trader's future trades are automatically mirrored in the user's account. This includes opening and closing positions, as well as adjusting stop-loss and take-profit levels. The automation ensures that users can benefit from the trader's expertise without having to manually execute each trade themselves.
3. Control and flexibility
While Binance Copy Trading automates the trading process, users still retain control over their accounts. They can adjust their copy trading settings, such as the amount of capital they wish to allocate or the ability to stop copying a trader at any time. This flexibility allows users to manage their risk and investment according to their preferences.
Risk Management
Binance provides various risk management tools to help users protect their investments. These tools include the ability to set maximum loss limits and allocate only a portion of the total capital to copy trading. By using these tools, users can minimize their risk exposure and protect their funds from significant losses.
However, it’s important to remember that all types of trading involve risks. If the strategy you follow is unsuccessful, you may experience losses. Do careful research and only risk funds you can afford to lose.
Benefits of Binance Copy Trading
1. Access to experienced traders
By copying experienced traders, users gain access to the knowledge and strategies of seasoned professionals. This can help them learn about trading techniques and market analysis, potentially improving their own trading skills over time.
2. Time-saving
Copy trading eliminates the need for constant market monitoring and manual trade execution. This can be particularly beneficial for users who have other commitments and cannot dedicate significant time to trading.
3. Diversification
Users can diversify their investments by copying multiple traders with different strategies and risk profiles. This can help spread risk and increase the chances of achieving consistent returns in the long term.
Getting Started With Binance Copy Trading
Step 1: Create a Binance account
If you do not already have a Binance account, you will need to create one. Visit the Binance website and click on the "Sign Up" button. Follow the instructions to complete the registration and verification process, which includes verifying your email address and identity.
Step 2: Deposit funds
Once your account is set up, you will need to deposit funds into your Binance account. Navigate to the "Wallet" section and select "Deposit." Choose the cryptocurrency you wish to deposit and follow the instructions to transfer funds from your external wallet to your Binance account.
Step 3: Access the Binance Copy Trading platform
After depositing funds, navigate to the [Trade] menu at the top, and click on the [Copy Trading] option to access the platform.

Step 4: Browse and select a Lead Trader
On the Copy Trading platform, you will find a list of available traders to copy. Each trader's profile will include important information such as their trading performance, strategies, risk levels, and historical data. Take your time to review this information and select a trader that aligns with your investment goals and risk tolerance.

Step 5: Allocate funds to copy trading
Once you have selected a trader, you will need to allocate funds to copy their trades. Note that your Binance Copy Trading account balance is separate from your regular Binance account.
Click [Copy] to select the method and specify the amount of capital you wish to allocate.

Binance Copy Trading offers two methods: Fixed Amount and Fixed Ratio. 
The Fixed Amount will set a fixed cost per order until the total copy amount runs out. It allows you to control the amount invested. You can also define the Total Stop Loss to protect a percentage of your funds in case of losses.
The Fixed Ratio will open orders in proportion to the lead trader’s position size and your available balance. 
For example, if your Lead Trader has a portfolio of $10,000 and places an order worth $1,000 (10%), your order will be opened using the same 10% ratio. If you invested $1,000, your order will be worth $100 (10%).

Under [Advanced Settings], you can set additional parameters, such as margin mode, leverage, and position risk.

Step 6: Monitor and adjust
While copy trading automates the trading process, it is still important to monitor your account regularly. Keep an eye on the performance of the copied trades and the overall market conditions. If necessary, adjust your copy trading settings or stop copying a trader if their performance does not meet your expectations.
Closing Thoughts
Binance Copy Trading is a valuable tool for those who want to participate in the cryptocurrency market without the need for extensive knowledge or constant monitoring. By allowing users to replicate the trades of experienced traders, it provides an opportunity to benefit from professional expertise while saving time and effort.
Remember to conduct thorough research, use risk management tools, and stay informed about market conditions to make the most of Binance Copy Trading.
Further Reading
Crypto Copy Trading: A Game-Changer for TradersYour Guide to Binance Spot TradingThe Psychology of Market Cycles7 Common Mistakes in Technical Analysis (TA)
Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer here for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
$BTC
#BTC

The Binance Trading Bots offer users various tools and strategies to automate and optimize their trading.
Bots can make trading easier, but they also involve risk. Make sure you understand the products well before using them. It's important to track your performance and make periodic adjustments.This guide provides an overview of the most popular Binance Trading Bots, such as Spot Grid, Futures Grid, Arbitrage, Rebalancing, Spot DCA, and Auto-Invest. It also includes some tips on how to maximize performance and reduce risks.
Introduction
Cryptocurrency trading can be a complex and time-consuming process, often requiring constant monitoring of market trends and swift decision-making. In light of that, the Binance Trading Bots offer users a variety of tools to automate and optimize their trading strategies. This article provides an overview of the most popular Binance Trading Bot products.
What Are Binance Trading Bots?
You can think of the Binance Trading Bots as programs that automate trading on the Binance exchange. These bots can execute trades on behalf of users based on predefined criteria and strategies. The main advantage of using a trading bot is that it can operate 24/7, removing the need for constant manual monitoring and intervention.
Advantages of Binance Trading Bots
With Binance Trading Bots, users can:
Automate trading strategies.Execute trades quickly and efficiently.Take advantage of market opportunities 24/7.Reduce emotional decision-making.
How to Access Binance Trading Bots
1. Log in to your Binance account, navigate to the [Trade] menu, and go to [Trading Bots].

2. Read the Terms carefully and, if you agree, check the box and [Confirm] to continue.

3. Next, you should see the Trading Bots landing page. If you click [Trade Now], you will be redirected to the trading page.

4. At the top, you can find the different types of trading bots available.

Types of Binance Trading Bots
Binance offers a variety of trading bot products with different trading strategies and use cases. In this guide, we will cover some of the most popular bots and strategies, which include:
Spot GridFutures GridArbitrage BotRebalancing BotSpot DCAAuto-Invest
Spot Grid
The Spot Grid Bot is designed to buy low and sell high within a predefined price range. It divides your investment into multiple smaller orders, placing buy orders at lower prices and sell orders at higher prices. This method allows traders to profit from market fluctuations without needing to predict exact price movements.

Futures Grid
As the name suggests, the Futures Grid Bot is similar to the Spot Grid Bot, but it operates in the futures market. It automates trading by placing buy and sell orders within a specified price range. The primary difference is that the Futures Grid Bot uses leveraged trading, which can amplify both profits and risks. It also allows you to open short positions even if you don’t have the underlying asset to sell. 
The Futures Grid bot is suitable for more experienced traders who are comfortable with higher risks and have a solid understanding of futures trading.

Arbitrage Bot
Also known as the Funding Rate Arbitrage Bot, the Arbitrage Bot is a bot that allows users to explore the price differences between different markets. Typically, this bot adopts an arbitrage strategy between perpetual futures contracts and their spot equivalents. 
For example, a user could program the Arbitrage Bot to open a Futures long BTC position when the funding rate is negative and, at the same time, sell the equivalent BTC amount on the Binance Spot market. This way, they can receive the funding fees from their Futures market position while simultaneously hedging against the risks of price change with their Spot order.
The example above is known as a Reverse Carry strategy. In the opposite scenario, the strategy is known as a Positive Carry (i.e., open a short Futures position while the funds are positive and buy the equivalent amount on the Spot market to hedge against market volatility).

For those who are unfamiliar with funding fees, they are payments made between long and short position holders in perpetual futures markets. Such payments ensure that the futures prices align with the spot prices of the underlying asset.
Rebalancing Bot
The Rebalancing Bot helps maintain a specific asset allocation in your portfolio by periodically adjusting the proportions of each asset. This is particularly useful for long-term investors who want to ensure their portfolio remains aligned with their investment goals despite market fluctuations.
For example, imagine that you want to maintain a constant 45% BTC allocation in your portfolio. If the price of BTC goes up while the price of your other assets goes down, your BTC allocation value will become higher than 45%. In such a scenario, the Rebalancing Bot would automatically trade some BTC for other assets to ensure that your allocation goes back to the 45% target.

Spot DCA
DCA stands for dollar-cost averaging. It’s an investment strategy that involves asset purchases at regular intervals to achieve a better average price. You can use the Spot DCA bot to spread out your buy and sell orders over time, helping to reduce the impact of volatility.
For example, you can use the Spot DCA bot to buy more crypto as the price goes down or to gradually sell some of your holdings as the price increases.

Auto-Invest
The Auto-Invest bot is also related to DCA. It helps you accumulate crypto over time with regular purchases. It’s similar to the Spot DCA bot, but it only supports purchases and is designed for longer-term investing. You can create your own Auto-Invest Plan and customize it according to your preferred asset and time horizon.

Binance Trading Bot Marketplace
On the Trading Bots landing page, you can find the Bot Marketplace. It allows users to copy the bot parameters of existing strategies and features the top Grid Trading Strategies on Binance for Spot and Futures. You can filter the options by navigating the Spot Grid or Futures Grid tabs and by using filters such as Market, ROI, and Runtime.

Strategy Academy and FAQ
For more detailed information on the different bots and strategies, scroll down to the bottom of the Trading Bot landing page to check the Strategy Academy and FAQ.
Using Binance Trading Bots Effectively
Be careful when configuring the bots
It’s important to configure your bots properly to maximize performance and reduce risks.  Here are some other tips to make your experience more efficient:
Do your research: Start small and make sure you understand the products well before risking your funds.Set clear objectives: Define your trading goals, such as profit targets and acceptable risk levels.Adjust parameters: Fine-tune the bot’s parameters based on your trading strategy. For example, with a grid trading bot, you might need to adjust the price range and grid levels from time to time.Implement risk management: Use stop-loss and take-profit orders to protect your investments and lock in profits. Only risk what you can afford to lose.Monitor performance: Regularly review the bot’s performance and make adjustments as needed. Market conditions can change, so it’s important to stay adaptable.
Monitor your performance
Trading bots can automate your trades and save you a lot of time. You won’t need to monitor them 24/7, but it’s still important to keep track of your performance from time to time to make sure your strategies are working as intended.
Track performance: Keep an eye on the bot’s performance metrics, such as profit/loss, trade frequency, and win rate.Stay informed: Stay updated on market news and trends that could impact your trading strategy.Adjust settings: Be ready to tweak the settings in response to market changes or new insights.
Closing Thoughts
Binance trading bots can be powerful tools for automating your cryptocurrency trading strategies, helping you take advantage of market opportunities and manage risk more effectively. By understanding the different types of bots, how they work, and how to configure them properly, you can maximize their potential and enhance your trading experience. Remember to stay informed, monitor performance, and prioritize security to ensure the best results.
Further Reading
Your Guide to Binance Spot Trading
Your Guide to Binance Copy TradingWhat Is Binance Convert and How to Use It?What Are Crypto Trading Bots and How Do They Work?
Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer here for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
$BTC #Binance

Order books display the current buy and sell orders (bids and asks), showing the market's supply and demand dynamics for a given trading pair.In highly liquid markets, order books are continuously updated, and when a trade is executed, the corresponding orders are promptly removed from the book. This makes the order book a dynamic tool for tracking market activity.Order books can be useful in spotting potential support and resistance levels and analyzing market depth. However, because buy and sell walls can create false impressions of supply and demand, order books should be used alongside other tools for more accurate market analysis.
What Is an Order Book?
An order book is like a real-time list of all the current buy and sell orders for a particular asset, such as stocks, commodities, or cryptocurrencies. It provides a snapshot of what buyers are willing to pay (bids) and what sellers are asking for (asks), helping you see market demand and supply.
On the Binance App, the order book is located under your trading chart and looks like this:

On Binance Web, the order book is located on either the left or right side of your trading interface (left side for Spot and Margin; right side for Futures). It looks like this:

How Order Books Work
In high-liquidity markets, you will notice that order books are live and constantly being updated. As new buy or sell orders come in, they are added to the list. When a trade happens, the relevant orders are removed from the order book. Essentially, order books are where you see the open orders that represent ongoing negotiations between buyers and sellers.
If you're a buyer, your order will be added based on the maximum price you’re willing to pay. If you're a seller, it’s based on the minimum price you're willing to accept.
Key Components of an Order Book
Buy orders (bids): These show what buyers are ready to pay. Usually, they’re listed from the highest to the lowest bid price.

Sell orders (asks): These show what sellers want to get for their assets. They’re listed from the lowest to the highest ask price.Price and quantity: For each order, the book shows how much the trader wants to buy or sell and at what price.Spread: This is the gap between the highest bid and the lowest ask. A smaller spread means the market is more liquid.Order matching: When a buy and sell order line up, the matching engine will execute the trade. In other words, if a buyer agrees to pay the seller’s asking price (or if a seller agrees to take a bid), the trade goes through.Visualizing Order Books: Depth ChartsMany traders use depth charts, which are visual representations of the order book. On the chart, the x-axis shows price points, and the y-axis shows the volume of buy and sell orders at each price.On Binance, you can find the depth chart at the top right corner of your chart interface. You can also use the Depth chart to check the current bid-ask spread of a particular market.

You’ll see two curves: one for bids (buy orders in green) and one for asks (sell orders in red). By analyzing these curves, traders can get a sense of where the market is more likely to move or spot "buy walls" or "sell walls" that might stop the price from moving past certain levels.
How Traders Use Order Books
Order books can provide interesting insights into market liquidity and trends. Some of the ways traders use order books include:
Spotting support and resistance: Large buy orders (buy wall) at a certain price might suggest strong support, while large sell orders (sell wall) may signal resistance at that price.Liquidity analysis: Deep order books with lots of orders make it much easier to buy or sell without pushing the price up or down too much.Market depth: Traders often look at how many orders are “waiting” at different prices to anticipate potential market moves. For example, if there are many buy orders around certain prices, there is a higher probability of those levels acting as support.However, orders can be placed and removed easily. Buy walls and sell walls are sometimes used to create false impressions of supply and demand. So don’t rely too much on the order book. It can provide some insights, but it’s not foolproof.Types of Orders in an Order BookMarket orders: These orders are executed immediately at the best available price. For example, if a buyer submits a market order, it will be matched with the lowest ask price in the order book.Limit orders: A limit order allows traders to specify the price at which they are willing to buy or sell. This order will only execute if the market price reaches the trader's limit price, ensuring control over the execution price but with no guarantee that the trade will be executed.Stop orders: These are conditional orders placed to buy or sell an asset once its price moves past a specified point, triggering a market or limit order. Stop orders are often used to minimize losses, making them very useful for risk management.Closing ThoughtsIn short, an order book is a useful tool for understanding supply and demand in financial markets. Whether you're trading stocks, commodities, or cryptocurrencies, knowing how to read an order book can help you make better trading decisions.Still, orders can be quickly created and deleted. Remember that buy walls and sell walls are sometimes used to create false impressions of supply and demand. To reduce risks, it might be a good idea to combine your order book analysis with other technical indicators and tools.
Further Reading
Your Guide to Binance Spot Trading Understanding Matching Engines in TradingBid-Ask Spread and Slippage Explained
Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer here for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
$BTC
#Binance

Basic order types (Market, Limit, and Limit Maker) provide essential trading execution options, each with distinct purposes.Trading exit strategies, such as Take Profit and Stop Loss, can help manage risk by automating order execution based on price conditions.Advanced order combinations (OCO, OTO, and OTOCO) enable Binance users to execute more sophisticated strategies for better trade management.
Introduction
When trading on Binance, users have access to a variety of order types, each designed to serve specific purposes in executing trades. These order types range from basic options like Market and Limit orders to more complex strategies such as One Cancels the Other (OCO) and One Triggers the Other (OTO).
This article provides an overview of the different order types available on Binance, including their specific functions and when to use each one.
Basic Order Types
The basic order types serve specific purposes and include few details. All order types require specifying a symbol (e.g., BTCUSDT) and side (BUY or SELL). We will discuss some of the most common: Market, Limit, and Limit Maker.
Market order
A market order is the simplest and most immediate type of order. When placing a market order, a trader agrees to buy or sell an asset at the best available price in the market. The order is filled as soon as it is placed, and the trader receives the quantity they requested based on the current market price.
The main advantage of market orders is their speed — they are executed right away, which makes them the go-to choice for traders who need to act fast. The trade-off, however, is that the final execution price may not be exactly what was anticipated, particularly when the market is moving quickly.
Limit order
Limit orders give traders the ability to set the exact price at which they are willing to buy or sell an asset. In this case, the trader specifies a limit price, and the order will only go through if the market reaches that price or offers something better.
This is a useful approach for those who are not in a rush and prefer to wait for the market to come to them. Limit orders can remain in place until the price condition is met, which might take minutes, hours, or even days, depending on market activity.
Additionally, Limit orders require the trader to specify a Time in Force, which defines how long the order stays active before expiring. The most common options are:
Good Til Canceled (GTC): The order remains open until it is either fully executed or manually canceled by the user.Immediate Or Cancel (IOC): The order attempts to execute all or part of it immediately, canceling any unfilled portion.Fill or Kill (FOK): The order is executed only if it can be fully filled immediately; otherwise, it’s canceled.
Limit Maker
A Limit Maker order works much like a regular Limit order but is designed to ensure it becomes a “maker” order, adding liquidity to the market instead of taking it. Sometimes called a Post-Only order, it prevents the trade from being executed instantly against an existing order.
Limit Maker orders can be especially useful for those who wish to control their trade price while avoiding the maker/taker fees that can arise from immediate matches.
Trading Exit Strategies
Trading exit strategies are essential for managing risk and protecting profits. These strategies include Take Profit and Stop Loss orders, which are used to exit a position at specific prices.
Stop Loss orders
A Stop Loss order automatically closes a position once the market reaches a certain price, helping traders limit losses when the market moves against them. For instance, if someone buys a cryptocurrency and the price drops to a set stop price, the Stop Loss order will sell it to avoid further losses.
A Stop Loss order can be set with a fixed price or a trailing stop, which adjusts automatically as the market moves in favor of the trader’s position. This trailing mechanism locks in profits as the market price rises, but triggers a sell when the market price moves against the trader by a specified amount.
Take Profit orders
Take Profit orders allow traders to lock in profits when the market reaches a predefined price. Unlike Stop Loss orders, which are triggered by a price decline, Take Profit orders are activated when the price reaches a level that results in a profitable exit. This type of order is particularly useful for traders looking to secure profits without having to monitor the market constantly.
Take Profit orders can be combined with Stop Loss orders in a single strategy, allowing traders to set both the price at which they want to take profit and the price at which they want to limit their losses.
Conditional Order Types
Conditional orders are more advanced strategies that involve placing orders only when certain conditions are met. These include orders such as Stop Loss Limit and Take Profit Limit.
Stop Loss Limit orders
A Stop Loss Limit order combines the functionality of a Stop Loss order with a Limit order. When the stop price is reached, a Limit order is triggered, allowing traders to set a specific price at which they are willing to sell. This order type can help prevent a sell order from executing at an unfavorable price in a rapidly moving market.
This type of order provides more control than a simple Stop Loss, as the trader specifies the price they are willing to accept, reducing the likelihood of selling at an undesirable price.
Take Profit Limit orders
Take Profit Limit orders work similarly to Stop Loss Limit orders. These orders trigger a Limit order once a predefined price is reached. Traders can use this order type to automatically exit a position when the price hits a certain profit target, ensuring that the trade is closed at a price that meets their expectations.
Advanced Order Types
For more sophisticated trading strategies, traders can use linked order types, which allow for greater flexibility and automation in managing trades.
One Cancels the Other (OCO)
An OCO order combines two orders into one. The first order is placed as a Limit or Take Profit order, while the second order is a Stop Loss order. If one of the orders is executed, the other is automatically canceled. This strategy is useful when a trader wants to protect profits while limiting potential losses.
For example, a trader might set a Take Profit order at a higher price and a Stop Loss order at a lower price, ensuring that only one of these orders will be triggered, depending on the market movement.
One Triggers the Other (OTO)
The OTO order type allows a trader to place two orders, where the second order is triggered only after the first one is fully executed. This strategy is useful for traders who want to place a secondary order that will only be triggered after a certain condition is met.
For example, a trader might place a Limit order to buy an asset, and once that order is filled, a pending Sell order is triggered.
One Triggers One Cancels the Other (OTOCO)
An OTOCO order combines the features of both the OTO and OCO orders. The first order is placed as a working order, while the second part consists of two pending orders that are linked as an OCO. These pending orders will only be placed if the first order is fully executed.
This order type is useful for traders who want to set up a more complex strategy that requires multiple exit conditions, such as a Take Profit or Stop Loss scenario.
Closing Thoughts
Knowing how each order type works — from fast Market orders to complex linked strategies like OTOCO — allows traders to match their tools to their goals. The right choice can help automate trades, reduce risk, and improve overall results. Mastering these options can make the difference between reacting to the market and actively shaping trading outcomes.
Further Reading
What Is an OCO Order?What Is an Order Book and How Does It Work?Bid-Ask Spread and Slippage Explained
Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Products mentioned in this article may not be available in your region. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
$ETH
$BTC
#Binance

The Crypto Trade Analyzer is a tool that mirrors how trades really happen, considering live order book depth, fees and token discounts. It compares real trading costs across exchanges.Going beyond headline prices, the analyzer calculates how liquidity and slippage affect real execution, revealing the true cost behind displayed prices.The Crypto Trade Analyzer also provides fair, standardized comparisons. Each exchange’s average price, fees and effective cost are shown side by side for easy comparison.The tool features real-time, live updates, so prices and order books update automatically, mirroring what’s happening in the market right now.The analyzer is built for all types of traders. It’s simple enough for anyone to pick up, yet offers serious, analytical depth for those who need it.
Introduction
Locating the most cost-efficient place to trade seems simple. However, even when prices look similar on different exchanges, information like fees, liquidity and slippage can significantly change the final trading costs.
The Crypto Trade Analyzer eliminates this guesswork by simulating actual trade execution across exchanges in real-time. Rather than just displaying listed prices, it mimics executing an actual trade across various exchanges as it happens. 
The tool analyzes order book depth, applies trading fees and token discounts and calculates the total cost in both native and USD terms. In the image below, you can see Crypto Trade Analyzer comparing BTC/USDT execution costs across multiple exchanges in real time.

The tool shows users the true cost (including fees) so they understand what they’ll genuinely get for their trades. The goal is simple: to help users make better-informed trading decisions based on real execution quality rather than headline prices.
For newcomers seeking simple comparisons or professionals analyzing execution performance, the Crypto Trade Analyzer delivers a clear, fact-based look at how much trades actually cost across various exchanges. The tool currently supports major exchanges including Binance, Bybit, Coinbase and OKX, with more being added regularly.
You can access the Crypto Trade Analyzer at binance.github.io/crypto-trade-analyzer.
Who Should Use This Tool
The Crypto Trade Analyzer is designed for anyone who wants to optimize their trading costs:
Beginners learning how trading costs work beyond the displayed price.Frequent traders looking to minimize costs across hundreds of trades.Arbitrage traders seeking price discrepancies and liquidity differences between exchanges.High-volume traders optimizing for the lowest effective execution price.Anyone comparing exchanges before opening an account or moving funds.
How the Crypto Trade Analyzer Works
The Crypto Trade Analyzer combines live market data, exchange fee structures and user preferences to estimate the real cost of executing a trade on each supported exchange. Its purpose is to show the effective price, what a trader would actually pay or receive after considering fees and slippage.
At a high level, the process involves four main steps:
Collecting live market data: The analyzer taps into each exchange’s order book to get live price feeds for the selected trading pair. This ensures that calculations are always based on current market conditions.Simulating an order execution: Rather than simply checking the best bid and best ask, the tool explores the order book level by level. It figures out what would happen if someone tried to buy or sell that amount right now. A volume-weighted average price (VWAP) shows how much trading activity impacts costs, revealing the difference between the quoted price and actual execution price for sizable orders.Applying fees and discounts: Every exchange applies its own maker-taker fees, tier levels (account levels that determine fee rates based on trading volume) and token discounts. The analyzer automatically applies these parameters to each calculation so the output reflects the true cost of execution after fees. Results include both the raw execution price and the final price after deductions.Converting and comparing results: All outputs are converted into a standard format showing: average execution price, fees (in native asset and USD), slippage and the effective price after fees. Exchanges are ranked from the most to the least cost-efficient, with live updates reflecting new market data in real time.
Price, Fees, and Slippage
When evaluating trading costs, it’s important to look beyond the visible market price. The number users see on an exchange, the best bid or best ask, isn’t the whole story regarding how much a trade truly costs. What traders ultimately pay, or receive, comes down to three key factors: price, fees and slippage.
Market price and order book depth
Price reflects a balance between buyers wanting low prices and sellers aiming high. Yet the actual cost paid hinges on whether there are willing participants at that exact price. A modest transaction could be completed right away at the best available price. However, substantial trades often require working through several price tiers, thereby shifting prices. The analyzer examines the entire order book, not just the top level, to assess available liquidity.
Trading fees
Each trade incurs a cost, typically depending on if it contributes to or diminishes available orders:
Maker fee: charged when adding liquidityTaker fee: charged when removing liquidity
Because the tool simulates immediate execution, it assumes taker behavior by default. Moreover, it considers individual preferences like:
Fee tiers may depend on trading volume or account level.Token-based discounts may apply (e.g., paying fees with BNB on Binance).Custom or promotional rates when available.
It guarantees figures align with what traders actually pay when things are comparable.
Slippage
Sometimes, a trade doesn’t go quite as planned. Slippage is what happens when the execution price differs from what was initially seen, often because prices move while order processes, especially with sizable trades that fill across different price levels in the order book.
For example, buying 1 BTC quoted at $110,000 may fill at an average of ~$110,050 if the order consumes higher ask levels.
The analyzer quantifies the cost impact of limited liquidity and book movement – essentially, what a trader gives up when buying or selling.
The effective price
The effective price is what users actually pay for a trade after accounting for market conditions, fees, and slippage. This comprehensive figure reveals the true cost of execution.
It shows performance as a clear number, listed in the local currency also alongside USD, so users can quickly see how well trades did on various exchanges with differing cryptocurrencies.
How to Use the Tool
Crypto Trade Analyzer breaks down every trade, showing exactly how the numbers work. It walks users through everything, choosing what to trade, then comparing exchanges in a clear ranking.
Choose a trading pair and order direction: Start by selecting the desired trading pair and specifying the order side (Buy or Sell). The tool automatically fetches live data from supported exchanges for that pair. Once the pair is chosen, the analyzer begins monitoring the corresponding order books in real time.Enter the trade size: Next, enter the amount to trade. The size can be expressed in either the base asset (e.g., BTC) or the quote asset (e.g., USDT). This flexibility allows users to simulate trades the same way they would on an exchange (i.e., buying 0.5 BTC or spending 55,000 USDT).Select the exchanges to compare: The analyzer supports many popular exchanges. Users can choose which ones to include or exclude, so they see only the comparisons that matter. After picking an exchange, the analyzer subscribes to the exchange’s live order book and computes the cost breakdown.Review account preferences: Each exchange has different fee schedules, discounted prices and user tiers. Through the Account Preferences, users can adjust:User tierToken-based discounts (e.g., paying with BNB)Custom fees, if available
These preferences directly affect the calculated outcome and make the simulation more accurate for each user’s trading conditions.
View the results and comparison: With everything dialed in, the analyzer calculates:Average execution price — The volume-weighted average price across all filled ordersSlippage — Absolute slippage amountNotional — The total value of the trade before fees are appliedFees — Trading costs shown in both quote currency and USDPay: The actual fee amount deductedEffective Taker Fee: The fee rate applied (e.g., 0.1000%)Receive (net) / Spend — The actual amount received (for sell orders) or spent (for buys) after all costs.
Each exchange appears as a card showing a real time cost breakdown, while the one with the most favorable result is clearly highlighted with a “BEST” badge. Results update automatically as market data changes, ensuring the comparison always reflects current conditions.
Interpret the “Save vs” metric: Alongside the best exchange, the analyzer displays how much a trader would save or lose compared to other exchanges for the same trade. This gives traders a quick overview of the cost difference between the selected exchanges.
Tips and Limitations
The Crypto Trade Analyzer gives users a pretty solid idea of what trades will cost, though it’s never perfect. Because markets move fast, actual results might not match exactly what the tool predicts. Knowing when to rely on it, as well as where it falls short, will help you read its output correctly.
Tips for using the analyzer effectively
Use realistic order sizes: Large simulated orders can produce a big slippage if they exceed available liquidity. For a fair comparison, enter trade sizes similar to those typically executed.Keep exchange preferences updated: Fee tiers and token-based discounts can change. Adjusting account settings in the tool ensures the calculations reflect current trading conditions.Monitor volatile markets carefully: During high volatility, order book depth can change between updates. Refreshing or briefly pausing can prevent misleading comparisons.Compare multiple pairs: Liquidity varies widely between trading pairs. An exchange that offers the best execution for BTC/USDT might not be the same for ETH/BUSD or smaller altcoin pairs.Check the “Save vs” metric carefully: Even small savings can compound significantly over time for frequent traders. The analyzer highlights those differences to help identify long-term efficiency.
Limitations to keep in mind
Simulated, not executed: The analyzer estimates how trades will execute by looking at what buyers and sellers are offering right now, using the live order book. However, the real outcome could be different – particularly if markets swing wildly or aren’t very active.Taker-oriented simulation: The model assumes immediate market-style fills and does not account for maker rebates, partial fills or advanced execution strategies.No guarantee of future depth: Book orders shift quickly; what users see available might vanish as costs change. Consider it a quick look, not a promise.Exchange-specific rules may differ: Order acceptance hinges on details like price increments, trade quantities, and the smallest transaction value. Though these rules always apply, they shift from one exchange to another.USD conversion depends on external sources: Values are also shown in USD using third-party pricing; brief discrepancies are possible during rapid moves or outages.
Closing Thoughts
Trading costs used to be hard to gauge; the Crypto Trade Analyzer makes them clear. Instead of switching between exchanges, the analyzer brings everything into one view. It shows everything in one place: available liquidity, applicable fees, token discounts and expected costs.
Before this tool, comparing execution costs across exchanges required manual calculations, spreadsheets, or assumptions about fee tiers. The analyzer removes that friction by running those comparisons live, with real order book data.
It focuses on outcomes, not just quoted prices. It clarifies how savings happen, trades perform, or liquidity impacts price, turning tricky details into straightforward guidance.
Trading now happens at lightning speed, scattered across many places. This tool offers assistance to traders seeking sharper insights. Newcomers find it clarifies the components of each trade. Seasoned professionals also use it to assess and improve how they operate.
Ultimately, it comes down to transparency, making things previously obscured by details readily visible, measurable, but above all, weighed against each other.
Further Reading
What Order Types Can You Use on Binance?Your Guide to Binance Spot TradingWhat Is an Order Book and How Does It Work?Understanding Matching Engines in TradingBid-Ask Spread and Slippage Explained
Disclaimer: This article is for educational purposes only. This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Products mentioned in this article may not be available in your region. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer here for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
$BTC
#BTC

Before buying your first crypto, it’s important to think carefully about why you want to invest and consider how much risk you can handle.Crypto prices can change a lot in a short time, and many of these assets don’t have the same safeguards as regular investments.Keeping your crypto safe is very important. Learn how to store your funds and protect your private keys.To prevent losses, be careful of scams and use small test transactions before moving bigger amounts. Ideally, you should have a clear plan before you start.Remember that taxes apply to crypto trades, and rules can change based on where you live.
Introduction
Cryptocurrencies have grabbed a lot of attention in recent years. Many people find the idea exciting, and the chance to earn money tempting. But digital currencies come with some challenges you don’t get with traditional investments. Prices can change really fast, rules around crypto are still developing, and keeping your money safe requires special care.
If you’re new to the space and have been considering buying your first crypto, it’s a good idea to understand what you’re getting into first. This guide will walk you through the key things you need to know, so you can feel more confident as you start.
Why Do You Want to Buy Crypto?
Before you spend any money on cryptocurrencies, ask yourself: Why? Are you interested because you’ve heard good things? Want to try a new technology? Or hoping for big profits? Knowing your reasons helps you make better decisions and avoid rushing into something risky.
Crypto investments can be very volatile, so only put in money you can afford to lose. Also, think about how crypto fits with your other investments. Do you want it as a small part of your savings or a bigger chunk? Your goals and how long you plan to hold will make a difference when deciding what and how to buy.
Learn the Basics About Crypto and Blockchain
The blockchain space is diverse, with thousands of networks and crypto projects. Bitcoin and Ethereum may be the most famous, but there are many others out there. Each has different risks and benefits. So, knowing the basics of how cryptocurrencies and blockchains work can be handy when deciding which project you want to get involved with.
Simply put, blockchain is a secure, shared digital record kept by many computers around the world. This decentralization makes the network resistant to attacks and the data resistant to tampering.
Proof of Work (PoW) and Proof of Stake (PoS) are two common mechanisms used by blockchains to achieve consensus and keep the network safe:
Proof of Work uses computer power to solve puzzles and confirm transactions (like in Bitcoin mining).Proof of Stake chooses who confirms transactions based on how many coins they lock up (stake). PoS is used by Ethereum and many other altcoins.
Check the Details: Whitepapers and Roadmaps
Before investing in a new crypto project, it’s useful to look for its whitepaper. This is a document that explains what the project is about, how it works, and what it hopes to achieve. A good whitepaper will be clear, detailed, and upfront about the challenges ahead.
Also, check if the project shares regular updates and keeps its promises. If things feel vague or the team disappears, it’s usually a warning sign to be extra careful or avoid investing.
Be Ready for Price Volatility
Cryptocurrency prices often move quickly and by large amounts. For example, Bitcoin’s price has risen dramatically in some years, and fallen just as sharply in others. This kind of change can be stressful, so it’s important to plan ahead.
Here are some tips to manage the ups and downs:
Decide in advance when to buy and sell instead of just reacting to market moves.Use tools like stop loss orders that automatically sell if the price drops to a certain point.Only invest what you’re comfortable risking.Spread your investments across different coins rather than putting all your money in one place.Don't rush to buy in a market frenzy. Sometimes patience pays off.
If you’re thinking about investing in brand-new coins, be even more cautious because they usually carry higher risks.
Keep Your Crypto Safe
Since crypto transactions can’t be undone, losing your money because of a hack or a mistake can be devastating. Protecting your crypto is very important.
There are two main ways to store your crypto:
Hot wallets: These are constantly connected to the internet, like mobile app wallets or exchange accounts. While they offer convenience, hot wallets tend to be less secure.Cold wallets: These are offline storage options, like hardware devices or paper wallets. They are safer from online threats but less convenient for frequent use.
If you are in doubt about hot and cold wallets, note that many investors use both. You can keep most of your crypto in cold storage for safety, and smaller amounts in hot wallets for easier access and convenience.
Also, make sure to keep your private keys very safe, as they give total access to your crypto. Never share them and store them offline if possible.
Test Before You Transfer Large Amounts
Before sending a large amount of cryptocurrency, send a small test transfer first. This simple step lets you double-check that you have the right wallet address and everything is working properly. Mistakes can be expensive because crypto transfers usually can’t be reversed.
Know Your Tax Responsibilities
Buying, selling, and even using cryptocurrencies can have tax consequences. Depending on where you live, profits or losses might need to be reported to tax authorities. Tax rules related to crypto are still changing, so it’s wise to:
Keep records of all transactions.Use tax software that supports cryptocurrencies, or talk with a tax professional.Stay updated on local tax laws to avoid surprises.
How to Buy Cryptocurrency
Buying crypto is a simple process, but it’s important to follow some key steps to avoid problems.
First, choose a reliable cryptocurrency exchange or platform, such as Binance. If you want to buy a specific altcoin, check if it’s listed and available for trading on the exchange you chose. 
Next, create and verify your account by providing the necessary identification documents. This is necessary to ensure account security and compliance with local regulations.
Once your account is set up, you’ll need to deposit funds using traditional methods like a bank transfer, credit card, or debit card.
After your funds are available, you can place an order to buy your chosen cryptocurrency. Most platforms offer the so-called “market orders” for immediate purchase at the current price or “limit orders” to buy when prices reach a certain level. If you want a simpler interface, consider using Binance Convert.
Finally, consider transferring your crypto to a personal wallet for greater security, especially if you are investing larger amounts. Remember to double-check wallet addresses and use small test transfers to avoid mistakes.
Closing Thoughts
Buying cryptocurrencies can open doors to new opportunities, but it comes with risks you don’t face in traditional investing. By knowing why you’re investing, learning how the market and technology work, planning for volatility, securing your assets, and understanding tax rules, you’ll be better prepared to enjoy the benefits while avoiding common downsides.
Always take your time, ask questions, and never invest more than you can afford to lose. With careful steps, you can explore the crypto space responsibly.
Further Reading
Binance Beginner's GuideHow to Set Up a Crypto WalletWhat Is Bitcoin and How Does It Work?
Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Products mentioned in this article may not be available in your region. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
$BTC
#Crypto

Binance is trusted by more than 200,000,000 users worldwide. Join our growing community by opening an account with Binance today. You can start investing or trading in minutes.To start using Binance, create an account, verify your identity, and choose a payment method for purchasing cryptocurrencies.Buying crypto on Binance can be done through various methods, such as credit/debit cards, bank transfers, or peer-to-peer transactions.Remember to enhance your Binance account security by using strong passwords, enabling two-factor authentication, and setting up an anti-phishing code.
Introduction 
A Binance account acts as your gateway into the world of blockchain and Web3, and is the best place to start your crypto trading journey. This guide will teach you how to get started with the Binance exchange. The steps are simple. Open an account, verify your information, choose a payment method, and get your crypto assets.
How to Create a Binance Account
Before you can buy your first bitcoin or BNB, you’ll need to open an account.
1. Head to the Binance homepage and click [Sign Up] in the front page or top right corner.

2. Input your email address and choose a secure password. If you prefer, you can also sign up using your mobile number rather than email.

3. Type the 6-digit verification code you received via email or phone number and click [Next].

4. Create a strong password with at least 8 characters, 1 number, and 1 upper case letter. Don’t share it with anyone.

5. Once you’re verified, you should now be set up with your Binance account. You’re one step closer to buying cryptocurrency, so let's dive into making your first crypto purchase.
How to Buy Crypto on Binance
Before you can buy crypto on Binance, you have to complete the identity verification process known as Know Your Customer (KYC). KYC helps us make sure you are who you claim to be and fulfill our legal requirements.
When you are done with the identity verification, you will be able to buy crypto through different methods.
1. Credit/debit card: the most straightforward option for new users.
2. Deposit funds into your Fiat and Spot wallet: Transfer fiat currency from your bank account and use it on the exchange.
3. Binance P2P: Purchase crypto directly from other users with Binance’s peer-to-peer service.
Purchasing Crypto With a Credit or Debit Card
1. Hover over [Buy Crypto] from the top menu and select [Buy & Sell].

2. Next, select the fiat currency you will be paying with and the coin you wish to purchase. Press the [Add New Card] button to proceed and add your card information.

3. Input your card details and click [Confirm]. Note that you can only use a credit or debit card that is registered in your name.

4. Double check the order details. You can check the conversion rates and fees by clicking at the three dots […] button.

5. If you have read and agree to the Terms of Use and Privacy Policy, tick the checkbox. When ready, click [Confirm] to finish your payment.

6. Once the process is complete, your purchased crypto will be credited to your Binance Spot wallet. Usually, opening an account and getting to this stage can be done within 10 minutes.
How to Trade Crypto on Binance
At some point, you will likely want to start trading cryptocurrencies. If you’re not used to a traditional trading interface, we recommend using the Binance Convert feature. 
1. You can access it by hovering over [Trade] and selecting [Convert & Block Trade] from the Binance homepage.

With the Convert tool, you can pick the cryptocurrency pair you wish to trade using a simple interface. Fiat currencies are also available if you want to cash out or buy crypto with fiat. 
2. Select the coin you are exchanging in the top field and input the amount. Use the bottom field to select your desired cryptocurrency or fiat currency. Note that the default setting is [Market], meaning that you will get the current market price, also known as the spot price.

3. After confirming your selection and clicking [Preview Conversion], you’ll also see a summary of the trade you’ll make.
Once you’re happy with the preview, you can click [Convert] to confirm your order.

4. If you want to create a limit order instead, select the [Limit] option at the top menu. A limit order lets you buy or sell crypto at a specific price or better.
In this example, we are placing a limit order to trade our 50 USDT for the equivalent value in BNB when the price of BNB drops to 610 USDT.

Using the Binance Spot Trading Interface
1. Find the [Trade] menu at the top and click on [Spot].

2. Next, you will find the Binance Spot trading interface.

3. On the left side, you will see the order book:
Sell orders (asks) are in red.Buy orders (bids) are in green

4. At the center, you will find an interactive trading chart of the selected trading pair. In this example, BTC/USDT.

5. On the right side, there is a trading pair list, which contains all available trading pairs on Binance. Use the Search function to find specific trading pairs.

6. Below the trading chart is where you can create orders to buy and sell. If this is your first time, you will have to add funds to your Spot Wallet first.

7. For example, if you are using USDT to buy BTC, you need to first add USDT to your Spot Wallet. Click the [+] icon to fund your account and choose your preferred method.

How to buy BTC with USDT
1. To start, choose an order type. With a limit order you can set a specific price (not necessarily the current price). In contrast, a market order will try to execute your order as soon as possible at the current market price.

2. If you are using a limit order, define the amount and price and click [Buy BTC].

3. You should get a notification at the top right corner of your screen. You can track your open limit orders at the bottom of your trading interface.

4. If BTC reaches the order price you specified, your order will be filled.

How to sell BTC for USDT
The process of creating selling orders is almost the same. In this case, we will use a market order to illustrate how to sell your BTC for USDT.
1. Choose your order type, set the amount, and click [Sell BTC].

2. Because we are creating a market order, the selling order will be placed immediately, and if there is enough liquidity, it will be filled instantly at the best market price.

If you are still not sure about Spot trading or want more details on how to use the Binance Spot trading interface, please check out our Binance Spot Trading Guide.
Binance P2P
Alternatively, you can use the Binance peer-to-peer marketplace to buy and sell cryptocurrencies. Binance P2P is an industry-leading P2P platform that allows buyers and sellers to choose the best price, payment method, and trading partners, all secured by Binance's escrow service.
In this section, we will illustrate how to use Binance P2P via the Binance App. For more information and a detailed view of the Binance P2P on the Web version, please check What Is Binance P2P and How to Use It?
Using Binance P2P on the Binance App
1. Open the Binance App on your mobile device and tap on the [Trade] button.

2. Select P2P Trading from the available options at the top right corner.

3. Select your preferred currency and payment method. This allows you to find the most convenient and cost-effective way to add funds to your account.

4. Follow the on-screen instructions to complete your transaction. Make sure to confirm the details and verify the counterparty before proceeding.
For more information about Binance P2P and a guide on how to use it, please check out our Binance P2P Guide.
How to Secure Your Binance Account
Using a strong password and our security features will help keep your funds safe. Make sure to start with the following security steps.
Use a strong password and change it regularly
This one is self-explanatory, but you would be choked with the number of people that still use passwords that are simple and easy to remember. Your password should always contain uppercase and lowercase characters mixed with symbols and letters. And of course, make sure you keep it safe and do not share it with anyone.
Enable Two-Factor Authentication (2FA)
We strongly recommend you set your account up with Two-factor Authentication (2FA). This creates an extra layer of security, meaning that even if hackers compromise your password, they would need access to your physical 2FA device to log in.
The Google Authenticator app or SMS authentication are great places to start. Our Binance 2FA Guide can explain more about the process.
Enable the Binance Anti-Phishing Code
When you add an anti-phishing code to your Binance account, every email you get from Binance will have this code displayed at the top. You can manually define what code it can be from a series of letters or numbers.
This way, you can be sure that the message you are receiving is actually from Binance and not from a fake email address. In other words, it helps you prevent phishing attacks.

For more information on account security, please check out Secure Your Binance Account in 7 Simple Steps.
Closing Thoughts
Opening an account and making your first trades with Binance is a small introduction to the world of cryptocurrencies. There’s a lot more to it than just buying and selling on the exchange. If you’ve never seen a trading view before, it can all look confusing at first. Binance Academy is full of trading articles and guides that can help you get started with trading tools and even create your own trading strategies.
Further Reading
Your Guide to Binance Spot TradingWhat Is Binance P2P and How to Use It?Your Guide to Binance Copy TradingSecure Your Binance Account in 7 Simple Steps
Disclaimer: In compliance with MiCA requirements, unauthorized stablecoins are subject to certain restrictions for EEA users. For more information, please click here.
Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Products mentioned in this article may not be available in your region. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
$BTC
#MarketRebound

In many countries, trading, spending, and selling digital assets are taxable events. To calculate your taxes, you must consider your capital gains and losses. 
You may also have to pay income taxes on your crypto holdings if you receive them as payment or rewards.Every jurisdiction is different, so make sure to consult a tax advisor to help you calculate and understand your taxes. Brokers and exchanges are typically obliged to cooperate with tax authorities to help them track transactions of crypto and other digital assets.Anyone found guilty of tax evasion can be slapped with significant financial penalties and even harsher punishments.
Introduction
If you HODL or trade crypto, you'll probably have to pay taxes at some point. The exact percentage varies among countries, but generally, it's common for tax authorities to treat digital assets (including cryptocurrencies, stablecoins, and NFTs) as capital assets (property). Paying your designated taxes is a legal obligation, so there’s no room for error.
In this article, we'll cover some basic principles that apply to crypto taxation. While the regulatory framework differs from one country to another, authorities like the US IRS have issued final regulations solidifying reporting rules. In any case, we recommend consulting a local tax professional.
Do I Have to Pay Taxes When I Buy or Sell Crypto?
There's no single right answer to this question. Your taxes will depend on your location, how long you've held your digital assets, and the type of activity you engage in, among other factors. As a general rule, you'll likely need to pay taxes or offset losses for selling, but not when you buy crypto.
In the United States, compliance starts with the "Digital Asset Question." On federal forms like Form 1040, you must check a box answering "Yes" or "No" regarding whether you received, sold, exchanged, or disposed of a digital asset during the year. You must answer "Yes" if you engaged in taxable transactions, but can answer "No" if you simply held assets or transferred them between your own wallets.
It's your responsibility to keep track of your taxable gains and losses and pay the right amount of tax according to your country’s regulatory framework.
What’s a Taxable Event?
A taxable event is a transaction or activity on which you're required to pay taxes. These events aren’t universal — what’s a taxable event in one country might not be in another. Typically, transactions involving the sale of commodities, investments, and other capital assets are taxable. Purchasing digital currencies like Bitcoin or BNB using fiat currency is unlikely to be a taxable event. However, selling or trading your crypto is very likely to be taxed.
A taxable event will leave you with capital gains (profit) or capital losses. If an asset you're holding appreciates and you trade it for a profit, you've made capital gains. If you trade or sell that asset at a loss, you've incurred capital losses.
In the US, you calculate capital gains and losses using tax forms like the Form 8949 and Schedule D. To help calculate this, taxpayers should note the date, cost basis (purchase price), sale value, and fees associated with all trading transactions.
What Are Taxable and Non-taxable Events?
Taxable events may include:
Selling digital assets for fiat currency (i.e., USD, CAD, EUR, JPY, etc.).Trading one digital asset for another (e.g., BTC for ETH, or using stablecoins).Spending cryptocurrencies. In certain jurisdictions, directly spending your crypto on goods or services triggers a capital gain or loss just like selling the asset.Receiving cryptocurrency as a result of mining, a fork, or an airdrop.Receiving staking rewards or payment for services (taxed as ordinary income).
The following are generally not considered taxable events:
Buying digital assets with fiat currency (except in cases where the purchase price is lower than the fair market value of the purchased coin).Donating cryptocurrency to a tax-exempt organization (this may also provide a charitable deduction).Gifting cryptocurrency under a specific limit (taxes generally apply only when you sell the asset).Transferring cryptocurrency from one wallet to another, as long as you own both.
How Is Cryptocurrency Taxed?
Bitcoin and other digital assets' official classification in a country will determine how they're taxed. In some countries, they are treated as property rather than currency.
Your Bitcoin or other crypto income may also count as income tax. If you're a full-time employee, freelancer, or crypto trader paid in crypto, you’re likely liable to pay income tax on your crypto earnings. This includes income from mining or staking rewards. Again, the income tax rate usually depends on how much you earn.
How Do I Calculate My Taxes?
If you've bought crypto, HODLed, and sold it later, your tax liability should be fairly easy to calculate. Let's use a hypothetical country, X, as an example. We must first calculate our capital gains or losses (in US dollars). The formula is as follows:
Fair market value - cost basis = Capital gain / loss
The fair market value is the current spot price you'd find on an exchange like Binance. The cost basis is the original price you paid for the asset plus any fees.
Imagine you bought 2 BTC for $10,000 each and sold them two years later for $30,000 each. You've now made $40,000 in capital gains:
$60,000 (fair market value) - $20,000 (cost basis)  = $40,000 (capital gains)
Your capital gains tax can depend on your total taxable income, tax-filing status, and the amount of time you've held the asset in question. For example, if you've held crypto for over a year, you might be subject to long-term capital gains tax.
Note: Typically, tax brackets and income thresholds are adjusted annually for inflation. Consult the current year's tax tables in your region for accurate rates.
If you trade regularly, your calculations will require more work. The tax consequences of fiat purchases and sales are relatively easy to understand, but it gets more complicated when trading one cryptocurrency for another.
Accountants generally use Specific Identification or FIFO (First In, First Out) to calculate this. While FIFO is the default method used by the IRS if no other method is chosen, Specific Identification allows you to choose exactly which units you are selling (e.g., the ones with the highest cost basis) to minimize your capital gains, provided you have adequate records.
With Specific Identification, you could choose to sell the asset you bought at the highest price first to lower your tax bill. If you do not specify which units you are selling, you must use the FIFO method, where the oldest assets are sold first.
You can deduct your capital losses from your capital gains to calculate how much you owe in a tax year. In many countries, short-term capital gains and losses (typically from holdings that are under a year old) are treated separately from long-term gains and losses.
How Do Tax Authorities Know About My Crypto Holdings?
Tax authorities in various jurisdictions have begun to track cryptocurrency transactions and enforce tax compliance years ago. Large cryptocurrency exchanges are also obligated to cooperate with authorities.
For example, US regulations require brokers, including exchanges and payment processors, to report digital asset proceeds to the IRS using the Form 1099-DA. This reporting requirement begins for transactions taking place in 2025. This means the IRS will receive direct reports of US residents’ digital asset sales and exchanges, similar to how stock sales are reported.
Governments also use data analytics tools such as Chainalysis to track cryptocurrency activity. With enough information, they can tie blockchain transactions on regulated cryptocurrency exchanges to personal crypto wallets.
What Happens if I Don’t File My Cryptocurrency Taxes?
In many countries, tax authorities require you to file your taxes regularly. This can be the case even if you owe zero taxes or are entitled to a refund. Failure to file can result in fees, penalties, interest, confiscated refunds, audits, and even jail time.
Closing Thoughts
Calculating your taxes correctly and paying them on time are essential life skills. That’s why we recommend engaging a professional tax advisor to ensure you don’t make any mistakes. This may be the case if you’ve been trading and not just investing. The tax implications of regular trading are much more complicated. Bear in mind that your specific tax requirements are highly dependent on the applicable regulations where you live.
Further Reading
How Is Crypto Taxed in Different Countries?Crypto Day Trading vs. HODLing: Which Strategy Is Best for You? How to Trade Crypto Responsibly 
Disclaimer: Binance does not provide tax or financial advice. Depending on the country's tax framework, when you trade commodities and the event produces capital gains (or losses), you may have to pay taxes. The regulatory framework for taxation of cryptocurrencies differs from country to country, hence we strongly advise you to contact your personal tax advisor for further information about your personal tax circumstances. It is your personal responsibility to select the correct tax jurisdiction that applies to you.
This content is presented to you on an “as is” basis for general information and or educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the content is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. For more information, see our Terms of Use, Risk Warning and Binance Academy Terms.
$BTC
#MarketRebound

How to Trade Platinum and Palladium on Binance Futures
Disclaimer: This content is for general information and educational purposes only. Products mentioned in this article may not be available in your region.
Key Takeaways
Binance Futures now offers Platinum (XPTUSDT) and Palladium (XPDUSDT) contracts.These contracts offer 24/7 market access and lower capital requirements than traditional metal exchanges.Traders can use leverage, but must consider and manage the increased risks of liquidation.Funding Rates help keep futures prices close to real market prices.
Platinum and Palladium Futures on Binance
On Binance, Platinum and Palladium are traded as USDT-margined perpetual contracts. This means that while the price tracks the real-world value of ounces of Platinum or Palladium, the settlement is conducted in the stablecoin USDT.
Platinum Futures: Ticker XPTUSDTPalladium Futures: Ticker XPDUSDT
Unlike physical settlement, where a trader might theoretically take delivery of the metal, these contracts are cash-settled. Traders speculate on the price movements of the metals without needing to worry about storage fees, insurance, or logistics.
The concept is simple: If you believe industrial demand or scarcity will drive the price up, you buy (Long). If you anticipate a price drop, you sell (Short). All profits and losses are denominated and settled in USDT.
Benefits of Trading White Metals on a Crypto Exchange
The digitization of commodity trading offers many improvements over the "old way" of trading futures.
1. 24/7 market access
Traditional commodity markets operate on fixed schedules and close on weekends. However, supply chain news or geopolitical events affecting major producers (like South Africa or Russia) can happen at any time. Binance Futures operates 24 hours a day, 7 days a week. If breaking news hits the wires on a Sunday, you can manage your Platinum or Palladium positions instantly, rather than waiting for Monday morning.
2. Lower barriers to entry
In traditional markets, a single futures contract for Palladium or Platinum can be prohibitively expensive due to the high value per ounce and large contract sizes. Binance Futures allows for fractional trading, meaning you can enter a position with a much smaller amount of capital than traditional exchanges require.
3. Leverage
Futures contracts allow traders to gain exposure to larger positions with a smaller amount of upfront capital (margin). While leverage varies by asset and market conditions, it allows for capital efficiency. For example, using leverage allows a trader to control a significant position in Platinum with a fraction of the value held as margin.
Understanding Funding Rates
If you are new to crypto futures, the concept of Funding Rates might sound confusing, but it’s actually quite simple. Since these perpetual contracts never expire, the system needs a mechanism to tether the contract price to the spot price of the metal.
The funding payment: This is a payment exchanged between traders (buyers and sellers) at regular intervals (typically every 4 or 8 hours). Note that this is not a fee paid to the exchange.The opportunity: If the funding rate is positive, longs pay shorts. If negative, shorts pay longs. In strong trends, holding a position against the crowd can result in earning passive income from these funding fees.
Risk Management
Trading these assets is easier than ever, but that means you can lose money faster than ever, too.
Leverage risk: Remember that leverage is a multiplier. Even moderate leverage can present significant risk in volatile metal markets. Example: If you use high leverage and the price of Palladium drops by a small percentage, you could face forced liquidation, losing 100% of your margin.
Market volatility: Platinum and Palladium are often more volatile than gold due to their reliance on industrial cycles and supply constraints.
How to stay safe
To stay safe, traders often employ risk management strategies, including:
Setting strategic stop-loss orders to cap potential losses.Managing position size to ensure account longevity.Avoiding excessive leverage, especially during periods of low liquidity or high volatility.
How to Trade Platinum and Palladium on Binance Futures
1. Log in to your Binance account, navigate to the [Futures] tab, then go to [USD(S)-M Futures].
Note: this product may not be available in certain regions.

2. Next, open the drop-down menu and search for XPTUSDT (for Platinum) or XPDUSDT (for Palladium).
You can also find these and other contracts under the [TradFi] category.

3. At the bottom right, you can check your Futures account balance. If your balance is zero, you can use the [Transfer], [Buy Crypto], or [Swap] features to add funds.

If this is your first time using Binance Futures, you will be required to open a Future Account.

You may also be required to complete a Futures Quiz before getting started.
4. When you are ready, you can use the order panel to buy or sell futures contracts.

5. If you click or tap [Cross] at the top right, you can switch between Cross Mode and Isolated Mode.
The Cross Margin Mode will consider all the assets in your futures account and all futures positions when calculating your margin and liquidation levels. This means that your open positions can affect each other, even if they are in different assets. For example, your gold position could be liquidated to cover losses on your silver position, even though they are different trading pairs.
The Isolated Margin Mode allows you to manage your risk on individual positions by restricting them to a specific asset. This means that your isolated position won’t be affected by fluctuations in other open positions you might have.
For more information, check out the following article: What Are Isolated Margin and Cross Margin in Crypto Trading?

6. At the bottom of your screen, you can check your Positions, Open Orders, Order History, and much more.
For more detailed information, please check the FAQ: Perpetual Futures on Traditional Assets.
Closing Thoughts
The launch of XPTUSDT and XPDUSDT pairs on Binance Futures provides traders with a modern bridge to the precious metals market. By removing the common barriers related to capital and rigid trading hours, Binance Futures offers a convenient way to get exposure to Platinum and Palladium. Still, remember to respect the risks and make sure you understand how the product works before getting started with futures trading.
Further Reading
How to Trade Gold and Silver on Binance Futures What Are Funding Rates in Crypto Markets?What Are Isolated Margin and Cross Margin in Crypto Trading? 
Disclaimer: This content is presented to you on an “as is” basis for general information and or educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the content is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. For more information, see our Terms of Use, Risk Warning and Binance Academy Terms.
$BTC
#BTC

XAU/USD overnight failure to build on the momentum beyond the downward sloping 100-hour Simple Moving Average (SMA), and the subsequent fall, favor bearish traders. The Moving Average Convergence Divergence (MACD) line stays below its signal line and under the zero mark on the 1-hour chart, while the negative histogram narrows, hinting at fading downside momentum. The Relative Strength Index stands at 40.75 (neutral-to-bearish), ticking up from prior readings and signaling early stabilization.

Below the falling average, Gold sellers retain the initiative and risk skews to the downside. A decisive close back above the 100-SMA would be needed to shift tone, as a sustained MACD turn higher and an RSI move through 50 could open a recovery phase. Until those signals materialize, rebounds in the precious metal will face pressure, and the broader setup will continue to favor tests of lower levels.
$PAXG
#GOLD

Mid-East tensions rise ahead of critical negotiations in Geneva

The story

Presidential push – US President Donald Trump said Iran wants to make a deal and added that he will be indirectly involved in today’s negotiations in Geneva. This is the second round of talks brokered by Oman. In the meantime, the Pentagon is deploying a second aircraft carrier to the region, while Tehran announced a military exercise near the Strait of Hormuz, the exit point from the Persian Gulf.

Why it matters

Higher chances of a deal – Most of the Iranian diaspora, with the largest community based in Los Angeles, is clamouring for the toppling of the Islamic Republic. However, I expect Trump to opt for an accord. Why? Merely announcing his involvement raises the chances for a breakthrough, as he is the ultimate decision-maker – ridiculed in markets for “chickening out,” at least when it comes to tariffs.

Moreover, a conflict would raise gasoline prices, which Americans are sensitive to, and put US soldiers at risk. It would be hard to repeat the success of Operation Midnight Hammer, in which American bombers hit Iranian nuclear facilities in June 2025. A deal would benefit Stocks while weighing on Gold and Oil.

What’s next

Lowering the scope is key – I do not expect a full agreement or a complete breakdown of talks. However, the agenda is critical. Iran wants to focus on its nuclear program and seems ready for concessions following the 12-day war and massive protests in January. The US, buoyed by Israel, desires to discuss Tehran’s ballistic missiles and its support for regional proxies. The narrower the scope, the higher the chances of a deal and the worse for Gold and Oil. A broader agenda would increase the risk of war and boost the prices of these commodities.

What Is Crypto Market Sentiment?
Market sentiment reflects the overall mood, feelings, and attitudes of traders and investors toward a cryptocurrency or the market as a whole.These feelings don't always reflect an asset or project's fundamentals but can significantly influence price movements.Understanding and tracking market sentiment can help traders and investors anticipate price movements, manage risk, and make more informed decisions.
Introduction
Like all financial assets, the price of a cryptocurrency is influenced by supply and demand. These forces, in turn, are often shaped by public opinion, news, social media, and investor psychology. 
Many traders analyze the market's sentiment to predict the short and mid-term potential of a crypto asset. Along with the technical and fundamental analysis, investigating the crypto market sentiment can be a valuable addition to a trader's toolkit.
What Is Market Sentiment?
Market sentiment is the collective attitude of traders and investors towards a financial asset or market. The concept exists in all financial markets, including cryptocurrencies. Market sentiment does have the power to influence market cycles.
Still, favorable market sentiment doesn't always lead to positive market conditions. Sometimes, strong positive sentiment (it's going to the moon!) may come before a market correction or even a bearish market.
Besides providing insights into market demand, traders can analyze these sentiments to predict potentially profitable trends. Market sentiment doesn't always consider a project's fundamentals, but they might be linked sometimes.
Example: meme coins
Meme coins can help illustrate the concept of market sentiment. Let’s take Dogecoin as an example. A lot of Dogecoin's demand during its bull runs likely came from social media hype (which led to positive market sentiment). 
In other words, many traders and investors bought Dogecoin without considering the project's tokenomics or goals, but only because of the market sentiment. Even a single tweet from a figure like Elon Musk is enough sometimes to cause positive or negative market sentiment.

Bullish vs. Bearish Sentiment
Investor sentiment typically falls into two main categories:
Bullish sentiment: Traders and investors feel confident that prices will go up. When the market is bullish, people are more likely to buy and hold onto their assets, hoping to make a profit as prices rise.
Bearish sentiment: Indicates pessimism and expectations of declining prices. In bearish conditions, investors are more likely to sell off holdings or open short positions.
These two mindsets can exist at the same time in different parts of the market or among different groups of investors, which often causes price swings and uncertainty.
Why Is Market Sentiment Analysis Important?
Market sentiment analysis is an essential part of many trading strategies. For instance, this analysis can help you investigate whether FOMO is justified or simply a result of herd mentality. Overall, combining technical and fundamental analysis with market sentiment studies allows you to:
Get a better idea of short and mid-term price action.Develop better control of your emotional state. Discover potentially profitable opportunities.
How to Perform Market Sentiment Analysis
To understand the market's sentiment, you'll need to collect the market participants' views, ideas, and opinions. To get a basic feel, you might consider investigating the relevant social media pages and channels to understand what the community and investors are feeling about a certain project or the market as a whole.
You may also consider joining official forums, Discord servers, or Telegram groups to talk directly with the project’s team and community members. But be careful! There are many scammers in those groups. Don’t trust random people, and make sure to do your own research before taking risks.
On top of monitoring social channels (particularly X, given its popularity among cryptocurrency users), you might also consider the following:
Track social mentions with data collection software tools.Stay up to date with the latest industry news through media portals and blogs. Binance Blog, Bitcoin Magazine, and CoinDesk are some examples.Set alerts or track large transactions made by whales. These movements are regularly tracked by crypto investors and might have an impact on market sentiment. You can find free whale alert bots on Telegram and X (e.g., WhaleAlert).Check market sentiment indicators and pricing signals on CoinMarketCap. These indexes analyze a range of different sources and provide easy summaries of current market sentiment.Measure the level of hype surrounding a cryptocurrency with Google Trends. For example, a large search volume for “How to sell crypto,” could suggest that the market sentiment is negative.
Market Sentiment Indicators
Fear & Greed Index
The Crypto Fear & Greed Index is a popular indicator of crypto market sentiment. It shows market fear or greed on a scale of zero to 100 by analyzing different information sources, including volatility, market volume, social media, dominance, and trends.

Bull & Bear Index
The Bull & Bear Index by Augmento is a different sentiment indicator that focuses on social media. An artificial intelligence (AI) software analyzes 93 sentiments and topics using conversations on channels like X, Reddit, and Bitcointalk. The indicator value ranges from zero (bearish) to one (bullish).

Closing Thoughts
While many traders use market sentiment analysis in investment markets, it can also be useful in the cryptocurrency market. Because the blockchain industry and crypto markets are still relatively small, public perceptions and sentiment can cause volatile price fluctuations.
Market sentiment analysis tends to offer better results with more practice and experience, but it might not work in some cases. Make sure to do your due diligence before trading or investing and only risk what you can afford to lose.
Further Reading
What Is the Crypto Fear and Greed Index?The Psychology of Market CyclesFive Risk Management Strategies
Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Products mentioned in this article may not be available in your region. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
$BTC
$ETH
#MarketSentiment

The Crypto Fear and Greed Index measures crypto market sentiment on a scale from 0 to 100. It’s based on the CNNMoney Fear and Greed Index, originally designed for stock market analysis.Fear (a score of 0 to 49) indicates undervaluation and excess supply in the market. Greed (a score of 50 to 100) suggests an overvaluation of assets and a possible market bubble.Noticing changes in the level of fear and greed can be useful in your trading strategy, especially when deciding to enter or exit the crypto markets.

Introduction
When deciding whether to buy or sell in the crypto markets, a good trader or investor will always look for supportive data. There are charts to look at, fundamentals to analyze, and market sentiment to tap into. However, studying every metric and index available isn't the most efficient use of time.
With the Crypto Fear and Greed Index, a combination of sentiment and fundamental metrics provide a glimpse of market fear and greed. While you should not rely on this indicator alone, it can help you figure out the overall feeling of the cryptocurrency markets.
What Is an Index?
An index aggregates multiple data points into a single statistical measure. For example, the Dow Jones Industrial Average (DJIA) tracks the stock market by weighing the prices of 30 major U.S. companies. Investors can gain exposure to these stocks by purchasing DJIA-related financial instruments.
The Crypto Fear and Greed Index is also a weighted measure of market data, but that's where the similarities end. The Crypto Fear and Greed Index is not something you can purchase or any kind of financial instrument. It’s just a market indicator that can complement your analysis.
What Is a Market Indicator?
Market indicators help traders and investors analyze data more efficiently. These indicators exist in three primary forms:
Technical analysis (TA): Examines price movements, trading volume, and statistical trends using TA indicators like moving averages and Ichimoku Clouds.Fundamental analysis (FA): Evaluates an asset's intrinsic value by examining factors such as user adoption and total market capitalization.Sentiment analysis: Measures investor sentiment through social media, community discussions, and public opinion.
The Crypto Fear and Greed Index is just one of many market indicators. Other examples include The Bull & Bear Index from Augmento and WhaleAlert, which tracks large transfers from whales in crypto markets. To an extent, crypto research relies heavily on analyzing social media, the community, and public opinion. So, sentiment analysis can come in handy when trading crypto.
What Is a Fear and Greed Index?
CNNMoney originally developed the Fear and Greed Index to analyze stock market sentiment. A website called Alternative.me later adapted it for the crypto market.
The Crypto Fear and Greed Index analyzes a basket of different trends and market indicators to determine whether the market participants are feeling greedy or fearful. A score of 0 indicates extreme fear, while 100 suggests extreme greed. A score of 50 shows the market is somewhat neutral.
A fearful market could be an indication that cryptocurrencies are undervalued. Too much fear in a market can lead to overselling and excess panic. Fear doesn't necessarily mean that the market has entered into a long-term bearish trend. Instead, you can think of it as a short or mid-term reference to overall market sentiment.
Greed in the market is the opposite situation. If investors and traders are greedy, there's a possibility for overvaluation and a market bubble. Imagine a situation where FOMO (fear of missing out) causes investors to pump the markets. The increased greed leads to excess demand, artificially inflating the price.
How Does the Crypto Fear and Greed Index Work?
Each day, the index calculates a new value from 0 to 100. As of March 2025, the Crypto Fear and Greed Index uses data related to Bitcoin and other major cryptocurrencies. The reason behind this is BTC's significant correlation with the crypto market as a whole when it comes to price and sentiment.

You can divide the index's scale into the following categories:
0-24: Extreme fear (orange)25-49: Fear (amber/yellow)50-74: Greed (light green)75-100: Extreme greed (green)
The index calculates the value by combining five different weighted market factors.
1. Volatility (25% of the index score). Volatility measures the current value of Bitcoin with averages from the last 30 and 90 days. The index uses volatility as a stand-in for uncertainty in the market.
2. Market momentum/volume (25% of the index). The current trading volume and market momentum are compared with the previous 30 and 90-day average values and then combined. Constant high-volume buying suggests positive or greedy market sentiment.
3. Social media (15%). This factor looks at the number of X hashtags related to Bitcoin and its interaction rate. Typically, a constant and unusually high amount of interactions relates more to market greed than fear.
4. Bitcoin dominance (10%). This input measures BTC's dominance of the market. Increased market dominance shows new investment and the possible reallocation of funds from altcoins.
5. Google Trends (10%). By looking at Google Trends data for Bitcoin-related search queries, the index can provide insights into market sentiment. For example, a rise in "bitcoin scam" or “bitcoin price manipulation” searches would indicate more fear in the market.
6. Survey results (15%). This input is currently paused and has been for quite some time.
Can I Use the Index for Long-Term Analysis?
The indicator doesn’t work as well on long-term analysis of crypto market cycles. Within a bull or bear run, there are multiple cycles of fear and greed. These switches can be useful for swing traders. But, for investors who want to HODL, it will be difficult to predict the change from a bull to a bear market just by using the index. You will likely need to analyze other market aspects to get a long-term perspective.
As usual, the recommended advice is that you don't rely solely on one indicator or style of analysis. Make sure to do your own research (DYOR) before investing any money, and only invest what you can afford to lose.
Closing Thoughts
The Crypto Fear and Greed Index is a simple way to gather and summarize a whole range of fundamental and market sentiment metrics. Rather than have to do this yourself, you can rely on the indicator to track social media, Google Trends, and other statistics. If you want to include it in your analysis, consider complementing it with other metrics and indicators to get a more balanced view.
Further Reading
5 Essential Indicators Used in Technical AnalysisWhat Is Crypto Market Sentiment?The Psychology of Market Cycles
This article is for educational purposes only. This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Products mentioned in this article may not be available in your region. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
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Blockchain address poisoning is a scam in the crypto world where attackers take advantage of the similarity between wallet addresses to trick users into sending money to the wrong wallets.Scammers create wallet addresses resembling those a user often interacts with and “pollute” their transaction history by sending small transactions from these fraudulent addresses.The irreversible nature of blockchain transactions increases the risk and impact of these address poisoning scams.Mitigation requires improvements at the protocol, wallet, and user education levels, along with blockchain analysis and real-time monitoring.
Introduction
With the rise of blockchain technology and cryptocurrencies, cybercriminals have also developed more clever ways to exploit users. One increasingly common and troubling tactic is called blockchain address poisoning. This scam tricks users into sending funds to wallet addresses that look very similar to ones they usually use. Unfortunately, because blockchain transactions are final and can’t be undone, users who make this mistake can suffer huge losses.
In this article, we explore how blockchain address poisoning attacks work, the techniques scammers use, real-world examples illustrating their impact, and strategies for prevention.
What Are Address Poisoning Attacks in Crypto?
This scam happens when fraudsters create wallet addresses that closely mimic the legitimate ones a user frequently transacts with. They then send small, seemingly harmless transactions from these “lookalike” addresses to the victim’s wallet. This action fills the victim’s recent transaction list or address book with “fake” addresses, increasing the chance they will accidentally pick a malicious address for their next transaction.
Blockchain wallet addresses are long strings of hexadecimal characters, which are hard to remember. Because of this, users often copy and paste addresses or select from recent addresses shown in their wallets, creating an opening for scammers to slip in malicious addresses that may appear familiar.
How do attackers generate similar addresses?
Scammers use computer programs to generate many wallet addresses repeatedly until they find ones that match the beginning and end characters of their target’s regular address. Wallet apps usually only display a few characters at the start and finish of addresses, so these similarities fool users into thinking the lookalike address is genuine.
Steps of a typical address poisoning attack
Study the victim: The scammer reviews the victim’s transaction patterns to learn which wallet addresses they frequently use.Generate fake addresses: Using automated tools, the attacker creates similar addresses that look like the ones used by the victims.Poison transaction history: They send tiny payments from these fake addresses to the victim’s wallet, embedding them in their address history.Catch the victim: Later, when the victim sends crypto and picks an address from their recent activity, they may pick the wrong one by accident, sending funds to the scammer.
Real-World Example: The 2024 Crypto Whale Attack
One high-profile case from May 2024 involved a crypto whale who mistakenly sent nearly $68 million in wrapped bitcoin (WBTC) to a scammer’s Ethereum address. The attacker spoofed the first six characters of the victim’s legitimate address to create a convincing fake. After receiving the funds, the scammer moved the assets through multiple crypto wallets.
Following negotiations, the scammer returned the original $68 million several days later but kept approximately $3 million profit due to price appreciation. The campaign behind this attack involved tens of thousands of fake addresses and targeted mostly experienced users with large wallet balances, highlighting the sophistication and scale these scams can reach.
Who Are the Victims?
The victims are usually active crypto users who hold larger amounts of cryptocurrency than typical users.Although most fake addresses don’t successfully deceive users, the overall amount stolen can reach hundreds of millions.Many victims reduce risk by performing small “test” transfers before sending large sums.
How to Prevent Address Poisoning Attacks
Improvements at the protocol level
Human-friendly addresses: Systems like Blockchain Domain Name System (BNS) and Ethereum Name Service (ENS) allow easier-to-remember names instead of long hexadecimal strings, which can help reduce errors.Higher costs for address creation: Introducing measures that slow down address creation or use larger character sets can potentially make generating fake addresses more difficult and costly.
Wallet and interface upgrades
Better address visibility: Wallets could show longer parts of addresses or alert users when sending to addresses similar to known fake ones.Blocking suspicious transfers: Wallets and blockchain explorers might hide or flag suspicious zero-value and counterfeit token transfers used in these scams.
User awareness and best practices
Test before sending: Always make small test transfers before sending large amounts.Keep trusted address lists: Use personal allowlists to avoid accidentally selecting fraudulent addresses.Use security tools: Consider using extensions or apps that detect phishing and address poisoning attempts.
Real-time blockchain monitoring
Real-time tools can spot unusual patterns linked to address poisoning and alert users, exchanges, or security teams to stop scams before they cause significant damage.
Closing Thoughts
Blockchain address poisoning is a growing and costly scam that takes advantage of complex wallet addresses and user convenience. Because crypto transactions cannot be undone, even small mistakes can mean serious losses.
Preventing these scams requires a team effort involving better blockchain protocols, smarter wallet designs, educated users, and advanced monitoring systems. By understanding how these attacks happen and following safety practices, the crypto community can reduce risk and stay more secure.
Further Reading
What Are Multisig Scams and How to Avoid Them? 5 Tips to Secure Your Cryptocurrency HoldingsWhat Is Wrapped Bitcoin (WBTC)? 
Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Products mentioned in this article may not be available in your region. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
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