Binance Spot Trading(1)
2021.08.18 07:45
Hi It's Unicorn
There are many kind of transactions, such as spot, leverage trading etc.. How to purchase and sell cryptos, and earn profits by the spread of the price. Regarding to spot transactions, here are three interface modes to choose on Binance platform as following.
Convert(Basic): The easies way to trade. Anyone can operate, and it’s for those people who need to exchange cryptocurrency anytime.
Classic: Simple and easy-to-use interface. It’s suitable for newbies and some investors familiar with technical analysis.
Advanced: Full access to all trading like spots, leverage, and contract transactions. It’s suitable for experienced investors.
Convert
It means that you can convert cryptocurrencies directly.
First, click the Convert and enter its interface. It’s just like that we exchange foreign currency on online bank. Second, select the currency and amount and you can convert directly. It’s easy and quick to complete.
As long as you fill out the table, the system will automatically calculate the amount for you.
It’s a basic interface and suitable for investors that only want to simply exchange the currency or quickly complete the transaction. If you have profound experience of trading, you may choose classic or advanced one.
Classic
This version is the most suitable foe novices. However, most of novices will feel dazzled when they see this version of the interface at the first time. If you have experiencer in stock trading, you may be familiar with this kind of order interface. You can start to trade quickly. On the contrary, if you don’t have any experience of investment, this interface may confuse you. The following article will introduce the various information of the classic version that you are able to know more about classic trading.
Advanced
It’s the most complete and diverse trading interface. It is similar to classic one. The difference of this interface is that it has more order option for margin trading and contract trading. Regarding to leverage and contract trading will also introduce in the following articles.
For investors, cryptocurrency is different from traditional financial instrument (stocks, forex, and gold). It’s a new type of investment asset, so you must take time to study the relevant knowledge behind it, and read more resource articles or books to enrich your understanding of cryptocurrency.