How to Use binance? What is Spot and future trading in binance? 2025 beginner guide

We will discus about binance, what is binance? how to use binance? what is spot trading? what is future trading? We will tell you about these topic.

Binance is world’s biggest cryptocurrency trading platform, where 280+million’s of user buy, sell, and trade digital currencies like bitcoin, ETH , BNB, and 500+ other coins.

it was established in 2017 by Changpeng Zhao (CZ), In short time it become world’s biggest trading platform due to its low transaction fees, sophisticated tools, and best security.

You can use binance in mobile phone through app and website you can also run it in pc there through app and website, it is very easy to use and user friendly. We will talk about how to use binance,

How to Use And Trade in Binance?

There Are some simple step that need to follow if you want to use and trade in binance.

1.Create Account:

• First download Binance app or go to there website. https://www.binance.com/referral/earn-together/refer2earn-usdc/claim?hl=en&ref=GRO_28502_HLQT7&utm_source=default.
• If you already have account then click in login/sigh in option, if you don’t have account then click sigh up option and create account.
• You can simply create your binance account by using email or mobile number. put you email/number, name and other details that binance ask.
• After putting you details create your account password, you need strong password that you can don’t forget.
• Now your account is created and you can use binance to buy and sell crypto but not there all functions, To use there all function you need to do your KYC verification.

2.KYC verification:

• To use all feature you need to complete KYC verification that is for safety and security purpose.
• First Login to your binance account for KYC verification of binance by clicking these three dot, after that you will see KYC verification.
• After that click on KYC verification then upload your ID card or document like(CNIC/Passport/driving license).
• Then verify your face the app will tell you move your face in different direction like up, down, right side and left side, follow there instruction, and then done.
• You need to wait few minute to few hour(it mostly took little time to verify your details but in some case it will maybe take longer time), after some time you will notify if your account is verified or not, if your account is not verified and failed, don’t panic see why is your account got rejected, some time CNIC image upload blur or some time because of other issues, check the reason why your request rejected and reupload your document again after clearing that issue.

If you are curious what is benefit of KYC verification, you can access deposits, withdrawals, trading tools and feature that you need in trading. Now your account is ready to trade, deposit your fund in binance and start trading.

3.How to Deposit Funds:

You can deposit your funds with two method. first is P2P and second is Deposit Crypto from other excahnge.

P2P:

• You can use card if your country support it, if not then you can deal P2P(person to person).
• Go to P2P option (you can only use it if your account is verified).
• select what you want to buy like USDT, BTC, ETH(select USDT you can buy anything with USDT and it is the common currency that use to buy crypto currency).
• Then select which person/seller you want to buy(select seller with good rating and who has many transaction record)
• After selecting the seller select payment method like bank account or your local account if seller support that.
• pay the amount and seller will release the Fund after receiving your amount.

This is the total process of buying funds in your wallet through P2P.

Deposit Crypto:

If you already have crypto currency in other exchange or wallet, you can transfer it in your binance account.

• Go to your binance wallet then select add fund option.
• Select on-chain deposit if you want to transfer funds from other exchange or wallet.
• Select coin what coin you want to deposit.
• copy that coin address and send your funds from other wallet/exchange to your binance account.

This is all you need to do start trading, you are ready to trade and start trading.

What is Spot Trading?

In spot trading you buy and sell crypto directly and you own that asset.

Let’s say you want to buy BTC, the current market price of BTC is 105000$, if you wanted to buy BTC, you can buy it instantly with your funds at current market price, Now you buy 1 BTC at the current market price and hold, after some time BTC goes to 110000$ and now you want to sell it, you can sell it instantly with out any waiting period of time(at the current market price).

So you buy BTC at 105000$ and sell it at 110000$

you make 5000$ profit. No leverage issue, no liquidation risk, no waiting time it’s that simple to use spot trading, Spot trading is best for beginners.

What is Future Trading?

In future trading Binance allow you to trade with leverage(in leverage you borrow money from binance and trade).But future trading is very risky why let me explain.

In spot trading even if your trade goes in loss you will not loss all your amount, like you buy BTC at 105000$ and now BTC price is at 95000$ you will loss 10000$ but the remaining amount will be safe, you can sell it any time, but in future trading there come liquidation, if you borrow money from binance and trade you will get a liquidation amount if that coin touch that price your account will get liquidate.

For Example: you have 500$ and you want to buy one ETH coin but ETH coin current market price is 3000$ so you want to borrow 2500$ from binance, you need to set your leverage at 6x in leverage option, and your liquidate price will be around 2500$ means if the price touch 2500$ your 500$ will become 0/zero and your account will liquidate(empty).

Final Tip:

If you are a beginner don’t use future for now trade in spot understand the market, study market, chart, indicators and other important thing then start future trading.

this all for now if you want to know what you need to do before starting trading then click here

And if you wanted to know about bainace, is is safe to use and it’s security feature then click here

If you want to know about risk management then click here.

If you want 10% fees discount in your binance account you can use this link https://www.binance.com/referral/earn-together/refer2earn-usdc/claim?hl=en&ref=GRO_28502_HLQT7&utm_source=default