--- title: 'Video NrEQRu8hnVw' source: 'https://youtube.com/watch?v=NrEQRu8hnVw' video_id: 'NrEQRu8hnVw' date: 2026-07-04 duration_sec: 0 --- # Video NrEQRu8hnVw > Source: [Video NrEQRu8hnVw](https://youtube.com/watch?v=NrEQRu8hnVw) ## Summary This comprehensive Binance tutorial walks you through everything from creating an account and securing it with robust measures, to buying and selling cryptocurrencies, depositing/withdrawing fiat, and generating passive income through staking, lending, and the Launchpad. It also covers trading fundamentals, futures risks, and the Binance card, aiming to help both beginners and intermediate users. ### Key Points - **Account Security Essentials** [04:26] — Use strong unique password, enable 2FA (Google Authenticator or hardware key), set anti-phishing code, and activate withdrawal whitelist to prevent hackers. - **Buying Crypto with Fiat** [08:41] — Buy crypto via credit card (1.8% fee, instant) or bank transfer (0% fee, slower). For Europeans, bank deposit in euros is free. - **Receiving Crypto from Other Wallets** [11:56] — When transferring from another exchange, always match cryptocurrency and network (e.g., TRC-20). Wrong network = permanent loss of funds. - **Withdrawing Money to Bank Account** [19:16] — To withdraw fiat, first convert crypto to BUSD (or EUR), then use bank transfer (free) or card (1% fee). - **Passive Income via Staking & Lending** [25:34] — Staking locks crypto for 30-90 days earning ~9-10% APY. Lending offers flexible or fixed-term savings, with rates varying by product. - **Launchpad for Early Access to New Tokens** [32:02] — Binance Launchpad lets you buy new tokens before public listing if you hold BNB during a snapshot period. Example: Voxies token rose 28x from launch price. - **Futures Trading Risks & Levers** [36:04] — Futures trading offers up to 50x leverage but carries extreme risk—most beginners lose money. Use stop-loss and limit orders to manage risk. ## Transcript video. In this video I'm going to explain step by step and in detail how Binance works. I'm going to explain everything in detail, from the most basic aspects, such as how to create a Binance account, cryptocurrencies, how to sell them, how to send them back to your bank account, to more advanced things like how to trade, how to use your cryptocurrencies to generate passive income, how the launchpad works, and Binance features work. My goal with this video is to help both beginners and more advanced users understand certain functionalities of Binance. Since I know that each person will need to learn something different, I've decided to put chapters in this video so you can go directly to the content you need or want to learn. To playback bar or you can also see them in the description of this video. So with that said, let's begin with the step-by-step tutorial. The first thing I'm going to do is explain how to create a Binance account and what things are super important that you have to do to have a secure account and to avoid getting hacked. Opening an account on Binance is really very simple. You can use the link I've left in the description; it's an affiliate link, and I'll get a small commission for using it. Once you click on the link, it will take you to a page similar to this one, and you will here where it says register. It will take you directly to this page and you'll have to type, "Hey, where do you live?", okay? Well, Binance is available in the vast enter where you live. In my case, I live in Andorra, so I'll put have to choose whether we want a personal account or an entity account. The personal account. It's when you create an account, because in my case as Adrian Sign, an account in the name of your company, right? So in this case we want a simply have to put your email address, in my case I'm going to blur it out , and a password. Something super important when creating a password for these types of services is that on these kinds of pages you is that on these kinds of pages you you are ultimately storing cryptocurrencies and therefore storing money. unlike the traditional banking system , your cryptocurrencies can be stolen and you won't be able to recover them. For example, if someone hacks your bank account and transfers your money to their bank and they will be able to cancel that transfer and return your money to you. In the case of cryptocurrencies, this is not the case. Therefore, it is super because if you get hacked at any point, you won't be able to complain to anyone. security step is to set a good password. How do we create a good long password, one you don't use on other platforms, include a number, uppercase letters, lowercase letters, and some special characters. Make it as hack as possible. Then we're also going to avoid putting our name, obvious things that we would put in a password. Then here we select, hey, if I want to receive advertising basically by email and if advertising purposes. In my case, I accept both, click next, and basically what it tells me is that they have sent an email to the email address I entered , it's really simple, you just enter the code that you , you click submit, then they will ask for your phone number and request a phone number verification . Be simple. In my case I can't do it use my phone number again , but hey, it's really super easy and super intuitive. Once you've done all of this, you'll reach inside Binance. In this case we are already inside our account. As you can see, I have 74 notifications, and well, basically we're already in here super easy to create a Binance account. But now let's move on to the security part. I know it's a part that's quite tedious, but it's super important to have superb security from minute one so you don't have any end, cryptocurrencies are something that can be stolen from you and you won't be able to make a claim against anyone. Therefore, the security of your cryptocurrencies is your responsibility. So we're going to put four security things in place that will prevent you from getting hacked. We're going to come this way where this little person appears. We came here where it says security. We click. So, the first security measure we have is what's called Chu FA, which is basically two-step authentication. This is something super important to implement several ways to implement two-step authentication. basically a key that is like a USB that you buy and to to make a transfer it will ask for that key. So, you'll have it wherever. And every time you want to make a transfer or log into Binance, it computer. Therefore, no hacker will be able to access your Binance account because they won't have physical access to this USB drive, okay? Then Google Authenticator, which is super easy. Basically, it's an that's constantly generating a new password every minute, okay? so to access your account or to make a transfer, you'll need this code, which you'll simply have access to on your mobile phone, okay? Then , which basically involves sending you an SMS, and then we have email verification. In my particular case, I have these three activated, therefore they will ask me for both my password and the going to ask me for the password they sent to my phone number and they're sent to my email account . It's true that these things are I have to make a transfer it's a hassle because I have to check a bunch of emails, my phone, SMS, well, a lot of several things that are a pain than to have my Then we can activate two extra security features that don't cost anything to extra security. First, the anti-phishing code, okay? Basically, people who have Binance accounts by sending messages to your email address claiming to be from they really want is for you to click on their email. looks a lot like Binance, which they've basically copied, and you're going to password there, and they're going to steal both your email address and your password and Binance account. How can you avoid these kinds of things? Basically, you come here where it says anti-phishing code, click here to activate, anti-phishing code, and here you're going to put a code, okay? For example, give it a like, video, I'd like to ask you to like it too. It doesn't cost you anything and it helps me a lot. And basically all Binance emails are going to arrive with this "dle like" message. Therefore, if you receive an email from Binance that doesn't contain the word "dle like," you'll know it's a it. Then we have an extra feature which is the withdrawal whitelist. Basically, this functionality allows you to enter your other exchanges, or addresses from other wallets. For example, you'll be able to put your Bitcoin address, your Ethereum address, your USDC address, well, several cryptocurrencies. And what this whitelist will do when it's activated is that it cryptocurrencies to those addresses. Therefore, if someone hacks your account, the only thing they will be able to do is send cryptocurrency to your other accounts. You will not be able to send cryptocurrencies to your accounts under any circumstances, withdrawal whitelist. After that, another important thing you're going to have to identification and you're going to have to go through something called KIC. What is this regulations, you'll have to send a photo of an photo so they know who's behind that account. And this is due to a legal issue. So, if I'm not mistaken, you'll be able to use your account whether you're verified or not, but if you have a verified account, you'll have more things. In my case, I have a verified account, and because I have a verified account, I have fairly high deposit and withdrawal limits . In this case, I have a limit of $200,000, both for deposits and we've covered the whole account creation and security section, I know it's a pretty boring part and sometimes a little scary, but these are and will save us a lot of trouble. So, once we've seen this, let's move on to the part about how to buy cryptocurrencies. in order to buy cryptocurrencies, is other cryptocurrencies to exchange for this new first of all, and especially if you're new to Binance, how can I deposit money, euros or dollars, into Binance so I can exchange it for the cryptocurrency I relatively simple. We've come here where it says "buy cryptocurrencies" and here our currency, okay? Here you will find all the currencies they accept. So, for example, we put in dollars or we put in euros. Depending on the currency allow us to deposit cryptocurrencies in one way or another. For example, in the deposit by card, either by credit card or P2P merchant, or cash balance or payment through third parties. We have several options. Or bank deposit, which is the best and has lower fees, and as I recommend, deposit either by credit or debit card, P2P commerce or payment important thing is that, for example, people like me who live in Europe, where live in Europe and have a bank account in dollars. This is allow us to make bank deposits, which have the lowest fees, okay? For example, let's say we put it here in euros and we put " by card is the easiest and above all the fastest because you enter your money here; that is, in a matter of seconds you have the money cryptocurrency. In this case, the commission is 1.8%. large commission, but if we're investing €1,000 they're going to keep €18 and in the for no reason, and if we can prevent them from keeping that money, then all the better, bank deposit, and in the case of a bank deposit we can see that the commission is zero. So, hey, if we can get zero commission, all the better. So, for the bank deposit thing it's really super easy amount you want, let's say we want to put in $1,000 and in this case we're going to make a transfer and Binance is going to give us 1000 BUSD. Bus stablecoin is a cryptocurrency, but it replicates the dollar. A Busd is the same as . Here we would put the name of the bank, here the account number, and they would tell us where we have to make the transfer and what concept we have to put. Or, in the case of making a deposit by card, it's more of the same. We simply put this here, we click here, and then we enter the €1000, we would receive this amount because the other amount is due to enter our card number and all our receive this amount in cryptocurrency. This is how you can buy cryptocurrencies with fiat money, but you can also receive Binance account. If we have cryptocurrencies, then in Coinbase, if we have them in if we have them anywhere else. cryptocurrencies? It's very simple, we come here to the wallet, click on overview, come here where it says fiat spot and okay? So we would simply look here for which cryptocurrency we want to receive, cryptocurrency we have in the other wallet or the other exchange. So let's say we want to receive the cryptocurrency USDT, and one USDT is equal American dollar, so we would come here where it says deposit. We click here and select the cryptocurrency and network, okay? So, this is super important. When you send a cryptocurrency from one exchange to another, you will have to specify both the same cryptocurrency and the same network. If things, you could end up losing your cryptocurrencies along the way. And as I was saying, cryptocurrencies don't have anyone behind them, so you won't be 's super important that you don't fail at this. If you are using another exchange or another wallet, you will have to enter both the same network and the the address. So, what we would do is copy this address and then, select this cryptocurrency, this network, and where it tells you the address, we would paste this address, click on send, and we would be directly to our Binance account. Okay? What I'm going to do now is give you an example of what you should do on the other exchange to be without any problems. Basically, what I would do is click on withdraw, okay? This is on the other exchange. So, what I would do is select the cryptocurrency, in this case USDC, the address, well, we would paste here in network you will have to select the network that the other person told you. In the example I gave you, we were using the Tron network, the we selected this here. So, there wouldn't be any problem here because we have the cryptocurrency, we have the address, and we have the right network. amount here. We click on withdraw and Once we have money in our Binance account, how are we going to buy a cryptocurrency? It's really simple. We come here where it says trading and we click here where it says convert. So, here going to be able to transform one cryptocurrency into another cryptocurrency. As simple to use. If you make a transfer, you will receive BUSD, okay? You're going to have select BUSD and the other cryptocurrency you want to buy, okay? Hey, I want to buy Bitcoin, so I'll buy Bitcoin. Hey, Shiva here and buy it. I'm putting the amount of Busd here. Let's say I want to buy, uh, $10 worth of Shiva. Well, I'm just putting $10 here. I click here and it basically shows me that one BUSD is equal to 4000 Shiva, okay? And basically, as you can see, every 4 here again to refresh because it's constantly fluctuating; it might be 4,000, then it drops to 3,900, well, it keeps changing, and whenever I want, I just But you can actually buy it with either BUSD or USDT, or cryptocurrency. Let's say I have Cardano, which is the case, and I want to buy Shiva with Cardano. I can do it, but it wo n't allow me in this case because I only have five ADA and to make the exchange I need at , but that's because I don't have enough. But if, for example, Bitcoin, we could buy another cryptocurrency, such as Ethereum in this case . What's going on? Not all cryptocurrencies have pairs with all cryptocurrencies. Cryptocurrencies come in pairs, for example, Bitcoin Ethereum, Bitcoin USDC, Bitcoin USD, but there are some cryptocurrencies that do not have a pair, such as Bitcoin not having a pair with Shiva Inu. Therefore, if I have should do is exchange Bitcoin for USDT, okay? Well, I would make this simple change. And then what I would do is, once I have USDT, exchange USDT for Shiva, okay? simple. In this case, I'm using Shiva as an example. It's just to give an example. This is the easiest part Honestly, for a beginner, this is more than enough. But then if we come here to trading, we can come where it says classic and basically here we'll have some more information. Not only but we will also be able to view charts. We really see a lot of data here, but it's much easier than you think, okay? So basically what we see here is that we are in the Bitcoin USDT pair. As I mentioned, cryptocurrencies are traded in pairs, okay? Ultimately, we're exchanging Bitcoin price. In other words, this price is the price in dollars, okay? So, here we have which cryptocurrencies we are trading. Bitcoin. Here we can see the the maximum price and the minimum price in the last 24 hours . Bitcoin volume in the last 24 hours in Bitcoin and Bitcoin volume in the last 24 hours in chart and we can simply move it around to see how imagine you've all seen this at some point . So over here, these red numbers and these green numbers are nothing more than Bitcoin sales and someone sells Bitcoin . Just like every time appears here, okay? This really seems very complex, but it's simply the buying and selling of Bitcoin. Then if we come here to market orders, this basically means that what is a market order? It's every time a person places an order in the market, as the name suggests, but basically, well, $38,000, well, if I now place an order and say, "Hey, I want to buy Bitcoin when it reaches $35,000," well, that's a market order. Just like if I said, reaches $35,000." That's a market order. So, every time then, finally, here we have all the pairs, okay? So, any other cryptocurrency. In this case, we have Ethereum and Bitcoin. Then, we put USDT here, for example, so that everything is with USDT, so Ethereum USDT. I can also use BUSD, since Ethereum is a currency. Well, here we would basically have all the information. In this case I'm going back to Bitcoin USDT and that takes us to the spot part. The spot market is the area that will allow us to buy or sell Bitcoin. So, the easiest part is the market section. What I market part, where you're going to come here and select how much Bitcoin want to buy this amount of Bitcoin, okay? Well, I would simply select it and make the purchase, and that's it. I would have already bought it at the market price, therefore at this price. Similarly, if I want to sell, I would simply want to sell here and click here on sell, and I would be selling it at the okay? Basically, this limit allows us to at a specific price, okay? Uh, what does this mean? Well, but imagine you want to buy it when it reaches $35,000, if it ever does, We would simply put here, so when it reaches $35,000, I want to buy a we would simply click here on buy and the order would be placed, which Bitcoin reaches $5,000, automatically making this and you can cancel this order at any time . And this would happen exactly the same way if instead of making a purchase we wanted to make a sale. As you can see, this seems extremely complex, but it's actually simpler love using CoinMarketCap, which is also a see everything we're seeing here, but in a way that, in my opinion, is prettier and easier to view, okay? For example, we come here information here, we can exchange it for dollars and well, we have all this information basically but explained and taught in a we've seen how to send our money to our Binance account to 've also seen how to send cryptocurrencies from other exchanges or wallets to Binance to buy cryptocurrencies. Let's see how we can bank account because I think it's just as important and it's really very simple, but it's true that they have it done in a somewhat confusing way that, well, n't worry, it's easy. So, we come here to withdraw and they're withdraw in cryptocurrencies or withdraw in fiat currency. In the case of withdrawing before applies, right? We select the cryptocurrency, the address and the network and then send it to another exchange or another wallet. In the case of withdrawing Fiat, we this tab to withdraw Fiat will open, but we have to do one is basically coming here to trade, to convert, and basically what we're going to have to do is convert our cryptocurrencies into a currency, into a dollars. If you want to withdraw it in dollars, you'll have to convert the cryptocurrencies to BUSD. Why this cryptocurrency? Because this cryptocurrency belongs to Binance, and they want use this one, right? So, in this case, well, we transform whatever cryptocurrency it is into BUSD. Once we have BUSD, that can be converted into regular dollar money, so to speak. But euros, then what we have to do is select EUR, okay? We put EUR here case USDT or whatever cryptocurrency you want, into euros, okay? Therefore, you need to have BUSD or EUR to be able to convert it into bank money. If we don't have these cryptocurrencies, they won't allow us to convert it, okay? this, we come to this page I click on withdraw in Fiat and in this case, all the cryptocurrencies they have appear, right? Hey, I want to get Nigerian we come here and put it here, and it's this cryptocurrency, right? Super easy. So in my case, we can see that I have 54 euro cents, but what I do have is a bit more USD because I have BUSD. So, simply put, we would select this cryptocurrency here, and depending on the currency we are using, the withdrawal methods will vary, right? The smartest and most interesting thing to do is to make a bank transfer in dollars. I repeat, "Listen, Adrian, the thing is, I live in Europe and I don't have any dollars." Don't worry. In other words, you can create an N26, Revolute, TransferWise account dollars. You create it, receive the money in dollars, and then you can to your bank account. In other words, it's totally legal and super easy. Or in euros, because you live in Europe, you can do it in euros, but they only allow you to do it with a bank card and they will charge you a 1% commission. Depending on how much money you have, a 1% commission can add up to a giving it away, right? So from here on out, everyone can do it however they want. Now money directly to our bank account, let's see how to trade on Binance. That's something you've asked me about a lot, and I want to explain how it's done. Even so, I want to make it very clear that trading is people make a lot of money, but many others lose a lot of majority of people who trade lose money. Therefore, if you are a end up losing money. So, well, everyone can do what they want with in mind. So, what is trading? Basically, trading is buying and selling cryptocurrencies with the goal of making money. You can do trading I buy, I sell, and if I make a profit, then you're trading, right? But normally it's classic area, where we have more data, or in the like classic, but with some additional parameters. So, since this is a Binance tutorial and not a trading tutorial—and I'll tell you right now, I trade, I just invest long- term—I can't tell you any can tell you about the features that Binance has for trading, which, important, right? Which would basically be the stop loss and the take profit. What is tell Binance that when the cryptocurrency reaches a certain level, it should be imagine you buy a cryptocurrency for 100 and tell Binams, "Hey, if it reaches $95, automatically sell it." So what that allows is that your maximum loss is those dollars. But you can also profit, which basically tells Binance, "Hey, if this cryptocurrency reaches $200, automatically sell it and that way I secure those reaches $200, sell half of what I profit." Well, at this point everyone can make whatever strategy they want. So, how does it work? So, in the case of the stop loss, which is usually the most common, you okay? And basically what we would do here is set the price at which case, let's say we put it at $30,000. So, if Bitcoin reaches 30,000, then the stop loss would be triggered. Then here we have what is called a limit, and this is basically because cryptocurrencies are very volatile and exact price, but rather jump from that price. Well, it's something that happens due to volatility, so we can set the limit here and basically tell it that hey, if the price goes over $29,000, to automatically sell, okay? This security. And then here in quantity we would select the amount of Bitcoin we want to sell. So in this case, let's suppose we want to sell 0.5 sold with this stop loss. Then if you want to use what I mentioned where it says oco. So, in this tab we can set a take profit and a stop loss at the same time. Where it says price, we would put the want to set it at 69,000, okay? Because I'm seeing it here, which was graph. And then here's the stop loss I mentioned before, right? So we put 30,000 and here we put 29,000 and here we would put the amount, of what we have. So how does this work? Basically, in this case, the action that arrives first is the one that will be executed. Imagine it reaches $69,000, well in that case 100% of the Bitcoin we have will be sold and the stop loss will disappear. Similarly, if the stop loss is reached and everything is sold , the take profit will disappear. Like I said, guys, I personally don't trade, but I thought it was important to explain these Binance tutorial. Okay? So, now that we've seen all of this, we've Binance, how to withdraw money from Binance, how to buy and sell now we're going to see how to use the cryptocurrencies we have within Binance to generate income, and in this case, passive income. We're going to talk about staking, farming, lending, BNB, Binance Earn, a bunch of things that Binance has that will allow us to generate income thanks to that. The first thing we're going to look at is called staking. Staking cryptocurrencies locked for a period of time so that a blockchain functions correctly. And by doing that we will get rewards you take cryptocurrencies, leave them locked for a certain time, and when that time is over, they return your cryptocurrencies plus some locked. Something quite interesting that will allow us to generate We come here where it says earn and then we come here where it says stake. We click here to expand the 85 locked staking products and a bunch of cryptocurrencies appear that allow staking, okay? others that are less famous. For example, we have Luna, which has become quite popular lately, and it's giving us a return of 9.43% per year, okay? We can leave it blocked for 30 days, 60 days, or 90 leave it locked, the higher the annual return, okay? So, we would cryptocurrency. We click here to subscribe and then want to subscribe to. In this case, let's say I'm going to put all of these in and all the information would appear here, right? Staking date, value date, interest period, end date, and the day we'll get all the cryptocurrencies back if we do it, okay? And here we would see the annual return, and this is the estimated interest, how much I estimate I will earn in these 90 days. Something super important that I see many people getting not the interest rate we will get in 90 days. This is the annual return, so imagine we leave it for 30 days, we should take this return and divide it by 12, because this is the return for a whole year. Now that we've seen how staking works, which as you can see is super easy, let's look at how lending works, okay? Lending, we come this way and we come where it says savings. What is staking? And lending? As I told you, staking consists of locking up a blockchain can function correctly. In the case do is lend your cryptocurrencies to Binance, and Binance will then lend them to someone else. Basically, you're going to lend your receive certain returns. It's basically the same thing that banks do. flexible savings, which basically means that you lend your money and you can get it you get paid daily commissions for lending your money. Or we have blocked for a certain time, which as you can see is not much, 7 days, 15 days, uh 30, 60, 90 days, it's not crazy either. So, like I want to leave these axes blocked. We click on subscribe and we would information here and do it, okay? Exactly like the other one. And then here in flexible savings, let's say we put Busd here, we click depending on how much you have, it will give you a certain return or not. As we can see, they give you a 7% annual return if you deposit from $0 to $500, but if you deposit from $500 to $20,000 they give you 1% and more than $20,000 they give you 0.40%. I interesting options like Blockfy, but oh well, it's something important to found very interesting is that they have an automatic transfer option , which, if you activate this, automatically puts all the BUSD or all these cryptocurrencies that you decide to activate into allows all the BUSD you have, or all the USDT you have, or whatever working and generating passive income We continue with ways to earn money with your cryptocurrencies and we're going to move on to BNB VA. Basically, this BNB Vult thing, well, to understand it, we first have to understand that BNB is Binance's cryptocurrency, it's a Binance wants to promote, and that's why having BNB has certain advantages, one of which is being able to use BNB Vult. So, what exactly is BNB V? Well, you're going to take your BNBs, leave them can unlock them at any time, and what care of moving your money themselves. They're going to use staking, they're going to use lending, they're going to use something called Launchpad, which basically they're going to take care of moving your BNB looking for this profitability and they're going to be generating these returns for you. In this case, we is basically the estimated annual return , is 4.71%. sometimes you might see it higher, must be the average. The next way we can generate income with our cryptocurrencies is through liquidity farming. Basically, for an exchange to function, liquidity is needed. What is this liquidity thing? a lot of Bitcoin, a lot of Ethereum, a lot of Shiva, a lot of when someone comes along and says, "Hey, I'll trade you €10 for some Bitcoin in order to exchange it for those euros. That's liquidity, okay? So it's super important for an exchange to have liquidity. Obviously also allows users to contribute that liquidity and in return for contributing that liquidity they will give you certain rewards. So, this is where cryptocurrencies that need liquidity appear. We can filter it by stablecoins, are ultimately stablecoins or innovative, are cryptocurrencies that are say, right? For example, mana is a cryptocurrency of the metaverse, so what we would well, when you provide liquidity, you should always provide liquidity of two mentioned before, cryptocurrencies come in pairs, there are always two, right? So, in this case, if we have mana and USDT, we can contribute liquidity and they return, which they would be paying us in BNB. And the next way to put your cryptocurrencies to work is what's called Binance Earn, which combines everything I've mentioned. So together staking, lending, farming, well, everything, as you can on this page and try to organize it in simpler way, but it's really still the same thing I explained to you together to make it easier. We have already seen all the ways to put your cryptocurrencies to work and generate passive income for you. And now I'm going to start talking to you about the launchpad. The launchpad is something Binance has, which is super interesting, and it's being talked about more and more, but few works, and honestly, it's a very quickly. Like I said, I don't like the idea of ​​making money fast, to buy a cryptocurrency very cheaply and sell it very expensively in a relatively simple way. Basically, Binance has a lot of cryptocurrencies, but it doesn't have them all because it's impossible to have them all . There are thousands and thousands of cryptocurrencies, some of which are scams, so they can't list them all, but when they decide to list a new cryptocurrency on Binance, that cryptocurrency usually increases ? Because there are a lot of people, a lot of new investors who so what that does is directly cause the price to skyrocket. aware of this and knows that the moment they list a new cryptocurrency, the price will automatically rise significantly. So, Binance its platform, but especially the people who have BNB, which is its own cryptocurrency, which as I mentioned before, is its cryptocurrency and they want real use. So, what Binance does is allow you to buy these new Binance and therefore before their price rises significantly, for people obviously, but especially for people who have BNB. I'm going to show you because it's much easier to understand that way, okay? We come here to Earn, told you about the there's a new token, a new cryptocurrency that's going to be listed, they see more and we can see several that have already been in the past. They don't release one are constantly launching new cryptocurrencies, right? So let's take this one, completed, all of these are already completed and this one is about we come to this one, which is one that has already happened so you can see. So basically there is a holding period calculation at BNB. What this does is click on, "Hey, I want to participate in the launchpad." So, when you launchpad, there is a period called the BNB holding calculation period, which for a while will calculate how much BNB you have in holding, which is basically how much BNB you have in your account. The more BNB you have, the better your buy this cryptocurrency, okay? If you have very little BNB, they'll tell you, so we're not going to let you buy many of those cryptocurrencies. But if let you buy more cryptocurrencies, okay?" So, basically, there's a period where they calculate that, and then they do a calculation for you. holding BNB and how much BNB you have, they'll give you more or less buying power. And they'll tell you, for example, "Hey, we'll let you buy 1000 Voxis, okay?" buy 10 Voxis, or we won't let you buy any, or 2000, whatever it let you buy more or less. Then, once they let you, you decide, "Hey, they've let me buy 1000, should I buy 500 or 1000?" "Or I'll buy 750, whatever." So, to really see how interesting selling price—I mean, you were buying that cryptocurrency for one voxel for this to CoinMarketCap and enter this amount of BNB, which is the price of one voxel, the cryptocurrency, in dollars. We're talking about $16. So, we simply copy the name "Voxies," the cryptocurrency appears. And we can see that the cryptocurrency, when it was we're talking about it reaching 16. We're talking about it multiplying its value by 28. Therefore, if a person invested $1,000, they could have ended up with $28,000, obviously the peak. High. But we're still talking about how even here, today, you'd still bought it for much less money. The problem with the launchpad is that it's very difficult to get many cryptocurrencies, and you need a lot of BNB to get a decent amount . Okay, guys, now that we've covered the launchpad, I'm going to talk about futures. personally don't like at all. It's an investment with a brutal risk, and I would n't recommend anyone with little experience in trading and posted an Instagram story asking you what you wanted me to wanted me to talk about futures. Therefore, I feel obligated to explain how it works, but this is just a brief explanation . But I really want to dangerous. The vast majority of people who trade futures lose money. you know how to do it right, you can make money with this, I'm more than sure. trading cryptocurrencies or anything like that for a few years, you're message of, "Hey, be careful, please, because I don't want anyone to lose money because of this video." So, how does where it says derivatives, and then to where it says Binance Futures Summary. two ways to trade futures on Binance. We can either trade futures with UST or BUSD, which are stablecoins that track the dollar, or directly with cryptocurrencies. Basically, for those who don't know what futures contract is you're going to bet, you're literally going to bet, on whether a cryptocurrency is futures also have is that they allow you to be ultra-leveraged. So, what does ultra-leveraged mean? Leveraged? Well, basically you're going to invest $100, but that $100 will allow you to invest as if you had $5,000. We're talking about 50x leverage. Basically, your money is multiplied by 50 , so if it goes up 1%, you'll earn $50 having invested only $1, okay? Because you have $5,000 and it's great going up, it's terrible going down, because if it falls 10% and you only have $100, the trade is literally liquidated and you lose all the money you 've invested. So, basically, here where you put, well, USD futures or in Cryptocurrencies—basically, you're going to bet with, either dollars or cryptocurrencies. Let's say we're going to see the futures interface. It's very similar to the interface we saw earlier for trading. And which, as I mentioned, is the most dangerous aspect of futures and what can cause all their money. So, the maximum leverage is 50x, and here we basically or down, okay? And that's basically how futures work. It's like a bet where you're extremely leveraged. It's amazing because quickly, but it's very dangerous because it can literally wipe out we've covered futures, let's talk about the Binance card, and I think it's quite interesting. We simply go back to the regular Binance site and go to where it says " Finances" and select "Binance." Visa Card. Binance offers, which is completely free and sent to your home. They also have a virtual card that you can get here without having it mailed is have a card with which you can buy anything. It's anything on Amazon, in a bar, anywhere, and they'll charge you in with the cryptocurrency you have in your account. It also has a cashback. I don't know if you've heard of cashback, but basically, when you buy something, they'll give you back a percentage of that amount in cryptocurrency. In this case, they have cashback of up to 8%, okay? Although, I should of a catch, and they don't explain it here, but I'll explain it to you. Basically, they have, they explain how cashback works, right? It depends on how many BNBs you have. As you can see... Look, everything on Binance revolves around BNBs. cashback you'll get, right? So, if you have zero BNBs, you'll get, well, 0.1% cashback, which is very little. If you want to get 8%, which is the really interesting part, you need 600 BNBs. If we quickly go back to CoinMarketCap and put 600 BNBs there, we're talking about 600 BNBs being almost $250,000. hey, getting 8% back on everything you spend is crazy—you basically, so you understand how your card works, from the ordered it, you'll select which cryptocurrencies you want to use to ranking, like, for example, first spend USDT, then spend Bitcoin, then spend buy, it will use the higher balance. Hey, I have more USDC, so it basically, at that moment, it will sell the cryptocurrency to allow you to buy you want to use Bitcoin to buy things; what it will do is able to buy what you're buying. I'm going to talk to you about the NFTs area, which is something new they've launched; they've basically opened an NFT marketplace. Basically, what you can do here is buy NFTs. It's a market where there are several NFTs for sale; you can buy them, one, and I imagine you can even sell your own we simply go into one, and here we can see the price of that NFT, and and we could buy it, okay? I mean, it's really not very complicated, and what Binance also allows you to do is, if you buy NFTs... Here you'll be able to platform. And now, guys, to wrap up the video, something really great that Binance has is called Binance Academy. To access it, you simply come here to these little squares, you come here and it says Academy, okay? And in Binance Academy they have a ton of information, both about things outside of Binance, like DeFi 2.0, which is something we things that are really interesting. So, what would I say? video that you didn't quite understand, or you have a question, or that I didn't Because Binance is constantly changing. Things that are one way . I don't know. So, something I would recommend is that instead of staying with the question, you come here and look it up. I mean, there's... Everything, literally. which is a really cool-looking NFT game , what meme coins are, really have is content about their own platform. So, Adrian, I didn't understand the part about staking, uh, do they pay you? And I explained it wrong, right?" I've tried to explain it as best as explained. Well, you would simply come here where example "staking," and you'll have a lot of information, and for example, this guide you Here you literally have all the updated information because they update it themselves, and like I said, with this you'll never have Binance works again. So that's it guys, that's all for today's video. I really hope this a lot of people. It's a video that I've tried to make as clear as know about Binance. If this was helpful, don't forget to leave a like. It's help me a lot. If you're interested in cryptocurrencies, investments, and subscribe to the channel and turn on notifications. And that's it, I'm Adrián Sa and I'll notifications. And that's it, I'm Adrián Sa and I'll see you in the next video.