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Complete Binance Trading Tutorial 2026 | Step by Step for Beginners

0h 19m video Published Feb 22, 2023 Transcribed Jul 17, 2026 E ERIKA ESPINAL
Beginner 5 min read For: Complete beginners interested in cryptocurrency trading, especially spot trading on Binance.
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AI Summary

This video provides a step-by-step guide to cryptocurrency spot trading on Binance, covering the basics of supply and demand, order types, and risk management for beginners. The presenter emphasizes starting with small amounts to overcome fear and gradually building skills before moving to advanced trading.

[00:02]
Introduction to Trading

Trading works on supply and demand; the crypto market operates 24/7. Spot trading is recommended for beginners as it involves directly owning the asset.

[02:45]
Choosing Binance

Binance is the largest exchange by volume, offering many cryptocurrencies. Use the provided link for a 20% commission discount and $300 cashback.

[03:52]
Risk Warning

Trading carries risk of losing all capital, especially in futures. Only use money you can afford to lose, and start with $20-$40 for practice.

[05:13]
Spot vs Futures

Spot trading: you own the cryptocurrency directly. Futures: you speculate on price without owning the asset.

[06:44]
Market Order

Market order buys/sells instantly at current price. Minimum order is $10. Example: buying $15 of MATIC.

[08:55]
Limit Order

Limit order sets a specific price to buy/sell. It executes automatically when the market reaches that price. Useful for buying cheaper or selling higher.

[11:55]
Stop-Limit Order

Stop-limit order triggers a limit order when a certain price is reached. Used to catch breakouts or protect against drops.

[15:47]
OCO Order

OCO (One Cancels Other) order is more advanced, combining two orders. A separate video explains its use.

Start with small amounts in spot trading to build confidence, then explore advanced orders and futures. Always manage risk and never invest money you cannot afford to lose.

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"Title accurately promises a complete Binance tutorial for beginners; the video delivers step-by-step instructions."

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Tutorial Checklist

1 02:45 Create a Binance account using the provided link to get a 20% commission discount and $300 cashback.
2 04:21 Deposit a small amount ($20-$40) to practice spot trading.
3 05:13 Navigate to the trading section and select 'Spot'.
4 06:44 Use a Market order to buy or sell instantly at current price. Enter amount (minimum $10) and click Buy/Sell.
5 08:55 Use a Limit order to set a specific buy/sell price. Enter price and quantity, then place order.
6 11:55 Use a Stop-Limit order to trigger a limit order when price reaches a trigger. Set trigger price, limit price, and quantity.
7 15:47 Optionally explore OCO orders for advanced strategies (refer to separate video).

Study Flashcards (6)

What is the minimum amount for a market order on Binance?

easy Click to reveal answer

$10

07:22

What is the difference between spot and futures trading?

medium Click to reveal answer

In spot trading, you own the cryptocurrency directly. In futures, you speculate on price without owning the asset.

05:37

What is a limit order?

easy Click to reveal answer

An order to buy or sell at a specific price; it executes automatically when the market reaches that price.

08:55

What is a stop-limit order used for?

medium Click to reveal answer

To trigger a limit order when a certain price is reached, often used to catch breakouts or protect against drops.

11:55

What is the recommended starting amount for practice?

easy Click to reveal answer

$20 to $40

04:21

What does OCO stand for?

hard Click to reveal answer

One Cancels Other

15:47

💡 Key Takeaways

⚖️

Risk Warning

Emphasizes that trading can lead to total loss of capital, a crucial principle for beginners.

03:52
🔧

Start Small

Practical advice to use small amounts to overcome fear and learn without significant loss.

04:21
📊

Spot vs Futures

Clear distinction between owning assets and speculating, fundamental for new traders.

05:37
🔧

Limit Order Strategy

Explains how to buy cheaper or sell higher using limit orders, a key trading technique.

08:55

✂️ Creator Tools: Viral Hooks

AI-generated clip ideas for Shorts based on the transcript

Spot vs Futures Trading Explained

56s

Clearly contrasts the lower risk of spot trading with the higher risk of futures, a key decision point for beginners.

▶ Play Clip

Start with $20: Overcome Fear

46s

Relatable advice on using small money to practice and conquer the fear of losing, appealing to risk-averse new traders.

▶ Play Clip

Market vs Limit Orders in 60s

50s

Quick, visual breakdown of two essential order types, making complex trading concepts easy to understand.

▶ Play Clip

Stop-Limit Order: Catch Breakouts

50s

Reveals a pro strategy to profit from price surges without constant monitoring, sparking curiosity and action.

▶ Play Clip

[00:02] cryptocurrency market and want to know step-by-step how to start going to explain in a very simple way those steps that people forget and skip, without telling you how it really

[00:16] works. What if it's all being explained in a completely different language, like Chinese, and you don't understand anything? Do n't worry, it will all be perfectly clear by the end of today's video. So,

[00:28] if you really want to understand, this will be the only video you need to watch on the subject. It will cover all the details that other videos don't tell you, and you'll find everything here, step by step. Hello!

[00:40] subscribed to the channel yet, I invite you to do so. Like, subscribe, and miss any of my upcoming videos. I'm uploading money in the cryptocurrency market and achieve a

[00:55] better quality of life and financial independence join our Signals channel on Telegram where we

[01:09] share opportunities you can directly use to make know you want to make money in the short term, so go to the link I've left below and take advantage of it so you can join every time we send out these free signals.

[01:22] There are many people making money with the signals we send. Obviously, this isn't investment advice or a recommendation that interested in practicing, then you can join this channel, which I've linked

[01:35] begin, let's talk about what trading is and how it really works. Trading works primarily with supply and demand. To put it simply, people are buying, people are

[01:50] selling, and these buy and sell transactions are happening all the time in the market. The crypto market operates 24/7, meaning every markets that only work on weekdays, such as

[02:03] the Forex market. Today, we're going to look at spot trading, which, as I mentioned, is the least... The riskiest option is to secure your money better. If you don't want to lose it, you need to improve your spot trading skills to get started. That's what

[02:16] I advise. Once you have a basic understanding of spot trading, you can move on to futures trading if you want to take a bit more risk. I'll explain the difference between the two and

[02:31] futures trading, I'll leave a video above where I explain everything from scratch what futures are and how you can trade them. Everything you need to know is in that video.

[02:45] do it directly on Vainas, the platform I use. It's the largest in the world, handling the most volume, and you'll find a huge number of cryptocurrencies to trade.

[02:59] Most cryptocurrencies are available on this exchange. To trade, you'll need to create an account on Vainas. That's the first step. If you don't the description so you can join, create your account, and

[03:12] video explaining it from scratch. So you can do the complete tutorial, and by using this link you'll receive a 20% discount on commissions immediately every time you trade in this part of the trading, including futures. And of

[03:27] course, you have $300 in cashback for completing some tasks, as I'll explain directly. I'll also give you the video there on how to collect that $300 in cashback and how to use it. You'll

[03:40] benefit just by using that link, so come and register with Escenas, and you'll also be supporting us here on the channel. It's important before you start trading and learn everything you're going to learn that there's an inherent risk in

[03:52] trading. What does this mean? It means that you run the risk of losing all your especially in futures trading. In spot trading, you have less risk; I 'll explain why now. But that risk is always there, and never put

[04:06] money you need immediately, like to pay rent. Always use money you don't need and that you can use to learn. you can use to learn.

[04:21] small amount, $20, $30, $40, to practice, master it, and gain confidence. Because I know that at first you're afraid of losing money, and invest it because you don't know how it works. So, I recommend that you start by

[04:35] using a small amount, $30, $20, $40, so you can practice. What worked for me

[04:47] when I started, when I was also afraid, was that I told myself, " This money is for practicing. I imagine that I'm investing this money imagine it as money that I'm investing and that if I lose it,

[05:01] investing a small amount of money that I do n't care about losing, the fear goes away, and I can practice and do better. So, that's what I can recommend to you too; it can work quite well. Let's go

[05:13] directly to the trading section. To trade here, in the trading section, trade here, in the trading section, we click, and then we go to spot, day. Today, remember that if you want to learn about futures, you have the video

[05:25] above so you can watch it completely from scratch. How is it done? So futures trading. In buy the cryptocurrency directly. We own the currency

[05:37] directly and we can withdraw it, transfer it. We own this crypto asset. If you buy the cryptocurrency directly, it affects us because we own that currency, and if it goes up, it also affects us positively because

[05:50] we own it. Regardless of whether it goes up or down, we will benefit or lose money directly with the currency. In the case of directly with the currency. In the case of futures trading, you are predicting the

[06:04] price that the currency will reach. You don't directly own the currency; you are simply speculating. If that asset goes down, it doesn't affect you; if it goes up, it doesn't affect you either, because you're not buying it; you're simply speculating. And

[06:17] if you believe that, for example, Bitcoin is going to go up to this price, and it goes up, then you win in dollars or in the currency if you are doing futures trading with currencies. And if you made the prediction that Bitcoin was going to fall, and it fell close to that

[06:30] price or fell The same price, so you'll be a winner, but you don't difference between the two. Let's go to spot trading. For that, we click here on trading and then click here where it says spot. Okay, so here we have

[06:44] different types of orders we can trade with. There's the Market option, which is the simplest. I see this price here, and I can immediately buy or sell the cryptocurrency, whatever I'm

[06:57] interested in, at the price it's showing right now. The market price means it's practically automatic. If I'm interested in buying Matic right now, I can click here and enter the amount in dollars or USDT that I want to

[07:10] buy. Or I could also drag Or I could also drag this part directly to choose the percentage of what I have to buy it. The minimum to buy right now

[07:22] is $10, for example. I couldn't buy less than $10 or USDT minimum of $10 to buy, and for selling, you also need a So, keep that in mind, guys. Okay, so here, if I wanted to

[07:40] you how it's done. In this example, with the minimum amount, I'm going to buy $15 so I can sell it later when it's easier. I'll click on "buy" and you'll see how it's executed immediately. Look, the buy order has already been placed and completed instantly.

[07:54] It's super fast. We're down here in the order history, and you'll see that the order has already been executed, and I can see everything related to that order. And then, if I

[08:11] want to sell on the market, imagine that right now Mati has gone up to $1.75, and I want to make that difference, well, I simply come here to that price. And if it were here in the market right now at $1.75,

[08:26] because I know I'm in profit, then I go here and I can enter the percentage of what I want to sell, or I can directly enter the amount of Mati I want to sell. So, it's super simple. Let's do the

[08:40] sale right away so you can see how it's done. We click here on "sell," and done. We click here on "sell," and the order is completed. So, it's super easy. You can see this is immediate. Now, what happens if I want to buy the

[08:55] currency much cheaper? What I recommend is using a limit order, and that order is executed almost automatically. You can go to the movie, do things at home, whatever, go to the bank, run an

[09:10] errand, whatever you want. It executes automatically at the price you specified, if the market actually reaches that price. So, what are you going to do? You're going to place a

[09:22] cheaper order. Depending on whether you've already done a technical analysis, you can come here and place the order much cheaper, at the n't know how, and you want to buy a little cheaper, well,

[09:36] here with the 4-hour chart, you can see the closest the price has fallen, and you could buy, for example, here at 1.47. If you want to buy even cheaper, but you'd have to wait a little

[09:51] longer, you could place an order here at 1.15. Okay, so that's an option. You can also change it. With the one-day timeframe, you can see how much a price has fallen and, by looking at it closer to the current price,

[10:08] how much it could fall. We see here that it could fall to 1.13. So this would be an option where you can see, we can put it here in the

[10:20] original option, and there you could see, for example, that it has fallen to 1.13 and here to 0.72. But for it to fall there, it will take a long time because, as you can see, that 's very far from the price. If we want to buy closer, well, it would be around here, the

[10:35] minimum it has fallen to, okay, 1.14. If we want to wait a little longer, well, it would be around we want to wait a little longer, well, it would be around here to 0.95 to see if it falls at some faster, here would be the option. Let's say we wanted to buy cheaper at

[10:49] 1.15, well, we would simply place the order here. We would put the price here, which we can determine. At what price do we want to buy? And here we put the quantity we want to buy directly, or we write either the

[11:03] amount in Matic or below, the amount in dollars, in USDT. Let's say we price of one point fifteen, we click here on buy and the order is automatically placed.

[11:21] you will be able to see your Matics that are in that order. When it reaches 1.15 it will be executed automatically. The same if we wanted to sell, we do the same thing. We put here the price we want to sell at, let's say we want to sell at

[11:39] $2, right? Then we put here the amount of Matics we want to sell and we the same as what we just did. Here is the side for selling and this side is always for buying, and those would be the options

[11:55] you would use most often. We also have the stop limit option which will also work quite well for you, and this is practically used thinking about the buying side. If we think that the price of Matics is going to shoot up after it

[12:10] reaches a specific price and we don't want to miss that because it will leave us out, then we use this part of the buy with stop limit. Let's say if we think that after Matics reaches

[12:24] Matics reaches 1.60, for example, it is going to We want to see it hit two and a half dollars, and we don't want to miss that opportunity. So, we can place the trigger here, the trigger that sends the

[12:38] order to appear in the order book. We'll put 1.60 in the buy section, and here we put the price at which

[12:50] the purchase will actually be made, which could be a little later, say 1.65, to make sure it actually broke through the price and went up, and not that it's going to high and getting stuck there. So, here we put the amount we

[13:05] want to buy, either Matic or USDT, and we click buy. Here it and we click buy. Here it tells us to confirm. We confirm, and the order has been placed. And if we go here, as you can see, it appears differently; it doesn't

[13:20] show a condition: if it reaches 1.60, then it will be bought at 1.60, then it will be bought at 1.65, a little higher. But this if it goes past that price, according to our analysis, it will continue to

[13:37] two or two and a half dollars, and we want to take advantage of this. We use this when we want to take advantage of a coin breaking through its price and about to shoot upwards and continue that upward trajectory. I'm not going to cancel it here with this

[13:53] trash can icon. We cancel it in the opposite case, if we believe a cryptocurrency is going to fall, that it's going to drop sharply, and we want to control it, right? So in this case, if we think that when Matic falls, let's say, from the

[14:07] price we bought it for, we want to sell it at the price we bought it for, we want to sell it at the price we bought it for, we directly place this sell order. Okay, so here, for example, imagine we bought at 1.13 and

[14:20] imagine we bought at 1.13 and we want it to fall to around 0.74 and we don't want to lose all that, we simply place an order here. We also put the trigger where the order will be placed here in the order book,

[14:35] the order will be placed here in the order book, which would be 1.15, and we're going to sell which would be 1.15, and we're going to sell a little lower, which would be at 1.13, okay, which was the amount we bought. And here we put the amount of the coin we

[14:48] want to sell, or directly here in USDT, and we click sell. Here it also confirms the amount, and we click on... Confirm and that's it, the order has been created. If we go here, we see that it appears with the

[15:02] condition: if it falls to 1.15 (in this case, Matic), we will be selling 1.13, which n't be losing anything at all. So, we protect the investment this way directly, in case we're not interested in

[15:18] and simply want to trade it. Also, if you're willing to lose a little more, a percentage, 5% for example, because it could also come down to 1.3 and then go back up, and you do

[15:32] n't want to miss that rise, you want to be sure, then you lose 5% directly, depending on whether it goes down a little lower, and that way you make sure that it really will go down and not go back up. Well, those would be

[15:47] the basic parts that you would be using to trade. using to trade. Here you also have the OCO order, which is another type of order, a little more advanced. If you're really interested in how to

[16:00] trade with strategies using the OCO order, I'll leave another video up here for you. I'd like you to watch it completely, or I can show you how to use these types of orders so you can trade. So go watch this video.

[16:13] Everything you need to learn to use right now, as a beginner, to start trading is very simple and straightforward. advance a little further, there's the OCO order and the futures train. I'm

[16:28] in the description so you can go and watch them. That's all you have to do to trade spot positions. As you can see, it's very easy to do. Use a small amount of money to get over your fear, like $20 or

[16:42] $30. Once you master it, you can place more. Don't use money you even lose. I always tell you, you can lose money in the $30 position. Remember that I'm leaving the links below to all the videos I mentioned, as well as

[16:55] our Telegram channel so you can join. We also have our offer you the opportunity to learn to trade from scratch with live classes every day. Monday

[17:07] with our trader Camilo, who will teach you perfectly so you can master it and be profitable from scratch. If futures trading, we have a course where we can teach you how to

[17:19] generate income. We also have a futures signals trading channel, which I'll leave here in the description. Leave your comments and recommendations for my next videos. I'd love to read them and see what you want to tell me and what you'd like to see in

[17:32] future videos. That's all for today. See you next time! Let's make money! And that's all for today. If you liked this video, remember to subscribe and activate notifications

[17:44] so you don't miss any of my upcoming videos. I'm uploading a new video every day to bring you valuable information and help you make cryptocurrency market. You'll also be notified every time I upload a new video.

[17:57] Follow me on my Twitter account @Erikaspnl because I'm posting market updates and news there that you wo n't want to miss, so you can stay up-to- date. Also, follow me on my Instagram account for lots of information.

[18:11] You'll find value here. Follow me at @coachunderschool ( underscore) Erika Espinal. You can also find me on TikTok to stay up-to-date on in the market, as well as content to learn how to invest in

[18:25] cryptocurrencies on MercadoLibre. It's very simple and easy to understand. If you can't find me on my YouTube channel, you can follow my podcast, Mundo Crypto, and listen on your favorite podcast platform. We're on Ivoox, Apple Podcasts, and Spotify. I

[18:39] 'm uploading valuable information for you, so subscribe so you don't miss out. I also invite you to join our Telegram community. I'll leave the link in the description, where you'll

[18:51] community, all growing together. And if you want to take it to the next level and learn the fundamentals of Bitcoin, I recommend my book, Bitcoin: The Money Trail. You can get it on Amazon; I'll leave the link in the description. It arrives

[19:05] in physical format, depending on the country. Or you can also get it digitally. Don't forget to leave your comments and suggestions for future videos. suggestions for future videos. See you next time, let's make money!

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