How to Trade on Binance: Buy and Sell Cryptocurrency Step by Step

[00:02] today's video, we'll explain how to trade instantly on the Binance platform step-by-step using your phone. I want to tell you that it's very easy. The most important thing is to pay attention until the end of the video, so grab your coffee and let's get started. First, open the Binance app and log in to your account. If you don't have an

[00:15] account, you can register using the link in the video description below, and you'll get a 20% lifetime discount on platform fees. Then, click on " Wallet" at the bottom left. Here in your wallet, you can see your balance and where it's located—whether it's

[00:28] located—whether it's because when you deposit USD using the

[00:40] P2P or P2P feature, your USD funds go into your fund wallet, not your instant wallet. So, you'll want to transfer them from your fund wallet. To start trading, if your funds are in your funding wallet, you'll need to transfer them to your instant wallet by clicking the "

[00:53] Transfer" button that appears on the instant wallet page. Then, click here to transfer USDT from funding to instant wallet. If USDT isn't listed, click on it and select it from the menu.

[01:08] Enter the amount and click "Confirm Transfer." The funds will then be in your instant wallet, and you can start trading. Simply click on "Markets" here. This will open a page where you can choose the currency to

[01:22] generate USDT. This currency is your existing funds in the wallet. You can select the currency here, or click the search box at the top here and type the name of the currency you want to trade. For example, I'll search for Bitcoin or BTC and

[01:38] select it. It must be against USD. After clicking on USDT, this page will appear. Here you'll find all the data and information related to Bitcoin to help you with trading. To trade, scroll down and click on " Buy." This will open another page where you can

[01:54] buy Bitcoin or BTC using your USDT. This page offers several ways to buy Bitcoin. For example, clicking here will bring up a menu with several options. The first option is "Limit." Choosing this

[02:10] means you must specify the Bitcoin price at which you will buy. It's like placing an order; you tell the system to execute the buy order when the Bitcoin price reaches, say, 27,000. Here, you enter the amount you want to buy BTC with, for example,

[02:26] BTC with, for example, $100, $50, or even $10 (the minimum trade amount). Once you enter the amount, it will automatically tell you how much Bitcoin it's worth. Then you click... Buy BTC (BTC stands for

[02:40] Bitcoin). After that, you'll find the order listed under "Open Orders." You can cancel it from there if you wish, but if you leave it, the order will remain until the Bitcoin price reaches your specified price. Regardless of how long the order remains open, you wo

[02:55] n't incur any fees until it's executed. Once the order reaches your specified price, it will automatically execute, and the Bitcoin you purchased will be in your instant wallet. However, as long as Bitcoin hasn't reached your specified price, the

[03:08] order won't be executed, and your USDT will remain in your wallet. If the order is executed, you'll then own Bitcoin instead of USDT because the order will have been fulfilled. In the middle of the video, I'd like to ask you to subscribe to the channel and like the video so it reaches as many

[03:22] people as possible and everyone can benefit. The second option on the list is the market, where you buy Bitcoin at the current market price. All you have to do is place the order here, specifying the amount you want to buy, and it will buy instantly at the current market price within a

[03:36] second of clicking "Buy BTC." The Bitcoin will then be added to your wallet immediately. When selling, you sell the coins you own, either part of them or all of them, depending on your preference. For example, if I have Bitcoin and want to sell it,

[03:52] I would select Bitcoin for USDT and, instead of clicking "Buy," I would click "Sell." The same page would appear as when I was buying, but here I am selling. I've selected a limit from the list. You can sell at the market price, but I will use the limit and specify the price at which I want to sell,

[04:08] for example, when Bitcoin reaches 30,000 or 35,000, depending on what will generate a profit for me. This would be, for example, 25% of my Bitcoin. Note that here I can choose the

[04:20] percentage of my Bitcoin that I want to sell. The option to sell without specifying the exact amount makes it The option to sell without specifying the exact amount makes it much easier. The percentages in this field are 25%, 50%, 75%, or even 100% of the amount of

[04:35] Bitcoin you own. You can also enter the amount of Bitcoin you want to sell, such as $50 or $100, depending on how much you want to sell. Then, click "Sell BTC," and the order will be placed and will remain open until the Bitcoin price reaches your

[04:49] specified price and then automatically closes. Once the funds are transferred from USDT, they will be immediately deposited into your wallet. That concludes the explanation of the entire process. If you have any questions, please write them forget to subscribe to the channel to see previous and

[05:04] see previous and upcoming videos. Peace.