Understanding the Binance interface And Other ways to make money in Binance

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Binance is the world's largest cryptocurrency exchange that provides a platform for trading various cryptocurrencies.

I will be giving detailed explanation about the binance interface and other ways to make money in binance. I will focus on the important things we need.

HOME PAGE

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If you look at the button of this picture I just uploaded you would see the home, market, trade, futures and wallet icons.

They all have different functions which I will be writing on soon, let finish with the Home page when you scroll to the button of the home page, you will see the Ranking list(Hot | Gainers | Losers | 24vol).

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When click on Gainers you see the top gainers (coins) in the last 24 hours, Losers the top losers (coins) in the last 24 hours.

MARKET

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Under market at top your will see Spot, Futures & Zones, it has the search 🔎 box where you can search for any coin listed on binance. Let me explain spot and futures trading.

1. Spot Trading:
   Spot Trading is more or less like an investment and you don't lose in spot's trading except you close or sell at loss(when you place a trade and it starts to dip then you go and close your trade below your entry price). I will explain how to trade stop trading in my next post.

2. Futures Trading:
   Futures Trading is more or less like you are predicting the future price of a coin, you can lose your money in futures trading if your prediction is wrong.

TRADES
Is where you place your trades, and you can also see your pending orders on spot's trading.

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FUTURES
Where you place your trades on futures, set your take profit (tp) and stop loss( sl) and Adjust your leverage.

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WALLET
Under Overview you see your total portfolio, the total money you have in wallet (Spot, Futures, P2P(peer- 2- peer), Stock and Margin).

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Spot wallet
Here you will see your portfolio for spot trading and the coin's you are holding.

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OTHER WAYS TO MAKE MONEY IN BINANCE
Here are other ways to make money on binance:

1. P2P (peer-2-peer) Trading: Is a decentralized platform whereby two individuals interact directly with each other, without intermediation by a third party. Instead, the buyer and the seller transact directly with each other via the P2P service. The P2P platform may provide services such as search, screening, rating, payment processing, or escrow.Source, I will make a post on how to do this perfectly.

2. STAKING: staking means you investmenting in a project (coin) and you be given a particular percentage reward in another coin or in that same coin.

3. POOL: laugh pool also called Farming means you are investmenting in an oncoming project (coin) and you be given a reward in that oncoming coin after the farming is down, like you stake BNB and be paid is Alice(the oncoming project).

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In my oncoming posts I will give detailed explanation on how trade Spot and P2P.