#Concise guide to make money on Binance

1. Spot Trading

What It Is: Buying and selling cryptocurrencies at current market prices to profit from price fluctuations.

How to Do It:

Create and verify a Binance account, complete KYC (Know Your Customer) requirements, and deposit funds (fiat or crypto).

Use Binance’s spot trading interface (Basic, Classic, or Advanced) to buy low and sell high.

Utilize limit orders to set specific buy/sell prices or market orders for immediate trades.

Tips:

Start with small amounts (e.g., $10–$100) to minimize risk.

Learn basic technical analysis (e.g., candlestick charts, support/resistance levels) via Binance Academy.

Use stop-loss orders to manage risk.

Risks:

High volatility can lead to losses. Avoid emotional trading and over-leveraging small accounts.