🔐 Binance Balance: How to Manage Your Account and Funds?

After starting trading on Binance, the most important thing is to understand and manage your balance properly. Binance's interface is filled with features, so it can be a bit confusing for new users.

In this article, we will understand the different parts of Binance balance and the right way to check them.

1. Different Parts of Binance Wallet (Types of Balance)

On Binance, your total balance is divided into different wallets:

* Spot Wallet: This is the balance you use for normal trading (buying/selling).

* Funding Wallet: When you buy or sell crypto through P2P (Peer-to-Peer), that balance shows up here.

* Futures Wallet: This balance is only used for "Futures Trading" (leverage trading).

* Earn Wallet: If you have placed your crypto in "Staking" or "Savings" to earn profits, it will show here.

2. How to Check Your Balance?

Follow these steps to check your balance:

* Log In: Log into your account on the Binance App or Website.

* Go to Wallet: Click on the 'Wallets' icon in the menu provided below.

* View Overview: In the 'Overview' tab, you will see your Total Balance (in BTC and USDT).

* Specific Detail: If you want to see how much of each coin you have, click on 'Spot'.

3. Why Does Balance Seem to Disappear? (Common Confusion)

Users often get worried about why their balance appears low. There can be 3 main reasons:

* Open Orders: If you have placed an order to sell a coin (Limit Order) and it hasn’t sold yet, that balance will not show in your 'Available' balance.

* Transfer: Your balance might be in the Funding wallet while you are checking in Spot. You can use the "Transfer" button to move them.

* Market Fluctuations: The value of crypto changes constantly, so your total balance (in USDT value) varies all the time.

4. Tips to Keep Your Account Safe

Security is as important as account balance:

* Enable 2FA: Keep Google Authenticator or Email/SMS verification mandatory.

* Beware of Phishing: Never click on any link that asks for your password.

* Whitelisting: Enable withdrawal address whitelisting so that no one else can withdraw your funds.

> Summary: Tracking your balance on Binance is easy if you use the 'Overview' tab. Always check which wallet (Spot, Funding, or Earn) your funds are in.#Mag7Earnings #Growyourinvestment #grow_more #USIranStandoff