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Difference between Currency Exchange and Spot Trading on Binance for Beginners:
If you are new to cryptocurrency and want to understand the difference between currency conversion and spot trading on Binance, here is a simple explanation:
1. Currency conversion #convert
What is it?
A conversion is a straightforward process where one cryptocurrency is exchanged for another instantly without getting into market details or trading fees.
How does it work?
On Binance, you can choose the currency you want to convert from and the currency you want to convert to. Once you enter the required amount, the conversion value will be displayed, and you click “Confirm” to complete the process.
1. Currency conversion #convert
What is it?
A conversion is a straightforward process where one cryptocurrency is exchanged for another instantly without getting into market details or trading fees.
How does it work?
On Binance, you can choose the currency you want to convert from and the currency you want to convert to. Once you enter the required amount, the conversion value will be displayed, and you click “Confirm” to complete the process.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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