From the moment you open an account on Binance, you have access to an infinite number of possibilities in the crypto universe. However, just like every time you start something new, things happen in stages and require some learning. 

You don't jump into a lake without first knowing how to swim!

In this article here on Blog, we will discuss what you need to do right after opening your Binance account to buy cryptos and trade with them, which are the two versions of the platform that we offer for this, the similarities and differences between them. 

With all this information, it will be much easier to know which one to choose. Let's go!

I opened the account, now what?

After opening your Binance account, you will need to complete identity verification. This verification basically serves two purposes: first, it allows Binance to verify your authenticity (to make sure that you are who you are) and adapt the offering of items to the set of rules of the country/region in which you are located, and second, it adjusts your situation according to the requirements of each location.

It seems that both things are the same, but the difference is the following: the first aspect relates to what Binance can offer in terms of services and, in the second part, are the requirements that must be met by demand from regulatory bodies of the different crypto markets around the world.

Without account verification, you cannot trade. So, you know: open your account, verify it!

I verified the account! What's next?

Once your account is verified, you will access an initial, more simplified version of Binance, which allows you to trade and buy cryptocurrencies using PIX, bank transfer and credit card. This version is called Binance Lite.

Anyone who opens an account and verifies it will be faced with Binance Lite as the default mode. There is therefore no way to “choose” to be in this model: just open your account and verify that access will be in exactly this view.

The Binance Lite interface is more user-friendly and features a basic dashboard for checking cryptocurrency prices. It is ideal for novice users or those looking for an easier and more intuitive way to buy and sell cryptocurrencies.

Ultimately, Binance Lite exists as a person's initial contact with crypto trading possibilities. If you are someone who wants to start an account activity on an exchange to understand a little more about this market, this initial version is more suitable for you.

Binance Pro: for those who already know more and demand more

Thinking about a scenario in which you already have some knowledge of the crypto universe, have already analyzed more advanced possibilities and want to carry out trades with greater complexity, there is Binance Pro.

Binance Pro is nothing more than an activation to be carried out within your Binance account (which, it is worth reinforcing, starts as standard in the Binance Lite model) to allow more specialized tools to be available.

This activation happens as follows: first, you check if the application is in the most up-to-date version - and you do this like this: click on the Profile icon, then click on Settings and then on About us. There you can find out if the version you have is the most up-to-date.

If you are using the most up-to-date version, simply click on the Profile icon and look for the Binance Pro item, with the icon that allows you to activate this mode. By clicking on this activation, you will already have access to the Binance Pro items.

Remember something important: the difference between Binance Lite and Binance Pro is in the tools available and their complexity; if you are at an early stage, learn how to use Binance Lite; if you have more advanced knowledge and want to perform more complex operations, activate Binance Pro.

Similarities and Differences Between Binance Lite and Binance Pro

In both cases, you need to verify your account before you can start trading and, after this verification, you can buy crypto by depositing funds into your wallet via PIX, bank transfer and credit card.

The difference begins in the views allowed between the two types: while in Binance Lite the cryptos are listed and a simplified view of graphs of each one you select is available, in Binance Pro more detailed data from the book of offers is available, in addition to advanced trading possibilities, such as margin trading.

While Binance Lite offers direct tokens, more specific details appear once you activate Binance Pro mode. In the initial model, you will find prices and a simplified history of these quotes, while in the more advanced model you will see direct purchase and sale information recorded and will be able to operate in a more complex way than simply buying or selling a crypto.

Visually, it’s even easier to understand the difference. The Binance Lite interface looks like this:

When it comes to Binance Pro, the information is much more detailed and so are the operating possibilities.

How do I know which model is best for me?

Now that you have learned the difference between Binance Lite and Binance Pro, all you need to do is do a brief, honest analysis of your profile as a person who deals with the crypto universe.

Are you curious to understand more about how trading works, but don't know what to do with very detailed information (or are you afraid of making a mistake)? Binance Lite is probably the best option for you.

Are you familiar with the crypto universe and would like to be able to perform more detailed trading operations, either because you have done so before or because you have more in-depth knowledge of how such transactions work? Binance Pro is probably the best option for you.

Whatever the case, know that it is always possible to learn a little more, for example with content here on the Blog or on Square. Being on Lite is not a demerit, migrating to Pro does not mean automatically gaining knowledge.

Knowing the potential of Binance Lite and Binance Pro, assess your level of knowledge and demand for your Binance account and then start trading!