To buy and sell cryptocurrencies on Binance as a beginner, follow these step-by-step instructions with practical examples:

Step 1: Create and Verify Your Account

1. Sign up on Binance:

Visit Binance.com.

Register with your email or phone number.

2. Complete KYC Verification:

Upload necessary documents (e.g., passport or ID card).

Verification increases withdrawal limits and ensures account security.

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Step 2: Deposit Funds

1. Option 1: Deposit Fiat Currency (e.g., USD, EUR):

Go to Wallet > Fiat and Spot > Deposit.

Select your currency, choose payment methods (e.g., bank transfer, credit card), and complete the deposit.

Example: Deposit $100 USD via a credit card.

2. Option 2: Deposit Crypto:

Transfer crypto from another wallet to your Binance account.

Copy your Binance wallet address and use it to transfer the funds.

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Step 3: Buy Cryptocurrency

1. Go to Markets or Trade > Spot.

2. Search for Your Pair:

If you want to buy Bitcoin with USD, search for BTC/USDT.

3. Choose Your Order Type:

Market Order: Buy instantly at the current market price.

Limit Order: Set a specific price you鈥檙e willing to pay.

Example:

BTC/USDT price is $27,000.

You place a market order to buy $50 worth of BTC.

Binance instantly calculates the amount of BTC based on your $50.

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Step 4: Sell Cryptocurrency

1. Go to Markets or Trade > Spot.

2. Search for the pair (e.g., BTC/USDT if you have BTC).

3. Choose Your Order Type:

Market Order: Sell instantly at the current price.

Limit Order: Set a price where you want to sell.

Example:

You have 0.002 BTC.

BTC/USDT price is $30,000.

You place a market order to sell 0.002 BTC.

Binance credits $60 (minus fees) to your account.

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Step 5: Withdraw Funds

1. To withdraw crypto, go to Wallet > Fiat and Spot > Withdraw.

Enter the recipient wallet address and select the network.

2. To withdraw fiat, go to Wallet > Fiat and Spot > Withdraw Fiat.

Choose a withdrawal method (e.g., bank transfer) and complete the process.

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Practical Example

Deposit: $100 USD via bank transfer.

Buy: Use $50 to buy ETH/USDT at market price.

Sell: When ETH price increases by 10%, sell ETH for USDT at market price.

Withdraw: Transfer profits to your bank account or external wallet.

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Tips for Beginners

1. Start with a small amount to learn the platform.

2. Use Market Orders for simplicity.

3. Always enable 2FA (Two-Factor Authentication) for security.

4. Understand Binance鈥檚 trading fees and limits before starting.

Would you like further guidance or visuals for these steps?

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