Why BTC is the most famous ?
Bitcoin (BTC) is a core asset on Binance, one of the largest cryptocurrency exchanges globally. It offers a wide range of features for trading and managing Bitcoin investments:
Buying and Trading: Users can buy BTC using fiat currencies or other cryptocurrencies. Binance supports various trading pairs involving BTC, such as BTC/USDT and BTC/ETH, allowing for flexible trading strategies
Spot and Futures Trading: Binance provides both spot and futures trading for Bitcoin. Spot trading involves buying or selling BTC directly at market prices, while futures contracts allow users to speculate on Bitcoin's future price movements .
Investment Options: Binance offers multiple avenues for earning passive income with BTC. Through programs like Simple Earn and DeFi Staking, users can deposit their Bitcoin to earn interest or stake it in decentralized finance projects .
Security and Storage: The platform emphasizes strong security measures, such as two-factor authentication (2FA) and cold storage solutions, to protect BTC holdings. Additionally, Binance's Trust Wallet supports Bitcoin for secure on-the-go management .
Additional Services: Binance's Convert feature simplifies quick BTC conversions, and the Binance OTC Portal allows large-volume trades without impacting the market price .