Here are the basic steps:
1. Account Registration and Verification
Go to binance.com and create an account by providing your email, phone number and setting up a password.
Complete the identity verification (KYC) process as this increases account security and allows for more features and transaction limits.
2. Deposit of Funds
After verifying your account, you can deposit funds in two main forms: cryptocurrencies or fiat currency (such as BRL).
For fiat currency, Binance offers several payment methods, such as bank transfer or credit card (check the associated fees).
For cryptocurrencies, transfer from an external wallet to Binance using the provided Binance wallet address.
3. Know the Types of Trade
Spot: Buying and selling cryptocurrencies on the spot, where you own the coins.
Futures: Contracts to buy or sell cryptocurrencies on a future date, with the possibility of leverage (requires experience, as it involves more risk).
P2P: Direct buying and selling between users, where you choose the seller/buyer.
Staking and Earn: Alternatives for investing in cryptocurrencies and earning income, which can be interesting for a more passive approach.
4. Market Study and Analysis
Learn about technical analysis (using charts and indicators) and fundamental analysis (factors that influence the market).
Start with low amounts to practice and understand how the trading tools work, avoiding committing large amounts right at the beginning.
5. Start the First Operations
In Spot mode, you can place a buy or sell market order (current price) or a limit order (a specific price).
In Futures, it is important to set leverage carefully, as although it increases potential gains, it also amplifies losses.
6. Use Risk Management Tools
Stop-Loss and Take-Profit: Set prices to limit losses and secure profits automatically.
Diversification: Avoid putting all your capital into a single cryptocurrency.
Capital Control: Invest a portion of your capital to reduce the impact of potential losses.
7. Stay Updated
Follow market news, regulatory updates, and economic changes that may impact the price of cryptocurrencies.
Consider taking courses and learning more about the cryptocurrency market and trading strategies.
This structure helps you gain experience and learn how the market behaves, but it is important to remember that trading is risky and requires practice and study.