Week 2 Red Packet Quiz from the Binance Academy Product Guides 👇

💬 What is the primary benefit of using Binance Convert over traditional trading?

A) It requires advanced trading knowledge to execute trades.

B) It provides complex trading strategies for experienced users.

C) It offers instant transactions without the need to navigate order books or set limits.

D) It limits the range of cryptocurrencies available for trading.

Week 1 Red Packet Quiz from the Binance Academy Product Guides 👇

💬 What is the primary difference between spot trading and margin trading?

A) Spot trading involves the use of leverage, while margin trading does not.

B) Spot trading requires the full purchase of assets with immediate delivery, while margin trading allows borrowing funds for larger positions.

C) Spot trading only occurs in cryptocurrency markets, while margin trading occurs in all financial markets.

D) Spot trading relies on future contracts, while margin trading relies on current market prices.