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Binance Keywords and Their Meanings: Trading Terms

The document provides definitions for various trading, wallet, market, general, and security terms related to Binance. Key terms include Spot, Margin, Futures, KYC, and 2FA, among others, which are essential for understanding cryptocurrency trading and security measures. This glossary serves as a quick reference for users engaging in crypto transactions on the Binance platform.

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241 views2 pages

Binance Keywords and Their Meanings: Trading Terms

The document provides definitions for various trading, wallet, market, general, and security terms related to Binance. Key terms include Spot, Margin, Futures, KYC, and 2FA, among others, which are essential for understanding cryptocurrency trading and security measures. This glossary serves as a quick reference for users engaging in crypto transactions on the Binance platform.

Uploaded by

m.zain151139
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Binance Keywords and Their Meanings

Trading Terms

Spot: Buying or selling crypto instantly at current market price.


Margin: Borrowing funds to trade more than your balance (high risk).
Futures: Agreements to buy/sell crypto at a future date for a set price.
Leverage: Trading with borrowed money (e.g. 10x leverage = 10x your balance).
Market Order: Buys/sells immediately at the best available price.
Limit Order: Buys/sells only when a set price is reached.
Stop-Limit Order: An order triggered only when price hits a certain level, then places a limit order.
Stop-Market Order: An order triggered at a certain price, executed at market price.
Take Profit: Automatically closes your trade when a profit target is reached.
Stop Loss: Automatically closes your trade when a loss limit is reached.

Wallet & Funds

Fiat: Government-issued money (e.g. PKR, USD).


Crypto: Digital currency (e.g. BTC, ETH).
Wallet: Where your assets are stored on Binance.
Spot Wallet: Holds crypto for regular trading.
Funding Wallet: Used for P2P and Binance Pay transactions.
Margin Wallet: Holds funds used for margin trading.
Futures Wallet: Holds assets for futures trading.
Earn Wallet: Holds assets used in staking, savings, etc.
Transfer: Move crypto between wallets (e.g. Spot to Futures).

Market & Price Terms

Order Book: List of buy and sell orders in the market.


Ask Price: Lowest price a seller is willing to accept.
Bid Price: Highest price a buyer is willing to pay.
Spread: Difference between bid and ask price.
Volume: Total quantity of a coin traded in a given time.
Liquidity: How easily an asset can be bought/sold without affecting price.
Slippage: Difference between expected and executed price due to market changes.
Volatility: How much and how fast the price of a coin changes.

General Terms

KYC: Know Your Customer - identity verification process.


P2P: Peer-to-Peer trading (buying/selling directly with others).
Staking: Locking your crypto to earn rewards.
Airdrop: Free crypto given by projects to users.
Token: A crypto asset built on another blockchain (e.g. SHIB is on Ethereum).
Coin: Native cryptocurrency of its own blockchain (e.g. BTC, ETH).
Gas Fee: Transaction fee for moving crypto on a blockchain.
Burn: Destroying coins to reduce supply and increase value.
Liquidity Pool: Funds locked in DeFi used to enable trading on DEXs.
APY: Annual Percentage Yield - interest earned in a year.
ROI: Return on Investment - profit made compared to money invested.
ATH: All-Time High - the highest price a coin has ever reached.
ATL: All-Time Low - the lowest price a coin has ever reached.

Security Terms

2FA: Two-Factor Authentication - extra layer of login security.


Whitelist: A list of allowed wallet addresses for withdrawals.
Anti-Phishing Code: A code shown in Binance emails to confirm the message is legit.

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