Welcome to the family. This guide will show you how to set everything up to get started.
Using BNB to pay for fees (Binance users only)
Make sure "Using BNB to pay for fees" is enabled and keep some BNB in your account.
How much BNB do I need to keep in my account?
0.1% of your trade amount. If you are making a $1000 trade, you must have $1 worth of BNB.
What happens if I don't use BNB?
Binance will take the fee from the coin you are trading, thus your stop-loss/take-profit orders will fail. If you set stop loss, take profit with the buy order using "Additional Options" or "Speed Trade", then your stop loss's amount will be equal your buy amount. If you don't use BNB, the fee will be deducted from your buy amount and the stop loss order will fail to execute because of insufficient balance(Order tries to sell 800 but you have 799 because you paid fees with it).
Setting up your exchange account