Just because you've deposited funds into Binance doesn't mean you can use them to place an order right away. Your Spot and Futures accounts are separate. You might see funds in your total assets, but then get an "insufficient balance" message when you try to trade—chances are, your funds are in the wrong account.
For example, if you want to buy $BTC on the Spot market, first make sure your USDT is in your Spot account. If you want to open a Futures position, you'll need to transfer your funds to your USDⓈ-M Futures account first; otherwise, you won't be able to place an order. After selling, if you want to withdraw your funds, you'll need to transfer them back to an account that supports withdrawals. The same goes for buying $ETH—first make sure your funds are in the right account.
Before trading from a different account, I always check the transfer options first to avoid any frustration.
#新手科普 #BinanceSquare
For example, if you want to buy $BTC on the Spot market, first make sure your USDT is in your Spot account. If you want to open a Futures position, you'll need to transfer your funds to your USDⓈ-M Futures account first; otherwise, you won't be able to place an order. After selling, if you want to withdraw your funds, you'll need to transfer them back to an account that supports withdrawals. The same goes for buying $ETH—first make sure your funds are in the right account.
Before trading from a different account, I always check the transfer options first to avoid any frustration.
#新手科普 #BinanceSquare