TL;DR

Binance Lite is a simplified version of the Binance app. The purpose of this app is to make buying and selling cryptocurrencies easier for new users and traders. On Binance Lite, you can check prices of the most popular cryptocurrencies, make purchases, check your wallet balance, or sign up for Binance Earn products in just a few steps.

Note that you can access the Binance Lite feature within the Binance app. No need to download another app. If you can't find the feature, check if your Binance app needs updating.

Introduction

As the crypto sector continues to grow in popularity, the sheer number of exchanges and trading tools can leave new users confused. To make it easier to purchase bitcoins and other popular cryptocurrencies, Binance has introduced a simplified version of the Binance app called Binance Lite. This function is now available to most Binance users.

What is Binance Lite?

Binance Lite is a simplified version of the Binance app. It offers an intuitive interface with less information on the app's home page. When opening the app, users will only see the basic features. Lite mode is the perfect choice for crypto beginners and new Binance users. Additionally, if you are using an older mobile device or a limited internet connection, Binance Lite may offer better performance than the classic Pro version.

Currently, Binance Lite is the default interface when users open the Binance app for the first time. You can easily switch between Lite and Pro modes according to your trading preferences and needs. To change the app mode, tap the profile icon in the top left corner and use the [Binance Lite] button.

Binance Lite has improved usability compared to Binance Pro, making navigation easier for new users. In the Lite version, users will only see the prices of the most popular cryptocurrencies on the home page, along with a green or red line representing the price trend, over a certain period of time. Despite the simplified interface, users still have the option to classify coins according to popularity, market value, price and 24-hour change. They can also tap on a specific currency to check its price trend on a simplified candlestick chart. The chart can be customized to display the trend over different time periods. Other information and news about the coin is included at the bottom.

Users can buy cryptocurrencies in just a few steps on Binance Lite. Just select the [Trade] button on the currency page. Select the fiat currency, enter the purchase amount and choose the payment method to confirm the order. Now the purchased cryptocurrency can be viewed in the wallet. The same goes for selling cryptocurrencies. Tap [Sell] in the top right corner or use the [Convert] function to convert between different currencies.

In addition to basic trading functions, Binance Lite offers other Binance Earn products so that users can increase their cryptocurrency wealth. Binance Earn is similar to a savings account, users can enroll idle balances in BNB Vault or Flexible Savings and receive stable returns. Earn products are flexible. Users can deposit funds, earn interest and redeem them at any time without paying transaction fees.

To subscribe to Binance Earn products, tap Earn on the app's home page. Users can see all available coins and their estimated yield (APY).

For more information about Binance Lite, check out this guide: Guide to Buying and Selling Cryptocurrencies on Binance Lite.

What is the difference between the Binance Lite and Binance Pro apps?

As mentioned, Binance Lite mode is the default for all first-time users. It is easier to use for cryptocurrency trading beginners, allowing them to quickly check prices and make purchases from the homepage dashboard.

Despite having the more complex product functions removed from Lite mode, the most frequently used key features can be easily accessed in the navigation bar at the bottom. The user can select the central yellow icon to buy, sell or convert cryptocurrencies. He can also tap the portfolio icon to check the portfolio balance, asset allocation, and portfolio value.

Binance Lite is suitable for users who are new to cryptocurrency trading, while Binance Pro offers versatile features that meet the needs of professional traders, with Futures Trading, Options Trading and Margin Trading features. The trading interface in the Pro version is more robust and offers advanced charting tools and order types. In addition to the more sophisticated interface, users can trade on Binance P2P with other users and increase their crypto assets with the various staking plans available on Binance Earn.

Final considerations

If you are an active or experienced trader, the Pro version may be the best choice as it provides more features and trading tools for you to take advantage of the various products and services offered by Binance. If you're new to the industry and looking for a quick and easy way to get started, we recommend using Lite mode first. Anyway, you can try both options. It's very easy to switch between the Lite and Pro versions.