What is Binance Lite? Features not everyone knows about Binance Lite
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What is Binance Lite? Binance Lite is a stripped-down version of the Binance app. This version makes it easy for new users to learn Binance to buy and sell cryptocurrencies, track market prices, manage wallet balances or use Binance Earn products. The following article helps readers better understand the interface of the Lite version and how to use some of its features.
To use Binance Lite, users need to log in to their Binance account on the app installed on their phone. If you do not have an account, follow the link below:
* See more: The complete guide Binance from a to z
What is Binance Lite?
Binance Lite is a minimalistic version of the Binance app that helps users use some of the basic features of the Binance platform. The Lite version has a user-friendly and easy-to-use interface for novices. In particular, the Lite version also delivers better performance than the Pro version for mobile devices with low operating system versions.
Currently, Binance Lite is the default interface when users use the Binance app for the first time. Users can easily switch between Lite and Pro modes at any time.
Compare Binance Lite vs Pro
The interface of the two versions Lite and Pro, are entirely different. The Lite version is more straightforward and user-friendly, suitable for those new to cryptocurrency trading who want to buy or sell crypto quickly and easily. People who prefer to use the Lite version are usually long-term crypto buyers and holders. The Lite version can be understood as the shortened version for users who do not use many complex trading and investment features of Binance. On the contrary, the Pro version gives users full access to the functions of Binance from trading, investing, viewing charts. Those who often trade cryptocurrencies or want to use the first features other investors in the Binance ecosystem.
| Binance Lite | Binance Pro | |
| Interface | There are only three primary tabs: Market, Trade, and Wallet | There are multiple tabs, with full Binance features on the Home tab |
| Trading feature | Only buying and selling cryptocurrencies from fiat (P2P trading) and basic conversion between cryptocurrencies. | Binance Pro has full trading features of Binance: Spot, Future, Margin. |
| Chart | Just basic line chart and simple price information | A candlestick chart has technical indicators, drawing features, and detailed price information. |
| Wallet | Show asset value summary on Fiat and Spot wallet | Show asset details in each wallet type |
| Binance Earn | Only BNB Vault and Flexible Savings | Full range of products: Flexible Savings, Fixed Savings, Fixed Staking, Activities, Launchpool, Liquidity Swaps, Dual Investment, and BNB Vault |
The interface and features of the Lite version of the Binance app
Binance Lite is the default mode when users download and log in to the Binance App for the first time on their phone. On the interface of the Lite version, there are three main features: Market, Trade, and Wallet.
Markets: At the Markets page, users see the prices of popular cryptocurrencies with blue or red lines showing the asset’s price trend over a certain period. Cryptocurrencies are sorted by popularity, market cap, price, or 24-hour change.
Trade: When clicking the [Trade] button, the user can use Buy, Sell or Convert. To buy a cryptocurrency, select [Buy], select the cryptocurrency you want to buy, select the fiat currency you want to use, enter the amount to buy and select the payment method, and press [Confirm]. Similarly, to sell cryptocurrencies in the Binance wallet, select [Sell], and to convert between different cryptocurrencies, select [Convert].
Wallet: On the Wallet page, users can view the assets in the Spot Binane wallet. Users can deposit, withdraw or switch to the Binance Earn feature at the Wallet page by clicking [Earn].
How to switch to the Binance Pro version?
To switch to the Pro version of Binance, click on the symbol in the upper left corner of the Markets page to access the Dashboard, then select the enable button next to the word Biance Lite on the dashboard page.
The above article has just helped readers better understand what Binance Lite is? Overall, using Binance Lite is quite convenient for those who are new or have no need to trade or invest in the complex features of Binance. In particular, users can easily switch between versions in a single application, so they can quickly experience both Binance Lite and Pro to choose the more suitable version.
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