This is a general announcement. Products and services referred to here may not be available in your region. 
Fellow Binancians, 
We are pleased to introduce the launch of a new Task Center on the Binance App, where users can earn points by completing simple tasks daily. Simply head to the Creator Center and click on the Check In icon. 
Activity Period: 2024-10-14 10:00 (UTC) to 2024-11-14 10:00 (UTC)
How to Participate
Note: Task Center is only available on the Binance App. 
Promotion A: Complete Daily Tasks to Earn Points
All eligible users can complete each of the following tasks once every day during the Activity Period to earn the respective points on a first-come, first-served basis.

Note:
For Task 1 under Promotion A, failure to check in consecutively will result in the streak ending and resetting back to day 1. An additional 3 points will be awarded to users who check in daily on the 7th consecutive day. 
Promotion B: New Square Users Exclusive - Complete Bonus Tasks to Earn More Points
New Square users who have never completed the following tasks before the start of the Activity Period can participate in this Promotion. All points are awarded on a first-come, first-served basis. 

Note: Each task can only be completed once.
Terms & Conditions
This Activity may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the Activity Period in order for the tasks to be completed. Users may qualify for rewards from all Promotions where applicable. The rewards for each Promotion are not mutually exclusive.Users will receive points upon completion of tasks and will be able to redeem their points via Profile > Rewards Hub. Points will expire on the last day of the same month a year later on a first-in, first-out basis.Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to cancel a user’s eligibility in this activity if the account is involved in any behavior that breaches the Binance Square Community Management Guidelines or Binance Square Community Platform Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating, or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software.Binance reserves the right of final interpretation of this Activity.

Disclaimer: This content is presented to you for educational purposes only. Products and services referred to here may not be available in your region.

Key Takeaways

Binance Pre-Market allows you to trade tokens before their official listing on the Spot Market, offering opportunities for early price discovery and strategic trading.

There are no additional fees in Pre-Market trading. Your trades will incur the standard Binance spot trading fees.

Pre-Market trading can be risky due to the higher price fluctuations that often come with early trading. It’s essential to understand the token you’re trading and keep an eye on market movements to avoid unexpected losses.

What Is Binance Pre-Market?

Binance Pre-Market allows users to trade selected tokens before their official listing on the Binance Spot Market. This early access to tokens can provide many advantages, such as early token access to Binance users (not only Launchpool participants), strategic positioning with early price discovery, and the ability to sell Launchpool rewards before the market opens.

Even if you are not planning to trade on Binance Pre-Market, the early trading window can also give you insights into market trends and how the token might behave once it’s available to everyone.

How to Use Binance Pre-Market

1. First, you need to log in to your Binance account, navigate to the [Trade] section and select [Spot].

2. Next, find the [Pre-Market] tab on the right side of your screen to view the available token pairs.

3. If it’s your first time using the Binance Pre-Market platform, you will have to read and accept the terms of use.

4. The Pre-Market trading interface is pretty much the same as the Binance Spot one. However, on Binance Pre-Market, there’s a limit to the number of tokens you can buy for each pair. You can check your Current and Max Holding on the right side of your screen.

5. Selling tokens is unrestricted in Pre-Market. You can sell as many tokens as you hold. This can be useful for locking existing profits before the market is officially opened.

6. After the Pre-Market phase ends, the tokens transition to the Binance Spot market, where they become available for withdrawal, deposit, transfers, and regular spot trading.

Benefits of Binance Pre-Market

Early token access: Traders can access tokens before they are listed, giving them the opportunity to act on market insights and trends ahead of others. This could lead to more favorable trading positions.

Liquidity: As the world’s largest cryptocurrency exchange, Binance ensures high liquidity, making it easier for traders to execute transactions at desired prices.

No extra fees: Binance doesn’t charge additional fees for Pre-Market trades beyond the standard spot trading fees, making it a cost-effective way to gain early exposure to new tokens.

Opportunity for Launchpool participants: Users who earn rewards through Binance Launchpool can sell their tokens as soon as the Pre-Market opens, allowing them to secure potential profits before the official market opening.

Risks of Binance Pre-Market

Since you’re trading before the token officially launches, prices can be more volatile than usual. This means that you might not always get the price you want when buying or selling, so it’s important to keep an eye on the market and do your research. Keep in mind that unfulfilled Pre-Market orders will be canceled when the phase ends.

Also, Pre-Market trading might not be available to everyone. There are geographic restrictions and only users with verified accounts can participate. So, make sure to check Binance’s rules to see if you qualify.

Who Can Participate?

Binance Pre-Market isn’t for everyone, but if you’ve got a verified Binance account and live in a region where it’s supported, you’re good to go! Both regular users and master accounts (for advanced traders) can join in. As of October 2024, Binance Pre-Market is not available to sub-accounts.

Closing Thoughts

Binance Pre-Market is a cool way for traders to jump into the action before a token officially hits the market. You get the chance to take advantage of early market moves and play around with different trading strategies. But, like with anything in crypto, there are risks. Price swings can be wild, so it’s super important to know what you're getting into before making any moves. Always do your research and understand the token you're trading.

Further Reading

Binance Beginner's Guide

What Is Binance P2P and How to Use It? 

Your Guide to Binance Spot Trading

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