When it comes to the use of a cryptocurrency exchange, users require ease of use as much as possible.
With reputable crypto exchanges like binance, you can switch from binance lite to binance pro.
This is also seen in other great exchanges like coinbase.
You can also transfer from coinbase to coinbase pro.
Binance lite is an interface that is really suited for beginners with less complex features.
With more experience in crypto, it becomes limited for a professional trader.
This is where binance pro comes into great use with more tools for deeper analysis and functions.
In this guide, you will learn two things.
How to switch from binance lite to binance pro.
How switch from binance pro to binance lite.
- Why You Should Move From Lite Version Of Binance To Pro
- Why You Should Move From Pro Version Of Binance To Lite
- How To Check Which Version Of Binance I am Using
- Should I Switch From Binance Lite To Binance Pro
- Fee When You Switch From Binance Lite To Binance Pro
- How Many Times Can I Switch Between Binance Account Versions
Why You Should Move From Lite Version Of Binance To Pro
Switching between the different versions in which binance exist gives you the comfort that you need.
As a beginner, binance pro might be too much of functions to use.
To be comfortable, you need to switch to the binance lite.
But for the professional crypto users and traders, binance lite is too limited in use.
This is because of the limited functionality that it has.
This makes professional traders consider a switch to the pro version which includes reasons below;
1) To Be Able To Use Locked Staking Function
With the lite version of binance, you are limited in functions.
One of the functions is the use of the locked staking.
This is a good and low risk passive income earning method both for beginners and professional users.
But due to the version of binance that you use, this function might not be available.
To use and enjoy this function, you need to switch to binance pro website or binance pro app.
2) To Be Able To Trade Professionally
A good trading comprises of a good pre-trading plan.
This is what will show you the likely occurrences in the trading market.
This is made up of the use of technical and fundamental analysis decisions.
The technical decisions are mainly made from what we see on the crypto chart.
But to make a deep technical analysis, you must not use a childish chart.
This is the problem with the binance lite chart because it is too limited in tools.
But with the use of the binance pro chart, you get to use a lot of functions that help in the analysis of your trade in a better way.
This will also help in generating more profit and reducing your loss.
This happens because you will be able to use more tools to see what is happening in the market and how the market moves.
To be able to have a binance chart with a better professional feel, you need to switch from binance lite to binance pro.
This will help you better in your trading decisions.
3) To Be Able To Use Binance P2P Trading
In some countries, the use of cryptocurrency has been banned.
This reduces the cryptocurrency activities of people in that country.
This is because before the ban, people mainly made use of purchasing crypto with the use of their local banks.
Due to the ban, banks now put a restriction from using crypto sites to buy from your bank account.
This became an issue to a lot of people in the affected countries.
But this did not last long.
This is because the p2p system got introduced to curb this limitation.
But this can only be used by people using the pro version of binance.
With the p2p function on binance, you can buy and sell crypto directly to clients with the fiat of your country.
This has helped people in countries where cryptocurrency has been banned to still be able to buy and sell cryptocurrency on binance.
But to use this function, you have to move to binance pro if you are using the lite version.
4) To Use Binance Auto Invest
Binance auto invest is another great innovation from binance.
This helps you to invest consistently on binance in an automated way.
But the thing is that it is not allowed in the binance lite.
So for you to enjoy this great function, you need to switch from binance lite to binance pro version of binance.
5) To Participate In Binance Launch pool
Launch pools are one of the best ways to get free crypto in an exchange.
When you participate in a launch pool, some part of the crypto will also be shared to you.
This helps you to increase your crypto asset quantity for free.
But you can only use this when you have migrated to the professional version of binance website or app.
How To Switch From Binance Lite To Binance Pro On App And Desktop.
To successfully switch between the versions on binance is not a tedious task.
It is just a matter of clicking few buttons.
Just follow the steps below to make a switch to the pro version of binance.
Step 1: Log In To Binance
Here, you are going to login to your binance account.
This will be with the use of your binance credentials.
This includes your email address and password linked to your binance account.
Step 2: Click On Your Binance Account Profile
Now that you have had access to your binance account, you need to click on your account profile.
This will take you to the final step where you will be able to change from binance lite to binance pro.
So click on your account profile to proceed.
Step 3: Deactivate Binance Lite
Now that you are in your account profile section, you will be able to make the switch.
To do this, you have to deactivate the binance lite.
This is done by clicking on the binance lite button.
After this, your account will be changed to the pro version of binance.
With the pro version, you will be able to access more functions with your binance account.
So go ahead and click the button to deactivate binance lite and take you to the pro version.
How Switch From Binance Pro To Binance Lite On App And Desktop.
The binance pro is a great feature.
But the thing is that it is not appreciated by all.
This is especially from the side of beginners using binance.
This is because the pro version of binance is very function intense.
These enormous functions seem to scare some beginners some times.
If you have this type of issue, then you have to switch to binance lite.
To make the switch, carefully follow the steps below;
Step 1: Sign In To Binance Account
The first step for you to take to make this switch is to sign in to your binance account.
To do this, make use of the correct log in credentials that is linked to your binance account.
This is usually your binance account email address and password.
Input them into the login box and proceed.
Step 2: Enter Your Account Profile
Here, you need to have access to your account profile.
This will give you access to where you can switch from binance pro to binance lite.
To enter, just click on the binance account profile.
This will take you to your binance profile where you can switch between binance versions.
Step 3: Activate Binance Lite
At this point, you need to activate the binance lite.
This can be done with just a click.
So click on the binance lite button to activate it.
When you make the click, this will change the interface of your binance account to that of the lite version of binance.
Also when you make the switch, you will experience a decrease in the functions that are available for use in your account.
This is because the binance lite version has far less features as compared to the binance pro.
Why You Should Move From Pro Version Of Binance To Lite
1) Ease Of Use
If you find it hard to easily use the binance pro version, then it is time to make a switch.
You have to switch to the lite version to make sure that you are comfortable with the use of your binance account.
How To Check Which Version Of Binance I am Using
For long users of binance, it is easy to know which version of binance you are using.
This is because of the difference in available functions when using the two versions.
But this might not be the case for beginners.
If you cannot just have a look at the interface of binance and correctly tell the version that is active, you need to check.
To check, you have to access your account profile.
When you are there, if the binance lite button is activated by showing yellow, then you are using the lite version.
Also, the binance lite has very few functions on the dashboard.
But if the binance lite button is not activated, then you are using the professional version of binance.
The pro version of binance has a lot of functions on the dashboard as compared to the lite version of binance.
So always make sure that you correctly know of the binance version you are using to avoid limitations in usage.
Should I Switch From Binance Lite To Binance Pro
To switch to either versions of binance depends on what you need.
If you are a beginner, you can start with the binance lite version.
But if you are a professional crypto user, the lite version will be too childish for you.
This is because the interface and functions will be too limited.
So to enjoy the full usage of binance, you have to use the professional version of binance.
Fee When You Switch From Binance Lite To Binance Pro
The switch is absolutely free.
Any time you decide to switch between the versions of binance, you do not incur any cost.
It is absolutely free.
How Many Times Can I Switch Between Binance Account Versions
There is no limit on the number of times that you can make a switch between the versions of binance.
You can switch as many times as you want.
This will not attract any fee or suspension from binance.