What is the difference between classic/advanced trading on Binance and fiat exchange within Binance?

Question

bitcoin

From time to time I exchange my fiat coins inside Binance from bitcoin to usdc, from usdc to solana, etc. I always did this through the exchange on Binance. But recently I learned that there are tools like classic/advanced trading on Binance. What is the key difference for me, as a classic/advanced trading user on Binance, from exchanging fiat within Binance (i.e. through the EXCHANGE link in my wallet)?

Answer 1

commissions and the speed of obtaining assets.
binance offers the following tools:
* spot market
* p2p
* margin trading, next to them is the futures market (a pair - with collateral in usd and bitcoin), they are in different places in the interface, but ideologically they are the same (futures are a separate conversation, there are a lot of nuances and unexpected 'commissions')
there are many more financial instruments, for example, nft, which can also be called a market, but I don’t want to consider it, plus support such as staking farming, crypto loans, etc. blocking by the user of his assets on the exchange floor)
So, only the first two are real trading - spot and p2p. In both cases, the platform acts as an intermediary for the storage of assets (in spot trading, both assets of a trading pair must lie on the accounts of the exchange, and for p2p - only one base, and the quote currency outside the exchange is not under its control, although it does block unwanted banks in applications has time)
Everything else (such as conversion, classic, advanced, etc.) is only an interface on top of the same spot trading, and differs in the end by the commission (including hidden, embedded in the spread and simulation algorithms for fictitious transactions), which you get as a result of the exchange. For example, a conversion is a transaction on the market, while a commission is added to the transaction price to cover the risks of rate changes for a period (several seconds) while this price is shown to you ... in the advanced mode, for example, you can split a large transaction into several on your own, performing different parts of it at different prices, combining limit and market, studying the behavior of the market, significantly reducing the final commission on the transaction but with the risks of not getting what you want either on time or at the right price.