How to Use Binance: The Complete Guide

Today I will teach you how to use Binance. Buying and selling cryptocurrency can be stressful, so it is important Choose an exchange that you can trust. It is also important to find an exchange that suits your needs, and isn’t too complicated to use. There’s nothing worse than opening an account on an exchange and then finding that you don’t know how it works!

If you’re thinking about opening an account with Binance then read on.

In this Binance tutorial, I’ll teach you everything you need to know about using Binance. I will show you How do I sign up, how to trade on Binance, and what Binance trading fees you have to pay. I will also tell you how safe the exchange is and what kind of users it is designed for.

By the time you finish reading you will know all about one of the largest crypto exchanges and more importantly, you know how to use Binance!

I’ll start with a brief introduction to the exchange.

table of contents

  • 1. The lore of Binance
  • 2. How to open an account
  • 3. How to fund an account
  • 4th How to trade on Binance
  • 4.1. How to use Binance for basic trades
  • 5. Trading fees
  • 6th A quick note on Binance security
  • 7th Who is Binance for?
  • 8th. Conclusions

The lore of Binance

Binance was founded in China in 2017 by. founded Changpeng Zhao and Yi He. He and Zhao both worked at the OKCoin Exchange before you decide to build your crypto exchange.

Latest Binance voucher found:

The company was forced to leave China in September 2017 after the Chinese government banned cryptocurrency trading. Since then it has had offices in Japan and Taiwan. It is currently based in Malta.

Binance has its cryptocurrency called Binance coin (BNB). The exchange used a first coin offer from Binance Coin $ 15 million Amount of funding in July 2017. Discounts are offered to traders using BNB to pay trading fees (which I will explain in more detail later!)

Note: An Initial Coin Offering (ICO) is an easy way for crypto companies to raise money without using more complicated methods like bonds or stocks.

CoinMarketCap lists Binance as the second largest crypto exchange on the market. In the last 24 hours more than $ 1.4 billion The value of the cryptocurrency was traded on it.

Binance is a Crypto-to-crypto Exchange. This means that Users can only use it to trade cryptocurrencies. If you don’t already own cryptocurrency, you will need to buy some before you can start trading with Binance. I suggest using an exchange that offers Fiat currency trading to like Coinmama, CEX.IO or Coin base.

Note: Fiat currencies are the official currencies of the nations. Examples are the Japanese yen (JPY), the US dollar (USD) and the British pound (GBP).

Once you have cryptocurrency, you can start trading with it more than 200 coins and tokens on Binance. Now you know what it is and you can learn how to use Binance!

Before I can show you how to use Binance, I have to show you how do i open an account.

How to open an account

Just follow the simple instructions below and you will be trading in no time!

1. Register yourself: The first thing you need to know about using Binance is to register! Go to the Binance homepage and click on to register.
You will be redirected to the registration page where you need to log in Enter your email address and create a password.

Note: Always use an email address that you know is safe and that you check regularly. Use a mixture of numbers, symbols, uppercase and lowercase letters when creating a password.

2. Read and agree to Binance’s Terms of Use and click to register.

3. Prove that you are not a robot. You will be asked to solve a puzzle that should come easy to you. Unless…You are a robot!
An email will now be sent to you. Click on Confirm email address to complete your registration.
Congratulations! You are the owner of a Binance account. Next, I’ll show you how to use Binance, but first you need to secure your account.

4th Back up your account: The first time you log in, you will be asked if you want to set it up 2FA. You want to set up 2FA, It is very important! If you choose Skip for now, you will regret it later!

Note: 2FA is a two-factor authentication. It’s a security feature that gives users an additional form of password. When using 2FA, users enter their normal password and a second code sent to or from a mobile device via SMS. can be created Google authenticator App.

After you’ve set up 2FA, it’s time to fund your account. This means that cryptocurrency is pushed into it. You can do this by Sending cryptocurrency from a crypto wallet or …