Binance
Exchanges

Binance

Binance is a popular Cryptocurrency exchange that allows its users to purchase and sell various altcoins such as Bitcoin, Ethereum, and Monero among others. The exchange was founded in China before moving its main offices to the Island of Malta after the country banned Cryptocurrencies and related activities.

Although the exchange has been around for a short period, its popularity has continued to grow mainly due to its friendly CEO, professional attitude, a good number of ICO listings, and low trading fees.

How To Register On Binance

To use Binance, you must open your account. Visit https://www.binance.com/en and click “register”. Provide your email and password and then agree to their Terms of Use. Click on the verification link in your email to verify your account.

How To Deposit And Withdraw Funds On Binance

Log in to your account and go to the “User Center”. On the “Funds” menu, click “Deposits and Withdrawals”. Binance accepts BNB, NEO, LTC, ETH, and BTC deposits. Select your preferred altcoin and click “Deposit”. Copy the deposit address that appears and paste it to your external wallet. Transfer your funds to this address. You can go to “Funds>History” to access these details.

To withdraw, go to the “Funds” menu and select “Deposits and Withdrawals”. Click “withdraw” next to the coin type you want to withdraw. Enter the address of your external wallet and the amount you want to withdraw. Click “Submit”. Go to your email and click “Confirm Withdrawal” to execute the transaction.

Trading On Binance

Let us assume you want to buy BNB using BTC. Log in to your account, search for BNB in the BTC market, and then click BNB/BTC pair. A display page of transaction that includes Binance Announcements, buy price, sale price, buy area, and sell area among others appears. These details improve your decision making process.

To buy the token, enter your price in BTC on the “buy area”. The last transaction price acts as the default price. You can enter the limit price if you want to buy at a lower price than the market price. Click “Buy BNB” to execute the transaction.

Why Use Binance

Binance is known for its safety and stability. The exchange has high liquidity and its performance cannot be compared with most of the other exchanges. The exchange is popular for Crypto-to-Crypto trading and provides its users with multilingual and multi-coin support.

Binance users enjoy various benefits such as being served by a strong team and using proven products. The exchange also uses superior technology and has close relationships with industry leaders, which is beneficial to the users. The exchange charges lower fees than most of the other exchanges.

Binance has a special page dedicated to customer services. On this page, the users can learn about the latest activities on the website. The visitors can click “Announcements” to learn about the latest projects the exchange is planning to launch such as listing new trading pairs among others. The exchange also has an “FAQ” where users can find questions to some of the most common questions about the exchange. This may include answers to questions about deposits, withdrawals, and trading among others.

November 8, 2018

About Author

Samantha Mitchell


Leave a Reply

Your email address will not be published. Required fields are marked *