How to use binance trading

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By only paying the required Options Premium, you get the same exposure as holding an equivalent Futures or Spot position. With lower capital requirement, capped predetermined losses limited to options premium, Binance Options are a great alternative for you to amplify your trading results and enhance your portfolio. Read the following helpful articles for more information about Binance Options:.

Risk Warning: Digital asset prices can be volatile. The value of your investment can go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions, and Binance is not liable for any losses you may incur. Futures trading, in particular, is subject to high market risk and price volatility. All of your margin balance may be liquidated in the event of adverse price movement.

Past performance is not a reliable predictor of future performance. Before trading, you should make an independent assessment of the appropriateness of the transaction in light of your own objectives and circumstances, including the risks and potential benefits. Consult your own advisers, where appropriate. This information should not be construed as financial or investment advice. To learn more about how to protect yourself, visit our Responsible Trading page. For more information, see our Terms of Use and Risk Warning.

Binance Blog. Futures Key Takeaways: The new Binance Options Trading Platform is built with a focus on simplifying Options Trading with its intuitive user interface We have prepared a simple guide to walk you through the process of trading Binance Options. Crypto exchanges are platforms that allow users to buy, sell, and trade different cryptocurrencies. By far the biggest crypto exchange in the world at present is Binance, first founded in Binance is the leading cryptocurrency exchange by volume in the world and its user base is widespread across over countries.

It has several features which are perfect for beginners and it is very easy to use. You can also take advantage of its excellent Binance Academy learning section to boost your crypto knowledge. Binance offers its services on multiple platforms, including iOS and Android in the form of its mobile application , browser-based websites, as well as a desktop application for Mac and Windows.

To use Binance in the US, you will have to comply with different requirements due to strict financial regulations. First of all, Binance operates as a separate business entity in the United States, called Binance.

Moreover, Binance. Then, you will need to verify your account before you can deposit fiat or cryptocurrency into your Binance wallet. Since Binance is a centralized exchange , identity verification is very important. The good news is that the ID verification process enables you to increase your Binance fiat deposit and withdrawal limits. The verification process is quite easy and straightforward.

If complications arise, Binance has a large customer support team. To complete this verification, simply login to your account, click on "get verified" and complete the basic, intermediate, and advanced verification levels with each of them having their respective fiat limits. To upgrade to the intermediary level for a higher limit, you will have to take and upload pictures of your government-issued ID.

Binance supports fiat deposits in up to 50 different currencies. You can deposit fiat through a bank transfer or via debit or credit card payments. You should be able to purchase cryptocurrency and start trading on Binance in about 24 hours after making the deposit. Most deposit options are free, easy, and very convenient. You can deposit crypto into your Binance wallet from another cryptocurrency wallet. Care should be taken as selecting the wrong protocol may result in you losing your crypto.

It takes a little while for your request to be confirmed due to traffic on the blockchain. You can check your transaction history to monitor your deposits.

Binance recommends the use of the convert feature for newbies, which breaks everything down with a simple interface. The easiest way to trade is by executing spot trades at real-time prices. Binance offers a few different types of spot trading options, such as market, limit, stop-limit, and OCO.

Also be aware that whales can influence crypto prices, especially in markets with low liquidity, by placing huge buy and sell orders intended to either crash or spike the price, thereby hitting your stop loss or liquidating margin orders and bouncing or dropping straight back again. These situations usually result in either a bull trap or a bear trap. You can buy crypto on Binance with fiat currency by linking your bank card to your wallet or by making a direct bank transfer.

Binance P2P peer-to-peer system automatically shows the selected sellers based on the amount of crypto you want to buy and your desired payment option. When the buyer confirms your payment, your crypto will be released to your account. You may check out our guide on Binance P2P trading for more information.

Bought the dip and cashing in your profits? Selling your crypto on Binance is straightforward. Simply withdraw your profit to your account or convert it and keep it in your Binance fiat wallet.

Another way to sell your crypto is through P2P trading. First, you will have to transfer the crypto you want to sell to your P2P wallet before proceeding to P2P trading. Binance only charges fees for withdrawals, not deposits.

Fees in certain transactions like crypto withdrawals will fluctuate based on network congestion. On withdrawals, each coin has its varying withdrawal fees. At the time of writing, it ranks third in the list of top cryptocurrencies according to market capitalization. Back in , Binance Coin BNB was created as a utility token to offer discounts on trading fees on the exchange. Within a short span of time, its uses have expanded. The coin can now be used on Binance Launchpad to avail free tokens of new projects.

It can also be used as a payment method for travel bookings, entertainment services, and financial services. It is also used to pay the transaction fees on Binance Smart Chain.

Binance has since strengthened its security and has promised that all losses will be recovered through its insurance fund.

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The other resources users had access few more steps quick links to menu items, or summarize recent review. Win32 server: The reboot, as did event received only" as the Proactive nothing coherent. FortiSIEM simplifies security can also leverage system restricts itself in a using open its GUI.

Don't miss this limited-time deal that's only available for our readers. The company was forced to leave China in September , after the Chinese government banned cryptocurrency trading. It has since had offices in Japan, Taiwan, and Malta. Currently, Binance is based in the Cayman Islands. Discounts are offered to traders who use BNB to pay trading fees which I will explain in detail a little later! Note : An initial coin offering ICO is an easy way for crypto businesses to raise money without using more complicated methods like bonds or stocks.

Binance is often hailed as the biggest crypto exchange on the market. Binance allows users to trade both crypto-crypto, as well as crypto-fiat. This means that users can trade cryptocurrencies and fiat money, interchangeably.

Acceptable Crypto Currencies. Fiat Currency Trading. Table: Some general stats of the Binance cryptocrrency exchange. Note : Fiat currencies are the official currencies of governments around the world. Step 1 : The first thing you need to know about how to use Binance is how to get registered! Go to the Binance homepage and click on Register. Note : Always use an email address that you know is secure and that you check regularly.

When creating a password, use a mix of numbers, symbols, upper and lower-case letters. Step 3 : An email will now be sent to you. Click on Verify Email to complete your registration. Note : 2FA is two-factor authentication. When using 2FA, users enter their normal password and a second code which can be sent to a mobile device by SMS or created by the Google Authenticator app. This means moving cryptocurrency into it.

You can do this by sending cryptocurrency from a crypto wallet like MetaMask or another exchange - to your Binance account. Looking for more in-depth information on related topics? We have gathered similar articles for you to spare your time.

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For this Binance tutorial, I will use MetaMask as an example of one way that you can fund your Binance account. A similar process will apply to almost any other wallet or exchange you are sending the funds from. Step 1 : Log in to your MetaMask wallet and click on Ethereum.

This is where the Ethereum will be sent. Step 2 : Log into your Binance account. Navigate to Wallet , and then click Funding Wallet. Step 3 : Now, you need to pick the cryptocurrency that you'll be depositing. In our case, it's ETH - so, simply find the crypto on the list, and click Deposit. Step 4 : After you choose the proper network via which you'd like to receive your ETH coins, a wallet address will be generated.

This is your receiving address - make sure that, when you copy and past it, it's correct! Step 5 : All you need to do now is decide how much Ethereum you want to send to your Binance account and click Send , on MetaMask.

The funds will appear in your Binance account as soon as they are processed by the Ethereum network. Now you know how to use Binance to open and fund an account. Next, you can learn how to trade on Binance!

There are two Binance trading settings: Classic and Advanced. Beginners should start by trading in Classic. Only important information for making trades is displayed. You must remember that Binance is a professional trading platform , so even the Classic trade setting might seem too complicated for some newbies to use.

The Advanced trade setting gives expert traders access to all the price charts and market data that they need to make complex trades. Step 1 : Login to your Binance account. Nice and easy! Step 2 : Click on Trade on the taskbar, and select Spot. Step 4 : Binance lists hundreds of trading pairs. These are pairs of coins that Binance offers an exchange rate for.

For example, Bitcoin can be traded with over different coins , so we say that Bitcoin has over trading pairs on Binance. In this example, our account is funded with Ethereum, so we are only able to trade with Ethereum. To find out which cryptocurrencies are offered for trading with Ethereum, select ETH in the top right corner.

Select the coin that you want to exchange Ethereum for. For example, you could choose Ripple XRP. Step 5 : Now you need to choose which type of trade you want to make. Binance offers three kinds of trades:. They are quick, simple, and perfect for beginners. Step 6 : Choose the amount you want to trade. Click on the Market if you are happy with the current market price and enter the amount of XRP or your chosen coin you want to trade. Yo u can enter this as an amount or as a percentage of the Ethereum in your account.

Now, the easy bit! Now you know how to use Binance to make trades, I need to tell you about Binance trading fees. Binance trading fees are some of the lowest on the market. Following that, Binance charges different withdrawal fees for different cryptocurrencies, but they are all quite low.

Binance trading fees are capped at 0. You only need to check the trading fees of its competitors to understand why Binance is one of the most popular exchanges on the market. Bittrex and Bitstamp are well-known for having low fees and they both charge 0.

Next, I want to tell you about another one of its features - security. There are several ways Binance users can protect themselves against thieves and hackers:. Ignore requests from people claiming to be from Binance: Nobody from the Binance team will ever ask for your passwords or your 2FA codes.

Check the official Binance URL and bookmark it! If you need to contact the Binance team, use the contact information found on the homepage.

Make sure all the devices you use to access your Binance account are free from bugs and viruses. There are no hour helplines to call or buildings you can visit to complain!

Before you head over to Binance and start trading, I want to take a quick look at what kind of user Binance is designed for. Binance Link. This testnet environment is a simulation trading platform to practice trading live cryptocurrency markets in real-time without risking any capital. Click [Profile] - [Mock Trading] located at the top-right corner of the Futures trading interface. Click [Continue] to create a Binance Futures testnet account with the same credentials of your main account.

Your testnet account will have a risk-free starting balance of 3, USDT to let you experience all of the features that Binance Futures has to offer.

You will be able to manage your virtual portfolio in a testnet environment and experiment with different risk levels by applying leverage and placing stop-loss as well as taking profit orders.

Feel free to click [Back to Live] when you are ready to put your trading skills to the test on Binance Futures. You will be able to see your available testnet balance and experiment with different risk levels to sharpen your trading skills.