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بایننس | Binance.com
بایننس | Binance.com

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  • بایننس
    ادمین وب سایت چهارشنبه 11 اردیبهشت 1398 01:22 ق.ظ نظرات ()

    At this time, the digital currency exchange market is filled with a wide variety of choices, therefore choosing the right exchange or trading platform can be quite a headache for both novice and veteran cryptocurrency users.

    Binance is a popular cryptocurrency exchange which was started in China but recently moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. While the company is still fairly new on the market ( it launched last year ), it has managed to gain a lot of popularity thanks to its impressive number of Initial Coin Offering listings, professional attitude and friendly CEO and also due to its low trading fees.

    Binance Website

    In our review, we will attempt to outline everything that you must know about Binance, including how it works, the crypto pairs that you can exchange, trading fees/limits, security aspects, and customer support.

    Visit Binance »


    How the Exchange Works

    Contents [Show]

    Those who visit Binance for the first time will quickly notice that the platform offers two options for digital currency trading- basic and advanced. Neither the basic, nor the advanced versions are bound to be easy to use for complete beginners. However, anyone with a background in digital currencies and with a bit of knowledge into how exchanges work should be able to use the platform and its different services.

    The main difference between the basic and the advanced version is that the advanced one offers more-in-depth technical analysis of digital currency value over time. At this time, the dashboard for the basic version offers several graphs and charts for the pairs that you’re trading, order books, and trade history.

    This is what the basic view looks like :

    Binance Trading View

    The Basic view is nicely designed and well laid out, all the information you need is clearly presented with prices on the left, graphs in the center along with the buy and sell boxes and the trade history is presented on the right so you can quickly see what the latest trade prices were.

    And this is what the advanced view looks like:

    Advanced View

    The advanced view uses a dark theme and makes the trading charts larger and the latest trade prices are displayed on the right with the buy sell boxes underneath.

    Which you choose is a matter of preference really, I like the lighter colored basic view and find the layout a little easier to use.

    Binance Signup & Login

    To use the exchange, users will first have to create an account. The process behind this is fairly simple and straight-forward and you don’t have to verify your account for level 1 which is a 2BTC daily withdrawal limit. For level 2 which allows up to 100BTC per day, you need to upload a photo ID and wait till you are approved. There are higher limits still, but you will need to contact them directly to arrange that.

    Time for verification can vary depending on how busy the site support staff are, so make sure to plan ahead if you wish to withdraw larger amounts and make sure this step is complete before depositing and trading large sums on the exchange.

    ID Verification

    Now, that this is out of the way, users can go ahead and fund their Binance account. While you can choose from a multitude of digital currencies, it is recommended that you stick with either BTC or ETH.

    To fund your account visit the “Funds” > “Deposits / Withdrawals” link at the top of the site and find the currency you wish to send, then click the “Deposit” button next to it which will then you give you the wallet address. You can then send your funds to this address to begin trading on the platform, depending on which currency you deposit it will take different times to show up as this is reliant on that currencies blockchain. Some currencies like Ethereum are faster than Bitcoin which can take a while.

    Binance Wallets

    Now that your account is funded, you can simply start trading, exchanging and investing in various digital currency pairs. Binance offers plenty of choices, as they support all major digital currencies, but also numerous ICO listings and their respective tokens.

    At this time, the platform can only be used to generate limit and market orders. This has been considered a disadvantage by some, as many expected trading options that would be more advanced. Following the placement of your order, simply wait for it to be fulfilled according to the terms that have been set.

    How to Trade on Binance

    Trading on Binance is fairly straight-forward if you have used any other cryptocurrency exchange before. To get started, make sure you have deposited some funds – there are options for trading pairs in BTC, ETH, BNB and USDT. Once you have your funds, at the top right menu, select “Exchange” > “Basic” or “Advanced” to load the trading screen. We will be using the Basic view.

    Binance Trading View

    On the right hand side, of the screen select a tab from BTC, ETH, BNB or USDT this is what you will be trading in. Then choose your desired currency from the list. You can also search here and you can create a favorites list by clicking the star next to any currencies.

    Choose currency to buy

    Once your desired currency has loaded, take note of the left-hand column which shows prices that people are willing to sell at in the top half in red and prices people are willing to buy at in green in the bottom half. The number in the middle shows the last sale price.

    Buy and Sell Prices

    Now to place a buy order, use the center box underneath the graphs and you will see the buy box is in green on the right. You can manually enter a price you wish to purchase at, but a better way is to click a number on the left-hand column. You can then enter the amount of the currency you wish to buy or click the 25%, 50%, 75% or 100% buttons which will fill it with an amount based on how much of the buying currency you have ( in this case BTC ).

    Buy Order

    Once your order is placed it will be show underneath in the “Open Orders” section until it is filled. At that point your new currency will be available under the “Deposits / Withdrawals” menu where you can withdraw it to the wallet of your choice.

    Supported Crypto Currencies

    Binance has often been praised for its wide variety of support coins. Traders can use the platform for multiple digital currencies, including, but not limited to Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum, Ethereum Classic, EOS, Dash, LiteCoin, NEO, GAS, Zcash, Dash, Ripple and more. As mentioned before, Binance also supports numerous tokens, as part of ICO listings. With this in mind, traders can use the platform to trade these tokens for a profit as well.

    Binance is currently very quick to add new coins and tokens after their ICO which usually means you can purchase them cheaply which allows for greater profit down the road.

    They currently offer trading pairs in BTC, BNB, ETH and USDT.

    Binance Markets

    Binance ICO & BNB Coin

    Another thing to note is the Binance Coin, which was issued during their own ICO. The Binance coin can be used to pay fees and it will also feature in their future plans to create a Decentralized Exchange where it will form one of the key base currencies. Purchasing the Binance coin itself looks like a good investment for the future as the exchange plans to use their profits to buy back a portion of the coins every quarter and destroy them: hence decreasing the supply and making them more valuable for holders.

    Every quarter, we will use 20% of our profits to buy back BNB and destroy them, until we buy 50% of all the BNB (100MM) back. All buy-back transactions will be announced on the blockchain. We eventually will destroy 100MM BNB, leaving 100MM BNB remaining.

    Binance BNB Coin

    If you’d like to read more about the BNB Coin, check out our indepth guide.

    Binance Fees & Limits

    At the time of writing, Binance charges an average fee of 0.1% on each trade that a user makes. Those who choose to pay via the Binance token can get a 50% discount on the trading fee, which is absolutely great news. These are surely some of the lowest fees available at this time.

    Withdrawal fees tend to vary for each digital currency. For instance, 0.0005 is charged for Bitcoin withdrawals, and 0.005 is charged for ETH withdrawals. Here are some examples to give you an idea of the fees you will be paying for withdrawals:

    COIN CODE Fee Unit
    Binance Coin BNB 1 BNB
    Bitcoin BTC 0.001 BTC
    Ethereum ETH 0.01 ETH
    Litcoin LTC 0.01 LTC
    Neo NEO Free NEO
    Qtum QTUM 0.01 QTUM
    Status SNT 10 SNT
    Bancor BNT 1.2 BNT
    Eos EOS 0.7 EOS
    Bitcoin Cash BCC 0.0005 BCC
    Gas GAS Free GAS
    USDT USDT 50 USDT

    When it comes down to transfer limits, there is no limit on the number of coins that you can deposit. However, without getting verified, users are limited in terms of how much they can withdraw. Verification will establish you as a level two users, thus lifting these limits and providing a lot more freedom when using the platform. The verification process requires users to provide Binance with their full name, country, gender, a photo of passport/government-issued ID, and even a selfie with the passport.

    Binance Competitions

    A unique feature of Binance you will notice is that they regularly hold competitions with some amazing prizes. Some examples of competitions in the past include Waves and Tron. The waves competition gave away 20,000 Waves to Traders based on how many trades they have made of this currency.

    The other competition for Tron (TRX) gave participants the chance to win a Maserati car, Mercedes Benz car, a Macbook Pro or a iPhone X. Again, the winners were the people with the highest trading volume of this currency.

    The current rankings show that the person in first place had over 358 BTC volume in trades so you will need to be a whale to be in with a chance of winning first prize. There are other regular competitions though, so keep an eye on the site for your chance to enter.

    Is Binance Safe?

    While Binance is one of the newest cryptocurrency exchanges available on the market, it has quickly managed to attain a high level of trust from its users and the digital currency community. However, the exchange fails to provide users with enough information on how the funds are being secured, yet we like to believe that security is taken seriously. Two-factor authentication is available and is always a nice sight. It is however known that the platform offers a multi-tier and multi-tier system architecture.

    Update: In March 2018 Binance suffered a hacking attempt.

    The hackers tried to pull off an audacious move which was luckily caught by the automated systems in place at the exchange. For months the hackers had been accumulating people’s logins via a phishing website and secretly installing API access on the affected accounts. They then struck, converting all the victims altcoins to BTC and purchasing Viacoin, pumping the coin to a huge price and then selling their own supply of Viacoin at the high point, before trying to withdraw the BTC to their own wallets. Luckily no one lost funds as the hack was caught and the only people to lose out were the hackers, whose funds will be donated to charity.

    As this hack was made possible by people entering their site logins and 2FA details into a fake website, you should always make sure you are on the correct Binance url before logging in. We recommend you bookmark the site and only use that to access it, never click links from emails, Twitter, Telegram etc.

    This event has done a lot to instill confidence around Binance, not only did their automated processes catch the attempted hack before anyone lost any funds, they have since offered a $250,000 bounty to anyone who can help catch the hackers. Throughout this event, Binance acted exemplary and have been praised for their swift action in resolving this.

    Binance Customer Support

    For an exchange to be successful, it requires a great customer support team, capable of answering all user questions and requests in a timely manner. While the support area on Binance could use a little work, the team is responsive and capable of offering professional aid to traders in need. Support tickets are submitted via an online form featured on the website, and responses are made via email. There is currently no live chat support, nor a phone number where customers can get in touch with the support team.

    Binance Customer Support

    Other than the CS team, Binance offers a couple of FAQs and articles meant to help users get accustomed to the exchange and the way it works.

    Binance FAQs

    It should be noted that customer support on Binance has been known to be slow to respond to customer requests. This is a familiar phenomenon with most of large exchanges and is due simply to the volume of users and amount of support staff. The exchanges have grown at an explosive rate this past year and the companies simply haven’t been able to keep up with demand. Binance grew fast especially, going from launch to the largest exchange on the planet in a few short months. Support staff for exchanges have to be carefully vetted and trained due to the technicalities and security requirements involved – unlike other traditional companies where staff can be trained quicker.

    Some things to bare in mind are double-checking wallet addresses, make sure you are sending the correct cryptocurrency to it’s corresponding address on the site. Mixups with wallets are one of the biggest mistakes people make when using exchanges. Other things to note are, try a smaller test payment first if you plan to transfer large sums – it may cost you a little more in fees but will be worth it for peace of mind.

    If you do need to contact support, make sure you provide them with enough information to be able to help you first time. Include wallet addresses, times of transactions and any other information you think they might need to help speed up the process.

    The Move to Malta

    In March 2018, Japanese Newspaper Nikkei reported that Binance was trading in Japan and not following their official regulations. This caused some turbulence in the markets until Binance made an official announcement that they were going to be moving operations to the crypto-friendly island of Malta in Europe, stating :

    After reviewing several different locations, the company decided to invest in the European nation due to its existing pro-blockchain legislation and the stability that it offers financial technology companies through its regulatory framework.

    This is good news for the company and they even received a warm welcome from the Prime Minister of Malta on Twitter. Binance also announced that they were in talks with Maltese banks with the goal of providing Fiat transactions, meaning they can offer an on-ramp for fiat to crypto transactions in future along with fiat trading pairs on the exchange.

    More good news for Binance, it seems as their profile and reputation within the industry continues to grow.

    Launching a Decentralized Exchange

    More recent news for Binance and what seems like good news BNB holders is the fact that they are planning to launch their own Decentralized Exchange ( DEX ):

    “After extensively researching decentralized exchange frameworks and analyzing existing implementations, we believe significant improvements can be made in providing Binance users with a level of trading experience to which they are already accustomed. Centralized and Decentralized exchanges will co-exist in the near future, complementing each other, while also having interdependence.”

    The BNB digital asset, now an ERC-20 token, will migrate as the native token of that network and be used for paying the trading fees on the new exchange.

    Launching a Decentralized Stock Exchange

    More good news recently for Binance is that they are partnering with Neufund to build the world’s first Decentralized Stock Exchange. Alongside the Malta Stock Exchange, they are aiming to create a regulated and decentralized, global stock exchange for listing and trading tokenized securities alongside crypto-assets.

    According to CapLinked, the market cap of equity tokens alone is projected to reach $1 trillion by 2020 and thanks to the partnership with MSX, a subsidiary of the Malta Stock Exchange and Binance, Neufund will become the first end-to-end primary issuance platform for security tokens, in particular, equity tokens. It will secure ways for secondary trading of equity tokens and enable companies around the world to fundraise on Blockchain in a legal way while offering much-needed liquidity.

    This is more positive news for Binance as they aim to consolidate their position as the world’s number one Crypto Exchange.

    Binance Jersey Launch – Now Supports Fiat to Crypto

    As of 16th January 2019, Binance has announced the launch of a new Fiat to Crypto exchange named “Binance Jersey“. The trading platform is live and active and allows you to trade in fiat currencies such as euros and pound sterling, with Europe being their target market.

    We have now carried out a full review of Binance Jersey, so take a look for more indepth details about the new platform.

    Binance Jersey

    Visit Binance Jersey »

    At the time of writing they are only offering four trading pairs with more to follow soon:

    • BTC / EUR
    • BTC / GBP
    • ETH / EUR
    • ETH / GBP

    Supported Jurisdictions:

    Argentina Eswatini (formerly Swaziland) Latvia Romania
    Armenia Finland Liechtenstein Singapore
    Australia France Lithuania Slovakia
    Austria Germany Luxembourg Slovenia
    Azerbaijan Gibraltar Macau South Africa
    Belgium Greece Malta South Korea
    Brazil Hong Kong Mauritius Spain
    Bulgaria Hungary Mexico Sweden
    Canada Iceland Monaco Switzerland
    Chile Ireland Netherlands Turkey
    Croatia Israel New Zealand United Arab Emirates (UAE)
    Cyprus Italy Norway United Kingdom (UK)
    Czech Republic Jamaica Peru Uruguay
    Denmark Japan Poland
    Estonia Jersey Portugal

    Customers who wish to trade in the support fiat currencies will need to carry our KYC procedures by uploading their ID documents such as passport and driving license.

    Wei Zhou, Binance’s CFO released this statement about the launch :

    “Expanding the cryptocurrency exchange markets with fiat currencies in the European region is opening new economic opportunities for Europeans as well as freedom from looming Brexit uncertainty where the pound and euro are also in concern. Through Binance Jersey, we want to help bridge the crypto-fiat channel for Europe and the U.K. as part of our global expansion to support broader cryptocurrency adoption”.

    If you are familiar with trading on Binance, then you will feel at home on their new exchange – it uses the same engine and the trading screen is laid out in the same fashion with the option to choose between Basic and Advanced views:

    Binance Jersey Trading Screen

    To fund your account in fiat, you will first need to complete the KYC process, once that is done you can then deposit funds directly from your bank account by linking it from the Deposits screen. You can also fund your account with BTC or Ethereum. Once you have your account setup and bank account linked, you can also withdraw funds in fiat currency – this is great news as Binance is now able to offer a way for investors to cash out their cryptocurrencies.

    We have upgraded our review scores below and we feel this is a huge improvement to Binance’s Exchange offering, if they manage to roll this out to even more countries ( USA is currently excluded) it could be a game changer as people now have an extra, regulated fiat on and off ramp for their holdings.

    Buying Bitcoin with Australian Dollars

    On March 20, 2019, Binance announced the launch of Binance Lite Australia, the continent’s first fiat gateway to the world of cryptocurrencies which provides a secure, reliable, and easy to use way to buy Bitcoin with cash in Australia.

    The cash-to-Bitcoin brokerage service operates via a network of over 1,000 newsagents across Australia, and currently allows anyone to buy Bitcoin using Australian Dollars (AUD), and there are plans to include additional digital currencies and fiat purchasing options in the future.

    Users must first undergo account verification on Binance Lite, and after being successfully verified, users can place online orders and deposit cash at their nearest newsagent, in order to receive their pre-ordered Bitcoin.

    The Binance Lite brokerage service is operated by InvestbyBit, an independently operated subsidiary of the Binance.com cryptocurrency exchange. The service aims to simplify the process of purchasing cryptocurrencies and make digital assets such as Bitcoin readily accessible across Australia.

    • Fees A 2.5% transaction fee (50% discount applied) plus GST on the transaction fee for each purchase is currently being charged as an introductory rate. Therefore, for a $50 order, the transaction fee will be $1.22 and the GST will be 10% of the transaction fee, which is $0.12.
    • Limits The system is currently in its Beta phase, and the minimum purchase amount has been lowered to $30 with the maximum purchase amount capped at $1000. These limits may change over time and only multiples of $10 are being accepted, such as orders for $50, $60, $70 etc.

    Verification

    First time customers are required to go through a one-time Know Your Customer (KYC) document verification. When using the service, it’s necessary to follow the instruction prompts after the order page and go through the verification.

    In order to complete the verification process, it’s necessary to submit 1 or 2 forms of government issued ID documents as a Passport, Driver’s Licence, or Medicare card, in addition to your residential address. Any returning customers, who have already completed KYC verification, will be sent to the order summary page directly after opening a new order.

    Each account is linked to a mobile number, and users should ensure to use the mobile number provided when first completing the verification process. Anyone choosing to use a new mobile number will be required to complete the ID verification process once again.

    Paying by Debit and Credit Card

    Binance allows users to make debit and credit card payments for cryptocurrencies via a partnership with Simplex. It’s possible to purchase Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and XRP tokens by Visa and MasterCard and the benefits of using a debit or credit card on Binance include:

    • Swift Transfers: Average 10-30 mins for cryptocurrency to reach your wallet
    • Low Fees: only 3.5% per transaction or 10 USD, whichever is higher
    • Convenient: Visa and MasterCard accepted

    In order to purchase the supported cryptocurrencies with a debit or credit card, users can first go through the official instructions page and then visit: https://www.binance.com/en/creditcard.

    Binance Launchpad and Initial Coin Offerings (IEOs)

    Binance Launchpad is the exchange’s token launch platform that aims to connect blockchain projects with the greater cryptocurrency community and enable projects to raise funds while interacting with Binance’s significant user base. In December 2017, the BREAD and GIFTO projects were able to hold successful token sales on Binance Launchpad and projects such as BitTorrent and Fetch.AI have also held successful launches in 2019. The platform makes use of the exchange’s native BNB token and rewards users for holding the token as well as allowing it to be used to participate in token sales.

    Read: What is an IEO?

    How Token Offerings Work on Binance Launchpad

    The ability to part in token offerings continues to attract a significant amount of users to Binance and it’s necessary to go through a number of steps in order to get used to the Launchpad platform. Anyone interested in a project should first go to the Binance Launchpad website and click on the project page and thoroughly research any of the projects on offer. If not already done, it’s also necessary to complete your Binance account verification, as token sales are carried out in compliance with the regulatory requirements in supported user jurisdictions.

    The Lottery System

    Binance Launchpad operates a lottery system which sees that the number of lottery tickets you can claim being dependant on the amount of BNB tokens you hold in your Binance account over a 20-day period leading up to the day of the lottery, with a maximum of up to 5 tickets per eligible account.

    The 20 days leading up to the lottery draw date is represented by X below, and  by example, 100 ≤  X < 200 means that your BNB balance over the entire 20-day period is kept at 100 BNB or more, but does not exceed or reach 200 BNB.

    A snapshot at 0:00 AM (UTC) each day records each user’s BNB balance, and should your BNB balance drop below the minimum balance required on any given day during the 20-day period, they will be put into the lower threshold.  For example, if User A holds 301 BNB for 19 of the 20 days but their balance drops to 299 BNB on one day. They will move to the lower threshold and only be eligible to claim 2 lottery tickets.

    Before the actual lottery date, users are given a 24 hour period to select how many lottery tickets they wish to enter, with the maximum number based upon their BNB holdings over the previous 20 days. Here, if a user submits an entry of 5 tickets and 2 tickets end up winning, they are committed to pay for 2 ticket allocations (in BNB) for the tokens.

    Each lottery ticket has a unique number with multiple lottery ticket holders, obtaining tickets with consecutive numbers. For example, when claiming 5 tickets, the tickets may be numbered 100010, 100011, 100012, 100013 and 100014.

    Once the 24 hour period ends and all tickets have been fully issued, Binance begins to randomly select multi-digit numbers. These are matched against the tail digits of all issued tickets in order to determine the list of winners. The selection process continues until the maximum number of winners are matched, and the respective BNB is deducted from each winning user’s balance, as soon as they are deemed a winner.

    Binance announces the maximum number of potential lottery ticket winners, and the allocation amount corresponding to each winning ticket in advance.

    Conclusion

    Currently, the matching engine of the exchange is capable of processing approximately 1.4 million orders each second, hence making it one of the fastest exchanges available on the market. Additionally, the exchange works on all forms of devices, including web, Android, WeChat, and HTML5. Non-English speakers will be happy to know that Binance offers multiple-language support in Chinese, English, Korean and Japanese.

    Based on everything that has been outlined so far, Binance is undoubtedly the leading Cryptocurrency Exchange and offers great fees and awesome digital currency support. As it reportedly has access to abundant resources and partners, chances are that Binance will continue to evolve and offer great digital currency exchange services to its clients. We are happy to recommend Binance and have added it to our list of the Best Cryptocurrency Exchanges.

    Update, April 2019: We have continued to update this review since Binance was first launched ( we were one of the first to offer a review of the platform at the time ). And as time has progressed, time and time again Binance have proven to be one of the very best, if not the best, exchanges available. Their CEO Changpeng Zhao (CZ for short) has been part of the cryptocurrency community and shown high standards of integrity. Binance the exchange has continued to innovate, bringing new products to market and new options for purchasing and trading cryptocurrencies to all corners of the globe


    Visit Binance »



    آخرین ویرایش: چهارشنبه 11 اردیبهشت 1398 02:26 ب.ظ
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  • بایننس
    ادمین وب سایت چهارشنبه 11 اردیبهشت 1398 01:19 ق.ظ نظرات ()

    Beginners Guide to Binance Exchange: How to Open Binance Account and What You Should Know


    Beginners Guide to Binance Exchange: How to Open Binance Account and What You Should Know

    This beginners guide to binance exchange will cover everything you need to know about Binance exchange and how to open Binance account easily.

    Beginners Guide to Binance Exchange, Open Binance Account, binance exchange, how to open binance account, binance account, Beginners Guide to Binance Exchange

    Binance is one of the fastest growing exchanges in the cryptocurrency market, being the 10th biggest crypto exchange in only 5 months. The surging popularity of Binance stems from multiple factors, from catering to multiple languages, having a clean user interface and most notably, an extremely high throughput (data processing speed). It is important to note that Binance is a crypto-only exchange, and does not cater to fiat deposits. (Read more: Crypto Guide 101: Choosing The Best Cryptocurrency Exchange)

    Why Should I Open a Binance Exchange Account?

    Binance is growing at an astounding rate, and if this keeps up, it will be one of the biggest crypto exchanges based on trading volume. Additionally, many newly coins/tokens that just had an ICO would have a higher tendency to be listed on Binance compared to other big exchange. So if you’ve missed an ICO and wants to catch a hold of a particular coin, Binance would be the recommended choice of exchange due to its large trading volume, which would equate to better prices and a higher probability of your buy/sell orders being filled.

    (See more: Beginner’s Guide to ICO Investing: How to Participate in ICOs)

    How To Open Binance Account?


    Step 1: Go to Binance’s Website

    Make sure you bookmark the page, as there have been many cases of phishing sites that mirror the actual site. As a precaution, you should also examine the URL and look for the “Secure” Certificate to authenticate that this is the original site.

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    Step 2: Complete the Sign-Up Process

    Click on the “Register” tab in the top right-hand corner of the webpage and enter the necessary information. It’s good to have a long and arbitrary password to better secure your account. Verify yourself and click on “Register” to proceed and you’ll receive a confirmation email.

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    Step 3: Enable 2-Factor Authentication (2FA)

    A pop-up should appear on the screen the first time you log-in, and immediately enable 2FA to increase your security. Here’s a Guide to Cryptocurrency Security: Activating 2FA.

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    You’re Done!

    You can now start to deposit your cryptocurrency coins or tokens into your Binance account. You should also know Coins, Tokens & Altcoins: What’s the Difference?

    How Do I Start Depositing to My Binance Account?


    Step 1: Go to the “Deposit” Page

    At your dashboard (or the first page you see when you log-in), click on the “Deposit/Withdrawals” button under the “Funds” tab on the top right-hand corner.

    Beginners Guide to Binance Exchange, Open Binance Account, binance exchange, how to open binance account, binance account, Beginners Guide to Binance Exchange

    (See also: Guide to Cryptocurrency Wallets: Opening a Bitcoin Wallet)

    Step 2: Select the Coin You Want to Deposit

    Search the coin that you want to deposit and press the “deposit” button. It is extremely important to only click the “deposit” button that is specific to the coin that you’re going to deposit. So if you’re depositing Bitcoin (BTC), make sure you click the “Deposit” button only for Bitcoin (BTC). This is because the address for each coin is different. You can just search for the coin in the search field to expedite the process.

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    See also: Bitcoin vs Alt Coins Returns: Comparison of Gains Between Bitcoin & Altcoins Investing

    Step 3: Transfer Your Coins to the Generated Address

    The address you’ll be sending to will be generated in the field under “BTC Deposit Address” (assuming you’re depositing BTC). So if you’re transferring BTC from your wallet or from other exchanges to Binance, this will be the address you send your BTC at. (Read more: Guide to Cryptocurrency Wallets: Why Do You Need Wallets?)

    Beginners Guide to Binance Exchange, Open Binance Account, binance exchange, how to open binance account, binance account, Beginners Guide to Binance Exchange

    Step 4: View Your History

    The history of your deposit will be shown in the “Funds” > “Deposits/Withdrawals” tab. If you’re unsure on how to send or receive transactions, here’s Guide to Verifying Cryptocurrency Transactions.

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    You’re done!


    What is Binance Coin (BNB) and What is it Used For?

    Binance is probably the first exchange that has its own currency, called BNB. BNB allows you to pay for the different types of fees within Binance exchanges that includes:

    • Trading Fees (fees incurred from buying and selling coins)
    • Withdrawal Fees
    • Listing Fees

    By using BNB coins to pay for the above fees, you will get a significant discount, which affords you 50% discount in the first year. Here’s the schedule of discount you will get by using BNB coins:

    Beginners Guide to Binance Exchange, Open Binance Account, binance exchange, how to open binance account, binance account, Beginners Guide to Binance Exchange

    Not only that, you can also use BNB to invest in ICOs that are listed on Binance exchange. Binance has their own ICO platform that allows only BNB holders to invest in ICOs listed there, and the ICO usually lasts less than 60 seconds!

    “BNB is also a deflationary currency as Binance will use 20% of profits to buy back BNB from the open market and destroy them, therefore reducing the overall supply of BNB. This will, in turn, increase the prices of BNB assuming there is steady or greater demand for a lesser supply of BNB.”

    Beneficial Resources To Get You Started

    If you’re starting your journey into the complex world of cryptocurrencies, here’s a list of useful resources and guides that will get you on your way:

    Guide to Bitcoin Hard Forks, Bitcoin Hard Forks, bitcoin cash, Bitcoin Gold, segwit2x

    Trading & Exchange

    • Crypto Guide 101: Choosing The Best Cryptocurrency Exchange
    • Guide to Bittrex Exchange: How to Trade on Bittrex
    • Guide to Binance Exchange: How to Open Binance Account and What You Should Know
    • Guide to Etherdelta Exchange: How to Trade on Etherdelta
    • Cryptocurrency Trading: Understanding Cryptocurrency Trading Pairs & How it Works
    • Crypto Trading Guide: 4 Common Pitfalls Every Crypto Trader Will Experience

    Wallets

    • Guide to Cryptocurrency Wallets: Why Do You Need Wallets?
    • Guide to Cryptocurrency Wallets: Opening a Bitcoin Wallet
    • Guide to Cryptocurrency Wallets: Opening a MyEtherWallet (MEW)

    Read also: Cryptocurrency Accounting Guide: How Do I Calculate My Crypto Gains? and Crypto Beginners Guide: 5 Things Crypto Newbies Should Know


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    آخرین ویرایش: چهارشنبه 11 اردیبهشت 1398 02:26 ب.ظ
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    ادمین وب سایت چهارشنبه 11 اردیبهشت 1398 01:16 ق.ظ نظرات ()

    Are you looking for a reliable and easy to appeal exchange? Just take a closer look at Binance.


    What is Binance


    Binance supports cryptocurrency trading only. If you don't have it then you have to buy it to begin working with the platform. Exchange provides fiat currency: Localbitcoins, Crex24, EXMO.


    Reasons to Use Binance


    The interface is simple for beginners to work and includes many coins and options to make experienced traders happy. Players are offered a choice: basic or advanced settings.

    Traders may start with easy transactions and step to complex operations with limit and stop-limit orders.


    How to open a Binance trading account


    Go to Binance home page and click Sign Up, then you have to provide the email, and create a password.


    Select the Terms of use, then push "Register."


    Further instructions will be sent to the email. The participants need to finish registration by clicking on the link "Confirm email".


    When users log in for the first time, they will be notified to configure the 2FA two-factor authentication system.


    How to use Google Authenticator with Binance


    2FA is two-factor verification. This is a security system that gives traders an additional code. This customer verification method requires the standard password and additional code. The code will be given via SMS or in the Google Authenticator app to choose from.


    To figure out how to use the Binance app, clients have to get a profile. The application interface is even more simple than the version in the browser. You just have to download it from Play Store/App Store.


    How to Fund on Binance


    Traders can transfer cryptocurrency to the exchange from another exchange or wallet. How to use Coinbase for Binance? Take the Ethereum (ETH) cryptocurrency to deposit the Binance profile.


    1. Log in to Coinbase and click on "Accounts". Then click "Submit" where it says "ETH Wallet".
    2. Log in to Binance account. On the tasks panel select Funds and Deposits.


    After that you have to choose cryptocurrency. Binance has Ethereum digital number and you simply send funds to it. Use it at the "Recipient" field in Coinbase profile. Enter the Ethereum amount. Click Submit.


    How to Trade on Binance


    There are two Binance trading types: basic and advanced.


    Basic trading has an simple structure for newbies. It displays only important data for doing transactions.


    Advanced trading provides experienced players approach to all the charts to help to create complicated transactions.


    How to use Binance for simple transactions:


    1. Log in to the Binance profile.
    2. Push on Exchange in the tasks panel (Basic option).
    3. Select a trading pair. Bitcoin may be exchanged with 143 various coins. Ethereum - 140.


    Binance offers 3 trading ways to work with:


    1. Limited orders allow market players to set coins` price. 
    2. Market orders help you to make sure that all the transactions are set correctly.
    3. The stop limit feature allows users to create a purchase order in the specified price range.


    Choose “market” button if you are satisfied with the price. Enter the sum of coins you would like to purchase. Click "Buy".


    How to use stop limit on Binance


    What is the stop limit? It is the same limit for an order which is placed on the exchange when the price reaches the required value and not immediately after registration. Traders usually use Stop Limit to hide their orders from others or to sell coins in case of an unexpected fall.


    Take this as an example: trader bought NEO for $80 and expect the coin to grow. But it is likely that this sum will fall to $70. Then player set a Stop Limit for sale, in which the transaction appears on the stock exchange when the price drops to $74. The minimum selling price is $70.


    If you decide to put up such a deal without a stop limit, your coins would be bought at the current market price.


    For sale, go to the Stop Limit tab:



    Set the price 74 in the Stop field and 70 in the Limit. Then press the “Sell NEO” button and the order will appear below. This is the way how to use stop loss at Binance.


    Consider this option for purchase. For example, you think that NEO will grow to $90. Install in the Stop field $90, in the Limit field - $95.




    How to use Binance to buy Ripple


    One of the questions is how to buy Ripple on Binance? User needs to deposit cryptocurrency and trade it for one of the 4 presented, and then buy XRP.


    How to use USDT on Binance? Before entering a specific coin to the exchange to buy an XRP, check if the pair is being traded: XRP/ETH; XRP/BTC; XRP/USDT; XRP/BNB.



    The exchange itself looks like this.



    You can transfer any currency to the exchange and trade it for BTC or ETH for the purchase XRP in the Binance service. But in order to withdraw Ripple traders need a wallet for XRP.


    1. To trade some BTC for XRP push "Deposits and cash withdrawals".
    2. Choose "Deposit" opposite BTC. Copy the address of the deposit Bitcoin account. From the BTC wallet send the desired coins to this address.
    3. To take XRP, go to the exchange platform and choose XRP/BTC currency pair.
    4. Select price and make the needed XRP.
    5. Push on "Buy".


    How to use Binance Neo wallet


    Binance has built-in NEO wallets which allows you to receive NeoGAS. It happens each month.


    To purchase a NEO, go to the Exchange tab and choose the option to display the trading interface.


    Select from the list NEO cryptocurrency and the main coins (BTC, ETH, BNB, USDT). When you want to transfer other coins to the exchange, for example Litecoin, then they should be exchanged for the main ones which NEO is paired.



    You can always analyze this graph, and select the entry point.



    Create an order for the purchase. The amount must be specified in % of the base cryptocurrency balance.



    Here you select "Active" - "Balance". There is the total number of cryptocurrencies on the wallet.


    Trading Fees


    Binance applies various fees for withdrawing funds for any cryptocurrency. When traders getting Ethereum, they will pay 0.01 ETH. When users getting Ripple - 0.25 XRP.

    The commission for trading in finance is limited to 0.1% for every deal. The commission is cut by 50% when players pay by Binance Coin.




    آخرین ویرایش: چهارشنبه 11 اردیبهشت 1398 02:26 ب.ظ
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