All You Need To Know About Binance
If you have to buy or sell a cryptocurrency then you will have to find a platform that can help you in exchanging the cryptos safely. Binance is one of the fastest-growing cryptocurrency trading platforms where you can sell, buy or exchange cryptos in large volumes. The user-friendly interface, use of multiple languages, and high-speed processing of the orders are some of the factors that made this platform popular among the users of these alternative currencies.
Reasons to open an account with Binance
Binance can be the world’s largest crypto trading exchange very soon as it is growing at a very fast speed. A number of newly launched crypto tokens and coins are being listed on this platform as compared to others. So if you are interested in trading in cryptocurrencies then you should open an account at this platform. You can also get some of the latest cryptocurrencies from this platform if you have missed their ICOs.
Opening a trading account with Binance
You can open your trading account with Binance by following a few steps like:
Access the website of Binance, https://www.binance.com and click on the Register’ button on the menu to find a Create a Free Account’ box to start the process of signing up.
Complete the process of Sign-Up by providing the required information. You should follow the instructions and make a powerful password. Before clicking on the Register’ button you should re-type the password. You can get the confirmation of your Binance account through email. So you should check your inbox for this purpose.
Proceed for 2FA or 2-factor authentication
A pop-up will appear as you log-in for the first time to ask you for enabling a 2-factor authentication to ensure the security of your account. In this way, you can set up your account with Binance.
Now you have to deposit funds by clicking on Funds option on the menu and then clicking on the Deposit Withdrawal’ option. It will lead you to the deposit page where you can select the coins, from the list of coins provided on that page, you want to deposit in your account.
After selecting your coin you will have to press the deposit’ button to start the process of depositing funds. It will create a new wallet dedicated to your account with Binance. For each coin, the address of the wallet will be different so that you can deposit your coins in the right wallet otherwise you can lose the coins deposited in your account.
Now you have to access your exchange or wallet to send your coins to the address you have newly generated.
If you want to know about your previous deposits then you can click again on the Funds option on the menu and then click on the History button on the list.
To find out a buy or sell transaction you will have to click on the Exchange button on the menu and then select Basic Exchange’ and select the pair which you want to trade it. You can navigate at a faster speed by using the search field.
Thus, you can use Binance as a platform to sell or buy cryptocurrency of your choice.
Written By : YOUSSEF J A ALMEER