Whats is Binance?
Binance is a global cryptocurrency exchange that provides a platform for trading more than 500 cryptocurrencies. Since early 2018 .
CEO Changpeng Zhao had previously founded Fusion Systems in 2005 in Shanghai; the company built high-frequency trading systems for brokers. In 2013 he joined Blockchain.info as the third member of the cryptocurrency wallet’s team. He also worked at OKCoin as CTO for less than a year, a platform for spot trading between fiat and digital assets … Read More Wikipedia
List Coins Binance
Binance support +500 Cryptocurrency and Altcoin that trade in pair coin . See on this link .
Register in Binance
Step 1 : Firs go to the Binance homepage and click on Register. Same This …
Note ! Registration by this link includes discounts on fees.
So You’ll be redirected to the registration page , where you’ll need to enter your email address and create a password. It’s good to have a long and arbitrary password to better secure your account .
An email will now be sent to you. finally Click on Verify Email to complete your registration.
Step 2 : Enable 2-Factor Authentication (2FA) ( Not Necessary but important )
At first login appear a popup message like this …
more information about google 2FA in this link …
Step 3 : according picture go Deposit page
Select your favorite Coin , We suggest Bitcoin because this coin support more coin …
Note : Each currency has a specific address. So be careful.
Trading in Binance
Step 1 : First go to the currency exchange ( Basic Mode ) .
Plus, most cryptocurrency exchanges have a similar trading interface so what you remember here, in all likelihood, will be relevant elsewhere…
You will see 4 options for your primary trading coin (BTC, ETH, BNB, and USDT). You can select one of these (BTC for example), then search for the coin you want to trade with.
type the coin you want to trade in the search box below(I will type XRP).
Step 2 : Buying/Selling Cryptocoins
- Go to the Order tab (you can see it in the picture below).
- Choose the desired amount. (Here you can set the number of coins or the percentage of your ETH balance)
- Click Buy/Sell
Step 3 : Important !! STOP LESS
Stop-Limit Order(stop-loss or buy-stop) – a feature that allows you to choose a price (higher for selling and lower for buying) that you want to trigger a market order at. You can use this to protect your funds from losses and take advantages of run-ups. The stop-loss feature is a smart way to manage potential losses.
On Binance, you can find the Stop-Limit option on the tab next to Market. While in the Basic Exchange page, click on Stop-Limit (next to the Market tab), and you will see the following picture.
The last traded price of BNB is 0.000165 BTC, and the resistance is around 0.000169 BTC. If you think that the price will go higher after the price reaches the resistance,So you can put a Stop-Limit order to automatically buy more BNB at the price of 0.000170 BTC. This way you won’t have to continuously watch market movements waiting for the price to reach your target price.
Approach: Select “Stop-Limit” order, then specify the stop price to be 0.000170BTC and the limit price to be 0.000172BTC, with quantity as 10. Then click the button “Buy BNB” to submit the order.
To Query Existing Orders: Once orders are submitted, existing ‘stop-limit’ orders can be found and reviewed in “open orders”
When orders are executed or discarded, your stop-limit order history can be found in “My 24h Order History”
From what you see, there are three parameters in both Buy and Sell sections you need to enter.
- The Stop price – Enter the price at which you want the Limit order to appear on the order book.
- The Limit price – Enter the price at which you want to sell your token.
- The Amount – Enter how many tokens you want to sell (the amount of coins).