Today, I’m going to teach you how to use Binance. Buying and selling cryptocurrency can be really stressful so it’s important to choose an exchange that you can trust. It’s also important to find an exchange that meets your needs and isn’t too complicated to use.
There’s nothing worse than opening an account on an exchange and then realizing you don’t know how it works!If you’re thinking about opening an account with Binance, then read on.
In this tutorial, I’ll teach you everything you need to know about how to use BNB. I’ll show you how to sign up, how to trade on Binance and what BNB trading fees you’ll have to pay. I’ll also tell you how safe the exchange is to use and even what kind of users it’s designed for.
BNB Exchange Review
By the time you finish reading, you’ll know all about one of the biggest exchanges in crypto and, more importantly, you’ll know how to use Binance!I’ll begin with a short introduction to the exchange
Binance was founded in China in 2017 by Changpeng Zhao and Yi He. He and Zhao both worked at the OKCoin exchange before deciding to build their own crypto exchange.The company was forced to leave China in September 2017 after the Chinese government banned cryptocurrency trading. It has since had offices in Japan and Taiwan. It’s currently based in Malta.Binance has its own cryptocurrency called Binance Coin (BNB). The exchange used an initial coin offering of Binance Coin to raise 15 million USD worth of funding in July 2017. Discounts are offered to traders who use BNB to pay trading fees (which I will explain in detail a little later!)
CoinMarketCap lists Binance as the second biggest crypto exchange on the market. In the last 24 hours, more than 1.4 billion US Dollars worth of cryptocurrency has been traded on it.Binance is a crypto-to-crypto exchange. This means that users can only use it to trade cryptocurrencies. If you don’t already own some cryptocurrency, then you’ll need to buy some before you can start trading with Binance. I suggest using an exchange that offers fiat currency trading like Coinmama, CEX.IO or Coinbase.
Once you have cryptocurrency, you can use it to trade with more than 200 coins and tokens on Binance. Now you know what it is, you’re ready to learn how to use Binance!Before I can show you how to use Binance, I need to show you how to open an account.