Binance exchangebeginners guidethebitcoinnewscom
Cardano is a good coin and can bring good profit!! Guide how to buy Cardano on Binance. As a follower of followforupvotes this post has been randomly selected and upvoted!
Enjoy your upvote and have a great day! Actually, it will be even better, if you can include Chinese for this tutorial bro: Thank you very much htliao. I am the beginner in the cryptocurrency market. I actually started to study more information about cryptocurrency after I have attended your presentation previously held in Kerry Hotel in January.
Log in to your Binance account Of course, the first thing to do is to log in to your own Binance account. Authors get paid when people like you upvote their post. Thanks for the tutorial. Happy to know that it helps. The gif is so cute! I did that long time back and have not use it for a while. Thank you so much for guiding us. Didn't realize Binance accept steem deposit, sweet! I did not know that the Steem was available in binance: It has been increasing with a gradual slope, while coinbase.
It is interesting to notice that despite being pro-Chinese, the highest number of visitors it pulls are from USA, which is whopping Japan, Vietnam and UK are third, fourth and fifth respectively.
Binance has a large social media influence compared to other exchanges, which again has enhanced its popularity and reach. Signing-up on Binance is very easy, especially for new users who want to register for a Basic account.
An advanced sign-up requires your government issued ID, which might take some time to verify. A basic account however, is almost instantly ready to use. You can transfer the cryptocurrency from your other accounts and start trading instantly on Binance.
On top of that you can also access lots of new coins from ICOs. At first, enabling 2FA two-factor authentication was only possible for Chinese users, but now Binance has opened this option for international users as well.
International users can either enable SMS verification through OTP one-time password or can use Google Authentication for signing-in and withdrawing funds from their account. Binance is one of the most secure exchanges because it is yet to have been hacked, however they have received complaints from users that have lost coins from their accounts because they were not secured by 2FA, hence it is highly recommended to use and enable 2FA on all your cryptocurrency exchanges. To get level 2 verification, you need to submit your passport as well as a picture of yourself holding the passport.
All these conditions make verification an elongated process, but once submitted correctly, the turn-around time is relatively low. Binance quickly verifies the documents and upgrades your account from Level 1 to 2. Binance supports a hub of cryptocurrencies and ICO Tokens. There are many tokens that you will not find elsewhere, only on Binance. Currently, it supports more than cryptocurrencies and tokens. The fact that some ICO tokens are only available on Binance has really added to the growth of the exchange.
It brings a whole new set of investors to the table, angel investors or early investors that have an increased risk appetitie. That is the reason why Binance continues to operate as the third largest cryptocurrency exchange by trading volume. Binance has gained an instant popularity because of its low trading fees and added discounts with BNB coin. No other cryptocurrency exchange can provide such low fees, nor can they transact such massive volumes of currency in a matter of hours.
Binance has an extensive and fundamentally solid network, that supports maximum users with minimum hassle. The Binance fees are the lowest on the market at 0. Bittrex charges around 0. Coinbase charges almost 1. People are also extensively using PayPal to trade crypto-assets, but for Binance the credit cards and PayPal do not work. Binance is the only one that charges 0. Such features are not available with any other exchange of the world. Binance has two separate sections on their website — one is announcements, where users can find the latest news related to the cryptocurrency exchange.
The other section contains a hub of FAQs, which are further divided into sub-sections that make it easy to refer even for a new user. They also have a separate section where they invite users to submit requests. To help deal with their grievances in a faster manner, they have a drop-down menu with some common issues pre-listed for the ease of the customer.
It will redirect you to another window where you can write your issue down and submit your request.