Binance is a cryptocurrency exchange that provides a platform for trading various cryptocurrencies. As of January 2018, Binance was the largest cryptocurrency exchange in the world in terms of trading volume.
If you want to invest in Binance, there are a few things you need to know. First, you need to set up a Binance account. You can do this by going to the Binance website and clicking on the “Register” button. Once you have registered for an account, you will need to deposit some funds into your account.
You can do this using either a credit/debit card or a bank transfer. Once your funds have been deposited, you will be able to trade cryptocurrencies on the Binance platform.
To trade on Binance, you will need to use the “spot” market. The spot market is a market where you can buy and sell cryptocurrencies at their current price. To buy a cryptocurrency on the spot market, you will need to place a “buy” order.
To sell a cryptocurrency on the spot market, you will need to place a “sell” order. Orders can be placed manually or automatically using the stop-limit feature.
When placing an order, you will need to specify the price at which you want to buy or sell the cryptocurrency. You will also need to specify the amount of cryptocurrency you want to buy or sell.
Once your order has been placed, it will be executed when the price of the cryptocurrency reaches your specified price. If you are using the stop-limit feature, your order will be executed when the price of the cryptocurrency reaches or falls below your specified stop price.
In conclusion, investing in Binance is relatively simple. You will first need to set up an account and deposit funds into it.
You can then trade cryptocurrencies on the Binance platform using either the spot market or the stop-limit feature.