Binance is a cryptocurrency exchange that offers a platform for trading various cryptocurrencies. As of January 2018, Binance was the largest cryptocurrency exchange in the world in terms of trading volume.
There are a few things you need in order to trade on Binance:
A Binance account. You can create one here.
A supported cryptocurrency. Binance currently supports over 50 different cryptocurrencies, which you can find here.
If you want to trade in fiat currency (USD, EUR, etc.), you will need to first purchase a supported cryptocurrency with another exchange or service, and then deposit it into your Binance account.
Once you have created an account and deposited a supported cryptocurrency, you are ready to start trading!
NOTE: WARNING: Trading in cryptocurrencies on Binance can be highly risky and you should not participate unless you have a thorough understanding of the risks associated with trading. There is no guarantee of a successful investment or return, and the value of cryptocurrencies can fluctuate significantly. You may lose your entire investment. You should only trade with money you can afford to lose. Do your own research before investing and never risk more than you are willing to lose.
On the Binance platform, there are two types of orders that you can place: limit orders and market orders.
Limit orders allow you to specify the price at which you want to buy or sell a cryptocurrency. A market order will execute immediately at the current market price.
If you want to buy a cryptocurrency, you will need to place a buy order. To do this, go to the “Exchange” tab and select the currency pair that you want to trade (for example, ETH/BTC).
Then, enter the amount of ETH or BTC that you want to buy, select “Limit” as the order type, and enter your desired price. Finally, click “Buy ETH” or “Buy BTC”.
Your order will remain open until it is filled or cancelled. You can view your open orders by going to the “Orders” tab.
Once your order is filled, you will see your newly purchased currency in your “Funds” tab. Congratulations, you have just made your first trade on Binance!.
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Assuming you already have a Binance account (if not, here’s a link to sign up for one), logging into the Binance exchange is relatively simple. The first thing you need to do is go to the Binance homepage and click on the ‘Login’ button in the top right-hand corner. This will take you to the login page, where you will be prompted to enter your registered email address and password.
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