Binance, Exchanges

How Do You Trade on Binance App?

In order to trade on Binance, you will first need to deposit some cryptocurrency into your account. To do this, navigate to the “Funds” tab and click on the “Deposit” button for the currency you wish to add.

On the next page, you will be shown a wallet address to send your funds to. Once your deposit has been received, it will appear in your “Account Balance” under the “Funds” tab.

Now that you have some cryptocurrency in your account, you’re ready to start trading! To do this, go to the “Exchange” tab and select the currency pair you wish to trade. For example, if you want to trade Bitcoin for Ethereum, you would select the “BTC/ETH” pair.

NOTE: Warning: Trading on the Binance app involves a high degree of risk and may not be suitable for all investors. Before trading, you should carefully consider your objectives, financial situation, needs and level of experience. You should also seek independent financial advice if necessary. Additionally, please ensure that you are aware of the risks associated with cryptocurrencies and digital assets such as those found on the Binance app.

On the next page, you will see a chart of the price movements for that currency pair, as well as an order form at the bottom. In order to place a trade, you will need to decide whether you want to buy or sell first.

For this example, let’s say we want to buy Ethereum with our Bitcoin.

To do this, we would enter how much Ethereum we want to buy in the “Quantity” field and then click on the “Buy ETH” button. Your order will then appear in the “Open Orders” section below the chart.

Once your order has been filled, it will appear in your “Trade History” under the “Exchange” tab. Congratulations, you have now successfully traded on Binance!.

Previous ArticleNext Article