What is Binance?
Binance is a major Hong Kong cryptocurrency exchange which is widely regarded as the most convenient and reputable exchange due to a large number of available altcoins, high speed of transactions and a user-friendly interface which is suitable for beginners who only make their first steps in the crypto world. Despite the fact that this exchange was founded in 2017, it managed to surpass the majority of its competitors having the 4th largest trading volume as of June 2018. That’s why it is important to learn how to use Binance.
NB! Binance only offers its users C2C exchange, so fiat money is not accepted here. On top of that, you cannot purchase Bitcoin on Binance.
How to Create an Account on Binance?
Binance: how to use this exchange before registration? The first thing that you have to do before buying any cryptocurrencies on Binance is to create a new account (if you do not have one). Go directly to https://www.binance.com and choose the ‘Registration’ option. Then you have to fill out the required information in order to create an account and verify your e-mail address.
Binance: how to use this exchange before registration? The first thing that you have to do before buying any cryptocurrencies on Binance is to create a new account (if you do not have one). Go directly to https://www.binance.com and choose the ‘Registration’ option. Then you have to fill out the required information in order to create an account and verify your e-mail address.
Binance security features include:
- 2FA (SMS or Google Authenticator);
- Anti-Phishing Code;
- API.
You will be asked to enable 2FA to enhance the security of your newly created account, but this is an optional feature. 2FA may prevent scammers from stealing your coins. How to use Google Authenticator Binance? In order to log in to your account, you have to type in a unique six digits code from an ordinary SMS or a Google app. There are also some additional safety measures (Anti-Phishing Code and API). Those who take trading seriously have to learn how to use Binance API.
How to Deposit Funds to Binance?
If you want to deposit money, go over to ‘Funds’ and choose the ‘Deposit’ option. Here you can see all the assets listed on Binance that can be easily deposited (expect for those that have a yellowish exclamation point next to them). Type in any cryptocurrency and click on it to generate a deposit address. As an alternative, you can simply scan a QR-code if you have a mobile wallet. There are no fees when it comes to depositing money to this platform, but Binance charges fees for trading and withdrawals.
for more info click here:- https://cryptocurrencysupport.info/exchange/binance/
