How to use Binance and make big profits

Binance is one of the largest cryptocurrency exchanges in the world. Founded in 2017, it is based in Malta and currently operates in 33 countries, including Japan, Korea, and the United States. Binance has more than 1.4 million users and has a trading volume of $1.6 billion as of December 2018. That makes it one of the most popular cryptocurrency exchanges in the world.

Binance is also one of the cheapest exchanges to use. It charges a 0.05% trading fee and a 0.25% transaction fee. For context, most other popular cryptocurrency exchanges such as Bittrex, Poloniex, and Kraken charge between 0.25% and 0.75%. That’s why Binance is also known as the “Binance Exchange” or the “Binance Coin Exchange”.

In this article, we’ll show you how to use Binance and make big profits.

Step 1. Create an account at Binance

First, head to Binance and set up an account if you don’t already have one.

Next, you’ll need to fund your account by either transferring funds from a bank account or using a credit card. However, for this example, we’ll assume you’re funding the account with Bitcoin or Ethereum.

Step 2. Get Bitcoin or Ethereum first

For this example, we’ll use Ethereum because it’s easier to buy large amounts of Ethereum. However, if you already have Bitcoin, you can easily use that to buy Ethereum instead.

First, you’ll need to sign up for an account with a cryptocurrency exchange. For this example, we’ll use Binance again because it’s the largest cryptocurrency exchange in the world.

Next, you’ll need to deposit the funds you want to use to buy Ethereum. For this example, we’ll use Binance again because it’s one of the largest cryptocurrency exchanges in the world.

Step 3. Set up a Binance account address

Next, you’ll need to create a Binance account address. This is where you’ll send the funds you’ve transferred from the exchange.

For this example, we’ll use Binance’s “Myegy” account address format: “Myegy0xbb346213b”. Remember, this example is using Ethereum, but you can use any coin.

Step 4. Deposit Bitcoin or Ethereum to Binance

To buy Ethereum with Bitcoin or another altcoin on Binance, you’ll need to fund the Binance account address you just created.

So, go to the “Funds” page, find the Binance account address you’re using, and send the funds to it. For this example, we’ll use “Myegy0xbb346213b”.

Step 5. Trade on Binance

Finally, we reach the fun part. On Binance, you can now trade Ethereum for other cryptocurrencies or tokens, or you can simply hold it if you want to become a long-term investor.

Browse the trading list and look for an investable coin or token you’d like to buy. Note that some tokens are only tradable during a specific time of the year, while others are simply rare.

Find the buy/sell button for the token you want to buy and click/tap on it. This will bring up a buy/sell box with the current exchange rate for Ethereum. Simply enter the amount you’d like to spend in ETH and press “BUY” or “Sell”.

That’s it! After you finish those five easy steps, you should have a good amount of Ethereum in your Binance account. From here, you can simply sit back and watch your Ethereum investments grow.

Conclusion

Binance is one of the largest cryptocurrency exchanges in the world. Founded in 2017, it is based in Malta and currently operates in 33 countries, including Japan, Korea, and the United States. Binance has more than 1.4 million users and has a trading volume of $1.6 billion as of December 2018. That makes it one of the most popular cryptocurrency exchanges in the world.

Binance is also one of the cheapest exchanges to use. It charges a 0.05% trading fee and a 0.25% transaction fee. For context, most other popular cryptocurrency exchanges such as Bittrex, Poloniex, and Kraken charge between 0.25% and 0.75%. That’s why Binance is also known as the “Binance Exchange” or the “Binance Coin Exchange”.

In this article, we’ll show you how to use Binance and make big profits.

First, we’ll go over the Binance user interface and show you how to sign up for an account. Then, we’ll discuss the Binance platform and its security features. Finally, we’ll go over how to use the Binance trading platform to buy and sell cryptocurrencies.

Sign Up for a Binance Account

Binance is one of the easiest cryptocurrency exchanges to use. It has a simple user interface that is easy on your eyes and doesn’t make you feel overwhelmed. We can tell you from experience that after you get through the sign-up process, you won’t have any problems making trades on this exchange.

There are five steps in total when signing up for a new account with Binance: entering your email address, creating a password, setting up two-factor authentication (2FA), verifying your phone number, and confirming your email address. Let’s take a look at each part of this

process.

Step 1: Enter Your Email Address

The first step is to enter your email address. You will receive an email confirmation, so make sure that you enter it correctly. If you don’t get the email, check your spam folder. If it’s still not there, then contact Binance through their support ticket system.

Step 2: Create a Password and Set up Two-Factor Authentication (2FA)

Next, create a password for your account by typing in a combination of at least 8 characters that are both alphanumeric and special (i.e., containing a symbol such as ! or #). Then, set up 2FA by clicking the “Set Up 2-Factor Authentication” link on the left side of the page. You can set this up with Google Authenticator or Authy (both free apps). Or you can use SMS Verification if you don’t have a smartphone or don’t want to use an app.

Step 3: Verify Your Phone Number

The next step is to verify your phone number. This can be done by entering your country code, followed by your phone number, and then clicking the “Submit” button. You will receive a text message with a confirmation code. Enter the code and click “Submit” again. This will confirm that you have set up 2FA successfully and that you have entered your phone number correctly. If you don’t receive the confirmation text message, check your spam folder or contact Binance through their support ticket system.

Step 4: Confirm Your Email Address

The next step is to confirm your email address by clicking on the link in the email sent to you after registering for an account on Binance. The link will take you to a page where you can enter a new password for your account, and then click on “Confirm Email” at the bottom of the page.

Step 5: Fund Your Binance Account

The next step is to fund your Binance account. This can be done by clicking on the “Funds” link at the top left of the screen and then selecting “Deposits” from the dropdown menu. After that, you will need to find your preferred cryptocurrency (for example, “Bitcoin”) and click on the “Deposit” button next to it. On the next page, you will see a long string of numbers and letters (a wallet address). This is where you send your funds in order to deposit them into your Binance account. You can either type this address into your wallet (or exchange) of choice or scan the QR code provided by Binance using an app like Bitcoin Wallet for Android or Blockchain – Bitcoin & Ethereum Wallet for iOS. If you are depositing with a cryptocurrency other than Bitcoin, you will need to search for your preferred currency and repeat the previous step.

Step 6: Buying TRON (TRX) on Binance

Once your deposit has been received, you can click on the “Exchange” link at the top of the screen. On this page, you will find a list of cryptocurrency pairings. In order to buy TRX, you need to find the pairing with your deposited cryptocurrency (for example, TRX/BTC). Click on this pairing and wait for it to load. Now that you’re on the TRX/BTC page, look for the “Buy TRX” section at the bottom of the screen. In order to buy TRX, you will need to use either Binance Coin (BNB), Bitcoin (BTC), Ethereum (ETH), or USDT (Tether) in this section. If you don’t currently have any of these coins or tokens in your Binance account, click on one of the links to open the trading pair page. Once you find the pairing you want, click on it and then search for “Buy TRX” in the right-hand column.

If you don’t already have a Binance account, click here to create one.

Now that you are on the TRX/BNB, TRX/BTC, TRX/ETH, or TRX/USDT page (depending on which coin or token you selected), enter in the amount of your chosen currency or token that you would like to spend. You can also choose to use all of your available funds if you wish. Next, enter in the price per unit of your currency or token that is displayed at the top of this screen into the “Price” box (you can also choose USD if you prefer to see prices in dollars).

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