What is Binance exchange? [5 PHÚT] Trading guide & Binance registration

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2021-03-22 12:01:35

Binance is one of the most popular exchanges in the world. Today, invite you to learn all about Binance with CHK.

What is Binance exchange? Overview and guide to registering and buying and selling on the Binance exchange

Binance is the largest cryptocurrency exchange in the world, was founded in Shanghai, China by Changpeng Zhao – CEO of Beiji Technology. Binance supports nearly 400 trading pairs on its platform. In which BNB (Binance Coin) is an internal coin issued by Binance to fund the development of Binance.

Its low transaction fees (0.1%) and fast transaction processing have made Binance the largest trading volume in the crypto market by far. CHK Reply. Binance’s technology is capable of processing 1.4 million orders per second, making it the most promising exchange in the future in terms of trading volume.

Binance supports trading electronic currencies with BTC, ETH, BNB and USDT, which means you cannot top up as USD or pay via Paypal, Visa card, Master card. You need to have BTC, ETH, USDT then transferred to Binance’s wallet and used to trade.

Binance exchange overview

Features of Binance exchange

Like many other cryptocurrency exchanges, the Binance exchange good security, user-friendliness with optimal performance and below are some of the features Binance introduce:

Safe and stable: Binance floor uses a powerful multi-storey knowledge system

Multi-device support: Binance supports many different web browsers, Android, HTML5, WeChat and many other platforms.

High performance: Binance can process 1.4 million buy and sell orders per second.

Multi-language support: Binance platform supports many different languages ​​such as Chinese, English, Japanese, Korean, Russian, Spanish and especially Vietnamese.

High liquidity: Binance offers a number of cryptocurrency pairs with extremely high liquidity.

Supports multiple Coins: Binance exchange allows trading of many different cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), IOTA (MIOTA), NEO (NEO), Bitcoin Cash (BCH), QTUM, Monaco (MCO), Binance coin (BNB), Zcash (ZEC), …

Strong development team: Binance is run by CEO Changpeng Zhao. Overall, their development team has extensive financial, crypto and Wall Street experience, among many other outstanding achievements.

Already have many products: The Binance platform has been deployed on 30 interfaces already. This platform supports all devices and multiple languages, providing a good experience for users.

Transaction costs

Currently, transaction fees on Binance are quite low, only 0.05% per transaction, while the Bittrex exchange fee is 0.25%, Poloniex is 0.1% – 0.25% or Bitfinex is 0.1% – 0.2%. And especially deposit fee of the floor is completely free

Specifically, you charge the withdrawal fee for each coin as follows:

BNB: 1 BNB

BTC: 0.0005 BTC

ETH: 0.005 ETH

LTC: 0.001 LTC

NEO: Free

QTUM: 0.1 QTUM

SNT: 1 SNT

EOS: 0.1 EOS

GAS: Free

BTM: 1 BTM

Fee for withdrawal / deposit

There are no fees when depositing into Binance, but withdrawals from Binance will be charged as shown below:

You can see more here https://www.binance.com/en/fee/schedule

Instructions on how to register, create an account on the Binance floor

Binance floor registration guide

Step 1: Access to Binance’s website is binance.com and select the cell “Registration”

Step 2: Enter the email and password to register for binancevin into the box as shown below:

The interface will appear as shown below. Drag to confirm the subscription and open the interface

System Sign up for Binance will send an email address activation notification. Open to activate.

Step 3: Go to Email and click select “Verify email” for authentication

So you have completed the registration. And you can trade on Binance yourself.

Instructions on how to trade on Binance

You can buy / sell Altcoins by Bitcoin on the Binance floor by doing the following:

Instructions for creating a Binance wallet

Step 1: You log in to Binance and click “Funds” menu and select “Deposits Withdrawals”

Step 2: In cell number 1 you enter “BTC” and press select “Deposit”

At that time, you will receive the wallet address provided by the Binance exchange in the red circled box. Please copy your wallet address and bring it through the OTC exchanges (remitano, santienao, …) to buy and deposit BTC.

You wait until the transaction is confirmed and BTC enters your Binance wallet. You can check your BTC in your Binance wallet by selecting the item “Fund” and choose “History”. If BTC is already in the wallet, there will be information as shown below and Binance will also notify you via Email.

How to buy Altcoin with Bitcoin above Binance exchange

Once you have a wallet and successfully purchased Bitcoin you start buying Altcoin with BTC

Step 1: You click “BINANCE” to go to the Binance homepage and choose the coin to buy

Step 2: Scroll down to see the item “Market” and choose “BTC Markets”. Here you enter the coin name or coin symbol, for example, if you want to buy IOTA, enter IOTA and click on “IOTA / BTC”

Step 3: Start entering the transaction of buying and selling IOTA coin

Step 4: To buy IOTA you scroll down to see the order entry as shown

After filling in the quantity to buy and select “Buy IOTA“Or”Sell ​​IOTA“To receive IOTA altcoin on the wallet.

How to withdraw Altcoin by Bitcoin on Binance

Step 1: Log in to Binance and follow the image below

Step 2: You choose the currency you want to withdraw and click select “Withdrawal”. Here I choose BTC

Fill out the information and click select “Submit”. Enter the 2FA code and click select “Submit”.

Step 3: You will receive an Email to confirm withdrawal.

Step 4: Go to Email to confirm.

You press select “Confirm Withdraw” to receive notification as shown below

Step 5: When finished, choose “Deposit & Withdrawal History” to review history

So you have completed the purchase of Altcoin above Binance exchange already.

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