Why Is Everyone Using Binance?
Binance exchange is well known in the crypto world. It was established in Hong Kong in 2017 and has achieved great success in a short time and has managed to become one of the high-volume exchanges. At the same time, it has become a foreign cryptocurrency exchange that is used more in our country. Binance, hundreds of altcoins and different parities are preferred by many users. In this article, let's examine this successful stock market in detail with sub-titles.
Why Should I Use Binance?
Binance does not victimize its members thanks to its high security applications and the user funds it allocates for incidents such as hacking.
It offers the opportunity to operate with API key.
Its interface is quite easy to understand. Using price and volume charts is quite simple.
It has a high volume, which means you can place market orders without waiting.
You can trade with a low transaction fee (fee), this rate is a maximum of 0.1%.
You can convert your small balances to BNB and pay the fee with BNB at a discount.
Your vip fee level is determined according to the volume you make and you pay less fee, the minimum fee is 0.015%.
There are 4 stable coins.
In addition to BTC, ETH, BNB, USDT parities, there are also parities of altcoins such as xrp, pax.
It is completely free to open and use an account.
It allows transactions up to 2 BTC per day without the need for identity confirmation.
It constantly organizes high-award-winning volume deposit competitions and earns users.
Reference system is available.
Binance Registration Process
Signing up with Binance is pretty simple. You can register via Binance by entering your e-mail address and setting a password for yourself. After registering, you can log in to your account after clicking the link in your e-mail to confirm your e-mail. After logging in, your priority is to activate google authentication or sms 2fa from the security tab. For sms verification, it is sufficient to enter your phone number and send sms and enter the incoming sms code in the relevant field. We recommend you to read our related article for google authentication for 2Fa setup.
Binance Crypto Deposit/Withdrawal
In order to deposit money, you need to copy the address of the coin you will deposit from the deposit tab and the memo, if any, and enter it on the platform where you will send it. All addresses and memos in the deposit tab in Binance have been created specially for you, be sure to check after copying and make sure you have copied them correctly. When the deposit is completed, Binance will notify you by e-mail. You can click the deposit in the history section and follow it while the submission is in the confirmation process.
For withdrawal, you need to select the coin that is ready for sending (if you have an active buy/sell order, you need to cancel the order) from the withdraw tab, after entering the amount and address to be sent, Binance will ask you for a 2fa code, and after you have entered the 2fa code correctly, a verification link will be sent to your e-mail. After clicking on the link to be sent, your transaction is completed. If you wish, you can follow your transaction by looking at the withdrawal from history.
Trading Cryptocurrency on Binance
To trade cryptocurrencies, you need to select the coin and parity you want to trade from the exchange tab. For example, you will buy BNB kin and you have BTC coin in your hand. You can trade in BNB/BTC parity. There are 3 types of orders in Binance; market order, limit order and stop-loss.
What is Binance coin(BNB)?
Binance coin BNB is the coin of the Binance exchange with a max supply of 200 million, with 155 million in circulation. Its instantaneous value is around 156 TL. (22.08.2019)
BNB, which was worth $ 0.11 in July 2017, saw the levels of $ 2 in September, leaving a serious profit to BNB holders. Binance buys and burns BNB coins with a portion of the income from the exchange, once every 3 months. Binance's burning of 1.8 million BNB in January 2018 had a serious impact on the BNB price, which allowed the BNB coin to see $ 24 levels. Binance will end its burn transactions when half of the BNB, that is, 100 million, is burned.
To Invest in Cryptocurrencies with Very Low Value Like Shiba, Click Here to Go to Binance...