How to Register and Deposit on Binance

This is a step by step guide how Binance, the platform works.

  • firstly you have to make a registration on Binance. Use the safe link on this website or go here to use a referral link.
    register referral 
  • After signing in on Binance u can deposit and start trading. There are two options for trading on the Binance platform one is Basic and other is Advanced.
  • The basic view is very complicated and not ideal for beginners so I recommend the simple one. The Advanced view is more of options and is  a little bit confusing to me. 
  • The main front page is consist of charts and graphs including the order books, a candlestick chart, and the trade history. 
  • For that click on deposit withdrawal links under the fund’s tab.
  • Then choose which cryptocurrency you would like to go with for funding.  
  • After that head to the upper left corner of the screen, click on the exchange tab. 
  • It will show you 2 option select the Basic one.

Besides the exchange you will see the squared option, it will show you the last price of exchange between BNB and BTC.

  • After that next option is 24-hour exchange rate following it to the extreme right side would be the highest and lowest prices recorded under last 24 hour period of time. 
  • Now to buy or sell an order go towards center tab where you will be able to place your orders. 
  • You can change the price of Bitcoin according to your profit. 
  • After that select the amount of pair of your BTC or BNB and click on BUY/SELL. 
  • Successful trades will be shown towards the left-hand side of the trading page. 
  • Others trades in open status can be seen down on that page. 

Now we will see the advanced page options. 

so lets start for step by step guide for Binance Exchange Review in advance option. 

  • At Binance in this option, everything is in night mode. 
  • Also the perfect locations of important tabs available on the trading page
  • Indicators are transferred to the upper left-hand side. 
  • After that on the way right side of the page would be the candlestick and depth graphs.
  • Here you can shift between the regular and full-screen mode. 
  • Going down to the right-hand side of the panel would be the BUY and SELL orders option that is recently done. 
  • Moving on you will find options for the placing orders, open trades, trade history, funds tab, etc. 
  • Personally, for me, the one important thing that developers can look into upgrade option is the tutorial of the website for the beginners on the same platform itself. 

Binance Exchange Review: 

  • Flexible fee payment: Binance comes with a prominent feature that is the ability of a registered user to turn ON/OFF the fees payment using the BNB coin. 
  • High Liquidity: wide and strong cryptocurrency pairs. 
  • Multi verification layers: the platform consists of multilayer verification level for withdrawal limits. This feature gives an additional feature to the user to add a layer of a level according to the requirements for upgrading an account to the other tier. 
  • Multiple coin support: balance works with various coins like BTC, LTC, ETH, the homegrown coin BNB and 45 many more. 
  • Easy transfers in devices: here users can add an API private key to access all the trading services of Binance.com from a third party service website/mobile application for an easy transfer from one device to another device. 
  • High performance: it can process 1.4 million orders each second. 
  • Multi-language support: this platform supports Chinese, English, Japanese, and Korean. 
  • Unique features: This platform comes with the additional feature of ability to add a 2FA to your account. 
  • Safety and stability: Binance uses a multilayer developed an application for the distribution and for improving stability it uses multiple clusters (set of multiple portals for the same portal site). 
  • Multi-platform system: currently it works on all browsers, Android, HTML5, Wechat and other platforms. 

Available Coins: 

Now, this is a big deal. It becomes very tough for a beginner to understand it. There are so many options available on this platform for the pairing of cryptocurrency with the more addition of currency by developers at the time. So it is not that much stable in terms of coin availability. 

Some of the initial coins available so far are : 

  • Bitcoin 
  • Bitcoin cash 
  • Ethereum 
  • Bitcoin Gold 
  • dash 
  • Ethereum classic 
  • Ark 
  • EOS 
  • IOTA 
  • Litecoin 
  • NEO coin 
  • OmiseGo + 36 more coins available on Binance.com 

Trading fees of Binance: 

The initial charge on Binance for trading is 0.1% fee on each trade. If you trade using their own token the current discount is 50% on the trading fee. Which brings down the trading fee to 0.05%. by giving this discount Binanace becomes the lowest charging platform in the trading industry of cryptos. 

Some other charges are : 

BNB withdrawals: 1BNB 

BTC withdrawals: 0.0005 BTC 

ETH withdrawals: 0.005 ETH 

LTC withdrawals: 0.001 LTC 

NEO withdrawals: free 

QTUM withdrawals: 0.1 QTUM 

SNT withdrawals: 1 SNT 

EOS withdrawals: 0.1 EOS 

GAS withdrawals: free 

BTM withdrawals: 1 BTM 

PROS of Binance Exchange: 

  • Very low fees 
  • User interface is awesome 
  • No lagging while using the website 
  • Variety of option for crypto trading with Bitcoin centered exchange 
  • Countless numbers of coins to trade with 
  • CONS of Binance Exchange: 
  • No information about minimum initial deposit 
  • Customer support lacks phone 
  • No information about users fund security 
  • Makes it risky to trade on the platform 
  • Website is not ideal for beginners 
  • Not easy to use 
  • Does not accepts bank payment option 

Binance Exchange Review Conclusion: 

Binance is a good cryptocurrency exchange trading platform with the ability to process 1.4 million orders each second which makes it very tough to ignore. As it a new platform on the market we cant expect that much but its growing with the active developing community making it a lot featured and giving a variety of options to the user. 

  • Here you can shift between the regular and full-screen mode. 
  • Going down to the right-hand side of the panel would be the BUY and SELL orders option that is recently done. 
  • Moving on you will find options for the placing orders, open trades, trade history, funds tab, etc. 
  • Personally, for me, the one important thing that developers can look into upgrade option is the tutorial of the website for the beginners on the same platform itself. 

Source: https://theicocoin.com/binance-exchange-review-step-step-guide-2018/ 

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