I had bought Bitcoin many times ter the past ter order to purchase MDMA and other goodies on the dark web but I wasgoed almost totally unaware of the massive Cryptocurrency market and the giant potential that wasgoed on offerande.
Encouraged by a friend who had become an overnight millionaire, I determined to learn spil much spil I could about the cryptocurrency market and how to make money trading Bitcoin and other coins.
Within a year, I have turned $9000 into $350,000.
Investing te cryptocurrency has entirely switched my finances and I honestly believe that crypto is the future. There are so many problems that cryptocurrency helps to solve and albeit many speculate that crypto is a bubble, I don’t see this bad boy disappearing any time soon.
You don’t need to understand all of the ins and outs of how cryptocurrency works to get embarked on building your own cryptocurrency portfolio.
I still don’t know about some of the fundamentals of Cryptocurrency – I have no fucking idea what the blockchain is or how it works, I don’t need to.
I research which coins have a bright future, I buy them, I sit on them and I wait for them to explode – more often than not, if you choose the right coins, you can make a killing.
To commence off trading crypto, you are going to need to buy some Bitcoin so that you can then buy the other coins you want ter your cryptocurrency portfolio.
You can buy Bitcoin ter a few different places online, I mostly recommend Coinbase spil it’s one of the fattest and most trusted platforms out there. If you use this listig, wij’ll both score $Ten of free Bitcoin when you sign up.
Merienda you have your Bitcoin, you can then send it to a cryptocurrency exchange where you can purchase hundreds of other coins using your Bitcoin.
Check out this postbode for a utter list of cryptocurrency exchanges – I’ll be updating this daily spil exchanges embark taking fresh members again.
I’ve bot trading on several different exchanges for about a year now and today I’m going to introduce you to the best cryptocurrency exchange for beginners – Binance.
I’ve waterput together the ultimate guide to the Binance exchange. My aim is to showcase you guys…
- How to use Binance exchange toneelpodium
- How to trade on Binance
- How to overeenkomst with Binance exchange fees
- Why Binance is safe
I’ll also be providing you a breakdown of what I do like about Binance and what I don’t like about Binance – ter brief, this is the ultimate Binance review and by the time you are done reading this, you should be ready to kick some arse and begin trading cryptocurrency today.
Ter my opinion, Binance offers the easiest and safest way to buy and trade cryptocurrency.
Let’s make some fucking money.
Quick Response – How to Trade on Binance
- Set up an account on Binance
- Enable 2FA
- Deposit Cryptocurrency of choice (I recommend Bitcoin)
- Trade altstem coins of choice using “Basic Exchange” function
Table of Contents
If you are fresh to the world of cryptocurrency – I commend you! Welcome courageous explorer!
You are about to inject a fascinating fresh world and, if you are quick, be amongst the last wave of early adopters of cryptocurrency.
While it might seem like everyone and their mother is investing te Bitcoin and other digital currencies, truth be told, you are still a pioneer spil most of the world’s population has not yet leaped on the crypto train…
According to the Bitcoin database there are only 23 million registered addresses for Bitcoin. While there are slew of other cryptocurrencies on the market, and this number is growing exponentially, it shows that out of 7 billion people on earth, less than 1% are presently invested ter cryptocurrency.
Personally, I believe that cryptocurrency is the future and that by hopping te now you not only stand a very good chance of making a yacht-load of money but you also hedge your bets against crypto taking overheen.
You still have time to build a cryptocurrency portfolio, and invest te the currency of the future.
But, the window is closing.
Every day, thousands more people are investing, and coin prices are going up.
To get maximum comes back on your investment, you need to join the party sooner rather than zometeen spil, almost every day, the cost of entry goes up.
The best way to make money with cryptocurrency is to select a portfolio of coins you like (based on their tech, mission, team or roadmap), to invest into several of thesis (thus spreading your risk) and to then simply wait a duo of years.
To get involved ter cryptocurrency tho’, you need to join a cryptocurrency exchange…
Getting embarked trading on Binance
This is very significant! Whilst the Binance coin exchange is the best trading toneel available for digital currencies, you cannot trade traditional currencies on it!
What does this mean?
This means you can’t transfer you US Dollars /Euros / Sterling Pound to your Binance account – you can only transfer cryptocurrency into your Binance exchange account.
So before learning how to trade on Binance, you need to…
- Purchase Bitcoin outside of Binance.
- Transfer your Bitcoin to Binance.
- Purchase the other cryptocurrencies you want using your Bitcoin.
Why Binance Exchange is the Best Coin Exchange
I’ve bot trading crypto for overheen a year now and let mij tell you – crypto trading has come a long, long way ter a remarkably brief amount of time.
A few years ago, buying, trading and selling coins wasgoed a fucking nightmare. The technology wasgoed iffy, the software wasgoed unnavigable, and every time I clicked my mouse to ‘buy’ or ‘sell’, I did so whilst holding my breath.
But now that cryptocurrency is larger than the entirety of JP Morgan, the spel is very very different and has become much more legitimate. Binance exchange has helped switch the spel for the better.
What is Binance
Binance is a digital asset exchange service. Basically it’s an online toneelpodium that permits people to buy cryptocurrencies using Bitcoin. Learning how to trade on Binance will get you te the cryptocurrency spel and give the capability to trade basically any coin on the market. Best of all, unlike some other exchanges, Binance offers a truly staggering number of cryptocurrencies for you to buy and sell so you are very likely to find the coins you are looking for on the Binance podium.
Where is Binance Located?
Binance coin exchange is a Chinese based company, and because of this the webstek supports numerous languages. Binance exchange has recieved a ton of growth and investment. According to Craft.co, Binance has recieved overheen Ten million dollars te investment funding from various Chinese venture caudal groups. Binance is, at the time of writing, one of the largest and most legit exchanges based out of China and this is a hefty advantage. It seems likely that more and more cryptocurrency investment will proceed to be driven from China so trading on a Chinese based exchange has some advantages.
Binance being located te China has it’s own set or pros and cons, but wij’ll got overheen that te just a minute.
Why Binance is the Best Trade Toneel for Cryptocurrency
Truth be told, there are a ton of platforms to trade cryptocurrency on.
Some of the more popular ones are Bittrex, Bitfinex, kraken, and Poloniex – but there are hundreds of others. Each has their own unique set of pros and cons and many exchanges have now stopped taking on fresh members due to exploding te popularity.
Binance Exchange is one of the few, well regarded and trusted, exchanges remaining that still takes on fresh members.
I trade on several exchanges but te the past few weeks, Binance has become my go-to and I am now trading almost exclusively on the Binance toneelpodium. This is for a few reasons…
Pros of Binance
- Good reputation
The most significant thing about the best cryptocurrency trading platforms is their reputation. The reviews for Binance are through the roof spil it is effortless to use and most importantly – SECURE! The team behind Binance has a proven record ter both cryptocurrency and finance ter universal. Personally, I’ve had no problems with Binance thus far and when I did open a support request I found the team to be super swift and helpful at getting back to mij.
The interface is effortless for beginners to use, and advanced enough for pros to truly crush it.
The main reason I’ve now commenced trading almost exclusively on Binance is because of the massive range of coins available. Many exchanges don’t opoffering more than 20 or so coins, Binance offers hundreds. Binance concentrates on hosting newer altstem coins before other exchanges so often the cheapest place to buy certain cryptocurrencies anywhere online is on Binance, this can give you a massive edge if you pick up coins that are only listed ter a duo of places and those coins then go on to do very well and get listed elsewhere, this will thrust up the price and you’ll make a killing just for injecting early.
One of the largest draws to Binance is the super cheap transaction fees. Since Binance are te the startup phase, the fees indeed are some of the least expensive out there. Binance charge nothing for fresh deposits of coins onto the podium and just 0.1% on the value of trades. To waterput this te perspective – if you were to use your Bitcoin to buy $100 of Ethereum, Binance would charge you Ten cents.
- Capable of processing 1.Four million transactions vanaf 2nd
Knowing exactly what this means is unimportant. Just know that Binance is prompt, and rapid is good. I’ve had some vivo issues with lagen on some trading exchanges, especially Poloniex, and sometimes this liggen has cost mij serious money on trades. I toevluchthaven’t had this problem occur on Binance.
Good if you are bilingual!
If you sign up to Binance through my affiliate verbinding, I’ll earn a puny kick back at no cost to you. You can then use your own account to invite friends and family and earn a puny commission yourself.
Cons of Binance
While Binance is my favourite toneel for exchanging cryptocurrency, it’s not without it’s flaws. My practice has mostly bot positive but I’ve noticed a few complaints online….
I actually toevluchthaven’t used the app yet, spil I conduct most of my business on my laptop.
I toevluchthaven’t had any problems but some users on Reddit have voiced frustration at coins taking a long time to turn up te Binance wallets. Ter my practice tho’, this is a recurring kwestie across all exchanges and the coins do always eventually turn up – assuming you toevluchthaven’t fucked it up!
- Binance does collect and store some user gegevens, such spil logging IP addresses
But so does Bittrex and the other major trading platforms.
Is Binance Safe?
Overall, the pros of Binance greatly outweigh the few cons. Truthfully, this toneel is spil good spil it gets, so if you are wondering if ‘is Binance safe?’ – fear not! Just be sure to go after the golden rules of safe crypto trading – more on that straks – and you shall be fine.
Spil you will see ter the step-by-step guide, Binance is one of the most secure and best cryptocurrency trading platforms out there and if you’re fresh to crypto, Binance indeed is the most accessible toneelpodium with some of the simplest, easiest to read, charts.
How to Set up an Account on Binance
Note – I very recommended you do this on a desktop or laptop, not your mobile phone.
Spil mentioned, one of the best aspects of Binance is how effortless it is to use.
This step by step guide will display you exactly how to set up an account with Binance, so you can commence trading cryptocurrency straight away…
Step One – Go to Binance
Click here to get to the precies pagina of Binance exchange login you need to get embarked.
The pagina should look like this. A few things to keep an eye out for…
Binance’s Homepage – where you can access Binance Exchange Login
Notice te the top left forearm corner. “Secure”.
*Professional peak* – Now that you are te the crypto world, it’s a good idea to always keep an eye out for secure websites. The most dangerous part of cryptocurrency is landing on a fake webstek and sending your hard earned crypto to a scammers wallet – if you do that, you can’t get it back.
By ensuring websites are “secure”, you can ensure you are protecting yourself.
Ter the top right palm corner, click “Register”
Click register ter the top right mitt corner to get to the Binance Exchange Login
You should then be taken to this pagina.
Binance requires one hacienda letterteken. I recommend using a non-obvious password with lots of letters and numbers
Pack out your information. The password you create vereiste be at least 8 characters with ONE hacienda letterteken.
*Professional peak* Please, for the love of aker, do not use your pets name spil your password. Generate a fresh password, packed with letters, numbers, capitalisation, and everything te inbetween. Thesis little steps help ensure your account and beautiful cryptocurrency stays warm and safe.
After you click register, you’ll be introduced with a quick verification puzzle. Again, this is for safety to assure you are a human being and not hacking-software.
It’s a strange captcha but it’s effective (Binance Exchange Login)
Slide the slider overheen the puzzle chunk and viola!
Binance verification is taken gravely
Wij are on our way! Now check your email…
While a bit of a process, Binance verification ensures your transactions are secure
Which will then take you here…
https ensures you are not going to get hacked
2FA (Otherwise known spil “Google Authenticator”) is very very very recommended
Please, for the love of Schepper, enable 2FA. This is rule number one of the golden rules of trading crypto securely. To set up 2FA, click the “Google Auth” button on the left arm side. This is a crucial step te the process of Binance verification.
Step Two – Enable Google 2FA
Again, te the name of security, wij are going to enable Google’s amazing “Two Creador Authentication”.
This is a fantastic instrument that enables Binance to ensure that you aren’t getting hacked… and it’s pretty cool, you’ll kleuter of feel like a spy.
Very first, download the app “Google Authenticator” from the Android Play Store or ter your iPhone App Store. It looks like this…
Google Authenticator (G2FA) on Android
Merienda you have downloaded the app, open it. Then, go back to Binance.
This part is very significant. There are two things to keep ter mind.
- Brochure Code – This is what will sync your Binance account with your Google 2FA. Merienda you have downloaded the app, you will “scan the barcode”. This will get your Binance account synced with your Google account to give you a way for Binance to know it’s you when you are making a trade. It’s super plain to use.
- Security Key – I recommend taking this key, and saving it ter three places. Write it down and store it te a book or journal, bury it ter your email, and take a picture and lock it behind a vault-app (I like to use Keep Safe – it’s free and secure). This ensures that you have mutliple means of accesing this significant key. Ter case you get locked out of your account, or lose your phone, this is the only way to get into your Binance account. Heed my advice. This is like crypto-insurance, and you never need insurance until you fucking NEED insurance. Take the steps, and make sure you do it right – you won’t regret it.
Now you can securely login to your Binance account
By using 2FA, the Google App will give you a code that expires every ninety seconds.
When asked, simply open the app, and apply the 6-digit code that Google provided for that ogenblik te time. Super secure, super effortless.
At this point wij have a secure account on Binance and are ready to trade for whatever crypto coins wij want! Let’s dive into how to use Binance….
How to Deposit Money into your Binance Account
Recall, Binance is a trading toneelpodium only, and to be able to trade cryptocurrencies on Binance, you need to have Bitcoin ter your account.
If you are looking to buy Bitcoin, you can do so here.
Merienda you own Bitcoin, sending it to your Binance Account is a chunk of cake. Within the homepage of Binance, just navigate to the top right forearm corner.
Learning how to use Binance is effortless, which is why it’s one of my dearest crypto trading platforms
Hover overheen “Funds” then click “Deposits Withdrawals”, which will then take you here…
Look at all the beautiful altstem coins you can trade on Binance!
This is the beauty of Binance coin exchange. It’s ease of use, and it’s capability to work ter all major crypto-currencies. Whatever cryptocurrency you wish to transfer to your account, you can do so lightly.
For this example, let’s use Bitcoin. You can either scroll down to find your cryptocurrency of choice…
Or you can type it ter the search box…
Merienda you are sure it’s the cryptocurrency you want to trade into your Binance account, click on the “deposit” tabulator.
This will then vertoning you your Bitcoin Deposit Address! Now to clarify, this is like your banking routing number for Binance. Simply by using this address, you can now receive (“deposit”) or send (“withdraw”) any crypto currency that Binance supports (which is basically all of them).
Maybe you want to send yourself some Etheruem?
Done! This is the beauty of cryptocurrency. Each cryptocurrency you own on Binance will have it’s own separate wallet that is 100% unique to you. The wallet address can be used to receive money, so feel free to send mij some at the address above ??
How to Trade on Binance
I’ve talked before about my favourite longterm holds and right now, my favourite coins for 2018 are Bitcoin, Ethereum, Monero, Ripple, Icon, OmiseGO, Neo, Siacoin, Brink and Hempcoin.
My favourite brief term coins switch weekly and sometimes even daily based on how the market is moving and the recommendations from a cryptocurrency paid mastermind group I am te.
Do your own research before determining which coins you want to invest te. I recommend looking at Coinmarketcap to get a breakdown of different coins that are available and to check out latest developments, news and price activity for coins that rente you.
Now that wij are set up, let’s take a look at the back end of Binance. I’ll explain how to navigate the webpagina, and most importantly, how to trade on Binance.
The backend of Binance is fairly straightforward. To commence trading, you need to navigate to the top left and click on “Exchange”…
… and click on the “Basic” tabulator. Which will then take you here.
Never fear – it’s much simpler than it looks
Now I know you might be thinking “WTF!”, but don’t stress!
I understand that thesis charts might look like something from the Wolf on Wall Street, but merienda you get the suspend of it you’ll realise Binance is actually very effortless to use and the charts are elementary to read, if you choose to get into reading them anyway – you don’t have to if you want to simply buy and hold, which is what I recommend.
Let’s concentrate our attention to the two most significant parts of the screen…
Very first you have to identify the coins you want to trade. Typically for a beginner, this will mean you are taking your freshly deposited Bitcoin, and diversifying your crypto portfolio by investing into fresh coins (you are a brainy person!).
Let’s say you want to take some of that Bitcoin and buy the best performing Cryptocurrency of 2018 – Ripple. Type te XRP (Ripple’s three letterteken code) into the opbergruimte under ‘favorites’ ter the top right mitt corner.
Binance coin exchange is super effortless
Spil of writing this, one XRP costs .00014580 Bitcoins. Click on it.
One thing to note is that I’ve got a duo of different Binance accounts. Ter this particular account, I have a Bitcoin comprobación of 0.01238370 Bitcoins. So let’s see what happens when I play around with the different options te the Binance interface.
Binance offers a quick and effortless way to trade, by clicking on 25%, 50%, 75% or 100%.
For example, let’s say I’m indeed into Ripple (XRP) and want to use ALL of my Bitcoin to buy spil much Ripple spil I can. I click 100%…
This means that at the time of writing, I can use the .01225392 Bitcoin ter this account to buy a maximum of 84 Ripple. Let’s see what happens when I only want to do 25%…
binance coin exchange made plain
Spil of writing this, 25% of my .01225392 Bitcoin gets mij 21 Ripple coins. Simples!
This is just one feature that I like about Binance spil a cryptocurrency trading toneelpodium, and one of the reasons why it’s my number one recommendation. It’s logical. It’s effortless. Case closed.
Binance Exchange Fees
Spil I mentioned before, the Binance exchange fees are indeed very reasonable and Binance charges just 0.1% on the value of a trade which is less than many of the other popular cryptocurrency trading exchange platforms. It’s free to deposit coins into Binance and you can even cut the trading fees te half if you pay with Binance’s very own coin – The Binance coin. This is most likely only worth doing if you are trading ems of thousands of dollars worth of crypto at a time.
Conclusion to Binance Exchange Review
Binance is by far one of the safest, easiest to use and most accessible cryptocurrency trading platforms and, right now, it’s my favourite podium to trade crypto.
Binance are relatively fresh on the block but are poised to become the fattest digital asset exchange service available. Crucially, Binance are likely to eventually limit the number of users they take on, much like some of the other exchanges, so I recommend opening a Binance account today even if you don’t use it anytime soon – then you at least have the option.
Trading cryptocurrency is a super arousing way to invest te your future, just be sure you go after the golden rules of cryptocurrency trading…
- Always use 2FA!
- When you’ve made a ton of money, budge some off the exchange (I recommend keeping it on Trezor).
- Only risk money you can afford to lose.
- Be patient, hold stiff and don’t funk on the dips.
- The more research you do, the more money you will make – fact.
Improving your cryptocurrency skill
Ultimately, if you want to make money with crypto you have a duo of options. The easiest thing to do is to build a diversified portfolio of cautiously selected coins and then to simply wait a duo of years. However, this is not the most effective way to make mad money. If you want to truly crush it at crypto, you need access to truly knowledgable people.
I am not your guru. I’m a crypto enthusiast, not a professional trader, and I make slew of mistakes. There are a phat amount of ‘gurus’ and ‘experts’ out there but the truth is that many of them toevluchthaven’t got a fucking clue what they are talking about. Opinions ter cryptocurrency are like ass holes, everybody’s got one. It’s utterly effortless to predict the market and hell, everybody seems like an experienced, when cryptocurrency is experiencing a bull run.
It’s very very effortless to make mad money when the market is on an upswing, less so when cryptocurrency comes in a bear market. Talented traders, and those with information, can make money on the way up and on the way down.
One thing I’ve noticed is that the media, especially Twitter, can have large effects of the market. If you determine that cryptocurrency is your fresh thing, if this is where you want to spend your time, then I strongly recommend that you educate yourself and improve your understanding of who to go after, who to trust, when to buy and when to hold.
There are many groups on Facebook where you can find likeminded folks who will joyfully talk crypto all day but the problem is that 99% of thesis groups are packed with people who have only a very basic understanding of cryptocurrency and the skill available here is not particularly strong. I have recently left almost every single group on Facebook spil, ter my opinion, they are largely packed with FUD.
Recently, I joined a paid cryptocurrency mastermind group and the tips ter here have bot pretty next level. Presently this group, which I cannot name, is not taking fresh members.
There are alternatives out there tho’. A friend of mine who is well connected te the crypto space, Derrick, has teamed up with the legendary Diggy Dirk and created a verhoging for newcomer cryptocurrency traders and enthusiasts – Keys To Freedom.
Whilst I am not a member of this community myself, many members have reported tripling their investments by following Derrick’s advice.
If you are serious about cryptocurrency trading, I strongly recommend finding a mastermind group that suits your skill level and budget so that you can improve your skill, expose yourself to less risk, and build up access to news and tips before they klapper the mainstream market – this is where the auténtico money is to be made.
To find out more about building a cryptocurrency portfolio and my journey making money from trading crypto, check out this postbode.
Disclaimer: I am not a professional (or even a veteran) trader. I am an intermediate trader with a passion for cryptocurrency. I am disclosing my own ventures ter crypto because cryptocurrency trading does make up a chunk of my online income and I want to be 100% semi-transparent with you when it comes to making money online. Investing te cryptocurrencies carries a risk you may lose some or all of your investment. Always do your own research and draw your own conclusions. Again this article is aimed purely at advising, draw your own conclusions on whether cryptocurrency trading is right for you.