A step by step guide to trading digital currency on Binance
Binance is a digital currency trading platform that allows you to trade many different digital currencies, including Bitcoin, Ripple, Ethereum, Bitcoin Cash, Litecoin, NEO, Monaco, OmiseGO, Qtum, Status, Iota, Dash and more. With the huge boom in digital currencies, more and more people are looking for sites to trade digital currency. Here is a quick overview on how to get set up today to trade a wide variety of digital currency online with Binance.
The first step is to create an account. All you need to create an account is your name, email and a password. You can click on the registration image above to begin the process.
Once you have created an account on Binance you need to deposit funds to start trading. You can choose from a wide range of digital currencies to deposit. Bitcoin is the most popular digital currency, so we are going to deposit using bitcoin. To deposit, go to the funds tab across the top and select deposits.
From the deposits screen there is a dropdown menu to choose what digital currency you want to deposit. For bitcoin, you can search using the trading symbol, BTC. You can do this for any of the digital currencies, it is simple. One item to note, you must deposit digital currency. Coinbase is a great account to have as it makes it easy to purchase some of the most widely accepted digital currencies. If you don’t have a Coinbase account, go here to create one. Using our link to open an account and deposit $100 or more will give you $10 free, and give us $10 free, a win-win.
Once you choose your digital currency to deposit, you will be taken to a screen with a deposit address. This one is for BTC, so you would copy that full string and use that as the wallet you want to send funds to. If you have a Coinbase account, simply go to the “accounts” tab, and click “send” on the account you want to send funds from. Be sure that you are sending the proper funds to the proper wallet – if you are sending to a Bitcoin wallet, you must send bitcoin funds. You cannot send Ethereum funds to a Bitcoin wallet for example.
Take the BTC deposit address that you copied from Binance and paste it into the field that says “Enter a BTC address”. Choose the amount, click continue and confirm and the funds will be on their way.
Usually the funds will post pretty quickly. As soon as they have posted on your Binance account you can start trading hundreds of different digital currencies.
Get started trading digital currency on Binance today, sign up below:
