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Binance Review: Everything You Need to Know before Signing Up!



Binance Exchange Review: Everything You Need to Know

Binance Review: Everything you need to know before signing up. Binance is a cryptocurrency exchange that provides a platform for trading cryptocurrency with over 200 cryptocurrencies coins and 30 fiat currencies supported for deposit and withdrawal. In this review, I’ll cover the main things you need to know before signing up.

Binance Review Summary

Binance is a cryptocurrency exchange with a trading platform for cryptocurrency.

The exchange offers one of the most competitive rates around the world. If you are looking to trade cryptocurrency, binance is probably the easiest, fastest and cheapest exchange.

Binance Overview


Binance exchange is one of the popular cryptocurrency exchanges with fiat support that offers trading in more than 200 coins including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and Binance coin (BNB). It is an exchange where users can trade cryptocurrencies. They support many of the most traded cryptos.

Binance was founded by Changpeng Zhao, a developer in July 2017. The exchange was started in China, but moved their headquarters to Malta.

The word Binance is a combination of the word “Binary” and “Finance”.

Binance aims to improve the future of crypto finance.

It has its own token currency, called Binance Coin (BNB).

Binance exchange is known for crypto-to-crypto trading. The exchange offers two different types of trading platform, a classic and an advanced trading platform.

The classic platform is for a crypto beginners trader, while the advanced trading platform is for the advanced crypto trader. It features a detailed chart with various technical indicators which can be overlaid over the chart.

Binance is ranked among the top 10 crypto exchanges in the world based on traffic, liquidity, and trading volumes on

The exchange has gained immense popularity with its low transaction fees.

Binance Service

Binance is the largest cryptocurrency exchange in terms of trading volume with over 200 cryptocurrencies traded. The exchange offers users the opportunity to trade a wide variety of digital assets. It is an ecosystem comprising various services such as Binance Exchange, Trust Wallet, Binance DEX, Launchpad, Binance Research, Academy, Binance Card, Lab, Binance Info, Jersey, and Binance Charity Foundation (BCF).

Binance Exchange

Binance is a cryptocurrency exchange that offers users a platform to buy/sell cryptocurrency.

Binance focuses on all kinds of traders. It is a perfect place to start as a beginner and an advanced trader.

Binance Exchange Review: Everything You Need to Know

The exchange offers services around trading, Listing, Fundraising, and Delisting of cryptocurrencies.

Binance currently supports three types of trade orders:

  1. Limit Order: A limit order is a type of order to buy/sell crypto at a given price. Limit orders are executed only at the limit price set by the trader.
  2. Market Order: A market order is an order to quickly buy/sell at the best available current market price. It is executed based on the limit order that was previously placed on the order book, market order, price, meaning that you have to pay fees as a market taker.
  3. Stop-Limit Order: A stop-limit order is a conditional trade over a set time frame that combines the features of stop with those of a limit order and is used to mitigate risk. The stop price is simply the price that triggers a limit order, and the limit price is the specific price of the limit order that was triggered. This means that once your stop price has been reached, your limit order will be immediately placed on the order book.

Binance also has two types of trading platforms:

  • Classic Trading Platform: The classic trading platform displays charts, trade history, and order books. The Classic is more simple and understandable for beginners or those who like simplicity. The dashboard still gives you all the needed options to perform a buy/sell trade.
  • Advanced Trading Platform: The  advanced trading is similar to that of classic trading but with more sophisticated charting tools and advanced order type such as (stop-loss, and stop-limit).

Binance also runs a decentralized exchange (DEX) which follows a different operational logic from the centralized counterpart. Binance decentralized exchange was launched in march 2019 on Binance Chain, Using the Binance native token BNB as its currency. BNB was migrated from its ethereum ERC-20 token standard to a BEP-2 format on the binance chain.

Brave, the privacy-focused browser integrated a Binance Widget for in-browser trading. The widget allows users to buy and trade crypto through Binance, as well as view and manage their crypto portfolio.

Visit Binance

Binance Exchange Wallet

Trust wallet is the official cryptocurrency wallet of binance. It is a multi currency wallet that supports Bitcoin, and other cryptocurrencies.

Binance Exchange Review: Everything You Need to Know

Binance provide a wallet service to deposit your coins.

Binance exchange has acquired the popular Trust wallet which can be used to store ERC-20 and ERC-71 tokens along with other cryptocurrencies.

Binance Launchpad

Binance Launchpad is an exclusive token launch platform of Binance that helps blockchain startups raise funds to develop products that want to drive cryptocurrency adoption.

The Binance Launchpad token launch platform that helps blockchain projects raise funds and increase their reach across the crypto ecosystem. Binance offers project tokens to more than 10 millions users.

Binance grants users the chance to be part of potentially game-changing projects.

Launchpad is more than a platform for offering tokens. It’s also a full advisory service for projects, which will benefit from their insight and experience. Binance ensures that the projects can focus their effort on where it matters: developing their project and increasing adoption.

Binance Labs

Binance labs is a social impact fund established by binance. It is an initiative to incubate, empower blockchain, invest, cryptocurrency entrepreneurs, projects and communities.

Binance Exchange Review: Everything You Need to Know

Their aim is to resolve the most important problem within the ecosystem in order to change the world for the better.

Binance is aiming to operate the program in different parts of the world with the aim of capturing Africa and Asia.


Binance academy is a non-profit blockchain education portal that offers quality, easy-to-understand content for cryptocurrency users and enthusiasts worldwide.


Binance launched a free cryptocurrency education platform in 15 languages. Its aim is to provide an entirely neutral platform with quality, unbiased, educational information. Users can learn about everything to do with Blockchain, Economics, and Security, in addition to useful tutorials and guides.

Binance Exchange Debit Card

Binance Card is a visa debit card that enables cardholders to directly spend Bitcoin (BTC) or Binance coin (BNB) on everyday purchases wherever Visa is accepted.

Debit Card

The Binance card does everything a regular payment card does. It works like a regular debit card issued by your bank. You simply top-up your card with funds through the Binance Card App in the form of Bitcoin or BNB, and you’re ready to go. You can use the card to buy gifts for loved ones, shop for groceries or pay for internet bills online. With the Binance Card, you can keep HODLing, and spend only what you need to make a payment.

Binance charge a $15 one time fee for the card. No monthly fees or maintenance fees. The Binance Card App allows you to manage your funds, card security, and spending with only a few taps. Once your new card arrives, you need to load it with funds. Just transfer Bitcoin or BNB from your wallet to the Binance Card wallet, and you’re ready to go.


Binance Research is a platform that provides institutional-grade analysis and project reports. The research platform was launched to spread knowledge of blockchain to everyone. its aim to provide informative reports and blockchain projects.


Binance is to increase transparency and accuracy of information in the cryptocurrencies and blockchain space.

Binance Research cover the following key segments:

  • Introduction to the feature cryptocurrency
  • Key Metrics and Highlight
  • Recent News
  • Price and Volume Chart
  • Token sale and Economics
  • Road-map progress and updates
  • Team Overview
  • Trading Data
  • Technical code Overview
  • Product and Adoption Metrics
  • Community Data
  • Competitors Overview

Binance Research does not not provide reports on companies that issue securities or on securities generally; rather its report relates solely to digital assets that are not securities.

Binance Exchange Currencies and Payment Method

Binance accepts crypto and fiat currencies. With a very large number of cryptocurrencies, binance supports several hundred of them. Binance has often been praised for its wide variety of support coins. Traders can use the platform for multiple digital currencies. All coins supported by the exchange can be deposited and withdrawn. Binance users can perform fiat-to-crypto trades. Buying cryptocurrencies with fiat via binance is relatively easy, too.

You can buy bitcoin and other cryptocurrencies via a bank card using 40 traditional currencies.

Available coins on binance to trade, deposit and withdraw are more than 200 including the major Altcoin and Bitcoin.

Binance Exchange Fee and Charges


Cryptocurrency exchanges generally have different trading fees for market makers and market takers. Most exchanges usually only have deposit fees for fiat currencies, but there are a few of them that also charge you when making crypto deposits.

Deposit Fees

  • Free. There are no fees for deposits.

Trading Fees

  • If you are not using BNB (Binance Coin) to pay your trading fees, each trade will carry a standard fee of 0.1%.
  • Using BNB for transaction fees applies a discount to your trading fee. By default, if you hold BNB in your account, your trading fees will be automatically subtracted from your BNB balance.

Withdrawal Fees

  • Our withdrawal fees are dynamic and automatically adjust based on the status of the market.

Buying Limit

Binance buy limit structures are very simple. There are two levels of limit on Binance, regarding how much cryptocurrency funds can be withdrawn from an account.

  • Level 1 account holder can only withdraw maximum of 2 BTC per day
  • Level 2 account holders can withdraw up to 100 BTC per day. 

For you to withdraw 100 BTC, you must be a verified user. To verify level 2, you must fill out the know your customer (KYC) form and a proof of Identity document.

Supported Countries

Binance is a global exchange with the largest trading volume. Binance support most of the country except those countries that ban cryptocurrency in their country. 

Binance Exchange Customer Support

Binance has a responsive customer service. It is completely multilingual with over 10 different languages.

Binance does not have customer support numbers, you can always reach them through their Telegram, Twitter, Support Portal, Live Chat Support or FAQ. Their customer service is open 24/7.

Privacy and Security


After the large scale security breach that happened on the binance exchange, binance vow to strengthen the privacy and security of the users and exchange. Hackers were able to crack down the binance exchange code and stole 7000 BTC. The CEO of, Changpenz Zhao in a blog post wrote that Binance will make “significant changes to the API, 2FA, and Withdrawal validation areas. Changpenz believes the hacker uses Phishing, API, and 2FA to hack into a binance account.

How to Create API Key

Step 1 – Login to the binance account, click on API Management in the users drop-down box at the top right corner. After entering the API management page, set an API key (Give it a name), and click create. You will need to bind the secondary authentication before creating the API.

Step 2 – Fill in the “Google Authentication code” or “Sms Authentication code” to confirm API key.

Step 3 – The system will send a confirmation code to the registered email address for confirmation. Please click on the { Confirm create } button to confirm a new API key creation.

Step 4 – In the Email, click { Confirm Create }.

Step 5 – Store the Secret Key somewhere safe. It will not be shown again. Due to security reasons. Do not share this key with anyone. If you forget or lose the key, you need to delete the API and re-create a new one.

How to Enable Google Authenticator (2FA)

Step 1 – Login to the binance account, click on Security in the user drop-down box and click { On } or { Enable } in the Google Authentication Section.

Step 2Install Google Authentication. Download and Install the Google Authentication in App Store (for IOS) or Google Play Store ( for Android). After installation, click { Next } to continue.

Step 3Scan QR Code with your Google Authentication App or Enter the 16 Digit Key Manually Shown on the page. Open your google authentication app, click the symbol { + } on the top right-hand side to scan the QR code or manually enter the 2FA 16 digit key.

Step 4Save the backup key. Write down and save the 16 digit key, which can be used to re-bind your account in case you no longer have access to your previous Google Authentication.

Step 5Enable Google Authentication. Go to the Binance page, you will need to fill in your login password and the Google Authentication code.


Binance is a cryptocurrency exchange that provides a platform for trading cryptocurrencies with over 200 cryptocurrencies and 30 fiat currencies for deposit and withdrawal.

Binance is the largest exchange in terms of trading volume. It offers two trading platforms for crypto trading, Classic { for beginners } and Advanced { for professional }.

Binance is the cheapest and easiest exchange to trade crypto. Trust wallet is the official crypto wallet of Binance.

If you are looking for a reliable, easy, cheapest, fast, and secure cryptocurrency exchange to trade, buy/sell or invest, Binance is a place to go.

Click here to “Create an Account” and Earn free  5% commission.

Note: Please be aware of phishing (scam) sites and always make sure you are visiting the official website of Binance when entering sensitive date:

Binance Review: Everything You Need to Know before Signing Up!






In Binance futures, you can participate in market movements and make a profit by going long or short on a futures contract. In this articles, you will learn how to open and fund a Binance Futures account.

What is Futures Contract?

A futures contract is an agreement between the buyer and seller at a predetermined price at a specified time in the future. The buyer is know as long and the seller is know as short, while the predetermined price the parties agreed to buy and sell the asset for is know as the forward price. The specified time in the future which is when delivery and payment occur – is know as delivery date. With crypto futures, you can go long or short to reduce risk or seek profits in volatile markets.

Binance futures provides an easy-to-use platform and allows a seamless trading experience for traders to switch from spot to futures.

How to open Binance Futures Account?

First things first, you’ll need to create a Binance account. If you have not created before. Click here. The registration process is straightforward, but it requires some identity to be verify. Once your verification process is accepted, you can fund your account.

Follow these steps:

1. Enter your email address and create a secure password you can always remember.


For a 10% discount on spot trading fees, you can use this link.

2. Tick I am 18 years old, and click create account.

3. You will receive a verification email. Follow the instructions in the email to complete your registration.

Once you have successfully register your account.

4. Next, log in to your Binance account, on the bar at the top of the page, and click on Derivative, Futures.


5. Click on the Open Now Button to activate your Binance futures account. And that’s it. you’re ready to trade.

Note: You don’t need a separate account for Binance futures as you can use your existing Binance account.

Related Articles:

For a 10% discount on a Binance Futures, you can use this link or type in this code: “Simbalee”.

Using t the link or code, will grant you immediate 10% off – fees for the first month on Binance futures. You will also enjoy 10% off fees for Binance Spot and Margin trading.

How to fund Binance futures account?

To fund your Futures account:

A. Spot Wallet: To start trading on Binance futures, you will need to transfer funds from the spot wallet to the futures wallet.

First, you need to open a regular account. If you don’t have one, you can get started here – Create an account.

How to transfer funds from Spot wallet to Futures wallets?

1. Enter Binance futures trading page, click {Transfer}

2. Select types of funds you want to transfer into your futures account. Fill in the amount of fund, then click in the amount of fund, then click {Confirm Transfer}

3. When the fund is successfully transferred from the spot to the futures wallet, you can check the available balance in this section.


4. If you want to transfer the available amount in your futures account out, click on {Change} icon to change the fund transfer destination. Fill in the amount you want to transfer out and click {Confirm Transfer}

B. Borrow USDT: The second method to fund your binance Futures account is to use your funds in your spot wallet as collateral and borrow usdt for futures trading from your futures wallet balances page. You don’t have to transfer funds directly to your futures wallet. You’ll have to pay back the usdt you’ll borrowed.

Technically, the contract listed on Binance futures are “perpetual contract” – they function very similarly to futures contract, but don’t have an expiration date.

Head over to the Futures section of the exchange, go to “open futures account” section in the bottom right corner of the interface and use the “Simbalee” referral code to get a 10% discount on your trading fees.

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CRYPTO.COM REVIEW: WHAT YOU NEED TO KNOW BEFORE YOU SIGNUP!!! review: What you need to know before signing up to exchange. If you are looking for a strong, reliable, cheap, and secure exchange to buy/sell, invest, or trade cryptocurrency on, then continue reading. In this articles, I’ll cover the main thing you need to know., a digital currency based platform from Hong Kong. The exchange is a “natural extension of’s business, which will ensure that everything remains in its own ecosystem. Review Summary is a pioneering payments and cryptocurrency platform. It started as Monaco Coin on June 2016 before re-branded to on July 2018. On November 2018 chain Blockchain and Token (CRO) was announced.

The token function as crypto-based payment solution tasked with supporting cross-asset intermediary currency settlements and improving interoperability between cryptocurrencies and fiat-based payments. Chain Blockchain and CRO token made headlines in early 2019, based on the dramatic token price increases. The token was rank by Coinmarketcap as the top 20 coin based on Market Capital.

On march 2019, launched pay. pay is a mobile QR code payment solution powered by the Crypto.Chain. On may 2019 crypto Earn and Credit was launched. November 2019 launched it own cryptocurrency exchange. On may 2020 wallet was launched. Overview previously known as Monaco was founded on June 2016 by Bobby Bao, Gary Or, Kris Marszalek, Rafael Melo. It is also known as Monaco, Foris LTD, MCO Pay Limited, MCO Digital Asset Group, Foris Asia Pte Ltd, Foris Inc. It was founded to accelerate the world transition to cryptocurrency.

Key product include: App, the best place to buy, sell, and pay with crypto, the MCO Visa Card, a metal card with no annual fees, and the chain, which enables user to pay and be paid in any crypto, anywhere, for free.

The Company uses 23 technology products and services. gained popularity with its MCO Visa Card project.

The project aimed to create a crypto Credit Card that would lead to mass adoption. In 2019, expanded it lists of products by adding a cryptocurrency exchange. Other functionalities of the platform include: Crypto Earn, Pay, Syndicate, Staking, and Exchange. App

The App is different from the exchange. The App comes with an integrated crypto wallet which supports over 60 different cryptocurrencies. The app offers more features. From the app, you can buy, sell, store, and trade any of the 60+ supported cryptos and 21 fiat currencies in the app.

It is easy to sign up, download the app and get $50 reward for free using this code: berj5f5qb4.


Crypto Pay

This section of the app is all about buying stuff with crypto. The app enable users to pay with crypto and get cashback in CRO when the make purchase. Here you can buy gift card or top up your mobile phone using the app or pay for things using crypto by scanning a QR code.

Crypto Earn

The app’s Crypto Earn service allows you to supply crypto and earn interest. You get up to 18% per year when you deposit and stake cryptocurrency via the platform.

MCO Visa Cards

This allow user to spend cryptocurrency wherever visa is accepted. The card comes with five different crypto visa cards. The Midnight blue card, 1% card cashback, monthly, annual, and delivery fee free, ATM Limit $200, Inter-bank Rates Monthly Limit $2000 and 0.5% thereafter.

  • The Ruby Steel, 2% card cashback, monthly, annual, and delivery fee free, ATM Limit $400, Inter-bank Rates Monthly Limit $4000 and 0.5% thereafter.
  • Jade Green/Royal Indigo, 3% card cashback, monthly, annual, and delivery fee free, ATM Limit $800, Inter-bank Rates Monthly Limit $10,000 and 0.5% thereafter.
  • Icy/Rose Gold, 4% card cashback, monthly, annual, and delivery fee free, ATM Limit 1000, Inter-bank Rates Monthly Limit $15000 and 0.5% thereafter.
  • Obsidian Black, 5% card cashback, monthly, annual, and delivery fee free, ATM Limit $1000, Inter-bank Rates Monthly Limit unlimited.

The Card support BTC, ETH, LTC, XRP, and CRO. Users get 5% cash back.


The Syndicate is like binance launched pad. Syndicate is a fundraising platform for the crypto the most promising crypto projects to list their coins or tokens on the Exchange. CRO token holders will receive priority token allocation. The Exchange users will get a discount up to 50% of the listing project token.


Staking is similar to mining. It is the process of actively participating in a transaction validation on a proof-of-stake (PoS) blockchain. It means the holding of CRO in your wallet for a period of 6 months. This allow users in the platform to unlock benefits such as interest rewards, cashback, and rebates.

To stake CRO, you need to have an adequate amount of CRO tokens in your CRO Wallet in the app. There are two types of staking:

1. CRO Staking

CRO Staking, users to earn 18% p.a with 10,000 or more CRO stake. There earning will be credited to their app wallet every 7 days.

2. Soft Staking

Soft-staking enable users to earn rewards by holding crypto balance in their exchange wallet, including supported tokens on the platform.

Exchange Exchange offers low fees,liquidity, staking, and institutional grade security along with the benefits that come with its relatively simple online trading interface, API, and low-cost application.

The exchange does offer a few exciting features, including discounts on trading fees, access to a large global platform, as well as enhanced custody and safety management. is the first exchange to receive multiple ISO certifications, including ISO/IEC 27001:2013, ISO/IEC 27701:2019, as well PCI: DSS 3.2.1, Level 1 compliance and CCSS ( Level 3 ).

To start using the exchange, you’ll need to create an account. All you have to do is input your names, nationality, date of birth, email, and choose a password.

Once you do this, the system will send a confirmation email, and as soon as you follow the link, you can access the trading platform.

You should enable your two-factor authentication to secure your account, and it’s highly advisable to enable the anti-phishing code.

How do I create a account?

  1. Go to the website.
  2. Go to the app store links or scan the QR code on the home page.
  3. Download the app to your phone.

Once you’ve downloaded the app on your phone, start the app and follow the prompts to verify your identity.

It is easy to sign up, download the app and get $50 reward for free using this code: berj5f5qb4.

Read Also: Binance Review: Everything You Need to Know before Signing Up!


Note: You must confirm email via App within 72 hours after email submission via Referral Link web Portal, if you use the web referral link. If you fail to confirm email via App within 72 hours after email submission, your submission will be invalid.


You can add the code via App. Download App on App Store or Google play, tap on “Invited? Add Referral Code. It is easy to sign up, download the app, Stake 5000 CRO and get $50 reward for free using this code: berj5f5qb4.

How to Verify Your Account

Step 1: Personal Info

  1. Enter your legal first and last name. The name entered must match your name on ID.

Step 2: ID Verification

  1. Select the issuing country of your ID
  2. Select the type of ID you will be using to verify yourself.
  3. Follow the on-screen instructions

Step 3: Selfie

  1. Take a photo of yourself holding a piece of paper with “” and the date handwritten on it.
  2. When ready, click Complete Submission
  3. A confirmation page will show that your documents and selfie have been successfully submitted.

Currencies and Payment Methods support fiats and cryptocurrencies payment methods.

Fiat Wallet > The company support 21 fiat currencies. But due to partner’s permitted jurisdictions restriction or payment networks requirements,you may not see all options available to you. charges no fees for bank transfer via swift, but you local bank may charge for processing fee.

Cryptocurrencies > support 60+ cryptocurrencies including the major once, Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin, Tether, and Binance Coin.

You can trade any of the crypto with fiat currency or any cryptocurrency supported by the platform.

The app allow users to trade cryptocurrency via fiat, debit or credit card, or crypto.

Crypto Fees and Limit

There are no fees and limits for depositing crypto to the Exchange. However, when it comes to withdrawal, there are two things to know:

There is a fee to withdraw from the app that goes to miners

There is no functionality to adjust the transaction fee or speed of the transaction. doesn’t charge you for deposits or withdrawals. However, your bank could charge you between $5 and $40 per transaction.

You can find the number of confirmations required for each coin by selecting the Deposit button in the Balances page.

Fiat Deposits

Fiat deposits are not supported on the Exchange. The exchange does not support deposits from Smart Contracts. Any transfers will not be credited automatically.

Fiat Withdrawals

Fiat withdrawals are not supported on the Exchange.

Withdrawals to an external address may take 2-3 hours to process. But withdrawals to the App are instant.

Note: Transferring crypto to your Wallet App’s address will also incur a fee if completed on-chain.

A withdrawal from the Exchange is an on-chain transaction of transferring crypto to an external cryptocurrency wallet or exchange. All blockchain transactions comes with a fee. Customer Supported

There is no phone support, users have to leave the exchange interface and go to’s main site. Users can use the FAQ section on the exchange to answer most general questions.

You can use the onsite chat feature to reach out to customer service. The chat in the app can take a few hours to be replied. Security

Security is an essential part in the crypto industry. Most crypto currency exchange has been hacked as a result of security breach, and millions of dollar stolen. Even some exchanges fold up as a result of that.

The company excel when it comes to security. The platform has obtained various certification that attest to its ability to meet institutional-grade custody and security standards. The company boost of being the first crypto company in the world to achieve both the ISO27001:2013 and the PCI:DSS 3:2:1, Level 1 compliance standards.

These cover information security and payment card security, respectively. also partners with Ledger Vault, which provides cold storage in the form of a hardware security module protecting booth assets and private keys.

The platform also protect your account from depositing and withdrawing. You will need to be verify before you can transact on the platform. In other to start depositing, trading, and withdrawing, you will need to provide more information about yourself to upgrade to the starter or Advanced level.

Level: Starter

Features Enabled:

  • Deposit crypto
  • Trade crypto
  • Withdraw crypto; withdrawals in cryptocurrency will have limit equivalent to $5000 USD per day.

Required Information:

  • First and last name
  • Nationality
  • Date of birth
  • Email
  • Mobile number to receive a one-time pass-code (OTP)

Level: Advanced

Features Enabled:

  • Deposit crypto
  • Trade crypto
  • Withdraw crypto; withdrawals in cryptocurrency will have limit equivalent to 100 BTC per day

Required Information:

  • ID submission
  • Selfie

Conclusions has created a convince platform to buy/sell cryptocurrency and the existing fiat financial system. Many people will like invest, trade, and buy/sell cryptos if they understood how easy it is to use them for everyday things.

People need a comprehensive tools to manage their crypto holdings, and also make a return without risking their tokens. provide the tools needed to work with cryptos, and also trade them.

It is easy to sign up, download the app and get $50 reward for free using this code: berj5f5qb4.

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How to Trade on Binance P2P: The Complete Guide



How to Trade on Binance P2P: The Complete Guide

Today, I’m going to teach you exactly how to trade on Binance P2P. buying and selling cryptocurrency can be demanding, so it is essential to pick an exchange that you can rely on. It’s additionally important to find an exchange that meets your requirements and isn’t as well made complex to trade. There’s absolutely nothing worse than opening up an account on an exchange and afterward finding it difficult to know just how it functions.

If you’re thinking about opening an account with Binance, then read on…

In this Binance tutorial, I’ll teach you everything you need to know about how to use Binance. I’ll show you how to sign up, how to trade on Binance.

Binance was founded by Changpeng Zhao in China in 2017.  Binance is the world’s largest cryptocurrency exchange by trading volume as well as customers and its cryptocurrency called BNB.

The cryptocurrency exchange first started as crypto-to-crypto exchange before including fiat currency to trade.

currently, now Binance supports 24 different fiat currencies. Binance P2P users can now trade major cryptocurrencies such as Bitcoin (BTC), Etherum (ETH), Binance coin (BNB), Binance USD (BUSD), Tether (USDT), with fiat currencies including Nigeria Naira (NGN), Chinese yuan (CNY), Russian ruble (RUB), and Vietnamese dong (VND), with zero transaction fees.

Note: Fiat currencies are the official currencies of nations.

Customers can upload trade promotions to buy and sell crypto-asset utilizing 24 fiat currencies with absolutely no ad or transaction costs on the Binance mobile app and web.

What is Binance P2P trading?

Binance P2P (Peer to Peer) trading is also referred to as P2P (customer to customer), or (Business to consumer) trading. A peer-to-peer (P2P) trading is a decentralized system where two individuals communicate straight with each other, without intermediation by a third party. Instead, the buyer as well as the seller negotiate straight with each other through the P2P service.
P2P exchanges permit the individuals of the marketplace to trade straight with each other with relying on third party to refine all trades.

Binance is a blockchain ecosystem exchange comprised of numerous arms to offer the higher mission of blockchain improvement and also the liberty of money. Binance Exchange is the leading international cryptocurrency exchange by trading volume, with customers from over 180 countries and regions.

Advantages of Binance P2P trading

Here are several of the advantages that you can anticipate from Binance P2P, which we believe can be the most effective peer-to-peer crypto platform for you.

1. Trade with privacy

Since buyers and vendors alike are proactively looking for people to match their order, a third party is not needed in peer to peer cryptocurrency trading. This supplies the advantage of privacy. Considering that no third party is entailed, just the customer and seller discuss. Interaction between both celebrations is maintained personal.

2. Binance P2P industry is cost-effective and also secure

Binance P2P offers the system for validated buyers and also sellers to broadcast their offers, and a crypto escrow service to ensure the security as well as timely distribution of crypto assets in every trade.

3. It’s very easy to run your own crypto trading procedure with Binance P2P

With the new promotion uploading function on Binance P2P, you now have a lot more methods to buy and sell your crypto asset past the usual trading platform. If you wish to establish your fiat-to-crypto price for the tokens you hold, you can establish an offer with just a few faucets on the web or Binance’s application.

4. Binance P2P supports numerous money, both fiat, and also crypto

Binance P2P is one of the fastest-growing P2P platforms today, with brand-new attributes and improvements released on a regular basis, such as the recent P2P advertisement function. currently, they support 27 fiat currencies and also six cryptocurrencies.

Before you can start trading, you need to first open an account…

How to Open an Account

Step 1. Get registered: First thing’s first, you’ll need to trade on Binance is how to get registered! Go to Binance website, on the homepage click Register. By registering through this link you earn 5% commission every time you make a trade. Click here to register.

How to Trade on Binance P2P: The Complete Guide

 Step 2. Enter your Email and Password: Once you click on register, You’ll be redirected to the registration page where you’ll need to enter your email address and create a password.

How to Trade on Binance P2P: The Complete Guide

Tick I am over 18 and I agree to Binance’s Terms and click Create account.

in the Referral field Use this code to get 5% commission kickback: YHM0FJ5I

Step 3. Verify your email: You will be asked to verify your email. Go to your mailbox, copy the verification code and past it in the Verification field

Congratulations! You’re a Binance account holder.

Step 4. Protect your account: When your login for the first time, you’ll be asked if you want to set up 2FA.

How to Trade on Binance P2P: The Complete Guide

After you’ve set up 2FA, you’ll be ready to fund your account.

How to Fund an Account

After creating an account, you need to fund your Binance account before you can start to trade.

Step 1: Login to your Binance account. On the homepage, you will see I want to spend, in the field box, fill in the amount you want to spend, and the currency you want to spend.

How to Trade on Binance P2P: The Complete Guide

Step 2: Input your amount. Once you have fill in the amount you want to spend, then choose the cryptocurrency you want to buy under I want to buy.

Step 3: Select the cryptocurrency you want to buy. After selecting the cryptocurrency you want to buy, click on Buy BTC

How to Trade on Binance P2P: The Complete Guide

Step 4: Select your payment method. You’ll be redirected to the Payment page where you’ll need to select the payment method you want to use.

How to Trade on Binance P2P: The Complete Guide

After selecting the payment method, click Buy BTC

Step 5. Make your purchase. Once you click on Buy BTC, you will be taking to the marketplace if you select P2P payment method but if you select Bank Card payment method, you’ll need additional information before you can fund your account to start trade:

  • You will choose your nationality
  • Select your estimate investment amount and
  • Then click confirm

Step 6. Review. Your account will go through review if your payment method is Bank Card. you will be review to know if you are eligible to use the payment method and it can take up to 2 hours in some cases to be reviewed.

Note: Please that if you select the P2P payment method, you will not have to pass through this process. You will be taken to the marketplace where you make your purchase from any merchant you want.

To create a trade on the Binance P2P platform:

  1. You will need to complete your Level 2 Identity Verification
  2. Post an advertisement

How to Trade on Binance P2P

Step 1: Login to Binance. on the homepage at the top, select spot,  a drop-down menu will show with different types of trading platforms. for the sake of this tutorial, I will use P2P you can choose anyone.

Step 2. Choose P2P: once you have select spot, click P2P, you will be directed to a new page where you can make trade

Step 3.  Select the cryptocurrency you want to buy or sell. Select the fiat currencies and cryptocurrencies you want to buy or sell. Binance P2P currently supports BTC, ETH, USDT, BNB, BUSD, and EOS against 24 currencies.

Step 4. Place your trade. once you have selected the cryptocurrency you want to buy or sell, choose any of the merchants of your choice you want to make trade with, and place your amount and the fiat currency

Step 5.  Click Buy BTC. Once you place your order, a successful message will pop up that your order was successful. You will be directed to the next stage where you will make transfer, click on transfer next.

Step 6. Click confirm. Before you click on confirm, you will need to make a bank deposit to the account number given to you. Once you are sure you have done the transfer, click transfer, Next and confirm to confirm that you have completed the payment.

Once your payment is confirmed. Congratulation you just made your first trade.

You can read Binance Exchange: 10 Interesting Facts You Need to Know!


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How to Trade on Binance P2P: The Complete Guide
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Disclaimer: 9ja Informative's content is meant to be informational and should not be interpreted as investment advice. Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions. 9ja Informative receives compensation with respect to its referrals for out-bound crypto exchanges, crypto wallet websites and affiliate links.

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