Getting Started with Binance: A Beginner's Guide to Using the Cryptocurrency Trading App
Table of contents
Getting Started with Binance, firstly you need to download it from the App Store or Google Play Store. Once the app is installed on your device, you can create an account by providing your email address and a secure password.
After you have successfully created an account, you will need to verify your identity by providing personal information and a government-issued ID. Once your account is verified, you can deposit funds into your account as low as $10 by using a variety of methods such as credit/debit cards or bank transfers. When your record is checked, you can store assets in your record by utilizing various techniques like credit/charge card or bank move.
To trade digital money on Binance, you can explore the "Trade" tab and select the exchange pair that you might want to exchange. You can then put in a request by entering how much digital money you might want to trade and the ideal cost.
You can likewise utilize the Binance application to see your exchange history, deal with your record settings, and access client care.
Moreover, you can utilize the Binance application to get to different elements, for example, edge exchanging, marking, and fates exchanging.
A step-by-step guide for using the Binance app as a new user:
Download the Binance app from the App Store or Google Play Store and install it on your device.
Open the app and create an account by providing your email address and a secure password.
Verify your identity by providing personal information and a government-issued ID. This step is required for compliance with anti-money laundering (AML) and know-your-customer (KYC) regulations.
Log in to your account and navigate to the "Deposit" page. Here, you can add funds to your account using a variety of methods such as credit/debit cards or bank transfers.
Once you have funds in your account, navigate to the "Exchange" tab and select the trading pair that you would like to trade (e.g. BTC/USDT).
To buy cryptocurrency, enter the amount you would like to spend and select "Buy" at the desired price. To sell cryptocurrency, enter the amount you would like to sell and select "Sell" at the desired price.
You can view your open and completed orders, as well as your transaction history, by navigating to the "Orders" tab.
To manage your account settings or access customer support, you can use the menu icon in the top left corner of the app.
Subscribe to my newsletter
Read articles from Folahan Olawoyin directly inside your inbox. Subscribe to the newsletter, and don't miss out.
Written by
Folahan Olawoyin
Folahan Olawoyin
A technical writer with experience in web 3 and blockchain lover. I have a deep understanding about DeFi and able to provide insightful analysis with clear explanations of complex topics. My goal is to educate and inform others about Web 3, benefits and potential uses of blockchain in a easy way to understand.