{"id":145549,"date":"2019-08-16T22:00:09","date_gmt":"2019-08-16T22:00:09","guid":{"rendered":"http:\/\/sftarticles.wpenginepowered.com\/en\/?p=145549"},"modified":"2025-07-01T21:33:56","modified_gmt":"2025-07-02T04:33:56","slug":"how-to-trade-cryptocurrencies-on-binance-exchange","status":"publish","type":"post","link":"https:\/\/cms-articles.softonic.io\/en\/how-to-trade-cryptocurrencies-on-binance-exchange\/","title":{"rendered":"How to trade cryptocurrencies on Binance Exchange"},"content":{"rendered":"\n
Our team is always looking for things we think our readers will value. If we make a content partnership like the one featured in this article, then we may receive compensation for publishing.<\/em><\/div>\n\n\n\n
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After a year-long downturn, cryptocurrencies are having a resurgent 2019, increasing in popularity, usability, and value.<\/p>\n\n\n\n

As CoinDesk reported in early June, Bitcoin\u2019s 2019 increases are predicated<\/a> on actual transaction growth, and, collectively, cryptocurrencies surged nearly 150% this year<\/strong> as institutional and individual investors come together to push their prices higher.<\/p>\n\n\n\n

In 2019, the crypto rally is outperforming<\/a> many traditional investment vehicles, including stocks, bonds, gold, and oil.<\/p>\n\n\n\n

In many ways, it\u2019s representative of crypto\u2019s first decade, offering both volatility and high rewards for willing investors.<\/p>\n\n\n\n

The renewed interest in cryptocurrencies is bringing a surge of new users to prominent crypto exchanges like Binance<\/a>, which boasts the biggest crypto exchange activity by volume<\/strong>, and it\u2019s one that offers more than a hundred digital currencies on its platform.<\/p>\n\n\n\n

Comprised of an incubation lab, research programs, charity projects, and its popular cryptocurrency exchange, Binance is helping lead the charge for higher levels of crypto adoption.<\/strong><\/p>\n\n\n\n

That\u2019s becoming increasingly apparent this year.<\/p>\n\n\n\n

In a May 22nd tweet, Binance CEO Changpeng Zhao, CZ, noted the exchange\u2019s increased trading volumes, explaining, \u201cWe are seeing much higher order volumes (number of orders) than Dec 2017\/Janu 2018 (the peak).\u201d<\/p>\n\n\n\n

We are seeing much higher order volumes (number of orders) than Dec 2017\/Jan 2018 (the peak).<\/p>

Trade (not order) volume in USD is 1\/3 of the peak, but BTC price is 1\/3 and ETH price is only 1\/5 of the last peak, most other main alt prices are even lower. https:\/\/t.co\/e9M20gqnm0<\/a><\/p>

\u2014 CZ Binance (@cz_binance) May 22, 2019<\/a><\/p><\/blockquote>\n\n\n\n

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Consequently, now is the time to take a look at Binance<\/strong> and to understand the functionality that makes it so popular.<\/p>\n\n\n\n

Understanding Binance exchange<\/h2>\n\n\n\n

Initially founded by CZ in Hong Kong in 2017, Binance has quickly become one of the most lauded and well-recognized exchanges by crypto community members.<\/p>\n\n\n\n

Binance is known for its competitive rates and expansive token offerings, and it\u2019s often the go-to platform for both new and experienced crypto traders alike.<\/p>\n\n\n\n

The exchange charges a flat fee of 0.1%, and users receive a discount when they use Binance\u2019s native BNB token<\/a> to make purchases on the exchange. Originally, the BNB token was an ERC-20 token hosted on Ethereum. However, with the launch of Binance Chain, the token is available and exchangeable directly with the platform.<\/p>\n\n\n\n

Crypto traders can engage with several markets including BNB, BTC, ETH, and Stablecoins, which are presented in an aesthetically-appealing and easy-to-understand format.<\/p>\n\n\n\n

In July, Binance introduced margin trading<\/a>, a risky trading strategy that allows users to invest borrowed funds in crypto assets. Before users can engage in these trades, Binance provides a risk reminder, ensuring that investors are well-versed in this functionality before participating.<\/p>\n\n\n\n

How to use Binance<\/h2>\n\n\n\n

Binance is defined by a combination of simplicity, and the startup process is incredibly simple and secure. It\u2019s one reason that the amateur and experienced traders prioritize it over other exchanges.<\/strong><\/p>\n\n\n\n

Step #1: Create an account<\/h3>\n\n\n\n

Binance requires users to create an account, and it offers different verification levels with corresponding features for each level.<\/p>\n\n\n\n

For example, level 1 does not require account verification, but it limits withdraws to 2 BTC a day. For users looking for higher withdraw levels, they can complete a level 2 verification, which includes an uploaded photo ID that is approved by the platform. Level 2 users can withdraw as many as 100 BTC per day.<\/p>\n\n\n\n

Users will need to schedule a verification meeting, so anyone looking for immediate level 2 access will need to plan ahead when creating an account.<\/p>\n\n\n\n

\"Binance\"<\/figure><\/div>\n\n\n\n

With an emphasis on security, Binance encourages users to enable two-factor authentication to protect their digital assets.<\/p>\n\n\n\n

Step #2: Deposit \/ Buy<\/h3>\n\n\n\n

After creating an account, users can transfer cryptocurrencies into their accounts.<\/p>\n\n\n\n

To fund an account, click \u201cFunds\u201d > \u201cDeposits \/ Withdraws\u201d > \u201cDeposit.\u201d After choosing \u201cDeposit,\u201d users are provided with a Binance wallet address where they send the tokens.<\/p>\n\n\n\n

Once funds are deposited, users can begin trading on Binance, although some tokens take longer than others to settle.<\/p>\n\n\n\n

For those looking to purchase crypto assets with a credit card, Binance announced a partnership with Simplex<\/a> that allows users to do just that.<\/p>\n\n\n\n

\"Binance\"<\/figure><\/div>\n\n\n\n

Step #3: Trade<\/h3>\n\n\n\n

Once an account is funded, Binance users can immediately begin trading. The platform offers a basic and advanced trading screen. First time traders will benefit from the ease-of-use of the basic format while more experienced investors will find value in the more meticulous metrics provided in the advanced screen.<\/p>\n\n\n\n

Choose a trading pair by selecting digital tokens on the right side of the screen. Clicking on a digital token provides charts and metrics on the left side of the screen. When you\u2019re ready to place an order, you can choose between timing the market with a \u201cLimit\u201d order, order buying immediately via a Market order. When you choose one of the options, click on the \u201cBuy\u201d or \u201cSell\u201d buttons at the bottom of the screen to execute a trade.<\/p>\n\n\n\n

Users can choose to buy a unique portion of a token, to spend a specific amount on a token, or they can allocate a percentage of their buying power to buy a token.<\/p>\n\n\n\n

\"Binance\"<\/figure><\/div>\n\n\n\n

Conclusion<\/h2>\n\n\n\n

As cryptocurrencies continue to grow in popularity and value, new users are presented with a deluge of exchange options<\/strong> that can often be as complicated as the platforms themselves.<\/p>\n\n\n\n

In contrast, Binance offers a simple value proposition as it combines powerful investing tools with a secure interface that can allow anyone to participate in this burgeoning ecosystem. By balancing this dichotomy, Binance stands out as a platform that isn\u2019t just indelibly popular but as one that is undoubtedly capable of bringing crypto to the masses.<\/p>\n\n\n

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Become a master of cryptocurrency with Binance Exchange!<\/p>\n","protected":false},"author":9182,"featured_media":145551,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","wpcf-pageviews":1},"categories":[2518,2441],"tags":[1382,1655,2227,1034],"usertag":[],"vertical":[],"content-category":[],"class_list":["post-145549","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-guides","category-how-to","tag-bitcoin","tag-cryptocurrency","tag-finance","tag-money"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/posts\/145549","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/users\/9182"}],"replies":[{"embeddable":true,"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/comments?post=145549"}],"version-history":[{"count":1,"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/posts\/145549\/revisions"}],"predecessor-version":[{"id":325560,"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/posts\/145549\/revisions\/325560"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/media\/145551"}],"wp:attachment":[{"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/media?parent=145549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/categories?post=145549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/tags?post=145549"},{"taxonomy":"usertag","embeddable":true,"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/usertag?post=145549"},{"taxonomy":"vertical","embeddable":true,"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/vertical?post=145549"},{"taxonomy":"content-category","embeddable":true,"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/content-category?post=145549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}