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How to Trade Cryptocurrency on Binance: Binance Using Guidelines

Binance is one the leading cryptocurrency trading exchange you can use to invest in such virtual currencies to make some profits. If you are new in the cryptocurrency market or newly opened an account on Binance and now looking to trade through this exchange.

Actually, trading into cryptocurrencies on Binance is not that much critical but if you don’t have an idea how to start or how to trade, it would be difficult to deal with such transactions. Hence, we right here we brought, few tips and useful instructions before you start trading on Binance, so that you can enjoy the trouble-free trading on this platform with complete safety and precautions and contact Binance helpline number for any issues.

What is Binance Exchange?

Developed in China in 2017, Binance is an exchange developed for trading into the different types of cryptocurrencies like Bitcoin, Ethereum, Bitcoin Cash, Ripple and various other popular cryptocurrencies. Bianance has recently joined hands with Koinal.io to extend its services and to provide additional payment methods to its users.

How to use Binance?

To use the Binance you need to have an account with Binance. Once you open an account with Binance you can us its service of trading facilities provided by this crypto exchange. And to open account with Binance you have to follow the right steps discussed in next para.

How to Open Account in Binance?

To open the trading account with Binance, you have to follow the registration given below.

Step 1: The first to open account with Binance you have to visit at Binance website.

Step 2: After visiting at Binance just navigate and click on “Registration” button.

Step 3: And make sure you do, note the “Secure” term on the top left-hand corner of the page.

Step 4: Once you have clicked on the registration button and provided basic information.

Step 5: Binance will redirect you to its registration page where you have to provide information to complete the registration process.

Step 6: After that, Binance will send you a confirmation email so don’t forget to check your mailbox.

Step 7: Now you have to enable the 2FA by confirming your registered mail id.

Step 8: Now you have to deposit the funds into your wallet through your bank account.

How To Trade On Binance?

Trading on Binance is one of the critical part you need to know right now. Actually, Binance offers two different types of trading, Basic and Advanced. And if you are a new comer into the cryptocurrency market trading you need to choose the “Basic” trading option. The basic trading option is easy to use and understand but only displays the information required only for trading only.

While on the other and, in advance trading option, users are allowed to access the market price and price chart for complex level of trading into cryptocurrencies on Binance. And to know the trading process step-by-step you can follow the instructions given below.

Steps for Basic Trading on Binance:

Step 1: Frist of login into the Binance account.

Step 2: Now select ‘Basic’ on the exchange tab.

Step 3: Here you need to select the cryptocurrency you wish to exchange with and the cryptocurrency that you have.

Step 4: Now choose the type of trade: Stop-limit orders, market orders, and Limit orders.

Step 5: Here just enter the amount you wish to trade.

Step 6: Here you need to do is to click on the buy.

What are Binance Trading Fees?

The trading fees on Binance is one of the lowest in the cryptocurrency in the market. As per the last updates Binance charges 0.1% of each sale or purchase. However, you can set transaction fees at higher percentage, as lower transaction fees leads to delay in transaction confirmation. And sometimes, due to lower trading fees few transactions get canceled or incomplete due to low transaction fees.

How to Contact Binance Customer Support Team?

While trading with Binance you can face various types of issues due to technical error or some other reasons. Here, you can get online help of the cryptocurrency experts to resolve the Binance related problems. And to get in touch with experts, call the Binance phone number and these experts will definitely help you to resolve the Binance related various problems online.

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