The binance exchange does not enjoy such popularity as Bitfinex and Bittrex, but their share of fans they have. In this article, we will tell you how to register a binance, review your personal cabinet, and introduce you to reviews of this exchange. So, let's start our review of the binance of the crypto exchange.
Plan of the article:
- Currency exchange binance
- Official site of binance
- Registering binance
- Binance verification
- Deposit and withdrawal of funds from the exchange binance
- Commission binance
- Trading on the stock exchange binance
- Conclusion
Binance Currency Exchange is a relatively new exchange, which began work in 2017, and during this time it gained popularity among users. Now the Binance exchange is in TOP 29 exchanges on the daily trading volume. The headquarters of the Binance Exchange is located in Shanghai, and is headed by Changpeng Zhao.
In August 2017, the Binance Exchange announced that Yi He, co-founder of OKcoin, had joined them. Yi He is one of the most successful and influential people in China's online economy. This event positively influenced the growth of the popularity of the cryance-exchange binance and their domestic currency Binance coin. Immediately after the announcement of the cooperation between Yi He and the binance exchange, the value of Binance Coin increased by 40%.
Official website of Binance
Binance Exchange has its official website with the domain name www.binance.com. The domain was registered on 1 April 2017. The site Binance has a very progressive, but at the same time a simple site that is available in 6 languages, among which there is a Russian. To be honest, the translation of the site into Russian is a little "curve." The interface of the site is understandable, everything is the same with other crypto-exchange exchanges. The "Login" and "Registration" sections are located in the right corner, where you can change the language of the site. That's why you can just praise the developers, so this is for the section of actual news and drawings, free of charge we have allocated this field with a red box. See the photos below.
Registering binance
To register for binance, you need to go to the site and click on the "Register" button, after which you will be taken to the registration page. I would like to note the brightening, which we remember. Immediately the introduction of your e-mail and the generation of a password to enter the exchange, by the way, the password must contain upper and lower case letters, as well as numbers, you will need to pass the captcha. The kaptcha on binance consists of two stages: first you need to move the mouse cursor over the desired field, this action is very similar to the one that needs to be done to answer the phone call on the iPhone, and after entering the characters from the picture.
To confirm the email address you will be sent, which contains a link to confirm the address you need to go to. By clicking on the link, you activate your account. With each new entry to your personal area, you will need to go through the captcha, which we wrote about above.
Binance verification
Verification of binance consists of 3 stages. The first stage of binance verification you go through when confirming your mailing address - the first verification stage allows you to output no more than 2 bitcoins per day. To go through the second stage of verification, you need to click on the "End the identity check" sign under the middle ruby.
But, this function will be initially closed. To access it, you need to either confirm your phone number or connect to google authenticator. If you do not live in China, or do not have a SIM card from any of the Chinese operators, then the phone's connectivity function will be unavailable. Therefore, you need to back up the google authenticator code.
To pass the second stage of verification, it will be necessary to apply a little more effort and collect a small package of documents, among them: scan passports 1 and 2 pages, and you need to make your photo with the identity card that you hold in your hands and next you need to make a signature on a white sheet . However, you will find there a detailed instruction with illustrations. After passing the second verification step, you will be able to output up to 100 bitcoins per day. To open even more opportunities, you need to go through the third stage of verification, which occurs by communicating with the support service.
Deposit and withdrawal of funds from the exchange binance
Remember, we said that translating the site binance into Russian is a little "curve", so now you have to understand why. To make replenishment of the account on the cryon exchange exchange binance, you need to hover your mouse over the "Active" and in the sub-menu select "Withdraw cash from the Deposit". After that, before you drop a list of all the possible currencies in which you will have the opportunity to make a deposit. This fact is also worth noting, because you have the opportunity to replenish 44 crypto-currencies. The binance exchange does not allow its users to replenish the account with fiat money.
The binance exchange has gained popularity thanks to 2 very important things: due to its low commission, which is 0.1% of the transaction and thanks to the technology of order processing. The technology of executing orders on the binance exchange can process 1.4 million orders per second, it's impressive, is not it?
Trading on the stock exchange binance
To start trading on the binance exchange, you need to select the section under "EXCHANGE", where it is located, you can see the photo above. After that, you get into the real world of trading.
In the picture you see the top of the sales office. At the top you see a list of trading pairs, clicking on one of them, you will see its schedule and a glass of orders. For example, we showed the arrows on the graph how this bunch works. If you do not have one of the above-mentioned trading pairs, click the "More" button and get a list of all valid trading pairs on the binance exchange.
The order window is right below the graph, it looks like this.
At the binance exchange traders are available 2 types of orders: Limit and Market, in the review of the Kraken exchange we wrote what they differ. There you can read how to use them. When issuing a limit order, you need to enter the opening price, the amount of the crypto currency and click on the buy or sell button. In the case of market trading, only the field for specifying the amount of crypto currency will be available for filling.
Conclusion
In conclusion, I would like to say that the exchange binance made a very good impression on us, and in the future we will definitely use their service. By the way, if you have not got a permanent exchange for crypto currency, the exchange binance will be your best option. And I would also like to note that the main trading volumes on the binance exchange occur in pairs NEO / BTC, GAS / BTC, ETH / BTC and BNB / BTC. BNB is the home-grown currency of the exchange called Binance Coin, and with it, you can make purchases of services provided on the exchange.
Thank you for your attention!
Link for registration - https://www.binance.com/?ref=11171886