crypto currency exchange binance Is just for informational purposes crypto currency exchange binance and nothing should be taken as financial advice.
So with that being said let’s get started. All right so the first thing we’re going to do is set up your Binance account.
So just head over to binance.com or just click on the first link down below in the description. Once you’re here just go to Register here on the top right.
crypto currency exchange binance Creating Your Personal Account
And then we can either sign up with our e-mail address or phone number or just use our Apple or Google account. I’m going to use an email address (crypto currency exchange binance)so I’m just going to click on sign up with phone or e-mail. And then we’re going to have to choose our country right here. It’s already filled in for me so I’m just going to click on confirm.
And then you can either create a personal account or an entity account. I’m going to create a personal account so I’m just going to click on Create personal account. And then here you just want to type in your e-mail address and decide on a password. And you also want to make sure you go to referral ID right here.
And you type in the code that you can see on screen now. Again this is going to give you a 20% fee discount. For the entire lifetime of your Binance account. So you’re going to save 20%. Every time you make a trade on Binance. So then once you have typed all that in you can click on next right here.
Completing the Verification Process
And then Binance will send you a verification code to your e-mail. So go to your inbox get that code and then copy and paste it in. Right here. crypto currency exchange binance And then click on submit. Here just type in your phone number and click on Next. Then you’re going to get a verification code sent to you via text message to your phone.
So just take that code and type it in right here. And then click on submit. And then so we can access our Binance account we’ll have to go through the identity verification.
So here we want to click on Verify now. And then for these steps right here you just have to type in all your personal information that the ask of you.
And you also need some kind of ID document like a passport or ID card. So you can actually verify the information. Unfortunately I cannot take you through all these steps because I already have a verified finance account. But just follow along with all the instructions that you can see on your screen.
And then the verification process should be done pretty quickly.
Securing Your Binance Account
Once you’re logged into your Binance account the first thing we want to do is make sure your account is secure before you deposit any funds onto your Binance account. So let’s go to the account icon right here on the top and then click on Security. Here we want to look at 2 factor authentication or two FA.
Enhancing Security with 2FA
2FA is basically a security feature. Where you’re going to have to do an additional step for critical tasks like accessing your Binance account. Or withdrawing funds from your Binance account. So by default it is set up to phone number verification which means that every time you want to access your account.
You’ll also need to type in a one time password that you’ll get. By a text message. However what’s a lot more secure if you’re going to set up the Binance Google Authenticator option right here.
Because then you’re going to need to have physical access to your phone so that you can get access to your Binance account.
Enhancing Account Security Further
and then getting access to your text messages. And if you want to go even one step further in terms of security? You can get one of these right here. This is a saw called UB Key. I’m going to leave a link to these down below in the description.
And what this will do is you’ll have to plug that into your USB port every time you want to access your Binance account.
Or you want to withdraw funds? So this would be the most secure option. But you don’t need to do this. The Google Authenticator option is already quite secure.
So definitely just set up this if you don’t have a security key. So once that’s done we can go back to the main page by going to the top left and clicking on the Binance icon right here. And that will take us back to the main page.
Depositing Funds onto Your Account
So now let’s look at how to deposit funds onto our Binance account. Because if you want to use finance to buy crypto and trade. Then we need to deposit some funds onto our account.
Let’s first look at how to deposit Fiat currencies like EUR U.S. dollars British pounds and so on.
And then also how to deposit crypto currencies onto Binance? So to do that we’re going to go to wallet right here and then click on Overview. And then here we’re going to click on the POSIT. Then here we can select the currency that we’d like to deposit so by default it is set to United States dollars.
Depositing Fiat Currency via Bank Transfer
I can also change this to for example British pounds right here. And then depending on the currency the payment methods change as well. So for British pounds for example right now I cannot do a bank transfer because it’s currently unavailable.
For my location. And what I could do is use a credit card to. Get some British pounds onto my account. But when I change this for example to United States dollars. Then we can see here we could do a bank transfer. But currently we cannot do a credit card. So depending on where you are located.
Your payment methods will change. What I highly recommend is to use a bank transfer. Because using bank transfers compared to a credit card.
You will have a lot lower fees. Optimally you’re going to have zero fees. To deposit funds onto your account. So let’s say you found your currency right here and you’re going to choose bank transfer.
Then you can just click on continue right here. And then you want to type in the amount that you want to deposit. So let’s say we want to deposit 100 U.S. dollars.
So I’m going to click on continue right here. And then you want to type in the name of your bank that you’re sending the funds from and also your bank account number right here.
And then click on Continue. And then you should get to this page where you’re going to see the bank information. Where you need to send the funds to.
Make sure you send the funds from the bank account that you have typed in before. And also make sure you use the reference number that you can see on your screen.
So that Binance knows exactly. What Binance account the deposit belongs to? Then after you initiated the bank transfer. After two to four business days you should be getting an e-mail from Binance. Saying that the funds are now available in your Binance account.
Depositing Cryptocurrency
Now let’s also look at how to deposit cryptocurrency onto Binance. So to do that we’re going to go to wallet right here and then click on Overview. And then here we’re going to click on the POSIT. And in this case I want to deposit some cryptocurrency so I’m going to click on crypto deposit.
And then we’re going to have to select the cryptocurrency that we want to deposit onto Binance. So as an example I’m just going to deposit some light coins so I’m going to type in the ticker LTC. And then we’re going to have to
Completing the Cryptocurrency Deposit
choose the network that we want to use to send the coins with. So I’m going to choose the Litecoin network. Then we can click on OK right here. And then Binance will generate you a Litecoin deposit address for your Binance wallet.
So what you want to do is go to this address and click on the Click to copy button right here. And then you want to go to your wallet or the other exchange you’re ascending the coins from. So I’m going to go to my Qcoin account. Here I’ve already chosen that I want to withdraw some Litecoin.
So I’m just going to go here to the wallet address that I’ve just gotten from Binance. And I’m going to right click and paste.
So make sure this address is correct so you can double check again. And then we also want to make sure that we choose the same network as we’ve chosen in the Binance account.
So I’m going to click on select the network. And then I’m going to choose the light cone network right here. Confirm and then we want to type in the amount that we want to send. So let’s just send zero point. 08. And then just click on withdraw. Then once you have typed in all the security passwords you can click on submit.
And now the transfer has been initiated. So I can come back here to my Binance account. And now I’m going to have to wait until the deposit arrives in my Binance account. As we can see here Binance requires 3 network confirmations in the blockchain. Until the funds will be available to you in your Binance account.
And it will require four network confirmations until it will actually be unlocked. Now depending on what crypto you have sent to your Binance account. It’s going to take a different amount of time so for Litecoin is typically quicker. Then if I were to send Bitcoin or Ethereum. So we can just sit back relax and then come back after some time.
Then again go to your wallet right here click on. Fiat and Spot. And then you should see. Your coins that you have deposit onto Binance. In your wallet right here.
Buying Cryptocurrency on Binance
And now let’s look at how to actually go ahead and buy cryptocurrency here on Binance. So depending on your situation there’s a couple of different ways. If you have already deposited Fiat currencies like EUR U.S. dollars onto your Binance account.
Then you can simply converge those Fiat currencies. For this so to do that we would simply go to trade up here. And then we would come over here to convert. So I would click on converge. And then here. Under from you want to just choose the currency. That you have already on your account.
Using the Convert Feature
So let’s say I have deposit some EUR onto my Binance account. So I would just go here. Type in Euros and then I’m going to choose EUR right here. And then I can choose how many euros I want to convert into crypto. In this case let’s say we want to converge €20 into.
Let’s say we want to choose here some Ethereum. And then? I can basically click on preview conversion right here. And then it will show me how much Ethereum I will get for my €20. So then I can just click on convert. And now I have just used my €20 to buy some Ethereum.
I can now also click on view status right here. And that will take me into the convert history. Where I can see exactly? What I have bought for what price? I can also go to the wallet and click on Fiat and spot. And then I should see that Ethereum that I have just bought.
Buying Crypto with a Credit Card
Now if you don’t already have some funds on your Binance account but you want to buy crypto as quickly as possible. You can use the credit card feature to do that. So for this we would just go to buy crypto here on the top and then click on credit debit card.
Buying Crypto with a Credit Card
type in the amount that we want to spend on any crypto. So let’s say we want to spend $100. And let’s say you want to buy. Some ADA some Cardano. And then I would just click on continue right here.
Then here I can see how much ADA I would get for my $100. And then I would have to click on Add new card. So I’m going to click on. This button. And then I would have to type in my credit card information.
And then once I click on next and confirm the transaction. And then after a couple of seconds once the transaction has gone through. I should have my cryptocurrency already in my Binance wallet.
Introduction to Trading on Binance
All right so now let’s finally get into the fun part of the tutorial. Which is trading cryptocurrency on the Binance exchange. So on Binance there’s two different trading interfaces that you can use.
And the first one is very simple but also very limited. And then the second one is a bit more advanced but after watching this next part. You’ll understand how to use both of these interfaces. So let’s start with how to use the easy trading interface.
So let’s come up to trade right here on the top and then click on Convert. And that will take us to the easy trading interface which is just the convert feature of finance. So here you can see we have two different tabs. We have the market tab and also the limit tab.
Using Market Orders
Now with the Market tab. The trade will basically. Carry out immediately but the price that you’re getting will just be the best price that is currently available. At the time of you placing the order.
If we go to the limit tab right here. Then we can place a limit order which means that you can set the price that you want to pay. But then you’re going to have to wait until the price actually reaches the price that you’re willing to pay.
So the order will probably not carry out immediately. But you can make sure that you will not overpay for whatever you want to buy. So let’s just go ahead and do a market order first. So we’re going to go back here. Click on market.
And then let’s say we have some your sort of Tether the stablecoin in our Binance account. And you want to convert that into Bitcoin? So here as you can see I have U.S. dollar tether already selected. So I’m going to type in let’s say 50 U.S. dollar Tether that I want to spend on Bitcoin.
So here already Bitcoin is again already selected so I don’t need to change anything here. So then I can just click on preview conversion. And then finance is going to show me what I will get 450 U.S. dollar tether. So now I can click on convert right here.
And then it’s going to convert my Yasoda tether. Into a Bitcoin. So now the order is already successfully finished. And now I have Bitcoin in my. Binance wallet so I can also click on view status right here.
And then in the history I can see that I have spent fifty U.S. dollar tether. On the 0.00128 Bitcoin.
Using Limit Orders
So let’s go back to the trading interface by clicking on Trade and Convert. And now as opposed to a market order let’s actually do a limit order. So I’m going to switch from market to limit right here.
It’s from. I’m just going to switch it from your solar tether. To Bitcoin right here. And then this is already set to Ethereum which is great. So now I can say how much Bitcoin do I want to actually spend? So let’s say I want to spend 0 point.001 Bitcoin.
And then now the difference between the limit and the market order? Here I can actually set the price that I want to pay. Currently the price for one Ethereum is 0.08362. Bitcoin. However let’s say I want to pay a bit less than that.
So what I could do is just say I only want to pay 0.09. Bitcoin for one. Ethereum. Then under expires in we can just set.
Managing Your Limit Order
order has time to be filled? So if I set this to let’s say 7 days. Then after seven days if the order is not filled and the trade has not gone through. Then the order will actually be cancelled. Then here I can see how much Ethereum I will be getting.
If I will spend 0.001 Bitcoin? With a price of 0.08 Bitcoin per Ethereum. And then I can just click on place order right here. Then again confirm. And now the order has been placed. So what I can do now is just go to orders right here.
And that will take me to the open orders page where I can see all of my limit orders. That haven’t been filled yet. If I want to cancel my order I could just click on cancel right here. And then the order will be cancelled. And my trade will never go through.
If you leave your order in here and the price actually reaches the price that you have set. Then the order will fill and you’ll see the completed order in the convert history. Right here.
Introducing the Advanced Trading Interface
So that was the very easy and simple way on how to trade crypto on Binance. Let’s now also look at the more advanced trading interface.
That all the professional traders here on Binance are using. So let’s go to trade again and this time let’s click on Spot.
And this will take us to the more advanced trading interface. Now if you’re seeing this for the first time then it might look pretty complicated.
However I’m going to explain to you what everything means and then you’re going to see that it’s actually not that complicated.
Understanding the Trading Pair and Market Data
So let’s start all the way on the top. So right here you can see. That the currency pair that we are trading right now is Bitcoin versus U.S. dollar tether. Which means that if I create a buy order then I will buy Bitcoin and sell U.S. dollar tether.
If I create a sell order I will sell Bitcoin and I will get you a sort of tether. Then here you can see the current .price of Bitcoin in U.S. dollar Tether. crypto currency exchange binance
thepricechangeinthelasttwentyfourhours The highs and lows in the last 24 hours and then also the volume. So how much has been traded?
In Bitcoin and you’re sort of tether in the last 24 hours. Then we can also change the currency pair that we want to trade. So currently we are at BTC USDT. We can also come over here and type in for example. ETH so if you want to trade Ethereum.
We can just type in ETH. Then we can see all the currency pairs that we can trade here on Binance. So let’s say we want to trade Ethereum versus U.S. dollar Tether. So I would just click here on Ethereum versus U.S. dollar Tether. And then the entire interface changes.
Analyzing the Price Chart and Candlesticks
And here in the middle we can see a price chart for Ethereum. So this is what’s called a Candlestick charge and each of these red and green lines. Our so-called candlesticks. Which represent the price movements. At a specific time frame.
Currently you can see the time frame is set to one day. Which means that she eats. Candlestick represents the price movements. In that specific day. So here for example on the 1st of April 2025. The price has risen from 400. From 4200 and 677 dollars.
To $4360. Then on the next day it’s red so it has fallen a bit. And so on. Now we can also change the time frames up here so when we go to the 15 minute charge. Then each Candlestick represents. 15 minutes. So depending on if you want to trade long term or short term.
You want to change the time frame of the candlesticks right here. crypto currency exchange binance Now you can also see these thin lines coming out of these candlesticks.
These basically represent the entire price movement. Of the prices that have been paid for Ethereum. In that specific time frame so.
In those 15 minutes the highest price that has been paid was 2888. Dollars for one Ethereum.
Withdrawing Funds from Binance
can see all the currency pairs for Dogecoin so Dogecoin versus for example Bitcoin. And then obviously you would if you would. Do a buy order. You would sell Bitcoin for dogecoin if you do a sell order.
You would sell Dodge coin for Bitcoin. And now let’s also look at how to withdraw funds from your Binance account. To either a bank account or a crypto exchange or a crypto wallet.
Withdrawing Cryptocurrency
So let’s first look at how to withdraw crypto currency from the Binance exchange. So to do that you would just go over here to your wallet click on overview. And then you would just click on withdraw right here.
And then right now I’m under the withdrawal of Fiat page so I would just click on withdraw crypto right here on the top.
And they will switch to the withdraw crypto page. Now here I can decide on what crypto I want to withdraw. So let’s withdraw some light coins. So I’m going to.
Click here and then I’m going to type in the crypto that I’m looking for in this case Litecoin. And now here under address I will just have to paste in. The crypto address for Litecoin that I will want to send my coins to.
Now in my case I will just send it to my Qcoin account. crypto currency exchange binance So this is the wallet address of my cube coin account so I can just click on copyright here.
My address into the address field. And then make sure the network is correct here as well so it automatically recognizes right now.
That this address is in the Litecoin network. And then I can send a specific amount. Let’s say I want to send 0. One let’s say 0.05 light coin. And then I would just click on withdraw right here.
Confirming the Withdrawal
And then I have to again confirm. And you also have to confirm with your two factor authentication code and also with your e-mail code. Depending on how you have set it up in your security settings.
Then once you have typed everything in. Then the withdrawal has been initiated and after a specific amount of time depending on what kind of coin you are sending. crypto currency exchange binance Your crypto should be visible in your wallet or the other exchange that you have sent it to.
Withdrawing Fiat Currency
And now let’s also look at how to withdraw Fiat currency. So to do that we would just go to our wallet right here under overview. And then again we would just click on withdraw right here on the top.
And now we’re going to switch to withdraw Fiat right here. And then here we can select the currency that we want to withdraw.
crypto currency exchange binance Now obviously if you still have it in cryptocurrency then you have to convert it first into a Fiat currency using the convert feature right here or the spot trading interface.
And then once you’ve done that you want to choose your currency right here. So let’s say I want to withdraw some U.S. dollars right here because I have some. Balance on my account.
Completing a Bank Transfer
And then you can see all the options how you can withdraw. That money to your bank account? Now for U.S. dollars we just have a bank transfer so we can just click on continue right here.
And then here you would just type in all your bank details. crypto currency exchange binance And then click on Continue. And then once you have confirmed. Finance will send the funds to your bank account.
