Looking to invest in cryptocurrencies? Binance is the leading cryptocurrency exchange platform, with more than 100 cryptocurrencies and the largest trade volume in the world.
Since its launch in 2017, entrepreneurs from all over the world have been flocking to Binance to take advantage of the emerging crypto-economy. If you are looking to join this lucrative new market and trade in cryptocurrencies, you’ve come to the right place. Read on to find out how to trade on Binance.
What Distinguishes Binance from Other Platforms?
When Binance launched, there were tons of other cryptocurrency platforms, but it quickly rose to the top thanks to several distinguishing factors.
Binance is arguably the most secure exchange platforms in the world. Hackers have never breached Binance. Moreover, the system is easy-to-use and the management focuses on transparency when a security issue arises.
Moreover, Binance offers the full gamut of trading tools to its users. All traders can leverage tools to analyze each cryptocurrency and make informed investing decisions.
Charts and advanced instruments give you a quick overview of the market in real-time. Trading on Binance with 3Commas is easy and straightforward enough for beginners and seasoned traders alike.
As the largest exchange platform, Binance boasts impressive liquidity that safeguards the entire market regardless of cryptocurrency traded. Simply put, this is the best place to trade altcoins against Bitcoin.
How to Trade on Binance 101
Opening an account with Binance is free and takes minutes. After that, you may link any existing wallets you might have and “deposit” your currencies on the platform.
If you’re just starting out, you can use the Buy/Sell Crypto option to buy Bitcoin and other cryptocurrencies directly.
If you want to buy BNB at the current price, go to the platform’s BTC Market and click the BNB/BTC trading pair. From the 1.4 million transactions each second, most of them are BNB/BTC.
You may use the same BNB/BTC pair to sell BNB at the current Bitcoin price. When Bitcoin is plateauing up, it’s a good time to sell some of your BTC or trade it for some of the altcoins that trend low at that particular moment.
Creating an API on Binance
Creating an API key allows you to level up your trading game. With an API private key, you can access markets and real-time trading services of third-party applications. API allows you to leverage the power of advanced computer tools to evaluate the market and calculate your profit in real-time.
Binance allows you to create multiple API keys with separate authentication. The only concern is to store your secret key as there is no way to retrieve it if you lose it.
Expanding Your Tech Knowledge
If you liked our article on how to trade on Binance, you will find great value in the rest of our article! As one of the largest tech news publishers in the world, our network encompasses some of the most widely-read sites of the digital age.
So, come on in and explore articles and news reports from award-winning tech journalists and industry analysts.