Blog entry by Van Keeton
In July 2022, Binance announced zero-fee trading for BTC spot trading pairs, and in August for ETH/BUSD pair. While you can choose from a multitude of digital currencies, it is recommended that you stick with either BTC or ETH. Launch Authy on your phone while you leave this page open. Anyone interested in a project should first go to the Binance Launchpad website and click on the project page and thoroughly research any of the projects on offer. To fund your account in fiat, you will first need to complete the KYC process, once that is done you can then deposit funds directly from your bank account by linking it from the Deposits screen. Earlier this year,
Luckily no one lost funds as the hack was caught and the only people to lose out were the hackers, whose funds will be donated to charity. The Binance coin can be used to pay fees and it will also feature in their future plans to create a Decentralized Exchange where it will form one of the key base currencies. This is more positive news for Binance as they aim to consolidate their position as the world’s number one Crypto Exchange. You can manually enter a price you wish to purchase at, but a better way is to click a number on the left-hand column. The Classic platform contains less technical information and may be more suited to beginners, whereas the Advanced view includes a wealth of market data and price charts. The platform has established itself as a trusted member of the crypto space, where users can buy, sell and store their digital assets, as well as access over 350 cryptocurrencies listed and thousands of trading pairs.
Another great feature on the Binance platform is Spot Grid Trading. U.S.-based crypto exchange giant Coinbase announced this week that it will pause trading of BUSD on the platform starting March 13. Coinbase Chief Executive Brian Armstrong cited liquidity concerns for delisting the stablecoin. They currently offer trading pairs in BTC, BNB, ETH and USDT. Binance also announced that they were in talks with Maltese banks with the goal of providing Fiat transactions, meaning they can offer an on-ramp for fiat to crypto transactions in future along with fiat trading pairs on the exchange. Purchasing the Binance coin itself looks like a good investment for the future as the exchange plans to use their profits to buy back a portion of the coins every quarter and destroy them: hence decreasing the supply and making them more valuable for holders. Whilst this will be of little use to travellers, it may be a sign of a future reopening of more of the extensive rail network.
You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Like many new technologies, the early stages of development and adoption are susceptible to policy concerns that may hold back the mainstream adoption. Additionally, bitcoin exchanges, where bitcoins are traded for traditional currencies, may be required by law to collect personal information. As a novice trader, you may even find the Basic view to be fairly complex. Other than a slightly different layout, the Binance exchange Advanced view is identical to the Basic view with a few more TA bells and whistles. We will be using the Basic view. The advanced view uses a dark theme and makes the trading charts larger and the latest trade prices are displayed on the right with the buy sell boxes underneath. You can then send your funds to this address to begin trading on the platform, depending on which currency you deposit it will take different times to show up as this is reliant on that currencies blockchain. At other times in history, other national currencies - and for a long time gold - have been used to settle international debts, hold as a long term store of value, and are used to denominate values for trade.