If you are new to the world of cryptocurrency – I commend you! Welcome brave explorer!
are about to enter a fascinating new world and, if you are quick, be
amongst the last wave of early adopters of cryptocurrency.
it might seem like everyone and their mother is investing in Bitcoin and
other digital currencies, truth be told, you are still a pioneer as
most of the world’s population has not yet jumped on the crypto train…
According to the Bitcoin database there
are only 23 million registered addresses for Bitcoin. While there are
plenty of other cryptocurrencies on the market, and this number is
growing exponentially, it shows that out of 7 billion people on earth,
less than 1% are currently invested in cryptocurrency.
I believe that cryptocurrency is the future and that by jumping in now
you not only stand a very good chance of making a yacht-load of money
but you also hedge your bets against crypto taking over.
You still have time to build a cryptocurrency portfolio, and invest in the currency of the future.
But, the window is closing.
Every day, thousands more people are investing, and coin prices are going up.
get maximum returns on your investment, you need to join the party
sooner rather than later as, almost every day, the cost of entry goes
The best way to make money with cryptocurrency is to select a
portfolio of coins you like (based on their tech, mission, team or
roadmap), to invest into several of these (thus spreading your risk) and
to then simply wait a couple of years.
To get involved in cryptocurrency though, you need to join a cryptocurrency exchange…
Getting started trading on Binance
is very important! Whilst the Binance coin exchange is the best trading
platform available for digital currencies, you cannot trade traditional
currencies on it!
What does this mean?
This means you
can’t transfer you US Dollars /Euros / Sterling Pound to your Binance
account – you can only transfer cryptocurrency into your Binance
So before learning how to trade on Binance, you need to…
- Purchase Bitcoin outside of Binance.
- Transfer your Bitcoin to Binance.
- Purchase the other cryptocurrencies you want using your Bitcoin.
To find out more about buying Bitcoin, read this ultimate guide.
Why Binance Exchange is the Best Coin Exchange
been trading crypto for over a year now and let me tell you – crypto
trading has come a long, long way in a remarkably short amount of time.
few years ago, buying, trading and selling coins was a fucking
nightmare. The technology was iffy, the software was unnavigable, and
every time I clicked my mouse to ‘buy‘ or ‘sell‘, I did so whilst holding my breath.
But now that cryptocurrency is larger than the entirety of JP Morgan,
the game is very very different and has become much more legitimate.
Binance exchange has helped change the game for the better.
What is Binance
is a digital asset exchange service. Basically it’s an online platform
that allows people to buy cryptocurrencies using Bitcoin. Learning how
to trade on Binance will get you in the cryptocurrency game and give the
ability to trade basically any coin on the market. Best of all, unlike
some other exchanges, Binance offers a truly staggering number of
cryptocurrencies for you to buy and sell so you are very likely to find
the coins you are looking for on the Binance platform.
Where is Binance Located?
coin exchange is a Chinese based company, and because of this the
website supports multiple languages. Binance exchange has received a ton
of growth and investment. According to Craft.co,
Binance has received over 10 million dollars in investment funding from
various Chinese venture capital groups. Binance is, at the time of
writing, one of the largest and most legit exchanges based out of China
and this is a huge advantage. It seems likely that more and more
cryptocurrency investment will continue to be driven from China so
trading on a Chinese based exchange has some advantages.
Binance being located in China has its own set of pros and cons, but we’ll get over that in just a minute.
Why Binance is the Best Trade Platform for Cryptocurrency
Truth be told, there are a ton of platforms to trade cryptocurrency on.
of the more popular ones are Bittrex, Bitfinex, Kraken, and Poloniex –
but there are hundreds of others. Each has their own unique set of pros
and cons and many exchanges have now stopped taking on new members due
to exploding in popularity.
Binance Exchange is one of the few, well regarded and trusted, exchanges remaining that still takes on new members.
trade on several exchanges but in the past few weeks, Binance has
become my go-to and I am now trading almost exclusively on the Binance
platform. This is for a few reasons…
Pros of Binance
most important thing about the best cryptocurrency trading platforms is
their reputation. The reviews for Binance are through the roof as it is
easy to use and most importantly – SECURE! The team behind Binance has a
proven record in both cryptocurrency and finance in general.
Personally, I’ve had no problems with Binance thus far and when I did
open a support request I found the team to be super fast and helpful at
getting back to me.
- Good for newbies and pros
The interface is easy for beginners to use, and advanced enough for pros to really crush it.
- Access to hundreds of cryptocurrencies
main reason I’ve now started trading almost exclusively on Binance is
because of the massive range of coins available. Many exchanges don’t
offer more than 20 or so coins, Binance offers hundreds. Binance focuses
on hosting newer alt coins before other exchanges so often the cheapest
place to buy certain cryptocurrencies anywhere online is on Binance,
this can give you a massive edge if you pick up coins that are only
listed in a couple of places and those coins then go on to do very well
and get listed elsewhere; this will push up the price and you’ll make a
killing just for entering early.
- Low fees on transactions and withdrawals
of the biggest draws to Binance is the super cheap transaction fees.
Since Binance are in the startup phase, the fees really are some of the
least expensive out there. Binance charge nothing for new deposits of
coins onto the platform and just 0.1% on the value of trades. To put
this in perspective – if you were to use your Bitcoin to buy $100 of
Ethereum, Binance would charge you 10 cents.
- Capable of processing 1.4 million transactions per second
exactly what this means is unimportant. Just know that Binance is fast,
and fast is good. I’ve had some real issues with lag on some trading
exchanges, especially Poloniex, and sometimes this lag has cost me
serious money on trades. I haven’t had this problem occur on Binance.
- Support is available in many languages
Good if you are bilingual!
- Great reward and affiliate programs
If you sign up to Binance through my affiliate link,
I’ll earn a small kick back at no cost to you. You can then use your
own account to invite friends and family and earn a small commission
Cons of Binance
Binance is my favourite platform for exchanging cryptocurrency, it’s
not without its flaws. My experience has mostly been positive but I’ve
noticed a few complaints online….
- Difficulty with Android version of app
I actually haven’t used the app yet, as I conduct most of my business on my laptop.
- Delays with certain coins
haven’t had any problems but some users on Reddit have expressed
frustration at coins taking a long time to turn up in Binance wallets.
In my experience though, this is a recurring issue across all exchanges
and the coins do always eventually turn up – assuming you haven’t fucked
- Binance does collect and store some user data, such as logging IP addresses
But so does Bittrex and the other major trading platforms.
Is Binance Safe?
the pros of Binance greatly outweigh the few cons. Truthfully, this
platform is as good as it gets, so if you are wondering if ‘is Binance
safe?’ – fear not! Just be sure to follow the golden rules of safe
crypto trading – more on that later – and you shall be fine.
you will see in the step-by-step guide, Binance is one of the most
secure and best cryptocurrency trading platforms out there and if you’re
new to crypto, Binance really is the most accessible platform with some
of the simplest, easiest to read, charts.
How to Set up an Account on Binance
Note – I highly recommended you do this on a desktop or laptop, not your mobile phone.
As mentioned, one of the best aspects of Binance is how easy it is to use.
step by step guide will show you exactly how to set up an account with
Binance, so you can start trading cryptocurrency straight away…
Step One – Go to Binance
Click here to get to the exact page of Binance exchange login you need to get started.
The page should look like this. A few things to keep an eye out for…
Binance’s Homepage – where you can access Binance Exchange Login
Notice in the top left hand corner. “Secure”.
*Pro tip* –
Now that you are in the crypto world, it’s a good idea to always keep
an eye out for secure websites. The most dangerous part of
cryptocurrency is landing on a fake website and sending your hard earned
crypto to a scammers wallet – if you do that, you can’t get it back.
By ensuring websites are “secure”, you can ensure you are protecting yourself.
In the top right hand corner, click “Register”
Click register in the top right hand corner to get to the Binance Exchange Login
You should then be taken to this page.
Binance requires one capital letter. I recommend using a non-obvious password with lots of letters and numbers
Fill out your information. The password you create must be at least 8 characters with ONE capital letter.
*Pro tip* Please,
for the love of god, do not use your pets name as your password.
Generate a new password, filled with letters, numbers, capitalisation,
and everything in between. These little steps help ensure your account
and beautiful cryptocurrency stays warm and safe.
After you click
register, you’ll be presented with a quick verification puzzle. Again,
this is for safety to assure you are a human being and not
It’s a strange captcha but it’s effective (Binance Exchange Login)
Slide the slider over the puzzle piece and viola!
Binance verification is taken seriously
We are on our way! Now check your email…
While a bit of a process, Binance verification ensures your transactions are secure
…and click “Verify Email”.
Which will then take you here…
https ensures you are not going to get hacked
2FA (Otherwise known as “Google Authenticator”) is highly highly highly recommended
for the love of God, enable 2FA. This is rule number one of the golden
rules of trading crypto safely. To set up 2FA, click the “Google Auth”
button on the left hand side. This is a crucial step in the process of
Step Two – Enable Google 2FA
Again, in the name of security, we are going to enable Google’s amazing “Two Factor Authentication”.
is a fantastic tool that enables Binance to ensure that you aren’t
getting hacked… and it’s pretty cool, you’ll kind of feel like a spy.
First, download the app “Google Authenticator” from the Android Play Store or in your iPhone App Store. It looks like this…
Google Authenticator (G2FA) on Android
Once you have downloaded the app, open it. Then, go back to Binance.
This part is very important. There are two things to keep in mind.
- Your barcode
- Your secret key
- Bar Code –
This is what will sync your Binance account with your Google 2FA. Once
you have downloaded the app, you will “scan the barcode”. This will get
your Binance account synced with your Google account to give you a way
for Binance to know it’s you when you are making a trade. It’s super
simple to use.
- Security Key – I recommend
taking this key, and saving it in three places. Write it down and store
it in a book or journal, bury it in your email, and take a picture and
lock it behind a vault-app (I like to use Keep Safe – it’s free and
secure). This ensures that you have multiple means of accessing this
important key. In case you get locked out of your account, or lose your
phone, this is the only way to get into your Binance account. Heed my
advice. This is like crypto-insurance, and you never need insurance
until you fucking NEED insurance. Take the steps, and make sure you do
it right – you won’t regret it.