Questions-Answers about trading

How to trade on binance exchange


How do you trade and make money on Binance?

Buy and sell crypto in your local market at Binance P2P, you can earn from a couple of hundred to over $ 5,000 every day.

  1. Open the Binance App. …
  2. Choose the Sell tab and the BTC crypto. …
  3. Select the Bank payment method and the NGN currency to sell the crypto.

Can I trade on Binance?

It’s compatible with iOS, Android, as well as Mac and PC operating systems so just about anyone can place a trade or monitor their account from virtually anywhere. Binance offers a large selection of tradeable cryptocurrency markets. As of May 1, 2019, 467 different markets are supported on the exchange.8 мая 2019 г.

Can I trade on Binance without verification?

No, you can trade/withdraw up to 2 BTC per 24 hours without any verification. You only need an email address and password. If you want to trade more, invest in IEOs, stake crypto or lend crypto you have to do the KYC. After the KYC you can trade up to 100 BTC / 24h.29 мая 2020 г.

How does Binance trade with leverage?

In order to activate leverage trading, you have to go to your wallet and select the “Borrow/Repay” option. Binance offers a default 5x leverage, so the most you can get is four times what you already have. Also Read: Which Cryptocurrencies Should You Invest In 2020?

Can you sell Bitcoin for cash on Binance?

For a streamlined manner of selling Bitcoin and turning that into cash, the Binance Cash Gateway offers a simplified and secure way for you to directly convert BTC into USD, EUR, and other currencies you may need at the moment. … Sell Bitcoin directly to other Binance users to exchange them for your local fiat currency.

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What are the best days to trade?

All in all, Tuesday, Wednesday and Thursday are the best days for Forex trading due to higher volatility. During the middle of the week, the currency market sees the most trading action. As for the rest of the week, Mondays are static, and Fridays can be unpredictable.

What is the minimum deposit for Binance?

The maximum deposit and withdrawal limit depends on the level of the linked Binance account, while the minimum deposit and withdrawal limit is $150. This is the latest initiative by Binance to expand the exchange’s influence in new markets.

Is Binance blocking US customers?

Binance, the largest crypto-to-crypto exchange by volume, has announced that it will stop serving U.S. individual and corporate customers on its main platform, … 12 will continue to have access to their wallets and funds, but will no longer be able to trade or deposit on

Is Binance going to be shut down?

Binance, the biggest cryptocurrency exchange platform by trading volume, is closing its dedicated Jersey branch. In an announcement provided to CoinDesk on Monday, Binance said all deposits to the local platform will be disabled on Oct. 30, and trading and other services will cease on Nov. 9.4 дня назад

Can I link my bank account to Binance?

Step 1: Log in to your account. Step 2: Visit the payment method page. … Step 6: Enter your bank credentials in the Plaid window to connect your bank with your Binance.US account. Click the continue button.

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Is Binance a safe wallet?

Binance is one of the most secure exchanges in the market at this point. Their wallet services are secure and safe, their transaction fees are quite low as well. Binance is a safe option for cryptocurrency traders and users and is probably one of the safest bets out there. … Do not leave your funds on Binance Exchange.

How much can I withdraw from Binance?

The withdrawal limit of Binance allows unverified users (Level 1) to withdraw 2 BTC every day, while verified users (Level 2) can withdraw as much as 100 BTC in one day, which is around $800’000 if current price of BTC ($8000 per coin) is considered.

Can you leverage trade on Binance us?

We follow the money so you don’t have to. … Outside the United States, traders can get leverage on purchases of cryptocurrencies and derivatives via exchanges including Binance, Bitfinex and BitMEX, in some cases enabling bets of up to 100 times the money down.6 мая 2020 г.

Does Binance offer margin to trade?

Binance is one of the most popular cryptocurrency exchanges on the market today, and they have recently expanded their offering by introducing margin trading.

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