Yes so How Does Binance Work….Hey there everybody so as you see from the title today we’re going to be doing a binance review tutorial in this tutorial i’m going to be showing you everything you need to know about binance so you can see how it works and figure out if this is the best exchange for you i’m also going to be leaving a link in the description box listed below so if you follow that link you’ll have the ability to produce your account you’ll be able to sign up here on binance which is truly basic to do so without further ado let’s start initially on the home page for binance you will have the ability to simply really see right away.
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that you can start buying and if you just wish to have a look at the different coins that they offer you’ll have the ability to do that if you just scroll down they really have rather a long list of coins offered so press on view more like i did and the list like i stated is long so i’m not going to be reviewing all of them however i do desire you to just to take a look at a few of the coins that they use also for each coin you’ll be able to compare the present rate that they have and the 24 hr change as well as the 24 hour high and the 24 hr low the market cap and the 24 hour volume and now we go here to purchase crypto you’ll see that they have various payment alternatives so you can pay with bank deposit credit or debit card p2p trading money balance and even 3rd party payment so i believe that is a very important thing to look at when you’re choosing an exchange platform the payment options that they have and after that if you go into the square sign here you’ll see some other features that finance has for example for exchange um so seeing simply the different block change exchanges that they have the academy so you can really get tutorial videos and guidance directly from binance on how to trade on their platform broker charity cloud and likewise trust wallet so yeah you can have a look at those from this icon here the square icon however the most essential thing to focus on is the different payment options that they’re going to have to in fact buy your cryptocurrency then they have markets fantastic they have various types of trading so we’ll look at those in a moment and after that derivatives finance so let’s enter into trade so when we open trade there We can opt for transform and just see from one cryptocurrency to another how much the conversion rate is going to be um and after that if we likewise go to the timeless trade design.
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it’s going to open up here graph that we’ll see in a moment which’s going to permit us to see all the different alternatives that we have for training any coin any cryptocurrency so this graph this is like the traditional basic model they do have an advanced one that we’ll look into as well but here this is pretty total too so you can see all the various choices and remember i’m not a monetary advisor so um prior to you understand you follow the steps providing on financing um before you choose to purchase sell any kind of exchange you need to do you understand the required research study and uh decide on your own but this is a platform where you can absolutely proceed and exchange your cryptocurrency purchase yourself directly and we can likewise go like i said to the more innovative design which is going to have more details and just take that you have a more understanding of how the exchange is going to work but if you do have that understanding and you’re able to examine it this is another great option Where you can take a look at the specific rates and just exchanges that you can do and then they likewise have if you want to do a margin trade we can go take a look into that but generally traditional in advance are like the two most used ones but we can definitely uh see how margin trades would work as well if that’s something that you want to check out in order to make your decisions as far as the exchange of the cryptocurrency and lastly yeah so there was gon na appear a video like i stated they do have tutorials and various guides on how to utilize their platform so that’s pretty cool since even if you understand you’re new to this you do not have that much experience they do help you as well so p2p likewise trades and stock token also if we go here to wallet. How Does Binance Work
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we’ll see all the various wallets that um you can keep it in and i do just want to make a parenthesis here so personally i recommend utilizing an offline wallet so having a private address a physical wallet where you can keep all your coins since the thing is when you buy the cryptocurrency on these platforms and you’re keeping it on an online wallet you do not have full control of that cryptocurrency so I will be leaving a link listed below for the journal nanowx which is a terrific option ledger nanowx is a physical wallet you have full control over it and if you don’t like the ledger nano x there’s likewise the trezor wallet alternative both are excellent both do the very same thing and you’re going to have control over your cryptocurrency which is the most important one two.