Buying and selling cryptocurrency can be stressful, so it’s important to choose an exchange that you can trust. It’s also important to find an exchange that meets your needs and isn’t too complicated to use. There’s nothing worse than opening an account on an exchange and then realizing you don’t know how it works.
So here is the guide for binance beginners, The steps are simple. Open an account, choose a payment method, and start trading. We’ll show you everything you need to know here in our Binance Beginner’s Guide.
A Binance account acts as your gateway into trading crypto trading. But before you can buy your first bitcoin or BNB, you’ll need to open an account.
- Head to the Binance homepage and click [Register] in the top right corner.
- Input your email address and choose a secure password. If you’ve been given a referral code from a friend, now is also the time to enter it.
- Follow the instructions for verifying your account by inputting the code sent to your email address or mobile number.
Once you’re verified, you should now be set up with your Binance account. You’re one step closer to buying cryptocurrency, so let’s dive into making your first crypto purchase
How to buy crypto on binance
Now we’ve set you up with your Binance account, let’s purchase some cryptocurrency.
You’ve got a few options to choose from when purchasing crypto:
- Credit/Debit card: the most straightforward option for new users.
- Deposit funds into your Fiat and spot wallet : transfer fiat currency from your bank account and use it on the exchange.
How to trade crypto on Binance
At some point, you will likely want to start trading cryptocurrencies. If you’re not used to a traditional trading interface, we recommend using the Convert feature. You can access this \by hovering over [Trade] and selecting [Convert] from the Binance homepage With the Convert tool, you can pick the cryptocurrency pair you wish to trade using a simple interface. Fiat currencies are also available if you want to cash out or buy crypto with fiat.
Select the coin you are exchanging in the top field and input the amount. Use the bottom field to select your desired cryptocurrency or fiat currency. In our example, we will trade BNB for BTC. After confirming your selection, the trade will take place at the market price. Trading fees are also applicable and taken automatically.
So Opening an account and making your first trades with Binance is a small introduction to the world of cryptocurrencies. There’s a lot more to it than just buying and selling on the exchange. A huge amount of other opportunities exist on the Binance platform, all available for you to take and explore
