Binance has been in existence since 2017 and is one of the largest cryptocurrency exchanges. It is also known as Binance, which is the company name and it is run by Changpeng Zhao who is known as CZ. The exchange has recently been ranked at number 4 for crypto exchanges by Coinmarketcap.com.
Binance Arbitrage
Binance arbitrage is where you can buy or sell two different coins from the same exchange. For example, if you bought Bitcoin (BTC) at $10,000 USD and then sold it for $10,100 USD. You would have made $100 USD. This is done through Binance Futures Trading.
Binance P2P
Binance P2p is when you buy or sell two different coins with each other. For example, if you were to buy Ripple (XRP) at $0.99 USD and then sell it for $1.01 USD you would have made $0.01 USD. This is done through the Binance P2P platform.
Binance Futures Trading
Binance Futures trading allows you to trade future contracts that are set up by the exchange. For example, you can trade the contract between BTC and ETH, or between USDT and ETH. This is done by depositing money into an account and then buying or selling contracts on the exchange.
Binance Academy
Binance Academy is a learning center that provides tutorials for all aspects of cryptocurrency trading. They also provide free tutorials on how to use the exchange.
Binary Options Trading
Binary options trading is where you can make money based on whether a coin will go up or down. You need to predict the direction that a coin will go in order to make money. There are many ways to do this but one of the easiest ways is to look at the chart and see what direction the price has been going. If you predict correctly you can make a lot of money.
