The first thing you need to know about Binance is that it is not a new exchange. It is the world’s largest crypto exchange by volume and has been around since 2017. It is one of the top 10 most visited websites in the world. In fact, the Binance website receives more than 1 million visitors per day.
The Binance exchange was created in 2017 and is based in Hong Kong. The founders are from South Korea.
The exchange is open 24/7, 365 days a year. You can access the platform from anywhere in the world as long as you have an internet connection.
The exchange offers a number of different ways to trade cryptocurrency. You can trade directly against other users or you can buy and sell through the exchange’s order books.
The order book allows you to place bids and asks for specific cryptocurrency pairs. If you are interested in buying a particular coin, you will see a buy order listed. This means that someone else is willing to sell their coins at a specific price. You can then place a bid on the order book to buy the coin at that price.
If you are interested in selling a coin, you will see an offer listed on the order book. This means that someone else wants to buy your coin at a specific price. You will then be able to place a bid on the order to sell your coin at that price.
You can also trade on the Binance Futures Trading platform. This is similar to the order book but there is no limit on the number of trades you can make. You can trade up to 100 times per contract.
You can also trade on Binance Academy. This is a training site where you can learn how to trade on the exchange. You can access the training videos on demand or you can subscribe to the entire course for unlimited access.
If you want to earn money on the Binance exchange, you will need to become a member. To do this, you will need to sign up with a broker account. Once you have signed up, you will be given a trading ID. This is the key to being able to trade on the exchange.
To start trading, you will need to deposit some funds into your account. The minimum deposit is $100 and the maximum is $5,000. You can deposit funds using credit cards, debit cards, wire transfers or bank accounts.
The exchange has an API (application programming interface) that allows developers to create apps and other tools that help traders manage their portfolios. The API is free to use and allows you to make API calls to execute trades.
The Binance trading platform is easy to use and it provides a lot of information to help you make informed decisions. The platform also provides charts and graphs that show the performance of each coin over time.
