Binance has added the Ripple (XRP) trading pair for the Nigerian Naira (NGN).. The new pair now means that Nigerian users can buy, sell, and trade XRP using Nigerian Naira. Binance recently launched a dedicated Binance Nigeria home page allowing Nigerian users to easily deposit Naira onto the exchange, buy crypto, and use the Binance P2P trading platform. Interested in mining Bitcoin? Join the Binance Crypto Mining Pool or sign up for our Crypto Staking products to earn cryptocurrency rewards today! Trade and earn commission in liquidity pools. Log In. Register. App Store. Google Play. Buy Bitcoin Buy Ethereum Buy Ripple Buy Litecoin Buy Bitcoin . Binance cryptocurrency exchange - We operate the worlds biggest bitcoin exchange and altcoin crypto exchange in the world by volume.
Trade ethereum for bitcoin on binanceHow To Trade Ethereum With Leverage on Binance Futures | CoinCodex
Before we start talking about trading in binance , we will talk about how the creation of cryptocurrencies came as a huge explosion and created a dynamic change in the financial world, by giving to people coins who are not under government control.
However, in addition to getting rid of the bureaucracy that comes with traditional financial institutions, digital currencies led to the creation of many other industries that form a multi-billion dollar industry.
Together, the crypto sector is worth billions of dollars. Of all those billions, a significant amount goes through cryptocurrency exchanges, which facilitate the trading of different virtual currencies. Beginning its functions in China and after a change of headquarters to Malta, Binance is among the many crypto exchanges that facilitate the trade of billions in cryptocurrencies. Following the core values of cryptocurrencies, Binance has set its sights on unlocking the financial world by spreading the freedom that cryptocurrencies give their users.
To facilitate trade on its platform, the Binance cryptocurrency exchange has been built with users in mind. The platform has two commercial interfaces, one for basic users, while the other is for advanced users. However, both come with easy-to-use features so that anyone can trade in Binance without problems, regardless of their level. For real trade, it is necessary to create an account. You can use our guide on Binance , where we explain step by step how to create an account on the platform.
After the creation of the account, the next step to be able to trade would be to deposit funds. To make a deposit in Binance there are several options, one of them is in the upper right of our Dashboard. Another way to deposit funds on the platform is through the Wallet option, right next to Dashboard, within Wallet all the cryptocurrencies available to trade on the platform will be shown, we just have to choose the desired cryptocurrency in this example we will choose Bitcoin [BTC] and click on Deposit.
Once inside the deposits in the BTC wallet, we will have access to the address to send funds to the platform. On some occasions, the user already knows what cryptocurrency he wants to trade before even having funds on the platform, however, others users do not know which cryptocurrency to opt for when making an investment or an exchange. This is why we are going to give some advice for the most inexperienced users in the sector and try to make their choice as successful as possible:.
Another fact to keep in mind is that not all cryptocurrencies can be exchanged with each other, the available pairs must be taken into account. The pairs available for trading in binance can be seen in the box to the right of the exchange. After choosing the cryptocurrency you want, check if you have the available trading pair, otherwise you will need to do the exchange in 2 steps.
We already have funds on the platform, we have decided what currency we want to acquire, now we will see the final step, place a purchase or sale order on the exchange. There are 2 possibilities when trading to acquire a cryptocurrency, at market price or at a lower market price. At market price: In the Price box , the market price appears if it takes a long time to do the operation this price may vary , you just have to put the amount of ADA you want to acquire in Amount box and press Buy ADA.
The purchase will be made on the spot. Congratulations, you just traded in Binance! At a lower price: Sometimes you do not want to buy at market price and you want to place an order at a lower price, in this case, in the Price box you must decide the price at which you want to acquire the cryptocurrency, put the amount and press Buy ADA. In this case the purchase will be made when another user sells at the value that has been set in the transaction.
In the case of sale the operation is exactly the same as in the purchase. When we have placed a purchase or sale order at a different market price, we can see if it has been executed from the Open Orders box, located at the bottom of the exchange. If after a while we see that it has not been executed and we want to adjust the purchase or sale price, we can cancel the order and recreate it again. Binance allows you to exchange without having to verify your data, in unverified accounts it will only allow withdrawals worth 2BTC every 24 hours, an amount more than enough for most users who start trading in Binance.
There are many exchanges present in the cryptocurrency sector, each one has its strengths and weaknesses. To choose the one that best suits your needs, check the security level of the exchange, the supported currencies, the available rates, the wallet support and perform a thorough background check before committing to an exchange. To trade, Binance offers the necessary features so that cryptocurrency traders have a reliable platform to exchange easily and securely.
Sign in. Log into your account. We set the limit price at 7, and we are using 20x leverage, so entering this position will require 3. Of course, you can use stop orders to manage your risk. You can check out this tutorial from Binance to understand how different types of stop orders work and how they can prevent unnecessary losses.
In the picture below, you can see an example of an order that has been filled successfully. This position is worth 0. On the right side of the tab, the position can be closed with either a market order or limit order. While it may be hard to wrap your head around Ethereum leverage trading at the start, this guide has hopefully made the process a bit easier to understand.
Thanks to the user-friendly interface, trading Ethereum with leverage on the Binance digital asset exchange is relatively simple. Trade on Binance Futures. Of course, Binance is not the only cryptocurrency exchange that offers leveraged cryptocurrency trading. Create a Binance account First things first - you will need to open an account on the Binance cryptocurrency exchange.
We recommend to start with a small amount until you get comfortable with the user interface. Here, you can select the contract you want to trade. This slider goes from 1x to 75x. Higher leverage means higher potential profits, but also a higher chance of losses.
Here, you can place an order. You can either go long you will profit if the price increases or short you will profit if the price falls. You can choose between market order, limit order, stop limit order and stop market order.
Here, you can monitor the status of your position after your order is filled.