over 100 different ways to buy and sell
How do I trade on Binance after registration?
On Binance, crypto traders perform millions of trades per day. Each of them once started their way on the stock exchange. Some may even have encountered difficulties in choosing a trading regime. In this article, we will take a quick look at the options for trading on the Binance cryptocurrency exchange and the process of depositing / withdrawing digital assets using fiat gateways, so as not to leave a single chance to confusion. This information is relevant both for those who trade on the site and for traders using the application.
How to buy cryptocurrency on the Binance exchange for rubles or hryvnia?
After authorization, you need to make sure that there are digital assets for trading on the balance sheet. Buying cryptocurrency on an exchange takes a few minutes and can be done with fiat money.
Over the past 2 years, a large number of fiat gateways have been implemented on the Binance exchange for buying Bitcoin, Binance Coin, Tether, Ethereum and other cryptocurrencies. To acquire electronic assets and start trading, you can use:
Bank cards Visa or MasterCard... Using the card, you can buy cryptocurrency directly on the exchange or top up your account. The commission for operations with RUB is 3,3% and 3,1%, and for operations with UAH - 2% and 1% + 4 UAH, respectively.
P2P service... Buying cryptocurrency on an exchange through Binance P2P avoids trading fees and unnecessary manipulation. Moreover, transfers are made almost instantly.
Payment platforms... Services such as Yandex.Money, Payeer, Simplex, AdvCash and Mercuryo are additional gateways for transferring fiat money to cryptoassets. Please note that for transactions with hryvnia, Binance only supports AdvCash and Simplex.
Bank cards, P2P services and payment platforms can also be used to sell cryptocurrencies. But fees for withdrawing electronic money to fiat may differ from purchase fees (except for transactions through Binance P2P). You should also take into account the minimum amount of transfers using a particular gateway.
Exchange trading methods
Binance cryptocurrency exchange is a Mecca for beginners and experienced traders. The platform presents 5 main trading methods available after registration and balance replenishment:
Conversion... Section for instant conversion of digital assets on the platform and OTC trading.
Classic trade... Trading without unnecessary tools that can confuse novice users.
Advanced trading... Everything an experienced trader needs to trade multiple trading pairs.
Margin trading... A mode for using leveraged digital assets for the purpose of making a profit.
Binance P2P... Intra-exchange announcements for the purchase and sale of cryptocurrencies, including through fiat gateways.
Binance guarantees fairness and transparency of transactions on the platform, and also continues to implement additional methods of transferring cryptocurrencies to fiat. Already today, traders who use UAH and RUB can easily conduct transactions on the exchange in any trading mode.