Binance: Complete Beginner's Guide + Fee DISCOUNT
❓ Who Is Binance? ❓
Before opening up any exchange account, it is always a good idea to know who you are dealing with. Straight up, no one really knows where Binance is headquartered. However, where is Bitcoin headquartered? Crypto is global and maybe the old HQ method of doing business is old fashioned. Binance has offices and staff all over the world and they are not hiding in the shadows. Also, the exchange has acquired assets like Coinmarketcap for $400M, Trust wallet for a bunch of money and made strategic acquisitions in the likes of FTX and Swipe. Not the sort of stuff that a back alley exchange would do.
💰 Does Binance Have That Altcoin? 💰
Head over to Coinmarketcap, search for the crypto you want, and select it. You’ll be taken to a stats page where you can click a market button to see all the exchanges that the crypto is listed on.
💵 How To Deposit Fiat on Binance? 💵
There are a plethora of different options available on Binance to deposit. I show you exactly how to do that in the vid. So, make sure you watch this section.
⬇️ Depositing Crypto on Binance ⬇️
Once logged into your account, you want to click the ’wallet’ button at the top right of the screen. This will expand a dropdown and you want to click ‘fait & spot’. Then you’ll see a big deposit button, bash that. You will then see a deposit page for crypto and wallet addresses to use to deposit crypto on Binance.
🤫 How To Save On Fees 🤫
Trading fees seriously add up over time. So, you are going to want to optimize these. Yes, Binance charges five times lower fees than CoinBase. However, you can reduce those 0.1% fees even more. If you sign up to Binance with my link and pay your fees in BNB coin then you’ll pay just 0.06% in fees, a 40% saving.
📈 How To Trade On Binance? 📈
Watch my video where I take you through the whole trading process on Binance.
👍 Other Services On Offer? 👍
Tired of paltry interest rates at your bank? Well, get up to 6% interest with Binance Earn. Higher rates are available if you choose fixed savings terms or opt for high risk savings products. Then you have the Binance Visa card. This allows you to spend your crypto wherever Visa is accepted. Even better, you can get up to 8% cashback using it. Then you have things like Launchpool and Binance LaunchPad which give you exclusive access to new cryptos. Be sure to watch the vid for more info.
👨🏫 Educational Resources 👨🏫
Binance Academy and Binance Research are completely free and you should certainly check those resources out to brush up on your crypto knowledge.
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.