Today, I’m going to teach you how to use Binance.US Crypto Exchange to trade as an expert.
For sure, buying and selling cryptocurrency can be stressful therefore it’s important to choose an exchange that is reliable, and one that you can trust.
It’s also crucial to find an exchange that meets your needs and isn’t too complicated to use. There’s nothing worse than opening an account on an exchange and then realizing you don’t know how it works! Awkward moments. Smiles.
If you’re an American, and thinking about opening a trading account with Binance.US, then read on…
In this Binance.US tutorial, I’ll teach you everything you need to know about how to use Binance.US trading platform where you can easily trade Bitcoin & Ethereum Futures, and of course, other Cryptocurrencies…
I’ll show you how to sign up, how to trade on Binance.US Altcoin exchange and the best trading sections for both beginners and advanced users.
By the time you finish reading, you’ll know all about one of the biggest exchanges in crypto and, more importantly, you’ll know how to use Binance.US!
I’ll begin with a short introduction to the exchange…
Popularly known as Binance.US, the United States of American Binance crypto exchange now lets users buy cryptocurrency with debit cards.
Binance.US is a reliable and inclusive marketplace for everyday American users, bringing the freedom of choice to buy, sell, and access the most diverse selection of high-quality digital assets, without high fees.
Binance.US allows users to be part of the open and competitive market that discovers projects with true utility. When you ask, we listen. We build for you.
In its first 40 days since launching, the American digital asset marketplace, Binance.US, jumped to $20 million in daily trading volume and increased token listings from seven to 24 tokens, bringing a total of 40 trading pairs to U.S. users.
Announcing on Nov. 1, Binance.US admitted that the exchange will now offer its customers the possibility to purchase cryptocurrencies with a debit card, joining existing U.S. dollar on-ramp and off-ramps, including the automated clearinghouse (ACH) and bank wire.
It should be noted that Binance.US is different from Binance.com. Why is this? The Binance.US is the home of digital assets specially dedicated to all United States of American crypto users.
So, as far as your state is approved to work with Binance.US, they’ve got you fully covered to buying your first Bitcoin (BTC) or any other cryptocurrencies of your choice.
Using Binance.US to Trade Cryptocurrencies
Binance.US is a fast, secure and reliable digital asset marketplace that launched in late September, and now offers access to buy and sell the following digital assets.
Not long ago, Binance.US increased its ACH (Automated Clearing House) limits for USD deposits and withdrawals, allowing American users the ability to send up to $5,000 through their initial ACH deposit.Therefore, with this, the Americans crypto traders can easily trade on Binance.US.
The Top Features of Binance.US Exchange For American Traders?
The following are some of the things that have made Binance.US stood out from the crowd.
#1. Enjoy ZERO trading fees for 30 days
If you sign up now for a new account, you will enjoy ZERO trading fees for 30 days. That means, all the money you will make is all yours to keep. Nothing less.
How to qualify
For all new accounts, after passing basic account verification, you can trade for free on Binance.US for your first 30 days (across all trading pairs).
#2. Provide FDIC Insurance Coverage For USD Deposits
When you create a new account on Binance.US, fund and ready for trading, the exchange will provide FDIC insurance for your funds.
Of course, we know that the Federal Deposit Insurance Corporation is one of two agencies that provide deposit insurance to depositors in U.S. depository institutions, the other being the National Credit Union Administration, which regulates and insures credit unions, so, as a trader on Binance.US your funds are safe and insured.
#3. New Users Still Get FREE $15 on Sign Up
As already stated, when you join in as a new user, you will have a free $15 sign up bonus. This is a great boost for your crypto trading journey on the platform. Use this exclusive link to get the FREE $15.
#4. Addition of New Assets
Binance-US is building more ways for you to explore the digital asset economy through Binance.US! Just of recent, they added a varying number of digital assets for you to trade with.
Some of them included CELR, DCR, ENJ, FTM, ICX, IOST, KMD, OMG, ONE, ONT, REN and more.
#5. Great Exchange Apps to use for flexibility
With the platform’s trading companion available for download on iOS | Android, you can easily explore next and where you can find more information about crypto markets and trading terminology.
How to Open an Account on Binance US Crypto Exchange
#1. Create an account on Binance.US
How to Fund an Account on Binance Exchange
For this Binance-US tutorial, I will use a debit card as an example of one way that you can fund your Binance-USD account.
2. Login to your account and Verify your identity in a few minutes
Verification is important to prevent identity theft or fraud. Click the link sent to your email account.
3. Buy Bitcoin Successfully
Receive your Bitcoin (BTC) successfully
Your Bitcoin (BTC) purchase should be successful. Refresh your dashboard and see the funded BTC sitting comfortably in your account.
That is how to successfully buy Bitcoin as an American using Binance.US crypto exchang
Now follow the simple instructions below and you’ll be trading in no time at all!
How to Trade on Binance.US as a Beginner
Having funded your trading account using the steps above – credit card or any payment method you opted for, let’s now see how to trade even though it’s your first time.
There are two Binance.US trading settings: Basic and Advanced. Beginners should start by trading in Basic.
The Basic trade setting has a simple layout that’s easy to understand. Only important information for making trades is displayed. You must remember that Binance.US is a professional trading platform, so even the Basic trade setting might seem too complicated for some newbies to use. However, it won’t take you long to grasp it!
The Advanced trade setting gives expert traders access to all the price charts and market data that they need to make complex trades. As this is a beginner’s Binance tutorial, I’ll only be showing you how to buy on Binance.US in Basic. I’ll save the tricky stuff for another day!
So, let’s learn how to use Binance.US for Basic trades…
1. Login to your Binance.US account.
2. Click on Markets
To begin, click the ‘Basic’ button on the website header to open up the trading interface.
Upon clicking the “Trade” knob, you will be presented with a simple beginners trading interface, chart, order book and order selection screen, among other things.
3. Choose a trading pair
You will observe that Binance.US lists hundreds of trading pairs. These are pairs of coins that Binance offers an exchange rate for. For example, USD can be traded with 50+ different coins so we say that USD has 50 trading pairs on Binance.us.
In this example, our account is funded with Bitcoin, so we are only able to trade with BTC.
You can use BTC to trade with other pairs. However, if you want to use USD which has many more pairs, then you can use it as well. All you need to do is select it and you’re done.
For this tutorial, I will use XRP/BTC – trading pairs.
4. Choose which type of trade you want to make
Binance.US offers three kinds of trade:
# Limit orders allow users to set the maximum price they are willing to pay for coins or the minimum price they are willing to sell them for. Traders then have to wait until a buyer or seller accepts their price.
# Market orders allow users to trade coins at their current market price. This kind of trade is the fastest and simplest.
# Stop-limit orders allow traders to buy or sell a coin once it has reached a certain price. This kind of order is often used by pro-traders.
For this tutorial, I’m only going to show you how to buy on Binance with market orders. They are quick, simple and perfect for beginners.
5. Choose the amount you want to trade
Click on the Market if you are happy with the current market price and enter the amount of Ripple (or your chosen coin) you want to buy. You can enter this as an amount or as a percentage of the Bitcoin in your trading account.
Go ahead and Click on Buy XRP and that’s it. You’re now a Binance.US crypto trader!
Now you know how to use Binance.US to make trades. More so, I think there is something I have not talked about. Yes, I need to tell you about Binance.US trading fees…
Binance.US Trading Fees
Binance.US trading fees are some of the lowest on the market. Binance.US doesn’t charge users for making deposits. This is because the exchange is cryptocurrency-only. It avoids the high fees that exchanges that offer fiat trading have to charge.
Binance.US trading fees are capped at 0.1% of each purchase or sale users make. This fee is reduced by 50% if traders use Binance Coin (BNB) to pay them. So, that’s a final fee of just 0.05%!
Just as we’ve seen, Binance.US trading fees are one of the exchange’s best features.
Again, let’s touch one of the most important factors when it comes to crypto exchanges – security.
Security on your Binance.US Trading Account
One way to trade like a hero is making sense of security on your trading account. How? There are several ways Binance.US users can protect themselves against thieves and hackers. Let’s look at some of them.
Activate Two-factor authentication
Being one of the top security features anyone can use, 2FA is a must for your trading account. The good news is that it is free, so, you ain’t paying anything to click and activate it.
Ignore requests from people claiming to be from Binance
Know today that nobody from the Binance.US team will ever ask for your passwords or your 2FA codes. They will also never ask you to send coins to a “safe account” or anywhere else!
Only use the official Binance site
You don’t want to click on links to Binance in emails/pop-ups. Check the official Binance URL and bookmark it! If you need to contact the Binance team, use the contact information found on its secure homepage.
Use strong anti-virus softwareYour Binance.US trading account is only as safe as the device you’re accessing it from. Make sure all the devices you use to access your Binance account are free from bugs and viruses.
All in all,
Using a crypto exchange isn’t like using the services provided by your bank. There are no 24-hour helplines to call or buildings you can visit to complain! You’re responsible for the security of your account so be safe, crypto newbies!
So far, we’ve seen how to use Binance.US to open an account and make basic trades. I’ve also taught you about Binance.US trading fees and security.
Before you head over to Binance.US and start trading + a free $15 waiting for you, I want to take a quick look at what kind of user Binance.US is designed for…
Who is Binance.US Exchange For?
Binance.US is designed to appeal to as many users as possible. The exchange is simple enough for newbies to use and offers enough coins and features to keep expert traders happy as well. I would recommend Binance.US to crypto traders of almost every level of experience.
While the only users who might struggle to use Binance.US are first-time traders. These users probably won’t own any cryptocurrency and may not understand the basics of crypto trading.
But the hack is, you have both the beginners section and advanced, so, no need to worry about how to get started.
When you sign up, log in, just move to markets and click the “BASIC” knob. Use this section for some time before you launch into the advanced section – although there are no big differences.
Frequently Asked Questions By American Traders About Binance.Us
What is Binance.US?
Binance.US is a fast, compliant, and secure digital asset marketplace. As a local partner of the global Binance ecosystem, they bring the best-in-class technology, speed, and execution of Binance to everyday users in the United States.
What will I need to register on Binance.US?
KYC (know your customer) will be required for trading on Binance.US. Setting up a new account will require a valid government ID (driver’s license or passport) and social security number (SSN) to register for access to the Binance.US marketplace, available in most U.S. states.
Can I deposit cryptocurrency once Binance.US launches?
Yes! Upon the successful completion of the KYC onboarding process, you will be able to deposit cryptocurrency.
Does Binance.US has an iOS or Android app?
Yes, there are mobile versions of the Binance.US platform for both Android and iOS users.
Can I get the free $15 if I already registered on Binance.US?
NO. If you want to get free $15, you will have to get a new account.
There are no doubts that the cryptocurrency exchange market is very crowded. With this type of competition, the only surviving exchanges that succeed will be the ones that offer the best features and benefits for new and old crypto traders
In this Binance.US tutorial, I think I’ve shown you an exchange that does exactly that!
Wrapping it up,
So far, I’ve taught you how to use Binance-US to open an account and make basic trades. I’ve also taught you about Binance.US trading fees and security.
Before you head over to the exchange and start trading, you want to make sure your setups are all in place.
Now, I know you want to join others and try out Binance.US for yourself, with a daily trading volume of $9,245,700+, you can’t be wrong as other Binance.US traders.