Binance is a cryptocurrency exchange platform that allows users to buy, sell and trade cryptocurrencies. It was founded in 2017 by Changpeng Zhao and has since grown to become one of the largest crypto exchanges by trading volume. Binance offers a wide range of services including spot trading, margin trading, futures trading, staking, lending, and more. The platform also has its own cryptocurrency called Binance Coin (BNB), which can be used to pay for transaction fees on the exchange and can also be traded like any other cryptocurrency.
How to Use Binance App ?
To use the Binance app, you’ll first need to download it from the App Store or Google Play Store. Once you’ve downloaded and installed the app on your mobile device, follow these steps:
- Create an account:
- Binance.com
- If you don’t already have a Binance account, you’ll need to create one. Open the app and click “Register” to sign up.
- Verify your identity: To comply with regulations, Binance requires users to verify their identity before they can begin trading. You’ll need to upload a government-issued ID (such as a passport or driver’s license) and a selfie to complete this process.
- Fund your account: Once your identity has been verified, you can fund your account by depositing cryptocurrency or fiat currency.
- Start trading: With funds in your account, you can start trading cryptocurrencies on Binance. Use the search bar at the top of the app to find the cryptocurrency you want to trade, then select it to view its trading pair options. Choose the trading pair you want to use and enter the amount of cryptocurrency you want to buy or sell.
- Monitor your trades: You can track your open orders and trade history by clicking on the “Orders” tab at the bottom of the app.
It’s important to note that trading cryptocurrencies can be risky, so it’s important to do your research and understand the risks involved before using the Binance app or any other cryptocurrency exchange.
