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Huobi Exchange Review

A HISTORY OF HUOBI
Huobi was founded in 2013 by their current CEO and chairman, Leon Li. Li’s background includes having attended Tshingua University, specializing in Automation. Before starting the Huobi Group, Li spent time as a computer engineer at Oracle. In December of 2013, Huobi was named as the largest digital asset exchange operating in China. 2017 saw Huobi extend their limbs into Korea, Singapore, and Japan.
Currently, Huobi has headquarters of various financial sectors based in: Singapore; South Korea; Japan; Australia; Indonesia; Russia; Argentina; Thailand; and China. The company has strived to give customers not only a great exchange, but a great resource for any service one may need. Despite the many difficulties faced with Chinese government in regards to cryptocurrency laws, Huobi has managed to adapt to the changes and thrive globally, eventually branching off into various sectors including venture capital, a cryptocurrency wallet project, and a division dedicated to working with mining pools.

HUOBI'S PLATFORM
spot trading : Huobi offers several different platforms to serve any customer’s needs. For starters, Huobi offers a standard spot trading platform that operates similarly to many other spot trading platforms in the industry. The platform features a multi-timeframe chart, a depth chart, and integration with TradingView (including their tools). Customers are able to view the order book and the asset trading history, as well as their own personal order history. Limit orders, Market orders, and Stop-Limit orders are all available options for traders.
margin trading : For the trader that prefers to trade with a little more volume or risk, Huobi offers a Margin trading platform. Customers can apply for loans through Huobi to trade a greater quantity of cryptocurrencies and profit from the price spread. The original loan must be paid back, and accounts can be liquidated if the risk ratio falls below 110% (calculated as: [(Loaned Amount + Tradable Balance) Total Asset] / [(Interest Payable + Loaned Amount)] x 100%.) Traders can margin trade with Bitcoin; Ethereum; XRP; Litecoin; Bitcoin Cash; and EOS. These assets can be traded with USDT or BTC.
futures trading : Huobi also offers a Futures trading platform. While margin trading can be risky, trading contracts is said to be very high-risk. With that being said, Huobi offers Weekly, Bi-Weekly, and Quarterly contracts in Bitcoin; Ethereum Classic; Ethereum; EOS; Litecoin; Bitcoin Cash; XRP; TRX; and Bitcoin SV.
OTC(P2P) - The OTC, or over-the-counter, section of Huobi offers potential buyers and sellers a way to move large quantities of coins without exposure to the fickle exchange market. Certified merchants can register here, and slippage can be minimized by matching buyers and sellers directly instead of creating market orders.


HUOBI APPS
While you do have the online trading interface, Huobi does have computer programs and mobile apps that you can use.
I found that the PC programmes were more functional as they did not have to rely on the PC browser and were hence much faster. They also have better charting and you are in more control of your trading parameters. These programs are available on Windows and Mac devices.
However, if you are a trader that is always on the go, that is where the Huobi mobile apps come in. These were developed for the main exchange but you can switch to the derivative markets on the futures and swaps platform.
This was a pretty well designed application and you have one-touch ordering as well as some basic charting functionality. The app is available in iOS and Android and you can head on over to the respective app stores to get a sense of the feedback.


EXCHANGE SECURITY
Huobi operates a hot and cold wallet storage procedure. This means that they keep the vast amount of their coin holdings in an offline environment away from hackers. They then have a smaller percentage in “hot” wallets with multisig capability.
They also operate a decentralized server structure around the world which can ensure uptime irrespective of whether one of the servers goes down. You can think of this as effective load balancing.
Finally, they have anti DDoS measures in place. We all know that crypto exchanges are prime targets for Denial of Service attacks and it can be quite frustrating when these are perpetrated in peak market times.


IS HUOBI TRUSTWORTHY?
Huobi, like many exchanges in the space, has had, at one time, some shady history, but for the most part, has managed to maintain a clean reputation. Historically, Chinese exchanges have shown to operate in accordance with different standards, with many exchanges having to suffer at the will and whim of the Chinese government. Some of the controversy Huobi has seen in the past has been a result of this (particularly with the Chinese ban on ICO tokens). It should be noted that in 2017, the exchange did invest into “wealth-management products” using idle customer funds. This sort of activity shouldn’t be taken lightly.
However, with that being said, the exchange continues to turn over a large amount of volume. For the most part, the exchange can be considered a trustworthy platform to trade popular and exotic cryptocurrencies. This does not mean it is entirely safe to store user funds on the exchange, as the exchange (or the user funds) can be susceptible to risk at any given moment. No matter how comfortable one may be with the internet, one should always remember that the internet is not as safe as many would like to believe. Huobi does have measures in place in the unfortunate event that an account is breached, and if verifiable, the customer may be able to retrieve lost funds.
A unique feature offered on Huobi is their Official Media Authenticator. This essentially lets users enter the URL of a content channel to see if the channel is authentic. A feature like this, while seemingly simple, could save anyone from potentially losing their funds due to a scam or phishing website.


HUOBI REVIEW VERDICT
Huobi Global offers a signficant host of features to its users and has maintained its credibility over a long period of time. This is largely one of the main reasons it a ranked as a top 4 exchange by liquidity as its users trust their funds there.
After establishing itself in Asia, Huobi is trying to branch out and take on other areas of the globe which is great news for Western traders. Additionally, the Huobi prime platform could provide some great opportunities for the exchange users moving forward.

Huobi Website: https://www.huobi.com/topic/invited/?invite_code=q7g23
Huobi Indian Community: https://t.me/huobiglobalindia
Huobi Global Community: https://t.me/huobiglobalofficial
submitted by chamithasro to u/chamithasro [link] [comments]

Referral Links

Note: the URLs below are intentionally not links, because reddit blocks posts with some links; copy & paste the URL into a new browser window. Let me know if one of the offers is expired; I can probably get a new one.
American Express Platinum, or any other Amex card: refer.amex.us/STEPHGa64I
That's a universal Amex link; click "View all Cards with a Referral Offer" or "Explore other options" to see all the cards; or see direct links below.
Chase Freedom Unlimited or Chase Freedom Flex: referyourchasecard.com/18f/9J0WMSJMOF
Discover It: refer.discover.com/s/aajw3s
Discover It Miles: refer.discover.com/s/discoverp
Service Credit Union $75 bonus: servicecu.royalreferralcenter.com/register?token=5fa459925bc23&via=tw (first join ACC (use code "SERVICE" to waive $5 fee) to be eligible: americanconsumercouncil.org/membership.asp)
One Finance (savings accounts, get $20 when deposit $100, $5 when install app, $5 when use debit card first time): share.onefinance.com/invite/StephenG/c826f427
SoFi Money: sofi.com/invite/money?gcp=4c18ffe3-fa7c-4d78-8683-d6376e8fa364
SoFi student loan refi, or personal loan: sofi.com/share/3156511
Yotta Savings: withyotta.page.link/akhdD5RZ2QYsnyBx5 code: STEPHEN8
PrizePool Savings: links.getprizepool.com/Nq6wtv7Wvab code: MB13B (gives you 10% bonus on winnings; enter the code in the app when creating an account, on the page that asks for your date of birth)
Fluz: joinfluz.app.link/FLUZ77
Chase Checking account: accounts.chase.com/raf/share/355088785
Plastiq: try.plastiq.com/1048197
DCU (Digital Federal Credit Union): send me a message with your email address
E*TRADE brokerage: refer.etrade.net/etrade7
Webull brokerage app: act.webull.com/promotion/invitation/share.html?inviteCode=GtykbApaHMKm
Robinhood: share.robinhood.com/stepheg643
Firstrade brokerage (get a free stock): share.firstrade.com/StephenVKOZ
Juno Bank: bankonjuno.com/referral/STEPsLeD
Schwab Brokerage: schwab.com/public/schwab/nn/promo/refer-prospect.html?refrid=REFER3S78B or code: REFER3S78B
TurboTax Online 20% off: fbuy.io/qv59t76z
tastyworks brokerage: start.tastyworks.com/#/login?referralCode=ZHB8MT9VT4
Instacart: inst.ct/Y3BSZzgzb3FQ or code: IUSER54F18E
Uber: uber.com/invite/pezyj or code: pezyj
Uber Eats promo code ($7 off first order): eats-pezyj
Lyft: sg1234567
Square Cash (Cash App): cash.me/app/XXTBXJR (get $15 when you send $5 to someone)
Away (luggage): refer.awaytravel.com/v/away_11

Brinks prepaid mastercard & 5% savings account: brinksprepaidmastercard.com/get-a-prepaid-card/?aid=B_RAF_1&site_id=RAF_OAC_URL&uref=9079942135
ACE Elite prepaid card & 5% savings account: aceelitecard.com/get-a-prepaid-card/?aid=ACE_RAF_1&site_id=RAF_OAC_URL&uref=8304960094
Netspend prepaid card & 5% savings account: mynetspendcard.com?uref=1394182596

Personal Capital: share.personalcapital.com/x/XD87nM
TradingView: tradingview.com/chart?offer_id=10&aff_id=13733

Pei app: getpei.com/invite enter code: imkbip
Dosh app: link.dosh.cash/STEPHEG1 or code: STEPHEG1
Drop app: b.ewd.io/code?c=0us2i or code: 0us2i
Ibotta app: ibotta.com/az36ka or code: az36ka
Checkout 51 app: checkout51.app.link/OhdB48ik8Q
Fetch Rewards app: fetchrewards.com code: J5BCY (enter in app)
Shopkick app: getsk.co/cool014385 or code: COOL014385
ReceiptPal app: app.adjust.com/oqlq9t9?label=8RT7PR2
Grubhub: fbuy.me/kT5Mu
DoorDash: drd.sh/CFo8LW/
Freshly: send me a message and I'll give you a link
OhmConnect: ohm.co/ohmg1

BeFrugal: befrugal.com/referral/?ref=GASGOAF
Affinityy: affinityy.com/?ref=MTY2ODM=
TopCashBack: topcashback.com/ref/sgt7
Extrabux: extrabux.com/5cb27229d7
MrRebates: mrrebates.com?refid=484053
Rakuten / Ebates rakuten.com/717813?eeid=28187
Giving Assistant: givingassistant.org/?rid=QjGx2mHU9l
iConsumer: iconsumer.com/tkJgfiO or code: tkJgfiO
Swagbucks: swagbucks.com/refesg77
SimplyBestCoupons: simplybestcoupons.com/?refid=60199
rebatesme: rebatesme.com/refer?uid=134250
Fuel Rewards (Shell): fuelrewards.com/fuelrewards/welcome.html?RefId=e7908f3dce4d47f39bbd46ff4e38acb6
GoCashBack: www.gocashback.com/1860530 or code JBYYVF
Fold: use.foldapp.com/Cv9HMujj (buy gift cards and get bitcoin back)
Lolli: lolli.com/ref/PjzxLWQJNg (portal that pays bitcoin)
Goodshop (cashback portal): www.goodshop.com/invite/4505068 (gives you a bonus based on cashback that people you refer earn)
Groupon: groupon.com/visitor_referral/h/4d0155fb-db60-413e-87ac-4fc26ef7fe05
Zola (create a registry and buy $50 from it, get $50 credit): www.zola.com/invite/zola20200414031329708
AwardWallet: awardwallet.com/?refCode=3cdbq14qs7

Supercuts (we each get $5 off): supercutsrewards.com/short.php?code=1H1F
DraftKings: draftkings.com/sgdrk
Ace Rewards (Ace Hardware): acehardwareapp.page.link/Fc9u
Dropbox: db.tt/OQV2OLnKdR
Boxed: boxed.com/invite/6IG3R
simplehuman.com ($10 off $20): rwrd.io/hi6ci9l?c
Purple mattress: share.purple.com/x/pGCY9k
PlushBeds: refer.plushbeds.com/Stephen6

Gemini exchange: gemini.com/share/o24jdk
Coinbase: send me a message
Coinbase Earn (free EOS): coinbase.com/earn/eos/invite/pm1695kv
Coinbase Earn (free XLM): coinbase.com/earn/xlm/invite/vr821z4m
Voyager: go.onelink.me/4gTreferral?af_sub5=STESS7 or code: STESS7 (crypto broker; trade $100 and both people get $25 in BTC)
LVL exchange ($10 free bitcoin): lvl.co/qswwx6qb or invite code qswwx6qb
bitFlyer exchange (no bonus for you, gives me a small bonus): bitflyer.com/en-us?affi=n5sshohk
Binance.US exchange (for US residents): binance.us/?ref=35012844 or Referral ID: 35012844
ShapeShift: signup.shapeshift.com/?mwr=8589-e0bb8d9b
Bittrex exchange (no bonus for you, gives me 10% of your commissions): bittrex.com/Account/Register?referralCode=FYS-2DK-G23 or code FYS-2DK-G23
Paxful (trade bitcoin for discounted gift cards, etc): paxful.com/?r=VX5Ywx44LkA
Purse.io: purse.io/?_r=5MyAl0 (discounts at amazon if pay with bitcoin; referral bonus $5 if spend $100)
p2pb2b exchange: p2pb2b.io/referral/1a955c5a-7f08-43f5-8367-bfa524c4bd88
freebitcoin (faucet / dice game): freebitco.in/?r=9293862
TREZOR hardware wallets: shop.trezor.io/?offer_id=10&aff_id=1230
Ledger hardware wallets: ledger.com?r=4ef2e7aeee27

Or if you just want to send me a donation:
BTC: 3G4JZx3KgT7djgGk6KUbUn7cZ31BbtYf2r
LTC: LR6hgNSy2ZkS7PHtAm1xcJmPy6YyQJha7d
ETH: 0x6fb827db4969d762b62345168ef559CF8194680B
XMR: 48WwtRnERgMA3pHjDVp1PpZn1eDs4tYL2adghbBJ8zdp3MjoyMZtTXQ2dKAq465jVgJdQvDp5eShkbnCmfj8vJB1MqJmPRZ

Card-specific American Express links (also see universal Amex link above, if one of these doesn't work):
Personal Amex cards:
Amex Blue Cash Preferred
Amex Blue Cash Everyday
Amex Cash Magnet
Amex Everyday
Amex Everyday Preferred
Amex Gold
Amex Platinum
Amex Delta Gold SkyMiles
Amex Marriott Bonvoy Brilliant
Amex Green
Amex Delta Platinum SkyMiles
Amex Hilton Surpass
Amex Hilton Honors Aspire
Amex Hilton Honors
Amex Delta Blue SkyMiles
Amex Delta Reserve
Business Amex cards:
Amex Business Gold Rewards
Amex Business Platinum
Amex Blue Business Plus (BBP)
Amex Blue Business Cash
Amex Business Green Rewards
Amex Delta Platinum Business
Amex Delta Gold Business
Amex Delta Reserve Business
Amex Hilton Honors Business
Amex Plum
Amex Lowe's Business Rewards
Amex Marriott Bonvoy Business
Amex Amazon Business Prime (I no longer have this card open, but the link still shows a bonus for you)
submitted by sg77 to u/sg77 [link] [comments]

Beginners Guide To Using Binance (Buying ALTcoins)

Beginners Guide To Using Binance (Buying ALTcoins)

Hello, Today I am going to give you newcomers a walkthrough on how to setup and use Binance.
Lets Get Started...

STEP 1 - Preparing your Computer for Cryptocurrency Transactions

This is a step most people do not think about. I have been reading more and more about MalWare,Spyware and keyloggers that are specifically targeting Cryptocurrency transactions. If your computer is infected, you could easily lose your cryptos before you even get started. Do some virus scans, malware scans and make sure your antivirus is up to date. I can not stress this enough, make sure your computer is secure before you begin trading cryptos.

STEP 2 - Registration

Once you have a secure PC for setting up your account, you will want to go to https://binance.com Here is a SCREENSHOT of what you will see when you first go to the Binance Website.
Registering is simple. Enter the Email and Password you would like to use and hit register. You will receive an email with a verification link, once you verify your email, your account will be registered.

STEP 3 - 2FA (Two-Factor Authentication)

When you first login you should be greeted by this SCREEN. Depending on how secure you want your account to be, I highly suggest you enable Two-Factor Authentication. What 2FA does is creates a random 6 digit number that changes every 30 seconds. You will also need this code on top of your email and password to login. So if someone does somehow manage to steal your password, you will still be safe as long as they do not have your 2FA device. The only option available is by Google Authenticator which is available for both Android and iOS Smartphones.
Once your ready to begin click the Google Auth Button and it will bring up this SCREEN

STEP 4 - Making a deposit

STEP 5 - Trading

Before you buy your first coins you will want to grab yourself a few Binance Coins or BNB to pay for trading fees. In order to take advantage of the 0.05% trading fees you will need have some BNB. If your only doing small trades, I suggest just buying 1 or 2 BNB to get a feel of how much each trade costs. One of the main reasons to do this is because binance does not allow you to trade in small decimals, so if it ends up taking your fees from the coins your trying to buy, you will be left with untradeable dust. Say you buy 110 XRP and do not have any BNB to pay for the fees. Your fees will now be 1% of the total amount or 1.1 XRP. So you will have 108.9 XRP and will be unable to trade the 0.9 XRP back to Bitcoin or Ethereum. This 0.9 XRP is considered "Dust". Binance is apparently working on a solution to this. Buying BNB is easy. From the Exchange Screen find the BNB/BTC pair (if you deposited Bitcoin) and place a market order to buy some BNB. The method will be the exact same as shown below.
Once you have some Bitcoin or Ethereum loaded into your account your now ready to trade it for other coins. I'm assuming at this point you have done your research and know the coins you want to get into. In this example we are going to use a popular cryptocurrency called XRP or Ripple. Hit the "Exchange" Button on the top left of your screen and go to basic. It will bring up a screen with charts and a bunch of green and red numbers. HERES AN EXAMPLE
There are two types of orders you can make:
If you want to sell your ALTcoins back to Bitcoin or Ethereum then place a market sell order or limit order at the price you want to convert them back.

STEP 6 - Securing your new coins

Depending on if your strategy is too buy and hold, Once you buy your coins you will want to secure them by sending them to the individual wallet made for the coin you bought. In our case we just bought Ripple XRP. So you go back to your "Deposits and Withdrawals" under the "Funds" tab in binance and type in the search bar the coin you want to send out.
Make sure you have the right coin and hit the "Withdrawal" button. You will be brought to a screen where it wants you to enter your wallet address. Here is an example from the "Toast" website Your address would be the string of random letter and numbers above the barcode. Copy and Paste this into the address bad where I labeled "Your Address Here" USE THIS SCREENSHOT AS A REFERENCE Any withdrawal transaction will also be recorded under "History" under the "Funds" tab. Your coins should now show up in your toast wallet.
Be sure when you are researching a coin to buy to also do some research on what wallets are available and how secure they are. Although there are multi-currency wallets, typically you will have 1 wallet for each different coin.
submitted by Mcgillby to CryptoCurrency [link] [comments]

Binance Jersey: Everything You Need To Know

Sign-up for Binance Jersey Fiat Exchange
At this time, the digital currency exchange market is filled with a wide variety of choices, therefore choosing the right exchange or trading platform can be quite a headache for both novice and veteran cryptocurrency users.
Binance is a popular cryptocurrency exchange which was started in China but recently moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. While the company is still fairly new on the market ( it launched last year ), it has managed to gain a lot of popularity thanks to its impressive number of Initial Coin Offering listings, professional attitude and friendly CEO and also due to its low trading fees.
Binance Website
In our review, we will attempt to outline everything that you must know about Binance, including how it works, the crypto pairs that you can exchange, trading fees/limits, security aspects, and customer support.
Visit Binance »
How the Exchange Works Contents [Show]
Those who visit Binance for the first time will quickly notice that the platform offers two options for digital currency trading- basic and advanced. Neither the basic, nor the advanced versions are bound to be easy to use for complete beginners. However, anyone with a background in digital currencies and with a bit of knowledge into how exchanges work should be able to use the platform and its different services.
The main difference between the basic and the advanced version is that the advanced one offers more-in-depth technical analysis of digital currency value over time. At this time, the dashboard for the basic version offers several graphs and charts for the pairs that you’re trading, order books, and trade history.
3Commas This is what the basic view looks like :
Binance Trading View
The Basic view is nicely designed and well laid out, all the information you need is clearly presented with prices on the left, graphs in the center along with the buy and sell boxes and the trade history is presented on the right so you can quickly see what the latest trade prices were.
And this is what the advanced view looks like:
Advanced View
The advanced view uses a dark theme and makes the trading charts larger and the latest trade prices are displayed on the right with the buy sell boxes underneath.
Which you choose is a matter of preference really, I like the lighter colored basic view and find the layout a little easier to use.
Binance Signup & Login To use the exchange, users will first have to create an account. The process behind this is fairly simple and straight-forward and you don’t have to verify your account for level 1 which is a 2BTC daily withdrawal limit. For level 2 which allows up to 100BTC per day, you need to upload a photo ID and wait till you are approved. There are higher limits still, but you will need to contact them directly to arrange that.
Time for verification can vary depending on how busy the site support staff are, so make sure to plan ahead if you wish to withdraw larger amounts and make sure this step is complete before depositing and trading large sums on the exchange.
ID Verification
Now, that this is out of the way, users can go ahead and fund their Binance account. While you can choose from a multitude of digital currencies, it is recommended that you stick with either BTC or ETH.
To fund your account visit the “Funds” > “Deposits / Withdrawals” link at the top of the site and find the currency you wish to send, then click the “Deposit” button next to it which will then you give you the wallet address. You can then send your funds to this address to begin trading on the platform, depending on which currency you deposit it will take different times to show up as this is reliant on that currencies blockchain. Some currencies like Ethereum are faster than Bitcoin which can take a while.
Binance Wallets
Now that your account is funded, you can simply start trading, exchanging and investing in various digital currency pairs. Binance offers plenty of choices, as they support all major digital currencies, but also numerous ICO listings and their respective tokens.
At this time, the platform can only be used to generate limit and market orders. This has been considered a disadvantage by some, as many expected trading options that would be more advanced. Following the placement of your order, simply wait for it to be fulfilled according to the terms that have been set.
How to Trade on Binance Trading on Binance is fairly straight-forward if you have used any other cryptocurrency exchange before. To get started, make sure you have deposited some funds – there are options for trading pairs in BTC, ETH, BNB and USDT. Once you have your funds, at the top right menu, select “Exchange” > “Basic” or “Advanced” to load the trading screen. We will be using the Basic view.
Binance Trading View
On the right hand side, of the screen select a tab from BTC, ETH, BNB or USDT this is what you will be trading in. Then choose your desired currency from the list. You can also search here and you can create a favorites list by clicking the star next to any currencies.
Choose currency to buy
Once your desired currency has loaded, take note of the left-hand column which shows prices that people are willing to sell at in the top half in red and prices people are willing to buy at in green in the bottom half. The number in the middle shows the last sale price.
Buy and Sell Prices
Now to place a buy order, use the center box underneath the graphs and you will see the buy box is in green on the right. You can manually enter a price you wish to purchase at, but a better way is to click a number on the left-hand column. You can then enter the amount of the currency you wish to buy or click the 25%, 50%, 75% or 100% buttons which will fill it with an amount based on how much of the buying currency you have ( in this case BTC ).
Buy Order
Once your order is placed it will be show underneath in the “Open Orders” section until it is filled. At that point your new currency will be available under the “Deposits / Withdrawals” menu where you can withdraw it to the wallet of your choice.
Supported Crypto Currencies Binance has often been praised for its wide variety of support coins. Traders can use the platform for multiple digital currencies, including, but not limited to Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum, Ethereum Classic, EOS, Dash, LiteCoin, NEO, GAS, Zcash, Dash, Ripple and more. As mentioned before, Binance also supports numerous tokens, as part of ICO listings. With this in mind, traders can use the platform to trade these tokens for a profit as well.
Binance is currently very quick to add new coins and tokens after their ICO which usually means you can purchase them cheaply which allows for greater profit down the road.
They currently offer trading pairs in BTC, BNB, ETH and USDT.
Binance Markets
Binance ICO & BNB Coin Another thing to note is the Binance Coin, which was issued during their own ICO. The Binance coin can be used to pay fees and it will also feature in their future plans to create a Decentralized Exchange where it will form one of the key base currencies. Purchasing the Binance coin itself looks like a good investment for the future as the exchange plans to use their profits to buy back a portion of the coins every quarter and destroy them: hence decreasing the supply and making them more valuable for holders.
Every quarter, we will use 20% of our profits to buy back BNB and destroy them, until we buy 50% of all the BNB (100MM) back. All buy-back transactions will be announced on the blockchain. We eventually will destroy 100MM BNB, leaving 100MM BNB remaining.
Binance BNB Coin
If you’d like to read more about the BNB Coin, check out our indepth guide.
Binance Fees & Limits At the time of writing, Binance charges an average fee of 0.1% on each trade that a user makes. Those who choose to pay via the Binance token can get a 50% discount on the trading fee, which is absolutely great news. These are surely some of the lowest fees available at this time.
Withdrawal fees tend to vary for each digital currency. For instance, 0.0005 is charged for Bitcoin withdrawals, and 0.005 is charged for ETH withdrawals. Here are some examples to give you an idea of the fees you will be paying for withdrawals:
COIN CODE Fee Unit Binance Coin BNB 1 BNB Bitcoin BTC 0.001 BTC Ethereum ETH 0.01 ETH Litcoin LTC 0.01 LTC Neo NEO Free NEO Qtum QTUM 0.01 QTUM Status SNT 10 SNT Bancor BNT 1.2 BNT Eos EOS 0.7 EOS Bitcoin Cash BCC 0.0005 BCC Gas GAS Free GAS USDT USDT 50 USDT When it comes down to transfer limits, there is no limit on the number of coins that you can deposit. However, without getting verified, users are limited in terms of how much they can withdraw. Verification will establish you as a level two users, thus lifting these limits and providing a lot more freedom when using the platform. The verification process requires users to provide Binance with their full name, country, gender, a photo of passport/government-issued ID, and even a selfie with the passport.
Binance Competitions A unique feature of Binance you will notice is that they regularly hold competitions with some amazing prizes. Some examples of competitions in the past include Waves and Tron. The waves competition gave away 20,000 Waves to Traders based on how many trades they have made of this currency.
The other competition for Tron (TRX) gave participants the chance to win a Maserati car, Mercedes Benz car, a Macbook Pro or a iPhone X. Again, the winners were the people with the highest trading volume of this currency.
The current rankings show that the person in first place had over 358 BTC volume in trades so you will need to be a whale to be in with a chance of winning first prize. There are other regular competitions though, so keep an eye on the site for your chance to enter.
Is Binance Safe? While Binance is one of the newest cryptocurrency exchanges available on the market, it has quickly managed to attain a high level of trust from its users and the digital currency community. However, the exchange fails to provide users with enough information on how the funds are being secured, yet we like to believe that security is taken seriously. Two-factor authentication is available and is always a nice sight. It is however known that the platform offers a multi-tier and multi-tier system architecture.
Update: In March 2018 Binance suffered a hacking attempt.
The hackers tried to pull off an audacious move which was luckily caught by the automated systems in place at the exchange. For months the hackers had been accumulating people’s logins via a phishing website and secretly installing API access on the affected accounts. They then struck, converting all the victims altcoins to BTC and purchasing Viacoin, pumping the coin to a huge price and then selling their own supply of Viacoin at the high point, before trying to withdraw the BTC to their own wallets. Luckily no one lost funds as the hack was caught and the only people to lose out were the hackers, whose funds will be donated to charity.
As this hack was made possible by people entering their site logins and 2FA details into a fake website, you should always make sure you are on the correct Binance url before logging in. We recommend you bookmark the site and only use that to access it, never click links from emails, Twitter, Telegram etc.
This event has done a lot to instill confidence around Binance, not only did their automated processes catch the attempted hack before anyone lost any funds, they have since offered a $250,000 bounty to anyone who can help catch the hackers. Throughout this event, Binance acted exemplary and have been praised for their swift action in resolving this.
Binance Customer Support For an exchange to be successful, it requires a great customer support team, capable of answering all user questions and requests in a timely manner. While the support area on Binance could use a little work, the team is responsive and capable of offering professional aid to traders in need. Support tickets are submitted via an online form featured on the website, and responses are made via email. There is currently no live chat support, nor a phone number where customers can get in touch with the support team.
Binance Customer Support
Other than the CS team, Binance offers a couple of FAQs and articles meant to help users get accustomed to the exchange and the way it works.
Binance FAQs
It should be noted that customer support on Binance has been known to be slow to respond to customer requests. This is a familiar phenomenon with most of large exchanges and is due simply to the volume of users and amount of support staff. The exchanges have grown at an explosive rate this past year and the companies simply haven’t been able to keep up with demand. Binance grew fast especially, going from launch to the largest exchange on the planet in a few short months. Support staff for exchanges have to be carefully vetted and trained due to the technicalities and security requirements involved – unlike other traditional companies where staff can be trained quicker.
Some things to bare in mind are double-checking wallet addresses, make sure you are sending the correct cryptocurrency to it’s corresponding address on the site. Mixups with wallets are one of the biggest mistakes people make when using exchanges. Other things to note are, try a smaller test payment first if you plan to transfer large sums – it may cost you a little more in fees but will be worth it for peace of mind.
If you do need to contact support, make sure you provide them with enough information to be able to help you first time. Include wallet addresses, times of transactions and any other information you think they might need to help speed up the process.
The Move to Malta In March 2018, Japanese Newspaper Nikkei reported that Binance was trading in Japan and not following their official regulations. This caused some turbulence in the markets until Binance made an official announcement that they were going to be moving operations to the crypto-friendly island of Malta in Europe, stating :
After reviewing several different locations, the company decided to invest in the European nation due to its existing pro-blockchain legislation and the stability that it offers financial technology companies through its regulatory framework.
This is good news for the company and they even received a warm welcome from the Prime Minister of Malta on Twitter. Binance also announced that they were in talks with Maltese banks with the goal of providing Fiat transactions, meaning they can offer an on-ramp for fiat to crypto transactions in future along with fiat trading pairs on the exchange.
More good news for Binance, it seems as their profile and reputation within the industry continues to grow.
Launching a Decentralized Exchange More recent news for Binance and what seems like good news BNB holders is the fact that they are planning to launch their own Decentralized Exchange ( DEX ):
“After extensively researching decentralized exchange frameworks and analyzing existing implementations, we believe significant improvements can be made in providing Binance users with a level of trading experience to which they are already accustomed. Centralized and Decentralized exchanges will co-exist in the near future, complementing each other, while also having interdependence.”
The BNB digital asset, now an ERC-20 token, will migrate as the native token of that network and be used for paying the trading fees on the new exchange.
Launching a Decentralized Stock Exchange More good news recently for Binance is that they are partnering with Neufund to build the world’s first Decentralized Stock Exchange. Alongside the Malta Stock Exchange, they are aiming to create a regulated and decentralized, global stock exchange for listing and trading tokenized securities alongside crypto-assets.
According to CapLinked, the market cap of equity tokens alone is projected to reach $1 trillion by 2020 and thanks to the partnership with MSX, a subsidiary of the Malta Stock Exchange and Binance, Neufund will become the first end-to-end primary issuance platform for security tokens, in particular, equity tokens. It will secure ways for secondary trading of equity tokens and enable companies around the world to fundraise on Blockchain in a legal way while offering much-needed liquidity.
This is more positive news for Binance as they aim to consolidate their position as the world’s number one Crypto Exchange.
Binance Jersey Launch – Now Supports Fiat to Crypto As of 16th January 2019, Binance has announced the launch of a new Fiat to Crypto exchange named “Binance Jersey“. The trading platform is live and active and allows you to trade in fiat currencies such as euros and pound sterling, with Europe being their target market.
We have now carried out a full review of Binance Jersey, so take a look for more indepth details about the new platform.
Binance Jersey
Visit Binance Jersey »
At the time of writing they are only offering four trading pairs with more to follow soon:
BTC / EUR BTC / GBP ETH / EUR ETH / GBP Supported Jurisdictions: Argentina Eswatini (formerly Swaziland) Latvia Romania Armenia Finland Liechtenstein Singapore Australia France Lithuania Slovakia Austria Germany Luxembourg Slovenia Azerbaijan Gibraltar Macau South Africa Belgium Greece Malta South Korea Brazil Hong Kong Mauritius Spain Bulgaria Hungary Mexico Sweden Canada Iceland Monaco Switzerland Chile Ireland Netherlands Turkey Croatia Israel New Zealand United Arab Emirates (UAE) Cyprus Italy Norway United Kingdom (UK) Czech Republic Jamaica Peru Uruguay Denmark Japan Poland Estonia Jersey Portugal Customers who wish to trade in the support fiat currencies will need to carry our KYC procedures by uploading their ID documents such as passport and driving license.
Wei Zhou, Binance’s CFO released this statement about the launch :
“Expanding the cryptocurrency exchange markets with fiat currencies in the European region is opening new economic opportunities for Europeans as well as freedom from looming Brexit uncertainty where the pound and euro are also in concern. Through Binance Jersey, we want to help bridge the crypto-fiat channel for Europe and the U.K. as part of our global expansion to support broader cryptocurrency adoption”.
If you are familiar with trading on Binance, then you will feel at home on their new exchange – it uses the same engine and the trading screen is laid out in the same fashion with the option to choose between Basic and Advanced views:
Binance Jersey Trading Screen
To fund your account in fiat, you will first need to complete the KYC process, once that is done you can then deposit funds directly from your bank account by linking it from the Deposits screen. You can also fund your account with BTC or Ethereum. Once you have your account setup and bank account linked, you can also withdraw funds in fiat currency – this is great news as Binance is now able to offer a way for investors to cash out their cryptocurrencies.
We have upgraded our review scores below and we feel this is a huge improvement to Binance’s Exchange offering, if they manage to roll this out to even more countries ( USA is currently excluded) it could be a game changer as people now have an extra, regulated fiat on and off ramp for their holdings.
Buying Bitcoin with Australian Dollars On March 20, 2019, Binance announced the launch of Binance Lite Australia, the continent’s first fiat gateway to the world of cryptocurrencies which provides a secure, reliable, and easy to use way to buy Bitcoin with cash in Australia.
The cash-to-Bitcoin brokerage service operates via a network of over 1,000 newsagents across Australia, and currently allows anyone to buy Bitcoin using Australian Dollars (AUD), and there are plans to include additional digital currencies and fiat purchasing options in the future.
Users must first undergo account verification on Binance Lite, and after being successfully verified, users can place online orders and deposit cash at their nearest newsagent, in order to receive their pre-ordered Bitcoin.
The Binance Lite brokerage service is operated by InvestbyBit, an independently operated subsidiary of the Binance.com cryptocurrency exchange. The service aims to simplify the process of purchasing cryptocurrencies and make digital assets such as Bitcoin readily accessible across Australia.
Fees A 2.5% transaction fee (50% discount applied) plus GST on the transaction fee for each purchase is currently being charged as an introductory rate. Therefore, for a $50 order, the transaction fee will be $1.22 and the GST will be 10% of the transaction fee, which is $0.12. Limits The system is currently in its Beta phase, and the minimum purchase amount has been lowered to $30 with the maximum purchase amount capped at $1000. These limits may change over time and only multiples of $10 are being accepted, such as orders for $50, $60, $70 etc. Verification First time customers are required to go through a one-time Know Your Customer (KYC) document verification. When using the service, it’s necessary to follow the instruction prompts after the order page and go through the verification.
In order to complete the verification process, it’s necessary to submit 1 or 2 forms of government issued ID documents as a Passport, Driver’s Licence, or Medicare card, in addition to your residential address. Any returning customers, who have already completed KYC verification, will be sent to the order summary page directly after opening a new order.
Each account is linked to a mobile number, and users should ensure to use the mobile number provided when first completing the verification process. Anyone choosing to use a new mobile number will be required to complete the ID verification process once again.
Paying by Debit and Credit Card Binance allows users to make debit and credit card payments for cryptocurrencies via a partnership with Simplex. It’s possible to purchase Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and XRP tokens by Visa and MasterCard and the benefits of using a debit or credit card on Binance include:
Swift Transfers: Average 10-30 mins for cryptocurrency to reach your wallet Low Fees: only 3.5% per transaction or 10 USD, whichever is higher Convenient: Visa and MasterCard accepted In order to purchase the supported cryptocurrencies with a debit or credit card, users can first go through the official instructions page and then visit: https://www.binance.com/en/creditcard.
Binance Launchpad and Initial Coin Offerings (IEOs) Binance Launchpad is the exchange’s token launch platform that aims to connect blockchain projects with the greater cryptocurrency community and enable projects to raise funds while interacting with Binance’s significant user base. In December 2017, the BREAD and GIFTO projects were able to hold successful token sales on Binance Launchpad and projects such as BitTorrent and Fetch.AI have also held successful launches in 2019. The platform makes use of the exchange’s native BNB token and rewards users for holding the token as well as allowing it to be used to participate in token sales.
Read: What is an IEO?
How Token Offerings Work on Binance Launchpad The ability to part in token offerings continues to attract a significant amount of users to Binance and it’s necessary to go through a number of steps in order to get used to the Launchpad platform. Anyone interested in a project should first go to the Binance Launchpad website and click on the project page and thoroughly research any of the projects on offer. If not already done, it’s also necessary to complete your Binance account verification, as token sales are carried out in compliance with the regulatory requirements in supported user jurisdictions.
The Lottery System Binance Launchpad operates a lottery system which sees that the number of lottery tickets you can claim being dependant on the amount of BNB tokens you hold in your Binance account over a 20-day period leading up to the day of the lottery, with a maximum of up to 5 tickets per eligible account.
The 20 days leading up to the lottery draw date is represented by X below, and by example, 100 ≤ X < 200 means that your BNB balance over the entire 20-day period is kept at 100 BNB or more, but does not exceed or reach 200 BNB.
A snapshot at 0:00 AM (UTC) each day records each user’s BNB balance, and should your BNB balance drop below the minimum balance required on any given day during the 20-day period, they will be put into the lower threshold. For example, if User A holds 301 BNB for 19 of the 20 days but their balance drops to 299 BNB on one day. They will move to the lower threshold and only be eligible to claim 2 lottery tickets.
Before the actual lottery date, users are given a 24 hour period to select how many lottery tickets they wish to enter, with the maximum number based upon their BNB holdings over the previous 20 days. Here, if a user submits an entry of 5 tickets and 2 tickets end up winning, they are committed to pay for 2 ticket allocations (in BNB) for the tokens.
Each lottery ticket has a unique number with multiple lottery ticket holders, obtaining tickets with consecutive numbers. For example, when claiming 5 tickets, the tickets may be numbered 100010, 100011, 100012, 100013 and 100014.
Once the 24 hour period ends and all tickets have been fully issued, Binance begins to randomly select multi-digit numbers. These are matched against the tail digits of all issued tickets in order to determine the list of winners. The selection process continues until the maximum number of winners are matched, and the respective BNB is deducted from each winning user’s balance, as soon as they are deemed a winner.
Binance announces the maximum number of potential lottery ticket winners, and the allocation amount corresponding to each winning ticket in advance.
Conclusion Currently, the matching engine of the exchange is capable of processing approximately 1.4 million orders each second, hence making it one of the fastest exchanges available on the market. Additionally, the exchange works on all forms of devices, including web, Android, WeChat, and HTML5. Non-English speakers will be happy to know that Binance offers multiple-language support in Chinese, English, Korean and Japanese.
Based on everything that has been outlined so far, Binance is undoubtedly the leading Cryptocurrency Exchange and offers great fees and awesome digital currency support. As it reportedly has access to abundant resources and partners, chances are that Binance will continue to evolve and offer great digital currency exchange services to its clients. We are happy to recommend Binance and have added it to our list of the Best Cryptocurrency Exchanges.
Update, April 2019: We have continued to update this review since Binance was first launched ( we were one of the first to offer a review of the platform at the time ). And as time has progressed, time and time again Binance have proven to be one of the very best, if not the best, exchanges available. Their CEO Changpeng Zhao (CZ for short) has been part of the cryptocurrency community and shown high standards of integrity. Binance the exchange has continued to innovate, bringing new products to market and new options for purchasing and trading cryptocurrencies to all corners of the globe.

Read w/ Proper Formatting & Illustrations
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The OpenVisionZ Blog #11 Mr. Peter Panda the Bear Cat Gave Me Toxoplasmosis

The OpenVisionZ Blog #11 Mr. Peter Panda the Bear Cat Gave Me Taxoplasmosis

The OpenVisionZ Blog #11 Mr. Peter Panda the Bear Cat Gave Me Toxoplasmosis

his is just going to be a freestyle blog about the heroism resulting in the assisted rescue of Mr. Peter Panda Bear the Catsubsequently giving me Toxoplasmosis.

So I have a cat, the cats name is Mr. Peter Panda Bear the Cat he is a feral cat and has probably given me Toxoplasmosis. The Mr. Peter Panda Bear the Cat story starts with him being stuck about 60 feet up in a bulimic tree right outside of my window. Panda was crying like the little bitch, so I say that to give some audio perspective
Mr. Peter Panda Bear the Cat likes to sex up my feetsies and cuddle at night, the fucking my feet he probably derived from me, I like to give him a little tickle on the nuts once and a while and that usually gets him fired up, but not to digress I am going to explain why and what I did to adopt this little fucking bear cat and save him from the tree he was stuck in, and the reason why I think he has given me Toxoplasmosis and could be the first Professional Colombian Jiu-Jitsu Feline Champion of America
So the day starts off with smoking pot as usual, I started to hear a faint cat cry and then it got a bit louder, so I look out my window and what do you know there is a cat stuck in the tree next door and it's kinda wedged in a crux of the tree what I would would call the vagina of the tree branch, and this cat was crying like a little bitch, so I paid it no mind and carried on with my weed smoking and shut the window cause who gives a fuck that a cats in a tee they do that for birds and a panorama vista.
So a few hours went by and the crying was getting more annoying and more annoying and I decided to throw rocks at him...I'm kidding I didn't throw rocks, I threw feathers and cotton balls, I just went to sleep and figured he would be out of the tree in the morning. The next day comes and I wake up to this cat crying and meowing away and I figured he was probably doing that all night and I realized this little mother fucker was not only a bitch, he was a bitch stuck in a tree vagina who is too stupid to get down. 📷Cat Food Deals from Amazon📷📷I had no choice but to leave for work and I felt a little bad so I opened the window and yelled out "Hey you little bitch knock it off and get down from that bulimic vagina crux"
📷So the work day was over, I work nights, when I got home at 3:30 am I heard a faint meow and as I walked into my backyard the security light popped on and it made the little bitch panda start to meow louder and louder, I looked up into the tree and I looked at this cat who was stuck looking down at me meowing and I started to wonder how dumb was this animal?
So I said "you a lil bitch get your little bitch ass down here and meow like that to my face" and I went upstairs and went to sleep. So day 3 comes and this cat would not shut up all night, it was meowing like a maniac cat stuck in a tree all night. So I wake up light a joint and make a coffee and all I could hear was "meow meow mmmmeeeeowwwwww" it was getting very annoying, the fact that a cat was stuck in a tree was starting to become a bit sad. I opened my window and he was about 25-30 feet up from me, I live on the 3rd floor. So I look up and I see that he has birds tormenting him swooping down on him like little Japanese kamikaze planestrying to take out the enemy, it was like a scene from world war 2.
I started to feel bad because this little kitten of a cat being as much as a bitch as he was, was getting attacked by blue jays and has been stuck in a oak tree for the last 3 days and maybe more, no food no water and one day of rain and the weather was hot, and I know there must of been ants and insects biting him, he was probably getting all cramped up, he was just in a fucked up spot and stuck.
So as I watch these birds dive bomb this kitten I lit a joint, I started to yell out swing kitty swing at those bitch ass birds, swing and swipe, use your claws fuck those birds up, get one and eat it, I know your hungry get those little bitch birds with your claws, rip one out of the air, I wanted to see this cat snatch a bird out of the air like a scene from King Kong, but that didn't happen and the birds gave up, now this cat was just looking at me and he started to meow like a bitch, I felt bad because I knew he was hungry and probably scared, and by now I know that his parents can't help him, they were stray savage cats and were most likely scrounging dumpsters in the neighborhood somewhere or making cat sex in a dark ally or something.

Kitty Elevator

📷Kitty ElevatorI started to think of elaborate ways to get this cat out of the tree, I wanted to climb up and get him but I was not a monkey and it most likely would have ended with me falling and breaking most my body, then I thought maybe I could get a bucket and rope and throw it up in the tree and make like a little kitty elevator for him to climb into and get lowered down. That didn't go so well because he was dumb enough to get stuck in the tree which meant he was not smart enough to climb into a bucket and get lowered down. The problem was getting to be that he hasn't had food📷 or water in days, I was waiting for him to just fall out of the tree from exhaustion. I had to walk away because there was nothing I could do to get him down, I looked up at him and said "yo you little bitch you need to get out of that tree" he replied with "meow" and I went back inside my house and started to brain storm ideas and search online for animal rescue places.
I started to call every animal association possible the ASPCA, the local veterinarians, fire stations, PETA, everything I could think of that had anything to do with animals, and they all asked me if "I have ever seen a dead cat in a tree" and I said "no" and they said "he will get hungry and climb down sooner or later" but its been almost a week and he didn't look like he could make it down, the branch that he was stuck on was almost at a 90 degree angle, the way a cats claws📷 are shaped he would have had to back down and he was not smart enough to do that, so being a little kitten who's parents abandoned him to go have sex in dumpsters, he had no one to help him.
I was in a pickle so was this bitch of a bear cat. I had a eureka moment, I could call a tree company and maybe they could come climb the tree grab him and bring him down. I started to call local arborists and I got a hold of this guy "Peach Tree Paul" who said he would come and get him down for $100, and I agreed to the price. "Peach Tree Paul" the tree conqueror arrived with a toy mouse on a string and began to throw it up in the tree trying to get this cat to chase the toy mouse down the tree, the cat got frightened and went about another twenty feet up into the tree.

Toxoplasmosis Gives You Courage!

📷Panda Bear the Cat"Peach Tree Paul" said fuck it time to climb, he broke out the harness and ropes and his little pouch to put the cat in, I believe he called it his pussy pouch, he started to climb the tree but the cat got frightened and climbed to the bulimic part of the tree, this dumb bitch of a cat climbed to where the branches were weak and skinny, the part of the tree that threw up instead of bloom, which made the rescue even more heroic, if "Peach Tree Paul" couldn't rely on the branches to hold his weight, he could not hook the ropes up.
"Peach Tree Paul" was not going to sacrifice himself and risk falling, but long story short he climbed up grabbed the cat and stuffed him in the pussy pouch and threw the pouch down, just kidding, he climbed down with the pussy pouch and asked me what I wanted to do with this pouch of pussy cat, either let him go, eat him, or keep him? I decided to keep the little bitch of a cat and named him the infamous Mr. Peter Panda Bear the Cat.
📷Cat Food Deals from Amazon📷So now this is where the Toxoplasmosis comes in and where the fun of having a new pet gets scary because about a month after having this stray bear pretending to be a cat. I started to develop a twitch and a craving for soccer, I started to wonder if my car could reach a 100 miles a hour on the straight away near the play ground for underdeveloped Mexican kids, all of a sudden I discovered I was a incredible soccer player, and I just wanted to play soccer and ride a motorcycles at the same time while blind folded, I started to crave sex with anything, rocks, sandpaper, stereo receivers, weed bongs, I stuck my hand in a bee hive and commenced to slapping white woman with arm tattoos, I started to teach Mr. Peter Panda Bear the Cat some Columbian jiu-jitsu the kind they teach to under privileged children in Bogota and rolled with him on a bed of thumbtacks, I had cravings to swallow rusty razors and wash them down with orange soda, and the most dangerous casual activity I couldn't get enough of was, I wondered about how many attempts it would take to achieve a victory in a wrestling match with a homeless methed up black man. Every Friday morning me and my training partner Mr. Peter Panda Bear the Cat would head down to the 7/11 and do classic wrestling taunts at the loiterers lingering by the dumpster. The Toxoplasmosis does not impede me from having a great pet panda bear cat and if you can save a animal from any situation that is not ideal for it, then do it! Do what you can and save these furry fuckers from the cages the pounds and animal control police keep them in, these scummy people who claim to love animals and answer telephones for a living, do not give a shit about saving the animals they just like to act sympathetic towards them, and most importantly don't tickle a feral cats nuts unless you want it to commit sexual acts with your toes at night.
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Cryptocurrency Sites and Exchanges

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[uncensored-r/CryptoCurrency] Beginners Guide To Using Binance (Buying ALTcoins)

The following post by Mcgillby is being replicated because some comments within the post(but not the post itself) have been openly removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ CryptoCurrency/comments/7lwtse
The original post's content was as follows:

Beginners Guide To Using Binance (Buying ALTcoins)

Hello, Today I am going to give you newcomers a walkthrough on how to setup and use Binance.
  • First you may ask.. What is Binance??
    Binance is a Cryptocurrency Exchange that focuses on Crypto-to-Crypto Trading. Which means that unlike other exchanges that exchange "Fiat" or Traditional Currencies (USD,EUR,etc.) for Cryptocurrencies, you would instead exchange your Bitcoin or Ethereum for Lesser Known ALTcoins and Vice-versa. Binance is a quick and easy way to get into ALT coins if you already own some Cryptocurrencies, and don't worry, you don't have to keep your coins on the exchange, it allows you to send your individual ALT coins to your personal wallets and secure them.
Lets Get Started...

STEP 1 - Preparing your Computer for Cryptocurrency Transactions

This is a step most people do not think about. I have been reading more and more about MalWare,Spyware and keyloggers that are specifically targeting Cryptocurrency transactions. If your computer is infected, you could easily lose your cryptos before you even get started. Do some virus scans, malware scans and make sure your antivirus is up to date. I can not stress this enough, make sure your computer is secure before you begin trading cryptos.

STEP 2 - Registration

Once you have a secure PC for setting up your account, you will want to go to Binance.com. Here is a SCREENSHOT of what you will see when you first go to the Binance Website. Make sure when visiting the binance website you check the lock symbol in the address bar too make sure your at the correct URL and that the site is Secure. Registering is simple. Enter the Email and Password you would like to use and hit register. You will receive an email with a verification link, once you verify your email, your account will be registered.

STEP 3 - 2FA (Two-Factor Authentication)

When you first login you should be greeted by this SCREEN. Depending on how secure you want your account to be, I highly suggest you enable Two-Factor Authentication. What 2FA does is creates a random 6 digit number that changes every 30 seconds. You will also need this code on top of your email and password to login. So if someone does somehow manage to steal your password, you will still be safe as long as they do not have your 2FA device. The only option available is by Google Authenticator which is available for both Android and iOS Smartphones.
Once your ready to begin click the Google Auth Button and it will bring up this SCREEN
  • Download the Google Authenticator App on your smartphone/tablet. You will see a + symbol in the upper right corner of the screen. Choose the "Scan Barcode" option and scan the 2FA Backup Key. It should now list a 6-digit number and show binance.com and your email. This code will change every 30 seconds. Make sure you back up your 2FA code (secret key) and keep it for safe keeping. DO THIS BEFORE you enter your login password and 2FA code from the app in the right hand side of the screen. Once you have entered both your password and current 2FA code from the app, 2FA will be enabled. Once you have your account setup, secured, and you have backed up your 2FA barcode, your ready to make a deposit.

STEP 4 - Making a deposit

  • In order to start trading or buying ALTcoins you are going to have to fund your account. Hover your mouse over the "funds" tab and click on "Deposits and Withdrawals" Here's a screenshot
  • You are going to be met with a wall of different coins. Type in the search bar in the top left the coin you want to deposit. Binance uses two main pairs for trading. Bitcoin (BTC) or Ethereum (ETH). Lets use Bitcoin in this example since it is the most popular, although, at the moment it is quite expensive to send and receive.
  • Type "Bitcoin" into the search bar in the top left hand side of the Deposits and Withdrawals Screen and click on deposit. You will be now see a screen that has a Bitcoin Wallet Address. This is your Binance Bitcoin Wallet and is the address you want to send your bitcoins in order to trade them for other coins. You simply send your Bitcoins from your wallet to your Binance Bitcoin Wallet the same way you would make any other bitcoin transaction. You can check the transaction by going to "History" which is under the "Funds" tab, or by checking the wallet address on a Block Chain explorer. Once you get your first confirmation it will show up in the history tab and you will receive an email notifying you that your account has been funded.

STEP 5 - Trading

Before you buy your first coins you will want to grab yourself a few Binance Coins or BNB to pay for trading fees. In order to take advantage of the 0.05% trading fees you will need have some BNB. If your only doing small trades, I suggest just buying 1 or 2 BNB to get a feel of how much each trade costs. One of the main reasons to do this is because binance does not allow you to trade in small decimals, so if it ends up taking your fees from the coins your trying to buy, you will be left with untradeable dust. Say you buy 110 XRP and do not have any BNB to pay for the fees. Your fees will now be 1% of the total amount or 1.1 XRP. So you will have 108.9 XRP and will be unable to trade the 0.9 XRP back to Bitcoin or Ethereum. This 0.9 XRP is considered "Dust". Binance is apparently working on a solution to this. Buying BNB is easy. From the Exchange Screen find the BNB/BTC pair (if you deposited Bitcoin) and place a market order to buy some BNB. The method will be the exact same as shown below.
Once you have some Bitcoin or Ethereum loaded into your account your now ready to trade it for other coins. I'm assuming at this point you have done your research and know the coins you want to get into. In this example we are going to use a popular cryptocurrency called XRP or Ripple. Hit the "Exchange" Button on the top left of your screen and go to basic. It will bring up a screen with charts and a bunch of green and red numbers. HERES AN EXAMPLE
There are two types of orders you can make:
  • Market Order - A Market Order is simply buying it at the current "ASK" or market price. This is the simplest order as it doesn't involve any thinking. Just enter the amount of coins you want to buy and press the big green "BUY" button. Once the order goes through you will see the coins you bought in your available balance.
  • Limit Order - A Limit Order is where you can set your own BUY price. Say you think it will go down a bit before it goes up, so you set your limit order a bit lower then the current price in hopes of getting a discount. The prices you see on the chart shows the current price of the coin in relation to the Bitcoin (BTC). Be aware that it will only trigger and make the buy if it hits the price you set in your limit order.
If you want to sell your ALTcoins back to Bitcoin or Ethereum then place a market sell order or limit order at the price you want to convert them back.

STEP 6 - Securing your new coins

Depending on if your strategy is too buy and hold, Once you buy your coins you will want to secure them by sending them to the individual wallet made for the coin you bought. In our case we just bought Ripple XRP. So you go back to your "Deposits and Withdrawals" under the "Funds" tab in binance and type in the search bar the coin you want to send out.
Make sure you have the right coin and hit the "Withdrawal" button. You will be brought to a screen where it wants you to enter your wallet address. Here is an example from the "Toast" website Your address would be the string of random letter and numbers above the barcode. Copy and Paste this into the address bad where I labeled "Your Address Here" USE THIS SCREENSHOT AS A REFERENCE Any withdrawal transaction will also be recorded under "History" under the "Funds" tab. Your coins should now show up in your toast wallet.
Be sure when you are researching a coin to buy to also do some research on what wallets are available and how secure they are. Although there are multi-currency wallets, typically you will have 1 wallet for each different coin.
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Beginner’s Guide To Binance Exchange

As writing this article, Binance is the fastest growing exchange for trading cryptocurrencies. In the short duration of 5 months, it has reached the 10th position among the top volume cryptocurrency \ exchanges. Binance has become so popular due to some of the factors such as availability in multiple languages, very neat user interface, and it also enables processing the orders at an extremely high speed. Binance exchange is available only for trading cryptocurrencies, hence, it is not available for any FIAT wired deposits.
Why should I open a Binance Account? Binance is growing at a very fast rate, and if it will keep growing, it will soon become the biggest crypto exchange worldwide for trading altcoins. Many newly launch coins and tokens are getting listed on Binance as compared with the other major exchanges (Poloniex and Bittrex). If you have missed some of the ICOs, you can look for a some of them on Binance.
How do I open a Binance trading account?
Step 1: Go to Binance Website (Find the link at the end of this article) Click here to go to Binance, the link will open in new window so you can still follow this guide.
Bookmark this page, as there are many phishing sites which are exactly similar to the actual site. You should always examine the website URL and check for the Secure Certificate which will authenticate the original site.
Step 2: Complete the Sign-Up Process Click on the ‘Register’ button which is present in the right corner of the webpage and provide all the required information. For Password, follow the guidelines and make a strong password. Finally, retype your password and then click the ‘Register’ button. Check your email account inbox where you will get an email for confirmation of the new account.
Step 3: Enable 2-Factor Authentication (2FA) When you log in for the first time, a pop-up will show up and ask you to enable the 2FA which will help in increasing your account security. If you are new to 2FA, you’ll need to download Google Authenticator app and then scan the QR (or enter the secret key) in order to get a 1-minute changing code.
After completing these 3 steps, you are done with setting up your account.
Step 4: Deposit funds Go to “Deposit Withdrawals” under Funds menu item On the top right corner of the main menu, you will find the tab named as ‘Funds.’ Under that, select the ‘Deposit Withdrawals’ button, and it will open up the following deposit page:
Now select the coin you wish to deposit You will find the list of all traded coins on that page. Search for your coin which you want to deposit and then press the corresponding button named ‘deposit’ which is present on the same raw. Once pressing, a new dedicated wallet will be created (this is a wallet belongs to your account on Binance). The wallet address for each coin is different, make sure you do deposit only the specific coin to its wallet, otherwise it can result in complete loss of the funds.
Now, send your coins from your own wallet (or exchange) to the new generated address:
In this example we want to deposit Bitcoin. Under the field named as ‘BTC Deposit Address,’ the address generated is the one you will need to send Bitcoins to. This address will be used for transferring the coin from your wallet or from any other exchange to your Binance account.
View your history option: You can be able to see the history of deposits (and withdrawals) under the menu item ‘Funds’, and then ‘History’ on the list.
Step 5: Extracting a Buy or Sell transaction Select “Basic Exchange” under “Exchange” menu item. Now select desired pair from the right pane. Use the search field for faster navigation. In this example we want to trade our Bitcoin for Ethereum. We start by selecting ETH/BTC pair market, and then we’ll get the following:
The left pane displays the orderbook, whereas in the middle we see the last price. In the middle we can see the chart, and right under it we can Buy or Sell ETH for BTC.
In order to buy (Limit): Set the desired price, select amount (ETH units, or select percentage of your total Bitcoins). The total BTC (the cost) will then be calculated automatically. Selling ETH for BTC will be the same, but opposite.
If you want to buy at market price then select Market from the top menu. Stop limit is more advanced, and lets you set a stop loss or stop buy orders.
Click https://ask.almarketcap.com/out-binance to go to Binance, the link will open in new window so you can still follow this guide.
What is Binance Coin (BNB), and what is it used for? Binance has created its own crypto coin which is known as BNB. It is used as an optional method for paying the exchange’s fees which include the following: Trading fees – of buying or selling coins, listing fees and withdrawal fees.
When you are using BNB coins, you will get 50% discount for the first year of your account, 25% for the second year, 12.5% for the 3rd year and 6.25% for the 4th year of your account.
BNB tokens are also used for Binance Launchpad which is a way to invest in particular ICOs on Binance. These ICOs will get listed on Binance exchange past ICO.
Binance is planning to use 20% of its profit to buy back the BNB from the open market.
Open Your Account To Day: https://ask.almarketcap.com/out-binance
submitted by zaxf to BinanceCom [link] [comments]

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