Cryptocurrencies are becoming increasingly popular these days. It is a type of digital money that only exists in electronic form. Bitcoin, which was created in 2008, is without a doubt the most well-known and oldest one. There are many more types of cryptocurrencies on the market today, each with its specific characteristics and values. It is important to mention that some are used as a common means of payment in the online world. However, which one is the best to go for, and what is an accurate exchange method? Keep on reading and find your answers down below.
Safe cryptocurrencies trading
Investing in and trading cryptocurrencies may be frightening at first. When we consider the frequent news of frauds, it begs the question of why it continues to draw people’s attention from all over the world?! Many of them have lost money in one way or another, and there are still people who make money by deceiving others. Despite this, some people still claim that trading has never been easier or safer than it is now. When it comes to trading, the most concerning problem is security. Whether you are a fervent supporter of those currencies who plans to trade frequently and continue to invest, or you are a complete novice, anonymity and privacy are the primary concerns of everyone. Finding an appropriate platform for trading is the best thing you can do to ensure everything runs properly. Even if this can be a challenging endeavor at times, there’s no need to be concerned because we’ve already discovered the most accurate crypto exchange to be used in 2021. Hereinafter, you will be introduced to Binance, a platform for secure and easy crypto exchange.
What is Binance?
Binance is the most popular exchange, offering the widest range of cryptocurrencies. You may buy them in fiat currencies ($, £, €), BTC, ETH, and BNB tokens. This platform is simple to use, secure, and has a pleasant user experience. Trading fees are lower with BNB (Binance token) than with other alternative pair currencies for BUY/SELL options. They provide a mobile app for Android and iOS that allows you to track prices and trade. Binance adds new cryptocurrencies every week, so you can find the majority of the top 100 coins/tokens there. Binance has become the world’s largest exchange in terms of trading volume since January 2018.
How to register and open your account?
Step 1: visit an official website. This page should be bookmarked because numerous websites look identical to the real site. Always check the website’s URL to ensure that it has a security certificate that will authenticate the original website.
Step 2: click the “Register” button in the right corner of the website and fill out all of the required fields. Follow the password guidelines and create a strong password. Finally, click the ‘Register’ button after entering your password. Check your email inbox for a verification, asking you to confirm your new account.
Step 3: when you first sign in, a pop-up window will appear requesting you to use two-factor authentication to help protect your account. If you’re new to two-factor authentication, you’ll need to download the Google Authenticator app and scan the QR code (or enter the secret key) to acquire the one-minute change code.
Step 4: a deposit fund. A tab labeled “Funds” can be found in the top right corner of the main menu. In this scenario, click the “Make a Payment” button, which will take you to the payment page. Then, choose the cryptocurrency you want to deposit. Look for the money you wish to save, then press the button on the same raw material called “deposit.” A new dedicated wallet will be generated after pressing the button (this is the wallet of your Binance account). Because each coin’s wallet address is distinct, make sure you only keep specified amounts of money in your wallet; otherwise, you risk losing all of your money.
Step 5: exchange. In the “Exchange” section, choose “Basic Exchange.” Choose the desired pair from the right column. Select “Market” from the menu above if you wish to buy at the current market price. The stop limit is a more advanced option that lets you establish a stop loss or a stop buy order. Voila, you’re good to go now!
What advantages can you enjoy?
It’s no coincidence that Binance has grown to become the largest cryptocurrency exchange platform. Changpeng Zhao, a developer who had previously designed software for high-frequency trading, launched the company. Binance and other trading platforms have become important tools in the digital financial business. Crypto exchange platforms can give the required tools as a starting point for buying or trading cryptocurrencies. Binance has remained competitive in the market by providing clients with cutting-edge technology and crucial products. Besides, users may obtain answers to their inquiries and resolve any issues at any time with 24/7 technical assistance. Binance is extremely user-friendly, giving it a significant advantage over other cryptocurrency exchanges. There is a desktop version of the platform as well as a mobile version for Android and iOS.
Want to become a part of the crypto trading community?
If you wish to become a part of the trading community, it seems like we have just found the right place for you. With bitprofit.software you will get an insight into trading principles, as well as pieces of advice on what you should pay attention to if you’re new in this business. As it has been already mentioned, trading cryptocurrencies may have some risks, but there, all of those potential risks are elaborated in the details, so that you know what to expect once you decide to go into this business. The app monitors daily tradings, and if there is a potential one for you, they’ll let you know right away. All you need to do is to sign up within a few simple steps. Since trading software works with algorithms, it can safely adapt to any changes in Bitcoin’s market or your trading strategy. You may use BitProfit if you’re a beginner, intermediate, or advanced trader.