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What is Binance?
Binance is one of the most prominent cryptocurrency exchanges on the market right now. It was created by Changpeng Zao in China in 2017.
Zao funded the launch of Binance by creating a very successful ICO that generated $15 million by allowing investors to purchase the native Binance Coin (BNB) tokens which are based on the Ethereum network.
The exchange has today been relocated to the blockchain haven of Malta and is turning over $1 million every day in trades. Not only is Binance the largest alt-coin exchange, but also one of the fastest growing.
Why use Binance?
As the number one cryptocurrency exchange for alt-coins, you can be sure to find a huge selection of these tokens on Binance. There are currently over 100 different tokens that can be traded on the exchange. This is a lot of different cryptocurrencies compared to Coinbase, which only lists four.
Binance also has some of the lowest fees in cryptocurrency trading. The exchange only charges 0.1% for each transaction. This fee is further cut in half if you trade using Binance Coin. Depositing money on Binance is free of charge, as opposed to other exchanges where traders are charged.
Traders on Binance will also be delighted to know that there is the opportunity to win prizes. These prizes include everything from new cryptocurrency tokens to cool cars like a Maserati.
The trading volume on an exchange determines how hard it is to buy and sell a given cryptocurrency token. Binance is able to process almost 1.5 million transactions per second, which is another reason why it is so popular.
Finally, Binance is also known for taking security very seriously. The exchange offers users two-factor authentication in order to protect their account and their assets. The Binance website is also protected by the industry-standard CryptoCurrency Security Standard (CCSS).
How do you open a Binance account?
In order to open a Binance account, you simply need to visit the website and register your email address. Once you’ve done this you’ll receive a confirmation email. Logging in for the first time prompts you to set up two-factor authentication with your mobile number.
https://www.youtube.com/watch?v=_GvBC3W7gh8
How do you deposit funds into your Binance account?
Unfortunately, Binance does not accept traditional payment methods such as bank transfers and payment cards. In fact, you can’t use fiat money at all.
The only way to deposit money into your Binance account is to do it with cryptocurrency. If you don’t already have any tokens, then you can buy them with fiat money from other exchanges.
To deposit fund, simply click on the Funds button, and the Deposits. Then click Select Deposits Coin, and type in the code for the cryptocurrency token you’d like to deposit (ie. ETH for Ethereum). This shows you the deposit address unique to that cryptocurrency.
Click Copy Address, then go to your wallet and transfer the tokens to the deposit address. The deposit will be made within 10 minutes and you can view it by clicking on Balance.
How do you trade on Binance?
In order to make your first trade, click on the Exchange button and then select Basic. Select the token you deposited from the Favorite screen, then search for the token you’d like to trade your deposited tokens for.
Once you’ve selected what you want to trade for and with, you will see the current market rates. Either select Market for trading at that rate or Limit to set a limit for when you want to make the trade. Finally, select the number of tokens you want to trade, and confirm the trade.
Good luck in the trading game, and keep an eye out for more cryptocurrency exchange guides on our site!
What is the HitBTC exchange?
Based in Hong Kong, HitBTC is one of the world’s top ten cryptocurrency exchanges, and offers some of the most diverse range of cryptocurrency tokens.
The exchange boasts of $500 million worth trades being conducted every day, and more users flock to the platform every day. The main features that attract traders to HitBTC is the intuitive and user-friendly interface, as well as the options for using more advanced features if you’re a seasoned trader. Having been around since 2013, HitBTC benefits from a lot of experience that newer exchanges perhaps lack.
How to sign up to HitBTC
In order to set up your account on HitBTC, you simply visit the official website, click on the ‘Register’ button, and fill in your email, username, and password. You’ll receive a confirmation email, and your account will be set up once you’ve clicked the link in that email.
How to deposit funds into your HitBTC account
As with some other cryptocurrency exchanges, it isn’t possible to deposit fiat money into your account. Instead, you will need to have cryptocurrency tokens in order to make a deposit.
If you don’t have any such tokens, you will be able to purchase them from other exchanges that do facilitate fiat money deposits.
With cryptocurrency tokens in hand (or wallet) you can click on the ‘Desposit’ button. You’ll then be presented with a column of different tokens, from which you select the relevant once and click ‘Fund’. This will provide you with a wallet address, which will consist of a QR code, as well as a alphanumeric code. The process only takes a short while and then your funds have been deposited.
How to trade on HitBTC
You will have two accounts on HitBTC your main account and your trading account. In order to move funds from your main account to your trading account, go to your ‘Accounts’ page and click the arrow pointing between your two accounts. Click ‘Transfer’ and select to the appropriate amount.
Once the money is ready to use, it’s time to head over to the ‘Exchange’ screen to view your trading options. The ‘Instruments’ section will provide you with a list of potential trading pairs. Once you’ve chosen a trading pair you can pick which kind of trading order you’d like to set up. Options include trading at the current market value or when the value hits a specific amount.
HitBTC OTC Trading
Over-the-counter trading is also possible on HitBTC. This allows you to conduct high volume trades without it being recorded on the public order book. You will need to trade volumes over 100,000 USDT, however.
How to withdraw funds from your HitBTC account
Go to the ‘Accounts’ tab and select ‘Withdraw’. You’ll be presented with a column of all your available cryptocurrencies, from which you can select the appropriate one as well as the amount you’d like to withdraw. Paste in the receiving address you wish to transfer the money to, and confirm with two-factor authentication. You’ll receive a confirmation mail notifying you of the withdrawal.
Good luck and happy trading!
The CoinAdvice conference 2019 edition will be in Pattaya Thailand between the 4th and 6th of March 2019. CoinAdvice organizes high-level professional business conferences with a focus on blockchain and cryptocurrency events. The 2019 CoinAdvice conference will be the largest blockchain gathering in the world.
Event Expectations
According to their website, the CoinAdvice Conference 2019 will have 25 influencers, 250 speakers, 10,000 attendees, 275 crypto advisors, 50 ICOs, 100 venture capitalists and investors, 175 media partners, spanning three days of unrivalled content sharing and networking. The speakers are industry leaders and business decision makers in their respective industry sectors.
The cryptocurrency advisors will be on hand to guide crypto startups on how to ICOs. However, the majority of the attendees will be cryptocurrency coin holders, and they can expect to learn more on trading, strategies, as well as get insight into the crypto market.
Longest Running Blockchain Conference
CoinAdvice Conference 2019 will be fully focused on the exploration of blockchain and cryptocurrency technology. It will be the longest running crypto and blockchain conference in the world. The conference will be held at the Pattaya Exhibition and Convention Hall, 353, Phra Tamnuk Road, Pattaya, Thailand 20150.
Regular attendees will get in for free with access to the main stage, exhibition area, conference sessions, coin owner booths, 12-month free CoinAdvice crypto news, and event merchandise. However, the VIP attendants who will pay $1000 for a special VIP pass will get priority registration, seating, access to all stages, conference sessions, business networking lounge, private coin owners lounge, lunch, dinner, and so much more.
Register today and be part of a fantastic network of blockchain and cryptocurrency enthusiasts and professionals.
Blockchain Summit London, U.K.
For the third year running, Blockchain Summit London will go down as one of Europe’s leading blockchain events.
The 2019 edition will be a two-day affair held at Olympia West, London. The event will bring together over 5000 attendees that will include tech innovators, business and industry leaders as well as decision makers, and investors. There will be over 80 countries represented at the summit, and it will be a perfect opportunity to network with blockchain enthusiasts and professionals.
Blockchain Focused Audience
Attendees can expect over 200 visionary speakers during the two-day summit where they will present case studies on how to integrate blockchain technology into various industries. The speakers will also speak about the blockchain opportunities and challenges they foresee in the future.
After the conference sessions, there will be roundtable discussions, workshops, and hosted networking sessions where participants will learn and connect with the purely blockchain focused audience. In line with the 2019 global blockchain summit series agenda, Blockchain Summit London will focus on four blockchain themes; enterprise, developer, government, and investor.
Opportunities and Challenges
The talks during Blockchain Summit London 2019 will include the opportunities and challenges faced in 18 industry sectors such as insurance, energy, music and entertainment, health, banking, transport and logistics, just to name a few. During the roundtable discussions and hosted networking sessions, attendees will be expected to deeply explore the options and come up with solutions to the problems facing blockchain adoption today.
Register today and join over 5000 blockchain professionals and enthusiasts in London for one of the leading blockchain events in Europe in 2019.