Binance How to use Binance for buying and selling cryptocurrency

How to use Binance for buying and selling cryptocurrency

Binance is one of the top cryptocurrency exchange for selling and buying cryptocurrency. Changpeng Zhao is the founder of Binance, Binance was founded in China in 2017 but moved headquarters out of China. 

KYC(know your customer)

Most cryptocurrency exchanges like Binance will require KYC for withdrawing a certain amount of cryptocurrency. On Binance you can withdraw up to 2BTC. This post will cover how to use the spot markets feature on Binance for buying and selling cryptocurrency.

How to buy cryptocurrency on Binance

  1. Login or register on Binance.
  2. Click on Markets and make sure that you are on the spot markets tab.

      3. In the search box type, e.g BTC, a list of different BTC pairs will display.

    4.  Select ETH/BTC. You will see the limit or market tab. With a limit order you can set the price you will like to sell or buy crypto or, With a Market order, you can sell or buy crypto at the current market price. 

    5. Set any price and click the Buy ETH button. Congrats! you have just bought crypto using Binance sport markets.

How to sell cryptocurrency on Binance

  1. Login or register on Binance.
  2. Click on Markets and make sure that you are on the spot markets tab.

    3. In the search box type, e.g BTC, a list of different BTC pairs will display.

     4.  Select ETH/BTC. You will see the limit or market tab. 

      5. Set any price and click the Sell ETH button

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