Can you explain the process of buying and selling on Binance?

HOLA

Active member
hello,here's a brief overview of the process of buying and selling cryptocurrencies on Binance:
Buying cryptocurrencies on Binance:
  1. Sign up for a Binance account and complete the necessary verification process.
  2. Deposit funds into your Binance account using one of the supported payment methods.
  3. Navigate to the "Markets" page and select the cryptocurrency that you want to buy.
  4. Choose the trading pair that you want to use (e.g. BTC/USDT, ETH/BUSD, etc.).
  5. Enter the amount of the cryptocurrency that you want to buy and review the transaction details.
  6. Confirm the transaction and wait for the order to be filled.
Selling cryptocurrencies on Binance:
  1. Navigate to the "Markets" page and select the cryptocurrency that you want to sell.
  2. Choose the trading pair that you want to use.
  3. Enter the amount of the cryptocurrency that you want to sell and review the transaction details.
  4. Confirm the transaction and wait for the order to be filled.
Fees: Binance charges a fee of 0.1% for each trade on the platform. This fee is deducted from the cryptocurrency that is being traded. For example, if you are buying Bitcoin with USDT, you will pay 0.1% of the total amount of Bitcoin being purchased as a fee. There may also be additional fees for depositing and withdrawing funds from your Binance account, depending on the payment method that you use. These fees can vary depending on the currency and payment method used. It's important to review Binance's fee schedule for a full understanding of the fees involved in using the platform.
 
Top