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Binance – Today’s article I Love Bitcoin will guide you to use the latest A-Z complete Binance exchange. After this article you will know how to register to create an account, login, security, verify (verify) account, how to buy Bitcoin, Ethereum, USDT loaded into Binance, how to buy and sell (trade coin) on Binance , how to use stop limit binance, how to withdraw money from Binance to Reimitano or Vietnam exchange to sell VND, in addition, information on transaction fees as well as reviews on Binance exchange. Start…
What is Binance?
Binance is a leading Bitcoin and cryptocurrency exchange in the world, always in the top 3 exchanges with the largest trading volume globally. Binance Exchange was founded by Changpeng Zhao in Shanghai, China in 2017, within just 1 year, but Binance has surpassed major exchanges such as Bittrex, Poloniex,..to rise to #1 and CEO Changpeng Zhao also reached the top of the world’s fastest-growing dollar billionaire.
Why should you use Binance exchange?
- High liquidity: Trading volume on Binance is extremely large, you can buy and sell large amount of coins at any time.
- Cheap transaction fees: Binance exchange charges a very cheap transaction fee (fee) of only 0.1%, much lower than other exchanges, Especially: When you use Binance coin (BNB) for transaction fee reduced to only 0.075%.
- Super fast transaction speed: If you have traded on Binance, you can see that the transaction processing speed is extremely fast, just press “BUY” / “SELL” to almost match the order. Binance can process 1.4 million orders per second.
- Support multiple coins: Binance currently supports a lot of coins and tokens, you are free to choose the coin you like to trade.
- Safe and secure: Binance has both a team and a high-class security processing system, with state-of-the-art security technology, you can rest assured when keeping money on Binance wallet. I’ve been using it for over a year with no problems.
- Issue private exchange Coins: It is Binance Coin (BNB), when you use it, you will receive a reduced fee as I mentioned above, and BNB coin is also a coin worth investing in.
- There is a trading app on Mobile: You can trade coins with Binance exchange on your phone, the Binance app has both IOS and Android versions.
- Intuitive interface: Binance has a very good looking interface and is especially easy to use for newbies
- Support multiple languages: Binance supports many languages including Vietnamese
- Good support team: Binance exchange is quite large, they have many headquarters in many countries around the world and each country has its own support team, including Vietnam.
How are trading fees on Binance exchange calculated?
Similar to other exchanges, Binance will have 3 types of fees as follows:
- Trade fee: 0.1% (There is a way to reduce it further, I will talk below)
- Recharge fee: Free
- Withdrawal fee: Depending on the coin, the fee will be different (Details see below)
1. Buy/sell (trade) fees on Binance
Default Trading fee on Binance exchange will be 0.1%, but you can lower this fee in 2 ways:
Way 1: Use Binance Coin (BNB) to trade, ie instead of using Bitcoin, Ethereum or USDT, you use BNB coin, the fee will be reduced year by year:
| Year | First year | Second year | Three years | Year 4 | Year 5 |
| Reduction rate | 50% | 25% | 12.5% | 6.75% | No reduction |
Currently is 2nd year so if you use BNB to trade it will be reduced 25% Please.
Way 2: Upgrade to VIP, Binance has a new policy of reducing transaction fees based on your 24-hour trading volume, specifically as follows:
Level “General” is the base rate, the fee is still 0.1% (without using BNB) when using BNB it will be 0.075% like the last two columns you see above. Fees will decrease gradually when you upgrade to VIP from 1 to 8. For example, to become VIP 1 you have to trade ≥ 100 BTC and ≥ 50BNB. A little explanation about Maker and Taker.
- Maker is the one who makes the order, whether to buy or sell
- Taker is a buy/sell order matcher, i.e. the person who buys/sells based on the maker’s order (Maker)
2. Deposit/withdrawal fee on Binance
- Deposit fee to Binance exchange then I said above is Free no matter what coin you top up
- Withdrawal fee from Binance will be calculated based on each different coin, specifically calculated as follows:
You can see more withdrawal fees for other coins and all fees on Binance exchange dịch here (must be logged in to Binance to view).
Binance exchange hacked, crashed, error, scam (Scam)?
Job Binance exchange hacked or any exchange is attacked is quite normal, the problem here is how to be hacked, whether users are damaged or not and how they handle it? This is a problem that many people worry about when using the floor. Since debut Binance have been attacked 2-3 times, but according to my monitoring, no users have been damaged and they are all handled very quickly without affecting investors.
As for the occasional error, for example, can’t log in, can’t place orders, can’t withdraw money, .. most exchanges have had it, with Binance is no exception, but usually within 24 hours they are. finished processing.
I see quite a few people on the Crypto community saying Binance is a scam??? WTF??? Binance has never had any scams, I think this is because they withdraw or deposit while Binance exchange is faulty and lead to failure to execute successfully, then did not contact the support of the exchange and said “Binance scam” always :). For me, Binance is the best exchange I’ve ever used, you can rest assured when trading and storing coins on Binance’s wallet.
See more information about Binance exchange
Instructions on how to use the complete Binance exchange from A – Z
1. Instructions for creating an account on the Binance exchange
Step 1: To create a Binance account just click here https://goo.gl/dY7u4r then select “Registration” on the corner of the screen, if your language is English, you can choose right next to it to change it to Vietnamese make it easy to use.
Step 2: Enter the registration information: Email, password (2 lines), tick “I agree…“, then select “Registration“.
Step 3: Binance will ask you to confirm that you are not a robot, click and hold the button >.< then drag to the right so that the puzzle above fits into the empty space. You may have to do it a few times, just do it when you can. After that every time Login to Binance you will all have to do.
Binance Exchange requires you to activate the registered Email, if you do not receive the Email, then click on “Resend email“to get it back.
Step 4: You go to Email and click on “Verify Email” to activate your account.
Step 6: So you have successfully registered an account on Binance, now you can login to Binance by clicking on “Login to Binance“.
Step 7: Enter Email and Password then click “Login to Binance“.
Step 8: After logging in, Binance will give a few warnings when using Binance, you tick all and then select “I understand, continue“.
Ok, that’s it, the steps are done Register and login to Binance exchange, now I will show you how to secure your account.
2. Instructions on how to enable 2FA security for Binance exchange accounts
Job account security when using any virtual currency exchange Which is very important, it helps you keep your money safe on the exchange from being hacked, Binance provides a very good 2-layer (2FA) security feature, to enable 2FA you do the following:
Step 1: After you login, Binance will display a message asking you to enable 2FA security if you have not enabled it, click on “Google Authenticator“.
Step 2: First you need to download the app Google Authenticator to your phone, the download link is below, then click “Next Step“.
Step 3: You turn on the Google Authenticator app to scan the barcode and then get the 2FA code, you can see How to use Google Authenticator to know how.
Step 4: Save the code Backup Key As I circled in red below, this is the code to fail to get 2FA back in case you lose your phone or accidentally delete the 2FA code, you can send a ticket to our support. Binance exchange accompanied by this code will re-enable 2FA. Write it down somewhere and save it, then press “Next Step” to go to the next step.
Step 5: Input password and below is 2FA code, then press “Enable Google Authenticator“.
That’s it, you go back to your account and you will see that Google Authenticator is enabled, you can also turn it off by clicking on “Disable” and then enter the 2FA code. In addition, you can increase the security of your account through confirm phone number above, but for me, I don’t think it’s necessary, if you want, click on “Activatedand then follow the instructions.
3. Instructions on how to verify (verify) your Binance account
Job Binance account verification (verify) helps you to increase your daily withdrawal limit 100 BTC, normal without verification the maximum withdrawal amount of the day is 2BTC, but even if you don’t need to withdraw much, I still recommend account verification so that in case something goes wrong, it will be okay Binance exchange better support. To verify your account, do the following:
Before verifying you need to prepare yourself the following 3 snapshots:
- Photo of the front of ID card or Passport Hộ
- Photo of the back of ID card or Passport
- Selfie with your face and holding ID/Passport + a blank sheet of paper with the word “Binance and current day/month/year” written on it. See sample below
Step 1: Also in your “Account” section, you will see the account status as “unverified“, now you click on “Submit verification documents“place Lv.2.
Step 2: Choose “Personal“, ie personal account, and below is for business.
Step 3: Enter the following information: (You must write the same as in your ID card or passport)
- JumioFirstName: Name of…
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