Binance anyone?

anyone trading in binance?

Please share your tips on how to trade on binance.

No idea about this trading instrument! Is this any exotic pair or commodities?

If you wish to trade with Binance you need to keep several things in mind: the company is based in China, which means there may be issues with regulation, it’s very new and it does not accept fiat currencies. (https://www.forexbrokerz.com/brokers/binance-review) That means you already need to own cryptocurrencies to trade there.

Arcforex posted:
anyone trading in binance?

Please share your tips on how to trade on binance.

Binance is only a crypto to crypto exchange. They do not support fiat currencies.
Do you want to trade just cryptocurrencies? or fiat too?

never heard of Binance before. The whole Chinese thing is a red flag for me. I need more regulation

Yes, Binance is a crypto currency exchange. Probably, they are going to add fiat deposits and fiat to crypto trading in coming months.

Though I don't have much money there in that exchange, but based on my experience and research it seems to be a relatively reliable exchange as compared to other crypto exchanges considering various aspects like security, first deposit and withdrawal times etc.

NOTE: But don't just go by my words. Make sure to do your own research properly before adding any money to any exchange especially into a new and emerging market like cryptocurrencies.

leo23 posted:
Yes, Binance is a crypto currency exchange. Probably, they are going to add fiat deposits and fiat to crypto trading in coming months.

Though I don't have much money there in that exchange, but based on my experience and research it seems to be a relatively reliable exchange as compared to other crypto exchanges considering various aspects like security, first deposit and withdrawal times etc.

NOTE: But don't just go by my words. Make sure to do your own research properly before adding any money to any exchange especially into a new and emerging market like cryptocurrencies.

Thanks leo; for adding informative words. Now I am going to check their features & facilities.

leo23 posted:
Yes, Binance is a crypto currency exchange. Probably, they are going to add fiat deposits and fiat to crypto trading in coming months.

Though I don't have much money there in that exchange, but based on my experience and research it seems to be a relatively reliable exchange as compared to other crypto exchanges considering various aspects like security, first deposit and withdrawal times etc.

NOTE: But don't just go by my words. Make sure to do your own research properly before adding any money to any exchange especially into a new and emerging market like cryptocurrencies.

But till now I think; Forex brokers are much better option than the crypto exchanges! Since, Forex brokers are regulated.

Recently; I am holding few Altcoin’s in binance with a long term view! As I see; AltCoins are not available on Forex brokers chart.

AniLorak posted:

leo23 posted:
Yes, Binance is a crypto currency exchange. Probably, they are going to add fiat deposits and fiat to crypto trading in coming months.

Though I don't have much money there in that exchange, but based on my experience and research it seems to be a relatively reliable exchange as compared to other crypto exchanges considering various aspects like security, first deposit and withdrawal times etc.

NOTE: But don't just go by my words. Make sure to do your own research properly before adding any money to any exchange especially into a new and emerging market like cryptocurrencies.

But till now I think; Forex brokers are much better option than the crypto exchanges! Since, Forex brokers are regulated.

Agreed, it is much safer - and not nearly as risky, plus can make money on either direction... crypto cfd's through a regulated forex broker is best way to go. Here are a list on forex brokers offering cryptocurrency cfd's - https://www.forexchurch.com/cryptocurrency-forex-brokers

Binance is one of my favourites exchanges
Moreover its own coin BNB is doing great

Fully agree with you, it is more difficult to learn trading on crypto-exchanges than trading cryptocurrencies with a CFD broker (like any of these https://www.thatsucks.com/crypto-brokers/). If you would like to trade Bitcoin or Ethereum or any other of the major cryptocurrencies I will recommend doing it through a CFD broker, where you can use platforms like metatrader, which we all know. For me it was very difficult to learn Binance and especially Bittrex that's why unless you want to trade one of the small and not so popular crypto-assets than better don't go for these platforms.

I recently opened an account in this exchange and keep counting few cents of BTC! It’s the number one crypto exchange!

AniLorak posted:
I recently opened an account in this exchange and keep counting few cents of BTC! It’s the number one crypto exchange!

Are you investing on BTC or trading in there? As I see, nowadays a number of Forex brokers are offering crypto pairs too!

Adribaasmet posted:

AniLorak posted:
I recently opened an account in this exchange and keep counting few cents of BTC! It’s the number one crypto exchange!

Are you investing on BTC or trading in there? As I see, nowadays a number of Forex brokers are offering crypto pairs too!

No; even I sold that amount; it was a tiny little amount; just for testing!

I don’t even want to play the binary ... This is worse than a casino and can be drained faster money ... Why do I think so? Because I have a sad experience.

KaneRenny posted:
I don’t even want to play the binary ... This is worse than a casino and can be drained faster money ... Why do I think so? Because I have a sad experience..

Hello, it’s not an option trading broker; binance is a top loading crypto currency exchange!

Binance is excellent. I am more than 3 years with them and the exchange was faultless.Hope they keep the level up. Highly recommended.

tacet posted:
Binance is excellent. I am more than 3 years with them and the exchange was faultless.Hope they keep the level up. Highly recommended.

Are you a crypto trader or investor on crypto industry?