Binance(English)

Exchange「Binance」 Commentary on beginners from the method of opening accounts to the method of buying and selling virtual currencies

Binance
neokichi

Hello, here we will show you how to open an account at exchanges Binance to how to buy and sell virtual currencies.

myako

Thank you

Benefits of Binance

neokichi

Binance is a virtual currency exchange launched in Hong Kong in July 2017. In about 6 months from the establishment, the transaction volume of one day has reached the world first place! The number of users is exceeding 6 million people now It is a rapidly growing exchange.

myako

Trading volume First place in the world! That’s amazing! There must be a reason for that. What services and features are there?

neokichi

First, I will introduce the company’s outline

Binance staff official site of Binance.
company name Binance
Date of establishment July 2017
Base Hong Kong(China)
CEO ChangPeng Zhao
number of employees 110 people

There are over 105 kinds of virtual currency types and plentiful

neokichi

Binance has abundant kinds of virtual currencies handled and handles over 105 types

Type of virtual currency handling
myako

I have dealings like this ♪ If there is only this, it seems to find the virtual currency of the bargain.

Virtual currency list (as of January 2, 2018)
ADA・TRX・MANA・CND・FUN・POE・XLM・BNB・IOTA・BTC・BCC・BTM・USDT・HCC・HSR・OAX・DNT・MCO・ICN・ZRX・OMG・WTC・LRC・LLT・YOYO・TRIG・STRAT・SNGLS・BQX・KNC・SNM・NEO・LINK・XVG・CTR・SALT・MDA・ETH・SUB・ETC・MTL・MTH・ENG・AST・DASH・BTG・EVX・REQ・VIB・POWR・ARK・XRP・LTC・ENJ・STORJ・VEN・KMD・RCN・NULS・RDN・XMR・DLT・AMB・BAT・ZEC・BCPT・ARN・GVT・CDT・GXS・QTUM・QSP・BTS・LSK・XZC・TNT・FUEL・EOS・BCD・DGD・ADX・SNT・PPT・CMT・BNT・GAS・LEND・WABI・SBTC・BCX・WAVES・TNB・GTO・ICX・OST・ELF・AION・BRD・ETF・NEBL・LUN・EDO・NAV・WINGS・MOD

Transaction fee is cheap

neokichi

As one of the points I recommend Binance, the transaction fee is very cheap

myako

How cheap is it?

neokichi

I compared the fees of overseas exchanges.

Exchanges Transaction fee
bittrex 0.25%
Poloniex 0.15%〜0.25%
Binance 0.1%
myako

Great ♪ Binance’s transaction fee is cheap at only 0.1% ♡

neokichi

Actually there is a way to make it even cheaper and using that method the transaction fee is only 0.05% ♪

myako

0.05%! Great ♪ How can I trade at 0.05%?

neokichi

It is to use the unique coin BNB (Binance Coin) issued by Binance.

When buying and selling at BNB fee is 0.05%
myako

To a person with a lot of transactions, the commission of 0.05% is very attractive ♡

neokichi

Furthermore, as more users use BNB for more in the future, the more users there are, the more people who hold BNB as investment targets.

myako

There is also such a merit ♪ Will I also buy as an investment target?

neokichi

Of course, however, since the value may go down, invest in self-responsibility.

myako

Okay. I will consider whether to buy it as an investment target.

Decide the listing virtual currency by voting

neokichi

Binance has a mechanism that you can vote for the virtual currency you want to handle. If there are a lot of votes there, there is a high possibility of dealing with Binance.

You can vote for virtual currency
myako

It is an interesting mechanism to vote for virtual currency

There is a possibility of getting a coin derived from BTC Hard Fork

neokichi

In Binance, the possibility of giving coins derived when BTC (Bitcoin) gets Hard Fork is very high.

myako

What is Hard Fork?

neokichi

Actually, Bitcoin are causing problems such as clogging or slowing of remittances due to the fact that trading volume is increasing very much. In order to solve the clogged remittance, we are developing a new mechanism that increases the processing capacity at one time, for example. However, as it is impossible to reflect the new mechanism in the Bitcoin as it is, it means that the Bitcoin is divided into two as a result.

myako

I understand. . . What does it mean to get derived coins?

neokichi

When the Bitcoin splits the value is divided. So, thoese who have the Bitcoin wiould get a split coin.

myako

If you have a Bitcoin you can get a split coin ♪

neokichi

Actually in Binance, BitcoinGold on October 24th and BitcoinDiamond on November 24 were granted for free to those who have Bitcoin ♪

Binance’s response to Chinese ICO regulation

neokichi

In China, there was an announcement to regulate ICO deals and transactions in September 2017, and due to the effect, multiple exchanges in China stopped.

myako

Binance was okay?

neokichi

Binance is fine as it has tightly taken countermeasures against that regulation. First, they deleted ICO coins that are likely to be regulated by the Chinese government from the exchange. And they restricted transactions from China domains by IP address.

myako

Binance have taken proper measures.

neokichi

Binance is looking at the world rather than being a user in China and is trying to expand the service for overseas users.

myako

It is cool that Binance look to the world.

Binance’s account opening

neokichi

Let’s access the official site of Binance.

Binance TOPofficial site of Binance.
neokichi

After accessing the official site, click “Create account” to proceed.

Create Account
neokichi

Since it becomes the registration screen, please enter a mail address and a password, check the terms of service and click on registration.

Mail and password
neokichi

When you click Register, the slider will come out, so let’s drag and fit the puzzle.

puzzle
neokichi

If you can fit the puzzle, it will be the screen of email verification, so let’s check the inbox of the registered email address. If you have not received it, check to see if it is in spam mail.

Email Verification
neokichi

Let’s check the inbox of registered mail.
Since the mail has arrived, please click “Verify Email” in the mail body.

inbox of registered mail.
neokichi

Make sure your account is activated and try logging in again.

login

 

neokichi

The opening of the account is now complete. Next, let’s do 2 step authentication setting for security reinforcement.

2 step verification setting(2FA)

neokichi

After logging in to Binance you will see a pop-up saying “Please do 2 step verification”, so let’s set it from there. Click “Google Validation” on the left.

2FA
neokichi

In order to set up 2 step verification, you need an application called “Google Authenticatr”, so install.

download
neokichi

Launch the “Google Authenticatr” application on the smartphone and read the displayed QR code.

QR code
neokichi

If you can read the QR code, you will see a confirmation code exclusively for Binance like the image below. This code is a one – time password, and it is a high – security password that changes more and more after 30 seconds.

myako

Security is safe.

smartphone
neokichi

Please save this Key on paper. This Key will allow you to recover your Google Authentication in case you lost your phone

Resetting your Google Authentication requires opening a support ticket and takes at least 7 days to process.

key

 

neokichi

Please enter key and password displayed in STEP 3 and “2FA Code” displayed in the application and proceed

key
neokichi

This is the completion of 2 step verification setting

official site of Binance.

Increase the maximum withdrawal limit per day by submitting identification documents

neokichi

If you submit your identity confirmation documents, the maximum amount you can withdraw on 1 day will be 100 BTC. First, click “Submit Verification Documents”.

Submit-Verification-Documents
neokichi

Check “international” and enter items

check
neokichi

Next will be the procedure to upload the image data of the identity confirmation document. The document can be either a passport or a driver’s license

neokichi

In addition, I need to take a photograph together with memo paper which wrote two kinds of characters “Binance” and “date of submission date”. Also be careful not to make out of focus.

ID
neokichi

When you are ready, upload it with reference to the image below. Finally, if you click “Submit”, submission of identity confirmation documents is completed.

Documents submission
neokichi

When authenticated, “Lv.2 Authenticated” is displayed, and the withdrawal limit per day becomes 100 BTC. It usually takes about 1 to 2 days to be authenticated. In my case it was approved in around 8 hours.

Lv2

How to buy and sell virtual currency

neokichi

To buy and sell a virtual currency in Binance, first select “Exchange” in the menu bar.

basic
neokichi

“Basic” and “Advanced” come out, but ordinary buying and selling is OK with baseck, but if you want to use technical charts, you should choose “Advanced”. Here I will show you how to buy and sell in “Basic”.

basicmode
neokichi

First of all it’s the choice of the currency you want to buy and sell. Choose which currency you’d like to purchase from “BTC” “ETH” “BNB” “USDT” and choose coins you want to buy and sell.

select

 

neokichi

Here I will introduce how to buy “XRP” with “BTC”. Enter the desired rate of BTC  in the price, enter the desired number of pieces you want to buy in the quantity, and when you confirm the contents of the buy order at the end, click “Buy XRP” to buy orders.
※ If you click “25% · 50% · 75% · 100%” under the quantity, you will automatically decide the quantity with the% of BTC holding number.

Buy

Transaction with “advanced”

neokichi

In the case of transactions with “advanced”, click on “advanced” from “Exchange”.

advanced
neokichi

“Advanced” makes it possible to use technical charts, which makes it more advantageous for trading. It is recommended for people who are familiar with technical charts.

advanced

Finally

neokichi

Binance is a stable exchanges where trading volume has become the world’s No. 1 place, trading fee is 0.1% and it is cheap, so it’s recommended

myako

I also made it ♪

official site of Binance.
おすすめ取引所

BITPoint(ビットポイント)は扱っている仮想通貨が全ペア板取引でお得に売買できる。初心者でも安心な電話対応まであるからオススメだよ♪
「スポンサードリンク」BITPoint(ビットポイント)ビットポイントを使うメリットや評判・口コミ
ビットポイント口座の作り方や2段階認証設定を解説

仮想通貨をはじめる初心者向けの記事

当ブログを運営しているネオキチです。仮想通貨をはじめた頃は、本当によく分からないことだらけでした。勉強したり友人から直接教えてもらったりして、ようやくこのブログを運営するまでの知識を身に付けることが出来ました。※日々勉強中です!

そして、「役に立ちました!」「いい情報ありがとうございます!」「これってどうなんですか?」などのコメントも多く頂き嬉しい限りです(^^)

友人・知人からもよく「仮想通貨ってどうなの?」「どうやってはじめるの?」「取引所はどこがいいの?」など多くの質問を受けるようになりました。

そこで、これから仮想通貨をはじめる方向けの記事をまとめました。記事を上から順番に読めば仮想通貨の中級者になれる内容になっています。

下が仮想通貨の初心者向けに書いた勉強・基礎知識のまとめ記事です。この記事があなたのお役に立てば嬉しいです(#^.^#)

仮想通貨初心者向け
ビットコイン・仮想通貨を始める初心者向け!勉強・基礎知識まとめ_PR仮想通貨を始める初心者向けに基礎知識を紹介しています。主要な銘柄の特徴。売買できる取引所、入金方法、売買方法や取引所と販売所の違いを解説。ビットポイントがおすすめ...

COMMENT

メールアドレスが公開されることはありません。 * が付いている欄は必須項目です