I now have a new account on Binance. Now all I have to do is to wait for funds to transfer from coinbase so I can transfer those funds in eth/btc to Binance. A few things I've already noticed about Binance is that its a little slow with my internet connection. Does anyone else have a slow internet access with Bianance? Another daunting task is trying to navigate the Site. So many numbers jumping around. From the information I have found I'll be able to navigate the system pretty good in a few weeks.
I've been learning how to buy and sell from various information links on youtube. I must admit, I am a newbie when it comes to buying and selling cryto. Currently I own some Litecoin. I am very much looking forward to on the site. I've traded stocks/penny stocks for years so I do have a little experience trading. However the Alt Coin scene is quite different. Doesn't seem to complex. The thing that I love are the alt coins, crypto coins that have a fixed number of coins that can be purchased. This really is a game changer. I'll never forget trading penny stocks. Suddenly one little company may dilute their shares and add about 50 Million more. No longer will I trade penny stocks.
I'm looking for any advice out there concerning Binance. Does anyone have any practical advice for me as I begin to trade on the Exchange? I would very much appreciate it. I already have a few alt coins that I want to get my feet wet with. I myself look for the high volume coins. Also, is there a way to trade my SBD on Steemit to Binance?
You all have a great day and thanks for checking out my blog. Cheers.
Article by me, @crowe on Steemit
(All images in this article were uploaded from google imaging under the subjects: Binance, penny stocks, stack of money) I added the word trash on the stack of money image.
Im a crypto newb myself, thanks for the article. I diversified a hundred steem each to zcash, ethereum, dash and litecoin last week. I set up wallets for dash and dogecoin before i realized jaxx wallet does it all. I used blocktrades to diversify out of Steem but my people tell me the fees are out of line but i have nothing to compare to. I set up a coimbase account to get the money out into fiat but i dont have a credit card which they want before you can set up a bank account for withdrawals.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Sounds like you are on the fast track. At least at coinbase you can hold your fiat if you sell your crypto. Then later grab a credit card. Good luck with it all. I will have to check into the jaxx wallet. Sounds promising. Thanks for the heads up.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I was talking to someone about Binance just the other day, I have been using JAXX from the beginning, keep up the updates on how it works out for you.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I'll do that @buster544 . Hopefully I'll be trading in a week or so. Waiting for funds to go through coinbase. There is no way i'm selling my Litecoin. That's a keeper IMO.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
An interesting platform. Is there a complicated registration?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It wasn't to bad. You just need your cell phone number a a pictured id of yourself /front and back. You then have to take a picture of yourself holding your id with a picture of the word Binance written down with the date you made the photo. The other parts of the registration are quite easy.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I've been thinking about signing up for Binance too. The exchanges in general seem to be slow. And much like penny stocks, seems there are tons of penny cryptos, lol. I wouldn't buy any, unless I plan to day trade them.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks a lot for sharing and discuss about crypto ..Carry on dear...I apprecite to your post...Best of luck..My friend @crowe
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Sounds like a nice exchange, I think am gonna sign up too :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I love binance, and kucoin too. I have been on binance for over 6 months now. When i started on binance i bought BNB coins for under $1.oo. now they are over $20.00 a token. my point with that is how much the exchange has grown. It might be a lil different to try to navigate at first but stick with it and itll be second nature soon. Binance has awesome coins listed and they have a Binance token market too. Binance is the only exchange that has followed through on giving all fork coins and airdrops if you had the original coins at the time of fork. I recieved 500 tron airdropped on binance. I got bitcoin diamond, super bitcoin, and a few other i dont even know what they are yet. no other exchange is that honest about that. Kucoin is up and coming too. their kucoin shares were five bucks afew days ago and now they are $18+. which means the exchange is doinmg very well . I have not gotten completely away from bittrex but i have definitly been on binance and kucoin more lately. The one to really watch in the near future is ether delta. I personally dont like it. You need to import accounts and private keys and metamask causes problems and its just really confusing even for me. I dont consider myself a crypto pro but i am no means a novice. I do know they carry almost every coin imaginable and are coiming pout with their own coin that will blow up. it is the fastest growing exchange. I also just got on hitBTC so i could buy Dentacoin too. Get an account on as many exchanges as possible now because they have already started turning people away because of the massive influx of accounts. Binance is great though. Happy trading my friend . . . .HODL and God Bless
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
also, dont but BTC on coinbase and send it to whatever exchange you want. The BTC network fees are out of fuckin control and take too long. Im not telling you what to do but ill tell you what i do. I buy Litecoin on coinbase, send it to whatever exchange for about 25cents, then sell it for BTC once its on the exchange and pay the small comission as opposed to the BTC network fees. I save about 85 to 90% in fees by doing it that way. try it once and see how much you save. it only takes one extra step
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I would suggest buying some BNB (Binance coin). Binance is great, but for one annoying thing.
You can’t sell or buy partial coins. For example, you buy 10 coins (and you don’t own any BNB) after the deduction of trading fees, you’ll have 9,34556 coins. However, you can only sell 9 coins. Binance doesn’t accept the selling of the decimals. If you have BNB your trading fees are paid with BNB. Same example, you buy 10 coins. After deduction of trading fees (paid in BNB) you still have 10 coins. Hope this was clear.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit