The maximum leverage available on Binance margin is 20x. This can increase profits yet can also increase losses, and therefore should only be used by those who know what they’re doing. Binance VIP Levels Leverageīinance offers leverage ‘margin’ trading on the exchange and mobile app which means that you can trade with more than your account balance. The VIP account levels offer discounts on trading fees, below you will find a table by which explains each VIP level and the benefits associated.
Deposit binance desktop app free#
The main standard account on Binance is free and takes 5 minutes to sign up.
Deposit binance desktop app upgrade#
There is one main account type on Binance although you can upgrade your account to different levels of ‘VIP’ by trading more often. Trading & Account What can you trade on Binance?Īs a cryptocurrency trading app, Binance only offers trading on select cryptocurrencies.įor a full, current list of the cryptocurrencies supported by Binance, see this page by CoinGecko. It is trusted by thousands of traders all over the world, every single day. We believe that Binance is a legitimate cryptocurrency exchange. It’s founder and employees are well-known and therefore the chance of it being a scam are slight. There is no evidence to suggest that Binance is a scam. As far as cryptocurrency trading apps go, Binance is one of the safest when it comes to the security of your funds. This fund and it’s legitimacy have already been tested in 2019 when some users funds were affected by a breach in security, Binance refunded all of the affected accounts and lived up to their promise. 10% of all trading fees collected by Binance are put into this fund incase of any security breaches. Fund securityĬonsidering there have been a large amount of cryptocurrency hacks in the past, Binance decided to create something called the ‘ SAFU Fund‘. Regulationsī is not regulated, however, it’s US sister company aims to be fully regulated in the near future. However, you shouldn’t leave your funds on any digital asset exchange for a long period of time since they are more vulnerable due to Blockchain’s decentralised nature.
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Binance is one of the safest cryptocurrency trading apps. With any crypto exchange, it’s important that we know that it is safe to use it. Free cryptocurrency alerts – why not? Binance Alerts Trust & Safety Even if you don’t want to trade on Binance, it’s a great free tool for any cryptocurrency trader. You can set as many alerts you like for free. Set an alert for any cryptocurrency and know when it moves up/down past a level of your choosing. Never miss an opportunity with the in-build alerts on the Binance app. Getting started with the referral program is simple, just register on Binance and then go to the ‘Referrals’ tab – there’s no more steps involved than opening a normal Binance account. It’s perfect for bloggers, website owners and anyone who knows people that might want to trade on the Binance app. The Binance referral program is ideal for those who want to earn some cryptocurrency on the side. The chart colours make it easy to read the chart, and if you want to change them, you can do so in your account settings on the Binance app. There’s a nice feature which allows you to favourite a chart, so you can go back to it later. We really like the fact that you can access advanced indicators on the go, as well as see detailed market information all within one app.
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The in-built charts on the Binance app are advanced and quick. Although, it is important to note that some cryptocurrencies take longer than others to transfer, this is all down to the blockchain they use. You’re able to move funds in an instant and take advantage of opportunities in the market.
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This gives traders a huge amount of flexibility when it comes to trading the cryptocurrency market. Instant Withdrawalsīinance offers instant withdrawals 24/7. You don’t even have to verify your identity to start trading. The beauty of Binance is that you can set up an account in under 5 minutes and start trading right away – that’s right, about the same time as it takes to make a coffee.