Binance is lead cryptocurrency exchange in the world. The exchange has the highest volume of cryptocurrency trading. Likewise, the Binance exchange is secure. Here is, Binance Mobile Application Guide. This blog post is about “How to use Binance Mobile Application?”.
First of all, you can use Binance Exchange as a Website, PC, and Mobile Application version. But today we talking about the Mobile version. You can get the version using Play Store or App Store.
Step 1: Sign in for creating an account. After downloading the app you must create your account. You can use your own Gmail or Phone Number when creating an account.
If you don’t have any Binance Account, you can create account using referance link special for CoinEngineer. You pay comission with %25 discount, I mean if you use this link you will pay comission to the exchange less than normally.
Step 2: Complete Verification
This feature’s important for deposit and withdrawal processes. If you don’t verify your account you don’t do them and some other functions. After completing KYC (Know Your Customer) Verification you can start trading, buying, and selling various cryptocurrencies.
Step 3: Deposit or Buy Crypto
You can have a cryptocurrency in Binance Wallet in 2 types: Depositing and Buying. If you already had crypto assets, you can transfer them to Binance Wallet. Firstly, you must enter the wallet using the “Overview” button in the Wallet section. Later on, you should click the “Deposit” and “Crypto Deposit” buttons.
Then you should choose the kind of crypto (USDT, BNB, ETH, BTC, etc.) which you want to deposit to Binance Wallet. Secondly, you must network (BEP2, BEP20, ERC20, etc.) which you will use for the transaction process.
If you complete all of these steps, firstly you should wait for block confirmations. Then you can see the transaction in the history.
How To Withdraw My Cryptocurrencies On This Exchange?
Firstly, you have to have a deposit address from another platform for withdrawing. Then you must choose the relevant cryptocurrency and the network as is in the depositing process. After, you should put the amount which you want.
If you choose the network wrongly, don’t worry, because Binance will correct your bad automatically as a user-friendly application. But you can must be carefully in these situations.
Step 4: Buy Crypto
Deposit Fiat Money As Using Bank Or Credit Card
You can deposit fiat money using bank cards or bank transfers which belong to your country. The Binance Exchange supports more than 50 currencies like EUR, BRL, and TRY. First, you must deposit fiat money and then you can use it for buying crypto. I mean you can’t directly buy using fiat money.
The technique of Crypto and Fiat Deposit is the same. You just must click the “Fiat Deposit” button. Later on, you can use your bank card or the SWIFT method.
Buy Crypto via P2P Method
Binance P2P Market allows buying crypto easily. Firstly, you should put the amount of crypto which you will buy. Binance offers third-party payment wallets as the best offer. Using the wallets you can buy crypto from another P2P user.
How To Earn Passive Income With Binance?
Binance presents the possibility of earning passive income with various services. The services are BNB Vault, Simple Earn, Range Bound, Dual Investment, etc. Every service provides a chance for passive income, but they are not unrisky.
BNB Vault is for staking own BNBs. APR ratios aren’t the same every time, they can be changeable. If you have some assets on the BNB Vault, you can automate the process. Furthermore, you can use Simple Earn. The service offers the opportunity to earn income from a lot of digital assets. First, you must buy some crypto and then you locked for 6 months and more times.
You also can earn money during stable market states. If you have a strong technical analysis, you can predict the future state of the crypto market. For example, you have 1 BTC, and you forecast the range in the Bitcoin charts. In this case, you can earn %300 and more income thanks to Range Bound.
Then the Binance Exchange has a Binance NFT Marketplace. You can buy or sell a lot of NFTs. Unlike many NFT Marketplaces Binance NFT provides a chance for high liquidity and lowest fees. If you want to learn about that more, you can interact with the link about Binance NFT Marketplace.
Additionally, there’s among Binance’s products Binance Futures. You can use leverage and borrow from Binance some amounts for trading. If you long for learn about it, you can access the link.
As a CoinEngineer we have to you special referance link, if you create Futures account using the link, you will get %10 discount for life.