How to Trade Cryptocurrency on Binance for Beginners - Binance Tutorial

How to Trade Cryptocurrency on Binance for Beginners in Nigeria 2021 - Binance Tutorial
Binance is an online exchange where users can trade cryptocurrencies. It supports most commonly traded cryptocurrencies.
To start trading, users have to complete the necessary KYC requirements. Upon successful trading account creation, users can add cryptocurrency funds to their public wallet address, provided by Binance, to start trading.
The Binance exchange supports three types of trade orders: limit, market, and stop-limit orders. Limit orders are executed only at the limit price set by the trader. Market orders are executed immediately at the best available market price. Stop limit orders become valid orders only when the price reaches a specified level.
Binance provides a crypto wallet for traders to store their electronic funds.
The exchange also has supporting services for users to earn interest or transact using cryptocurrencies. It also offers programs for miners and to help traders make investment decisions.
Binance has its own blockchain-based token, Binance Coin (BNB).
Primarily known for crypto-to-crypto trading-trading between two cryptocurrency pairs -the Binance exchange has among the lowest transaction fees for cryptocurrency exchanges. It has high liquidity and offers discounts to users who pay in the native BNB cryptocurrency tokens.
The name "Binance" is a combination of the words "bitcoin" and "finance." It claims high standards of safety and security, with multi-tier and multi-clustered architecture, and delivers high processing throughput-it claims it has the capacity to process around 1.4 million orders per second. It supports trading in more than 500 coins, including bitcoin, ethereum, litecoin, and its own native BNB tokens.
Binance offers an additional five types of orders for crypto derivatives, specifically futures contracts. These trade orders include:
Limit order
Market order
Stop limit order
Stop market order
Trailing stop order
Post only order
Limit TP/SL order
There is no fee charged for cryptocurrency or fund deposits. However, withdrawals do come with a transaction fee that varies depending upon the cryptocurrency and amount.
What Is the Binance Exchange?
The Binance Exchange is a leading cryptocurrency exchange founded in 2017 in Hong Kong. It features a strong focus on altcoin trading. Binance offers crypto-to-crypto trading in more than 500 cryptocurrencies and virtual tokens, including Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Dogecoin (DOGE), and its own token Binance Coin (BNB).
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Video Key Words:
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[@edotruetv]

You are good men, I believe you are a lecturer. I advise keep it up. God bless you. 💕

[@SureLaa]

Appreciate!

[@Onedayatatime24]

Thank you. Was being charged a hefty fee to learn this. I'm very grateful. ❤

[@obiezesullivan5512]

Still an well explained and straight to the point guide on how to spot trade...this is like having a crypto prof teach an online class...thank you prof❤

[@SureLaa]

You are welcome. I’m glad it was helpful

[@AkachiFranklin-ps9sm]

Wow, well detailed for me as a novice, thanks, more grace Mr.

[@saakpaalord_official]

Nice strategy

[@Scientistkayy]

I love youuuuu no one has ever explained it to me like this before😭

[@SureLaa]

Awwwn thanks for the love ❤

[@chineduprince8860]

Please can you help to teach me how it work, I don't actually have any clue about it

[@SureLaa]

@@chineduprince8860 watch this video kzbin.info/www/bejne/ini8mmupgad4atU

[@seyeolabanji6297]

Great work man! Straight to the point, engaging and very explanatory.

[@chiderah4042]

Thanks so much, i really enjoyed your tutorial. Your teaching makes everything easier.

[@SureLaa]

I'm so glad this was helpful to you. Thanks for your positive feedback

[@WinnieKombe-o3l]

Really, this is very beneficial. From Kenya, with love.

[@joshuakelvin8679]

bro can you always drop teachings like this,i fellowd up on this

[@SureLaa]

I will bro 🙂

[@terrychileegbojr7893]

Honestly, I have been wishing to learn this for couples of months; but today I have finally understood this to my finger tip. Man you are a good lecturer, I don't know weather you have some online resources I can reach out for. Much Love Bro Keep this up.

[@OriteeTale]

You just earn my subscription. Nice tutorial boss

[@AlfeusHaiyambo]

Thank you for your good explanation, you made it easy and simple to understand. Keep it up the good work, now I know how to do spot trading on Binance and will not pay

[@austineibekwe2764]

Thanks for this tutorial, I am just a beginner. I need to get more of your videos.

[@SureLaa]

I have a playlist on everything you need to know as a beginner and in no time you will be a pro from watching those videos

[@SureLaa]

This is a link to the playlist kzbin.info/aero/PLiEVjfhhq_OXlJ1lMwNHXlOKv-ltGW5RO looking forward to your feedbacks

[@hafezaazizi5138]

thank u, ur a CHAMP!!!

[@feliciasunday9620]

Great content, well explained. Thank you so much.

[@ogbodochuk2344]

Thanks alot, you did a very good job here. But I have a question, does this spot trading expire within 24 hours or it last for days?

[@SureLaa]

It never expires! It stays till what you set is fulfilled. That's why long term traders trade, you can leave a trade for months and years gon

[@PHILIPMOSES-n5o]

A slightly off-topic question, how to transfer USDT from OKX wallet to binance? Apart from this seed phrase, nothing: head isolate sound end kit industry choice festival limit stable dolphin derive

[@FrankWealth-pr3uj]

Well done brother

[@ABDOUAZIS-ye2ep]

thanks bro your surch a good person but please a question when your trading those it enter in side your MTN account bro

[@TaremwaFredrick-hx6jc]

Wonderful, I from you more than from guys

[@achavwukorachael354]

Good work keep it up

[@SureLaa]

Thanks

[@EzeegoNweke]

Thanks for this lecture am interested how can I start

[@arinzesamson5069]

Thank you so much sir , let me start asap

[@powerofhisword6029]

My guy, you are too much. You are a teacher per excellent, God bless you for your good work

[@SureLaa]

Wow this made me blush. Thank you!

[@uduakemmanuel3522]

Thanks so much for the update Pls does the 4hours trading affect the trade?

[@SureLaa]

No it doesn't

[@uduakemmanuel3522]

@@SureLaa thanks

[@mayordavid6567]

If the price I set to sell the doge is high, like 0.9000,and it didn't rise would there be any loss

[@oshejibril6187]

Thank you so much for this wonderful video, sir what's the meaning of 20x in this trade?

[@Lieeza007]

Sorry if this is a stupid question, maybe someone here can tell me, OKX wallet has USDT, how can they be transferred to binance? There are only words: head isolate sound end kit industry choice festival limit stable dolphin derive. I don’t know the password, I don’t know anything else, how can I withdraw money using these phrases?

[@destinizo15]

What about zone ??

[@gabanamoney8804]

Thanks so much it’s really helpful may God bless you but I have 2 questions to ask 1. If the the theme line above and below are in the same range, how will I know if the market is about to go up or down?

[@gabanamoney8804]

2. When checking a candles stick to know if the market will go up or down, does it matter if the last candles stick is in red or green?

[@benkybah1697]

Please can you help us make a video on basic Coin person can buy

[@Exclusivemandy]

Please I am trying to use my naira to buy usdt on sport trading the way you thought us but is not working

[@SureLaa]

You are not doing something right then, make sure you follow it step by step

[@obililAllan]

Thank you

[@MBABenedict-pv1pb]

My own is from fund to spot

[@IdrisHaruna-wq2dh]

God bless you bruh❤❤

[@Exclusivemandy]

Godbless you

[@ashprooo]

Brother thank you

[@gabanamoney8804]

Thanks for the video but I’m having a big problem with Binance, I have registered and did face and Id verification but I’m still unable to fund my account with fiat Naira, in the deposit area an option of NGN is not showing at all

[@SureLaa]

You can only fund your Nigerian naira account in Binance on the P2P platform, watch the P2P video

[@SureLaa]

kzbin.info/www/bejne/amfUgZ9rqdeCnqc

[@SureLaa]

kzbin.info/www/bejne/sGqtaZqfp7aWkKc

[@gabanamoney8804]

@@SureLaa I have watched and it’s well understood thank you so much 😊 But can I also use bank transfer to buy NGN on the P2P and can I also sell NGN on the P2P platform?

[@benkybah1697]

Thanks so much bro But my question is this After the sell where the money go ??

[@SureLaa]

When selling your cryptocurrency on Binance, 1st Binance lock the amount you want to sell in a safe, then ask the person that want to buy it to pay you in the way you choose e.g bank transfer. Binance will ask you to make sure you confirmed you have received the money. When you receive the money in your account you will now release the cryptocurrency in the safe. Binance will warn you not to release until you are sure you have received your payment. No scam anywhere

[@benkybah1697]

@@SureLaa Okay thanks so much, with this teaching i will know about this cryptocurrency, i just started, but am still learning. Thanks God bless you

[@prosperchisom7490]

Very helpful man 👍 Thanks Bur am new in crypto need more help guide

[@SureLaa]

Make sure you watch all my crypto videos then, use this link kzbin.info/aero/PLiEVjfhhq_OXlJ1lMwNHXlOKv-ltGW5RO

[@chimaobijesse4535]

Thank you bro

[@terrychileegbojr7893]

Sir I have a question, it has to do with the Time interval. Should I select a specific time interval before buying or Selling of Coin?

[@MrCuteTv1]

You are doing it in the most simple way and that’s the best. Pls boss share a link of understanding the binance interface. Thanks . You are definitely a good teacher

[@SureLaa]

kzbin.info/www/bejne/aqbcenuLasmngsU

[@AwanyaJidechukwulove]

It was helpful as a novice like me

[@SureLaa]

I’m glad it helped

[@uduonyidickson2189]

Please, am a novice here, please am not really seeing where you're pointing at. Please make your cursor visible Thanks

[@EmmyBlaq-k3l]

Pls I need some lectures

[@muluhmichael041]

I am from Cameroon ur explanation is very good

[@rafikiallan3736]

Nice one, straight to the point

[@Ibramasa3]

Thanks bro am ur fan from Uganda

[@zenobtc8455]

I have going around KZbin to lean this but. You just opened my eyes 👀 bro you good please I still a little help from you to transfer btc to my spot wallet or usdt

[@SureLaa]

Watch more of my Binance tutorial I have done a video on that already

[@SureLaa]

Watch this it will help kzbin.info/www/bejne/jZKZZGZtjJpnd5o

[@Ajibona19]

Thank you bro.i really enjoyed your teachings❤

[@SureLaa]

Glad you like them!

[@skydizo883]

Thanks allot i have lent something

[@meltusegwumba5092]

Thank you

[@ovieolori2398]

You know your onions. Good content delivery

[@SureLaa]

Glad to get this feedback, thank you!

[@gypsydangrr8855]

Hello about the red candlestick like you said does it also applies to the green candlesticks?

[@jeffreytye-wayo922]

That is very good teaching, the explanation is very simple and Clare. Well done

[@SureLaa]

Glad you liked it!

[@fashanuhumuhammed1722]

So sweet of u sir....I wish I can copy trade u...do u have a telegram account or Whatsapp group I can join?

[@SureLaa]

Lol I don't have any of that for now...

[@isahenny7930]

Thanks for your explanation lovely one pls can i have your contact