Have you just come across Binance and want to start using it? Binance is one of the largest platforms for cryptocurrency trading, and it can offer you a great experience when making trades. But to make that possible, you must know how to trade Binance,which may be a bit challenging when it’s your first time using this app. To make things easier for you, keep on reading our guide on trading Binance.
Binance Coin Explained
Binance has its own token too, known as Binance Coin, or BNB. The first coin offering of the BNB in the exchange managed to raise funds of about $15 million in 2017. Individuals that use BNB in order to pay their trading fees could get discounts as well.
Many companies use the ICO, aka initial coin offering in order to raise money. This is because this method is very easy and it allows crypto businesses to raise funds without having to go through very difficult processes or methods such as bonds or stocks.
Binance Signup Link: https://www.binance.com/en/register?ref=464722426
Can Binance Be Traded?
You can trade with Binance using your cryptocurrencies or tokens. When you first join Binance and start using it, you will have to buy your first bitcoin or BNB. Binance can be traded, especially if you make sure to buy Binance Coin. But in order to do so, you will have to go through a series of steps.