Binance is a relatively new exchange that has quickly gained popularity over the last few months.
Their growth is due in large part to the number of altcoins they offer, plus regular trading competitions, and their house coin (BNB) which offers reduced trading fees on the exchange. As of today the BNB coin has a market cap of over $400 Million USD.
Let’s not waste any time and let FOMO set it… read on to learn how to join Binance.
I already joined Coinbase… do I still need this?
Yes, if you want to trade altcoins. Unlike Coinbase which has just a few coins, on Binance there are hundreds of other cryptocurrencies or alt coins you can trade.
How to Join Binance
Joining Binance is so easy, you’ll wonder why you waited so long to get on board.
The Binance registration form as of January 10, 2017. // Image via binance.com
Here are the steps:
- Click this link to open the Binance registration form
- Input your email address, password and captcha, then click “Register”
Binance will send you an email with a verification link.
Note: Be sure to check your spam folder if you do not receive the email.
- Click the verification link in the email to complete registration.
Top Three Reasons to Join Binance
Curious why you should join Binance? There are many reasons, and these are three are them:
1. User friendly interface
Trading, in general, can be very overwhelming and thankfully Binance helps keep it simple with their “basic” interface as seen here:
The “basic” trading interface on the Binance website as of January 10, 2017. // Image via binance.com
They’ve also got an “advanced” trading interface, but as the name suggests, it’s beyond what you’ll need in most cases.
And if the screen above is over your head, don’t worry… it won’t be for long. We’ve got specialized how-tos that’ll show you how to navigate the trading interface and how to read the chart, order book, and trade history, and how to place your buy and sell orders.
2. Over 200 Trading Pairs
Binance offers a LOT of altcoins. In fact, as of this writing, there are over 200 trading pairs, and more are being added each week.
A look at the top 20 active markets on Binance as of Jan 10, 2018. // Image via coinmarketcap.com
As you can see above, on top of a wide selection of coins Binance does a ton of volume, boasting over $2.5 Billion USD in daily trading volume.
- Learn about the term “Altcoin” and more in our cryptocurrency glossary.
3. Get 50% off fees your 1st year
BNB usually charges a 0.1% fee on trades, which isn’t really too bad. However, if you use Binance’s house token (BNB) to pay your fees, you’ll automatically get a 50% discount on every trade for the first year and 25% the second year.
Fees are calculated from the currency you’re receiving at a rate of 0.1%. So, for example, if you sold ETH and got 1 BTC, your fees would normally be 0.001 BTC. However, with the discount, you’d only pay 0.0005 BTC in fees.
You can choose to opt-out of the BNB fee-savings deal, but the savings can certainly add up so you might want to stay opted in, which is the default.
If you’re just getting started trading altcoins, Binance is a really great option. It’s incredibly easy to join, plus there are ample reasons you should join.
Ready to get started? Join Binance now and you’ll be buying and selling altcoins in no time.
P.S. Once you’re verified, learn how to buy your first altcoin on Binance.