Now that you’ve joined Binance you’ve probably got the itch to do some trading!

Below you’ll find step-by-step instructions to help you place both market and limit orders on the Binance website.

But first, follow these steps to get to the right spot:

  1. Go to the Binance website and log in.
  2. In the main navigation, click “Exchange” and then choose “Basic” to get to the main Binance trading interface:

    Binance Main Trading Interface - Web

    The “basic” trading interface on the Binance website as of January 10, 2017. // Image via binance.com

  3. Using the module on the top right (see screengrab below) search for the trading pair of your choice, then click on it.

    Binance Pair Selector Inteface

    The Binance trading pair selector as of Jan 19, 2018. // Image via binance.com

  4. You’ll find the interface for buying and selling on Binance at the bottom center of the screen. Here’s a closeup:

    Binance Limit Order Interface

    The Binance “Limit Order” interface as of Jan 15, 2018. // Image via binance.com

Now that you’re in the right place, choose the type of order you’d like to place to see how…


Market Orders on Binance

In case you’re new to this, a market order is a type of order allows you to buy or sell at the best available price, and is the simplest type of order. Here’s how to place a market order on Binance:

  1. Be sure you’ve selected the correct trading pair (e.g. EOS/ETH) and are looking at the buy/sell interface:

    Binance Market Order Interface

    The Binance “Market Order” interface as of Jan 19, 2018. // Image via binance.com

  2. If it’s not selected for you already, click the “Market” tab.

  3. Next, input the quantity of the token you wish to buy (left) or sell (right). Alternatively, you can use the % buttons to generate a percentage.

  4. Double-check to make sure you’ve got the right amounts set for your buy or sell order.

  5. Finally, click the “Buy Coin” or “Sell Coin” button to place your order.

That’s all you need to know about placing a market order on Binance.

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Limit Orders on Binance

A limit order is a little more complex than a market order but offers you the ability to set the price.

The downside is, if the market price never gets to the price you set, your order will never get filled and you either won’t get the tokens you wanted to buy or won’t get rid of the tokens you hoped to sell.

Pro Tip: This is where knowing how to read the order book and candlestick chart comes in handy. If you look at the orders that buyers and sellers have placed, you may be able to make a more educated decision regarding the future price and have a chance to buy or sell at higher or lower than the current market price.

Here’s how to place a limit order on Binance.

  1. Select the correct trading pair (e.g. SALT/ETH) and feast your eyes on the buy/sell interface:

    Binance Limit Order Interface

    The Binance “Limit Order” interface as of Jan 15, 2018. // Image via binance.com

  2. Click the “Limit” tab if it’s not already selected.

  3. Next, you’ve got the difficult decision of the choosing the price for your offer. If you are buying, you’ll want to set a price below the market price in hopes it dips down to your desired price. Likewise, if you are selling, you can set a price above the current market price so you can sell when the price goes up.

  4. After you’ve set a price, input the quantity of tokens you wish to buy (left) or sell (right). As with market orders, you can use the % buttons to spend a given percent of the currency you’re using to make the purchase, or sell a certain % of the currency you want to sell.

    Note: with market orders, you’ll be required to buy or sell at least a preset minumum amount, which varies from coin to coin.

  5. As always, be sure to confirm that all of your settings are correct. The extra few seconds it takes can easily save you from making a costly mistake.

  6. Finally, click the “Buy Coin” or “Sell Coin” button to place your order.

And there you have it, how to place a limit order on Binance.

Closing Thoughts

So now you know exactly what you need to do to buy and sell cryptocurrency on Binance. If you’re looking to transfer instead of buy, here’s how to transfer crypto to Binance.