The Binance cryptocurrency exchange is the world leader in terms of trading volume among platforms for trading cryptocurrency assets.
Binance is the most popular crypto exchange in the CIS, as it has maximum trading volumes and supports transfers in rubles from Visa/MasterCard bank cards and payment systems QIWI, Advcash, Payeer.
- From 2022 to 2022, Binance is the undisputed leader in trading volume and number of users among all cryptocurrency exchanges in the world.
- Since 2022, deposits and withdrawals of funds from bank cards in rubles, dollars and euros have become available.
- The official website of the crypto exchange is https://binance.com.
The trading platform is capable of processing about 1.4 million Binance user commands per second. At the same time, it is stable and safe. Due to internal markets built on the main cryptocurrencies - Bitcoin, Ethereum and Litecoin, excellent liquidity is provided to hundreds of trading pairs.
Detailed instructions: How can a beginner buy cryptocurrency for rubles on the Binance exchange?
Distinctive characteristics of the Binance exchange:
- Binance ranks #1 in terms of trading volume among all crypto exchanges;
- Lack of verification when withdrawing less than 2 BTC per day;
- Daily trading volume exceeds US$4 billion;
- Founder of the exchange Changpeng Zhao, previously actively worked for OKCoin, Blockchain.info, Bloomberg;
- Transaction commission from 0.1% to 0.05%;
- Own cryptocurrency Binance Coin (BNB);
- There is no commission for entering any cryptocurrency;
- The exchange supports trading of more than 240 crypto assets;
- Availability of a trading application on a mobile device;
- Convenient and fast interface.
Binance.US exchange through the criteria of Masterforex-V analysts
| General information about the crypto exchange | |||||
| 1. | Exchange name RU | Binance US | |||
| 2. | Crypto exchange name EN | Binance.US | |||
| 3. | A country | USA | |||
| 4. | Year of foundation | 2019 | |||
| 5. | Founder | Changpeng Zhao, management company – BAM Trading Services (San Francisco, USA) | |||
| 6. | Personal account for traders and investors | Yes | |||
| 7. | Quotes and charts online | presented on the exchange website | |||
| 8. | Trading session | around the clock | |||
| Investments | |||||
| 9. | Trading volume (USD) | $441 million (daily in August 2021) | |||
| 10. | List of cryptocurrencies | BTC, ETH, OMG, ETC, LTC USDT, USDC, LINK, ADA, MATIC, VET, SOL, DOGE, BNB, BUSD, EGLD, MANA, COMP, ANKR, NEO, ATOM, etc. (total - 59 in August 2021) | |||
| 11. | List of fiat (fiduciary) currencies (tickers) | USD | |||
| 12. | Currency pairs | ETH/USD, BTC/USD, ETH/USDT, LINK/USD, BTC/USDT, USDT/USD, ADA/USD, MATIC/USD, VET/USD, SOL/USD, DOGE/USD, BNB/USD, ETH/ BUSD, EGLD/USD, BTC/BUSD, ETH/BTC, MANA/USD, COMP/USD, ANKR/USD, BTC/USDC, etc. (total – 115 in August 2021) | |||
| 13. | Other financial instruments | No | |||
| 14. | Minimum deposit for trading | $10 | |||
| 15. | Min trading lot | depends on the currency pair | |||
| 16. | PAMM account | absent | |||
| 17. | LAMM accounts for autocopying transactions | No | |||
| 18. | Currency hedging | market and limit order, stop loss | |||
| 19. | Expert Advisors and Indicators | allowed | |||
| 20. | Depositing/withdrawing money from a trading account | cryptocurrency wallets, bank transfer | |||
| 21. | Mobile trading | apps for Android and iOS | |||
| Analytics and stock trading training | |||||
| 22. | Analytics and forecasts | absent, traders exchange experiences in the community | |||
| 23. | Trader training | no vocational training | |||
| Crypto exchange regulators | |||||
| 24. | State financial regulator | — Securities and Exchange Commission | |||
| 25. | Central Bank of the country | Fed - US Federal Reserve System | |||
| Contacts | |||||
| 26. | Official site | binance.us | |||
| 27. | Multilingual technical support | English only | |||
| 28. | Social network pages | facebook.com/BinanceUS/ , twitter.com/binanceus , t.me/BinanceUSAnnouncements , instagram.com/binance_us/ | |||
Binance Coin Token (BNB)
The BNB cryptocurrency serves as the digital fuel that fuels the Binance ecosystem. The coin allows you to save a lot on fees and can be exchanged for almost any other asset. It would seem that what was so special, was it worth fenced in? But, given the scale of the Binance platform and the number of branches, you understand that the launch of an internal token was very appropriate.
Without bnb coin, futures binance and other innovative services would not be so attractive to large traders, who were able to further save on paying fees by holding a certain amount of bnb tokens on their balance sheet. Owners of the binance coin can earn money by storing the asset, enter into transactions directly with counterparties on the P2P platform, and simply save on commissions.
BNB coin is the native token of the Binance Chain blockchain, which is a simple, peer-to-peer system with high throughput and scalability. To protect the Binance blockchain, it uses the Byzantine Fault Tolerance (BFT) consensus mechanism, also known as Byzantine fault tolerance. The Byzantine Generals Problem was invented back in the last millennium as a logical dilemma leading to the conclusion that if more than 33% of the nodes of a particular system are captured by attackers, then it is doomed. But thanks to BFT, you can solve this problem and successfully resist attacks from unscrupulous nodes.
The network has a minimal set of functions, but transactions take place almost instantly, blocks are created in less than 1 second, and it is capable of the highest loads. Binance Chain does not support smart contracts, this option was sacrificed for the sake of increased performance, but it allows the deployment of third-party blockchain projects on the underlying chain. That is, the Binance ecosystem is essentially a competitor to Ethereum and some projects have already switched to it. For example, the Aeron (ARN), the gaming blockchain platform Enjin (ENJ), the protocol for training neural networks RAVEN PROTOCOL , the gaming platform Gtex (GTEX) and the decentralized network of freelancers CanYa (CAN). Of course, this immediately provided them with a listing on the Binance exchange.
Every quarter, Binance's board of directors buys BNB tokens from the digital market, spending 20% of the profits they made from transaction fees, and then burns them. The strategy is to reduce the number of coins by 50 percent, leaving a final 100 million tokens. Each time this happens, the bnb coin increases in value a little.
Binance coin is tied to the performance of the exchange. If it continues to prosper, the coin should theoretically increase in value. In a short period of time, the company has gone through many changes. It opens representative offices in different countries, expands the list of services and supports more and more national currencies, including Russian rubles and Ukrainian hryvnia. The project has a loyal and active community, and in the long term this should certainly stimulate demand for the internal token.
Registration on the Binance.US exchange
The first stage of registration on the Binance.US crypto exchange is simple and does not differ from registration on other similar sites. You need to enter the e-mail and password for the account you are creating, specify the code for participation in the referral program (optional) and click on “Create Account”.
Screenshot.
To fully trade on Binance.US, including trading in national currencies, you will have to undergo verification.
Those. Binance Futures support
You can contact technical support by sending a request on this page https://www.binance.com/ru/support/requests/new
Many questions are addressed in the help center https://www.binance.com/ru/support
There are also representations on many social networks, you can also contact them:
https://www.facebook.com/binance
https://www.binance.com/ru/community
Tweets by binance
https://www.instagram.com/Binance/
https://vk.com/binance
Trade on the Binance.US exchange
Binance.US is an exchange that operates independently of the number 1 platform in the world - Binance. It was created specifically to operate in the US market, having been registered in accordance with the rules of the American regulator and having received all the necessary permits, including operations with USD. However, in some states its work is prohibited.
Binance.US does not operate in the following states:
- Connecticut;
- Idaho;
- Louisiana;
- Hawaii;
- NY;
- Vermont;
- Texas.
The most popular pairs on Binance.US are with the dollar. Pairs with the USDT stablecoin are also popular.
Trading on Binance.US is divided into exchange office and direct trading.
There is only one option at the exchange office - buy. You select a cryptocurrency from the list, indicate how much $ you are willing to spend to purchase it, and complete the transaction. A reverse exchange is available - buying not cryptocurrency for dollars, but dollars for cryptocurrency. The exchange rate is shown immediately, next to it there is a chart with an archive of the rate for time frames 1H, 24H, 1W, 1M and 1Y.
Screenshot.
For experienced players, the exchange offers Basic, Advanced and OTC markets. There is no margin trading.
Screenshot.
Trading modes
Binance is an advanced company that has been on the market for a long time, so it is constantly improving its services. The broker allows you to trade in one of six available modes. They are necessary to select the most convenient mechanism for concluding transactions.
- Basic mode. It is a regular exchange of one currency for another. There is no need for a trading terminal to use it. You need to exchange your personal savings in your account for currency at the lowest price. Having purchased an asset, a trader can sell it at any time. You just need to wait for the price to rise in order to make a profit from the transaction. Despite its simplicity, this mode requires constant analysis of the value of the pair.
- Classic mode. In this mode, the user is given the opportunity to trade through the terminal. The terminal will allow you to build analytical forecasts and graphic models. At this level, the number of available tools is limited. Classic mode is suitable for beginners who are just learning the basics of trading and technical analysis.
- Professional mode. Allows you to trade at a higher level. This mode also requires trading through a terminal. Its advantage is the availability of highly profitable indicators, graphical tools, and the ability to download your own analytical indicators. This mode is only available to users with a high percentage of monthly income.
- Margin mode or debt trading. This mode is activated only after full account verification and activation of 2-factor identification. The broker must have complete confidence in the borrower in order to reduce his risks. The margin mode allows you to trade large amounts, which are several times greater than the funds on your balance. This mode is activated for traders with extensive experience and balance amounts.
- Over the Counter or OTC mode. The mode is intended for traders trading huge amounts. This mode allows you to trade pairs that are not available in the terminal. In addition to currency and cryptocurrency pairs, the trader gets the opportunity to operate transactions with raw materials, precious metals, and shares of large companies. But before trading on Binance in this mode, the user will need to top up his personal account balance and keep an amount exceeding 10 Bitcoins on it.
- The P2P mode allows you to conclude transactions between users of the Binance broker. The user is required to have the highest rank of account verification and an impeccable reputation on the site. This reputation is checked by moderators for the presence of fraudulent transactions, prohibited trade transactions, and the use of false data. 2nd factor identification is also required with confirmation of all necessary data from third-party accounts. In this mode, traders trade with each other, operating with a fixed exchange price of assets, or a price by agreement.
Any of the modes requires the necessary experience and investment. Each is accompanied by a share of risk, which the broker himself tries to smooth out.
Trading on the Binance.US exchange for Russian rubles
There is no trading for Russian rubles (RUB) on the Binance.US cryptocurrency exchange.
Additional materials about the Russian economy:
- Moscow exchange MOEX according to negative reviews Masterforex-V,
- RAUFR (Russian Association of Financial Market Participants),
- NAFD (TsRFIN) – pseudo-regulator of the Russian Federation,
- The ruble exchange rate is... definition and recommendations of Masterforex-V traders,
- Central Bank (CB) of Russia,
- KROUFR (Commission for Regulation of Relations of Participants in Financial Markets),
- FSFM (Federal Service for Financial Markets),
- FORTS is the No. 1 exchange for trading derivatives in the Russian Federation and Eastern Europe,
- Russian banknotes from Masterforex-V traders,
- NTB is the organizer of the Russian exchange commodity market,
- TsROFR is the center for regulating relations in financial markets,
- Forex brokers in Russia from Masterforex-V traders,
- St. Petersburg International Commodity and Raw Materials Exchange (SPIMEX) is the No. 1 commodity exchange in Russia,
- USD RUB: online ruble exchange rate chart and forecasts from Masterforex-V.
Where to go if you have problems or questions?
The presence of a “Contacts” section and quick feedback is one of the important aspects of any reliable resource. Everything on the Binance website is organized in the best possible way. On the site, each user can write an email to the site staff and ask for help.
Binance has a large FAQ section at support.binance.com. The most common topics and frequently asked questions: “how to make the first exchange”, “how to transfer funds”.
An FAQ section was also created on the site. Here you can find answers to frequently asked questions regarding commissions, exchange operation, payments or transfers, as well as in case of loss of 2FA keys.
On the Binance Academy tab, users will find a lot of useful materials about trading, risk management, security and other answers to questions.
Users can also seek help on the forum - https://forum.bitcoin.com.
For those who are comfortable communicating on social networks, they can ask questions on platforms on Telegram, Facebook, Instagram, Medium, Steemit, Twitter, Weibo, or Reddit.
Trading on the Binance.US exchange for Ukrainian hryvnia
Ukrainian hryvnia (UAH) is not traded on the Binance.US cryptocurrency exchange.
Additional materials about the Ukrainian economy:
- National Bank of Ukraine through monitoring of Masterforex-V traders,
- Forex brokers in Ukraine from Masterforex-V traders,
- USD UAH: online hryvnia exchange rate chart and forecasts from Masterforex-V,
- UAH RUB: Ukrainian hryvnia to ruble exchange rate from Masterforex-V traders,
- Banknotes (bills) of Ukraine through the eyes of Masterforex-V traders.
How to place an order
Having figured out how to trade spot on Binance, you should move on to directly placing an order. This process is completed in a few simple steps:
- Select order type.
- Indicate the number of coins purchased or sold and their price.
The red button is pressed in case of sale, and the green button in case of purchase of cryptocurrency.
On the left side of the terminal, to the left of the price change graph, there are 2 tables that contain placed orders to sell coins (top) and to buy them (bottom). The line located between them reflects the current rate of the selected cryptocurrency. In this case, it is the ratio of ETH to USDT.
When purchasing coins, it is not necessary to indicate their price yourself. You can use any of the offers in the list by clicking on it, and the cost will automatically appear in the completed application. If this value is satisfactory, then click the green “Buy” button.
Trading on the Binance.US exchange for tenge
There is no trading for Kazakhstani tenge (KZT) on the Binance.US crypto exchange.
Additional materials about the economy of Kazakhstan:
- AFSA is an independent financial regulator of Kazakhstan,
- ATF24 is the No. 1 payment system in Kazakhstan from Masterforex-V,
- RUB KZT: Russian ruble to tenge exchange rate from Masterforex-V,
- USD KZT: US dollar to tenge exchange rate from Masterforex-V traders,
- Forex brokers in Kazakhstan from Masterforex-V traders,
- Banknotes (bills) of Kazakhstan through the eyes of Masterforex-V traders,
- National Bank of Kazakhstan through the eyes of Masterforex-V traders.
Strategies
The choice of trading strategy on Binance depends on the user’s preferences, his desires and the final result that he expects. There are active and passive trading. Active strategies include:
- Day trading (involves entering and exiting positions on the same day, a fairly profitable option, but associated with great stress and high risks).
- Swing trading (holding positions for several weeks or a month allows you to refrain from hasty decisions and evaluate all changes in the exchange rate).
- Trend trading (holding positions longer).
- Scalping (aimed at high-frequency transactions with small changes in the value of an asset).
Passive investing differentiates between strategies such as “Buy and Hold” (purchase tokens and hold them in a portfolio) and “Index Investing” (buying indices in traditional markets).
Trading on the Binance.US exchange for Belarusian rubles
There are no Belarusian rubles (BYN) on the Binance.US crypto exchange.
Additional materials about the economy of Belarus:
- GBP BYN: pound sterling to Belarusian ruble exchange rate from MF traders,
- National Bank of Belarus through the eyes of Masterforex-V traders,
- Banknotes (bills) of Belarus through the eyes of Masterforex-V traders,
- Forex brokers in Belarus from Masterforex-V traders,
- ARFIN is an association of forex brokers in Belarus and the CIS,
- Belkart - payment system No. 1 in Belarus from Masterforex-V,
- BYN RUB: exchange rate of the Belarusian ruble to the Russian ruble from Masterforex-V traders,
- Cross rates of the Belarusian ruble (BYN) and their charts online.
Binance Futures Fees
Description of all existing commissions for Binance Futures:
| Action type | Commission fees |
| Enter | No commission |
| Withdrawal from a futures account to a regular account | No commission |
| Withdrawal from spot account to external wallet | Depends on the currency or withdrawal method https://www.binance.com/ru/fee/depositFee |
| Trading USDT-M futures | Maker - from 0.02% to 0, taker - from 0.018% to 0 (reduced with BNB) |
| Futures trading COIN-M | Maker - from 0.015% to -0.009%, taker - from 0.04% to 0.024% (reduced with BNB) |
Demo account on the Binance.US exchange
There is no demo trading on the Binance.US cryptocurrency exchange. Please consider this before you start trading.
To avoid losing money, we recommend taking a training course. You will learn how to predict exchange rates, as well as
- Application of hedging: problems of analysts and their solution Masterforex-V,
- Bill Williams' trading strategy or how to increase your trading deposit 20 times in a year?
- 8 Masterforex-V lessons on surviving the Forex investor market,
- Scalping: classics and strategies Masterforex-V,
- Elliott wave analysis and MasterForex-V know-how and much more.
Refill
Having felt confident in his own knowledge and trading strategy, the user can top up his account balance and start real trading. Binance does not charge a commission for deposits. It’s easy to deposit money into your account, but the minimum amount is 5,000 rubles. To enroll, you can use the following methods:
- MasterCard or Visa cards.
- SWIFT transfer.
- Cryptocurrency wallets.
- Internet wallets Payeer or ADVCash.
The list of emitters is constantly updated, and the transfer conditions are updated. After replenishment, the amount is transferred to cryptocurrency according to the current rate.
Binance.US Exchange Assets
On August 3, 2021, the daily trading volume on Binance.US was $441.0 million.
TOP 5 popular pairs on the spot market of the Binance.US exchange (24-hour trading in $, data as of 08/03/2021):
- ETH/USD – 79.4 million
- BTC/USD – 65.9 million
- ETH/USDT – 44.3 million
- BTC/USDT – 27.1 million
- USDT/USD – 20.7 million.
Binance Futures - what is it? general description
The platform is a section of the official website of the Binance exchange. To work with it, you must first create a main spot account, and then activate a futures account under the same account.
Symbolically
According to CoinGecko, Binance Futures is the largest cryptocurrency derivatives exchange by trading volume, with 24-hour trading volume exceeding $26 billion, with nearly $2 billion in positions opened per day. The high demand is mainly due to the patronage of the Binance main platform, which is also an industry leader, and the high leverage of 125x, which opens up wide trading opportunities.
Exchange record for daily trading
Working with the platform is available in all countries where the Binance exchange is available - that is, where it is not prohibited by law. Supported interface languages: Russian, Ukrainian, English, Spanish, German; Portuguese, Italian, Chinese, etc. (20 languages in total).
Founder and CEO: Changpeng Zhao.
Founder of one of the largest exchanges
Staking on the Binance.US exchange
Staking on the Binance.US cryptocurrency exchange allows you to receive additional passive income by freezing part of your assets for a specified time. In essence, it’s like charging interest on a deposit in a commercial bank.
The size of the reward depends on the chosen cryptocurrency and term.
Screenshot.
Analysis
Without analyzing the market situation, it is impossible to make money trading options. The simplest mode for analysis is the classic trading option. Here the trader can use technical indicators and graphical tools.
For technical analysis, indicators are used to help assess the direction of price movement. Working with these tools requires skill and perseverance. At the initial stage of trading, only indicators will help you build a profitable strategy.
In addition to technical analysis, there is fundamental analysis. It is based on the influence of external factors on the price of an asset, especially news events. It is worth carefully studying all the influences on the selected pair and the time of news release. This way you can build a safe strategy and reduce risks.
Exchange Binance.US: reviews
Advantages of the Binance.US exchange according to traders' reviews
- operates in accordance with the rules of US regulators, the authorities have no complaints against it, unlike the main exchange Binance
- you can trade cryptocurrency for dollars
- input and output of American currency
- good liquidity
- good selection of digital currencies
- simple exchange for those who do not want to trade through the platform
- there is staking and a referral program
Disadvantages of the Binance.US exchange according to traders' reviews
- Identity verification required
- there are no additional trading instruments (ETFs, futures, NFTs, etc.)
- no multilingual (after all, the site is focused only on the American market)
- no leverage
How to work with the platform - registration, verification, replenishment
To start working on the stock exchange, you need to create an account. The registration process is extremely simple and does not require verification if you do not intend to withdraw more than 2 BTC per day from the exchange.
If you want to withdraw more (up to 100 BTC per day), then you need to verify your account by sending a scan of your passport and a selfie with your passport. After you send all the data and scanned documents for verification, you will need to wait some time. There are also higher withdrawal limits (more than 100 BTC per day), but to receive them, you need to contact Binance support directly.
Registering an account on the Binance exchange
We go to the official website of the exchange https://binance.com/, then on the main page click “Registration” and get to the registration page.
Note! When registering, it is advisable to enter a strong password containing upper and lower case characters, numbers and special characters. It should not be the same as other passwords you use. Remember your safety.
After entering the data, click the checkbox to agree to the terms of service (the Russian version of the translation is lame here, yes), and proceed to the next stage. You will need to move the slider so that a separate piece of the puzzle aligns with the main image.
Now all that remains is to check your email and confirm registration on the exchange by clicking on the “Verify Email” button, which is contained in the letter. After this, you can log into the exchange by entering your email address and password.
When we first launch, we are asked to set up two-factor authentication using a Google Authenticator key or SMS confirmations.
After enabling two-factor authentication (you can postpone this procedure until later by clicking “Skip for now”, but for security it’s still worth doing) we find ourselves in your personal account. Here we can:
- change the password to enter the exchange;
- set up two-factor authentication and complete verification (to do this, you need to fill out the form: first name, last name, registration address, etc., and also attach scans of your passport and a photo with the passport in your hand). After this, the withdrawal limit will be increased from 2 to 100 BTC per day;
- get an API key to automate trading using bots;
- view the transaction history and a list of the latest IP addresses from which the exchange was accessed.
Verification options
There are two options for working on the exchange (the first option is suitable for most users):
- With verification on the Binance exchange via email, the client can withdraw 2 bitcoins per day from the account.
- With document verification, the account withdrawal limit will be 100 BTC per day.
To do this you need:
- connect 2FA identification to Binance;
- fill out a simple form;
- take a photograph of the document;
- take a photo with a document in hand;
- upload images in JPG format;
- send to the exchange to be checked.
How to get your account verified - instructions
In order to improve the security of your profile, and also be able to deposit and withdraw amounts of up to one hundred bitcoins per day, you need to go through the identity verification process. Follow our instructions to avoid mistakes:
- First of all, you should go to your account menu. On the main page at the top right, hover your cursor over the little man icon. Then click “User Center” in the drop-down window. The next page will open in front of you;
- Scrolling down the page you will see three available options that can be completed one after another: add a phone for verification, enable Google verification, and complete the API configuration. These menus will allow you to activate 2FA and improve the security of your profile;
- Click the “Enable” button next to the mobile phone icon;
- You will see a window in which you need to enter your number, as well as a window for entering a confirmation code that will be sent to you in the form of SMS;
- After this, your account will be linked to your mobile device number;
- Next, proceed to the Google check. To do this, you will need to install the application, links to which will appear in a new window, on your device. Owners of Android and iOS can use the software;
- Next, you will need to scan the QR code on the next page or enter the code that is displayed nearby in a special application window;
- Afterwards you will be given a unique code that you should save somewhere. It is better to copy it onto some tangible medium and store it in a place inaccessible to other people. This password will help you restore double authentication in case of any problems or an attempt to hack from the outside;
- In the last window you will need to enter all the necessary passwords to enable additional protection;
- And the last step to verify your profile is setting up the API. Click on the appropriate button after you have linked your phone to your account or through the Google mobile application on iPhone or Android. In this menu you can generate a unique code that will allow you to access your funds. This is another level of security that will allow you not to worry about the safety of your savings.
As you can see, all these processes can be quickly completed to increase the daily volume for transactions, as well as increase the security of your profile. After verification, you will be able to use 100 bitcoins for deposits and withdrawals every 24 hours. If this is not enough, then you can always contact the resource management and increase the limit, justifying your need.
Replenishment and withdrawal of funds
The translation of the site into Russian is not done in the best way, so sometimes users get confused when conducting account transactions. To access balances, hover over the “Asset” button and select “Withdraw cash from Deposit” from the pop-up list.
A page with balances will open. The platform supports a large number of digital currencies (currently more than 70). On the opposite side of each coin there are “Deposit” and “Withdrawal” buttons, which are responsible for depositing and withdrawing funds. Since 2022, the exchange has been working with fiat currencies (rubles, dollars, euros).
Instructions: top up your balance in rubles via Qiwi wallet
Topping up your balance using Qiwi is quite easy; to do this, you just need to follow a few simple steps:
- First, you need to go through the standard registration procedure on the https://www.binance.com platform, as well as verify the created account.
- After registration and verification, you can start replenishing. To do this, go to the “Replenishment from a card” section.
- From the proposed list of possible payment options, you must select Qiwi, then enter the required amount and email address. It is worth considering that there is a commission of 2% for performing the operation, the minimum replenishment amount is 5,000 rubles.
- After filling out all the fields, a new dialog box will open in which you will need to enter your mobile phone number, and then click on the “Continue” button.
- In the new dialog box, you must enter your wallet password to log in.
- To confirm the payment, click on the “Confirm” button. After this, an SMS message will be sent to your phone with a code to confirm the operation; you should enter it in the appropriate field.
- Once the transaction is successfully completed, the spot wallet balance will be replenished. In the main menu, you can view information about completed transfers, as well as find out the wallet balance within the Binance platform.
How to fund your Binance account using rubles and dollars
You can top up your balance using a bank card in rubles/dollars/euros , or using the Advanced Cash payment system. The Advanced Cash payment system allows you to top up exchange wallets with rubles with a minimum commission.
There is an alternative way to buy cryptocurrency with direct replenishment of your wallet on the Binance exchange:
1. Top up your Advanced Cash wallet (with any fiat currency: RUB/USD/EUR).
2. Go to the “Transfer of Funds” section, “Email” tab. currency."
3. Select a cryptocurrency, for example, Bitcoin Cash, from the “Recipient’s electronic currency” drop-down list.
Bitcoin Cash has fewer problems with transaction speed, unlike, for example, Bitcoin. We compared BCH/RUB prices and commission costs at the moment:
| Area | Pair | Price 1 BCH, rub. | Commission for entry to the exchange, % | Commission per transaction, % | Withdrawal fee*, BCH | Total costs for purchasing 1 BCH, rub. |
| Advcash | BCH/RUB | 161 529.49 | – | – | – | 161 529.49 |
| Yobit | BCH/RUB | 198 000.00 | 3% | 0.2% | 0.01 | 206 304.12 |
| Exmo | BCH/RUB | 173 761.82 | 8% | 0.2% | 0.001 | 188 156.25 |
* withdrawal of funds from the exchange wallet for transfer to the Binance wallet
4. On Binance, copy the Bitcoin Cash wallet address (ticker BCC).
5. Insert the address into the “Bitcoin address” field in Adv Cash.
6. After receiving Bitcoin Cash, we convert it into one of the main trading pairs (BTC, ETH, BNC, USDT) to purchase other altcoins.
It is important to consider:
- Advanced Cash course is not always better than exchange rates, be sure to compare prices before purchasing cryptocurrency;
- Instead of Bitcoin Cash, you can purchase Ethereum (at the time of writing, the coin was temporarily absent from the list of cryptocurrencies).
How are funds deposited and withdrawn on the Binance exchange?
To top up your account on the binance cryptocurrency exchange, you need to hover your mouse over “Asset” and select “Withdraw cash from Deposit” in the submenu.
After this, you will see a list of all possible currencies in which you will be able to make a deposit. This fact is also worth noting, because you have the opportunity to top up with 44 cryptocurrencies and fiat currencies.
Withdrawals to bank cards are available in rubles, dollars and euros.
Commission for depositing and withdrawing funds
As we have already said, Binance owes its incredibly rapid success to the lowest commission among all cryptocurrency trading platforms - 0.1% of the transaction.
In addition to such modest fees for transactions and the absence of commissions for depositing funds, Binance is also famous for its very democratic approach to withdrawing funds from the exchange: 0.001% for Bitcoin, 0.01% for Ethereum, 0.25% for Ripple, etc. The commission conditions on Binance are actually more favorable than on other low-cost crypto exchanges (for example, Bittrex).
Moreover, the transaction tariff can be halved and amount to 0.05% per exchange. In order to obtain such conditions, you need to purchase Binance Coin tokens (the internal cryptocurrency of the exchange) and pay fees with them.
Comparison table of Binance and Bittrex withdrawal fees:
| Currency | Binance | Bittrex |
| Bitcoin (BTC) | 0.001 | 0.001 |
| Ethereum (ETH) | 0.01 | 0.002 |
| Bitcoin Cash (BCH) | 0.001 | 0.001 |
| Ripple (XRP) | 0.25 | 5 |
| Litecoin (LTC) | 0.01 | 0.01 |
The Binance exchange offers objectively low commissions for transactions and withdrawals, as well as their complete absence when replenishing funds.
Place of the Binance.US exchange in the ranking of crypto exchanges in the world
The Binance.US exchange ranks 57th in the popularity ranking for queries in the Yandex search engine.
| Place | Name | Requests in Yandex per month | Trading volume in $ billion per 24 hours as of 06/09/21 | Fiat currency support |
| 1 | Binance | 632390 | 30 | AED, ARS, AUD + 43 more |
| 2 | Liquid | 135104 | 0,27 | USD, JPY, EUR + 3 more |
| 3 | Coinbase Exchange | 56464 | 4,23 | USD, GBR, EUR |
| 4 | Kraken | 50008 | 1,93 | USD, EUR, GBP + 4 more |
| 5 | Gemini | 46359 | 0,31 | USD |
| 6 | EXMO | 40879 | 0,076 | USD, RUB, EUR |
| 7 | OKEx | 25729 | 6,74 | No |
| 8 | Gate.io | 20494 | 0,89 | KRW, EUR |
| 9 | Huobi Global | 16377 | 8,24 | ALL, AUD, BRL + 47 more |
| 10 | Crypto.com Exchange | 16282 | 0,23 | No |
| 11 | Poloniex | 15701 | 0,23 | No |
| 12 | Hotbit | 13093 | 0,22 | No |
| 13 | Currency.com | 10696 | 0,096 | RUB, USD + 2 more |
| 14 | Blockchain.com | 8063 | 0,039 | USD, EUR + 2 more |
| 15 | KuCoin | 7111 | 1,55 | No |
| 16 | Bittrex | 7106 | 0,18 | USD |
| 17 | 50x | 6928 | <0,001 | No |
| 18 | HitBTC | 5687 | 3,55 | No |
| 19 | Bitfinex | 5162 | 1,72 | USD, EUR + 2 more |
| 20 | Coinsbit | 4828 | 2,75 | EUR, USD |
| 21 | Hoo | 4740 | 0,57 | No |
| 22 | CoinEx | 4512 | 0,12 | No |
| 23 | AAX | 4485 | 0,085 | No |
| 24 | Mercado Bitcoin | 3909 | 0,015 | BRL |
| 25 | XT.COM | 2563 | 3,69 | AUD, GBR, USD + 4 more |
| 26 | Bithumb | 2469 | 1,32 | KRW |
| 27 | Bithumb Global | 2469 | 0,17 | RUB, TRY |
| 28 | CEX.IO | 2208 | 0,088 | USD, EUR, GBR |
| 29 | LATOKEN | 2192 | 0,4 | No |
| 30 | WazirX | 2129 | 0,091 | INR |
| 31 | ProBit Exchange | 1800 | 0,29 | KRW |
| 32 | Luno | 1731 | 0,05 | EUR, AUD + 8 more |
| 33 | MXC.COM | 1412 | 0,19 | No |
| 34 | Bitstamp | 1361 | 0,84 | USD, EUR, GBR |
| 35 | BKEX | 1179 | 1,51 | No |
| 36 | Coinlist Pro | 1043 | 0,01 | USD |
| 37 | WhiteBIT | 875 | 0,56 | No |
| 38 | BtcTurk | Pro | 828 | 0,22 | TRY |
| 39 | BigONE | 766 | 0,81 | No |
| 40 | Bitrue | 693 | 0,027 | No |
| 41 | AscendEX (Bitmax) | 532 | 0,15 | No |
| 42 | Paribu | 474 | 0,25 | TRY |
| 43 | Indodax | 473 | 0,084 | IDR |
| 44 | DigiFinex | 451 | 2,4 | No |
| 45 | LBank | 416 | 2,69 | No |
| 46 | Okcoin | 391 | 0,084 | USD, EUR |
| 47 | Upbit | 387 | 7,44 | KRW |
| 48 | Coincheck | 363 | 0,22 | JPY |
| 49 | BTC Markets | 352 | 0,013 | AUD |
| 50 | CoinBene | 332 | 1,02 | No |
| 51 | EQUOS | 323 | 0,18 | No |
| 52 | Coinbit | 311 | 0,5 | KRW |
| 53 | ZB.COM | 293 | 2,04 | No |
| 54 | Finexbox | 281 | 0,21 | No |
| 55 | Bitpanda Pro | 280 | 0,032 | CHF + 3 more |
| 56 | Zaif | 268 | 0,13 | JPY |
| 57 | Binance.US | 263 | 1,18 | USD |
| 58 | Cryptology | 257 | 0,013 | USD, EUR |
| 59 | KickEX | 225 | 0,038 | No |
| 60 | ExMarkets | 151 | 0,39 | EUR |
| 61 | CoinDCX | 116 | 0,064 | INR |
| 62 | Coinone | 109 | 0,58 | KRW |
| 63 | Dex-Trade | 107 | 0,081 | No |
| 64 | Korbit | 97 | 0,051 | KRW |
| 65 | MAX Exchange | 92 | 0,016 | TWD |
| 66 | Bitbns | 89 | 0,028 | INR |
| 67 | bitFlyer | 88 | 0,42 | EUR, USD, JPY |
| 68 | Coinfloor | 83 | 0,008 | EUR, GBR |
| 69 | GOPAX | 75 | 0,066 | KRW |
| 70 | IndoEx | 74 | 1,51 | No |
| 71 | BitWell | 72 | 0,54 | No |
| 72 | Bitso | 71 | 0,02 | MXN, ARS |
| 73 | Bitkub | 59 | 0,097 | THB |
| 74 | Paritex | 59 | 0,13 | TRY |
| 75 | Bitexen | 55 | 0,15 | No |
| 76 | Felixo | 53 | 0,027 | No |
| 77 | eToroX | 51 | 0,032 | USD |
| 78 | itBit | 50 | n.d. USD | |
| 79 | Bitvavo | 45 | 0,22 | EUR |
| 80 | Bitbank | 44 | 0,17 | JPY |
| 81 | Coindeal | 40 | 0,033 | No |
| 82 | CoinZoom | 26 | 0,003 | No |
| 83 | Alterdice | 19 | 0,081 | No |
| 84 | Zipmex | 18 | 0,023 | THB, SGD |
| 85 | Huobi Korea | 17 | 0,081 | KRW |
| 86 | Bitay | 15 | 0,41 | No |
| 87 | CoinFLEX | 14 | 0,028 | No |
| 88 | ZebPay | 13 | 0,024 | AUD, INR, SGD |
| 89 | FOBLGATE | 12 | 0,14 | KRW |
| 90 | Independent Reserve | 12 | 0,011 | USD, AUD, NZD |
| 91 | GokuMarket | 8 | 0,29 | EUR |
| 92 | Coinzo | 8 | 0,037 | TRY |
| 93 | NovaDAX | 7 | 0,006 | BRL, EUR |
| 94 | B2BX | 6 | 0,048 | USD, EUR, GBP |
| 95 | Folgory | 6 | 0,29 | No |
| 96 | Hanbitco | 5 | 0,015 | No |
| 97 | CrossTower | 6 | 0,003 | No |
| 98 | Rekeningku.com | 3 | 0,016 | IDR |
| 99 | Huobi Indonesia | 2 | <0,001 | IDR |
| 100 | Bitfront | 1 | 0,93 | USD |
In the Coinmarket rating, the Binance.US crypto exchange is in the TOP 10.
Binance.US exchange statistics.
Battles and tournaments
From time to time, Binance Futures launches tournaments, the essence of which is to reward the most active traders on the platform. So, in September-October, $1,600,000 in BNB was played in a tournament based on total team profit. The team with the highest trading volume for the month received a prize of $5,000 in BNB.
Binance also launched a new online battles feature. The first trading pair launched as part of this feature was the BTCUSD perpetual contract. The user opens a position and competes with other users to get points. If he expects the price to increase in 5 minutes, he chooses the long option to indicate his opinion. Conversely, if he expects the price to fall, he chooses short. As soon as an opponent is selected, the battle will begin. The results of the battle can be shared with friends, and they are also displayed on the leaderboard.
Battle Binance Futures
Choosing a broker for trading cryptocurrencies
One of the reasons for the popularity of the cryptocurrency market is its high volatility. The price is constantly changing, opening up ample opportunities for income. Use proven tactics (see win-win accounts of Masterforex-V traders and their strategies and successful trading systems for making profits on cryptocurrencies) to achieve success (see whether Masterforex-V Academy traders can earn 2000% per month).
Cooperation with reliable partners is equally important. The rating of Forex brokerage companies from the Masterforex-V Academy reveals the 12 most reliable Forex brokers.
| № | Broker name, year founded | Financial instruments | Licenses from financial regulators | ||||
| Currencies | Goods | Stock market | Cryptocurrencies | PAMM | |||
| 1. | NordFX (2008) | + | + | + | + | + | CySEC, MiFID |
| 2. | Swissquote (1996) | + | + | + | + | — | FINMA, FCA, SFC, Dubai FSA |
| 3. | Dukascopy (1998) | + | + | + | — | — | FINMA, FCMC |
| 4. | Alpari (1998) | + | + | + | + | + | ARFIN |
| 5. | FxPro (2006) | + | + | + | — | — | FCA, CySEC, FSB, Dubai FSA, BaFin, ACPR, CNMV |
| 6. | Interactive Brokers (1977) | + | + | + | — | — | NFA, CFTC, FCA, IIROC |
| 7. | Oanda (1996) | + | + | + | — | — | NFA, CFTC, FCA, IIROC, MAS, ASIC |
| 8. | FXCM (1999) | + | + | + | + | — | FCA, BaFin, ACPR, AMF, Dubai FSA, SFC, ISA, ASIC, FSB |
| 9. | Saxo Bank (1992) | + | + | + | — | — | Danish FSA, Consob, CNB, ASIC, MAS, FINMA, JFSA, SFC Hong Kong |
| 10. | FOREX.com (1999) | + | + | + | + | — | NFA, CFTC, FCA, ASIC, JSDA, MAS, SFC |
| 11. | FIBO Group (1998) | + | + | + | + | + | CySEC |
| 12. | FINAM FOREX (1994) | + | — | — | — | — | Bank of Russia |
Sincerely, wiki Masterforex-V - free (school) and professional Masterforex-V training courses for working on Forex, futures, stock, commodity and cryptocurrency exchanges.
Comparison with other popular exchanges
| Binance | Bitfinex | Bittrex | Bitmex | Binance Futures | |
| date of creation | 2017 | 2012 | 2014 | 2014 | 2019 |
| Number of trading pairs | 873 | 315 | 614 | 59 | 103 |
| Your token | BNB | — | — | — | BNB |
| Margin trading | Yes | Yes | No | Yes | Yes |
| Trading commission | 0,012 — 0,1% | 0,1-0,2% | 0,25% | 0,02-0,07% | 0 — 0,02% |
| Deposit fee | — | 0% for cryptocurrency, 0.1% for bank transfer (at least 60 dollars or euros) | — | — | — |
| Withdrawal fee | One for each currency | One for each currency | One for each currency | Network commission only | — |
| Language support | 20 languages, Russian available | 4 languages, Russian available | English only | 5 languages, Russian available | 20 languages, Russian available |
| Incidents from inception to 2022 (hacking, blocking) | 2 hacks in 2022. Periodically blocked by Roskomnadzor | Major hack in 2016, no later incidents | There is information about hacks in 2022 and 2022 | There were unconfirmed rumors of hacking | Not found |
Recommendations on how to trade correctly
To trade correctly on Binance, you should follow some recommendations:
- Start with small deposits, with the expectation that the risk of loss should not exceed a maximum of 5% of the final spot amount.
- Try margin trading, which is quite profitable, however, is characterized by high risks. Before you start, you should watch the introductory videos.
How to reduce commissions?
When placing offers, the exchange charges a small commission. It can be reduced in several ways.
The first and easiest is to use the local cryptocurrency Binance Coin (BNB) to pay the commission percentage.
The next option is active transactions. When implementing large trading volumes, the trader receives VIP levels, the increase of which implies a reduction in commission.
The last way is to register using a referral id. This way you reduce the percentage on all operations in Binance to 20% and can go up to 40%.
Register using referral ID: AHJUCEJW and receive a discount of up to 40% on Binance commissions for all transactions.
Registration
Exchange services
The presence of a large number of additional services is the strength of the exchange. Users can use:
- Binance DEX. A decentralized version of the site, for fans of anonymity.
- Binance Jersey. Version for trading cryptocurrencies and fiat. Link - https://www.binance.je/en.
- Binance Futures. Link - https://www.binance.com/ru/futures/BTCUSDT.
- Trust Wallet. Reliable mobile wallet.
- Binance Academy. An educational portal where articles on cryptocurrency topics are collected.
- Binance Labs. An incubator whose goal is to support crypto projects.
- Launchpad. Platform for launching tokens.
From time to time, the administration of the service holds competitions, airdrops, sweepstakes and lotteries. Allows you to earn money through landing and staking. Offers traders passive income using autofollowing and API.
The exchange also makes it possible to trade from a smartphone using the special Binance application for Google Play or the App Store.
History of the exchange
The Binance cryptocurrency exchange was founded by Zhao Changpeng (Changpeng Zhao), a Canadian of Chinese origin, who was previously one of the leading developers of the Blockchain.info service and the OKCoin exchange.
Zhao registered the domain of his startup on 04/01/2017, but the start of work was slightly delayed; a preliminary sale (ICO) of the BNB token was held in order to raise the amount necessary for a quick start, so the site was launched only in June 2017.
At first, the exchange was located in China, later the main office moved to Japan, and recently to Malta. The reason is the friendliness of local laws, their loyalty to technology in general and the cryptocurrency world in particular.
Trader reviews
Feedback from traders is generally positive. Users note stable and fast operation, listing of promising coins, and availability of training materials. Many people have high hopes for Binance Dex.
99% of the negative reviews relate to the exchange’s inconsistency with the title “decentralized.”
But despite this, Binance DEX is one of the best young platforms that has wide functionality, combining the capabilities of a web wallet, explorer, platform for trading and investing.
It allows you to make instant trades, issue your own tokens that can be listed on the Binance DEX and even the main Binance. And most importantly, it is a developing exchange, a team of professionals is constantly working to improve it.
Accounting and analytics of transactions in CoinTracking
Binance is one of the exchanges that is supported by the CoinTracking service. CoinTracking analyzes your transactions and calculates profit/loss for each currency. Data can be downloaded from the report on deposits, withdrawals and transactions in the Deposits History, Withdrawals History, Trade History sections of the exchange.
After downloading data from the Binance exchange, upload it to the Binance Import section in CoinTracking.
Now, in the Unrealized Profit/Loss section, you can track the effectiveness of the decisions you have made.
The main convenience of the service is the ability to track the status of your portfolio on a mobile device. The application is available on Google Play and the App Store.
The paid capabilities of the CoinTracking service allow you to pull up transaction data automatically via the API.
Account verification
You can start working with the exchange without going through verification; however, confirmation of personal data is necessary in case of trading large volumes.
How to verify your identity?
- We enter the site, click on the personal account icon.
- Select the “Verification” item.
- Depending on who creates the account (individual or organization), we select the type of confirmation.
- We go through 4 steps, on the first one we enter basic information (full name, residential address).
- We attach a scan of documents (passport, driver’s license or ID card), take a selfie with the documents, send it for verification and wait for the moderators’ decision.
By skipping the verification step, you can use all the functionality of the exchange, however, there will be a limit on Bitcoin withdrawals per day (maximum 2 BTC).
The exchange's own token
BNB is the exchange’s own token, which was originally created on the basis of Ethereum for ICO. The issue is limited to 200 million tokens, but in order to prevent depreciation, a certain number of coins are periodically burned. A total of 100 million BNB must be destroyed.
The token has excellent growth rates; as of September 28, 2019, its value exceeded $15. It plays an important role in the Binance ecosystem, being a settlement medium that is traded in pairs with many cryptocurrencies. BNB holders have a number of benefits, the main one being the ability to reduce fees by 25% (in the first year the discount was 50%).
BNB cannot be mined.
