If you are a newcomer in the crypto world and looking forward to trading on the crypto exchange, then you have come to the right place. Newcomers usually get overwhelmed due to multiple trading options on crypto exchange platforms. Here we will guide you on how to open an account in a crypto exchange platform, the types of trading options, orders, and how to start trading on the most widely used cryptocurrency exchange in the world, Binance. But before moving forward to understand how to trade on Binance, let us first understand a bit about Cryptocurrency exchange Binance. What is a Cryptocurrency Exchange? A cryptocurrency exchange is an online platform that facilitates the trading of cryptocurrencies for fiat money or other digital currencies. Along with buying, selling, and trading cryptocurrencies, it provides users with an online wallet to store their electronic funds. What is Binance? Founded in 2017 by Changpeng Zhao in Hong Kong, Binance is the world’s largest crypto exchange in terms of the trading volume. This is what also makes it the most popular cryptocurrency exchange in the world. Headquartered in the Cayman Islands, Binance offers a wide selection of cryptocurrencies to buy, sell, and trade through its user interface. It allows users crypto-to-crypto trading in more than 500 cryptocurrencies and virtual tokens and provides users with a crypto wallet to store their electronic funds and assets. Binance has its ow...
