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BINANCE TUTORIAL THREAD
Binance fees, quite simply, blow Coinbase and even Coinbase Pro out of the water
But it doesn’t have the friendliest user interface
So I’m here to help
(Happy for others to recommend other platforms)
Binance fees, quite simply, blow Coinbase and even Coinbase Pro out of the water
But it doesn’t have the friendliest user interface
So I’m here to help
(Happy for others to recommend other platforms)
Sign up to Binance if you haven’t already
Use this link and you’ll get 10% back on trading fees: https://www.binance.cc/en/register?ref=RN0UI8PI
From this page on the app, select “Wallets” on the bottom right
Then select “Deposit” at the top left of the screen
Use this link and you’ll get 10% back on trading fees: https://www.binance.cc/en/register?ref=RN0UI8PI
From this page on the app, select “Wallets” on the bottom right
Then select “Deposit” at the top left of the screen
From here, select “Cash” and search for GBP (or whatever your choice of currency is)
For the sake of this example, I will deposit £100 using Faster Payments so I don’t get charged a fee
Press “Continue” and you will be given the account details to send to and a reference
For the sake of this example, I will deposit £100 using Faster Payments so I don’t get charged a fee
Press “Continue” and you will be given the account details to send to and a reference
Important: the bank account must be in your name and should not be sent from any of the 3 banks listed below
Next, select the “Trade” button at the bottom of your screen
Click the two lines next to ETH/BTC in the top left (your default pairing may be different)
This will open the 3rd picture: select “FIAT” and your chosen pairing
Click the two lines next to ETH/BTC in the top left (your default pairing may be different)
This will open the 3rd picture: select “FIAT” and your chosen pairing
Fees are the same regardless if you’re a Maker or Taker, so I won’t overcomplicate with Limit orders
Select “Buy” and choose “Market” from the drop down
Select “Total” rather than “Amount” and you can enter how much GBP you want to spend
Select “Buy” and choose “Market” from the drop down
Select “Total” rather than “Amount” and you can enter how much GBP you want to spend
From the same page, select the symbol on the bottom right
This will open up the 2nd picture
Go to “Order History” and you can see your purchase
Because I done a Market order, it got filled immediately
Go back to “Wallets” and select “Spot” at the top
You’ll see your balance
This will open up the 2nd picture
Go to “Order History” and you can see your purchase
Because I done a Market order, it got filled immediately
Go back to “Wallets” and select “Spot” at the top
You’ll see your balance
If anyone has any more questions or would like to make recommendations, feel free
Last thing I want is people doing this wrong or being bumped on fees
This was done from the mobile app as I think it’s easier to navigate than the desktop version
Last thing I want is people doing this wrong or being bumped on fees
This was done from the mobile app as I think it’s easier to navigate than the desktop version
