Table of Contents
What is Binance
Binance is a cryptocurrency exchange that offers services for buying and selling digital assets. The exchange has the largest volume in the world and sets the standard for cryptocurrency exchanges. The Binance Coin (BNB) is the token used on Binance. You can see a list of altcoins you can buy here.
What is a verified Binance account?
A verified Binance account is an account that has been personally authenticated by the Binance team. Authentication requires one to upload an image of their passport, a photo of their face, and some other documents too.
How do I get a verified binnacle account?
Verified accounts are only given to users who have passed Level 2 verification. Level 1 verification only requires users to submit basic information, while Level 2 requires more information about their identity.
In order to pass Level 2 verification, you must first pass Level 1. To do that, simply fill in the form with your basic information and send it. In a few days, Binance will review your account and either let you proceed or deny you access to their exchange. If they let you go forward, then all you have to do is wait until they email you to ask for your information. To be clear, it seems like they may not always ask for this information depending on the country you live in and how much data Binance has on file.
When you get an email from them asking for more information, simply log back into your account and click submit another request. Fill in the form with your information and submit it. Wait until they review your account and let you know that you’re all set to Level 2 verification. This whole process should only take a couple of days to complete.
My Binance account has been verified. What can I do now?
After completing level 1 or 2 of the verification, you can deposit cryptocurrency into your account. The verification process ensures that you are really the owner of the exchange and increases security to avoid cyber attacks. To start trading on Binance, you must first deposit funds into your account. Then you can purchase any desired coin listed on Binance.
What are Binance coins (BNB)
Binance Coin (BNB) is Binance’s own cryptocurrency. The coin runs natively on the Ethereum blockchain through ERC 20. Essentially, BNB is used to pay fees on the platform. Fees are discounted depending on how much BNB you use for your trades. You can see a list of fees here.
All you need to know about Binance Coin
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Buy verified Binance account
You can buy a verified account on Binance by clicking Buy Verified Account. Once purchased, the email account is provided to you for verification and to make sure all information is correct. You may also change your password and security question and answer.
How to buy a Binance coin
First of all, you have to Deposit Bitcoin or Ethereum into your Binance account. Click the “Deposit” button next to an asset on your home page and then click “Generate new wallet” when you are given a deposit address. Remember that cryptocurrencies are very volatile so it is advisable to keep the coins in your Binance wallet rather than moving them to a third party.
You can buy any desired coin listed on Binance by going to Exchange → Basic. Here you will see a search box where you can type the name of a specific coin or simply click one of the options below and select from a list of all coins. Finally, click the trading pair you wish to use (for example, BTC/XRP) and it will take you to that page.
Once on the trading page, you can select either a limit or market order. A limit order lets you set your own price for how much bitcoin you would like to pay when buying. This is a great tool to have in your back pocket for when the market is going crazy and you don’t want to overpay, but a limit buy doesn’t guarantee a purchase at your desired price. A market order does not let you control the price of the cryptocurrency but it will instantly fill you up on all available coins at that point in time. If the market is experiencing high volume, you may not be able to buy as much as you want, so being able to place limit orders is definitely a must for those using Binance.
In addition to buying and selling cryptocurrencies on the site, you can also set stop-loss orders for all coins listed on the interface. Stop-losses are always triggered when the coin reaches your stop-loss price, regardless of whether it’s at a gain or loss. If you don’t want to sell your coins at market value, then stop-loss can be set for all currencies you trade on Binance. Start by clicking the Stop-Limit tab on the top right side of your screen.
Conclusion
Binance is a one-stop solution for buying and selling cryptocurrencies. Stop-loss orders are great if you don’t want to sell your coins at market value, making Binance an excellent site for anyone interested in trading or investing in cryptocurrency. The site’s interface allows users to buy any desired coin listed on the exchange by going through Exchange → Basic where they can search via the name of a specific coin or simply click from a list of all coins available
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Verified Binance Account
Buy Verified Binance Accounts. We sell verified accounts that are ready to trade on the popular cryptocurrency exchange, Binance. These accounts can be used for trading cryptocurrencies like Bitcoin, Ethereum and more.
Product SKU: BNB54
Product Brand: Verified Binance Account
Product Price: 200
Product In-Stock: InStock
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