How many Ways to Trade Crypto on Binance? What's the Difference
Buying your first bitcoin might seem like an arduous task, but you shouldn’t worry; it’s simple, secure, and fast. But before you execute your first buy, you need to pick a platform. Ideally, it should be easy to use and come with a range of payment options, assets, and financial products. It should have a good reputation, a solid security track record, and some other here’s and there’s. We previously wrote about how to choose an exchange you can trust, and it’s a must-read if you want to avoid making mistakes when picking your first (or next) crypto exchange. There are different ways to buy or trade bitcoin and other cryptos, each with its advantages and disadvantages. Some of the most popular are traditional centralized exchanges (CEX), P2P platforms, bitcoin ATMs, and decentralized exchanges (DEX). In this article, we’ll focus on the first two.
How to Protect you Against the Most Common Mobile Phone Scams with Binance
2017 was a remarkable year for the cryptocurrency industry as their rapid increase in valuations propelled them into mainstream media. Unsurprisingly, this garnered them immense interest from both the general public as well as cybercriminals. The relative anonymity offered by cryptocurrencies has made them a favorite amongst criminals who often use them to bypass traditional banking systems and avoid financial surveillance from regulators. Given that people are spending more time on their smartphones than desktops, it is thus not surprising that cybercriminals have also turned their attention to them. The following discussion highlights how scammers have been targeting cryptocurrency users through their mobile devices, along with a few steps that users can take to protect themselves.
What is Fundamental Analysis (FA) with Binance? Pros and cons of FA
Introduction When it comes to trading – whether you’re dealing with century-old stocks or nascent cryptocurrencies – there’s no exact science involved. Or, if there is, Wall Stre...
What Is Technical Analysis on Binance
Technical analysis (TA), often referred to as charting, is a type of analysis that aims to predict future market behavior based on previous price action and volume data. The TA approach is extensively applied to stocks and other assets in traditional financial markets, but it is also an integral component of trading digital currencies in the cryptocurrency market. In contrast to fundamental analysis (FA), which considers multiple factors around the price of an asset, TA is strictly focused on historical price action. Therefore, it is utilized as a tool to examine an asset's price fluctuations and volume data, and many traders employ it in an attempt to identify trends and favorable trading opportunities. While primitive forms of technical analysis appeared in the 17th century Amsterdam and 18th century Japan, the modern TA is often traced back to the work of Charles Dow. A financial journalist and founder of The Wall Street Journal, Dow was among the first to observe that individual assets and markets often move in trends that could be segmented and examined. His work later gave birth to the Dow Theory that encouraged further developments in technical analysis. In the early stages, the rudimentary approach of technical analysis was based on hand-made sheets and manual calculations, but with the advance of technology and modern computing, TA became widespread and is now an important tool for many investors and traders.
How to Avoid the Most Common Crypto Scams with Binance
In today’s world, your cryptocurrency is an incredibly valuable asset to criminals. It’s liquid, highly portable and, once a transaction has been made, it’s almost impossible to revert it. As a result, a wave of scams (both decades-old classics and cryptocurrency-specific swindles) has flooded the digital realm. In this article, we’ll identify some of the most common cryptocurrency scams.
12 Binance Terms You Must Know Before Trading Cryptocurrency
Introduction Whether youre in the stock market, day trading Forex, or new to cryptocurrency, youll hear a lot of trading terms that may sound unfamiliar. FOMO, ROI, ATH, HODL, wh...
How to do Fundamental Analysis of Crypto on Binance
Crypto fundamental analysis involves taking a deep dive into the available information about a financial asset. For instance, you might look at its use cases, the amount of people using it, or the team behind the project. Your goal is to reach a conclusion on whether the asset is overvalued or undervalued. At that stage, you can use your insights to inform your trading positions.
7 Reasons why Your Businesses Should consider Accepting Cryptocurrency Payments with Binance
The world is undisputedly moving towards a digital ecosystem. Cryptocurrencies are a promising addition to that ecosystem providing unparalleled benefits to consumers and merchants. Even non-tech-savvy people have at least heard of terms like Bitcoin or blockchain. While many people may not understand the technicalities behind blockchain, Bitcoin, Ethereum, and Litecoin have already become household names. The increasing popularity shouldn’t be the only reason to start accepting crypto payments. In this article, Binance talks about some of the reasons why companies should accept crypto payments.
Cryptocurrency Trading Tips on Binance
How do I start trading cryptocurrency? If you’ve decided you’d like to start trading, here are a few things to consider. Firstly, you’ll, of course, need capital to trade with...
Tips to Avoid Scams and Protect your Bitcoins on Binance
Binance's peer-to-peer platform allows you to buy Bitcoins and other cryptocurrencies with your local currency at 0 fees. On Binance P2P, you have the freedom to choose your preferred counterparties and payment methods for your trades, with the crypto assets escrowed by Binance. As with all investments, there is also a risk when buying and selling cryptocurrency. In this article, we will share some tips on how to protect yourself from fraud. Before you start selling or buying cryptocurrency, it's better to get familiar with the environment by joining your local crypto community and knowing the local merchants on Binance. In our Binance groups on Telegram, you can ask questions to the community, learn about crypto trading, and get news about the latest, legitimate news from Binance. Meanwhile, in our Binance Support page, you can learn about the steps in doing transactions on Binance, get help from our Customer Service team, and more.
What are the Best Technical Analysis indicators on Binance
Indicators are the weapons of choice for battle-tested technical analysts. Each player will choose tools that best fit their unique playstyle to then learn how to master their craft. Some like to look at market momentum, while others want to filter out market noise or measure volatility. But which are the best technical indicators? Well, every trader will tell you something different. What one analyst will swear is the ultimate indicator another will dismiss completely. However, there are some very popular ones, like the ones we’ve listed below (RSI, MA, MACD, StochRSI, and BB). Interested to know what they are and how to use them? Read on.
Meet the Women Who #ChoosetoChallenge with Crypto [Part 2]
In the second article in a two-part series on how women #ChoosetoChallenge with crypto and Binance, read and be inspired by the stories of our female ambassadors, who in their own ...