The market for digital currencies is filled with a wide variety of options, you need not limit yourself to only the options offered by Coinbase which only allows you to buy and sell only Bitcoin , Ethereum , BitcoinCash or Litecoin.
How can I buy Ripple? and Monero?
The solution is to use an exchange service that carry 50 altcoins and counting. Aside from buying and selling coins, they have the option to exchange altcoins directly!
Cryptocurrency exchange services can be a headache especially to new users but Binance is the favorite token exchange center of both beginners and experienced users.
How can I buy Ripple? and Monero?
The solution is to use an exchange service that carry 50 altcoins and counting. Aside from buying and selling coins, they have the option to exchange altcoins directly!
Cryptocurrency exchange services can be a headache especially to new users but Binance is the favorite token exchange center of both beginners and experienced users.
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Rating: 9.3 / 10
Registration: FREE Type: Exchange Currency Types: More than Altcoins 50 Payment: Bitcoin, Ethereum, BNB tokens Site: www.Binance.com Binance Affiliate Code: 19719670 |
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Binance: Latest and fastest growing Exchange Service
Binance is a popular exchange office based in Tokyo. It started with an ICO in the summer of 2017, offering $ 15 million in funding to create and operate a 1.4 million buy-per-second site, when most sites slow down or crash dealing with smaller traffic. It has an excellent Android/ IOS App you can install in your phone and has a very user friendly interface.
Advantages
Binance's popularity is not coiincidental, it is based on the following:
- An impressive collection of cryptocurrencies to trade. Having more than 50 cryptocurrencies, including Ripple, Cardano , Stellar, Dash, NEO, Monero, Bitcoin-Gold, Zcash, Stratis and more.
- Speed and stability of the site is the best we have encountered so far.
- Extremely low transaction fees. They enable the use of BNB token for fee payments thus offering a 50% discount on fees.This means that the 0.1% transaction fee is further lessened and may even fall below 0.05%.
- Access to ICOs through the Binance platform.
- Random airdrops. Distributes currencies directly into users wallets, especially to those who have been a member for a long time.
- Have contests that have money or cars as prizes.
- Supports Affiliate Program
- Majority vote. Users vote on Twitter which new token to add next.
- There is a Desktop App available to download. This App has less (if any) delays and connection problems that you may encounter in your browser.
Create an Account in Binance
*There is an increased volume of new users and Binance may not allow you to create a new account in order to maintain the quality of their services. Try again a few hours later or the next day.
Creating an account will take you only a few minutes. ID or passport is not necessary.
Go to their website www.Binance.com and click Register in the upper right corner.
A pop up ab will require a valid e-mail address, password (for Binance account), referral ID (important to fill in with 19719670)
Read the terms of use and click Register. To complete your registration, y ou must login to your emai laccount and click the confirmation link that Binance sent.
When you first login to your account, you will be prompted to confirm with 2FA ( Two Way Authenticator). There are two options for this, one is the Google Authenticator or Authy (in PlayStore for Android, in Appstore for IOS) and the second is SMS authentication ( highly recommended for new users). There is no need for identification details if your transaction are under 2 Bitcoins per day!
Go to their website www.Binance.com and click Register in the upper right corner.
A pop up ab will require a valid e-mail address, password (for Binance account), referral ID (important to fill in with 19719670)
Read the terms of use and click Register. To complete your registration, y ou must login to your emai laccount and click the confirmation link that Binance sent.
When you first login to your account, you will be prompted to confirm with 2FA ( Two Way Authenticator). There are two options for this, one is the Google Authenticator or Authy (in PlayStore for Android, in Appstore for IOS) and the second is SMS authentication ( highly recommended for new users). There is no need for identification details if your transaction are under 2 Bitcoins per day!
Buying and Trading in Binance
We will divide this in two simple parts. Note that Binance does not trade with Euros (€) but with 3 different cryptocurrencies, which we personally like a lot. They trade over 50 currencies with Bitcoin, Ethereum or Binance tokens which means that you first need to buy Bitcoin, Ethereum or Binance tokens if you do not have them yet.
Transfer funds to Binance. We used Ethereum
- Choose from the top left bar "Funds".
- Click on "Deposits / Withdrawals and you open a new tab.
- Type "eth" in the search field. The starting i.e. Ethereum.
- Select from the right "Deposit" and you'll see Ethereum to making the deposit.
- Copy this address by pressing the right button or selecting it and pressing Ctrl + C (Copy)
Purchase or Exchange Cryptocurrencies
To buy Ripple, Dash, NEO or Monero or any of the other 50+ cryptocurrencies, the procedure is as follows:
To buy Ripple, Dash, NEO or Monero or any of the other 50+ cryptocurrencies, the procedure is as follows:
- On the top left corner, hover over the Exchange button then click Basic.
- On the right hand side, select the currency you want to buy with, in this case Ethereum.
- In this field, write the abbreviation of the crypto you want to buy, we want to buy Ripple to we put XRP. Some samples Ripple -> XRP, Cardano -> ADA, Stellar -> XLM, Monero -> XMR, Bitcoin-Gold -> BTG, Zcash -> ZEC, Stratis-> STRAT, Dash -> Dash
- Click the pairing below (XRP/ETH), it will automatically show you the current rate and the price chart of the last period.
- Key in the number of coins you want to buy in the Amount field. Here we put 52 Ripple. In the Price field, you can see what is the current price of Ripple in Thereum (0.00186031 Eth for 1 XRP). You can see the total cost of the Transaction above the Green button. (0.09673612 ETH for 52 XRP)
- Επιλέγετε το πλήθος των νομισμάτων που θέλετε να αγοράσετε στο πεδίο "Amount". Στο παράδειγμα μας επιλέξαμε να αγοράσουμε 52 Ripple. Στο επάνω πεδίο "price" βλέπουμε την τρέχουσα τιμή Ripple ανά Ethereum (0.00186031 eth για κάθε 1 Ripple). Ενώ στο πεδίο "Total" ακριβώς από κάτω μπορούμε να δούμε το συνολικό κόστος της συναλλαγής (0.09673612 eth για 52 Ripple).
- Click Buy to complete your order.
Congratulations! You just bought your first Altcoin!
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Easy right? We will be glad to hear your opinion and experience in the comments section below.
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How useful was the article? Your opinion counts!
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How much money should I spend in buying Cryptocurrencies?
Think of the money you spend in coffe in a week, or how much you spend in a night out with friends, with this, you have the opportunity to have a potential income starting today. We advise you not to invest in something before you make sure of its reliability.
We recommend to always start trying for free. If you make a deposit, put in a small amount just so you can try and become familiar with it. when you're sure of its reliability, then you can deposit a larger amount. Let us remind you that the risk will never be zero, as is the meaning of investment.
We recommend to always start trying for free. If you make a deposit, put in a small amount just so you can try and become familiar with it. when you're sure of its reliability, then you can deposit a larger amount. Let us remind you that the risk will never be zero, as is the meaning of investment.
Conclusion
This is a fairly new exchange service but we were really impressed with the several transactions that we did. Only time will tell of its stability compared to other exchange centers. We did not find any alarming security issues, in any case, we advise not to leave your cryptos in an exchange center, you can always transfer them to your own digital wallets.
The shorter the time your cryptos stay in exchange centers ( rules apply to all exchange centers not only Binance), the less you are at risk. This is why we strongly recommend buying a hardware wallet (Ledger Nano S or Ledger Blue) so that only you have the access to your cryptos without being dependent on online wallets that can be attacked by hackers. We tried and highly recommend the best hardware wallet right now in the market the Ledger Nano S or Ledger Blue.
Click HERE to read about Hardware Wallets.
If it is not complicated for you, we recommend to enable the Two Factor Identification (2FA) for all your logins. This is an extra layer of FREE security.
If you ask us:
We consider tgis as the best exchange center to date, all that is needed is Time to prove it.
The shorter the time your cryptos stay in exchange centers ( rules apply to all exchange centers not only Binance), the less you are at risk. This is why we strongly recommend buying a hardware wallet (Ledger Nano S or Ledger Blue) so that only you have the access to your cryptos without being dependent on online wallets that can be attacked by hackers. We tried and highly recommend the best hardware wallet right now in the market the Ledger Nano S or Ledger Blue.
Click HERE to read about Hardware Wallets.
If it is not complicated for you, we recommend to enable the Two Factor Identification (2FA) for all your logins. This is an extra layer of FREE security.
If you ask us:
We consider tgis as the best exchange center to date, all that is needed is Time to prove it.
