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QUESTION

How do I buy and sell cryptocurrency on Binance?

ANSWER

10

To buy and sell cryptocurrency on Binance, one must first create an account on the platform by providing a valid email address and setting up a secure password. After verifying their identity through the required KYC (Know Your Customer) process, the individual can then deposit funds into their Binance account. This could be in the form of fiat currency using various payment methods like credit cards or bank transfers, or by depositing cryptocurrencies from another wallet. Once the account is funded, they can navigate to the 'Exchange' section to start trading. The individual selects the specific cryptocurrency pair they wish to trade, enters the amount they want to buy or sell, and places their order by choosing either a market order for immediate execution at current prices or a limit order to specify a price at which they are willing to make the transaction. The platform matches buy and sell orders from users to complete transactions, with Binance acting as an intermediary for these trades. After successful trades, cryptocurrencies can be held in the user’s Binance wallet or withdrawn to an external wallet, while fiat gains can be cashed out through the same methods used for deposits.


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04.21.2024
HOW TO BUY AND SELL CRYPTO ON BINANCE
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BINANCE
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