Yes so Is Binance Centralized….Hello everyone so as you see from the title today we’re going to be doing a binance evaluation tutorial in this tutorial i’m going to be showing you whatever you need to learn about binance so you can see how it works and figure out if this is the right exchange for you i’m also going to be leaving a link in the description box below so if you follow that link you’ll have the ability to produce your account you’ll be able to register here on binance which is actually basic to do so without additional ado let’s begin first on the home page for binance you will be able to just really see right away.
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that you can start buying and if you just want to have a look at the various coins that they offer you’ll have the ability to do that if you just scroll down they really have quite a long list of coins used so press on view more like i did and the list like i said is very long so i’m not going to be going over all of them however i do want you to simply to take a look at a few of the coins that they use also for each coin you’ll be able to compare the current price that they have and the 24 hour modification along with the 24 hr high and the 24 hr low the marketplace cap and the 24 hour volume and now we go here to buy crypto you’ll see that they have different payment options so you can pay with bank deposit credit or debit card p2p trading cash balance or perhaps 3rd party payment so i think that is a very crucial thing to look at when you’re going for an exchange platform the payment options that they have and after that if you go into the square symbol here you’ll see some other functions that financing has for example for exchange um so seeing just the different block modification exchanges that they have the academy so you can really get guide videos and assistance directly from binance on how to trade on their platform broker charity cloud and likewise trust wallet so yeah you can have a look at those from this icon here the square icon but the most important thing to concentrate on is the different payment choices that they’re going to need to in fact purchase your cryptocurrency then they have markets fantastic they have different types of trading so we’ll look at those in a moment and after that derivatives financing so let’s enter into trade so when we open trade there We can go for transform and just see from one cryptocurrency to another how much the conversion rate is going to be um and then if we also go to the traditional trade model.
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it’s going to open here chart that we’ll see in a moment and that’s going to allow us to see all the various alternatives that we have for training any coin any cryptocurrency so this chart this is like the classic simple model they do have a more advanced one that we’ll check out also however here this is pretty total too so you can see all the various options and keep in mind i’m not a monetary advisor so um before you know you follow the steps giving on finance um before you decide to buy sell any type of exchange you should do you know the required research study and uh decide for yourself however this is a platform where you can definitely go ahead and exchange your cryptocurrency buy yourself straight and we can also go like i said to the more innovative design which is going to have more details and just take that you have a further understanding of how the exchange is going to work however if you do have that understanding and you’re able to examine it this is another fantastic choice Where you can take a look at the particular rates and just exchanges that you can do and after that they also have if you wish to do a margin trade we can go take a look into that but normally classic in advance are like the two most used ones however we can absolutely uh see how margin trades would work as well if that’s something that you want to inspect out in order to make your decisions as far as the exchange of the cryptocurrency and finally yeah so there was gon na appear a video like i said they do have tutorials and various guides on how to use their platform so that’s pretty cool since even if you understand you’re new to this you do not have that much experience they do help you too so p2p also trades and stock token likewise if we go here to wallet. Is Binance Centralized
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we’ll see all the different wallets that um you can store it in and i do just wish to make a parenthesis here so personally i recommend utilizing an offline wallet so having a private address a physical wallet where you can keep all your coins because the thing is when you buy the cryptocurrency on these platforms and you’re keeping it on an online wallet you don’t have complete control of that cryptocurrency so I will be leaving a link below for the journal nanowx which is an excellent option journal nanowx is a physical wallet you have complete control over it and if you do not like the ledger nano x there’s also the trezor wallet choice both are excellent both do the very same thing and you’re going to have control over your cryptocurrency which is the most important one two.