Guide+2 Money Management
Guide+2 Money Management
There was only One Binance platform until in 2019 they decided to restrict access
to all US customers due to US Investing laws like KYC (know your client) which
requires investors to fill out a profile questionnaire answering questions like your
age, net worth, how much you plan to invest, your “Source of funds” or where the
money you are investing came from and so on. Most, if not all, Crypto investors
felt that by providing this information, it went against went one of the most
prominent features of Crypto’s, which is to remain anonymous. Instead of having
to completely change their site requirements to comply with US laws, which would
have upset every client that did not reside in the US; Binance decided to shut its
doors to all US customers, allowing existing US customers to transfer all assets
out, and restrict new US customers from signing up. Fortunately, soon after,
Binance Opened a new site just for US customers. Hence Binance.us
This page will prompt you for an email address, password, and a Referral ID if you
have one.
After reading and agreeing with the Binance Terms of Use, check the I am over 18
years and agree box and then click Create account.
After clicking “Create Account,” Binance will allow you to establish 2FAC on your
account immediately. 2FA or 2-factor authentications is a second layer of security on
your account that requires permission from an app installed on your phone to access
Binance along with your regular Binance Credentials.
STEP 5: CONGRATULATIONS!
Welcome to Binance! You have successfully registered, and now have access to a
Crypto Exchange! You are just stepping away from placing your first trade, or
transaction.
GOOGLE AUTHENTICATION
Should you choose to go with Googles 2FA security, Select the first option
Once you have installed the Google Authenticator App, go ahead and open it and
navigate to the QR Scan Option. Face your phone's camera towards your computer
screen and attempt to capture the QR Code. If, for some reason, you are unable to
capture the
QR code, you can always enter it manually on your phone.
The final step will require you to be entirely your Google Authenticator Password, and
current code that is displayed on your phone. Once the correct information has been
provided, click submit and this will complete the process of enabling your Google 2FA
for your account.
The next step is straight forward. Once the subsequent screen loads, you will be
asked for your country code and phone number. Once you have the correct
information entered and have access to your cell phone, hit the yellow “Send SMS”
button. Binance will text you an Authentication Code. Once you receive it, enter the
“SMS Authentication Code” Field and then press “Enable SMS authenticator” at the
very bottom of the screen. If the information entered was correct, Your SMS
authenticator would now be activated.
Once you log in and land on your dashboard, click on your Security tab. Below you
will see where your 2FA has been enabled. Right beside it, click on “Verify Identity.”
Once you have provided the correct information for each field, click submit at the
very bottom right corner of your screen. You will know almost instantly if your
information was accepted or rejected. If approved, congratulations, you are now
ready to buy, sell, send, and receive cryptos!
1. After logging in to Binance, look toward the top right of the page and look for a
“funds” drop-down tab. Select the first option, “Deposits/Withdrawals.”
3. Once BTC appears, to the far right you should have a “Deposit” Button. Clicking on
this will display our BTC address. This iswhere we will send BTC to from another
exchange or wallet
At this point, if we wanted to send Bitcoin out of our wallet, we would click
“Withdrawal” and then enter the amount of BTC and which address to send it to.
1. After logging into Binance, at the top left-hand side of your screen, beside the
Binance logo, you should see an “Exchange” drop-down menu. “Basic” and
“Advance” should be the two options. Choose Basic for now.
4. Bitcoin was trading around $7,299.63; if we were ok with purchasing Bitcoin at this
price, we would move to the next field “Amount” and enter the amount of Bitcoin we
wanted to buy. As an example, we entered the amount of “2” Bitcoin and then press
tab. This caused the total to autofill
5. If we had $14,599.26 available in our USD balance, then we could go ahead and
press Buy BTC and this trade would placed and filled once a seller of the 2 Bitcoin for
$7,299.63 was found
7. If we wanted to place a sell for 2 Bitcoin or BTC at $7,299.63. We would first set the
price, then the amount field and hit tab, which would autofill the total. If all looked
correct, we could then hit “Sell BTC”
We have successfully placed our first primary buy and sells. Another method many
traders use to purchase or sell Crypto’s once it hits a certain price level is a “Stop-
Limit” order.
Think of your “Stop” as your “trigger” price. Once a Crypto hits this price level, you
want to start to purchase shares. The “Limit” is the price you would want to purchase
the shares at; amount would be the total amount of BTC you wish to purchase. The
total would be the total amount of the trade.
We have successfully placed our first primary buy and sells. Another method many
traders use to purchase or sell Crypto’s once it hits a certain price level is a “Stop-
Limit” order.
Think of your “Stop” as your “trigger” price. Once a Crypto hits this price level, you
want to start to purchase shares. The “Limit” is the price you would want to purchase
the shares at; amount would be the total amount of BTC you wish to purchase. The
total would be the total amount of the trade.
In our previous example, Bitcoin was trading around $7,300. On this example, we have
set a Stop or trigger price of $8,000 and a limit of $8,250 for a total of 2 Bitcoin that
would equal a total trade in the amount of $16,500
Congratulations! You have now successfully registered for your own Binance account
and learned how to become an active trader!