Binance has added the Ripple (XRP) trading pair for the Nigerian Naira (NGN).. The new pair now means that Nigerian users can buy, sell, and trade XRP using Nigerian Naira. Binance recently launched a dedicated Binance Nigeria home page allowing Nigerian users to easily deposit Naira onto the exchange, buy crypto, and use the Binance P2P trading platform. Jun 20, · How to Place a Trade on Binance. You can trade with BTC (Bitcoin), ETH (Ethereum), USDT (Tether) or BNB (Binance Coin). The crypto pairs available will vary depending on which coin you use. Bitcoin trading pairs have the greatest variety (+). Ethereum and Binance Coin have a considerable number of altcoins paired against them as well. Convert Bitcoin into Cash with P2P Trading. Sell Bitcoin directly to other Binance users to exchange them for your local fiat currency. Browse a variety of Bitcoin listings to shop the best offers on Bitcoin from other users. To place an order, you must first place your Bitcoin (or other cryptocurrencies) into the P2P wallet portion of your account.
How to trade btc for ripple on binanceHow To Convert Bitcoin (BTC) To Ripple (XRP) Easily
Nowadays it is possible to add credit with many different options, but we recommend to do this with Bitcoin or Ethereum. We use Bitcoin in our guide:. In order to actually start trading at Binance, it is necessary that the above steps have been executed. So in this tutorial, we assume that you have deposited Bitcoin or another base currency:.
After following the steps above you will know the basics of trading cryptocurrency on the Binance Exchange. Keep this tutorial with you a couple of times to really get the hang of it. The trick is to buy a certain coin at a low point and then sell it at a high point. The price difference is your profit.
Good luck and please contact us if you have any questions. Binance is a popular cryptocurrency exchange where you can trade cryptocurrencies. It is the leading crypto trading platform in the world. Yes, we explain in this tutorial everything step by step. So you only have to replicate the steps shown in our guide. Everybody can do it, if you don't get it, please contact us.
Gary Sheppard 26 September When withdrawing from Binance to another wallet it asks if I want to save the address. After submitting it says the following please enter non-special characters within digits what does this mean?
This means that you may only use letters for your address name between digits. When the Basic page is fully loaded, at the top right section of the page, locate the cryptocurrency pair you want to trade. Same process if you have funded with any other cryptocurrency, you just replace the BTC with what you have. A market tag would buy Ripple for you at a higher price that if you set it yourself.
Now you know how to exchange your Bitcoin for Ripple on Binance. Follow the same procedure for Ethereum, Litecoin or any other cryptocurrency you have to swap for XRPs. As a last thing, make sure you do secure your Ripple tokens by storing them on a Ripple wallet.
XRP accounts for over 2. To purchase XRP using digital currencies other than Bitcoin, the process is very similar. After verifying your account, you will have to send funds to your Binance account. Once a wallet address is generated, you will be able to send funds. It is worth pointing out that you can only send the virtual currency linked to that address. Do not send another crypto to this address more than USDC.
The same applies to other digital currencies and addresses generated. It will be very easy to use any of the aforementioned cryptocurrencies to purchase XRP. If you have another crypto, you will have to exchange them for one of those using the Binance exchange.
Meanwhile, Tether is primarily used to exchange for bigger coins like Ethereum, Litecoin and Ripple. BTC will likely win over as you want the greatest number of trading opportunities to be made available to you.
To combat that issue, you can always avoid more fees by selling for USDT when you liquidate your first position. The price will be set at the last trade price by default. You can manually edit this number and select whatever you would like. Binance also gives you a quick, one-button option for placing limit orders. Also, there are arrows next to the order price which allows you to adjust your bid by one — not very effective in a fast-paced market. Placing a market order is super easy.
You have the option of dividing up your buy-in here too. The stop is the price where your limit order becomes active on the order book. The Limit is the price where your position will be sold. However, if the price recovers enough the position will liquidate at the Limit price regardless of how high it return.
Note: You are only required to hold BNB in your account to have the discount automatically applied. You do not need to trade any BNB crypto pairs and there are no notable benefits of doing so. So, your goal is to always have enough BNB to cover your trading fees. Using BNB will save you 0. Your account will automatically turn to whichever crypto you are holding when taking fees, at the rate of 0.
Reminder: The discount rate for using BNB will decrease year-over-year and after five years this promotion will no longer be active.