The trader must constantly monitor the prices. Previously, players spent whole days on the stock exchange, but with the development of computer technology, it became possible to control everything via the Internet. But what if you can't sit in one place all the time, or carry a laptop with you? Simply install the binance Android or iOS mobile app on your smartphone or tablet and trade while driving a taxi or sitting in a café. And where to download the program and how to install it, we will tell you now.
Download and install the app on your phone
The software should only be downloaded from trusted sources. And if a hacker stole it because of your negligence, you will feel no better than a victim of pickpockets. To prevent this from happening, keep your access tokens offline, regularly check your computer for viruses, and don't download software anywhere.
Binance Mobile Trading App Available:
On the official website of the Stock Exchange, in the "Services" section, link .
Also on Google Play Store and App Store.
The exchange has a “Download Android App” button that allows you to save the Binance.apk file and for manual installation on your mobile phone later. And this option is suitable for those users who, for one reason or another, cannot install the application through the official store. The apk file is copied to the memory card of the portable gadget and launched using the file manager.
How to buy cryptocurrency in Binance P2P app from your phone
Before trading first, you need to buy a digital currency. The Binance exchange offers customers the opportunity to purchase fiat virtual assets directly on their smartphone using several different payment methods. But after installing the application, you need:
- log in using your login or registration;
- pass identity verification;
- Enable SMS authentication in the Security section.
Creating an account and passing KYC on a smartphone is very simple. Use your mobile phone number or email to log in. Create a password, sign up, connect your Google Authenticator and you're done, your account is created. Now you need to verify your identity. As for P2P trading , the KYC procedure has always been mandatory, and according to the new rules, it is impossible to trade anonymously on the spot platform.
At one time, basic verification was enough to access the main functions, then it was generally canceled, but in the end, two-step verification was introduced, and now everyone who wants to trade on this site must pass the first level.
And to verify your identity, you need to go to the appropriate section and fill out the questionnaire. Then you photocopy the required pages of the passport, and then take a selfie. Previously taken photos will not work. And everything happens in real time so that the customer cannot use Photoshop. KYC is completed by dynamic facial verification. And to avoid failure, turn on additional lighting and do not try to be photographed in dark glasses or a hat.
After verification, the system will offer you to purchase one of the cryptocurrencies. available:
- Bitcoin
- USDT;
- benb
- bus.
And you can pay in US dollars, euros and other national currencies from a bank card, cash balance or through a built-in exchanger.
You can also add other money transfer options and switch to P2P site ads in your account settings. Just click on the icon in the upper-right corner and select the "Payment Methods" section. And you can add your payment options to P2P and choose the mode of operation.
- Ad is optimized for users who place apps.
- "Demand" is suitable for those who are looking for suitable options for buying and selling.
Select the crypto currency and the payment currency, and you will see a list of available orders. When choosing a counterparty, you should pay attention to the number of assets available and the maximum number of each ad. Accepted payment options are also indicated above the order button. It can be: Qiwi, Yandex Money, Sberbank and other payment networks. Select the seller, click the "Buy" button and enter the payment amount (not less than the minimum). And you will see the order details and details, copy the information and make the payment according to the instructions. And when you are done, click on “Mark as paid” and then on “Confirm”. The status of the application will change to “To be transferred” and the seller will list the cryptocurrency.
Interface and trading tools available on the phone
The mobile application provides access to Binance services . You can view information about trading pairs, place orders, view charts, and set alerts. For a complete list of services, simply click on the "More" button. And the mobile interface has its own characteristics, which are worth talking about in more detail.
Homepage
On the Address tab, the customer is offered to purchase cryptocurrency, but until it passes identity verification, and the service is available. You can trade on the spot market without revealing your identity. And buy crypto at a third party exchanger or earn money in a mining pool, replenish exchange deposit from your personal wallet and trade.
Without identity verification, you cannot transact on P2P , but you can trade on instant and futures platform.
Available Markets
The buttons for switching between sections are located in the lower field. Just click on the markets and select 'Spot', 'Futures', 'Zones' or 'Portfolio to'. The last section is also divided into two tabs: "All regions" and "Coins". The first consists of many subsections. It is designed to sort coins by type of use, such as "Fan Tokens", "DeFi" Launchpool, etc. And the second tab is purely informational, it shows the current price and capitalization of all cryptocurrencies supported by the exchange.
The Spot tab is designed to monitor trading pairs and navigate to the trading floor. You can place an order in the "Transactions" tab. And if you want to trade with leverage, then after entering this section, click on the upper field “Margin”, and to quickly transfer one cryptocurrency to another, select “Transfer”. By clicking in the upper field " Fiat ", and you will be taken to the section for buying cryptocurrency for ordinary money using a bank card. The last line in the upper field is called P2P , and it is intended for direct transactions between sellers and buyers. All these markets are also available after the opening in the lower field of the "Deals" tab. If you want to work with cryptocurrency derivatives, go to the "Futures" tab. The Portfolio tab is designed
business deals
Going to this tab, you will immediately see the form for filling out the application and the order book. The transaction history will be shown below. To select the desired currency, click on the icon to the left of the current exchange pair.
And the chart is opened by touching two Japanese candlesticks in the right corner, indicators and alerts can be configured. And you can switch to full screen mode, adjust depth and time frame. The order book and margin data are shown below. The icons in the top right allow you to:
- Upload the chart or post it on social networks.
- Compare the markets.
- Add a page to favourites.
And after completing the technical analysis, you can proceed to the execution of the transaction. Simply click "Buy" or "Sell" in the bottom box. All types of orders available on the exchange are supported.
futures trading
The derivatives trading interface is not much different from the spot market. Futures contracts are available with USDT, altcoins, and cryptocurrency options. The two-share token is designed to transfer assets from the main portfolio to the futures portfolio. By clicking on the three dots on the left, you can go to the tabs:
- a story
- Favorite settings
- calculator
- commission
- the information
- Trading data
- Reward
- leaderboard
- Management
You can also work with leverage, but be careful. Cryptocurrency derivatives trading is a profitable but very risky venture. Without experience, you will likely lose your deposit quickly.
client wallet
The Portfolio tab consists of six sections:
Overview - displays information about the balance and distribution of funds. Deposits and withdrawals are available, as well as transfer from the main wallet to other sections.
The instant portfolio displays the funds available for trading in the spot market. And here you can get an address for replenishment, withdraw money from the exchange or transfer it to another branch.
Margin is a section for trading using leverage. And you need to activate the margin account and transfer a certain amount to this wallet. There is no "withdraw" button, and the funds are first transferred to the instant balance.
Futures - In order to trade in the futures market, you need to transfer the deposit amount to this account. BTC, ETH and BUSD are accepted, and profits are withdrawn to an instant wallet.
The P2P wallet as well as the pool wallet are now integrated into the "Deposits" tab.
Earn designed to monitor assets that generate passive income. Crypto can be deposited with a fixed or floating duration, in addition to participating in betting and other programs. All you have to do is activate one of the subscriptions and sleep well. And the stock market will work for you.
To view your account's transaction history, click the icon in the upper-right corner. Acquaintance with the Binance mobile app can be considered complete.
Pros and Cons of Binance App
- Positives
- availability
- reliability
- Wide range of services
- The ability to make quick decisions
- Negatives
- Limited graphical analysis options
conclusion
If you get used to the interface features, you can trade comfortably through your smartphone, and in some cases this option is vital. But it is still more convenient to work at a computer desk, so we recommend paying attention to the PC application. The desktop client for trading on the Binance platform provides an increased level of security for cryptocurrency trading.
The program is suitable for both experienced and novice traders. The customer gets access to any section of the Binance platform and no longer has to worry about hitting a phishing site, or not having time to buy or sell their cryptocurrency. To avoid problems, never download software from questionable sources. Download link :
The Binance mobile app is also great for quick market checks and small deals.
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