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Binance – One Of The Best Exchanges?

Binance is becoming more and more popular. That’s not surprising. Here you have a simple platform with the best-known coins and low fees. Also positive is the app, which differs from the usual PC platform only in very few points. Whether Binance makes the difference or you log on to another platform is up to you. To make the decision easier, you can see the comprehensive test report on Binance vs Bitmex here: http://www.Bestbitcoinexchange.net/VS/binance.com+bitmex.com

One of the major crypto exchange platforms is called Binance. Here you can purchase a wide variety of digital coins. The range also includes smaller cryptic coins and thus sets itself apart from other exchange platforms on the Internet. As Binance is spoken in German, an analysis of the offer is certainly worthwhile in order to be able to examine the basic characteristics of the platform. Interested users can thus obtain a suitable overview and useful information on the topics of securities, payment methods, existing currencies and other characteristics.

Security is not neglected

The issue of security should be a top priority, especially for online file-sharing sites using Internet currencies. After all, we are dealing here with partially unregulated companies that rely on completely new systems. A comprehensive binance test must therefore also examine the existing precautions here. Accordingly, it is certainly worthwhile to first go into the company’s security instructions.

When you register, you should notice that you can connect your Google Account to your personal account. This helps you to make the login to the platform even more secure. Finally, additional authentication is required to gain access to the account. At first this sounds like a very simple step, but it can have a significant impact on the protection of data and assets.

  • The platform itself provides some essential hints on how to protect yourself. Four basic tips are mentioned. These also seem very logical at first, but there are always cases where users do not take these tips to heart and blindly trust supposedly helping hands. At no time should you pass on your password to anyone.
  • After all, this is highly sensitive data that can provide access to the account and thus to all cryptic assets. In the past, it has also happened that supposed Binance employees wanted to gain direct access to users. On dubious websites, you are sometimes asked to call any telephone numbers.
  • This should also be avoided under all circumstances. Especially, one should not come up with the idea of responding to any requests from alleged employees of the Group that money should be sent from the personal Binance Wallet to the Group. These are fraudulent intentions on the part of criminal actors. If you want to deposit money on Binance, you do so only through official channels.

You can proceed proactively by using Google’s two factor verification. Fortunately, this is supported by Binance. Depending on which end devices you own and want to use for trading, you also have to install talking virus programs. An up-to-date check should be carried out before logging in to rule out any threats.

What has now become understandable for many users for PC use should not be neglected for mobile applications either. All too often, users of apps forget to provide the important security through current programs. In order to protect yourself against malware, however, you should make use of the possibilities offered by the various marketplaces.

Only when these basic prerequisites have been met can one calmly start using the marketplaces. All in all, you should follow your attentive and logical expertise in order to complete your desired transactions safely and without any problems.

Simple verification and different payment methods

The Binance Exchange uses one of the largest companies on the planet to offer even more secure login and authentication. The so-called two factors authentication by Google ensures that the account is protected by an additional level of security.

Ultimately, the user does not need more than a smartphone for this, which is connected to the Google account. In addition to the regular login data, not only the normal password and user name are requested during the Binance login or registration, but also a special code that is sent to the mobile device. You must therefore have all the information you need to access the account.

  • This simple step means only a small extra effort, but is of blatant importance for the protection of personal assets. In order to activate this additional protection, click on the field in the appropriate area during registration. In the first step, the so-called Google Authenticator must then be loaded onto the mobile device. This can be done with iOS devices as well as with Android smartphones and tablets.
  • You will also be asked to scan the QA code, which you can then view on the platform. To complete the scan, you have to use the downloaded application. But you can also decide to enter the 16-digit key manually. Here it depends on the preferences of the user. In the personal area you can then create an account with special names for the Binance connection.
  • You will also receive your personal 16-digit key, which must be stored securely. This should not only be done digitally on the smartphone, as it can happen that it is stolen or lost. But to get access to the verification again, you need this key. If you have taken care of all the security precautions and, ideally, have also taken care of the Google verification, then you can deal with the payment methods of the platform.

To do this, you first log in and can then deposit money on Binance. You will find a button called “Deposit” in the menu. You can choose which coins you want to transfer to the platform. You will then be shown the corresponding Binance deposit address to which the tokens must be sent.

If a memo is required, it will be displayed directly on the platform. At this point, an extremely important note about the platform itself is permitted. The platform is a pure crypto currency exchange platform. Real currencies do not find a place here. In this respect, trading actually only happens if you already have other digital coins at your disposal.

Dollar or Euro cannot be exchanged for Internet currencies at this point. If you want to get more information about the offer, you can contact the support or do a short research on the platform itself. Here a step-by-step guide is provided on how to purchase the different crypto currencies in detail.

Numerous crypto currencies on offer

Binance is characterized by an extremely interesting characteristic. This is a pure crypto exchange. The purchase and sale of real currencies is not even possible here.

In order to gain access to the marketplace, you need one or the other digital currency. 52 different crypto currencies can be found on the platform and the value can be displayed in US dollars as well as in Chinese renminbi.

So you can estimate at any time, how the values develop permanently. In the first place stands the popular Bitcoin. It is the most expensive cryptic currency, but also the most widespread. Therefore, it is only logical that this coin is one of the most traded coins on Binance.

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Buying Ethereum – these possibilities exist

After Bitcoin, Ethereum (Ether) is the crypto currency with the largest market capitalization. The Ethereum exchange rate has rallied strongly in recent months. If you jumped on the bandwagon in time, you could turn a few hundred euros into several million. But what is behind Ethereum and how can you as an investor buy Ethereum?

Ethereum is a promising crypto currency

Ethereum is a success story that has no equal. Ethereum’s share price has climbed significantly faster than Bitcoin’s since its launch. While the best known crypto currency has been around since 2009, Ethereum did not see the light of day until mid-2015.

After a somewhat sluggish start, the Ethereum share price received a strong boost in 2017: While in January 2017 there were only nine dollars for an ethereum, an ethereum a few months later already cost more than 300 US dollars – an increase of more than 3,300 percent. On some days Ethereum now has a higher trading volume than Bitcoin.

Similar to Bitcoin, Ethereum is also based on blockchain technology. All transactions are written decentrally into the blockchain, so that all processes can be traced by any user at any time – this is to prevent manipulation, independent of institutional institutions.

Many experts predict a great future for Ethereum, for example Ronnie Moas, founder and analyst of Standpoint Research. According to Moas, the charts of the 20 largest crypto currencies in ten to 15 years could look exactly like the current charts of Amazon, Apple, Facebook, Google, Netflix or Tesla. These promising prospects are arousing the interest of more and more private investors in crypto currencies. There are several ways to buy the digital currency Ethereum. In the following we will discuss the advantages and disadvantages.

Buy genuine Ethereum

Crypto currencies were originally the answer of computer specialists to the monetary policy of central banks. Independently of state capital controls, Bitcoin, Ethereum & Co. were to be used to make anonymous payments. Payments should be made anonymously. Investors who attach particular importance to remaining anonymous should therefore invest in genuine Ethereum. The prerequisite for this is a so-called wallet.

A wallet is an electronic wallet and comparable to a current account. With a wallet you can make transfers and receive digital money. A transfer with Ethereum is basically no different from a conventional bank transfer, but you need a receiving address instead of an account number. There are hardly any fees because the digital currency is sent directly from person to person without an intermediate instance.

If you buy Ethereum from different providers, all Ethereums can be combined in one wallet. For everyday use, you can set up an Ethereum Wallet on your smartphone, but you can also store your electronic wallet on your tablet or PC.

Please note: Once you have downloaded an Ethereum Wallet and saved it on your device, you will be able to save it to your wallet.

Who would like to buy Bitcoin or Ethereum, can do this also on a so-called Ethereum or Bitcoin market place. The best known German provider is bitcoin.de. Here users can trade directly crypto currencies among themselves and with each other, the price results from supply and demand. Usually the prices are so relatively favorable for market place users.

As soon as an offer of a user is accepted by another user, the business comes off. Depending on the marketplace, this process costs a small fee, which is divided equally between the buyer and seller. As a rule, this fee is lower than the fee in exchange offices.

The best known digital currency Bitcoin and Bitcoin-Cash have long been tradable on bitcoin.de. Since short also the trade with Ethereum was added – however still in the closed beta test, the trade is thus so far not accessible to each user of the platform. In order to be able to act over bitcoin.de, investors should have an account with the Fidor bank. You should therefore take into account the time required to open an account including the video identification procedure.
Ethereum stock exchanges

There is another way to trade crypto currencies: Ethereum and Bitcoin exchanges (bestbitcoinexchange.net). Some of the best known exchanges are CEX.IO, Kraken and Bitstamp. You should note that the prices for Bitcoin, Ethereum & Co. on different trading platforms differ greatly from each other.

Trading on the stock exchanges works like this: you exchange conventional currencies such as US dollars or euros for ethereum. You simply specify how many coins or tokens you want to buy or sell at which price. If the exchange finds a suitable offer, the order is executed and credited to the customer. This is comparable to trading conventional securities such as shares or ETFs. Settlement is particularly easy on CEX.IO, where investors can also pay with credit cards such as VISA and MasterCard.

Tip: In contrast to the marketplaces described above, trading on the Ethereum exchanges is automated.

The easy way: Ethereum as CFD

Do you only want to participate in the value development of Ethereum? Then you can trade relatively easily through a CFD Broker Ethereum. As with a security, with an Ethereum CFD you participate directly in the development of the Ethereum price. If the exchange rate of the Internet currency rises, the value of your Ethereum CFD also rises.

  • With an Ethereum CFD, you do not physically own the crypto currency, so you do not own any digital coins or files.
  • You can leverage your Ethereum CFD for this.
  • If you leverage the factor 30, your Ethereum CFD will rise or fall 30 times as much as the “normal” Ethereum rate. Participation in a ratio of 1:1 without leverage is of course also possible.

A big advantage of the crypto CFD is that you get your money back quickly and at any time in the event of a sale. At various Bitcoin exchanges (for example bitcoin.de), however, there are daily payout limits. A payout of the capital can drag on there over several days. If you want to buy or sell Ethereum as a CFD, you can use eToro, for example. eToro offers credit card and PayPal deposits and transactions are executed immediately.

Of course you can also use any other CFD broker of your choice. Our CFD Broker Comparison and our Crypto Broker Comparison will help you find the right provider for you. The CFD Trading Guide will give you more information on trading CFDs.

Participate in the Ethereum course: The Ether Certificate

  1. If you want to buy crypto currencies but don’t want to open an account at a marketplace, you can also buy coins or tokens directly on the stock exchange.
  2. You can then participate in the development of digital currencies via a certificate. As with stock trading, you will need a securities custody account.
  3. A free securities custody account with excellent conditions is offered by www.finanzen-broker.net, among others.
  4. There you can invest in Ethereum by purchasing the participation certificate from XBT.

How can you buy Ethereum offline?

Not only can you buy Bitcoin, Ethereum & Co. via the Internet, you can also buy digital currencies offline for cash. Different platforms mediate meetings between private individuals, potential buyers, and traders, potential sellers, in the area. At Bitcoin-Treff.de, for example, Bitcoin investors can meet. But beware: trading is anonymous and unregulated. Select yourselves your trade partner thus completely exactly.

In the entire German-speaking area there are also regular meetings at which fans of crypto currencies exchange information about current developments and investment opportunities. Often these so-called Meetups provide opportunities to trade Ethereum, Bitcoin or one of the many other Internet currencies.

Occasionally there are even crypto automats, at which – comparable with a cigarette automat – Ethereum, Bitcoin & Co. can be “pulled”. For this you need the wallet described above, because you do not get an ethereum in physical form, for example as a coin, the digital money is rather stored in your virtual purse on the smartphone.

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Cryptocoin Investment Strategies For Beginners

Meanwhile, there are so many cryptocoins that especially beginners can no longer see the forest for the trees. Where should we start, which cryptocoins are safe and which investment strategies are suitable for beginners?