preloader

Blog

We are waiting for you with weekly updated exciting content on the topic of cryptocurrency trading. Here you can read Tradensea's latest blog articles.

December 12 2022 Cryptocurrency
Share

What does the term Binance trading bot mean?

If you are interested in crypto trading and Binance trading bot, this is the place for you! In the world of cryptocurrencies, there are many exchanges to choose from. Of the large selection, only a few can be considered reliable. Biance is a well known crypto exchange with a Chinese background. It is one of the largest exchanges in terms of turnover today.

What is Binance?

This crypto exchange was founded in China in the summer of 2017. It is owned by Beiji Technology. It was launched with an investment of almost fifteen million dollars. The company is headquartered in Hong Kong, but has interests in many parts of the world. It is the largest player in this market in terms of trading volume and daily users.

Why is it so popular?

There is a reason why it is one of the most popular cryptocurrency exchanges. They generally charge lower fees than other players in the market. Another advantage is that it offers a very large number of currencies to trade, with more than 200. The usability of the user interface is also outstanding. It is evident that considerable resources have been invested in developing the right user experience. Of course, there are drawbacks. Customer service has been the subject of much criticism. And the lack of a Hungarian language interface is cited by domestic customers as a flaw.

How can I trade on Binance?

The interface shows you which trading pairs you can use. The trading pairs are the most varied for bitcoin, ether, tether and Binance Coin (BNB), but there are almost 600 pairs to choose from in total. It is also possible to switch from fiat money to cryptocurrency, e.g. by card payment or SEPA transfer, or through integrated partners such as Paxos or Simplex. Of course, most of the trading is done via Bitcoin. Once you have chosen a merchant partner, you can then choose to buy cryptocurrencies. We can also look at their graphs and examine their historical data. Of course, you can also follow the current prices. 

Selling and buying is also easy, at the click of a button on the interface. That is, if you want to do it manually. If you change your mind and don't want to create a transaction at the price you've entered, you can cancel it by pressing the cancel button. By default, the system will deduct 0.1% for each transaction, but if you also have Binance tokens, you can set to pay with them after your trade. This allows you to trade on much more favourable terms, with a commission of 0.05%.

The Binance trading bot, or why use crypto bots on Binance?

Our automated trading software is an option for anyone looking for new investment opportunities and not afraid to take risks!

It pays to trade with automated bots on this crypto exchange too. In addition to the exchange's services, you can also use trading software from external providers. For example,  Tradensea's bots can also act as a bridge between traders and exchanges. They can also help you turn the Binance exchange into a passive source of income without having to sit in front of a computer day and night.

Is this system safe?

This exchange is considered one of the safest platforms. When you turn it on, you can only access your account with two-factor authentication and SMS notifications. Attempts to hack the system were made years ago, but of course failed due to the high level of security measures. 

This exchange is used by millions of people worldwide, with a huge daily trading volume. If someone wants to try trading now, it gives a pretty solid base to start from. It is compatible with all the most popular browsers. Importantly, you can use its services not only on desktop computers, but also on smartphones and tablets without any problems.

Tags

#trade;

#crypto;

#trading robot;

You may be interested in these

Cryptocurrency

Selling Ethereum - everything you need to know

December 12, 2022

Whether you bought it or mined it, sooner or later you may feel that the best thing to do is to sell Ethereum. You may have acquired it in the first place to trade it, you may have other reasons for doing so, but if you have, you'll want to know where, how and when to sell. This article will help you do that.

Cryptocurrency

Cryptocurrency: what is it and why should you care?

December 12, 2022

The question "Cryptocurrency, what is it?" is coming back from more and more places. Although at first it seemed like something the vast majority of people would have nothing to do with, we now somehow feel it's worth investigating what this particular currency is all about.

Cryptocurrency

Coin trade tutorial

December 12, 2022

Learn about coin trade methods! To trade cryptocurrency, you need to buy at a low price and sell at a higher price. As simple as it sounds, it is a complex business.

Disclaimer
The content of any communication by the Service Provider is based on a subjective opinion and is intended only for general, non-personalized information, orientation and educational purposes. The Service Provider is not considered an investment firm under section 4 paragraph (2) point 10 of Act CXXXVIII of 2007 on investment firms and commodity dealers hereinafter referred to as the Investment Services Act. and the Service Provider's activities are not regarded as investment analysis under section 4 paragraph (2) point 8 of the lnvestment Services Act or investment consultancy under section 4 paragraph (2) point 9 of the lnvestment Services Act.