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Binance Tutorial For Beginners

Photo by Vadim Artyukhin on Unsplash

Application Overview

Binance Home Screen

Basic terminologies

  1. The green color indicates a rise in the price, Red Color indicates a decrease in the price.
  2. Each cryptocurrency has a symbol name.For example symbol name of Cardano is ADA, Bitcoin is BTC, Ethereum is ETH.
  3. While buying and selling we will see different pairs of currencies separated by a “/”. For example, BTC/USDT while buying means that you want to exchange your USDT with BTC( USDT equivalent BTC), and BTC/USDT while selling means that you want to exchange your BTC with USDT( BTC equivalent BTC). Trade BTC with the pair USDT. It is recommended that you trade with a stable cryptocurrency like UDST, BUSD , USDC, etc. though binance supports trading with ETH, BTC, BNB, stable coins, etc.

Understanding the candles in the graph.

  1. Limit
  2. market
  3. Stop limit
  4. Oco
  1. Limit

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