Today, many people use exchanges to trade cryptocurrency because prices fluctuate so often. There are many different exchanges available, but today, the best way to specialize is by region and the most popular exchanges are Binance (China) and Coinbase (US).
Binance was founded in July 2017 by Changpeng Zhao in Shanghai, China. While Binance is smaller than other crypto exchanges with daily trading volume of $ 3.79 billion, China is the fastest growing country for cryptocurrency trading. So it made sense for Zhao to create a crypto exchange. In this article to teach beginners how to trade cryptocurrency, Zhao provides helpful descriptions of information that beginners should know when using Binance. Servers are in Hong Kong and Singapore to ensure connection stability and speed. It uses REST API for trading and deposits and withdrawals consist of a 2% flat-fee.
Structured as three paragraphs
Sending cryptoassets between eToro and Binance
Cryptocurrency trading can be an expensive endeavor. It’s imperative to take other factors into consideration, such as security and technical analysis. Therefore it’s advisable to maintain a diversified portfolio of coins to reduce risk.
Luckily, sending funds between wallets is rather easy, and in this blog we’ll review the process of moving cryptoassets from eToro to Binance.
What is eToro?
eToro is a platform for trading financial instruments and virtual currencies. It also has a cryptocurrency wallet for holding coins.
In this article, we will show you how to send cryptoassets from your eToro account to binance.
1) Click on the assets tab and then click “Transfer assets”.
2) Select “Send Assets Now”
3) On the next page, select Asset Type (Cryptoassets) and Target Account (Binance).
4) Use the dropdown menu underneath the Amount section and select your preferred currency, then enter the amount of that currency you wish to send.
5) Click “Next” and confirm your sending, if all is well you will receive a confirmation email and will be able to view your successful send transaction on the web or mobile app.