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Oct 10, 2022
How to verify and protect your Binance account
Binance is one of the most widely used platforms for buying and selling cryptocurrency worldwide. From the app, you can buy and sell hundreds of cryptocurrencies and send them from and receive them to your unique address(es). Among the currencies available, you will find Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Binance USD (BUSD), Polkadot (DOT), Cardano (ADA), Shiba Inu (SHIB), Solana (SOL), Polygon (MATIC), and many more.
In the trading section of each cryptocurrency, you can see how prices are evolving in real-time. You can make purchases at the market price or the price you want. You can also use advanced technical analysis tools, such as bar charts and the bid and ask volume at each cost, to ensure you get the most out of each cryptocurrency.
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To buy cryptocurrencies, Binance allows you to use fiat currency or other cryptocurrencies. The conversion of money, such as the dollar or euro, to other cryptocurrencies involves a small fee charged by Binance in exchange for providing access to cryptocurrencies.
To create an account at Binance, you must provide a large amount of personal data. In addition, you will have to scan an actual identity document, as well as take a photo with the front camera of your device to ensure that you are the one who is registering.
If you want to buy and sell cryptocurrencies securely from your smartphone, you can download the Binance APK.
Requirements (Latest version)
- Android 5.0 or higher required
Frequent questions
Is it safe to use Binance to buy and sell cryptocurrencies?
Yes, it's safe to use Binance to buy and sell cryptocurrencies. The platform has two-step authentication when accessing your account, end-to-end encryption, and protections in place to prevent attacks. They also monitor real-time activity to prevent unauthorized access.
Is Binance more secure than Coinbase?
Both Binance and Coinbase have some of the most advanced protections in the cryptocurrency world. Both platforms are secure, but Coinbase offers more flexibility when it comes to withdrawing fiat money from the platform.
Who charges less commission, Binance or Coinbase?
Binance charges lower fees for converting fiat money to cryptocurrencies than Coinbase. As a result, you can save money if you do this type of exchange frequently. If you're going to send money between platforms, it's advisable to do so with cryptocurrencies that charge low fees.
Does Binance charge you to keep an inactive account open?
No, Binance does not charge you to keep an inactive account open. You can store cryptocurrencies on your account with the peace of mind that whatever amount you have will stay put. That said, it's safer to store cryptocurrencies in a wallet without an Internet connection.
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