$100 welcome bonus on Binance
WHAT IS BINANCE?
Users can trade cryptocurrency on the platform which is the Binance. The majority of widely used cryptocurrencies are supported. To keep their digital currency, traders can use the crypto wallet offered by Binance. Users can earn interest or conduct transactions using cryptocurrency thanks to the exchange's supporting services. Additionally, it provides programs to assist traders and miners in making financial decisions. Binance Coin is the company's own blockchain-based coin (BNB).
Leading cryptocurrency exchange Binance is rewarding new customers with bonuses worth up to $100. Therefore, Binance's most recent promotion is a very strong case in their favor if you're seeking to start with cryptocurrencies and are still considering which exchange to utilize.
How to get the $100 welcome bonus on Binance?
You must complete all three steps of Binance's $100 welcome incentive within seven days of signing up for an account. Depending on how many of these stages you complete, you will either receive some prizes or none at all.
- Make a Fiat or P2P deposit larger than $50: $5 Cash Voucher reward
- Deposit more than $50 worth of crypto: $50 Spot Cashback Voucher reward
- Trade more than $100 worth of crypto: $45 Spot Cashback Voucher reward
1. Create an account on Binance
Of course, you'll need to sign up for a Binance account before you can begin. You should finish the registration procedure in a few minutes because it is quick and easy.
2. Verify your identity
All traders on Binance are now required to provide identification proof in order for the exchange to abide by the essential laws. You will need to successfully complete the KYC (know your customer) process in order to be eligible for the $100 welcome bonus. Your deposit and withdrawal limits will increase, you'll be able to order the Binance Card, take part in Launchpad token sales, and other perks when you verify your identity when using Binance.
3. Complete the given tasks
Under the "Task Center" area of your Binance profile, you may keep tabs on the status of the tasks that your account qualifies for.
1. $5 Cash Voucher
You must deposit $50 or more via the Fiat or P2P channels in order to receive the $5 Cash Voucher. The Fiat technique will be more suitable for the majority of consumers. By choosing "Buy Crypto" in the top left corner of the Binance interface, you can add fiat money. Then, based on the services that are offered in your area, you can select between "Card Deposit" and "Third-Party Payment."
2. $50 Spot Cashback Voucher
Within five days of opening your Binance account, deposit $50 or more in cryptocurrency to qualify for the $50 Spot Cashback Voucher. Select "Fiat and Spot" from the "Wallet" menu to add cryptocurrencies to your Binance account.
3. $45 Spot Cashback Voucher
You need to execute a trade worth $100 or more on Binance's Spot markets in order to receive the $45 Spot Cashback Voucher reward.
There are various approaches you can take here. We'll use making a trade using the "Classic" interface as our example. Choose "Classic" from the "Trade" option by going there.
Next, you can decide which trading pair to utilize (this will depend on which cryptocurrency you deposited to your Binance account). You can choose between various order types and indicate whether you're looking to purchase or sell under the "Spot" section.
Claim your rewards
You can visit the Reward Center to view your awards once you've finished the tasks you set out to do. You can use the coupons you have collected here. Enjoy the benefits!
CLAIM YOUR REWARDS AND REGISTER NOW HERE IN BINANCE.
There are three different kinds of trading orders in the Binance environment:
1. Limit Order
A limit order would adhere to the limit price specified by the trader if it were to be carried out. For instance, if a trader wants to purchase a cryptocurrency using a limit order, he will specify the highest price he is prepared to pay. They would therefore be able to purchase their currency at that maximum price or a price that is lower.
A trader will similarly set a minimum price restriction at which he is willing to sell any of his bitcoin if he plans to do so. As a result, he would be able to sell his currency for that amount or more.
2. Market Orders
When you make a market order on Binance, you buy or sell any cryptocurrency at the best available price on the exchange's market. As you can execute profitable trades quickly, it is regarded as one of the most reliable trading methods.
3. Stop-limit Orders
A stop-limit order specifies a time restriction for the trade to occur. This kind of order, which combines stop and limit characteristics, aids traders in reducing risks. With a stop order, traders can buy or sell their cryptocurrency holdings after the price has beyond a specific threshold. The specifics of a limit order have been covered above.
The stop order and the limit order work together in this form of order to provide traders with the greatest currency trading experience. The stop order changes into a limited order when the stop price is reached.
Binance Coin (BNB)
The internal token of the platform is called Binance Coin (BNB). On the Binance exchange, it is employed to facilitate cryptocurrency trading. The coin was introduced in July 2017 via an initial coin offering (ICO). Binance distributed 100 million BNB tokens to all ICO participants, 20 million BNB tokens to angel investors, 80 million BNB tokens to the founding staff.
One-third of the cash raised during the ICO process went toward building the Binance platform and making required improvements to the Binance ecosystem, while the remaining two-thirds were allocated to branding and marketing for Binance.
Other Services of Binance
Binance provides additional tools, platforms, and services in addition to exchange-specific offerings. Here are a few of them:
Binance Earn is a mechanism for depositing stablecoins with the exchange in order to stake them or earn interest. The exchange provides investors with a variety of alternatives and interest rates for these coins, depending on the coin and the tenure.
A credit card called the Binance Visa Card enables customers to exchange their bitcoin for fiat money and then use that money to buy goods and services. Although there are no administrative fees associated with the conversion, there are third-party expenses in the form of payment network fees.
With the use of the Binance Smart Pool, miners can move between various cryptocurrencies to maximize and increase their mining profits.
A blockchain technology incubator run by Binance named Binance Labs is dedicated on fostering promising pre-ICO stage startups. By offering the necessary funds for development, advising resources, and a launchpad for any required listing and fundraising activities, it supports meritorious cryptocurrency project teams.
For the hosting of fresh and developing blockchain projects as well as API interfaces, Binance additionally provides a website called LaunchPad. 64 projects had been launched as of July 2022.
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