How to sign up on Binance and start earning money for beginners?

 

Introduction

     Nowadays, Cryptocurrencies have become one of the top topics discussed on the news, social media, and between people globally. People usually have searched for trading, Bitcoin, Binance, or something similar to those words. Seemingly, trading is a job of exchanging products, and Bitcoin is a digital coin, while Binance is a platform for world-leading cryptocurrency exchanging. So, the similarities between these words are very familiar, and in only one clear phrase we can puzzle it: Let's Trade Bitcoin on Binance.

    First of all,  as a beginner, you ought to sign up on Binance and set KYC (know your customer) to deposit and withdraw unlimitedly. Registration is very easy which only offers to add your whole info including name, address, verified phone, and email, plus KYC detail. Binance is a very secure website and you will ask to download its application to your smartphone due to complete KYC verification checking. In addition, you may ask to add 2-factor authentication for more security, and here you have a verified Binance account. In the second step, your account should have an amount of money due to join millions of trading members from around the world to start earning. There are 3 options to deposit via Fiat or via Crypto, or through P2P. Fiat is a currency such as GBP, EUR, USD...etc. You will have to use your virtual account to deposit an amount of money. However, depositing crypto is something different, so you have to select a coin such as BTC Bitcoin and deposit it to the network address. P2P is a short word of  Peer-to-Peer and this is the reality of digital coins that were created to deal with P2P. Therefore, you can buy and sell as a way of trading on Binance. P2P trading only offers to buy or sell USDT, BTC, ETH, BUSD, BNB, and DAI. After buying ETH ( Ethereum) for example as a newbie, you can convert from ETH to USDT (Tether), or any other currencies due to do Holding. In the third step, after depositing a currency or buying a coin, the time comes to start earning. Because the matter is similar here as trading in the market, being a seller or buyer to get your benefits. But as a newbie in the cryptocurrency world, I recommend you don't be risky and put your money in front of the oven unless you have a guide such as an expert friend showing you the brilliant way to earn in the market. To gradually complete this 3rd step, my advice is don't lose any penny on the market, you have to be a patient member and hold your coins. Let's consume that yesterday you bought a $100 value of bitcoin that equaled 0.0016 BTC, while today is getting down. You should hold and wait till getting up for 5% value as an example to sell for revenue. This way will definitely enhance your skills inside on world trading and you will not lose your balance. Another easy way to earn money without experience and can be very suitable for newbies is Staking. So, Staking simply requires you to lock up a coin several times and it looks like you stake an amount of money on a Bank to receive a profit depending on the amount. Also, in Binance you can stake an amount of currency to get a monthly profit. But, there are a few risks of staking crypto to realize before taking a step into {Crypto prices are volatile and can drop quickly}.

After investing money and getting a profit through trading, you probably need to withdraw unless you still want to double your investment. Anyway, there are 2 options to payout:

1. Doing a transaction to your bank account potentially, but before that, you have to convert crypto to currency such as Euro, USD...

2. Sell crypto on P2P and that is what actually many members do. The matter is like you buy crypto on Binance, the time comes to sell.

Case Study

Finally, Binance is a market that accepts buyers and sellers, winners and losers. You can be a buyer and a seller at the same time but be careful to not be a loser, especially at the beginning of your career. All depending on experiences and patience to be successful and make Binance site the source of a real income. The more money you invest the more profit you make.