How to trade on Binance
2021.08.26 08:05
Hi It's Unicorn
This time, we will guide you how to exchange Ripple to USDT, a stable coin, and then trade Bitcoin.
1. Deposit funds in your wallet!
➢ You can deposit funds from the domestic exchange to the Binance Exchange, and move funds to your wallet as follows.
➢ There are many currency can couple with Ripple that you can select in your wallet. Please choose the XRP/USDT pair which is highest trading volume in the market.
2. Enter the transaction page and exchange to USDT!
➢ You will enter the XRP/USDT trading page directly as below!
➢ Now I will sell Ripple Coins to exchange for USDT and trade other tokens!
➢ Select the method that you order (limited price / market price / stop limit) on the order window.
➢ Check the amount of Ripple that you want to sell, and you can exchange to USDT!
➢ In this example, I will sell all the Ripple I have at the market price.
➢ Here I finished exchanging Ripple to USDT!
3. Select the currency pair you want to trade!
➢ On Binance Exchange, you can trade BNB (Binance Coin), BTC (Bitcoin), ALT (Altcoin), and FIAT (Stable Coin).
➢ If it is difficult to find the pair you are looking for, just search in the search bar and you will find it right away!
➢ I'll show you how to find and trade BTC/USDT pairs!
4. Trade Bitcoin!
➢ You have entered the BTC/USDT trading screen as below!
➢ You can select the method and fill in the amount that you trade as follow.
➢ Here I'll buy 100 USDT of Bitcoin at the market price!
➢ The purchase has been completed!
➢ On the contrary, if you want to sell your BTC, you can fill in the amount of Bitcoin you want to sell.
USDT is a stable coin fixed at USD$1 = 1 USDT, and it can be seen as the key currency of the token market. It maintains in the TOP5 of market cap based on the statistics of coinmarketcap.
If your trading volume is a lot, you can lower your transaction costs and increase your returns by minimizing slippage! Therefore, we recommend you trade other currency pairs through USDT!
