Where to Start on Binance: A Complete Beginner's Guide to Crypto

[00:10] full but at the same time brief tour of the currency script and how to buy, withdraw, transfer, in general, various operations with it, how to actually make money on it, what are the risks, in general, everything for beginners from

[00:23] the beginning to the last point, we will go through, I hope this video will be interesting for you. My name is Grigory, this is the Investment Start project, let's get started. So,

[00:38] First of all, you need to choose a crypto exchange on which you will conduct your work. You can directly type in the search engine the best crypto exchange for 2022, or if you watch this later, here you can find the exchange that

[00:53] interests you. They differ mainly in that each exchange has different coins, somewhere there are more, somewhere there are fewer, on different ridges, there are different methods of depositing and withdrawing funds. In some places you can withdraw absolutely

[01:07] all coins, absolutely all fiat funds, in some places this is not possible, but in general, just choose a top crypto exchange. Basically, everyone works on Benassi. I have recently seen that some people are going financially Also on o kekx,

[01:21] in principle, everything from the top is acceptable for work and here you can choose it. I personally work at benassi, so I will give an example of what needs to be done according to the register on the ben once crypto exchange. You can find the

[01:35] registration link either in a search engine or follow the link in the description to avoid running into fraudulent links. In this case, you will receive a discount on the commission using my referral link. Whether you need it or not is up to you to decide. Share.

[01:47] I offer you several ways to quickly register. Accordingly, the standard registration form that you must complete includes an email password and everything of this kind, and then your account will already be created. Take care of the security of

[02:00] your account because this is work with finances; you will be depositing and withdrawing funds, and you will have all your data there, and it is very bad to refuse this if someone tries to steal your account, and unfortunately, everything can be limited to more than

[02:14] just the theft of your funds to wallets. To do this, go to your profile, go to the security section, and here go through verification so that your identity is established on the account. You go through all this, increase the limits, and immediately

[02:27] Use some kind of confirmation when logging into your account, either a Google ID, phone number verification, or email confirmation. You can enable all sorts of methods, but each time there will be unnecessary

[02:41] confirmation. But at the same time, guys, this is both your security and the security of your personal funds. After you have verified your account and everything has been completed, you need to top it up. There are several ways: directly from a card or through

[02:54] Pitu Pierre. Here you choose the method yourself. You can top up from a card directly, but this method has a minus in the form of a commission. In those cases, it will be charged those cases, it will be charged as 3.3 percent. Another more

[03:08] popular method that everyone uses is topping up through Pitu Pep. You go to the trade and stupid, and here you choose what you need to buy or sell cryptocurrency. Because you want to top up, you choose to buy, and then in

[03:22] this list you choose what exactly you want to buy. I would advise you to immediately top up in UCD and To Stay Bal Coin. Roughly speaking, a cryptocurrency that is pegged to the dollar and has the same nominal value. In general,

[03:36] here you choose the amount you want to top up. For example, this is 10,000. rubles, then or before that, vice versa, you select the currency in which you want to top up what you will transfer to receive cryptocurrency rubles, hryvnias

[03:50] and Belarusian rubles and many many other options here are basically all the possible ones that you can only know and then select the method you will pay, most likely it is Sberbank, Tinkoff or Alfa-Bank, the most

[04:04] popular bank, but there are many others here, for example, you choose Sberbank, then it shows you a list of sellers from which you can choose with whom you will conduct this exchange, what you need to look for here is that there is a fairly

[04:17] percentage of execution, Vatel is more than 95 percent, I will tell you from experience that here you should absolutely not worry. I had the only way when I withdrew funds from my account, they did not transfer the money to me, but at the same time they

[04:33] already wanted to write off the cryptocurrency from me when I again had not received the funds for it, all this in the event of such errors, although they do happen, guys, again, one situation for hundreds of similar moments, everything is resolved quickly and through

[04:47] support and here you should absolutely not worry, then you click buy UCD, enter the amount you want to pay and it will show you how much you are for Get this, go to the purchase process, enter the card number that is

[05:02] shown to you, just go to Sberbank Online on your phone, transfer money to this person and here click that you have transferred, then the cryptocurrency is transferred to you. The process may seem a little dubious at first glance, but

[05:16] absolutely no need to worry here, everything here goes through strict checks after decide how you will trade cryptocurrencies. The two main methods are spot trading and futures trading. Spot trading, explained in

[05:32] simple terms, you simply buy a coin and wait for it to rise or, conversely, fall and, accordingly, want to sell it and take some percentage of the profit, for example, you want to buy Bitcoin now at 37 thousand dollars, you

[05:46] think that it will be at 100,000 dollars and you just want to take this profit of one hundred and seventy percent and then sell this coin. This is spot trading, for this you go to the trading section, advanced trading and enter the coin

[06:01] you want to buy, for example, it is Bitcoin, or it can be Dash or Litecoin, absolutely any other coin and once You executed your order from dt to, select a once You executed your order from dt to, select a pair here to yu with dt no bitcoin,

[06:14] replenished, and accordingly, choose to buy or a limit order, that is, specifically at the price that you enter. For example, I don’t want to buy enter. For example, I don’t want to buy bitcoin at 37,662, I want to buy it

[06:28] at exactly 30 thousand dollars, and you make it so that the system automatically executes your order when the price of this quote approaches. If you want to buy right now and instantly, you select market here and, accordingly, make a

[06:42] purchase here for the amount of dollars that you want. You should also have several wallets within your account. Initially, money comes to the replenishment wallet, and if you want to buy for sleeping, you need to transfer it to your

[06:56] main account. Or the second way to trade futures is to transfer either to futures and SDM or to futures KNM so that this does not become some kind of problem for you, you just click transfer here and choose from which wallet to

[07:11] which and transfer which coin and in what amount. This is done as simply as possible in general. The second way to trade futures is to use leverage. For example, you have little funds and want to

[07:24] $100, but you want to enter into a trade with a thousand, or maybe even ten thousand dollars, to earn more. Of course, you can earn more, but remember that you can also quickly lose this money

[07:38] because the losses will be proportional. Of course, if the price goes up, you will earn as if you had bet a thousand or ten thousand dollars. You wanted $100 in real money, but you can also lose just as

[07:52] quickly. One small movement and proportionally, you immediately lost all that money. Regarding sweat trading, you cannot lose this money. There is no point and liquidation, as you can call it, and even if the coin

[08:04] takes and falls by 99 percent, you essentially will not even lose the entire amount of funds because you will have one percent left. You can switch to derivatives futures SDM and start this futures trading here. I

[08:18] would immediately advise creating different accounts for different types of work in order to distribute More competent trading and a little protection for yourself by diversifying your overall funds that you invest in

[08:32] cryptocurrency. Of course, at first, you should forget about this altogether, so only with deadlock trading, to begin with, learn to be in the market, learn to understand the market, learn to monitor the market and not make hasty decisions. So,

[08:48] to begin with, only spot trading. So, you have registered an account, understood how to top up, understood how to trade. Now, let's use the tools for work. For analysis, the Trading View website is suitable for you. Here you can find

[09:00] coin charts and track their current status, conduct technical analysis and make decisions from it. Here, by searching, you can find any coin, be it Bitcoin or any other altcoin, and conduct their analysis.

[09:15] Further, on the right, you can create a list of these coins here, add them, and also through the plus sign, so that you have everything in quick access, so that you don't have to search for a bunch of different coins every time, but simply

[09:29] you would save your analysis. More detailed settings for Trading View are on my channel. I will leave this video in the description to In this video, in order to find a chart for the entire history of a coin, unfortunately, we

[09:43] don't display many coins for the entire history on trading you. I would advise you to use the site charts coin trader pro. You can also find it by the link in the description. If you need to see a chart for the full history of a coin, then go here.

[09:57] For example, I have a chart for Litecoin on Trading View for May 4, 2020, but I want to see its full history. When I want to conduct such an analysis, I go to Chart Coin Trader Pro, enter LTC here,

[10:11] go to Litecoin to the dollar, and see the same chart here starting from 2013. I understanding of where we are now, where we can get a reversal and what

[10:23] the prospects for the coin are. Therefore, for analyzing coins over the past year or two or several years, trading you will suit you. If you want to see the full history of a coin once, if you need it, then go to Charts Queen Trader Pro.

[10:37] Then the second main site that you simply need is Coin Market Co. Here you can find information on any coin you are interested in. Found some For example, a coin, this would be the same Bitcoin. Go and search and

[10:50] look here for all the necessary information on those project websites. capitalization, find the intraday trading volume, find the circulating volume. These are all important indicators that you will take into

[11:04] account. Find information about what kind of coin it is. Here you can search the project websites, the project community, Twitter and Reddit, and everything that can be useful for you in analyzing before making a

[11:18] purchase decision. So, let's move on to the end with the analysis. We've figured it out. You will in tools. I just said the two most important ones. Here you will then analyze which websites you will use. This will all come in the

[11:33] process. Everyone uses completely different tools. It's not that everyone uses a specific set. They mainly use STI trading and CoinMarketCup, and then everything is at their discretion. So, let's figure it out,

[11:45] guys, in order to receive cryptocurrency, someone wants to transfer Bitcoin to you, there's Teezer or something else, you go to your wallet and Click here, select the coin you want to receive. For example, a friend

[11:59] told you, "Let me transfer you Bitcoin." Here you first select the coin, and then, it's important, guys, specify the network in which the transfer will be made. Each network itself differs in the time it takes to transfer the commission during the transfer.

[12:13] You also need to take this into account. Here you receive this wallet and, accordingly, send it to the person from whom you want to accept the payment. The same applies to the transfer. Click "Withdraw." Also, select the coin you want to

[12:26] transfer. For example, you want to transfer UTC from DTC. Enter the person's address, enter the person's network. As a rule, everyone uses TRC 20, this is the minimum commission and a fast transfer. Then, having entered this data, you actually transfer

[12:40] the cryptocurrency, confirming it with the security measures you set up in your profile. If you are, of course, investing for the long term. Of course, I would advise you not to keep money on the exchange, especially if these are large sums, and to

[12:53] immediately get wallets. There are online wallets here. I would advise you to trust. You can, of course, look again at the top wallets that are currently available, or if you want a secure one, Team Flax. The most popular way is to

[13:07] get an offline wallet, of course. The ledger is where you buy a flash drive with access that only you have. It's right in front of you, and no one can steal it from you online. You insert it into your computer,

[13:21] gain access to your wallet through a phrase that only you know, and then you remove the flash drive from your computer, put it back in your drawer, safe, or wherever convenient, and no one can access your wallet.

[13:36] Even if it's physically stolen, there will be a long phrase there that, again, only you know. This is, of course, information for the future, if you cryptocurrency with a large amount of funds and for many, many years. So, guys, I

[13:51] hope this guide was interesting for you, and I will be making a series of such videos. Many newcomers come to this area and ask basic questions, so I tried to answer them. Write your questions

[14:04] in the comments if you still have them. I will try to answer them. Watch the evening market analysis. I just decided to diversify the content a little and try to film futures and many, many other areas of cryptocurrency work.

[14:18] I wish everyone the best of luck and bye luck and bye [music] now [music]