How to Trade and Withdraw from Binance

How to Trade and Withdraw from Binance


How to Trade at Binance


How to Trade Spot on Binance Web App

Visit our Binance website (www.binance.com), click on [Log in] at the top right of the page to log into your Binance account.
How to Trade and Withdraw from Binance
Then click on any cryptocurrency on the home page, and go directly to the corresponding spot trading page.
How to Trade and Withdraw from Binance
Here is the trading page interface.
How to Trade and Withdraw from Binance
  1. Binance Announcements
  2. Trading volume of trading pair in 24 hours
  3. Sell order book
  4. Buy order book
  5. Candlestick chart and Market Depth
  6. Trading Type: Spot/Cross Margin/Isolated Margin
  7. Type of order: Limit/Market/Stop-limit/OCO(One-Cancels-the-Other)
  8. Buy Cryptocurrency
  9. Sell Cryptocurrency
  10. Market and Trading pairs.
  11. Your latest completed transaction
  12. Market Activities: large fluctuation/activities in market trading
  13. Open orders
  14. Your 24h order history
  15. Binance customer service
Let’s take an example to buy BNB. On the top of the Binance home page, click on the [Trade] option and select [Classic] or [Advanced]. Go to the buying section to buy BNB and fill in the price and the amount for your order, then click on [Buy BNB] to complete the transaction.

You can follow the same steps to sell BNB.
How to Trade and Withdraw from Binance
  • The default order type is called a limit order. But if traders want to place an order as soon as possible, they may switch to [Market] Order. By choosing a market order, traders could make a transaction instantly at the current market price.
  • If the market price of BNB/BTC is at 0.002, but you want to buy at a specific price, for example, 0.001, then you can place a [limit] order. When the market price reaches your set price, your placed order will be executed.
  • The percentage shown below the BNB Amount box refers to the amount of BTC you wish to use to buy BNB.Put the amount and buy crypto.

How to Trade Spot on Binance Mobile App

Log in to the Binance App, click on [Trade] to go to the spot trading page.
How to Trade and Withdraw from Binance
Here is the trading page interface.
How to Trade and Withdraw from Binance
1.Market and Trading pairs.

2.Real-time market candlestick chart, supported trading pairs of the cryptocurrency, “Buy Crypto” section.

3.Sell/Buy order book.

4.Buy/Sell Cryptocurrency.

5.Open orders.

You can use "Limit order" to buy BNB.
How to Trade and Withdraw from Binance
  1. Insert 0.002 BTC for the price.
  2. Select 100% for the quantity.
  3. Once the market price of BNB reaches 0.002 BTC, the “Limit” order will be completed, and you will have 1 BNB in your spot wallet.

You can follow the same steps to sell BNB.

NOTE:
  • The default order type is called a limit order. But if traders want to place an order as soon as possible, they may switch to [Market] Order. By choosing a market order, traders could make a transaction instantly at the current market price.
  • If the market price of BNB/BTC is at 0.002, but you want to buy at a specific price, for example, 0.001, then you can place a [Limit] order. When the market price reaches your set price, your placed order will be executed.
  • The percentage shown below the BNB Amount box refers to the amount of BTC you wish to use to buy BNB.Put the amount and buy crypto.

How to Use the Stop-Limit Function


What is a stop-limit order?

A stop-limit order is a market order that has both a stop price and a limit price. When the stop price is reached, it triggers the limit order. The limit price is the specific price of the limit order the stop price triggers.

Once your stop price has been reached, the limit order is immediately placed on the order book.

The stop and limit prices can be the same. However, it’s recommended for sell orders to set your stop price (trigger price) slightly higher than the limit price. The price difference allows for a safety gap in price between the time the order is triggered and when it is fulfilled.

For buy orders, set your stop price slightly lower than the limit price. This will also reduce the risk of your order not being fulfilled.

SL (stop-limit) terms and mechanics

Stop price: When the asset’s price reaches the given stop price, the stop-limit order is executed to buy or sell the asset at the given limit price or better.

Limit price: The selected (or potentially better) price that the stop-limit order is executed at.

Quantity: The quantity of assets to buy or sell in the stop-limit order.

Worked Example

The last traded price of BNB is 498 BUSD, and you feel that there is resistance around 500 BUSD.

If you think that the price will go higher after the price reaches the resistance level, you can put a Stop-Limit order to automatically buy more BNB at the price of 502 BUSD. This way, you won’t have to continuously watch market movements waiting for the price to reach your target price.


How to create a stop-limit order

Continuing with our example, we will look at exactly how you can make a stop-limit order

1. Select [Stop-limit] from the trading view to begin making your order.
How to Trade and Withdraw from Binance
2. Fill in the details of your stop price (trigger price), limit price for the triggered limit order, and the amount of crypto you wish to purchase. Click [Buy BNB] to confirm the details of the transaction.
In our example, the stop price is 500 BUSD and the limit price is 502 BUSD.
How to Trade and Withdraw from Binance
3. Double check your stop-limit order carefully before finally clicking confirm to submit it to the exchange.
How to Trade and Withdraw from Binance
View existing stop-limit orders

Once your orders have been submitted, existing ‘stop-limit’ orders can be found and reviewed in [Open Orders]. You can find this tab at the bottom of the trading view page.
How to Trade and Withdraw from Binance
When orders are executed or discarded, your stop-limit order history can be found under [Order History].

How to Withdraw at Binance


How to Withdraw Crypto

In this example, we will be withdrawing BNB to Trust Wallet.

1. Log in to your Binance account. Once you’re logged in, move your mouse to Wallet, and click on Fiat and Spot.
How to Trade and Withdraw from Binance
2. Click on Withdraw.
How to Trade and Withdraw from Binance
3. Select the Crypto tab.
How to Trade and Withdraw from Binance
4. Choose the cryptocurrency you’d like to withdraw.
How to Trade and Withdraw from Binance
5. If the cryptocurrency is issued on multiple networks, select which one you’d like to make your withdrawal on.

For example, BNB is issued on Binance Chain as a BEP-2 token, and on Binance Smart Chain (BSC) as a BEP-20 token. As such, if you’d like to withdraw to a BEP-2 address, choose the BEP-2 option. Be extra careful with this step. If you withdraw to the wrong address, you will lose your funds.
How to Trade and Withdraw from Binance
6. Tap on BNB in your Trust Wallet.
How to Trade and Withdraw from Binance
7. Tap on Receive.
How to Trade and Withdraw from Binance
8. Copy your BNB address.
How to Trade and Withdraw from Binance
9. Paste it on the Binance withdrawal page (Address).
How to Trade and Withdraw from Binance
10. Enter the withdrawal amount and you will be able to see the corresponding transaction fee and the final amount you will receive. Click [Withdraw] to proceed.
How to Trade and Withdraw from Binance
11. You need to verify the transaction. Please follow the on-screen instructions.

Warning: If you input the wrong information or select the wrong network when making a transfer, your assets will be permanently lost. Please make sure that the information is correct before you confirm the transaction.

12. After confirming the withdrawal request, please wait patiently for the transfer to be processed. The funds will be credited to your Binance account shortly after.

How to Withdraw Fiat Currency

Binance supports more than 60 fiat currencies and multiple different payment methods.

1. Log in to your Binance account. Once you’re logged in, move your mouse to Wallet, and click on Fiat and Spot.
How to Trade and Withdraw from Binance
2. Click on Withdraw.
How to Trade and Withdraw from Binance
3. Select the Fiat tab.
How to Trade and Withdraw from Binance
4. Select the fiat currency you’d like to withdraw and the payment method. Binance supports credit cards, debit cards, bank transfer, or cash balance.

*The payment method is based on your selected currency and region.
How to Trade and Withdraw from Binance
5. Enter the required details and follow the instructions.
How to Trade and Withdraw from Binance
6. Enter your verification code to confirm the withdrawal.
How to Trade and Withdraw from Binance
How to Trade and Withdraw from Binance

How to Sell Crypto on Binance P2P


Sell Crypto on Binance P2P by Web App

Step 1: Select (1) “Buy Crypto” then click (2) “P2P Trading” on the top navigation.
How to Trade and Withdraw from Binance
Step 2:
Click (1) "Sell" and select the currency you want to buy (USDT is shown as an example). Filter the price and the (2) “Payment” in the drop-down, select an ad, then click (3) "Sell".
How to Trade and Withdraw from Binance
Step 3:
Enter the amount (in your fiat currency) or quantity (in crypto) you want to buy and click (2) "Sell".
How to Trade and Withdraw from Binance
Step 4:
The transaction will now display “Payment to be made by buyer”.
How to Trade and Withdraw from Binance
Step 5: After the buyer makes payment, the transaction will now display “To be released”. Please make sure that you’ve actually received payment from the buyer, to the payment app/method you used. After you confirm the receipt of money from the buyer, tap “Confirm release” and “Confirm” to release the crypto to the buyer’s account. Again, If you have not received any money, please DO NOT release crypto to avoid any financial losses.
How to Trade and Withdraw from Binance
How to Trade and Withdraw from Binance
Step 6: Now the order is completed, the buyer will receive the crypto. You can click [Check my account] to check your Fiat balance.

Note: You can use Chat on the right side to communicate with the buyer in the whole process.
How to Trade and Withdraw from Binance
Note:
If you have any issues in the transaction process, you can contact the buyer using the chat window on the top right of the page or you can click "Appeal" and our customer service team will assist you in processing the order.
How to Trade and Withdraw from Binance
Tips:
1. Please make sure to log in to your account to confirm the payment is received, this can avoid financial losses caused by wrongly clicking on the release button.

2. The digital assets you are selling have been frozen by the platform. Please confirm the receipt of the payment from the buyer and click “Release” to release the crypto.

3. Please do not agree to any request to release the crypto before confirming the receipt of the payment to avoid financial losses.

4. After receiving the SMS notification, please be sure to log in to your bank account to confirm whether the payment is credited, this will avoid the release of crypto due to Fraud SMS.

Sell Crypto on Binance P2P by Mobile App

You can sell cryptocurrencies with ZERO transaction fees on the Binance P2P platform, instant and secure! See the guide below and start your trade.

Step 1
First, go to the (1) “Wallets” tab, click (2) “P2P” and (3) “Transfer” the cryptos that you want to sell to your P2P Wallet. If you already have the crypto in the P2P wallet, please go to the homepage and tap “P2P Trading” to enter P2P trading.
How to Trade and Withdraw from Binance
Step 2

Click “P2P Trading” on the app homepage to open the P2P page on your app. Click [Sell] on the top of the P2P trading page, select a coin (taking USDT as an example here), then select an advertisement and click “Sell”.
How to Trade and Withdraw from Binance
Step 3
(1) Enter the quantity you want to sell, (2) select a payment method, and click “Sell USDT” to place an order.
How to Trade and Withdraw from Binance
Step 4
The transaction will now display “Pending Payment”. After the buyer makes payment, the transaction will now display “Confirm Receipt”. Please make sure that you’ve actually received payment from the buyer, to the payment app/method you used. After you confirm the receipt of money from the buyer, tap “Payment received” and “Confirm” to release the crypto to the buyer’s account. Again, If you have not received any money, please DO NOT release crypto to avoid any financial losses.
How to Trade and Withdraw from Binance
How to Trade and Withdraw from Binance

Note:
If you have any issues in the transaction process, you can contact the buyer using the chat window on the top right of the page or you can click "Appeal" and our customer service team will assist you in processing the order.
How to Trade and Withdraw from Binance

Frequently Asked Questions (FAQ)


Why has my withdrawal now arrived?

I’ve made a withdrawal from Binance to another exchange/wallet, but I haven’t received my funds yet. Why?

Transferring funds from your Binance account to another exchange or wallet involves three steps:
  • Withdrawal request on Binance
  • Blockchain network confirmation
  • Deposit on the corresponding platform

Normally, a TxID(Transaction ID) will be generated within 30-60 minutes, indicating that Binance has successfully broadcasted the withdrawal transaction.

However, it might still take some time for that particular transaction to be confirmed, and even longer for the funds to be credited into the destination wallet. The amount of required network confirmations varies for different blockchains.

For example:
  • Bitcoin transactions are verified that your BTC is deposited into your corresponding account after reaching 1 network confirmation.
  • Your assets are temporarily frozen until the underlying deposit transaction reaches 2 network confirmations.
Due to possible network congestion, there might be a significant delay in processing your transaction. You may use the transaction ID (TxID) to look up the status of your transfer by using a blockchain explorer.

Note:
  • If the blockchain explorer shows that the transaction is not confirmed, please wait for the confirmation process to be completed. This varies depending on the blockchain network.
  • If the blockchain explorer shows that the transaction is already confirmed, it means that your funds have been sent out successfully and we are unable to provide any further assistance on this matter. You would need to contact the owner/support team of the destination address to seek further help.
  • If the TxID has not been generated 6 hours after clicking the confirmation button from the e-mail message, please contact our Customer Support for assistance and attach the withdrawal history screenshot of the relevant transaction. Please make sure you have provided the above information so the Customer Service agent can assist you in a timely manner.


How do I check the transaction status on the blockchain?

Log in to Binance.com, click on [Wallet]-[Overview]-[Transaction history] to find your cryptocurrency withdrawal records.

If the [Status] shows that the transaction is “processing”, please wait for the confirmation process to be completed.
How to Trade and Withdraw from Binance

If the [Status] shows that the transaction is “Completed”, you can click on [TxID] to check the transaction details in a block explorer.
How to Trade and Withdraw from Binance
How to Trade and Withdraw from Binance


Withdrawal to a Wrong Address

Our system initiates the withdrawal process as soon as you click on [Submit] after passing security verification. Withdrawal confirmation e-mails can be identified by their subject lines starting with: “[Binance] Withdrawal Requested From……”.
How to Trade and Withdraw from Binance
If you’ve mistakenly withdrawn funds to the wrong address, we are unable to locate the receiver of your funds and provide you any further assistance. If you have sent your coins to an incorrect address by mistake, and you know the owner of this address, we recommend you to contact the customer support of that platform.


Are the offers I see on P2P exchange provided by Binance?

The offers you see on the P2P offer listing page are not offered by Binance. Binance serves as a platform to facilitate the trade, but the offers are provided by users on an individual basis.


As a P2P trader, how am I protected?

All online trades are protected by escrow. When an ad is posted the amount of crypto for the ad is automatically reserved from the sellers p2p wallet. This means that if the seller runs away with your money and does not release your crypto, our customer support can release the crypto to you from the reserved funds.

If youre selling, never release the fund before you confirm that you have received money from the buyer. Be aware that some of the payment methods buyer use are not instant, and may face the risk of callback.
Thank you for rating.
Source: Binanchain - binanchain.com | How to Trade and Withdraw from Binance - https://binanchain.com/how-to-trade-and-withdraw-from-binance-05133283
REPLY A COMMENT Cancel Reply
Please enter your name!
Please enter a correct email address!
Please enter your comment!
The g-recaptcha field is required!

Leave A Comment

Please enter your name!
Please enter a correct email address!
Please enter your comment!
The g-recaptcha field is required!