Binance is one of the top online exchange platforms where you can buy, sell and trade your cryptocurrencies. See it as a digital marketplace with many aspects of trading. Aside from trading, Binance has made withdrawal and deposit transactions available for you. Bank transfers, credit /debit card, E-Wallet, and P2P trading payment options all at your disposal. Payment methods depend on your region, and you may be charged an extra fee for any transaction you make, depending on the payment method used. However, Binance does not support all countries.
To earn in cryptocurrency, you’ll have to solve mathematical problems more like crypto puzzles which is being added to a blockchain. This process is known as mining and it doesn’t come easily because you’ll have to solve difficult cryptogram, decoding the puzzzle and also trying to figure out the best way to get the problem solved. Mining in cryptocurrency is more than just solving crypto puzzles, you’ll have to be skilled and have good knowledge about what you’re doing before you can make great progress in it.
You’ll have to think deeply, and sometimes it might take you days or perhaps weeks before you can come up with the solution. If you like hitting it big, then get on the boat because this article is all about making money through cryptocurrency. Just to set the record straight, mining is not the only way to make money in cryptocurrency, but mining helps to approve transactions so that it will be added to the blockchain. It also helps to protect the network so it won’t be easily hacked or manipulated.
You can also make money in cryptocurrency when you buy and sell your digital currency through an online platform; and that’s where Binance comes in. This process of digital exchange is called trading. It’s like buying something when it’s very affordable and sell it when the price goes up. To trade, you’ll have to take some of your money, it could be in dollars or Euros and put it into a special online account like Binance .
Use your fund in the account to buy a Bitcoin (digital currency). The price at which you buy a Bitcoin today might not be the same tomorrow or next. The price is always changing like the price of gadgets or games. All you need to do is wait till the price goes up, then you can sell your Bitcoin and make more money than what you actually bought it. This article guides you on using Binance for your cryptocurrency transactions. Therefore, let’s look at Binance and all Binance supported countries.
Binance gives you the option to always keep your digital assets in their secured wallet, which enables you to make deposit and withdrawal transactions easily. Or you can link your own wallet to Binance platform if you prefer to manage your own wallet yourself. If your wallet is linked to Binance, you can easily move your digital currency from your personal wallet to Binance or from Binance to your personal wallet. You can also connect your digital wallet directly to Binance to trade without transferring funds for exchange first. This is more like a shortcut to trade directly from your linked wallet.
Binance has strong security that protects all your funds and accounts so you can trade freely while using the platform.
Binance platform is easy to understand and use. You can quickly find what you need and also perform tasks like to buy or sell your cryptocurrency without difficulty. You can check your account through your phone or laptop, and also get updates and information on all your trades. That’s how Binance has made its platform so you can carry out all your activities easily.
How Binance Works
- The first thing to do is to have your own special account with Binance. You can do this when you sign up through Binance platform.
- The next thing is to fund your account using any payment method mentioned above.
- Then use the money in your account to buy digital currency (Bitcoin).
- Always monitor when the price of the Bitcoin will go up, so you can quickly sell it and make more profit. Or you can use it to buy more digital currencies.
- You can take your money out from Binance through withdrawals and keep it in your personal bank account or you can use it to buy whatever you like.
Binance is like a middleman, it helps to connect people who wants to buy crypto to those who wants to sell their digital currencies safely and easily.
Binance Supported Countries
As one of the biggest cryptocurrency platforms, Binance is available in many regions. Below is the list of Binance supported countries:
- Albania
- Algeria
- Angola
- Anguilla
- Antigua and Barbuda
- Argentina
- Armenia
- Australia
- Austria
- Azerbaijan
- Bahamas (the)
- Bahrain
- Barbados
- Belarus
- Belgium
- Belize
- Benin
- Bermuda
- Bhutan
- Bolivia (Plurinational State of)
- Bosnia and Herzegovina
- Botswana
- Brazil
- Brunei Darussalam
- Bulgaria
- Burkina Faso
- Cabo Verde
- Cambodia
- Cameroon
- Canada
- Cayman Islands (the)
- Chad
- Chile
- Colombia
- Congo (the Democratic Republic of the)
- Congo (the)
- Costa Rica
- Côte d’Ivoire
- Croatia
- Cyprus
- Czechia
- Denmark
- Dominica
- Dominican Republic (the)
- Ecuador
- El Salvador
- Estonia
- Eswatini
- Fiji
- Finland
- France
- Gabon
- Gambia (the)
- Georgia
- Germany
- Ghana
- Greece
- Grenada
- Guatemala
- Guinea-Bissau
- Guyana
- Honduras
- Hong Kong
- Hungary
- Iceland
- Indonesia
- Iraq
- Ireland
- Israel
- Italy
- Jamaica
- Japan
- Jordan
- Kazakhstan
- Kenya
- Korea (the Republic of)
- Kosovo
- Kuwait
- Kyrgyzstan
- Lao People’s Democratic Republic (the)
- Latvia
- Lebanon
- Liberia
- Libya
- Lithuania
- Luxembourg
- Macao
- Madagascar
- Malawi
- Maldives
- Mali
- Malta
- Mauritania
- Mauritius
- Mexico
- Micronesia (Federated States of)
- Moldova (the Republic of)
- Mongolia
- Montenegro
- Montserrat
- Mozambique
- Myanmar
- Namibia
- Nauru
- Nepal
- New Zealand
- Nicaragua
- Niger (the)
- Nigeria
- Norway
- Oman
- Pakistan
- Palau
- Panama
- Papua New Guinea
- Paraguay
- Peru
- Philippines (the)
- Poland
- Portugal
- Qatar
- Republic of North Macedonia
- Romania
- Russian Federation (the)
- Rwanda
- Saint Kitts and Nevis
- Saint Lucia
- Saint Vincent and the Grenadines
- Sao Tome and Principe
- Saudi Arabia
- Senegal
- Serbia
- Seychelles
- Sierra Leone
- Singapore
- Slovakia
- Slovenia
- Solomon Islands
- South Africa
- Spain
- Sri Lanka
- Suriname
- Sweden
- Switzerland
- Taiwan
- Tajikistan
- Tanzania, United Republic of
- Thailand
- Tonga
- Trinidad and Tobago
- Tunisia
- Available
- Turkey
- Turkmenistan
- Turks and Caicos Islands (the)
- Uganda
- Ukraine
- United Arab Emirates (the)
- United Kingdom of Great Britain and Northern Ireland (the)
- Uruguay
- Uzbekistan
- Vanuatu
- Venezuela (Bolivarian Republic of)
- Viet Nam
- Virgin Islands (British)
- Yemen
- Zambia
- Zimbabwe
List of States Where Binance is Supported in the USA
Binance is not available in all the states in the US. Check out the list below and see if Binance is supported in your own state. The Binance available states in the US are:
- Alabama
- Arizona
- Arkansas
- California
- Colorado
- Delaware
- District of Columbia
- Florida
- Idaho
- Illinois
- Indiana
- Kentucky
- Louisiana
- Maryland
- Massachusetts
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- Oklahoma
- Pennsylvania
- Puerto Rico
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Utah
- Virginia
- West Virginia
- Wyoming
Binance Alternative Platforms
- Coinbase
- Kraken
- MEXC
- Bybit
- Kucoin
Conclusion
Binance is a website with a mobile app where you can do all your trading activities. For you to trade in Binance, you’ll have to be from one of the Binance supported countries. You can easily check for updates concerning all your trading activities through your phone or computer. Binance platform is safe for all your trading activities, it protects your money and your all your information.
Binance is very popular to many trades and investors who usually buys and sells different digital currencies through this platform. In case your location is not among the Binance supported countries, you can check other trading alternatives platforms and know which one suits your location and your needs.