What Is Binance ?| Binance Tutorial for Beginners | Binance Cryptocurrency Exchange | Simplilearn

What Is Binance ?| Binance Tutorial for Beginners | Binance Cryptocurrency Exchange | Simplilearn

hey there have you been hearing about cryptocurrency lately the market is really taking off with the total value of cryptocurrencies hitting an incredible 2.27 trillion according to a recent update from binance it’s fascinating how blockchain technology the underlying Foundation of cryptocurrencies has transformed the way we look at finance and transactions offering decentralization transparency and security like never before cryptocurrencies like Bitcoin and others are changing how we think about money they use technology called blockchain which makes it possible for people to trade directly with each other without needing Banks or any other middlemen this means that anyone with an internet connection can Access Financial Services no matter where they are in the world in this rapidly evolving currency binance has emerged as a key player but what exactly is binance over the past 3 years binance has been a big player in the world of cryptocurrency trading it’s been super popular and consistently attracting the highest volume in both spot trading and derivative trading today we will be your guide through the exciting world of binance so in this video we will be covering everything you need to know what is binance how binance works and cryptocurrencies on binance so buckle up and get ready to learn more about binance craving a career upgrade subscribe like and comment below dive into the link in the description to FasTrack your ambition additions whether you’re making a switch or aiming higher simply learn has your back but before we begin if you want to get certified dive into the professional certificate program in blockchain a dynamic collaboration between IIT kpur and Industry leaders over four months explored the real world blockchain applications in fintech healthcare Supply Chain management and Beyond this High engagement course offers a comprehensive learning experience equipping you with the skills needed to excel in blockchain technology androll now to advance your career and expertise in The Cutting Edge field all right so now let’s start with the first topic all right so what is binance so binance is a major company in the world of cryptocurrency and the world’s largest cryptocurrency exchange based on how much trading happens there every day they offer a variety of services including buying and selling of over 500 different cryptocurrencies then ways to make money from your crypto Holdings without actively trading that is off called passive income then Advanced tools for experienced Traders with almost 190 million users from over 180 countries binance is a popular platform for people interested in cryptocurrency binance goes beyond just buying and selling crypto they provide various options for investors to earn passive income on their Holdings this could involve staking that is locking up your crypto for Rewards or participating in Dey that is the decentralized finance applications directly through the platform for example imagine you have some dollars some US Dollars and you want to buy a Bitcoin you would go to the binance website or app create an account and deposit your dollars into your binance account once you have funds in your account you can use them to buy Bitcoin or any other cryptocurrency supported by binance after the purchase the Bitcoin will be added to your binance wallet which is a secure digital wallet used to store your cryptocurrencies so this was about binance now let’s understand how binance actually works so binance is like a big digital Marketplace for cryptocurrencies it offers a bunch of services like letting you trade one cryptocurrency for another or even buying cryptocurrencies using regular money like dollars or Euros it supposed different ways to play like bank transfer or credit cards when you want to trade on binance it keeps tracks on all the buying and selling happening on the platform using something called the order book this is just a list that shows who wants to buy and who wants to sell at different prices so let’s say you want to buy some Bitcoin with your dollars you go on binance find the Bitcoin trading section and you will see a list of people who are selling Bitcoin and at what prices and also a list of people who are buying and at what prices you can choose the prices what works for you and make the trade binance also has some fancy features for more experienced Traders like borrowing money to trade that is margin trading then trading contracts for the future price of cryptocurrencies future trading which is called and even trading directly with the other people like P2P trading so this was about how binance works now let’s have a look at the next thing which is cryptocurrencies available on binance binance offers a vast selection of cryptocurrencies catering to both established coins and new Ventures some of them include Bitcoin ethereum Pepe Cosmos dog V fat V token salana OTE and warhole so this information is for the educational purpose only and should not be considered Financial advice before investing in any cryptocurrency conduct your own research and understand the inherent risk involved in that so as we wrap up our look into binance it’s evident that this platform has been a GameChanger in the world of cryptocurrencies with its strong features userfriendly services and and focus on safety binance has become a goto choice for many around the glob as cryptocurrency space continues to evolve binance remains steadfast in the mission to empower individual ual and institutions to participate in the future of binance all right guys with that we have come to the end of this video If you like this video please give it a thumbs up I hope it really helped you all thanks for watching stay safe and keep learning staying ahead in your career requires continuous learning and upscaling whether you’re a student aiming to learn today’s top skills or a working professional looking to advance your career we’ve got you covered explore our impressive catalog of certification programs in cuttingedge domains including data science cloud computing cyber security AI machine learning or digital marketing designed in collaboration with leading universities and top corporations and delivered by industry experts choose any of our programs and set yourself on the path to Career Success click the link in the description to know more hi there if you like this video subscribe to the simply learn YouTube channel and click here to watch similar videos to nerd up and get certified click here

🔥Professional Certificate Program In Blockchain (India Only): https://www.simplilearn.com/blockchain-certification-training-course?utm_campaign=17May2024WhatIsBinance&utm_medium=DescriptionFF&utm_source=youtube

In this video on What Is Binance ?, we dive into the world of Binance, one of the leading cryptocurrency exchanges globally. We’ll explain what Binance is and how it works, offering a comprehensive overview of its features and services. Binance allows users to trade a wide variety of cryptocurrencies, including popular options like Bitcoin, Ethereum, and numerous altcoins. We’ll discuss the process of setting up an account, making deposits, and executing trades. Whether you’re new to the world of cryptocurrencies or an experienced trader, this video will provide valuable insights to help you navigate and utilize Binance effectively.

00:00 Introduction
02:09 What is Binance?
03:27 How Binance Works?
04:36 Cryptocurrencies on Binance

✅ Subscribe to our Channel to learn more about the top Technologies: https://bit.ly/2VT4WtH

#Binance #BinanceApp #BinanceCoin #CryptoExchange #blockchain #Crytpo #CrytoCurrency #2024 #simplilearn

➡️About Professional Certificate Program In Blockchain
The blockchain certification program helps the learners start from the fundamentals and then cover all the technical and functional aspects needed to build any blockchain solution using the best tools and techniques in the industry. In this program, they will build smart contracts, and bitcoin wallets, create transactions, fabricode, and more.

✅Key Features
– Program completion certificate from IIT Kanpur and Simplilearn
– Masterclasses from IIT Kanpur faculty
– Seamless access to integrated labs on Simplilearn’s LMS
– Get hands-on experience with a capstone on industry-relevant use cases
– Build skills to become job-ready and advance your career
– Simplilearn’s JobAssist helps you get noticed by top hiring companies

✅Skills Required
– Cryptography and Cryptocurrency
– Bitcoin
– Distributed ledger
– Hyperledger
– Ethereum Blockchain
– Consensus
– &more

👉 Learn More At: https://www.simplilearn.com/blockchain-certification-training-course?utm_campaign=17May2024WhatIsBinance&utm_medium=Description&utm_source=youtube

🔥🔥 *Interested in Attending Live Classes? Call Us:* IN – 18002127688 / US – +18445327688

✅ Inspiring Success Stories of Simplilearn’s Learners: https://www.simplilearn.com/reviews?utm_campaign=17May2024WhatIsBinance&utm_medium=Description&utm_source=youtube