- Ensure you have deposited money on Binance
- Have signed up for a Binance Account
Once the incoming Bitcoin or Ethereum hits your Binance account, you are now ready to start trading! Go to the Exchange tab and click Basic and you should see the screen below.
This example will be using ETH or Ethereum.
Like FOREX trading Cryptocurrency is traded in pairs. It will always be ETH/BTC, BTC/XVG, BTC/WTC, etc. Most coins are traded against BTC although some also support ETH and LTC.
For our example I will be using the coin XVG.
Searching for the coin
- Click on the ETH tab on the right side (highlighted below and search for XVG)
- Click on the XVG/ETH link which will take you to the page below
Buying the coin
- Go to Market
- Set the desired amount (number of coins or total percentage of your ETH balance are your two options)
- Click Buy XVG
HOW TO CHANGE ETH FOR BTC OR BTC FOR ETH
Exchanging alt coins to BTC
- Click the BTC tab next to the ETH tab we used earlier.
- Search for ETH
- Click on ETH/BTC pairing
Selling your ETH for BTC
- Click on Market.
- Enter amount of ETH or percentage of your total ETH balance you wish to sell.
- Click on Sell ETH.