Before we start, create an account first in Binance, you can use my Link if you want.
Please note that Binance is an exchange wallet so you don't have full control on your wallet.
Make sure to enable your Binance 2FA, using email or mobile phone for the safety of your funds.
You don't really need to verify your account to start in Binance. Even my account is not yet verified but I can send and receive funds just fine. But there are still limit if your account is not verified.
Follow this rule if you want your Spot Trading to be a success: BUY LOW, SELL HIGH!
1.
Once nakagawa kana ng account sa Binance, fund your Binance wallet to start your Journey. There are 2 ways to funds your Wallet. Using P2P feature in Binance or COINS.PH or any other crypto wallet.
You can use P2P feature in Binance, but I think to do that you need to verify your account first. But just to make sure check it. To start tap HOME > MORE > P2P.
Make sure that the merchant in P2P is online and legit. They say that if the Merchant has that yellow check beside their name then that is verified and legit. Tap their names and check it.
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2.
You can also use Coins.ph to Fund your Binance. It's easy and you are the one who will process it just make sure that you input the right address and then you are good to go.
Convert your Peso into XRP or BCH and send it to Binance using their Address. XRP and BCH has less fee so you can use that to send it to your Binance. Once recieved you can use Spot Trading to sell your XRP or BCH into USDT and use it to buy your Desired Coin.
After converting it into BCH or XRP. Let's use BCH, tap BCH in COINS.PH and hit Send.
Go Back to Binance first and Copy the BCH address. To do that Tap WALLET, tap Deposit and search BCH.
Copy the BCH Address and Paste it into Coins.ph.
Go back to Coins.ph and put the address that you copy in Binance BCH address and then tap SEND BCH.
It will redirect you into this, just fill the form put the amount you want to send. Make sure to minus the fees before you send it to make sure the success.
I don't know how long it will take for your funds to arrive. Maybe an hour or more. I'm actually using Bitcoin.com wallet to send funds on my Binance account, that's why I'm not really sure. But if you use bitcoin.com wallet in your Binance it will only take 30 minutes.
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I want to suggest the CONVERT feature of Binance but it has a minimum amount to convert and I am not sure about the fees, so it's better if we do SPOT TRADING than Convert it. Because in spot trading, you will gain profit than when you convert it. They will just deduct a fees to that so the right choice is really SPOT TRADING.
~ Spot Trading
Spot Trading is the safest Trading that exist. Buy when coins has low price and then sell when it pumps or the price rise. In spot trading, you can just set your order in sell or buy limit and once your target was hit, it will automatically close and your order will be filled. You don't need to watch the chart closely and close it manually. In spot trading, they will do that job for you.
If you want to buy a different coin in Binance then you really need to do the Spot trading where you will sell your BCH to make it into USDT. Because you will need USDT to buy different coin, for example you want to buy BTC then you should use the pair BTC/USDT. It is just the same when you sell your coin, use that pair if you want to sell that BTC.
Note: Avoid being FOMO because this one is bad for your health. FOMO or Fear of Missing Out. You see that everyone is hyping about this particular coin because it's flying to the moon. And because you want to ride with the hype you buy that coin in a higher price, very wrong Yuuji. And then suddenly that coin dumps, lugi ang labas mga mars.
But don't be in a panic mode. Relax, inhale, exhale and fear not. HODL on to that coin and wait for it to Pump again, dont lose hope and just HODL. Leave it in your wallet and wait, diyan ka naman magaling maghintay kahit may napili na nga syang iba.
For the step by step process on how to do Spot Trading, visit that Link below and happy Trading.
Achieving a goal is hard if you don't have the will to achieve it. So, why not add this goal into you LIST? If you are in read.cash or noise.cash then doing it is not that hard. Save every tip of BCH that you will receive in read.cash and noise.cash them HOLD it. BE ONE OF US AND TOGETHER WE WILL ACHIEVE IT. We💚BCH
Read this to Start!
Since I can't find a goos topic to write, let me just share this tutorial to you. This one is actually drafted for 3 days now. I just delay publishing it because I choose to publish my recent article which is BCH Goals: $40 Challenge for my Mothers. I write this for those who wants to try Binance and explore the crypto world.
Anyway, GOOD LUCK!
February 28, 2021
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your article is so aliw! honestly it made me transfer some of my coins to Binance which i've been thinking for days now... just lack of will i guess... but your article made me do it.! thanks for that!