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Binance App Review for iOS (iPhone) or Android – Download, Install and Use

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In this article, we provide traders a detailed review of the Binance app for iPhone and Android. We compare app extensions in terms of their design, trade functions, and download/install processes. Additionally, we provide the pros and cons of using apps and how well they perform in comparison with the main Binance platform.

In case you’re looking for our Binance Review, please click here.

Does Binance have an app for iPhone and Android?

Yes, however, there are some differences as we will describe in this article.

Step-by-step Guide: How do I trade with the Binance app?

The installation process differs between iOS and Android users that wish to trade with the Binance App. As such, Android owners will find it much easier to install the app, as you shall see from our step-by-step guide below.

1. Installation Process

If you happen to have an Android, just go to Google Play and download/install the app directly.

However, iOS users should first locate the page where installation can commence. You can do so through this link, using a QR code scanner on your phone, as seen below.

Review Binance IOS and Android App: Download and Trade

Then, simply tap
“Install” to start the installation process. This is where it starts to get
even more interesting. App Store does not hold the Binance app anymore, so you
will need to remove barriers for the app. You do so by going to “Settings,”
then “General,’ and finally to the “Device Management” tab.

You will see the owner “mauna, ooo” and you need to tap “Trust” for the app to work, as seen below.

Review Binance IOS and Android App: Download and trade

Do not worry, as the Reddit community verified that name already.

2. Login

Binance app login is very much the same as with website registration. Users have the option to turn on Google Authenticator as an additional layer of security. If you already installed the 2FA but then bought a new phone, you may want to check out our guide on how to reset the Google Authenticator.

3. Choose trading pair

As with any other trading platform, you get to choose a trading pair. In our example, it is NULS/BNB. However, there are tons of other options for you to choose from, including BTC, LTC, ETH, and many other pairings.

4. Select the type of order

Binance app
offers two main types of order, buy (long) or sell (short). In addition, you
have three functions:

  • Limit Order (traders set the price for the order)
  • Market Order (current price in the market)
  • Stop-limit (a stop-loss function)

5. Press BUY to execute the order.

As seen from the snapshot below, all you are left to do is to tap “Buy” for a position to go live. Once you feel you have obtained an acceptable level of profit (or loss), tap “Close” to liquidate the position.

Review Binance IOS and Android App: Download and Trade

Review: Binance app for iPhone and Android:

How to use the Binance app?

As you saw
in the previous screen, there are 5 different tabs at the bottom:

•  Home
(Here are your account’s balance, prices for cryptos, and volumes traded
information)

•  Markets
(Here you can find live changes to coins’ values in combination with the main
pair – BTC, BNB, ALTS, and USD)

•  Trade
(Here is the trade form where you can create and close positions)

•  Funds
(Here is your online wallet where you can check out your balance)

•  Account
(Here you will find your account information, settings, support, and chat
options)

 In the top menu, you will find Order History
which provides information on all of your previous positions.

Trading features: Binance App vs Binance Desktop?

Thinking in terms of Binance App vs Binance
Desktop, there is very little difference between the two. Functions are
practically the same fort both Binance app and desktop extensions. However,
design matters quite a lot for bitcoin traders, especially for starters. There
are two main functions that the phone app has for both beginners and experts:

The Binance app has several differences from the online or desktop versions.

  • Design is very simplified
  • Lack of extensive charting
    tools

Binance app is geared more for a fast
market response whereas desktop allows traders to employ full chart investigation.

Binance app for iPhone vs Android App

During our comparative analysis of the Binance app for the iPhone vs Android app, it is evident that not much can separate the two. Both offer the same trading functions, including limit orders and basic chart analysis. Additionally, all coins are there and US traders cannot use either of them. The company is in the midst of a new exchange creation for US customers. Thus, we might see the corresponding app coming along with the new trading platform as well.

The only major difference is the fact that you can download the Android app directly from Google Play. iOS users would need to go through the Binance website instead since the company withdrew from the Apple store.

Review Binance app for iPhone and Android App: Binance App Pros and Cons

Here are summarized Binance app for iPhone and Android pros and cons that you, as a trader, should know about before you download it:

Pros

– fast trading decisions & analysis

– instant access to altcoin markets

– convenient when away from the computer

Cons

– iOS users cannot download the app from the
Apple Store

– limited charts and charting tools

– not convenient for large trades and deep
market analysis

Overall, both extensions share the pros and
cons, as there is not much difference between them. They are meant for short
trading analysis and smaller transactions. Experienced traders might find these
useful since they already possess enough knowledge to conduct scalping trading.
On the other side, we recommend trading starters to keep crypto trading small
in value.

Conclusion

In this Review Binance IOS, we provide a detailed analysis of the Binance iOS and Android app. As a conclusion, there is not much difference between apps and the main Binance platform in terms of trading functions. However, it is limited in chart designs. Thus, it is recommended for traders to use it mostly for quick market checkups and/or for small-sized trades.

In case you would like to read other trading platform reviews, please click PrimeXBT Review – Crypto Trading Futures and Leverage or eToro Review.

You can find all the reviews that we have published so far in this link.

The post Binance App Review for iOS (iPhone) or Android – Download, Install and Use appeared first on Cryptocointrade.

Source: https://www.cryptocointrade.com/crypto-trading-blog/review-binance-ios-android-app/?utm_source=rss&utm_medium=rss&utm_campaign=review-binance-ios-android-app

Blockchain

LINK Marines Lock and Load as Price Falls to Six Week Low

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Chainlink’s native token LINK has been one of the hottest crypto assets this year but that has not helped it escape this week’s big selloff.

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Crypto asset markets have dumped $35 billion in terms of total capitalization since the weekend and the sell-off looks set to continue as Bitcoin and its brethren weaken.

A number of crypto assets are retreating from their all-time highs this year and investors are looking for entry points. Chainlink is among them as one of the year’s best performing crypto assets cools off quicker than some of its competitors.

LINK Marines Loading Up

LINK prices have collapsed to their lowest levels for almost two months in a fall back to $7.30 according to Tradingview.com.

LINK price
LINK price – tradingview.com

There has been a minor recovery today as the token topped $8 again, but it is still massively down from its all-time high in mid-August. Back then the Chainlink token briefly touched $20 but it has been a downward slide ever since resulting in a 60% slump to current levels.

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This price zone serves as solid support, however, there may be another dip to the 200 day moving average which lies around the $6.60 level.

Crypto investors have been eyeing the charts and are loading up on LINK which could drive prices back up in the short term. Trader and analyst going by the twitter handle ‘RNB (Crypto Warrior)’ (@CryptoWarrior01), has seen the same chart predicting a bounce back to $10 or $12.

The sentiment has been echoed by fellow trader ‘MacroLINK’ (@MacroCRG), who has also admitted to becoming a ‘LINK Marine’ and entering at these levels.

Further downsides are expected though if markets continue to bleed as they have done for most of this week. Chainlink’s market capitalization is currently just over $3 billion which puts it ahead of Crypto.com but just below Binance Coin according to Coingecko.

Crypto Market Selloff Accelerates

LINK has not been the only token to suffer, however, it has been in a downtrend for around six weeks.

Bitcoin, which is largely the bellwether for the rest of the market, is holding crucial support just below $10,300 at the time of writing. Failure to hold here will see the asset tumble back into four figures pretty quickly.

Ethereum is also in pain, falling to its lowest level for three weeks and crucial support at $325. Many of the lower cap altcoins, especially the DeFi related ones have dumped 50% since their giddy peaks in recent weeks.


To get the daily price analysis, Follow us on TradingView

Author: Martin Young




Martin has been writing on cyber security and infotech for two decades. He has previous forex trading experience and has been covering the blockchain and crypto industry since 2017.

Source: https://coingape.com/link-marines-lock-and-load-as-price-falls-to-six-week-low/

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Blockchain

Market Watch: Bitcoin Tumbles to $10,130 as Equity Markets Finish in Deep Red

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After reclaiming some ground yesterday, Bitcoin has returned to its recent bearish trend by dropping below $10,300. Most altcoins follow with some notable price dips, resulting in a near $10 billion evaporated from the total market cap.

Bitcoin Dips Below $10,300

As reported yesterday, the primary cryptocurrency recovered some of the recent losses and traded around the previous 2020 high from February at $10,500. However, the asset couldn’t maintain its position and began free-falling once again.

In just a few hours, BTC went from its daily high of above $10,500 to its intraday bottom of $10,130 (on Binance). Since then, the digital asset has recovered some ground and is trading now just around $10,300.

Bitcoin’s current position places it close to the support level at $10,290. If BTC further breaks below, it could head towards $10,200 and the psychological $10,000.

btcusd_chart
BTC/USD. Source: TradingView

Adverse price developments are evident among most financial markets. Gold, which typically performs similarly to Bitcoin, dipped from its high of $1,900 per ounce to about $1,850.

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The most prominent Wall Street stock market indexes also closed in the red yesterday’s trading session. The S&P 500 went down by 2.4%, the Dow Jones Industrial Average by 2%, and Nasdaq lost the most value (-3%).

Red Dominates The Altcoin Market

Most alts bleed out today. Ethereum has declined by nearly 4% and it trades at $325. Ripple (-3%) fights to stay above $0.22. Bitcoin Cash, Binance Coin, Crypto.com Coin, and Litecoin have also dropped by about 3%.

cryptomarket_heatmap
Cryptocurrency Market Overview. Source: coin360.com

Some lower-cap alts have decreased by double-digit percentages. DigiByte (-18%), Ren (-15%), Orchid (-13%), Reserve Rights (-12%), UMA (-12), OMG Network (-10.5), and Algorand (-10%) lead the way.

A few coins trade in the green as well. Helium has surged by 40% after being listed on the leading cryptocurrency exchange Binance. Uniswap (13%) and HedgeTrade (10%) follow.

Ultimately, though, the crypto market cap has dropped from yesterday’s peak at $332 billion to $325 billion.

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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.


Source: https://cryptopotato.com/market-watch-bitcoin-tumbles-to-10130-as-equity-markets-finish-in-deep-red/

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Blockchain

Trader Who Transformed 0.2 BTC Into $100,000 Sounding Alarm on Bitcoin, Crypto, and Stock Markets

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A popular Bitcoin trader who turned 0.2 Bitcoin into $100,000 in a recent trading contest is now putting out bearish warnings about both the stock market and BTC.

The pseudonymous trader SalsaTekila just shared a chart of the plunging S&P 500 Index, quoting rapper Eminem and noting he “wouldn’t want to be long on anything right now.”

The trader, who is known as one of the most transparent in the crypto community, says he’s surprised “BTC isn’t nuking already.”

Although he’s concerned about the macro economy, the trader says the bottom might be in for Chainlink (LINK). He says he placed a substantial bet on the coin below $7.80, hoping it makes a big move to the upside.

The day trader, who finished second in the profit-and-loss individual rankings of Bybit’s World Series of Trading, now plans to sit back and watch the market for a while.

“I’ll probably keep my green button disabled on BTC until and unless legacy and commodities bounce. All those markets feel heavy together, rather stay side-lined. Big expiry coming Friday.

React to upcoming moves or events rather than predict them. Don’t give today’s gainz back.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Source: https://dailyhodl.com/2020/09/24/trader-who-transformed-0-2-btc-into-100000-sounding-alarm-on-bitcoin-crypto-and-stock-markets/

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