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Binance App: Crypto Trading Made Easy

Trading crypto is easy with the Binance trading app.
Trading crypto is easy with the Binance trading app.

Trading crypto is easy with the Binance trading app. This article takes a look at the important features of this app. At the end you’ll find an app install link and more. Binance has rewritten the book on how cryptocurrency exchange apps should work.

Visit Binance website

Opening Screen

Opening the app presents a list of tokens:

The top of the screen has tabs for the base $BNB, $BTC, $ETH and $USDT currencies:

Making a selection brings up all the tokens offered in that base currency.
Making a selection brings up all the tokens offered in that base currency.

The token list may be sorted in ascending or descending order by tapping any of Pair, Vol, Last Price or 24h Chg%. The results are instant and effortless.

Robust Serving Environment
Binance prides itself on having a robust serving environment – saying on their website: “Our certified matching engine is capable of processing 1,400,000 orders per second, making Binance one of the fastest exchange in the market today.” In fact on January 04 2018 Binance processed well over 2.2 billion USD in $TRX alone. There was no sign of delay and all choices resulted in “Success”. This is what traders need and expect.

The Bittrex website displays considerable and unnecessary text with each buy or sell order. Binance’s “success” message is a simple, clear and refreshing change.

Markets, Trades, Funds and Account

The bottom of the screen has four areas: Markets, Trades, Funds and Account:

Four key sections: markets, trades, funds and account
Four key sections: markets, trades, funds and account

Markets
The markets tab launches a token list. Selecting a token brings up the chart interface:

Choose minutes, hours, day or week.
Choose minutes, hours, day or week.

This app has fine grained control to one minute intervals:

Select fine grained chart time intervals from one minute and up.
Select fine grained chart time intervals from one minute and up.

Tap “Full” to get a full screen chart on your phone.

Depth Chart

The depth chart is a tap away from Charts.
The depth chart is a tap away from charts.

Buy
Buying crypto has never been easier. Allocate 25%, 50%, 75% or 100% of assets by tapping once. Works the same for Sell:

Allocate 25%, 50%, 75% or 100% of assets by tapping once.
Allocate 25%, 50%, 75% or 100% of assets by tapping once.

Trades

The entire app is easy to navigate. Trades are no exception. Bid/Ask Order Book and executed Market Trades are close at hand:

Order Book
A subtle color coding shows the weight in volume of each order:

A subtle color coding shows the weight in volume of each order

Market Trades

Browse current market trades with a tap.
Browse current market trades with a tap.

Single Glitch
Using the app for several hours of trading during heavy volume trading (168,049 BTC) resulted in just one glitch. The issue was that after selling an asset the indicated assets available – “Avbl” – did not always reflect the current state. The solution which worked was to go to the Funds page, where you will see the correct balances. Let the Funds page load fully. Then return to the Sell screen. The data is then correct – resume trading.

Funds and Account

The remaining sections of Funds and Account contain typical features.

Funds
The author funded a Binance account with BTC. The exchange to exchange transfer took forty-six (46) minutes. The process was straightforward and error free – no human was involved on either end – and the funds landed into the Binance BTC account ready to trade.

Account
Get started on your own Binance account. You’ll need to install the Binance app, and register a new account on Binance:

Register on Binance

Register a new account on Binance

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Binance Update

Update from Binance posted on allcoinsnews.com January 05 18:30 hours:

“Due to the overwhelming surge in popularity, Binance will have to temporarily disable new user registrations to allow for an infrastructure upgrade. We apologize for any inconvenience caused.”

Binance Team
2018/01/05
https://www.binance.com/register.html?ref=17053510

KittyBitcoin supplies blockchain intelligence on http://kittybitcoin.com, on industry leading websites, and through white label channels since 2014. Follow @KittyBitcoin on Twitter®.
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