Exchange - Get Familiar - Part 3 (therealworld) TRW

Exchange - Get Familiar - Part 3 (therealworld) TRW

[ About The Course ]

Hello, I'm Professor Adam. 

And this is a quick overview of binance. As the exchange that we recommend that you use, everybody's exchange is going to look a bit different depending on where in the world they're from. I am from Australia, therefore, this is an Australian platform. 

If you're from the United States, this will look different. And I do not know what your exchange will look like I do not have the time, or the resources to do a video for every individual country in the world. 

So you're going to have to use your discretion and understand how they differ from country to country on your own. Now, first steps First, make yourself an Exchange account. 

This should be fairly self explanatory, do the onboarding process and login. Here, you're going to want to know how to deposit fiat currency into your Exchange account so that you can buy and sell cryptocurrency Fiats is just another word for the dollars that a native to your country fee it's money in Australia is the Australian dollar fiat, it's money in the United States is the US dollar. 

You use the depositing method that works for you, I use bank deposit. The process here should be fairly simple as by Nance has displayed it for you, I already have mine set up through Pay ID This is the Banking Integration system that we have here in Australia, the integration that you use will be different for you. 

Perhaps using your credit card will be the easiest way of depositing money into your account, you will need to experiment between these two to find out which one is the best for you. After you have loaded your fiat money into your Exchange, which is the first step before you can buy anything, your dollar amounts or your Fiat balance will then show up in this first line here. When you go into this account, if you click on fiat and spots.

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Your feared balance will appear in the feared balance section. And your crypto balances will appear in the balance section. You buy and sell between these two, and you do with it what you like. As you can see all of the different products that you can trade down through here. 

There's there's hundreds and hundreds and hundreds of different cryptocurrencies that you can buy and sell and trade on this platform, we won't be going into that at the moment, you can go into the trade markets and get familiarized with that. 

If you're a very, very, very beginner and you are looking to make your very first trade. The best way of doing that instead of getting bogged down in the complex methods of trading down here, the Convert function will be the easiest, you can actually access that from here to make it even easier for you so that when you have your dollar amount balance in here, you can slip simply click the Convert function and that will allow you to convert your fiats dollars into cryptocurrency of of your choosing. 

If you want to spend some time exploring this platform and looking through all the different products and features of the platform, that's okay. However, I would warn you not to get too bogged down into the complexity of the platform before learning all the extra things in our tutorials and additional lessons. 

This is just a very quick overview to get you started to get you familiarized as this is obviously the first step in your journey. But this is only just the beginning. So thank you for listening, and we'll see you in the next tutorial.