In order to generate funds, many businesses turn to the ICO, also known as an initial coin offering. This is due to the fact that it is a relatively simple approach that allows crypto firms to generate capital without having to go through complicated processes or methods such as bonding or stock offerings, among others.
You may trade with Binance using the coins or tokens that you already have. When you initially sign up with Binance and begin using the platform, you will be required to purchase your first Usdt or Shiba. The cryptocurrency exchange Binance can be traded, especially if you make the effort to purchase Shiba Coin. However, in order to do this, you will need to complete a sequence of tasks.
How to Make Money Trading on Binance
As previously stated, if you wish to trade with Binance, you must first create an account. Navigate to the Binance platform's home page and click on the Register button. Following that, you will be sent to the appropriate registration page bellow and click on the image👇👇👇👇👇
The email address for you sign up must legitimate one that you check on a consistent basis. For the password, you should choose a strong one that includes a combination of numbers, letters, and symbols to ensure its security.
Following that, you will need to study and agree to the Binance Terms of Service, after which you may go to the Registration page.
You will be required to demonstrate that you are a human being and not a robot. A simple puzzle will need to be completed in order to do this. Following that, you will receive an email in your inbox. After you have clicked on "Verify Email," your registration will be complete. You now have a Binance account and are ready to begin trading. However, there is one more thing you should do before you begin trading, and that is to ensure the security of your account before you begin.
As a result, you should set up two-factor authentication. This provides an additional degree of protection for your account by guaranteeing that no one else has access to your assets and uses them for their own personal gain.
MakeaDeposit Into Your Account
Now that your account has been established and protected, you may begin to finance it. In order to better understand the funding process, let's look into Shibainu.
Log into your account and select Accounts from the drop-down menu. Then choose the option Send to Shibainu Wallet from the drop-down menu. Fill out the Recipient field next, since this is who will be receiving the Shiba amount you've entered. Because you are sending the money to Binance, you must have an Shiba address associated with your Binance account.
Then, go into your Binance account and choose Funds, followed by Deposits to complete the process. Input the coin for which you want an address. If you pick Shiba as your cryptocurrency, Binance will make certain that an address is produced in order to send the funds to your account. Your Shiba money will be sent to the Shib Deposit Address at that point. As a result, it must be copied and pasted into the recipient box of the Coinbase account in order for the money deposit to be made feasible.
Following that, enter the amount you wish to transfer to your Binance account, and then press the Send button to complete the transfer. Whenever the network has finished processing the money, the cash will be available in your Binance account for use.
Start trading right away.
It's finally time to get down to business and trade. Move the pointer above Trade and then select either Basic or Advanced from the drop-down menu. This will provide you with all of the latest market information. In order to sell Shiba for Usdt at the current Usdt price, you must select Usdt from the appropriate panel on the right.
Afterwards, click Shiba/Usdt, and you will be sent to the trading platform for that currency pair. Continue to scroll down until you find the Buy Usdt and Sell Shiba options listed. To sell Shiba, you must select the Sell Coin option from the drop-down menu. Make a note of the amount you'd like to get rid of. After that, click on the "Sell Shiba" button. You will get a pop-up message that says "Limit Sell Order Created" right away.
After that, scroll down to the Open Orders column to view the limit sell order that was placed. Wait for the open order to be filled, and when that happens, your trade will be closed out automatically.