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CCX004 - Binance 101 - Crypto to Crypto Exchange

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Manage episode 216449520 series 2431381
Content provided by JOLSID Media Inc.. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by JOLSID Media Inc. or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Binance was founded by Cheng Peng Zhang in 2017 and prior to becoming a founder of Binance. Mr Zhang was the CTO of OkCoin.

Let's talk about how Binance is different than Coinbase. Binance is a crypto to crypto exchange vs. Coinbase is your fiat currency to crypto exchange.

In Coinbase you can take your US dollar your Canadian dollar or Euro and you can buy cryptocurrencies like Bitcoin, Litecoin, and Ethereum. But to trade or to buy cryptocurrencies on Binance, you have to already own cryptocurrencies like Bitcoin, Litecoin or Ethereum and once you have transferred those to Binance wallet. Then you can buy crypto assets or cryptocurrencies on Binance.

For more information on Binance, BNB and other services offered by Binance please visit https://www.cryptochainx.com.

  continue reading

16 episodes

Artwork
iconShare
 
Manage episode 216449520 series 2431381
Content provided by JOLSID Media Inc.. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by JOLSID Media Inc. or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Binance was founded by Cheng Peng Zhang in 2017 and prior to becoming a founder of Binance. Mr Zhang was the CTO of OkCoin.

Let's talk about how Binance is different than Coinbase. Binance is a crypto to crypto exchange vs. Coinbase is your fiat currency to crypto exchange.

In Coinbase you can take your US dollar your Canadian dollar or Euro and you can buy cryptocurrencies like Bitcoin, Litecoin, and Ethereum. But to trade or to buy cryptocurrencies on Binance, you have to already own cryptocurrencies like Bitcoin, Litecoin or Ethereum and once you have transferred those to Binance wallet. Then you can buy crypto assets or cryptocurrencies on Binance.

For more information on Binance, BNB and other services offered by Binance please visit https://www.cryptochainx.com.

  continue reading

16 episodes

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