How to make $100 a day on Binance

Hello everyone, in this article about How to make $100 a day on Binance, we will be discussing the Binance exchange and also some basic and advanced things that are important to get started with the platform. Binance exchange is a cryptocurrency exchange platform based out of China. It was founded in 2017 and is currently ranked 11 among cryptocurrency exchanges according to CoinMarketCap. 

The company offers its users a wide range of features including margin trading, OTC desk, DEX, fiat gateway, mobile app, API, etc. If you're looking for How to make $100 a day on Binance then I must say that you can really achieve this with this Binance exchange. 

We have created a list of things that we think Binance exchange can do for us.

1 - Margin Trading

Margin trading is a feature that enables traders to borrow funds from the exchange's own reserves and use them to trade crypto assets to make $100 a day on Binance. Traders can leverage their positions by borrowing money from the exchange and using it to buy or sell crypto assets. 

2 - Fiat Gateway

Fiat gateway is a feature that allows users to deposit fiat currency (USD, EUR, GBP) directly into their account. Users can then withdraw these currencies at any time.

3 - Mobile App

The mobile app is a feature that allows traders to access their accounts from anywhere.

4 - API

API is a feature that allows developers to integrate third-party applications with Binance exchange.

5 - OTC Desk

OTC desk is a feature that allows people to place orders without going through the order book.

You can deposit funds directly into your account via credit card or bank transfer. To deposit funds into your account, click on the “Funds” tab located at the top right corner of the screen. Then select either “Credit Card” or “Bank Transfer”. 

When I was looking for How to make $100 a day on Binance in my early days, I started with Binance and after 3 months when I learned how to read charts, I was really making $100 a day on Binance, sometimes even more. It completely depends on the momentum. In our upcoming articles, we will surely share the strategies for beginners to trade in crypto. 

Anyways, let's first move on to the topic of "How to make $100 a day on Binance" and read what this exchange is and some other information. 

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More About Binance Exchange

Binance exchange is a cryptocurrency trading platform based out of Hong Kong. It was founded by Changpeng Zhao (CZ) who is also known as CZ Binance. CZ is a Chinese entrepreneur who is best known for his work at OKCoin where he worked as the Chief Executive Officer between 2014-2015. He left the company after disagreements with its management team over how to improve the business. In 2017, he started working on the Binance exchange.

The Binance exchange is one of the largest exchanges in terms of market capitalization and it is really easy to make $100 a day on Binance. As of now, it is ranked number 1 among all cryptocurrency exchanges in terms of 24-hour volume.

Binance exchange offers many different cryptocurrencies for trade including Bitcoin, Ethereum, Litecoin, Ripple, EOS, Stellar Lumens, Tron, Monero, Dash, Zcash, IOTA, Augur REP, OmiseGO, Qtum, Golem, VeChain, Cardano, NEM, Dogecoin, Lisk, Bytecoin, Factom, Stratis, Digibyte, Aeternity, MaidSafeCoin, Decred, Ark, Siacoin, BitTorrent Token, Golem, and many others.

It supports fiat currency deposits and withdrawals using credit cards or bank transfers. You can use any major credit card to deposit funds into your account. However, if you want to withdraw money, you need to have enough funds in your account before you make the withdrawal request. If not, then you will get a message saying that your withdrawal request exceeds the maximum amount allowed.

You can use the Binance exchange to buy cryptocurrencies with fiat currency or sell them for fiat currency and easily make $100 a day on Binance. To do this, you first need to create an account on the Binance exchange. After you create your account, you need to fund it with some cryptocurrency. You can either purchase these cryptocurrencies directly from other users or you can fund your account with a credit card. Once you have funded your account, you can start buying cryptocurrencies or selling them.

There are two ways to buy cryptocurrencies on the Binance exchange and make $100 a day on Binance. First, you can go to the “Exchange” tab on the homepage and click on the “Buy” button. Second, you can go to the “Market” tab and select the coins you wish to buy. Then, you can enter the amount of cryptocurrency you would like to buy and press “buy”.

To sell cryptocurrencies, you can follow the same steps as above. Click on the “Sell” button on the “Exchange" page. Select the coin you wish to sell and enter the amount you would like to sell. Press “sell” and wait until the transaction completes.

Binance exchange charges a small fee for each transaction. The fees depend on the type of transaction you perform. There is no charge for depositing funds into your account. But, there is a 0.1% fee for withdrawing funds from your account.

If you are looking for a place to store your cryptocurrencies safely, then the Binance exchange is the right option for you. It provides 2-factor authentication for security purposes. You can also set up alerts for your transactions.

Binance exchange is one of those exchanges that offer a lot of features. So, if you are looking for a reliable exchange to trade cryptocurrencies and How to make $100 a day on Binance, then the Binance exchange should definitely be on top of your list.

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Basic things to know about Binance Exchange

Binance offers its users a wide range of financial services including trading, lending, payments, and many others. In order to use Binance and make $100 a day on Binance, you need to register first. 

After registration, you have two options to choose from – A basic account and an Advanced account. Both accounts offer similar features but differ in their fees. In this article, we will discuss how to start with a free Binance account. Once you have created an account, you will be able to make deposits and withdrawals using fiat currency (USD) or crypto-currencies. You can then start trading on the platform.

To get started, click on the “Funds” tab at the top right corner of the page. Then select the “Deposit” option. Choose either USD or BTC to deposit funds. Enter the amount to deposit and click on the “Deposit’ button. Wait until the transaction gets completed. Now go back to the home screen and click on the “Exchange” tab. Click on the “Withdrawal” option. Select the coin type you wish to withdraw. Enter the amount to withdraw and click on the “Withdraw” button.

Now let us know if you want to withdraw your $100 a day on Binance in fiat or crypto. If you want to withdraw in crypto, then enter the address where you would like to receive the coins. If you want to withdraw in fiat, then just leave the field blank.

You can now proceed to the dashboard. On the left side, you will find the list of markets. Click on the market you wish to open. On opening the market, you will find the following tabs – Balance, Charts, Orders, Account Settings, and Profile. Let us now take a look at each of these tabs.

The balance tab shows the current balance of your account. To view the details of your transactions, click on the “Transactions” tab. Here you can check the history of your trades. Click on the “Orders” tab to place orders. You can set buy/sell limits, stop loss, and take profit levels here.

Under “Account Settings”, you can change your password, email ID, and API keys. Finally, under the profile tab, you can update your personal information. If you have any queries regarding the above steps, feel free to comment below. We will try to answer them as soon as possible!

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How Binance Exchange Works and How to make $100 a day on Binance 

Step 1: Sign Up

You will need to create a free account and verify your email address. Once verified, you will receive an authentication code via email. Enter the code in the provided field to complete registration.

Step 2: Deposit Funds

After signing up, you will have access to your personal dashboard. In order to make $100 a day on Binance, you must deposit funds into your account. Click on “Deposit” under the “Funds” tab. Choose either Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Tether (USDT), or Fiat currencies like US Dollar (USD) or Euro (EUR). To fund your account, click on “Buy” next to the currency of your choice. Your balance will be shown at the top right corner of the page.

Step 3: Buy Crypto

Now that you have funded your account, you can begin buying crypto. Click on “Exchange” under the ‘Funds’ tab. Select the coin you wish to buy and enter the quantity. Then choose whether you want to pay with a credit card or bank transfer. After selecting your payment method, click on “Place Order.” A pop-up box will appear showing the current price of the selected coin. If you find a lower price, you can place a limited order to buy at that price. Otherwise, leave the price as is.

Step 4: Sell Crypto

Once you have purchased your desired coins, you can sell them back to the exchange. Click on “Sell” under the ’Funds’ tab again. Choose the coin you wish to sell and enter the number of coins you would like to sell. You can set a maximum price below the total value of the coins you wish to sell. When you are ready, click on “Confirm Sale.”

Step 5: Withdraw Funds

Hope you now know How to make $100 a day on Binance. You can now withdraw your funds from the exchange. Click on the “Withdrawal” tab. Choose the coin you deposited and the amount you wish to withdraw. Click on “Withdraw.” Wait until the transaction completes before moving on to the next step.

Step 6: Trade Crypto

You can now start with trading crypto on Binance and now you know How to make $100 a day on Binance. In order to trade, you just have to pick the crypto which you want to trade and apply some good indicators like pivot points, and moving averages or you can also use trend lines which work really well with cryptos. Once you understand to apply these indicators and you know how to read the chart, then it will be time to enter the real markets and take a real trade. 

Conclusion 

So, that is it for this informative article about How to make $100 a day on Binance and we promise to provide trading strategies in our upcoming articles for beginners. Trading on Binance is done manually. There is no automated trading system on Binance. When you make a trade, you will receive a confirmation email once the trade is completed. 

You will also receive a notification on your mobile phone once the trade is completed and your balance is updated. Binance is a great platform to trade cryptocurrencies. I hope you now know How to make $100 a day on Binance and you enjoyed this article! Please share. Thank You for your time.  

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