WEBVTT

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If you're looking for the ultimate Binance
tutorial for beginners, this is the video for you

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We're going to be covering how to open an
account, how to buy and sell cryptocurrencies

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the beginner and advanced tools that
are built right into the app, and more

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Now, Binance is the world's largest
cryptocurrency trading platform by Trading Volume

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and it was founded back in 2017. They have over
270 million users across more than 180 different

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countries. Binance is known for having one
of the widest selections of digital assets

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some of the best features, and low overall
trading fees. So let's jump into my phone now

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and get started, but real quick guys, make sure
you drop a like and subscribe to support this

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channel and help to make videos like this one
possible. The first step is going to be visiting

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ryanoscribner.com slash Binance, and this is
going to redirect you over to the App Store

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or you can simply just open up the App Store
yourself if you want and search for Binance

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Now since I'm in the US I am going to be utilizing
the Binance US version of the app but there's

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a separate version of the app, the regular Binance
app, if you are using it from other countries

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Now I already have it installed so I'm just
going to go ahead and open the Binance app

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now Let start by talking about the account opening process here with Binance and I already had an account that was partially opened here so i
won be able to show you the full steps but i will give you a quick recap of what to be expected for starters you need to be a u resident for the

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binance us version of the app with a valid social
security number and binance is going to ask you

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for this during the verification process binance
is required to collect this information because of

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of KYC or know your customer laws to verify your
identity and then potentially report your trading

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activity to the IRS through various tax forms now
in addition the verification process might also

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involve taking a photo of the front and back of
your government ID as well as recording a short

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video selfie and lastly there are certain states
in the US where Binance is not currently available

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I'll put that on screen now so you can pause it
and review it yourself so go ahead and take a look

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that and make sure your state is supported with
finance us and then once you complete all of those

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verification steps you will have to fill out a
simple investor questionnaire this basically asks

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you about your employment sources of income and
things like that and it's a required step to open

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just about any financial account today after that you have completed the basic verification of your finance us account now depending on the features and trading limits that you
looking for you might decide to do the advanced verification step here in the settings later on But for most people the basic verification is plenty to get started with the app

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So the next thing I want to do is give you a quick
tour of the app, and then we're going to break

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down the different features. So on the homepage
here, you have the options to buy, sell, convert

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and transfer. We're going to take a look at all
of those shortly. There's also staking and this

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new boost section we're going to talk about. And
below that is going to be a list of favorites

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This is going to be the most popular cryptocurrency.
So we have Ethereum, Bitcoin, and BNB, which is

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actually the native token associated with Binance.
So they do have their own token. If we click over

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here to market cap, this is going to be the largest
cryptocurrencies in terms of the total amount

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invested in them. And we can see that list here.
And then under the explore tab here, this is

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actually going to be lists of different cryptocurrencies.
So there's a top gainer section, new listings, most bought

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staking assets, price drops, most sold and most favorited.
So just for the heck of it, we'll click here on top gainers

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and this is going to be tokens that have had the largest percentage increase in the last 24 hours You can also sort this by new listings
most bought and then go through all of those different lists that are pre Now just in case you are wondering Binance US supports

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the trading of about 190 different tokens. So you
are going to have a very wide selection of assets

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available here for trading. But we're going to
scroll down now and keep on looking. We also have

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top movers listed there at the bottom. And then
if you click over here to your portfolio tab

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once you actually purchase cryptocurrencies in
the app, you're going to see those listed here

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And you have the option to deposit and withdraw
in terms of funds from your bank account

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And your cash balances are going to be
listed below the cash balances section

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Now the next tab over here is going to be the
markets tab. This is gonna show you the favorites

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which you can customize yourself. And
then you can take a look at stable coins

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and then various trading pairs related to
Bitcoin and then US dollar trading pairs

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This is very similar to the other section
we just looked at, the explore section

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But you can use this to track cryptocurrency prices and
get an idea on what's going on in the overall market

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And then if you click on this orders button, this is going
to show you your trading history as well as open orders

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But that's going to come into play when you actually
start placing a trade here within the Binance app

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The next section here is the earnings