Binance offers margin trading, or a way of trading coins and tokens using assets provided by a third party. It’s a form of credit and allows traders to make much bigger, potentially more profitable, trades than one can on his or her own. Binance Margin Trading Trading on margin allows traders to do what’s called “leveraging their position.” While this amplifies their … [Read more...] about Margin Trading on Binance Can Be Extremely Profitable
Binance taxes cryptocurrency as property because that's how the U.S.A. and other countries collect it. Binance processes more than $1 billion-a-day and works hard to keep on the good side of the government and their tax agencies—especially since America's an extremely good client and failure to report your cryptocurrency taxes can result in IRS fines up to $250,000 (and … [Read more...] about Binance Taxes Can Be Extremely Easy or Very Very Hard
Binance is bigger and cheaper, with lower trading fees. With exceptions, each trade costs 0.1% per transaction. High trade volume can offer further discounts. Binance used to be considered too hard, too professional, too exotic and foreign, too far away, and too difficult to start with. Coinbase had the home advantage—and it was simple to use. Buy Crypto on Binance with … [Read more...] about Binance Trading Fees are the Lowest and the Fairest
So you want to transfer from Binance to Coinbase? Transferring your cryptocurrency from Binance to Coinbase is a lot like transferring a domain name from GoDaddy to Google Domains. To Transfer from Binance to Coinbase You need to have access to both your Binance and Coinbase accounts. Transferring cryptocurrency is the same around the world in that you need to find the … [Read more...] about Transfer from Binance to Coinbase with Ease and Safety
Which came first: the Bitcoin or the Dollar? Getting your first crypto coin can be a Catch-22: you want to dip your toe into cryptocurrency, but you find out that you need to already have a coin in order to join an exchange—but you don’t yet have a coin. Don’t worry, I had the same challenge when one of my vendors asked me to pay him with fractional Bitcoin. That is, until I … [Read more...] about Coinbase vs Binance: Which is Better?