Binance App Tutorial for Beginners - Tagalog 2022 - YouTube

Homemates - this is what I am going to teach you today - Binance mobile App for beginners

There are just lots of numbers and figures so it's a bit confusing in the beginning

but this is very easy

I will teach you this - step by step, that even beginners can understand

This is for people who are asking if they can use Binance on their phones because they do not have computer

yes it is possible because they have their own mobile application

This is the main homepage, you might get confused because of many features on BInance

There are advanced features and I suggest to do just the basics first if you are a beginner

Let's go to the Wallet so I can explain the basic principle

this total value btc - this is like the total amount

your money in binance, example on my account 0.0017 or 91 US dollars or 4000 pesos

in this video we will focus on the most basic which is spot trading

let's click spot above

In Spot you will see crypto currency or coins that you have in your binance account

example USDT - So we have 52 USDT

in BTC we have 0.0002 btc

we got BNB here and other coins

In Crypto currency and in Binance there are lots of coins that we can trade

For you to understand - Just think that these coins have value

Example US dollar, Euro, Peso

Everyday their value changes

Same with Cryptocurrency the value of these coins changes.

Example Bitcoin

Just example, Bitcoins value today is P2.5 million per 1 BTC

Then tomorrow it's value is P2.6 million

Then after 2 days the value of bitcoin is just P2.3 million

all of these their value changes

So I got here 0.0002 Bitcoin or BTC

so it's value is 10.24 USD

That's the value today but tomorrow it could be 11 USD because BTC price goes up or could be lower

It's the same for BNB, i got 0.007 which is equivalent to 4.07 USD

And here in Binance Application - we will use this to buy Bitcoin, Etherium and other coins.

Let's start on with trades - Click trades at the bottom

You will be directed to spot, but let's go to convert first which is easier

From is what we have and what we are going to use convert or buy other coins.

USDT - We will mostly use this because USDT is like, a crypto currency

But the value of USDT - is they are matching it with US Dollar

Example 1 USD is 52 Pesos - then the value of USDT is also 52 Pesos

If the value of US Dollar goes down to 49 pesos then the value of USDT goes down to 49 pesos too.

most of traders or users in Binance use USDT

In Available - how much USDT we got. So I got 52.39 USDT

Here in To - this is where you put what you want to buy or trade

put here that amount that you like, 20 is the minimum to convert

let's try 25 then preview conversion

so you will receive 0.00049 BTC

We are converting 25 USDT, that is what we are going to give

and we will receive this BTC - 0.0004

Rate is how much is the exchange rate

Qoute expired means - The value is now different

Because here in coins or crypto currency - The value moves quickly

so click refresh

refresh is done - click convert

Conversion successful

We don't have 25 USDT, but we not have 0.00049 BTC

our USDT was reduced because we converted

we now have 0.0006 BTC that is worth 35 US Dollars

So our conversion was successful, it added to our BTC Wallet

Here in Spot, this is the trading screen, this is where we are going to trade

This is the one that is intimidating but this is easy and I will show it to you

Let us show first, what we are going to trade

Right now we are BTC / USDT

We are going to buy BTC using USDT or We are going to sell BTC then we are getting USDT

to change what we are going to trade, click on this part

Favorites - is favorites on my account

It's fine if this is blank on your account - let's go here first on the right side

BNB - We are going to use BNB to buy or if we sell , we are getting BNB

I It's the same if we click on BTC

So if we are going to buy we will use BTC, and if we are going to sell we are going to get BTC

I swipe it to the right, you can find USDT here

because I am using USDT most of the time when buying or selling

By the way USDT is still a crypto currency and I cannot guarantee it's stability

until when it can match the value of US Dollars, I cannot guarantee that , just be careful in any crypto currency

We can now search what we want to buy

Example, we want to buy XRP

So the XRP / USDT appeared, if we click on this

so the partner in our trading screen changed

Early on it was BTC / USDT now it's XRP / USDT

On the right side - you can find people buying and selling

This is the price they set on how much they are selling their XRP

at the bottom - Green - they are the one buying

0.9238 USDT per 1 XRP

and they are buying this amount - 16k XRP at this price

so that's it on the right side - what other binance users are buying and selling

So buy and sell - if you are going to buy XRP - you must be here in BUY

If you are going to sell XRP then you must be in sell

if we click on limit - the other types of spot trading will appear

We will discuss limit and market because this is the one for beginners

let's discuss market first, so in market guys

The difference with limit is - here in market you will not set your price

binance will set the price, when you click buy it will buy the lowest price for sale

You will also sell at the highest price set by buyers

Example we are going to buy XRP and the cheapest price is 0.9236

if we buy - it will buy here at 0.9236 because this is the cheapest one

let's discuss this AVBL first or available

so 27.35 USDT so here is the USDT that we got in our Binance account

here on this blank - of how much USDT we are going to use to buy XRP

Example 20, so this is possible because we have 27

if we put 30 here - this is not possible because we only got 27

here on percentage - 25 - 50 - 75 - 100

This is the percentage of USDT that you have

example let's click 100%, this means that 100% of your available USDT - you will use that to buy XRP

so 75% - this is equivalent to 20.51, this means that this is 75% of our available balance in our Binance wallet

Example let's click buy XRP

so it was successful immediately, we were able to buy XRP using USDT

we were able to buy instantly because here in market - this is instant Buy or Sell

whatever the price is lower - you will be able to buy it immediately

You will see that here in history then order history

So this is the transaction earlier , XRP/USDT, we buy

It says filled already meaning it's already executed - we bought 14/14 XRP already

This is the price when we bought the XRP so 0.92 USDT per 1 XRP

Let's go to wallet >> here in spot

so you can see here in our XRP ( I can't remember how much XRP I got earlier)

but now, we now have 14.16 XRP in myBinance account

instantly after we trade, the XRP that we bought immediately goes to our Binance wallet

it is the same in Sell

Example 75% so 10 XRP

so let's click sell XRP, so theres an error , the total must be greater than 10

so it should be 11 12 etc, so let's add one more

so 11, let's click sell XRP

It's already successful , our XRP was already reduced

If we click here in buy, you will see that our USDT have been increased

because we sold our xrp , by the way as you can see

if we are trading here in market, the minimum is 10USDT per transaction

in conversion earlier - the minimum is 20 USDT

by the way this is not how you trade, just sell and sell - buy and buy

the goal in buying and selling of cryptocurrencies is - we will buy the coin when it's cheap then sell it if the price goes up

Example BTC is currently 2 Million, we are going to buy at 2 million then if it reaches 3million, we will sell our BTC

so we can earn cash

if you buy when the price is low then sell when its high then you will make profit

but here in cryptocurrency or trading, we can earn or lose money

how to lose money , buy when the price is high, example you buy bitcoin at 3million per 1 BTC, then you sold it at 2 million

then of course the value will be lower, the amount you will get when you sell it will be lower

then you will lose money

so let's go to limit in spot trading

the good thing about limit is you can set price

Like how much you want to buy XRP or how much you want to sell

Example we want to buy - here what amount you want to buy , so 15

here below - you will see how much USDT you need to buy 15 XRP

You can change the price here

example I want to buy XRP when it reaches 0.90

because the current price is 0.98 per 1 XRP

I want to buy when it's already 0.90

So I put 0.90 here

if I click buy XRP

you will see that it placed the order, it will now then appear here in open orders

this is not fulfilled you just placed an order, this is called open order

like I want to buy XRP at this price

so it is just - you want to buy but you haven't been sold any XRP yet

because the price haven't met yet , the current price is 0.9242

so your open order is still in here

This will not be fulfilled until it reaches the price that you set

so amount it is still 0/15 - this means you still haven't bought any xrp

price is how much you set the price

you might wonder why the available balance in our USDT was reduced

so now it is 11.06, but our order is not yet fulfilled.This is because it is still in open order

but if we cancel this one, we are cancelling this one now because this will take a while, so let's cancel

so the balance will return here in available, let's wait

as you can see, the available is not 24 USDT again

We will buy XRP close the market price so it will be fulfilled

we will buy 15 XRP, and we are going to put the price

0.9236, we are going buy at this price

let's click buy XRP

you can see it below already in open orders

let's now wait for this to be fulfilled , until it reaches the price

the current price is 0.9238

you can also see there is an arrow, it means our order is in there

ok homemates, it is not in the open orders already - it means that our order already completed

our buying of XRP

you can see that in history, open orders is empty because our last order was completed

this is our last order, it says filled already meaning it was fulfilled already

meaning we already have 15 XRP

you can also see our cancelled orders here in open order, this is the one we cancelled earlier

trade history only shows fulfilled orders, you can't find open order or cancelled orders here

then lets return to wallet

you can see that we already have 18 XRP because we bought 15

our USDT is now just 10 USDT

We forgot to discuss this earlier, this funds - lets click this one

So this is just the current pair assets, so our XRP since we are at XRP/USDT

XRP and USDT will appear here

lets scroll down - you can see our other coins or assets here in binance

XRP/USDT charts click on the up

you can see here it's current graph - when the price is going up or down

this one is per 1 minute - the candles will be set to 1 minute

this one 5 minutes, this is like the interval of the candles

this is advance tutorial already, and there are lots of people better than me

when it comes to candles, technicals, reading graphs

find a guide when it comes to these topics

we were able to buy and sell cryptocurrecies or bitcoin

if you want to buy bitcoin just click here BTC/USDT

it will appear here, you can now bitcoin

so we got a guide how to cash in funds here, so you can buy bitcoins, we have a full guide, on how to transfer funds going to your binance account

we also have p2p trading here, this is an easier way to cash in

like you can buy USDT using Gcash

comment in our comment section p2p tutorial if you want a guide

how to use p2p

if you want to learn the ways how to earn in bitcoin, watchi this video next