In this lesson, you’ll find out:
- What is a crypto exchange and what are their types;
- Why Binance and who is CZ;
- How to create an account and get verified on Binance;
- How you can earn on Binance, besides trading.
Complete the assignments:
- Register on CryptoRobotics automated crypto trading platform.
- Enter ACADEMY_PRO promo code for free activation of 1 month of Expert PRO premium plan. Find a step-by-step manual here.
- Register a Binance account at the link (if you don’t have one yet).
- Undergo a KYC verification (again, if you haven’t completed before).
— If you forget any of the registration steps, you can refer to the PDF presentation of the lesson. - Create a Binance subaccount directly in CryptoRobotics following this manual.
Supplementary materials:
let’s check your knowledge
1. Buying a digital coin on one platform and selling it on another in order to make a profit due to the difference in the exchange rate is:
- Arbitrage
- Exchange
- Order book
2. On a decentralized exchange, money is stored in a wallet of:
- Exchange
- User
- Broker
3. Commission is a payment for services for the opportunity to buy / sell crypto. What services do we pay for?
- User services
- Seller services
- Exchange services
4. Identity confirmation on the exchange is:
- Authentication
- Verification
- Denomination
5. To register an account directly on the Binance exchange, I need to confirm:
- My Telegram account
- Phone number
- My Coinmarketcap account