Tutorial 2 – Binance
Binance is rapidly growing crypto-exchange that offers NEO trading for its customers. Binance automatically distributes GAS to all NEO holders on their platform.
Step 1: Create an account on Binance
Create an account with your e-mail and a strong password via the following link: Click here
By using our link or the referral ID 10908300, we will receive a portion of your trading fees, that would usually fully go to Binance. This way, you can support our site without having to pay anything.
Step 2: Deposit on the exchange
Once your account is set up, log in and go to „Funds“ and „Deposit Withdrawals“ in the top right menu.
Choose the currency that you want to deposit. Binance offers trading pairs of Bitcoin and Ether for NEO. Therefore it makes sense to deposit either BTC or ETH. Click on „deposit“ on the right side of the page. A dropdown window opens, where you can see your deposit address for the currency you have chosen. Send the currency to the deposit address and wait until the transfer is confirmed. Once it’s confirmed, you will see the coins shown in you balance.
Step 3: Buy and trade NEO
Click on „Exchange“ on the top right menu and choose „Basic“. This will take you to the trading desk.
Choose the NEO trading pair in the top right of the trading desk. If you deposited BTC, simply click BTC and choose the pair NEO/BTC below.
Now you are able to buy and then sell NEO for limit or market orders. Put the amount of BTC in that you want to trade against NEO and click buy. If you issue a limit order, you put a certain price that other users have to trigger. If you issue a market order, you directly buy the sell order from other users off the market.