bainancenews

#bainancenews
Following October’s $19B crypto market wipeout, #Binance has emphasized its efforts to support users rather than being the cause of the turmoil.
The exchange highlighted that system glitches led to price discrepancies, which in turn triggered widespread liquidations. To mitigate the fallout, Binance says it compensated affected traders with approximately $600M.
Founder Changpeng Zhao dismissed accusations that Binance was responsible for the crash, calling such claims far fetched, while underscoring the platform’s commitment to stability and user protection.

LET’S LEARN TRADING ON BINANCE LITE
If you are new to crypto or a seasoned trader who wants a simpler version of the Binance App to buy, sell, or convert crypto — presenting you with Binance Lite.
BINANCE LITE
Binance Lite is the simplest version of the Binance App providing you with a modest amount of information. In some cases, Binance Lite proves to work better than the pro version of Binance with users having low-quality internet connections or using old phone devices.
Tap on the top left corner of your home screen, you’ll see Binance Lite written at the bottom
BINANCE LITE WORKINGS
When you open Binance Lite, you’ll see a list of cryptocurrencies on your home screen. You can sort them out according to your preferences e.g., market capitalization, price trend, most popular, etc.
If you want to see the price trend of a specific coin on a simple candlestick chart, just tap on it. You can adjust the chart to display the trend over various periods.
At the bottom of the page, you will find all the necessary information and news about the selected cryptocurrency.
In addition to basic trading features, Binance Lite offers a range of Binance Earn products that can help you expand your cryptocurrency holdings.
HOW TO BUY CRYPTO USING BINANCE LITE
STEP-01
Click on the cryptocurrency you want to buy. Let's say you want to buy BNB. Click on BNB, a page will appear on which you will see a simple BNB trend chart, the current price, and coin specifics.
In the right bottom corner, you will see ‘BUY’ Click on it!
STEP-2
Write the amount you want to pay to buy BNB and tap on ‘BUY’ again!
Select the payment method from which you are going to pay to the seller and tap on ‘CONFIRM’
STEP-3
Next, you’ll see your order details, and out of BNB, you are going to get. Check out the payment details and make payment according to the seller’s terms.
After you make the payment take a screenshot and tap on ‘Transferred, notify seller’
STEP-4
You’ll see BNB in your portfolio after it. It's that easy to buy cryptocurrency from Binance Lite without any hassle.
HOW TO SELL CRYPTO USING BINANCE LITE
STEP-1
On the bottom right corner, tap on portfolio. There you’ll the assets you are having
Tap on the asset you want to sell!
STEP-2
A page will appear where all your transaction history and balance in that crypto will appear. On the top, tap on ‘Sell’
Enter the amount of crypto you want to sell and on the bottom tap on ‘Sell’ again
STEP-3
Here you go! Select the method you want to get your fiat currency into! And, you are done!
Once you get the payment, you will recheck it by logging into your account and then release your crypto!
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