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Binance Masterclass: The Ultimate Guide to Using Binance

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Video Transcript







hi everyone




00:04


and welcome to today's finance




00:06


masterclass session




00:07


um that will go over how to use binance




00:10


um and help you




00:11


start your crypto journey with us so




00:13


this is an ultimate guide




00:15


to using binance so there's going to be




00:16


a lot of content




00:18


some of which you might know already so




00:21


feel free to skip ahead




00:22


to specific sections within this




00:24


masterclass




00:26


but i'll also give some some several




00:28


tips and guidance on some of the common




00:30


problems faced with in each section




00:32


and hopefully um try to answer as many




00:35


users questions as possible




00:37


so let's kick off um some housekeeping




00:39


rules uh we'll




00:40


actually have a master class exam which




00:42


you can find by clicking on this link




00:44


here i'll also post on the live chat




00:46


right now




00:46


so everyone can easily access it




00:49


essentially there'll be a total of 24




00:51


questions




00:52


which will be about the content




00:53


presented in this masterclass and if you




00:55


get about 80




00:57


um or above then you win a reward and




01:00


this reward will be shared across all




01:02


winners from a total prize pool about 2




01:04


000




01:04


pounds in bnb so definitely take part




01:08


as it's really um it's a quick and easy




01:10


way to earn some free crypto




01:12


uh by learning about our platform but




01:14


also um




01:16


kind of guiding throughout your journey




01:18


at binance as well




01:20


so some some rules and the master class




01:23


exam




01:24


will be available um for only a week so




01:27


end actually next week on the second of




01:30


april um 11 59 pm utc




01:34


um you actually need to join our




01:35


telegram community which is linked here




01:38


um to be eligible to receive the reward




01:40


um




01:41


and you also need to provide us your




01:42


binance referral id because we'll use




01:44


this to determine




01:45


um the winners and actually distribute




01:47


the rewards as well




01:49


so that's it regarding the the exam




01:53


some more housekeeping rules so i think




01:55


i really want to address this first




01:57


um in regards to sort of finance support




02:00


so we actually do have a




02:01


binance faq section so if you do have




02:04


any questions




02:06


um you can feel free to um kind of




02:08


access this link




02:09


and type in your kind of issue




02:13


query and you'll be able to see um an




02:16


article that should address




02:17


um your main concern we actually also




02:20


have a




02:21


section which um regularly pushes out




02:25


finance announcements




02:26


so i know a lot of people um are




02:30


wanting to find out about listings about




02:32


product updates so




02:33


you can definitely find out this




02:35


information




02:37


via our finance announcement section um




02:39


in regards to binance customer support




02:42


so this is something to to kind of




02:44


emphasize




02:46


is that customer support is only




02:49


accessible via live chat




02:51


so actually there are no customer




02:53


support um




02:54


agents outside of these means so we




02:56


don't actually have any customer support




02:59


on social media on telegram on on email




03:02


it's




03:03


it's all um accessible via live chat on




03:06


binance




03:08


so that means be aware of impersonators




03:11


scammers




03:12


and people claiming to be customer




03:14


support




03:15


please please please do not send anyone




03:18


money or give out your account




03:19


information especially as we see a lot




03:22


of




03:23


hackers and scammers kind of stealing




03:26


people's money




03:27


so please be aware of these we will not




03:30


do any




03:31


air drops on telegram we will not give




03:35


will not promise to give any returns




03:39


by sending us money so please be




03:41


cautious




03:42


of impersonators and scammers




03:47


so moving on to kind of the introductory




03:49


part of this




03:50


masterclass so i think i kind of want to




03:53


touch on




03:54


what is binance so what do we do at




03:57


binance




03:57


what is our um sort of product




04:01


and what are we trying to resolve uh




04:04


what problem we're trying to resolve




04:05


so in short finance is a crypto asset




04:09


marketplace




04:10


that exchanges fiat currencies into




04:12


crypto currencies and vice versa




04:15


what do i mean by fiat and crypto or




04:17


fiat is a government-backed




04:19


currency um much like the




04:22


um gbp um or euro or




04:25


a us dollar or the chinese yarn




04:29


and these are traditional currencies




04:32


that




04:32


are very much government based and we




04:35


use this on a




04:36


day-to-day basis and cryptocurrencies




04:39


are currencies that are created




04:42


via blockchain technology and these are




04:45


currencies that are not




04:46


government-backed




04:47


but are technology and mathematically




04:51


um sound um sort of currencies




04:54


so these cryptocurrencies can be about




04:56


bitcoin ethereum




04:59


litecoin etc etc so we're essentially a




05:02


marketplace that exchanges




05:04


your fiat currency with a cryptocurrency




05:06


and vice versa




05:08


and a perfect example of this is if you




05:10


are wanting to travel to different




05:12


country




05:13


you go to your local exchange and




05:15


actually you check you exchange your




05:18


your local currency with the uh the




05:20


currency that you want to visit




05:21


so we're essentially like that but for




05:23


uh for for cryptocurrencies




05:26


um just a bit of kind of historical




05:28


background finance was actually started




05:30


in july 2017




05:32


and um you know we've been um




05:36


in business for over three years and we




05:39


we actually lead the




05:40


crypto ass industry uh by trading volume




05:43


and we are used by millions of users




05:45


in over 180 countries now why do people




05:49


pick us




05:50


why should you choose us um well we are




05:53


a low-cost




05:53


fee provider we're actually one of the




05:55


lowest uh we actually offer one of the




05:57


lowest fees in the industry




05:59


um less than 0.1 trading fees




06:02


we have we offer a diverse portfolio of




06:05


coins to choose




06:06


from of 1 000 coins it's mainly the




06:08


reason why people pick us because




06:10


they access such a variety of different




06:13


assets




06:14


and we actually have high order book




06:16


liquidity now this is something for the




06:17


tech




06:18


for the sort of advanced traders but




06:21


essentially this means that




06:22


we um we kind of give less uh




06:25


press um slippage for sort of volume for




06:28


high volume of trades we also offer




06:32


fast execution time so this is a




06:35


astonishing statistic but we can we've




06:37


seen the platform do about 1.4 million




06:39


orders per second




06:40


and that's quite vast amount and if you




06:44


think about




06:44


an exchange a global exchange




06:48


and something i kind of want to touch on




06:49


is we are actually protected by the




06:51


safety fund




06:52


which is a fund that is dedicated to




06:56


safeguarding us from you know being




06:58


hacked




06:59


and and basically the safety fund is a




07:03


fund that is locked up in a cold wallet




07:05


treasury this is a fund




07:07


that is only going to be available to




07:10


reimburse users




07:11


if we do get hacked or in situations




07:13


where we do get




07:15


where users do lose funds um and




07:18


this fund is is actually self-generated




07:21


by users themselves you know about




07:22


roughly 10 of trading fees




07:24


are put into this called wallet treasury




07:26


so as you can see the more users that




07:28


actually use the platform




07:30


um the more fees that we generate in the




07:33


safety fund and the




07:34


and the safer and the more secure the




07:36


platform is




07:37


so moving on to sort of our vision




07:40


mission and




07:40


i guess our core values i think what




07:44


kind of differentiates finance from




07:46


other crypto asset players is that




07:49


our vision is is of a world where people




07:52


have the freedom to




07:53


access spend own store and earn money




07:57


and our vision is to increase this um




08:00


this freedom of money




08:02


this freedom of of allowing people to




08:05


to kind of become sovereign over their




08:07


wealth




08:08


and how that aligns with our mission is




08:10


we want to become the infrastructure




08:12


provider




08:13


for crypto in tomorrow's world so um




08:16


this heavily




08:17


falls with our core values of being user




08:20


focused




08:21


and some of the ways that we are trying




08:23


to to implement this




08:25


on a wider scale is if this is a nice uh




08:27


cool infographic over




08:29


the binance ecosystem um last year but




08:31


it just goes to show that you know we




08:33


know binance as a brand is so much




08:35


bigger than just




08:36


an exchange we actually offer a lot more




08:39


services and products




08:42


and a lot of these services and products




08:44


are used by different




08:46


players within industry so we're




08:48


essentially trying to build this




08:49


infrastructure




08:51


that allows the industry to mature to




08:53


grow




08:54


and to better sustain itself over the




08:56


long term and you know finance is




08:58


it's at the core of this mission




09:03


so let's actually get into the




09:05


presentation




09:06


and um i've broken this presentation




09:08


into




09:09


into six different sections so as you




09:11


can see here um you know the first




09:13


section is about




09:14


registering your accounts the second is




09:16


about verifying your account




09:18


um depositing funds into your account




09:20


trading and buying crypto




09:23


securing your account and then lastly




09:25


i'll touch on how to withdraw funds




09:27


um as well so let's get started with the




09:30


first section




09:31


so how do you register on binance so




09:36


simply report




09:37


um you can find our platform by




09:40


typing in the search bar www.binance.com




09:43


um and essentially you'll be directed to




09:45


our home page which you can see here




09:47


and there are essentially two buttons to




09:49


register




09:50


you click on register now it will direct




09:53


you to




09:53


our landing page to register you enter




09:56


your email




09:57


password and then what happens there is




10:00


you will receive a




10:01


verification code to then enter




10:06


as you can see here you receive it via




10:08


the email um this




10:09


will contain about six digit numerical




10:12


code




10:13


and then you enter that into the




10:15


verification code




10:17


section and then that's pretty much it




10:20


it's actually really simple to register




10:21


an account




10:23


what we do find is we do have some users




10:26


struggle to receive this email




10:27


verification




10:28


and so if that's the case please double




10:31


check your spam and junk folder




10:33


if it's still not there you need to try




10:35


to white list




10:37


the binance email address and i provided




10:39


an faq guide right there




10:41


to show you how to do this but




10:43


essentially it allows you to




10:45


manually receive emails from these




10:48


binance addresses




10:49


so that should solve the issue if that




10:52


still doesn't solve the issue you can




10:53


contact our live




10:54


chat support where you can speak to a




10:57


customer support agent directly and




10:58


they'll be able to diagnose




11:00


and further assist you with your email




11:04


registration so let's move on to the




11:06


next section so this next section




11:08


you actually need to prepare so you




11:11


actually need an id documentation




11:13


this could be a possible id card or




11:14


driver's license




11:16


and a photo of a selfie slash headshot




11:19


so the reason why is because we are




11:22


moving into




11:24


verification so how to actually verify




11:26


your identity on




11:28


binance so it's actually really simple




11:30


to




11:31


to verify your identity you can find it




11:33


by going on the homepage




11:35


going in the navigation bar clicking on




11:37


this icon




11:38


that's your profile icon here and then




11:41


click on identification




11:43


you'll then be directed to the um to the




11:45


identification page which you can see on




11:47


the right




11:49


and then you just click on verify it's




11:50


it's as simple as that




11:52


now there are three steps to verify in




11:54


your account




11:55


the first step is filling out basic




11:58


account information




12:00


so this is essentially you know your




12:02


first name your middle name your last




12:03


name your date of birth your residential




12:05


address




12:05


um you know your posts are called all of




12:08


the things that you would expect from




12:10


from reducing an account um and then




12:13


once you've completed that then it moves




12:15


into




12:16


the id documentation so like i mentioned




12:18


before




12:19


there are three types of documentation




12:21


that we accept which is id




12:23


card passport and driver's license




12:26


and you're able to choose one of these




12:28


three options to then upload




12:30


um the documentation now once you've




12:33


uploaded the documentation the last step




12:36


which is the




12:37


selfie or portrait photo now this is




12:41


a way for us to be able to match your




12:43


face




12:44


with your identity documentation so




12:48


um definitely if you have a kind of a




12:51


photo in your




12:53


in your kind of computer definitely




12:56


upload that if you don't have any




12:58


um then you can take a photo or a live




13:00


selfie




13:01


but essentially once you've done all of




13:03


those three and then your verification




13:06


has been sent to review and typically




13:09


um it takes a couple of minutes to a few




13:12


hours for your verification to be




13:14


processed




13:15


lots of helpful tips and advice um so




13:18


again apologies for my my illustration




13:21


on the left but i think




13:23


um it's it's good to illustrate these




13:24


because obviously some users do have




13:26


problems with




13:28


with their verification status so um




13:31


you know one first tip is you know take




13:34


off the photo from a bird's eye view




13:36


a 180 degree angle on a white background




13:39


so as you can see here i'm looking




13:41


pretty much um i've got the camera




13:44


parallel




13:45


with the with the documentation and i'm




13:47


taking it as i'm looking down like a




13:50


like a bird pretty much um and




13:53


second is to ensure that the photo is




13:55


clear and visible without any glares or




13:57


sunlight so




13:58


make sure when you do take the photo




13:59


that there's no glares that you actually




14:01


can




14:02


read all the lettering within the




14:04


documentation




14:05


quite clearly this third




14:08


point is actually very important provide




14:10


id documentation from the country you're




14:12


living in




14:13


and make sure that the id is actually up




14:15


to date




14:16


most of some users actually provide you




14:19


know documentation from different




14:21


country of residents please make sure




14:24


that you are




14:25


providing documentation from the country




14:27


you are living in




14:28


as it might it might not be fully




14:32


processed




14:32


um correctly and then the last is ensure




14:35


your face is free from obstruction




14:38


so make sure you don't wear any glasses




14:40


and make sure that you




14:41


your face is quite clear without any




14:43


hair um




14:45


kind of covering your eyes um or




14:48


you know don't wear any hats so




14:52


so essentially those are the good




14:54


examples




14:55


some bad examples i kind of want to go




14:57


briefly touch on




14:58


some of the bad examples so the first




15:00


example




15:01


so you can clearly see that the the




15:03


photos blurred




15:05


and that there is some lettering behind




15:07


documentation now this wouldn't be




15:09


accepted




15:10


the second example um you can actually




15:12


clearly see




15:13


the um the lettering but the because the




15:15


angle of the




15:16


passport um is not 180 degree angle this




15:20


would actually not be




15:21


accepted as well the third example well




15:24


this is




15:24


pretty self-explanatory um the face is




15:27


half cut you know you can't read




15:30


and you can't see the whole passport so




15:32


this would be also uh rejected




15:34


um and the third although you can see




15:36


the passport




15:37


within the photo it's 180 degree angle




15:40


there's actually a glare




15:41


so you actually can't read um the




15:44


information on the photo




15:46


clearly so all of these examples would




15:48


fail um




15:49


and i think it's good to kind of




15:51


illustrate so that you can better avoid




15:55


and actually manage your verification




15:58


process




15:58


really simply so once you've




16:02


verified your account and it's actually




16:03


approved you now




16:05


have unlocked some limits for your




16:08


account and what i mean by this is




16:11


it you know for fiat for for depositing




16:14


and withdrawing




16:15


you actually unlock about 43 000




16:18


pounds per day so that means you can




16:21


deposit up to 43 000 pounds and you can




16:23


withdraw up to 43 000 pounds per day




16:26


um just a small note um you actually we




16:29


do actually limit




16:30


um single transactions to 4 000 so what




16:33


this means is you can actually




16:34


only do one transaction of 4 000




16:37


every time so um what this means is




16:41


um essentially it just means you need to




16:43


do multiple 4 000




16:45


pounds of transactions if you want to




16:47


you know deposit more than 4 000




16:49


for the day um and to lock further fiat




16:52


limits you need to complete




16:53


address verification which i'll kind of




16:54


touch on the next slide




16:56


uh for the cryptocurrencies aspect you




16:59


actually have a daily deposit limit of




17:01


unlimited so you can actually deposit as




17:04


much as you would like




17:05


and with the account verification you




17:07


actually




17:09


increase your withdrawal limit on your




17:11


btc or equivalent




17:15


so how to verify your address so um this




17:18


would




17:19


this would be only be for select users




17:21


that want to




17:22


increase their fiat deposit and




17:24


withdrawal limits to 172 000




17:26


pounds um you can verify your address by




17:28


clicking on the verify button below




17:30


and you can only do this after you




17:32


complete and successfully




17:35


pass identity verification previously




17:39


so again some kind of summary of the




17:41


helpful tips and advice




17:43


so if your verification keeps getting




17:45


rejected




17:46


um you know the main reasons are




17:49


is that the simplest of glares will




17:54


kind of reject the the documentation or




17:57


if there's bad lighting or if the ankle




18:00


of the photo is not 180 degrees and




18:03


these these




18:03


these reasons can often um cause




18:06


rejections




18:07


so please try again um submitting your




18:10


photo




18:11


using the tips i mentioned uh previously




18:13


and hopefully you can actually start to




18:15


get approved




18:18


if you still have issues obviously you




18:20


need to




18:21


contact our customer support via live




18:23


chat




18:24


some helpful tips is if you do contact




18:27


live support




18:28


please attach an id documentation of the




18:30


passport driver's license or id card




18:33


and also attach a video recording of




18:35


yourself holding up the id documentation




18:37


if you do these two by go if you do




18:40


these two first um




18:42


it will help to speed up the process of




18:44


actually getting your account verified




18:48


so that's it that's pretty much it in




18:50


terms of account verification now once




18:52


you've registered an account once you've




18:54


verified your account




18:56


the next stage is to deposit funds




19:00


so there's actually two ways of




19:01


depositing funds in your binance account




19:04


there's fiat currencies and there's




19:07


cryptocurrencies




19:08


so like i mentioned before fiat




19:10


currencies are traditional currencies




19:12


that are government-backed




19:13


and we use these on a day-to-day basis




19:15


this is the pounds this is the us dollar




19:17


this is the euro




19:19


um essentially there's two ways to




19:21


deposit fiat currencies there's bank




19:22


transfers




19:24


and this is via faster payments and then




19:26


there's the bank




19:27


card and this is via visa or mastercard




19:31


now the second way to deposit funds is




19:33


through cryptocurrencies




19:35


and we use something called a crypto




19:37


deposit address which i'm going to touch




19:39


on later on




19:40


in this in this section but let's start




19:43


with actually depositing




19:45


fiat funds like gbp so like i mentioned




19:48


before there's two ways to deposit




19:51


fiat funds there's the bank transfer and




19:53


there's the back card you can actually




19:54


access these




19:55


two methods by going on the home page




19:58


i'm going on the navigation bar click on




20:00


buy crypto which you can see here




20:02


and make sure that you select gbp as




20:05


your local currency




20:07


and then click on back deposit




20:10


so what this does is it directs you onto




20:12


this page which




20:13


actually can see here on the bottom




20:15


there are two sections




20:16


there's the faster payments and there's




20:18


the back card click on the faster




20:20


payments and you can see here on the




20:21


right




20:22


and you can enter your amount




20:26


once you've entered the amount then you




20:27


are given certain bank details




20:31


so essentially these bank details that




20:32


are presented on the right




20:35


you will need to now go to your bank




20:37


account




20:38


and whether that's mobile banking or you




20:40


log in via desktop




20:42


and you will now have to add binance as




20:45


a new payee




20:47


and to send essentially you send funds




20:50


from your




20:51


bank account to to this um bank details




20:55


so just one thing to note um that these




20:58


bank details that you can see on the




21:00


right




21:01


these are individual and these are sorry




21:04


these are unique




21:05


and different to each individual user so




21:07


these details




21:08


will be unique to me everyone has




21:11


different details that they need to send




21:13


funds into




21:14


and it's it's it's our way to uniquely




21:16


identify




21:17


um which user gets which funds




21:21


so something to keep note of is uh we do




21:24


see some users




21:25


actually um incorrectly you know




21:29


misspelling certain characters or not




21:32


including the reference code




21:33


please make sure that you enter all of




21:35


this information correctly




21:37


via your bank because you may risk




21:41


losing funds




21:42


or the funds might be processed on time




21:47


i've also provided a full guide on how




21:48


to deposit gbp via fast payments at the




21:50


bottom of this slide




21:52


so you can essentially start bank




21:55


transferring funds this way




21:59


now the second way like i mentioned




22:01


before is via bank card




22:03


and this is quite simple you just type




22:05


in you know you click on that card




22:07


visa mastercard you type in the amount




22:10


and then you are given a form to fill




22:13


out your card information




22:15


etc like your card number uh your expiry




22:19


date your security code




22:21


and then essentially your billing




22:23


address and then you click pay now and




22:25


then essentially the




22:26


um the funds are transferred from your




22:28


bank card to your buying




22:30


account now typically faster payments




22:34


and bank card transfers




22:36


uh will take a few minutes to a few




22:38


hours




22:39


and you can actually see your transfers




22:42


by just scrolling down on this page to




22:44


the fiat deposit history which you can




22:46


see here




22:47


and you can actually see here all the




22:48


attempts that you've made and the status




22:50


of that whether it's processing




22:52


successful or failed




22:55


and after some time when the




22:58


the bank deposits or the bank




23:02


transfers have been successfully




23:05


approved




23:06


and you'll be able to see the gbp in




23:09


your




23:10


in your account and to be able to do




23:11


this um hover




23:13


over wallet on the top navigation bar




23:16


click on fee and spot




23:18


and you'll be directed to your wallet




23:20


page essentially type in




23:22


gbp and then you'll be able to see your




23:25


gbp




23:26


amount in this page essentially




23:30


so that's essentially that kind of




23:32


summarizes how to deposit




23:34


gbp into your bank account and now we're




23:38


going to touch on how to deposit




23:39


crypto funds now in order for me to




23:42


discuss this




23:43


i kind of want to just take it take a




23:45


step back and give some context




23:47


because i think this um sort of




23:50


depositing crypto is




23:52


is is quite complicated to newcomers so




23:54


i kind of want to




23:55


give an illustration with with alice and




23:57


bob




23:58


so so we have two people here we have




24:01


alias and bob




24:02


um essentially alice wants to send some




24:04


money to bob now in traditional sense




24:06


uh via your bank um alice niece asks bob




24:10


hey bob can you give me your full name




24:12


your account number and sort code




24:14


bob then gives alice his full name




24:17


account number and sort




24:18


code and essentially alice would then




24:20


have to




24:21


manually go to the bank and actually




24:23


send funds




24:24


to to bob this way so the information




24:26


required is a full name account number




24:28


and sort called




24:29


typically now in crypto we actually




24:32


don't ask for full name account number




24:33


or sort called




24:35


we we ask for something called deposit




24:37


address




24:38


so in this scenario alice will ask bob




24:41


for their bitcoin deposit address




24:43


and bob will then give alice his deposit




24:45


a bitcoin deposit address




24:48


now i hope that kind of illustrates uh




24:51


what um what information is required




24:54


essentially a crypto address is a unique




24:57


lettering system it's often 26 to 35




25:00


characters long




25:02


and it basically identifies a unique




25:04


quality account




25:05


like a account number in sort code a




25:08


crypto address or crypto deposit address




25:10


is just a unique identifier it's to




25:13


identify




25:14


you know a certain wallet or certain




25:15


account




25:17


you actually can think of it um you know




25:19


26 to 35 characters long




25:21


um it's similar to kind of you know the




25:25


a long number in the bank card for




25:27


example




25:29


actually that's 16 digits this is




25:31


roughly




25:32


10 more characters long longer




25:35


so essentially it's a unique




25:38


identifier to each individual account




25:41


now




25:42


second point is each crypto currency




25:45


has their own unique address formats




25:49


so what i mean by this is let's take




25:50


bitcoin for example




25:52


um bitcoin btc typically starts with




25:56


1 3 or bc one so this is an example here




26:00


of a bitcoin deposit address




26:02


and you can actually see here i've




26:03


highlighted in three that bitcoin




26:05


actually starts this address starts with




26:07


bc one




26:11


so what this means is this um this just




26:13


shows me that this is a bitcoin deposit




26:15


address




26:16


now each different cryptocurrency has




26:18


their own structure and format




26:20


ethereum will have its own structure




26:22


litecoin will have its own structure




26:24


so i think it's also good to mention




26:25


that so in case uh people are wondering




26:29


whenever they do deposit funds just be




26:31


sure that




26:32


the address is the correct crypto




26:36


on top of that the third point is every




26:38


user will have different




26:40


deposit addresses for each crypto and




26:42


what i mean by this is




26:44


let's say um i have a bitcoin um




26:47


deposit address which is bc one




26:50


q x this whole you know series of




26:53


letters




26:54


um on my balance account now if you go




26:57


to your account




26:58


and you go to your bitcoin uh wallet




27:01


you actually find out that your bitcoin




27:03


deposit address




27:05


is different to mine that means that




27:07


every user will have different




27:10


um deposit addresses for each crypto so




27:12


that's just something to




27:13


keep in mind as we move forward




27:18


so moving on to the next slide i've




27:20


again this is quite a lot




27:21


but i think this is really good for ref




27:23


printing i went if you do want to




27:25


deposit funds this is just a




27:26


a step-by-step process um essentially




27:29


what i've done here is just alice and




27:31


bob




27:31


but instead of alice bob i've just put




27:33


binary's wallet and other wallets




27:35


so in this case binance wallet is bob




27:37


and other wallets




27:38


alice you want to send money from




27:42


um you know other wallets to to your




27:45


binance wallet




27:46


and so essentially there's a




27:47


step-by-step guide on how to do this




27:50


um long story short you have to




27:53


um go to your binance wallet uh find out




27:56


what your




27:57


um sort of deposit address is




28:01


and then go to the other wallet and then




28:03


initiate




28:04


um that that process of transferring




28:08


so in short um you go to your fia and




28:11


spot wallet by




28:13


hovering over wallet at the novic top




28:15


navigation bar




28:16


click on fiat spot um type in the




28:20


the asset that you want to transfer in




28:22


so for this case we want to do bitcoin




28:24


so you type in btc or bitcoin




28:26


you can see here bitcoin is right there




28:29


you click on deposit that's next to it




28:33


and then you'll be directed to the um




28:35


the crypto




28:36


asset deposit page you select your




28:39


appropriate network so for this case we




28:40


want to use bitcoin




28:41


to transfer the funds and then uh once




28:45


you click on the network you then are




28:46


given a




28:47


unique deposit address for bitcoin so as




28:50


you can see here my




28:52


this bitcoin address starts of one so as




28:54


you can see what we mentioned previously




28:56


this is actually a bitcoin address




28:58


because it starts at one




29:00


now just something to note this bitcoin




29:03


address




29:04


is unique to me so you know if if i want




29:08


to send




29:09


a bitcoin to my own account i would use




29:11


this address




29:12


to then um transfer the funds into um




29:15


you have to do this




29:16


this process for your own wallet because




29:19


your deposit address will be different




29:21


to my deposit address




29:23


so essentially i've provided a full




29:25


guide on how to deposit crypto via




29:26


deposit address




29:27


uh below you can click on that and




29:29


they'll give you a more in-depth




29:31


um sort of summary step-by-step guide




29:34


and also show a video as well on how to




29:36


actually deposit funds




29:39


to to your balance account so that's




29:42


essentially it it's quite simple




29:44


um to summarize there's two ways to




29:45


deposit funds um




29:47


finance uh first is through fiat funds




29:51


and this is the traditional currencies




29:53


that me and you are you know mostly use




29:56


and then the second




29:57


um which is the cryptocurrencies uh for




30:00


the first




30:01


method to deposit fiat currencies




30:03


there's two ways to do this there's




30:05


bank transfer and there's also back card




30:09


and then that's they both have their own




30:11


um workflows for that




30:14


and then the second for the crypto




30:17


deposits you actually have a crypto




30:19


deposit address




30:20


which is unique for each crypto currency




30:24


so just to kind of summarize and give




30:26


you some helpful advice




30:27


um i get a lot of these questions you




30:29


know how long do deposits take to




30:31


process




30:32


it's actually quite difficult to answer




30:34


this and the reason why is because for




30:35


fiat deposits




30:37


it can take roughly a few minutes to a




30:39


few hours




30:40


it actually depends on the bank itself




30:42


it depends on your transaction amount




30:44


obviously if you want to you know




30:46


deposit 50 000 pounds




30:49


in one single transaction i don't think




30:51


your bank will




30:52


uh will easily let that goal and there




30:54


will probably be certain risk factors




30:56


involved from your bank likewise




31:00


um for crypto deposits it can actually




31:02


do




31:03


can vary depending on certain crypto so




31:05


for bitcoin




31:06


um it can take roughly 10 to 30 minutes




31:09


for other cryptocurrencies it can be




31:11


quicker or longer so definitely just




31:13


double check




31:15


that that everything is that you've




31:17


entered all the correct information




31:19


um and your deposit will be processed um




31:23


there are certain cases where your




31:24


deposit has failed




31:25


um and this typically can fall




31:28


under various reasons so




31:32


it could be if you are trying to deposit




31:33


fiat funds it could be that you have




31:35


actually insufficient funds in your bank




31:36


account




31:37


um it could be that you're reaching your




31:39


daily limit um you actually surpassed




31:41


your daily minutes so actually




31:43


now your deposit has failed or there are




31:45


certain risk factors as well so




31:47


sometimes




31:48


uh our systems actually flag certain




31:51


suspicious activity




31:52


let's say for 30 days you haven't done




31:54


any deposits and then one day




31:56


you you do a massive deposit our system




31:59


will flag certain types of




32:01


behavioral patterns as well so it




32:04


sometimes can




32:05


can be flagged like that as well




32:09


there's a third kind of issue which




32:11


which we see some users




32:13


have is you know they've already




32:14


verified




32:16


their identity but now they've been




32:18


asked to verify again




32:19


to deposit so the reason why is because




32:23


some accounts




32:24


kind of get flagged for compliance risk




32:27


this can be due to many reasons such as




32:29


being of a certain age




32:31


being from a certain country of




32:32


residence or having similar or exact




32:34


name of bad actors so




32:36


this is quite common uh we do sir we do




32:39


see




32:40


some users obviously we do actually have




32:42


millions of users on our platform




32:44


from all over all over the world um




32:48


it's unlike it's it's rarely the case




32:50


that's uh




32:52


it's really the case that certain users




32:54


uh are flagged for




32:56


similar or exact names but it does




32:57


happen so if you do have a common name




33:00


you might fall under this category




33:04


we also do find that certain age and




33:06


certain countries




33:07


are more high risk so if you're of a




33:10


certain age that is more vulnerable then




33:12


you might be




33:13


full under this category and then we'll




33:14


ask you to actually




33:16


verify further to to be sure




33:19


that um that we know




33:22


that you're able to kind of




33:25


transact and the same with countries or




33:28


evidence




33:29


so when whenever you are flagged for




33:31


compliance risk




33:32


we actually ask these accounts to verify




33:35


with the address verification which i




33:37


previously mentioned in section two um




33:39


so if this is the case of you




33:41


i totally understand your frustration




33:44


but these are




33:45


certain compliance risk factors that we




33:47


have to comply with




33:50


and essentially um all users that are




33:53


flagged have to do this




33:54


so once you're once you've verified with




33:56


address verification




33:57


um issues should be resolved




34:02


some further helpful tips and advice so




34:05


if you do have any further issues with




34:07


your bank deposit




34:08


or your crypto deposit please contact




34:10


life support




34:11


and provide a following evidence for




34:13


fiat deposits




34:14


um please provide your bank statement




34:17


showing the full name




34:18


and deposit amount if it's for a crypto




34:20


deposit transaction id




34:21


your deposit or sometimes referred as




34:24


receive address




34:25


and the token name and this will




34:27


actually allow our customer support team




34:29


to identify




34:30


um and actually investigate further




34:34


it's not uncommon that sometimes your




34:36


fear deposits




34:37


can take longer than a few minutes a few




34:39


hours




34:40


as i mentioned before some some deposits




34:43


get flagged




34:44


for certain risk factors so um




34:47


it can likely take longer for it to




34:50


resolve




34:51


um so if you proactively reach out to




34:53


our live support




34:54


customer support team and provide these




34:57


information we'll be able to




34:59


process these transactions faster and




35:02


just to kind of finalize




35:03


um for crypto deposit if you do send




35:06


crypto to a wrong deposit address




35:09


or you use the wrong network um you do




35:12


risk losing all the funds




35:14


um it's just the case of crypto it's not




35:16


user friendly




35:17


in that way um especially if there's




35:19


over 26




35:20


to 35 characters please please please




35:24


double check




35:24


that all the letters are correct that




35:27


you're depositing to the right deposit




35:29


address




35:30


and that using the right network we do




35:32


find some users




35:35


do make these mistakes and sadly you




35:37


actually risk losing all these funds




35:41


so that's pretty much it for the the




35:43


third section moving on to how to trade




35:45


and buy crypto




35:47


um so moving on through




35:50


this section so there's actually three




35:52


main ways to trade and finance




35:54


there's buy not buy crypto with cash




35:57


balance




35:58


there's buy crypto with a debit and




35:59


credit card and there's buy crypto




36:02


with the spot exchange there's also




36:04


additional methods to buy crypto




36:06


you can buy crypto with otc which is




36:09


referred to as over the counter




36:11


and convert and then buy crypto with p2p




36:14


and this allows you to actually buy




36:15


crypto physical cash and actually meet




36:18


face to face with people so i've




36:21


actually broken these down into




36:23


kind of levels of usage so so the first




36:27


to buy crypto cash balance and debit




36:29


credit card




36:30


these are mainly aimed at beginners so




36:31


people that have no




36:33


experience of trading and they have no




36:36


experience




36:37


with with crypto but they just want to




36:39


buy and sell




36:40


those two the top two are the best




36:42


methods to do that




36:44


if you're somewhat sophisticated and




36:46


you're a more advanced trader




36:48


then you would be familiar with our spot




36:50


exchange and i will touch on this




36:52


later on but i think the purpose of this




36:55


this




36:55


this presentation is just to get uh




36:58


users familiar with




36:59


the the main ways i'm not going to touch




37:01


on otc and p2p




37:03


uh for this master class but i will




37:05


probably dedicate another mask class for




37:07


those two




37:08


individually so the first thing




37:11


is to kind of understand




37:15


the user journey so you first register




37:17


an account




37:18


you've then verified your account so




37:20


you've unlocked fiat limits




37:22


now you've deposited funds into your




37:24


account so you've deposited either fiat




37:26


or crypto




37:27


and let's say you've deposited gbp you




37:30


actually have




37:31


some gbp in your bank's wallet now




37:33


what's the next stage how do you




37:35


actually buy crypto so




37:36


go on the home page go in the navigation




37:38


bar and click on




37:40


buy crypto make sure you select gbp when




37:43


it says pay with




37:45


and then you can actually see it right




37:46


there cash balance




37:48


so click on the cash balance and then




37:50


you'll be directed to the page on the




37:52


right




37:53


and this is actually a really simple




37:55


simple page




37:56


um it's actually quite simple and quite




37:57


easy to to use




37:59


so i'm not going to touch on more about




38:01


this you just essentially type in your




38:04


your amount that you have in your gbp so




38:06


if you have 100 gbp that you deposited




38:08


you can you know you can spend up to 100




38:11


gbp




38:12


to buy crypto and then you can choose




38:14


the coin that you want to buy




38:16


and then you buy btc it's as simple as




38:18


that




38:20


so the second stage um or the second




38:22


method to to buy crypto is the credit




38:24


and debit card and




38:26


similar to the previous uh process you




38:28


go on the navigation bar you hover over




38:30


by crypto




38:32


and then instead of clicking cash




38:33


balance you actually click on credit




38:34


debit card




38:35


and similar to the previous section the




38:37


ui




38:38


interfaces it's the same um it's just




38:42


now you're using a different method




38:43


now you're using credit and debit card




38:45


instead of your cash balance so




38:47


same process you type in the amount that




38:48


you have um




38:51


select the coin that you want to buy and




38:52


then you then




38:54


type in your credit and debit card




38:56


information




38:57


um and then that's actually how to buy




38:59


crypto using the first




39:00


two beginner methods now i think most




39:03


people want to understand




39:04


how do they buy and trade crypto using




39:07


the spot exchange




39:08


it's a bit more sophisticated so i




39:10


definitely would recommend




39:12


people to read more and watch more




39:14


videos




39:15


from other people as well i'll just give




39:18


a really




39:19


top-level um summary so essentially for




39:22


for trading and buying crypto using the




39:24


spot exchange




39:26


you have to go in the navigation bar and




39:28


click on markets this time




39:30


and then you'll be directed to what you




39:32


see as this page here




39:34


now i'm just going to zoom in that page




39:36


so you can actually see more clearly




39:39


now there's a lot going on i agree i'm




39:41


just going to go step by step




39:42


on what to do so starting from the top




39:46


click on spot markets and then the




39:49


second




39:51


the link below that click on fiat




39:52


markets and then click on gbp now what




39:56


this does is this is essentially a




39:57


filter option so you're filtering




39:59


um you know from all the spot um for all




40:02


the spot trading pairs you're filtering




40:04


you're just looking at the fiat markets




40:06


and specifically looking at gbp trading




40:08


pairs




40:08


so that's what you see on this left hand




40:10


here you see all the gbp




40:13


trading pairs and all the coins




40:15


associated that so let's take bitcoin




40:18


uh which is btc forward slash gbp as an




40:21


example




40:22


so what this means is btc or i guess the




40:25


first




40:26


um sort of so the first before




40:30


the first a few letterings before the




40:33


forward slash




40:35


that's indicative of the token so




40:38


bitcoin will be btc ethereum will be eth




40:41


xrp will be ripple bnb will be balanced




40:45


coin and etc and etc




40:47


so we use actually symbols or we use




40:50


tickers




40:50


to to shorten the abbreviation of




40:53


cryptocurrencies




40:54


so let's take bitcoin btc for example so




40:57


btc gbp so btc is what you want to have




41:02


or what you want to buy




41:03


and gbp is what you currently have so




41:06


for this case




41:07


we would go on btc gbp




41:11


we would go on trade and then this is




41:13


what you look what this is what you can




41:15


see when you go to the next page




41:18


again it's a bit more complicated i'm




41:20


just going to go over step by step




41:21


so the top left-hand corner you can see




41:24


the actual trading pair you can actually




41:26


see




41:26


uh the price you can also see




41:30


some cryptocurrencies or sub-crypto




41:31


trading pairs




41:33


um also have um multipliers




41:36


so like for example bitcoin gbp has free




41:39


gex




41:40


now you don't need to like know what 3x




41:43


means it's basically




41:44


in short it's just leverage you can




41:46


trade using leverage




41:48


um and essentially you have the option




41:51


to




41:51


to do that if you want to now um this is




41:53


not standard




41:54


um you don't need to to kind of opt to




41:56


do this




41:57


it's just more if it's people that want




42:00


to gain higher risk




42:05


so moving on to the next section which




42:07


you can see here highlighted it's the




42:08


timeline




42:09


so you can actually break down this




42:11


graph this this chart here




42:13


based on different time intervals so




42:15


currently we have it on one hour




42:17


so what this means is each candle which




42:19


you can see here




42:21


whether it's green or red




42:24


is is one hour so this indicates




42:27


all of these candles are one hour and




42:29


you can actually see here based on one




42:31


hour view




42:32


whether the market's going up or whether




42:34


the markets are going down




42:37


so you can actually change this interval




42:39


depending on




42:40


your preference and then




42:43


the next would be the traded pair so you




42:46


can actually see




42:47


um all the trade and pairs here you can




42:49


actually navigate




42:50


uh more conveniently on this section to




42:52


your right




42:54


um now moving on to the to the left hand




42:56


side




42:57


this is what you this is what is




43:00


typically referred to as the order book




43:02


the order book is essentially a live um




43:05


order view a live view of all the




43:08


current orders in the market




43:10


so these are the market this is the the




43:13


orders that




43:15


are non market related so these are um




43:18


orders like limit orders stock limit




43:21


orders oco




43:22


i'm going to touch on what they mean




43:24


individually in the next few sections




43:26


but these are essentially all the active




43:28


and open orders in the current market




43:31


at this moment and then the last




43:35


section is obviously the the way




43:39


to to kind of set and actually place




43:41


orders




43:42


which i mentioned you've got the limit




43:43


order here you've got the market order




43:44


you've got the stock limit order and




43:46


you've got the oco




43:47


um as well um i'm just going to go




43:50


individually on




43:50


what they what they mean so




43:54


very simply market order is you're




43:57


buying




43:58


a crypto at the market price and what i




44:01


mean by the market prices




44:03


it's essentially what the price is at




44:05


that moment when you click on buy




44:07


so this is a very simple way of of




44:10


buying crypto




44:12


and most people use market orders um




44:16


to to buy crypto now what happens if you




44:19


actually don't want to buy in the market




44:20


price




44:21


and you want to buy at a price




44:25


in the future that you think it will go




44:27


up or down




44:28


then you would actually go to what's




44:30


called what's referred to as a limit




44:31


order




44:32


a limit order is basically where you can




44:34


set your price




44:35


and you can set the amount that you want




44:37


to buy so this is a




44:39


predetermined order that you can place




44:43


and that only until the price hits that




44:46


your order then fulfills




44:48


but what happens if you actually want to




44:50


go a step ahead of that and you want to




44:52


place




44:53


a stop limit and essentially you don't




44:56


want to




44:57


um effectively um




45:00


you don't want to effectively you want




45:02


to mitigate your risk




45:04


and and essentially you want to




45:08


kind of gain a better a better market




45:11


price




45:12


so a stop limit order will be executed




45:15


at a




45:16


specified price after a given stock




45:19


price




45:19


has been reached so once the stock price




45:22


has been reached




45:22


the stop limit order becomes a limit




45:24


order to buy or sell at the price




45:27


at the limit price or better so it's




45:29


essentially a different mechanism for




45:31


you to to be able to




45:33


um to buy and place orders




45:37


now a step ahead of that if you're more




45:39


sophisticated and more advanced you can




45:41


use the oco




45:42


which stands for one cancels the other




45:45


oco




45:46


which is basically a pair of orders




45:49


combined in the stop limit and the limit




45:51


maker order on the same side with the




45:54


same order quantity




45:56


so what this means is when either one of




45:58


the orders is executed




46:00


the stop price is triggered for a stop




46:03


limit order




46:04


and the other one is automatically




46:05


cancelled so it's essentially




46:07


you're making i guess you're making




46:11


not bets but you're making trades based




46:13


on what you think the market would go




46:15


and




46:15


whichever one um hits first it will




46:18


automatically




46:20


then cancel the other um so




46:23


so that's essentially what oco is again




46:25


it's very um all of these different




46:29


methods to trade um is dependent on




46:32


what you want um to to achieve




46:36


if you just want to just hit um at a




46:39


market price you don't really care about




46:42


setting price then market order would be




46:44


good would be better for you




46:46


if you want to have a bit more




46:47


flexibility limit order stop limit order




46:49


if you want to have a bit more




46:51


sophisticated




46:52


um sort of order sets and then




46:55


ocr is essentially a bit more




46:57


sophisticated than that so essentially




46:59


we offer the ability to to be able to




47:01


trade




47:02


conveniently and have as much




47:05


flexibility




47:06


to to set trades




47:10


now if you scroll down you'll be able to




47:13


see




47:13


sort of um sort of history um




47:16


your order history so in the first tab




47:19


we have the open orders now




47:21


something to note here if you place a




47:23


trade using stop limit




47:25


if you place a trade use in a limit or




47:28


if you place a trade using the oco




47:30


what you're effectively doing is you're




47:31


effectively saying to our system




47:34


you're putting these funds into the




47:36


order book which i mentioned




47:38


earlier and that order will only be met




47:42


until that price




47:43


meets your target so effectively




47:47


these funds or these open orders are




47:49


temporary locked




47:51


until the order is fulfilled so this




47:53


means that if you have for example




47:55


you know gbp in your wallet and you




47:58


place an




47:59


open order to buy btc gbp




48:02


that gbp in your spot and fiat wallet




48:05


will actually




48:06


be removed temporarily removed and will




48:08


be placed on the open order section so




48:10


you actually be able to see here




48:12


your open order now what happens is




48:16


um those funds are not you know they're




48:18


still yours it's just moved from one




48:20


place




48:21


of your wallet to another place and




48:23


effectively if the price doesn't hit




48:26


you'll just you know those funds will




48:28


still be




48:29


locked until the price hits so if you




48:31


don't want




48:32


um the open order anymore you can close




48:34


the open order and effectively




48:36


um the funds will then reappear in your




48:38


spot and fiat wallet




48:42


moving on to the order history you can




48:43


see here so based on




48:46


your open orders you'll be able to see




48:48


all your order history




48:50


um how much um you bought how much you




48:54


selled um what's the average you got




48:58


what type of order you you did whether




49:01


it's a buy or sell what time




49:02


uh the status whether it filled or




49:04


whether you cancelled it so it's it's a




49:06


more sophisticated overview of your




49:09


order transaction history




49:12


and then your trade history is just




49:13


pretty much the same as your order




49:14


history




49:15


it just allows you to see for example




49:18


the fees that were generated




49:20


from that order from that open order




49:23


in order history as well




49:26


so that's pretty much concludes the




49:28


section from trading and buying crypto




49:30


now




49:30


that was quite a big section we did




49:32


cover how to




49:35


sort of buy crypto using three main




49:37


methods we we touched on




49:38


how to buy crypto using your cash




49:41


balance




49:42


your debit and credit card and we




49:44


touched on how to use




49:45


um the spot exchange we touched on




49:49


um how to filter to find gpp related




49:52


coins




49:53


we then went into a trade impair uh




49:55


bitcoin versus gbp trading pair




49:58


we looked at the interface we we've




50:00


broken down each of the sections and




50:01


then




50:02


we we looked at how to kind of um




50:06


why the different types of orders that




50:07


we can set




50:10


now i do get some some common questions




50:12


uh




50:13


regarding like i want to buy x coin for




50:16


example this can be any coin




50:17


but i can't find it on the spot gbp




50:20


trading pair listing so if i go back to




50:22


this slide here




50:27


if i keep going back




50:31


as you can see here on the left we have




50:33


all of the trading pairs that are




50:35


with gbp now we actually only have 12




50:38


gbp trading pairs




50:40


um and we will be adding more as time




50:42


goes by




50:43


uh but we actually if you look at usdt




50:46


we actually have over 500




50:48


um coins that are traded against usdt




50:52


usdt is more popular within the industry




50:55


and it's actually a stablecoin and what




50:57


i mean by stablecoin is it's




50:59


it's essentially pegged one-to-one in




51:01


value with the u.s




51:03


dollar so theoretically one u.s dollar




51:07


would be equivalent to one usdt




51:09


so in that way we call it a stable coin




51:11


because it's stable to the u.s dollar




51:14


so we have more tokens and more coins




51:17


with usdt trading pairs




51:20


so if you do find that you want to buy




51:23


x coin um or any coin that is not on the




51:26


gbp trading pair




51:29


you'll have to essentially buy usdt




51:33


and then usdt you would then have to con




51:36


buy the




51:37


um this the respective uh token




51:40


and all coin so to put this in steps




51:43


you buy usdt with gpp using the gbp usd




51:46


trading pair so similar to




51:48


before you just buy usdt with your gpp




51:53


you go back to markets and filter using




51:55


the usd trading pair section




51:57


you find the relevant coin for example




52:00


if you want to buy




52:01


x coin um you find x coin forward slash




52:04


usdt




52:05


and then you actually buy the x coin




52:08


with your usdt




52:09


so it's essentially you're just um




52:11


taking an extra step




52:12


to to buy that coin and then it's the




52:15


same going backwards if you want to sell




52:16


the coin




52:17


if there is no respective gpp trading




52:20


pair for that coin




52:21


you have to sell to usdt and then usdt




52:24


you then




52:24


sell to gbp so it's essentially a an




52:27


extra step




52:29


so like i mentioned we have we have 12




52:31


coins um in gbp we'll be adding more




52:33


coins as time goes by




52:35


uh but for usdt we do see a lot of




52:38


variety so um so you can definitely take




52:41


your pick




52:42


using usdt trading pairs if there's any




52:45


issues uh




52:46


any problems with with your orders not




52:49


seeing funds




52:50


um kind of missing assets in your wallet




52:55


contact customer life support and attach




52:57


any screenshots of the issue and then




52:59


they'll be able to assist you further




53:02


so moving on to the next section which




53:04


how to seek your account




53:06


so securing your account is is very




53:09


critical




53:10


and especially in this industry as we




53:12


are you know most people are targeted




53:15


and most people don't know




53:16


um sort of they don't have a lot of




53:18


knowledge on cryptocurrency so they're




53:20


more susceptible to hackers and scammers




53:23


so securing your account allows you to




53:25


add that




53:26


level of security and reassurance that




53:28


your funds




53:29


will not be hacked or stolen from




53:33


so you actually have already completed




53:36


one of the




53:36


three major steps to secure accounts if




53:39


you register an account using your email




53:41


you would have already set set up your




53:43


email verification code




53:45


and the next two are google




53:47


authentication and then




53:48


mobile sms and then i'll also touch on




53:51


the additional security measures such as




53:52


the ub key verification




53:54


and the anti-phishing are cold as well




53:59


so moving on to the first step so how to




54:02


suit your account




54:03


pretty pretty similar and pretty easy




54:06


you hover over your profile icon click




54:08


on security




54:10


you can actually see here now you can




54:13


you have i guess four different ways to




54:15


set your account




54:17


security key your google authentication




54:18


your sms authentication email address




54:20


your email address should have already




54:22


been done and so we're going to touch on




54:24


how to




54:25


to kind of verify um how to secure




54:28


account using google authentication




54:30


so first things first click on the on




54:33


button you'll then receive a popup




54:37


and that says to download the app you




54:38


can actually download




54:43


um and then you essentially on your




54:45


mobile phone once you've downloaded the




54:46


app




54:47


you then have to scan the qr code which




54:49


you can see here i've tried to scan it




54:52


what that does is it allows you to




54:54


generate




54:55


a a key which is in this




54:59


in this regard it's six digit number




55:02


and essentially what happens is um this




55:04


six-stage number you can




55:06


you have to uh apply it to the google




55:09


verification code




55:10


and then at the same time we'll also




55:12


send a email verification code just to




55:14


make sure




55:18


so typically the email verification code




55:21


once you click on send code it will send




55:24


you an email




55:25


with the six digit number you have to




55:26


type that second digit number here from




55:28


the email




55:28


and then at the same time type that six




55:30


digit number here as well




55:32


there's usually a time limit it's




55:34


usually roughly 60 seconds so




55:38


60 seconds i think this is 30 seconds so




55:40


google authenticator will




55:41


the code will refresh after 30 seconds




55:44


so




55:44


um so you have to be quick um in regards




55:48


to




55:48


doing all the um all the verification




55:52


so once you've um put your six digit




55:54


code




55:55


uh for both google verification and




55:57


email address




55:58


you now have successfully linked your




56:01


google authenticator




56:04


so the next step after this is to




56:08


secure account using phone or sms




56:11


so this is pretty simple you click on on




56:14


and then you'll be given a pop-up




56:16


um which allow you to enter your phone




56:18


number um




56:19


and then similar to the previous step




56:23


um you'll click on send called and then




56:25


it will send a code to your phone number




56:27


again it's six digit long and then at




56:29


the same time you have to do the same




56:31


thing with




56:31


email verification and the google




56:32


verification now something to bear in




56:35


mind that




56:36


is um remember there is a time limit on




56:40


these codes




56:41


so if you send your email verification




56:43


code




56:44


um the the code that you receive in the




56:47


email will be valid for




56:48


a certain period of time and the same




56:49


thing for the google verifications gold




56:51


so you have to be very fast at doing all




56:54


of the free




56:55


and making sure that you receive the




56:57


codes for each individual ones




56:59


within the time frame so once you've




57:03


now you set up your google authenticator




57:06


you've also linked your mobile




57:08


sms the additional security measures




57:12


that you can that you can do




57:15


to help secure account even further




57:17


which is a security key




57:19


um and an example of the security key is




57:21


called ubikey




57:22


and essentially what a security key is




57:24


it's just like




57:26


it's a way for you to to secure account




57:29


using fingerprint uh finger touch




57:32


so ub key you can see here as an example




57:35


they come in all shapes sizes different




57:37


formats different




57:39


makers typically the cost for a ub key




57:42


would range about 40 to 70 pounds




57:44


i would recommend people have a ubiquity




57:48


or some type of security key




57:50


because it allows you to secure your




57:51


account even further




57:54


so essentially um the same step that you




57:56


then have to




57:57


click on set up um do you then you know




58:00


insert your




58:01


ub key into your laptop or




58:04


your desktop computer and then um you




58:08


just have to




58:09


you know touch these for a certain




58:10


period of time and that's essentially




58:12


um you've binded your your security key




58:14


with




58:15


uh with your account um now the the last




58:18


security measure which would be set up




58:21


an anti-fission code




58:23


so this is actually quite simple as well




58:24


and definitely recommend everyone to do




58:26


this




58:27


so send up an anti-fission code




58:29


essentially allow you to create




58:32


a unique text which in this case is btc




58:35


20k you can create any code or any




58:38


lettering




58:39


that you want and essentially what




58:41


happens is once you've created it




58:43


whenever you receive an email an




58:45


automated email from binance you'll be




58:47


able to see your anti-fishing code




58:49


on the email now this is useful




58:53


because in case you do get emails




58:57


claiming to be from binance saying you




59:00


need to reset your account and you don't




59:01


see this anti-fishing code then you know




59:03


it's not from binance it's from a




59:05


impersonator or hacker for example so




59:08


definitely set up the anti-phishing code




59:11


it'll allow you to identify




59:13


if the email was sent out from binance




59:15


and if it's not you can report it and




59:18


ignore the




59:18


the email so again those are some




59:21


helpful




59:22


tips to to secure account even further




59:26


now if you do have any issues with




59:28


receiving codes your email code




59:31


google authentication code or mobile sms




59:33


code




59:34


i've provided some faq articles to




59:38


sort of diagnose further now if you do




59:41


have any issues




59:42


please contact live support and




59:46


explain the issue to our customer




59:47


support team they'll be able to diagnose




59:50


and help investigate further




59:52


and something to note is if you have




59:53


created an account using mobile sms




59:56


you cannot use it for another account so




59:58


you cannot use the same




60:00


authentication for another account this




60:02


is something to keep on top of




60:05


now moving on to the last section which




60:07


is how to withdraw funds




60:08


so this is the last part of this




60:10


masterclass




60:12


and essentially similar to how you




60:14


deposit there are two main ways to




60:16


withdraw funds




60:18


from your binance account um there's the




60:20


fiat




60:21


currency withdrawal and there's the




60:23


cryptocurrency withdrawal




60:25


similar to the deposit you have the same




60:27


methods to withdraw as well so for fiat




60:29


currencies




60:30


um these are currencies that are




60:32


government-backed




60:34


that are traditional um that we use on




60:36


day-to-day basis




60:38


so that's the pound that's the us dollar




60:40


oh that's the euro you can actually




60:42


you can actually withdraw um to you know




60:45


withdraw




60:46


using fiat to to your bank account using




60:49


back transfer or to your bank card




60:50


using visa or mastercard um and the same




60:53


thing with the




60:54


cryptocurrencies you can actually




60:56


withdraw cryptos




60:58


um using a crypto deposit address




61:01


so touching on how to withdraw funds um




61:05


using sort of bank transfer and bank




61:07


card




61:08


so it's a slightly different workflow




61:11


you actually have to go to your wallet




61:12


this time




61:13


so if you go on the home page um scroll




61:16


um on the top navigation bar on wallet




61:20


click on fear and spot you'll be




61:24


directed to your fiance




61:25


account click on for example um




61:29


search bar and then type in gbp um




61:32


or that's euro or it could be usd it




61:34


could be any type of fiat currency that




61:36


you want to withdraw




61:37


and then essentially to the right you




61:39


click on withdrawal




61:42


and then you'll be directed to this page




61:45


and with two different methods to draw




61:47


which is the fast payments




61:49


and then there's the bank card click on




61:52


faster payments




61:53


you then type in the amount that you




61:55


want to draw there is a minimum




61:58


amount of 20 pounds i mean depending on




62:00


your account verification




62:02


um that's there's a limit on your




62:05


maximum




62:06


as well you also see the fees




62:09


um and you also be able to




62:14


to see um in the next section um




62:18


the you'll be able to sorry you'll be




62:20


able to add um your




62:21


account number and sort code that you




62:24


want to withdraw the funds into




62:26


so something to keep on top of um you




62:28


can only withdraw to a bank account




62:30


that is currently under the full name as




62:33


your current




62:34


finance account so if i created this




62:36


account




62:37


under my name i can only withdraw




62:40


funds to a bank account within the same




62:43


name




62:44


as me i can't withdraw to a friend i




62:47


can't withdraw to




62:48


a parent i can't draw to sibling and the




62:50


the transaction will get projected




62:54


and now the same thing once you've




62:56


confirmed you'll then be given a




62:58


confirmation you click on confirm




63:00


and then with any withdrawal you have to




63:03


do security verification and this means




63:05


you use from the previous section you




63:08


use your security




63:10


um to just confirm that you are making




63:13


this transaction so




63:14


for this case it'll be email




63:16


verification or google verification code




63:18


to enter to then fully um submit the




63:21


withdrawal




63:23


and the same process will be to withdraw




63:25


funds




63:26


um now instead of clicking faster




63:28


payments you click on back card




63:30


and you type in the amount and type in




63:32


add a new card




63:35


you'll be given a pop-up to enter your




63:37


card number your expiry date and




63:38


security code similar to the bank




63:41


transfer




63:42


you have to only you can only withdraw




63:45


to a bank card that is currently under




63:47


the full name as your current bank




63:48


account




63:50


and that's pretty much in terms of the




63:52


fiat




63:54


withdrawal and you'll be you know once




63:56


the fiat




63:57


will draw has been processed you'll




63:59


receive an automated email that says the




64:01


funds has been uh




64:02


left and then obviously it might take a




64:05


few minutes to a few hours for the




64:07


of the transaction to be then received




64:09


into your bank




64:10


account or bank card now move on to the




64:13


next section which is how to withdraw




64:15


funds




64:16


um with crypto so essentially mirroring




64:20


um sort of deposit it's just pretty much




64:22


the the other way around for withdrawal




64:25


um you start with your other wallets so




64:27


for example




64:28


you log into your other wallet that you




64:30


want to send the funds into




64:31


and you click on the asset so if you




64:33


want to send bitcoin




64:36


you you click on bitcoin you click on




64:38


deposit or receive and then you'll be




64:40


given a deposit address and remember




64:42


the case in section three where we




64:45


talked about




64:47


alice and bob in this case now we are




64:50


asking




64:51


bob for the deposit address and now




64:53


we're going to use that deposit address




64:55


in binance um when we withdraw to then




64:58


you know send the money to so once




65:01


you've completed the first three steps




65:03


um you're going




65:03


then go to your binance wallet you find




65:06


the asset that you want to transfer out




65:07


click on withdrawal




65:09


and then you'll be asked to provide a




65:11


deposit address you then use the deposit




65:13


address that you got from your other




65:14


wallet




65:15


um into here and then you enter the




65:18


amount and then you enter the security




65:19


codes to complete the withdrawal




65:21


transfer now it's kind of




65:23


long-winded but i'll kind of give you a




65:24


step-by-step guide so providing you've




65:26


done the first three steps




65:28


um so you've got a deposit address that




65:31


you want to send funds into




65:33


and now you go into your binance account




65:35


you click on fee and spot wallet




65:38


and you then go to the search bar you




65:40


type the the asset that you want to




65:41


transfer out which is for this case




65:43


bitcoin you type in btc




65:45


and then you click on withdrawal




65:49


now you'll be asked to provide and paste




65:51


um




65:52


a ptc address so




65:55


you just basically copy and paste what




65:57


you have in your other wallet into here




65:59


um for this case we're going to use the




66:02


bc1 one




66:03


the example that i provided in section




66:05


three and then you




66:07


choose the network that you want to um




66:10


send the funds into so this is going to




66:11


be bitcoin




66:13


and then you type in the amount and




66:17


uh pretty much um just something to note




66:19


that there will be fees




66:21


and these fees are not related to




66:24


violence but related to the actual




66:26


network so bitcoin




66:27


um how bitcoin works is when you send a




66:30


transaction using the bitcoin blockchain




66:32


there are certain fees that get paid to




66:34


to miners that




66:35


secure the network so these fees that




66:38


you see on your withdrawal page




66:40


are not fees from violence these are




66:42


fees from the actual network so you can




66:43


actually see here on the right




66:45


there are different fees depending on




66:46


which network that you use




66:50


so be sure that you use the right




66:52


network because if you use the wrong




66:54


network again




66:55


you risk losing all the funds so once




66:58


you've clicked on




66:59


the amount that you want to transfer you




67:00


click on submit and then you get asked




67:03


to enter your security verification um




67:06


similar to sort of fiat field




67:08


withdrawals you then enter your email




67:10


verification code




67:11


google verification code and you click




67:12


submit




67:14


and that's pretty much it in a nutshell




67:17


we've discussed




67:17


over um how we withdraw




67:21


fiat and we've just now discussed how we




67:23


draw crypto




67:24


some helpful tips and advice so if you




67:26


do have any crypto in your wallet




67:29


um for example if you have bitcoin um




67:31


but you want to withdraw to your bank




67:32


account




67:33


and you actually can't withdraw crypto




67:35


to




67:36


to to to fiat you actually have to sell




67:40


crypto




67:41


to fiat and then withdraw fiat to your




67:44


bank account




67:46


so if you have bitcoin you have to sell




67:48


bitcoin to gpp




67:50


and then you initiate a fiat withdrawal




67:53


gbp to your bank account




67:55


if you have any issues with your




67:56


withdrawals please contact live support




67:58


and customer support tmo




68:00


or assist you further if you have




68:03


problems or any issues with your fiat




68:04


withdrawals




68:05


provide your transaction id your method




68:07


withdrawal that will be either




68:09


faster payments or bank card and then




68:11


enter your withdrawal amount




68:12


for crypto withdrawals is transaction id




68:15


withdrawal




68:16


send address and the token name




68:19


so that's pretty much it regarding the




68:22


master class i'm just going to touch on




68:23


now the examination




68:25


um it's been pretty long




68:29


content but everything




68:32


that we've discussed and went over will




68:33


be included in this exam




68:36


just to again reiterate there's going to




68:38


be an examination based on this




68:41


masterclass session that we just had




68:43


there's a total of 24 questions ranging




68:46


from easy to




68:47


to difficult and with the total points




68:50


uh




68:50


of with a total of 100 points up for




68:52


grabs all users that get 80




68:55


or 80 out of 100 or above will win an




68:58


evenly distributed amount




69:00


from the total price pool of 2000 in b




69:02


so it's a really really




69:04


quick and easy way to essentially earn




69:07


free crypto




69:09


so definitely click on the exam once




69:11


you've finished watching this




69:12


masterclass




69:14


you do need to join our telegram




69:16


community to be eligible




69:18


so please do that and yeah and i'm




69:21


really happy




69:22


that you have watched this mosque class




69:23


and until the next one




69:26


thank you for watching bye







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