At this point you’ve learned the simplest way to purchase Bitcoin with FIAT on Coinbase and Binance, using a Market Order. You’ve also explored a Classic Trading Interface on Binance that introduces more trading options, such as Limit Orders and the process for selling.
As you now own Bitcoin you can use the “Convert” to trade a pair with Bitcoin and an Alt Coin. Coinbase also offers a Convert option which functions in exactly the same way as Binance, though Binance offers a much broader selection of BTC trading pairs. On Binance, the “Convert” option is available under the “Trade” tab.
You can add the amount of BTC you’d like to convert to ETH (Ethereum) or one of the other coins offered. Once you’ve entered the amount, you can preview the conversion to know the amount of BNB you’ll receive after the conversion.
Leave a Reply