Binance is a crypto-to-crypto exchange (users can only use it to trade cryptocurrencies) If you don’t already own some cryptocurrency, then you’ll need to buy some before you can start trading. You can use Coinbase or Bitpanda for example. Then you can trade more than 200 cryptocurrencies. Binance has its own cryptocurrency called BinanceCoin (BNB) which can be used for reduce fees.
How to open account:
- Register here, verify your mail (no KYC needed)
- Secure your account (SMS verification or Google authentificator)
- Send crypto (Funds->Deposit) to your account.
- Start trading