Billance Exchange is a cryptocurrency service platform based in Singapore. With this exchange, you can trade mainstream crypto-assets like BTC, ETH, SOL, DOT, and USDC, which is popular among global investors.
The exchange supports over 50+ Crypto Pairs with millisecond-level trading experience, trading crypto derivatives with up to 100x leverage.
In this beginner-friendly guide, we walk you through the basics of this Exchange Platform. You can scavenge through Billance Blog for more details about the Exchange.
Important Features of this Exchange;
- Their live-chat customer support helps to connect with customers.
- You can conveniently trade any digital asset of your choice since the exchange has desktop and mobile versions (both on IOS and android devices).
- They have 20 Million USDT worth of insurance funds. So there's a good chance of a refund in worse-case scenarios.
- They are fully licensed by EMI from FCA, the USA's MSBs & FinCEN.
You can get more details about Billance Exchange from our review below;
How to Get Started with Billance Exchange?
Step 1: Register Account
Step 2: Complete Verification
Step 3: Deposit Crypto
Step 4: Buy Crypto
How to Register Your Account
For the web version;
Go to www.billance.com to enter the official home page of Billance and click on the upper right corner to “Register”.
Choose between email or phone number to register an account, then you fill in the relevant information to complete the registration.
Click on the big blue "Register" button once your details are complete.
For the App version;
New users must click on the profile icon at the top left of the page, which would direct you to an interface where you have to either login or register your account.
Click on the "Register" button.
Once you're at the registration page, choose between email or phone number to register, and fill in the relevant information to complete the registration process.
Once your details are complete, click on the "Confirm" button.
How to verify your account
Your account must be verified to remove the limits on how much you can buy, deposit, and withdraw. This process usually takes a few minutes.
First, you must verify your basic account information by showing proof of ID and upload a selfie or portrait of yourself.
To start, from the Home Page, click on the Profile icon.
On this page, click on the "unverified" button to verify your account.
Click on the big blue "verify your account" button.
On the verification page below, enter all your details and click on "submit."
Secure your account with Google authenticator
The next step is to enable the 2-factor authenticator (2FA). Google Authenticator is the most recommended way to keep your account safe.
Click on the following link to bind your account with Google authenticator:
How to buy crypto on Billance
You can either buy using the p2p trading method or the third-party payment method.
With p2p trading, you buy from crypto vendors registered with Billance, while for third-party payment, you're buying directly with your registered credit/debit card.
On the home page of the exchange platform, click on "Buy Crypto."
It'll take you to where you choose between P2P trading or third party Payment.
Now for P2P trading;
Click on the "P2P" button and enter the crypto asset of choice; usually between USDT, BTC and ETH. After selecting your desired crypto coin, click on the filter icon, which should lead to a page where you make payments.
Enter the amount of crypto asset you wish to purchase, and the corresponding payment method.
Then, you click on "Confirm" to execute your desired payment.
For third party payment method,
Since your card details are already registered, enter the amount of fiat you're willing to pay in exchange for "USDT" and then click on "Confirm"
How to deposit Crypto into your account
After completing your identity verification you can choose to buy a stable coin using a credit card or you transfer your crypto assets from another exchange to Billance.
How to Deposit Cyptocurrency
Open the app, click “Asset” in the lower right corner to enter the asset page, and select "Deposit".
2. Select token, such as USDT.
Select your desired "Chain Name" and click "Create Address" to generate an address. Copy the address or scan the QR code to the platform where you withdraw money, and then deposit to Billance.
How to withdraw your crypto assets
Open the app, click “Asset” in the lower right corner to enter the asset page, and select "Withdraw".
For the security of your account, you must complete the PIN and Google Authentication (2FA) setting before the first withdrawal
Click to set PIN.
Enter your New PIN Code and confirm it.
Select token, such as USDT.
Fill out the relevant information to complete the withdrawal. Click the on "withdraw" button to complete transaction.
What is Billance Earn?
Billance Earn is a form of fixed savings system which allows users to enjoy a 100% annual percentage yield(APY). All you have to do is fix a crypto asset of choice for a year's period and get a 100% ROI.
How to Subscribe to Billance Earn
The following procedures should guide you;
Log in to Billance and select "flexible savings" to enter the subscription page.
On this page, you can see the estimated APY value each crypto asset will yield. This is to provide a sort of guidance on the particular crypto asset to invest in.
Enter the amount you're staking and agree to the "Billance Wealth Management Service Agreement" (BWMSA). And finally, "Confirm" your transaction.
Billance exchange is still in its infancy because it was launched in 2021. From its inception till date, they have made significant progress compared to their counterparts with equal life span.
They're currently working on their NFT marketplace. But the official date of its Launch is yet to be disclosed to the public.
Finally, we advice users to carryout extensive research on any exchange platform they'd like to invest with. You can visit our Exchange Preview platform to get acquainted with different exchanges before picking one to transact with.
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