How to trade on Binance DEX, Binance Dex, What is Binance DEX, How to create binance dex wallet, deposit crypto and trade on Binance DEX, How to deposit to Binance Dex
How to trade on Binance DEX
This article about Binance Dex: How to create binance dex wallet, deposit crypto and trade onBinance DEX![]() |
How to trade on Binance Dex |
What is Binance DEX
Binance DEX based on the Peer-to-Peer (P2P) protocol and allows users to exchange crypto assets directly between each other.How the Binance DEX works
The difference is that the centralized exchange constantly matches orders, and in the Binance DEX all orders will be executed at the same time when it is added to the block.If the order is not complete within 72 hours, it will be canceled. Here is what Binance post about Order Matches details:
— Orders with best bid price would match with an order with best ask price; — If the orders on one price cannot be fully filled by the opposite orders: for the orders with the same price, the orders from the earlier blocks would be selected and filled first.
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How to Binance Dex works |
The Binance DEX / Binance Chain Overview
Despite the fact that the idea of a decentralized exchange has already been implemented, and there is already exist an exchange with a decentralized order book, such as Waves Platform, for example, the Binance DEX is looking like one of the first mass-adopted solutions in the DEX area. In conclusion, here are the main advantages of Binance DEX:- Private keys under user’s control
- Decentralized order book
- Matching with one-second block time
- The combination of these three factors can really take the cryptocurrency market to the new level.
How to trade on Binance DEX
First at all, you must have Binance Dex wallet.
Click https://www.binance.org/ and create new wallet
+ Fill your password
+ Check I understand…
+ Download Keystore File
Step 2: Backup your Private KEY
Confirm that your have backup your Private KEY
Next, Open your wallet
+ Fill your password
+ Check I understand…
+ Download Keystore File
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Creat binance dex wallet
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Confirm that your have backup your Private KEY
Next, Open your wallet
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Click Continue for next steps |
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Copy your private key to safe place and click Continue |
Step 3: Confirm that your have backup your Private KEY
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Fill your Private Keys again |
How to deposit to Binance Dex
Back to home page, click Unlock Wallet![]() |
Open your Binance Dex wallet |
Deposit crypto to Binance DEX
When login success, you will get Binance DEX Wallet Address (BEP2), sent your crypto to this address for your deposit
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Copy Deposit address (Ex: bnb1qmzfd....dtn) |
Sent your token (BEP2) to this address for deposit
How to trade on Binance Dex
Like Binance Exchange, you can BUY/SELL PVT with trading pair![]() |
Trade on Binance Dex |
Good luck!
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