Blockchain
Binance App Review for iOS (iPhone) or Android – Download, Install and Use
In this article, we provide traders a detailed review of the Binance app for iPhone and Android. We compare app extensions in terms of their design, trade functions, and download/install processes. Additionally, we provide the pros and cons of using apps and how well they perform in comparison with the main Binance platform. In case […]
The post Binance App Review for iOS (iPhone) or Android – Download, Install and Use appeared first on Cryptocointrade.

In this article, we provide traders a detailed review of the Binance app for iPhone and Android. We compare app extensions in terms of their design, trade functions, and download/install processes. Additionally, we provide the pros and cons of using apps and how well they perform in comparison with the main Binance platform.
In case you’re looking for our Binance Review, please click here.
Does Binance have an app for iPhone and Android?
Yes, however, there are some differences as we will describe in this article.
Step-by-step Guide: How do I trade with the Binance app?
The installation process differs between iOS and Android users that wish to trade with the Binance App. As such, Android owners will find it much easier to install the app, as you shall see from our step-by-step guide below.
1. Installation Process
If you happen to have an Android, just go to Google Play and download/install the app directly.
However, iOS users should first locate the page where installation can commence. You can do so through this link, using a QR code scanner on your phone, as seen below.
Then, simply tap
“Install” to start the installation process. This is where it starts to get
even more interesting. App Store does not hold the Binance app anymore, so you
will need to remove barriers for the app. You do so by going to “Settings,”
then “General,’ and finally to the “Device Management” tab.
You will see the owner “mauna, ooo” and you need to tap “Trust” for the app to work, as seen below.

Do not worry, as the Reddit community verified that name already.
2. Login
Binance app login is very much the same as with website registration. Users have the option to turn on Google Authenticator as an additional layer of security. If you already installed the 2FA but then bought a new phone, you may want to check out our guide on how to reset the Google Authenticator.
3. Choose trading pair
As with any other trading platform, you get to choose a trading pair. In our example, it is NULS/BNB. However, there are tons of other options for you to choose from, including BTC, LTC, ETH, and many other pairings.
4. Select the type of order
Binance app
offers two main types of order, buy (long) or sell (short). In addition, you
have three functions:
- Limit Order (traders set the price for the order)
- Market Order (current price in the market)
- Stop-limit (a stop-loss function)
5. Press BUY to execute the order.
As seen from the snapshot below, all you are left to do is to tap “Buy” for a position to go live. Once you feel you have obtained an acceptable level of profit (or loss), tap “Close” to liquidate the position.

Review: Binance app for iPhone and Android:
How to use the Binance app?
As you saw
in the previous screen, there are 5 different tabs at the bottom:
• Home
(Here are your account’s balance, prices for cryptos, and volumes traded
information)
• Markets
(Here you can find live changes to coins’ values in combination with the main
pair – BTC, BNB, ALTS, and USD)
• Trade
(Here is the trade form where you can create and close positions)
• Funds
(Here is your online wallet where you can check out your balance)
• Account
(Here you will find your account information, settings, support, and chat
options)
In the top menu, you will find Order History
which provides information on all of your previous positions.
Trading features: Binance App vs Binance Desktop?
Thinking in terms of Binance App vs Binance
Desktop, there is very little difference between the two. Functions are
practically the same fort both Binance app and desktop extensions. However,
design matters quite a lot for bitcoin traders, especially for starters. There
are two main functions that the phone app has for both beginners and experts:
The Binance app has several differences from the online or desktop versions.
- Design is very simplified
- Lack of extensive charting
tools
Binance app is geared more for a fast
market response whereas desktop allows traders to employ full chart investigation.
Binance app for iPhone vs Android App
During our comparative analysis of the Binance app for the iPhone vs Android app, it is evident that not much can separate the two. Both offer the same trading functions, including limit orders and basic chart analysis. Additionally, all coins are there and US traders cannot use either of them. The company is in the midst of a new exchange creation for US customers. Thus, we might see the corresponding app coming along with the new trading platform as well.
The only major difference is the fact that you can download the Android app directly from Google Play. iOS users would need to go through the Binance website instead since the company withdrew from the Apple store.
Review Binance app for iPhone and Android App: Binance App Pros and Cons
Here are summarized Binance app for iPhone and Android pros and cons that you, as a trader, should know about before you download it:
Pros
– fast trading decisions & analysis
– instant access to altcoin markets
– convenient when away from the computer
Cons
– iOS users cannot download the app from the
Apple Store
– limited charts and charting tools
– not convenient for large trades and deep
market analysis
Overall, both extensions share the pros and
cons, as there is not much difference between them. They are meant for short
trading analysis and smaller transactions. Experienced traders might find these
useful since they already possess enough knowledge to conduct scalping trading.
On the other side, we recommend trading starters to keep crypto trading small
in value.
Conclusion
In this Review Binance IOS, we provide a detailed analysis of the Binance iOS and Android app. As a conclusion, there is not much difference between apps and the main Binance platform in terms of trading functions. However, it is limited in chart designs. Thus, it is recommended for traders to use it mostly for quick market checkups and/or for small-sized trades.
In case you would like to read other trading platform reviews, please click PrimeXBT Review – Crypto Trading Futures and Leverage or eToro Review.
You can find all the reviews that we have published so far in this link.
Blockchain
Coinbase Targets Direct Nasdaq Listing of its Class A Common Stock


After the confidential submission of a draft registration statement to become a publicly-traded company announced last year, Coinbase has taken a major step to be listed on the giant US stock exchange – Nasdaq.
- CryptoPotato reported earlier that Coinbase had submitted a confidential draft registration statement to the US Securities and Exchange Commission (SEC) to go public via a direct listing instead of an IPO. Initial estimations suggested that the potential valuation was at about $28 billion.
- Earlier today, the company announced that it had filed a registration statement on Form S-1 with the Commission “relating to a proposed public direct listing of its Class A common stock.”
- This signifies a vital step towards becoming a publicly-traded company. Coinbase plans to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol “COIN.”
- It’s worth noting, though, that while the registration statement has been filed, it has yet to become effective. As the company explained it:
-
“These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective.”
- Furthermore, Coinbase asserted that its filing doesn’t “constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.”
- The company reported that its net revenue results for 2020 were substantially larger than the 2019 numbers – $1.1 billion against $483 million. The expenses had also increased from $580 million in 2019 to nearly $870 million last year.
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Source: https://cryptopotato.com/coinbase-targets-direct-nasdaq-listing-of-its-class-a-common-stock/
Blockchain
Polkadot, Ethereum Classic, IOST Price Analysis: 25 February

Polkadot saw a bounce to $36 after touching $28 over the past few days, but it has once again sunk beneath the $34 mark. Ethereum Classic also found some resistance at the $12 mark, and IOST showed rising bearish pressure.
Polkadot [DOT]

Source: DOT/USDT on TradingView
The Supertrend indicator showed a sell signal for DOT after it slipped beneath the descending channel (cyan) and plunged to $28. However, since then it has made a recovery toward $34-but whether this is more of a bounce rather than a recovery is a pertinent question.
At the time of writing, trading volume did not really back the recent price rise, indicating that it was indeed a bounce. The Awesome Oscillator showed bearish momentum, but no real strength over the past few hours.
Key levels to watch out for are $34.5 and $36 above it. A rejection would indicate bearish strength, while a flip to support can be used to enter a long position on a retest.
Ethereum Classic [ETC]

Source: ETC/USDT on TradingView
Using the Fibonacci retracement tool for ETC’s drop from $18 to $9, some levels of importance are highlighted. The RSI showed bears were in control of the market over the past couple of days, as the RSI stayed beneath the neutral 50 value.
The Parabolic SAR climbed into overbought territory even as the price slipped beneath the 38.2% retracement level- which was not an encouraging sign for the bulls.
It is likely that ETC would continue to move lower, toward the $10.75 mark once more.
IOST

Source: IOST/USDT on TradingView
IOST was in a steady short-term decline. It attempted a recovery, on strong trading volume, to $0.059 from the depths of $0.039. However, bears were able to force the price lower once more.
An interesting aspect is a lack of buying strength when IOST began to slip after a rejection at $0.059. This showed that bears were in control. The levels that bulls would try to defend are the $0.044 and $0.039 levels.
A defense of either of these levels over the next couple of days would point toward weakening bearish pressure in the short-term, and another possible recovery back toward $0.059.
Source: https://ambcrypto.com/polkadot-ethereum-classic-iost-price-analysis-25-february
Blockchain
Inside the blockchain developer’s mind: Koinos approaches testnet


Cointelegraph is following the development of an entirely new blockchain from inception to mainnet and beyond through its series, Inside the Blockchain Developer’s Mind. In Part Four, Andrew Levine of Koinos Group discusses some of the challenges the team has faced since identifying the key issues they intend to solve.
Earlier in this series I outlined three of the “crises” that are holding back blockchain adoption; upgradeability, scalability, and governance.
In this post I will summarize the solutions we’ve developed to these problems, which we will be showcasing in the upcoming Koinos testnet planned for the second quarter of 2021.
Since that series Koinos Group has successfully launched a token, KOIN, as a proof of work mineable token on Ethereum. By using proof of work to distribute the initial token supply we were able make the token accessible to early adopters and forgo an ICO.
Assessing the ICO model
ICOs and similar token sale tools, while not without their use cases, have created their own crisis within the space by misaligning incentives before development even begins. The issue is not with the ICO as a tool, but what happens when a team is financially rewarded before they have even shipped a product.
While so many projects have followed in the footsteps of Bitcoin, it’s surprising how few have replicated arguably the most successful aspect of its launch; a token distribution exclusively through proof of work.
The benefit of this approach is that it ensures with algorithmic certainty that the people behind the blockchain have no advantage in acquiring the token. In short, everyone, no matter who they are, has to make a financial sacrifice in order to acquire that token and the scale of that sacrifice is determined by some neutral third party. In the case of proof of work, that neutral third party is the manufacturer of hardware.
For Koinos Group, that means we had to spend money to acquire our token just like everyone else. In fact, because we have to spend most of our time developing the product, we are even at a disadvantage relative to professional miners. So we have to keep working to add value to the protocol if we’d like to get a return on our investment.
Proof of work algorithms are not without their problems, but we mitigated those in a few ways.
- First, the mainnet will be governed by a totally different consensus algorithm that won’t be proof of work or proof of stake, so any attempt to develop an ASIC would be a waste of resources.
- Second, we made the algorithm GPU resistant.
- Third, we released this token long before releasing our mainnet. In fact, we released the token long before we had even completed development of our framework. Without a functional product, this token becomes a way for people who believe in our team and who share our vision for a fee-less smart contract platform to acquire the token at a reasonable cost.
Rapid rate of improvement
Part of what makes this launch strategy work is the innovative property set of Koinos. We built Koinos totally from scratch, not around any single feature like transactions per second or sharding, but with the goal of creating a blockchain that would improve at a much more rapid rate than any other blockchain out there.
In our experience developing the Steem blockchain, the need to execute hard forks was the single biggest factor holding back progress. If we wanted to eliminate that bottleneck, we reasoned, moving as much of the system code as possible into smart contracts that could be upgraded in-band would do the trick.
That’s why the Koinos blockchain framework contains only the most basic blockchain features (called “thunks”) like contract input/input, getting parameters, and writing to the database. All of the more complex features that people are more familiar with (consensus algorithm, accounts, resource management, governance, etc.) have been moved into modular WASM smart contracts running in the virtual machine that can be upgraded without a hard fork.
Because all behaviors are now coded in distinct “modules” that can be individually “upgraded” we call this feature modular upgradeability.
As a result of modular upgradeability, any behavior can be added to the blockchain without a hard fork because individual upgrades can be distributed in blocks and transactions that are pushed to the network much like an operating system patch, but with the added benefit of an on-chain record of the entire upgrade path.
By moving nearly all of the system code of the blockchain to smart contract modules that can be upgraded without a hard fork we have made Koinos into a blockchain that derives its strength not from the features it is born with, but based on its ability to rapidly acquire new and better features faster than anything else out there.
This is why we call Koinos the first blockchain capable of evolution.
Microservices
Modular upgradeability was just the first major technical innovation that we developed to make Koinos less monolithic and an order of magnitude more upgradeable. Just like there is code that does not need to be implemented natively (in the blockchain itself) but that can be implemented as smart contracts (most of it in fact), there is plenty of code that does not need to be implemented either natively or as smart contracts and can instead be implemented as microservices.
Microservice architectures have many benefits which is why this has become the industry standard for modern software development, but one major benefit is scalability because individual services can be scaled up without having to scale up the entire system. This can dramatically reduce the cost of running a network while improving both the speed and quality of improvements to that network. As a result of historical accidents, blockchain stacks appear to be the last to adopt this new standard as Koinos will be the first blockchain built on a microservice architecture.
This creates amazing new opportunities for developers who will be able to build application specific microservices for Koinos that will help them run their nodes, and their applications, more efficiently; and as a consequence deliver better user experiences. Best of all, this will make Koinos node operation more accessible, thereby improving decentralization, and enabling the network as a whole to run more efficiently so that developers and their end-users can get more out of their decentralized applications.
Multi-language support
Another benefit of a microservice architecture is that individual microservices (basically small programs) can be written in the best (fastest, most secure, best libraries, etc.) programming language for the job, a capability we also wanted to offer for smart contract developers. But in order to take advantage of this trait we needed to develop a way for these small programs written in different languages to “talk” to one another in a way that conformed to the unique needs of a decentralized network. To solve this problem we created a cross-language serialization framework named Koinos Types.
Koinos Types is like the Rosetta Stone for blockchain data structures. It allows programs written in different languages to talk to one another in a simple and unified way by giving them access to the same objects (the “building blocks” of modern programming languages). Koinos Types allows for the interpretation of Koinos (i.e. blockchain) data structures in practically any programming language which will be extremely useful for the development of blockchain-related microservices, clients, and smart contracts.
Koinos Types solves a number of problems. It helps us add multi-language support to Koinos more generally (including for smart contracts), it enables microservices to communicate with one another, and it makes it far easier to develop and update client-libraries. While modular upgradeability and the microservices architecture alone make Koinos far more upgradeable than any other blockchain, Koinos Types takes that upgradeability to another level. That’s why we were so excited to make Koinos Types the first piece of Koinos that we open sourced.
As you can see, ensuring that Koinos can improve at a more rapid rate than any other blockchain isn’t about any one feature.
- It’s about getting the incentives right from the beginning.
- It’s about ensuring that the blockchain has modular upgradeability.
- It’s about modularizing the very architecture itself as microservices.
- And it’s about making sure that developers operating at every level of the stack (not just smart contracts) are able to use the programming languages they already know and love.
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.
Andrew Levine is the CEO of Koinos Group, where he and the former development team behind the Steem blockchain build blockchain-based solutions that empower people to take ownership and control over their digital selves. Their foundational product is Koinos, a high-performance blockchain built on an entirely new framework architected to give developers the features they need in order to deliver the user experiences necessary to spread blockchain adoption to the masses.
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