The largest exchange Binance actively participates in the popularization of cryptocurrencies. The administration helps users to expand their knowledge of the industry, for which purpose it launched an educational project – Binance Academy in Russian and more than 30 other versions. Beginners are taught the basic principles of cryptocurrencies for free. From 2019 to 2023, more than 450 articles and instructions have been published on the platform. For completing courses, you can get free tokens and a certificate.
What is Binance Academy
The Binance educational platform publishes detailed articles, video lessons, courses on topics related to cryptocurrencies and blockchain. The materials are written in an accessible language, distributed by complexity and will be useful to readers with any level of training.
Lessons can be taken for free, no registration is required. You only need to log in to your account to take the “Learn and Earn” course.
For watching videos and correct answers in tests, tokens are credited. Cryptocurrency is credited to the exchange account. Assets can be used for trading or withdrawn from the site.
Why created
Many beginners have a scrappy knowledge of bitcoin. Many areas seem too complicated. Binance aims to change the situation. Experts of the exchange write articles in simple language, explaining terms and providing analogies from areas familiar to the user.
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The largest crypto exchange where you can quickly and safely start your journey in the world of cryptocurrencies. The platform offers hundreds of popular assets, low commissions and advanced tools for trading and investing. Easy registration, high speed of transactions and reliable protection of funds make Binance a great choice for traders of any level!
Features
Binance Academy materials are moderated. Users receive up-to-date and reliable information. Binance monitors the situation on the cryptocurrency market and regularly updates the content. Customers can read articles explaining basic concepts or reviews of the latest achievements of the crypto industry. Other features of Binance Academy:
- Free training. The exchange offers free access to the materials.
- Variety of topics. Many questions are answered on the educational platform.
- Strong community. In chat rooms, students can discuss cryptocurrency-related issues and get support from advanced users. The developed community creates a favorable atmosphere for sharing experiences.
Basic concepts at Binance Academy
Educational articles cover a wide range of topics – from information security and cryptocurrencies to ways to make money with minimal investment. The Binance Academy homepage features explanations of basic market concepts – such as what bitcoin is. The posts can be read in a couple minutes. The materials are written in simple language without complex formulations. This stimulates interest in further study even in untrained readers.
Definition of cryptocurrency
In the understanding of most users, it is a digital form of payment. Cryptocurrency can be sent to other investors or paid with coins for purchases. Unlike fiat money, digital assets do not require an intermediary (bank). Also, the client will not have to show a passport (photo or scan) for every transfer. The user can create a cryptocurrency wallet for free and send funds with minimal commissions around the world. To do this, you need to open a Binance account and activate two-factor authentication.
Features of cryptocurrency
In the traditional financial system, banks are the guarantor of payment security. They control transactions and develop protection measures against account hacking. Often users themselves transfer money to fraudsters, so suspicious transactions are blocked. The bank’s security service can contact the client to confirm the operation.
Digital currency is protected from unauthorized use by cryptocurrency. Customers do not need to understand complex mechanisms – they are built into the software and work automatically.
Security
Cryptocurrencies use digital signatures to verify the authenticity and integrity of data. This is analogous to the usual handwritten version, but with a higher level of protection. Even with modern hardware, it would take hackers over 100 years to crack a keyless cipher. A digital signature is a code that is attached to a message. In cryptocurrencies, it performs the following functions:
- Confirms the authenticity of the data. The sender can verify that the information has not changed. If at least one character (including a space) is different, the code will be different.
- Serves as proof of ownership. Transactions on the blockchain cannot be tampered with or deleted. If a user has signed a document, he cannot deny his involvement.
No restrictions
Cryptocurrency is not subject to any state. Therefore, digital transfers cannot be sanctioned. The government can block cryptocurrency exchanges, but personal wallets cannot be frozen. Investors can always access them (only if they haven’t lost their keys).
Speed and low fees
Modern blockchains process hundreds of transactions per second. The high speed allows fees to be reduced and transfers to be delivered almost instantly. The distance between users doesn’t matter. Popular networks have different bandwidth capacities.
| Cryptocurrency | Processing Speed (TPS) | Fee ($) |
|---|---|---|
About bitcoin and other cryptocurrencies
The first digital currency was Bitcoin, launched in 2018. The creator of the blockchain wished to remain anonymous. Only the nickname is known – Satoshi Nakamoto. For 15 years, researchers have put forward many versions of the identity of the developer. However, the hypotheses have not been confirmed.
Satoshi Nakamoto released a document in which he described the principle of bitcoin – blockchain technology. Despite the advantages (decentralization, security, ease of use), Bitcoin has disadvantages. The main ones are small bandwidth and high fees. At peak load, transactions can hang. To address the imperfections, programmers have started offering improved versions of the blockchain.
However, most of the crypto community did not agree to radically change the original bitcoin code. Therefore, developers began to release their own projects based on it. Among the BTC clones, there are many failed initiatives. But there are innovative projects that can change the industry. Early investments in such assets can bring clients hundreds of percent of profit.
For example, the creation of Ethereum marked the beginning of the development of the sphere of decentralized finance. In 2015, the coin could be bought for $1.5, and by 2023 the price rose to $1.6 thousand (the maximum value is fixed in 2021 – $4.89 thousand).
The concept of blockchain
Technically, it is simply a spreadsheet. Blockchain consists of cells (blocks) in which transactions are recorded. This chain has features:
- Immutability. The data in the blocks cannot be deleted or corrected. Each record contains a digital copy of the previous record. If one block in the chain is modified, all other blocks in the chain will become invalid.
- Decentralization. All participants in the network have a copy of the distributed ledger (blockchain). You can’t double-spend or send funds that don’t exist. Users will find inconsistencies when comparing the current version of the blockchain with the stored version.
- Transparency. Any customer can enter an ID in the blockchain browser and find out the recipient’s wallet number and the amount of the transfer. When searching by address, the balance and transaction history are available for viewing.
Opportunities with cryptocurrency
Blockchain technology is used in different areas. The creation of unified distributed databases allows for increased productivity in logistics, banking, charity, and healthcare.
Cryptocurrencies are already used in industry. But the most popular areas are investment and speculation.
Trading
Binance clients can trade digital assets on short-term distance. There are 2 ways – scalping and intraday. In the first case, the transaction lasts no more than 5 minutes, the task is to take a small profit and close the order. Hundreds of such operations can be carried out per day. It is difficult to process such volume manually, so traders use robots.
Intraday traders perform 1-2 transactions per day, counting on 3-5% of price movement. In case of losses, the order is closed by stop-loss, traders look for another trading opportunity.
Investing
This is the preferred type of earning for beginners. Conservative investors buy fundamental projects (Bitcoin, Ethereum, Solana, Binance Coin). A small part of the capital is invested in new promising assets and wait for a multiple growth. This usually takes 1-2 years.
There is no guarantee that the idea will work. Therefore, to reduce risks, investors put together a portfolio. After the scenario is worked out or the deposit grows significantly, clients lock in profits.
Passive income and staking
Investing and trading bring good income, but not everyone can use them. You need to have a lot of free time and a tendency to take risks. Even with a profitable strategy, you can lose your deposit if unfavorable conditions persist for a long time. The cryptocurrency market also offers less risky earnings – deposits and staking.
They have the same principle – the user blocks coins on a crypto exchange or in a wallet and receives a small but stable income. After the subscription ends, the investor’s balance will be guaranteed to have more coins than he originally deposited. The risk is the change in the exchange rate value of the cryptocurrency to fiat. The price of the asset can both rise and fall.
For blockchain top coins (BTC, ETH, SOL, BNB) pay a little (up to 15%), but there is practically no risk of delisting the project. Staking new cryptocurrencies can bring 100% per annum. But there is a high risk that the developers will stop doing the startup. Then the coins can not be exchanged for fiat.
NFT
Non-fiat tokens confirm the ownership of art objects, digital paintings and any other objects. For example, a movie ticket or a Twitter post can be issued in the form of NFT.
Unlike regular coins (bitcoin, ether), a non-mutualizable token cannot be divided or converted without losing value. Each NFT is unique and has a subjective value.
Such assets are stored on the blockchain. Standards have been developed to transfer NFTs between networks. In Ethereum blockchain – ERC-721, in Binance Smart Chain – BEP-721.
Sections in Binance Academy in Russian
To start training, you need to go to the page of the educational project and click on the “Start Now” button. At first, the exchange will offer a short course for users who know nothing about cryptocurrencies. When the client has mastered the basic concepts, you can continue learning.
The main block contains articles, courses, the “Learn and Earn” program. Questions during the learning process are asked on the Ask Academy page. They will be answered by administrators or more experienced clients. Interesting questions can become the topic of new posts.
Articles
For the convenience of users, posts in Binance Academy are sorted by tags. New and popular publications are displayed on the main page. To see the full list, you should click on the “Articles” button and select “See all”.
You can enter a term in the search, and use filters to refine the results:
- “Complexity”
- “Reading time”
- “Topic”
- “Time of publication”
- “Popularity”
Courses
Learn basic concepts about cryptocurrency in video format in English (you can’t choose another version or include subtitles). The course consists of 6 parts, duration – 121 minutes. After each video, the user is offered to take a test to master the material.
A certificate in the form of NFT is issued for successful learning of the program. To get it, you need to log in to your account with a username and password. The videos can be watched anonymously, but there will be no reward.
Blockchain Fundamentals
The course introduces the technology. For ease of perception, the program is divided into modules of 4-6 minutes each. Users can stop at any point and continue learning at their convenience. The content of the videos:
- “Introductory”. It defines basic concepts – what a block is, hashing, how a chain is formed.
- “A brief history of blockchain technology”. The module describes the events from the inception of the idea to the generation of the first Bitcoin block.
- “How Blockchain Works.” The authors explain the principles of how the network functions in a trustless environment. Definitions of private and public keys are given.
- “Blockchain Consensus Algorithms.” Users will understand what Proof-of-Work and Proof-of-Stake are, how they differ.
- “Structure.” The video explains the structure of the network, types of nodes, defines hard- and softforks.
- “How to Use Blockchain.” Here it tells about the possibilities and limitations of the technology. Blockchain can be applied in the financial sphere, logistics, healthcare, etc.
Cryptocurrency Basics
This Binance Academy course explains the main differences between digital money on the blockchain and other units of account. The total duration of the program is less than half an hour, with modules lasting 4-5 minutes. The topics of the videos are:
- “What is cryptocurrency”. The authors explain the principles of work and features of digital assets.
- “Introduction to Bitcoin”. From the video you can learn what is the uniqueness of the first digital coin.
- “Understanding the different types of cryptocurrencies”. The video explains the differences between coins and tokens.
- “Centralized and Decentralized Exchanges.” Customers will learn the difference between trading platforms.
- “How to use cryptocurrency wallets.” The authors tell what vaults there are and how to choose a reliable interface.
Decentralization
In this block, you can learn about DeFi. The authors explain the fundamental differences between decentralized finance and the traditional banking system. The course lasts 20 minutes and is divided into 4 parts:
- “Introduction to DeFi”. The video describes the structure of decentralized finance.
- “Use cases”. The module explains the principles of cryptocurrencies, lending and farming.
- “dApps and smart contracts”. The video tells about how decentralized applications are created and work.
- DAO. The video talks about the governance form of dApps – decentralized autonomous organizations.
Web3 and Metaverse
This course talks about the concept of meta-universes and the fundamentally new structure of the internet. Blockchain will play a key role in Web3. The duration of the blockchain is 17 minutes. List of topics:
- “What are metavuniverses”. Users will learn about the Web3 Internet and understand the difference between versions 1 and 2. The video introduces the concept of a three-dimensional internet.
- NFT. This module is about non-interchangeable tokens and how to use them.
- GameFi. Here you can learn about blockchain gaming and how to make money from it.
Trading basics
Customers of cryptocurrency exchanges make money from speculating and investing. In this course, Binance talks about the differences between the two. The training lasts 19 minutes and includes parts such as:
- “The difference between short-term and long-term trading”. A definition is given, the pros and cons of strategies are indicated, the basic tools of the investor and trader are presented.
- “Fundamental and Technical Analysis”. Beginning traders will learn how the methods differ and which one is better to use for trading, investing.
- “Understanding market trends and cycles”. The module introduces the basic patterns of price movements and explains how emotions affect decision making and how to deal with them.
Trading and Investment Strategies
This lesson covers methods of controlling risk. Users will learn why to build a portfolio of assets and how to do it. The course lasts 21 minutes. The information is divided into parts:
- “Day Trading and Swing Trading”. The block explains how the strategy works and how to use it properly.
- “Scalping, Holding”. Beginning traders will learn about opposite trading methods – who is more suitable and what risks are involved.
- “Understanding technical analysis indicators”. The module describes the most popular oscillators among traders – relative strength index, Bollinger Bands, as well as the principle of moving averages.
- “Creating a balanced portfolio”. The video shows by example how to compose assets.
Earnings for learning
At Binance, you can get new knowledge and cryptocurrency as a reward. Unlike other programs, this module is available only to verified clients. But not all verified users can participate – the offer is addressed to certain interested customers.
To determine whether you belong to the target audience, you need to go to the “Learn and Earn” program page. If the promotion is available, the user will see a list of topics and potential rewards. For example, one is paid 0.1 BNB for watching a 5-7 minutes long video. To participate, you need to:
- Select an option and click on the “Start a Course” button.
- Watch the video, read the article and correctly answer the test questions on the studied material.
If there were no mistakes, the user will receive the reward specified in the announcement on the balance. Cryptocurrency will be credited within 48 hours.
Others
For beginners, even a simple post about cryptocurrency is difficult to understand because of the multitude of terms. Binance developers have collected the main definitions in the “Glossary”. The button is located in the “Articles” menu (top of the screen). Clicking on a term opens a detailed post with an explanation (level – “Beginner”).
How to start learning in Binance Academy
You can read educational articles without registration. To find the material, you need to:
- Enter the topic in the search box.
- Filter the results by training level and reading time.
You should not try to cover a lot of areas. It is more effective to deepen the basic knowledge step by step. Next, you can move on to courses and start the Learn and Earn program.
First, it is necessary to make sure that the base is well assimilated. After that you can study complex topics – self-writing of technical analysis indicators, the concept of Bitcoin Script, Schnorr signatures for bitcoin, Segregated Witness, etc.
Registration
To participate in the “Learn and Earn” program, you need to create a personal account. The instructions are as follows:
- Go to the main page of the exchange.
- Click on the “Registration” button.
- Choose a method – by email, cell phone, Google or Apple account.
- Enter your login and think of a password.
- If available, specify the referral code. With it you can save on commission for spot transactions.
- Add an additional authentication method (e-mail or phone number).
You cannot work anonymously on the exchange. To get the minimum verification status, you need to show a photo of state documents (passport, ID-card, driver’s license), selfies. You can’t upload a photo, you have to take a picture with a device. Therefore, it is better to pass KYC from a smartphone. The algorithm is as follows:
- Open the profile and select the item on the main screen “Pass verification”.
- Specify the place of residence.
- Enter full name, citizenship and document number.
- Make a photo of documents in good quality and selfies. It is necessary for the face to fit completely into the frame. It is better to take a photo in a well-lit room. If the photo is blurred, the application will be rejected.
- Confirm the operation.
What to do after training
In Binance Academy in Russian, you can learn the basics of the industry or take an in-depth course on the market. There are several directions for applying knowledge:
- Communicate on forums and read blogs of famous traders. After learning the basics, it will be easier to understand the slang.
- Exchange coins for everyday settlements. Basic knowledge obtained in Binance Academy will allow you to create a wallet, receive and convert cryptocurrency, make transfers.
- Invest. Course graduates are aware of the fundamental coins that should make up the majority of the portfolio. Up to 15% can be allocated to innovative projects.
- Use a badge of honor. Course graduates receive certificates in the form of NFTs. If put on avatars in profile communities, it will increase trust from other participants.
- Continue development. Basic knowledge on cryptocurrencies, blockchain, innovative developments is enough to learn further on other educational platforms. You can start right from the advanced user level.
Frequent questions
⚡ What articles should I start learning from?
It is worth choosing “Beginner” level posts with no more than 5 minutes of reading time. Such material is better assimilated.
📌 What is bitcoin mining?
In mining, the reward decreases every 210 thousand blocks. Due to the decrease in the total number of coins, the process triggers a 4-year growth cycle. The trend covers the entire market. This is an important event, so Binance Academy has started a counter until the next decrease.
📢 Need material no in Binance Academy. What to do?
You can click on the “Request Content” button at the bottom of the screen and fill out the form. If the topic is relevant, administrators will add the article soon.
📱 Can I learn Binance Academy from my smartphone?
It is convenient to watch videos and read articles from the website, which is adapted for mobile devices. Android and iOS apps are available. The download link is at the bottom of the screen.
🔔 Can I add custom content to Binance Academy?
Yes. Before doing so, you need to study the “Content Submission Guidelines”. Documents are subject to moderation.
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Author: Saifedean Ammous, an expert in cryptocurrency economics.
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