LupoToro recommend trading on the Binance Trading Platform, however there are other exchanges which offer similar services, if you so desire.

Our step-by-step guide can be found below. Read on.

Why Binance?

Binance is currently the second biggest Crypto exchange on the market, edging ever closer to the number one spot. It has some of the most secure networks in trading - not just in Crypto - and is one of the most liquid exchanges available.

In the last 24 hours, more than 1.9 billion US Dollars worth of cryptocurrency has been traded on Binance.

Something Else?

Want direct AUD to Crypto purchases? Australian’s have access to Coinspot who allow direct AUD purchases of a variety of Cryptocurrencies.

Note: Signing up to Coinspot is slightly faster and you have direct access to AUD (via B-Pay, bank transfer or direct deposit), thus slightly easier to make Crypto purchases. Their fees are higher (buy/sell) and they have larger spreads. If you are happy with higher fees, Coinspot is a secure and good way to purchase Crypto in Australia.

Security tip

No matter where you buy Crypto, you need to store it safely. We recommend purchasing a hardware wallet (cold wallet). A hardware wallet is a special Crypto wallet which stores your private keys (i.e. access to your coins). Coins kept on an exchange are higher risk, coins kept on a hardware wallet is the most security you can have.

A good hardware wallet is the Ledger Nano S. To find out more, click here.

How do you use a Ledger Nano S? Watch the video below!


1. Binance: Open an Account

Go to the Binance homepage and click on Register.

You’ll be redirected to the registration page where you’ll need to enter your email address and create a password.

Remember to read and agree to Binance’s Terms of Use and click Register.

You may be asked to prove that you’re not a robot. A puzzle will appear for you to complete. Don’t worry, it’s easy…unless you’re a robot! These puzzles are commonplace on the internet and necessary to ensure no spam accounts attempt a sign-up.

An email will now be sent to you. Click on Verify Email to complete your registration.

Congratulations! You’re a Binance account holder.

2. Get Secure

When your login for the first time, you’ll be asked if you want to set up 2FA (Two-Factor Authentication). You should select ‘Yes’; if you choose Skip for now you’ll regret it later!

Note: 2FA is a security feature which gives users an extra form of protection. When using 2FA, users enter their normal password and a second code which can be sent to a mobile device by SMS or created by the Google Authenticator.

After you’ve set up 2FA, you’ll be ready to fund your account. This means moving Crypto into it. You can do this by sending Crypto from a Crypto Wallet or another exchange – like Coinbase – to your Binance account.

3. Prepare for Trading

We will use Coinbase as an example of one way that you can send money into your Binance account to commence trading. A similar process will apply to almost any other exchange you are sending the funds from.

Let us use Ethereum (ETH) as an example of a Cryptocurrency you can use to fund your Binance account.

Note: You will have to setup an account on Coinbase prior to completing this step. Don’t worry, setup on Coinbase is easy and fast.

4. Sending Crypto to Binance

Coinbase Ready? Login to your Coinbase account and click on Accounts.

Next, click on Send where it says ETH Wallet.

You’ll be asked to enter a Recipient. This is where the Ethereum will be sent. You’re sending it to Binance so you need to get an Ethereum address from your Binance account.

Login to your Binance account. On the taskbar, click on Funds then Deposits.

Now enter the cryptocurrency you need an address for. In this example, I’m using Ethereum. Binance will create an Ethereum address for you to send funds to.

The ETH Deposit Address is where you will be sending your Ethereum funds so copy and paste it into the Recipient box in your Coinbase account.

All you need to do now is decide how much Ethereum you want to send to your Binance account and click Send. The funds will appear in your Binance account as soon as they are processed by the Ethereum network.

Now you know how to use Binance to open and fund an account. Next, you can learn how to trade on Binance!

5. Trading on Binance

There are two Binance trading settings: Basic and Advanced. Beginners should start by trading in Basic.

The Basic trade setting has a simple layout that’s easy to understand. Only important information for making trades is displayed. You must remember that Binance is a professional trading platform, so even the Basic trade setting might seem too complicated for some newbies to use. However, it won’t take you long to grasp it!

The Advanced trade setting gives expert traders access to all the price charts and market data that they need to make complex trades. As this is a beginner’s Binance tutorial, I’ll only be showing you how to buy on Binance in Basic. I’ll save the tricky stuff for another day!



So, let’s begin. Login into your Binance account and click ‘Basic’ under the Exchange tab.

As you can see, Basic isn’t actually very basic!

Choose a trading pair. Binance lists hundreds of trading pairs. These are pairs of coins that Binance offers an exchange rate for. For example, Bitcoin can be traded with 143 different coins so we say that Bitcoin has 143 trading pairs on Binance. In this example, our account is funded with Ethereum, so we are only able to trade with Ethereum. To find out which cryptocurrencies are offered for trading with Ethereum, select ETH in the top right corner. You’ll now be able to see that Ethereum has 140 different trading pairs on Binance. Select the coin that you want to exchange Ethereum for. For example, you could choose Ripple (XRP).

Choose which type of trade you want to make. Binance offers three kinds of trade:

  • Limit orders allow users to set the maximum price they are willing to pay for coins or the minimum price they are willing to sell them for. Traders then have to wait until a buyer or seller accepts their price.

  • Market orders allow users to trade coins at their current market price. This kind of trade is the fastest and most simple.

  • Stop-limit orders allow traders to buy or sell a coin once it has reached a certain price. This kind of order is often used by pro-traders. Today, I’m only going to show you how to buy on Binance with market orders. They are quick, simple and perfect for beginners.

Choose the amount you want to trade. Click on Market if you are happy with the current market price and enter the amount of Ripple (or your chosen coin) you want to buy. You can enter this as an amount or as a percentage of the Ethereum in your account.

Now, the easy bit! Click on Buy XRP and that’s it. You’re now a Binance crypto trader!


You’re ready! Happy trading!

Trading Tip: Charting with Tradingview

LupoToro recommend Tradingview, the most effective and efficient charting toolkit available for use with Crypto. No matter what Crypto you wish to chart, Tradingview will provide you with the tools.

Tools on the left side

The left side is for drawing:

  • Lines/Arrows: To draw the trends and project further price moves.

  • Fib Retracement & Fib Speed Resistance Fan: Both of them predict targets based on supports and resistances of the Fibonacci index.

  • XABCD Pattern + Elliot Waves: Patterns so you can have a more accurate picture of the long term moves (or to study past ones), applying them over the chart.

  • Long/Short Positions: Will provide you the risk-reward of the move you are planning to trade.

  • Date Range & Price Range: Will help to measure the moves in terms of bars/days and % of price move.

If you flag your favourite tools with a star you can add them to an easy access toolbar so you don’t have to look for them when charting fast.

Tools in the upper area

We adjust the different parameters we are using, choose the markets, timeframes, all here. For example:

  • Markets (always choose ones with more volume)

  • Timeframes (i.e. 1D, 6Hr and 2Hr).

  • Candle style (Japanese are the most popular style used).

  • On chart properties you can adjust colours and scales. Generally the linear scale is easier but for parabolic moves, log is the way to go.

  • The scale icon is to compare charts at one sight. Very useful to find correlations between coins or to check few coins from the same market area.

  • Also from here, you can add all the indicators (discussed below in more detail)


We can find this one on the bottom left side. By clicking it, it will open the whole display where you can track all coins and their moves based on several parameters.

  • Overview tab: You can see the price changes and an overall rating about the trade recommendations. For beginners, don’t worry about it.

  • Performance tab: This will show you the price change of the coin by day/week/month/year. Good for tracking purposes or statistics, but not really useful to trade.

  • Oscillators tab: Here you find an overall rating based in the oscillators performance, good when first approaching. You can then go deeper, checking the levels for each parameters. You will find some predefined indicators but you can add your favourite ones by clicking in the last column (3 dots). We suggest using MACD, RSI, Sar, EMA’s and Ichimoku.

  • Trend-Following tab: You can spot the same workflow as in the previous one. Here, our main indicators are the default ones (all the SMA’s ranges) and the Bollinger Bands.

Tools at the right side

These tools are oriented for social and fast coin tracking. We use:

  • Watchlist: Here you can add the coins you track daily, getting fast price information and access the charts without typing.

  • Alerts: Here you can find the alerts you set for your coins. Right click straight in the chart > Add Alert. Alters can be added for price moves, all indicators, crosses, etc.


This is a big one - let’s get straight in:

  • Volume: Relevant to track to follow the price action.

  • Moving Averages: LupoToro recommend the MA50 and MA100 for spotting trends. The exponential ones we recommend are EMA50 and EMA200.

  • RSI Stochastic: Tracks trend moves, identifies oversold and overbought areas. During a bear trend, it tends to be weak.

  • MACD: The crosses between MA’s reveal possible reversals.

  • WT Oscilator: During bearish trends, it’s weak. During bullish trends, it works well. Combined with the RSI, it will provide strong signals.

  • TD Sequential: Only works well with big-caps (i.e. BTC, ETH); useful to spot the stage of the current wave.

  • Bollinger Bands: Weak during bear trends; work well establishing channels for price moves. Note: Squeezes would signal a move on the way.

  • Ichimoku Cloud (Revichimoku script with 20,60, 120, 30): This change adapts to the configuration of a 24/7 market (i.e. Crypto). Useful spotting trends and finding price action zones (support/resistances).

  • SMA’s (6 and 18): For short term trades/price moves.

Remember to always consider new indicators every so often. Not experimenting means you could be missing opportunities. Have a balance between time efficiency and experimentation. Also, note that the more confluence between timeframes the stronger the signal.

To learn and understand the indicators you are using will increase your confidence in the trade.

Note: We are not providing financial advice or any advice on what Crypto to buy in this guide. This guide is provided for educational purposes only.