Cryptocurrency trading has become increasingly accessible, especially with platforms like Binance streamlining the process. If you're looking to expand your digital portfolio by purchasing alt-coins such as Ripple (XRP), TRON (TRX), or Stellar (XLM) using Bitcoin (BTC) or Ethereum (ETH), this guide walks you through each step—clearly, securely, and efficiently.
Whether you're a beginner or brushing up on core mechanics, understanding how to trade major cryptocurrencies for alternative coins is essential. We’ll cover everything from funding your account to executing trades using limit and market orders—all while integrating best practices for security and cost-efficiency.
Understanding Exchange Fees and Trading Terms
Before diving into any transaction, it's crucial to understand the costs involved. Binance charges a flat 0.1% trading fee for both buying and selling digital assets. This fee applies uniformly across all trade types and is automatically deducted from your transaction upon completion.
While this rate is competitive, keep in mind that frequent trading can accumulate fees over time. Additionally, consider external factors such as network withdrawal fees and potential tax implications depending on your region. Being aware of these details helps you make informed decisions and avoid unexpected losses.
👉 Maximize your trading efficiency with low-fee execution on a trusted global platform.
Funding Your Binance Account
To begin trading alt-coins, you must first transfer BTC or ETH into your Binance wallet. If you already hold cryptocurrency on another exchange—like Coinbase—you’ll need to withdraw it and send it to your corresponding Binance deposit address.
Here’s how:
- Log in to your Binance account via the app or website.
- Navigate to Wallet > Spot Wallet.
- Select Deposit, then choose either BTC or ETH.
- Copy the unique deposit address provided (or scan the QR code).
- Go to your external wallet or exchange and initiate a withdrawal using the copied address.
Ensure accuracy when entering the address—sending funds to the wrong network or address may result in irreversible loss. Also, confirm that you're using the correct blockchain network (e.g., ERC-20 for ETH-based tokens).
Once confirmed, your deposit will appear in your Binance account within minutes, depending on blockchain congestion.
Limit Orders vs. Market Orders: What’s the Difference?
Binance offers two primary methods for executing trades: limit orders and market orders. Each serves different strategic purposes based on your timing, price expectations, and risk tolerance.
Limit Orders
A limit order allows you to set a specific price at which you want to buy or sell an alt-coin. For example, if TRX is currently trading at $0.06 but you believe it's overvalued, you can place a limit order at $0.055. The trade executes only when the market reaches your specified price.
✅ Advantages:
- Greater control over entry and exit points
- Helps avoid emotional, impulsive decisions
❌ Drawbacks:
- Orders may not execute if the market doesn’t reach your target
- Slower fulfillment during low-volatility periods
Market Orders
With a market order, you buy or sell immediately at the best available current price. This method prioritizes speed and certainty of execution.
✅ Advantages:
- Instant transactions
- Ideal for fast-moving markets
❌ Drawbacks:
- Slight price slippage possible during high volatility
- Less control over final execution price
Choose the method that aligns with your trading strategy—precision or immediacy.
Choosing Your Base Currency
Binance supports multiple base currencies for trading pairs, including:
- Bitcoin (BTC)
- Ethereum (ETH)
- Binance Coin (BNB)
- Tether (USDT)
For most users, BTC and ETH are preferred due to their liquidity and widespread adoption. While USDT offers stability as a stablecoin, its availability is limited to select alt-coin pairs.
To select your base currency:
- Open the Binance app.
- Tap Markets at the bottom-left.
- At the top of the screen, choose your desired base currency (e.g., ETH).
- You’ll now see all alt-coins tradable against that currency.
This setup simplifies navigation and allows you to focus only on relevant trading pairs.
Selecting the Alt-Coin You Want to Buy
Once your base currency is set, browse the list of available alt-coins. Let’s say you want to buy TRON (TRX).
You can:
- Scroll through the list manually
- Use the search bar (magnifying glass icon) to find “TRX” quickly
Tap on the TRX/ETH pair (or whichever base currency you selected) to open its market page. Here, you’ll see real-time data including price charts, order book depth, recent trades, and 24-hour volume.
Pro tip: Tap the star icon in the top-right corner to add TRX to your favorites. This makes it easier to track and access frequently traded coins later.
👉 Access real-time market data and powerful trading tools in one integrated platform.
Executing Your Trade: Step-by-Step
Now comes the final step—buying your chosen alt-coin.
Using a Limit Order
- On the TRX market page, tap Order Book.
- Press the green Buy button.
Enter:
- Price per coin (your target)
- Quantity of TRX you wish to purchase
- Adjust amounts manually or use percentage buttons (e.g., 25%, 50%) based on available ETH balance.
- Review details carefully.
- Tap Buy TRX to place your order.
Your order will appear in the Open Orders section until filled. Partial fills are common; Binance matches your order incrementally as market conditions align.
Using a Market Order
- Tap Market Trades on the same market page.
- Press the green Buy button.
- Enter the amount of TRX you’d like to purchase.
- Confirm the total cost in ETH.
- Tap Buy TRX—transaction completes instantly.
Market orders are ideal when entering fast-rising markets or securing a position without delay.
Core Keywords for Search Visibility
To ensure this guide ranks well for relevant queries and meets user search intent, we’ve naturally integrated key terms throughout:
- Buy Ripple XRP
- Trade TRON with Bitcoin
- How to buy alt-coins
- Binance trading guide
- Cryptocurrency exchange tips
- Ethereum to alt-coin conversion
- Limit vs market order crypto
- Fund Binance wallet
These keywords reflect common questions users ask when starting out on Binance, improving both discoverability and usefulness.
Frequently Asked Questions
Can I buy XRP directly with BTC on Binance?
Yes. Simply go to the BTC market section, search for XRP, and select the XRP/BTC trading pair. You can then place a limit or market order to complete the trade.
Is it safe to store alt-coins on Binance?
While Binance employs advanced security measures, it’s generally safer to transfer large holdings to a private hardware wallet for long-term storage.
Why didn’t my limit order execute?
Limit orders only fill when market prices reach your specified level. If the price hasn’t dropped (or risen) to your target, the order remains open.
Can I cancel an open limit order?
Yes. Go to the Orders tab on the coin’s market page, select Open Orders, and tap Cancel next to the pending trade.
Does Binance charge extra fees for small trades?
No additional fees apply, but remember the standard 0.1% trading fee is always active regardless of trade size.
Should I use ETH or BTC as my base currency?
Both work well. ETH often provides more alt-coin pairing options than BTC on Binance, making it slightly more versatile for diversification.
👉 Start trading confidently with intuitive tools designed for both beginners and experts.
By following these steps, you can confidently navigate Binance to convert BTC or ETH into popular alt-coins like Ripple, TRON, and beyond. With a clear understanding of fees, order types, and platform navigation, you're better equipped to build a dynamic and responsive crypto portfolio.
Stay informed, monitor market trends, and always prioritize secure practices—your journey into advanced cryptocurrency trading starts here.