BitShares (BTS) is a decentralized finance platform that has recently been listed on Binance, one of the world’s largest cryptocurrency exchanges. This listing significantly improves BTS accessibility and liquidity for both new and experienced traders. If you are wondering how to get started with BitShares on Binance, this guide covers everything from creating an account to executing your first trade.

First, you will need a Binance account that has completed identity verification (KYC). Without this step, many deposit and withdrawal functions are restricted. Once you log in, navigate to the “Markets” tab and search for the BTS trading pair. Binance typically lists a new asset against major currencies such as USDT, BTC, or BNB. For BitShares, you will most likely see pairs like BTS/USDT and BTS/BTC.

To buy BTS, you need to first deposit a base currency like USDT (Tether) or BNB into your Binance wallet. You can deposit funds via a bank transfer, credit card, or by transferring crypto from another wallet. After your deposit is confirmed, go to the BitShares trading page. There, you will find two main interfaces: the spot trading panel and the “Convert” tool. If you are a beginner, the simplest method is to use the “Convert” feature. Select the currency you have (e.g., USDT) and the currency you want to purchase (BTS), enter the amount, and confirm the conversion at the current market price.

For more control over your transaction, the spot trading interface is recommended. Here, you can place a limit order—setting the exact price at which you want to buy BTS—or a market order, which executes instantly at the current best available price. After your order is filled, the BTS tokens will appear in your Binance “Spot Wallet.”

One key factor to consider when using BitShares on Binance is network compatibility. Binance uses the BSC (Binance Smart Chain) network or the main BitShares network for deposits and withdrawals. Always verify which network is selected before initiating a transfer, as sending tokens on the wrong network can result in permanent loss of funds. On the deposit page, Binance will clearly display supported networks for BTS; typically, you will see options for “BTS (Mainnet)” and “BEP20 (BSC).” Choose the one that matches the wallet you are sending from.

If you plan to hold BTS for the long term, it is generally recommended to withdraw tokens to your own wallet, such as the official BitShares wallet or a hardware wallet. To do this, go to “Withdraw” in your Binance wallet, paste your BitShares address, select the correct network (e.g., BTS Mainnet), and confirm the transaction. There may be a small withdrawal fee. For active traders, keeping BTS on Binance is convenient for quick buying and selling, but this comes with counterparty risk inherent to centralized exchanges.

In summary, using BitShares after its Binance listing is straightforward: create a verified Binance account, deposit a base currency like USDT, and use either the Convert tool or spot trading page to purchase BTS. Always check the network type before withdrawing funds to an external wallet. With Binance’s high liquidity, the BTS trading experience should be fast and reliable, offering exposure to one of the earliest decentralized exchange platforms in the crypto space.