- Listed on Binance with INIT/USDT trading pair since April 24, 2025.
- Also available on Binance Futures with a USDⓈ-M INIT Perpetual Contract.
- Total supply: 1 billion tokens; ~148 million at TGE; 30 million allocated to Binance Launchpool.
Steps to Trade INIT on Binance:
1. Account Setup:
- Sign up at binance.com and complete identity verification (KYC) with ID documents.
- Enable 2FA (e.g., Google Authenticator) for security.
2. Deposit Funds:
- Go to "Wallet" > "Fiat and Spot" > "Deposit."
- Deposit fiat (USD/EUR via bank transfer/card) or crypto (BTC/ETH).
- Alternatively, use Binance P2P to buy crypto with local payment methods.
3. Trade INIT:
- Navigate to "Trade" > "Spot."
- Search for INIT/USDT pair.
- Choose order type:
- Market order: Buy/sell at current price.
- Limit order: Set your desired price.
- Enter amount and confirm trade.
4. Futures Trading (Optional):
- Go to "Derivatives" > "USDⓈ-M Futures."
- Select INIT/USDT perpetual contract.
- Adjust leverage (high risk) and place order.
5. Withdraw or Store:
- Transfer INIT to your Binance wallet or an external wallet via "Wallet" > "Withdraw."
Troubleshooting Common Binance Issues:
- Login Problems: Reset password or verify 2FA. Contact support if locked out.
- KYC Issues: Ensure ID documents are clear and match your details. Check verification status in "Account."
- Trading Restrictions: Some regions have limits; use a VPN if allowed, or check Binance’s terms.
- Deposit/Withdrawal Delays: Confirm network (e.g., BEP20 for BNB Chain) and check blockchain status.
- Platform Errors: Clear browser cache, try the Binance app, or switch to a stable internet connection.
- Fees: Spot trading fees are ~0.1% (lower with BNB); check fee schedule in "User Center."
Additional Tips:
- Monitor INIT’s price and news on Binance or X for sentiment (some predict $1–$2 due to low TGE supply).
- Research Initia’s ecosystem (Layer 1 blockchain) for informed trading.
- Use Binance Launchpool to stake BNB/FDUSD/USDC and earn INIT tokens.
- Beware of volatility and only invest what you can afford to lose.