What is Binance Exchange?

Binance exchange, founded in China in 2017, is known as a world-wide cryptocurrency exchange platform which provides trading of more than 100 cryptocurrencies. It has gained investor’s trust and quickly became the biggest exchange platform in terms of trading volume.

Exchange Safety

Binance considers itself as a safe exchange cryptocurrency platform since the users have 2FA (Two Factor Authentication), which makes the accounts very difficult for hackers to steal information. Moreover, a unique anti-pushing code can differentiate between fake and genuine e-mails. Withdrawal requests are processed after the users confirm it via their e-mails.

Trading Fees

Binance deals with only crypto-based digital assets such as Bitcoin (BTC), Etherium (ETH), altcoins or ICO tokens. You, as a user, do not need to verify your account to trade cryptocurrecies. However, unverified accounts will have a limit on the withdrawal of 2 Bitcoin (BTC) for 24 hours. The exchange fee to trade is 0.1% but holding Binance Coin (BNB) gives further discounts.

Binance exchange trading fees by TheCryptoHunter
Binance exchange trading fees by TheCryptoHunter
Binance Coin (BNB)

Exchange has released its cryptocurrency a while ago with starting price of a $0.30. The price of a BNB token went over $35 in 2018 when market treats bullish trend on other crypocurrencies including bitcoin.

Click to know how to register on Binance.

Leave a Reply

Your email address will not be published. Required fields are marked *