Binance is a leading cryptocurrency exchange for cryptocurrency traders and the world’s biggest bitcoin exchange and altcoin crypto exchange in the world by volume. Today, the exchange has over 15 million users and settles more than USD 2 billion on an average trading day.
Table of Contents
- 1 What is Binance
- 2 Pros
- 3 Cons
- 4 Screenshots
- 5 Binance features
- 6 Binance ecosystem
- 7 Binance trading fees
What is Binance
Binance is a leading cryptocurrency exchange that offers trading Bitcoin and altcoins. Changpeng Zhao (Chinese: 赵长鹏) is a Chinese-Canadian business executive, who is the founder and CEO of Binance. Zhao was previously a member of the team that developed Blockchain.info and also served as chief technology officer of OKCoin.
- Web address: Binance.com / Binance.us
- Main location: Malta
- Daily volume: 493248 BTC
- Mobile app available: Yes
- Is decentralized: No
- Parent Company: Binance Holding
- Transfer types: Bank Transfer, Credit Card, Debit Card, Crypto Transfer
- Supported fiat: USD, EUR
- Supported pairs: 500+
- Has token: Binance Coin BNB
- Fees: Very Low
- Very low fees
- Ease of use
- Ability to buy and sell crypto with fiat
- Wide range of cryptocurrencies (altcoins)
- Very high liquidity
- No phone for customer support
- Experienced security breaches in the past
- No privacy-preserving measures
Binance exchange is one of the TOP 5 cryptocurrency exchanges for beginner and advanced investors.
Binance’s core features include:
- Low trading fees
- Customer support 24/7
- Binance card
Mobile version and Web platform
Binance cryptocurrency exchange is accessible via its web platform, mobile apps (Android and iOS), and desktop clients for macOS and Windows.
As a registered user you can participate in Binance’s initial exchange offerings (IEOs).
Passive income from crypto assets
Binance supports staking, crypto lending, and other means of earning passive income from your crypto assets.
Binance coin (BNB)
BNB powers the Binance Ecosystem. As the native coin of Binance Chain, BNB has multiple use cases: fueling transactions on the Chain, paying for transaction fees on Binance Exchange, making in-store payments, and many more.
Binance Exchange is the largest crypto exchange by trade volume and one of the fastest in the world. Binance is a blockchain and crypto-asset exchange
Binance Chain is a community-driven blockchain software system, with developers and contributors from all over the world. Binance DEX is the decentralized exchange feature developed on top of the Binance Chain.
Binance Academy is an open-access learning hub, providing a one-stop-shop for blockchain and crypto learning resources.
Binance Charity is a not-for-profit foundation dedicated to advancing blockchain-enabled philanthropy and global sustainable development.
Binance Info is a crypto-encyclopedia; an open and objective information aggregation platform where anyone can contribute.
Binance Labs is an infrastructure impact fund and an initiative to incubate, invest in, and empower blockchain projects.
Binance Launchpad is the exclusive token launch platform for entrepreneurs to bring the most transformative crypto projects to life.
Binance Research provides institutional-grade research reports, data-driven insights and analysis for investors in the crypto space.
The official wallet of Binance, Trust Wallet is a secure, decentralized wallet where users can send, receive and store their digital assets.
Binance trading fees
Trading on Binance is fairly easy and user friendly. Binance takes a 0.1% cut of every trade that takes place on its trading platform.
Click the link that gives you a 10% commission kickback, in other words, you save 10% on trading fees