The Binance cryptocurrency exchange entered the world TOP in terms of cryptocurrency trading volume a year after its opening. At the moment, it tops the list of the best cryptocurrency exchanges. Since 2018, the exchange has been the undisputed leader in terms of trading volume and the number of users. Binance has attracted the attention of the entire blockchain community and traders by its low fees and a huge number of currency pairs.
Chinese developers unveiled their ambitious Binance project in 2017. As part of the ICO, Binance managed to attract $15 million to its project, which is now considered the ICO benchmark in the crypto community. The headquarters of the cryptocurrency trading platform is located in Hong Kong.
Immediately after the launch, Binance began an explosive rise in the ranking of crypto exchanges. There were many reasons for this, but the main ones were:
The key idea of the creator of the exchange is to eliminate dependence on regulators from various states. To do this, the company had to expand, opening branches in different countries. Binance was originally an exchange specializing in Crypto-to-Crypto transactions, which also helped avoid dependence on regulators. But, cryptocurrency trading pairs with fiat were added to the exchange starting in 2019.
In the buy cryptocurrency section, you can buy digital assets for fiat money by paying for the purchase with a bank card. The algorithm of actions is simple:
Next, you will be transferred to the payment page, where you will need to specify the card details and carry out the settlement operation.
Similarly, you can buy cryptocurrency using the fiat balance available on the exchange by selecting the appropriate section from the Buy Cryptocurrency tab menu.
You need to go to the Convert section to buy cryptocurrencies for another digital asset. You will need to select the exchange direction in the top line and select the currency you want to give in the lower purchase currency. Then click Preview Conversion. After confirming the transaction, the indicated amounts will be debited and credited to your balance.
Binance provides its users with the ability to buy cryptocurrency quickly, and you can do this via several ways:
Binance provides advanced functionality for finance, with which users can make deposits and receive rewards, receive loans for transactions, or even mine. Use Binance signals to make profitable trades.
Binance regularly conducts Airdrop for cryptocurrency trading and pleases its traders with all kinds of bonuses. Keep a close eye on Binance’s announcements on social media accounts and follow the terms and conditions to not miss out on the opportunity to take part in the upcoming giveaways.
As a rule, users are required to support a new project by purchasing its tokens even before the start of the official listing, in return for which you will receive a reward in the form of an airdrop. The earlier the deposit was made and the larger its amount, the higher the reward.
Binance has two native cryptocurrencies, BNB and BUSD. The BNB coin is designed to support working with the platform’s ecosystem and has many uses. For example, you can use it to pay commissions on the exchange, as fuel for transactions, and in cryptocurrency trading. If the exchange commission is paid with the BNB token, the trader can count on a discount that can reach 50% of the fees.
BUSD Binance stable coin pegged to the dollar at a 1:1 ratio. The coin can be used for cryptocurrency trading, while transactions will have a zero maker commission. No commission is charged if you want to convert BUSD to other stablecoins or buy a coin for fiat.
Binance provides several options for trading terminals, among which you can find convenience for cryptocurrency trading. If you are a novice trader, then the best solution would be to choose a classic trading terminal. Going into it, on the right side, you will see a list of the presented trading pairs by clicking on which the graph of the price change will be displayed in the center.
The window for placing trades is located immediately below the chart. To place an order, enter the required trade parameters and confirm the placement. As soon as the order is executed, your balance will be changed. Beginners should use Binance signals, which will help them make potentially profitable deals on time.
Binance fees. Fees on Binance are among the lowest in the crypto market at just 0.1%. At the same time, in some cases, for example, when using the BNB token, the trading commission can be reduced even more or completely canceled.
Binance crypto exchange support. Faced with problems, users can look at the FAQ section on the site or find an answer in the Binance Academy. If you cannot solve the problem on your own, you can contact the support service via Live Chat or write an appeal by e-mail.
Benefits of the Binance exchange:
Binance Exchange is a top-level project that can provide users with convenient cryptocurrency trading, liquidity, fast order closing, convenient and powerful functionality. It has everything you need for professional trading and many useful features that are not available on other crypto exchanges.