Binance

Binance is a cryptocurrency exchange like coinexchange,cryptopia, bittrex, poloniex,.. binance was established in July 2017 in shanghai, by Mr. chengpeng Zhao. In addition to being an exchange, binance also launched its own cryptocurrency, BNB, to finance the development of binance.

Binance is one of the largest and most popular cryptocurrency exchanges today. This is a reputable cryptocurrency exchange and is trusted by many users around the world.

Binance was founded in China but moved servers and headquarters out of China and into Japan before the Chinese government’s ban on crypto trading in September 2017 and into March. In 2018 the company established an office in Taiwan.

Trading volume
Binance has achieved great success with a significant increase in trading volume since its inception and is taking the number one position in the number of transactions within 24 hours. Specifically, in the past 24 hours, it has reached over 20 billion USD.

Security issue
Binance enhances security with U2F authentication method, in addition, Binance also encourages users to enable 2FA two-factor authentication by sms authentication or using Google Authenticator.

Additionally, investors trading on Binance have an option to whitelist addresses and set up anti-phishing codes. Any withdrawals from Binance must be confirmed again via email of the exchange account holder.

Currently, Binance has more than 15 million regular users. In addition, the exchange is liquid about $4 billion per day, with peaks having a trading volume of more than $20 billion. To have such a huge trading volume. Binance already has an extremely effective application ecosystem to attract investors.

If I were to ask whether to use Binance or not, I can confirm that when you have participated in the Crypto market, you should have a Binance account. And certainly Binance is not a hot exchange!

Diverse Cryptocurrencies: Binance offers over 100 different cryptocurrencies for trading, including popular cryptocurrencies like Bitcoin, Ethereum, Binance Coin and the latest cryptocurrencies.
Fast and Secure Transactions: Binance provides a reliable trading platform with fast transaction speed and high security.
Reasonable Prices: Binance offers reasonable prices for cryptocurrencies to make it easy and cost-effective for users to trade.
Preferential Commission Policy: Binance offers a favorable commission policy to crypto traders on their exchange, helping them save costs and increase profits.
Attentive Customer Support Service: Binance provides 24/7 customer support with dedicated and professional support team. They will help users with trading related issues and provide information about the exchange. Binance also provides an online community where users can share experiences and learn from each other.
Global User Community: Binance has a global user community with millions of users from all over the world. This provides an opportunity for users to seek out trading opportunities and learn from the community.
Advanced Trading Tools and Features: Binance offers a number of advanced trading tools and features such as Margin Trading, Futures Trading and Staking functions to help users increase profits and effectively manage risks. fruit.
In a nutshell, Binance offers a good cryptocurrency trading platform with a wide range of cryptocurrencies, fast and secure transactions, reasonable prices and preferential commission policy, customer support service. Good products and global user community

Trading fees on Binance exchange
Currently, the Binance exchange is free for deposits (Deposit) and when withdrawing (Withdrawal) you will be charged for each different Coin:
BNB Withdrawals: 1 BNB
BTC Withdrawals: 0.0005 BTC
ETH Withdrawals: 0.005 ETH
LTC Withdrawals: 0.001 LTC
NEO Withdrawals: Free
QTUM Withdrawals: 0.1 QTUM
SNT Withdrawals: 1 SNT
EOS Withdrawals: 0.1 EOS
GAS Withdrawals: Free
BTM Withdrawals: 1 BTM
BCC/BCH Withdrawals: confirming

Another great advantage that you have when joining BINANCE is that BINANCE has a policy to encourage many people to join Binance Exchange, you will get 10% commission.

Join Register the virtual currency exchange with the most participants today:

Please enter your email or mobile phone number if you want to register the interface on mobile and computer is quite similar, so please fill in the registration information.

Trading platform
Binance is considered to be willing to pay when using two platforms: using Binance on the website and using Binance on the Binance App. Currently, Binance App is supported on both Android and iOS operating systems. These are considered popular operating systems for users, so if you want to download the Binance App, you can download it at any time.

Alternatively you can use the Binance Website. After being improved on the application in 2019, Binance’s interface is much more eye-catching and easy to understand. It is very easy to use for those of you who have never used it or have used it before. Moreover, their screen interface can be changed from basic, classic and advanced to help you freely choose the transactions that you love.

Trading products
When it comes to the Binance exchange, the biggest advantage of this exchange is certainly the provision of diverse trading products. Binance is one of the top cryptocurrency exchanges that provides trading services and top-notch trading facilities today.

Binance has a wide range of trading products.

BNB is the internally traded cryptocurrency of the Binance exchange.
In addition, the Binance exchange also supports trading other cryptocurrencies such as BTC, ETH, BNB and USDT. Meaning, if you want to trade on Binance exchange, you need to have BTC, ETH, USDT in Binance wallet.
NEO/BTC, GAS/BTC, ETH/BTC, and BNB/BTC are the most commonly traded currency pairs on the Binance exchange

Binance Exchange Ecosystem
In most of the exchanges operating today, Binance is known for having a very diverse ecosystem. The exchange provides many services such as: Lending, Margin trading, Futures, Staking, DEX, …

P2P transaction: is a very neat and popular feature. Binance provides a peer-to-peer (P2P) trading service that directly connects crypto buyers and sellers. This facilitates fiat payments, with various payment options depending on user preferences.

Credit/Debit Cards: Binance recently partnered with Simplex to provide brokerage services through credit and debit cards. This service allows you to buy 31 different cryptocurrencies with a credit card. However, this service comes with a premium that can go up to 3.5% on purchases in USD.

Options: on September 17, 2019, Binance officially launched their futures trading.

Binance JEX: this is known as the regular and derivatives trading platform acquired by Binance from JEX. Although not as popular as Binance Futures, the Binance exchange is still developing the platform.

Binance DEX: direct transactions between two people without going through any middlemen. Eliminate common problems in virtual currency investment such as hackers, scams.

Binance Lending: this is a form of cryptocurrency lending, those who store coins for a long time can consider Lending for more profit.

Binance Launchpad: a token launch pad for Blockchain projects, a form that is considered a stepping stone for Startups “To the moon”. Token issuance platform of a virtual currency exchange.

Binance Cloud: this is a feature that supports opening a cryptocurrency exchange. Helps you build a crypto exchange simply and quickly based on existing platforms.

Binance Options: this is known as American options trading. You can make a profit by predicting the up or down price of the coins.

Trust Wallet: is a decentralized cryptocurrency storage wallet. In addition to storing money on the exchange, you can use this wallet to save to ensure the safety of your assets.

Fees and transaction limits
In terms of transaction fees, Binance charges 0.1% per transaction on its platform, making it one of the cheapest cryptocurrency exchanges. In addition, users of the basic level (VIP 0) will only pay 0.02% producer fee plus 0.04% receiver fee. Users can also receive significant transaction fee discounts when using Binance Coin (a coin issued by Binance) (up to 25%), referring friends (up to 25%).

Regarding the transaction limit, Binance stipulates based on the customer’s level, specifically as follows:

Level 1 (unverified identity): Trade/withdraw 2 BTC every 24 hours
Level 2 (fully verified): 100 BTC every 24 hours trading/withdrawal
Level 3 (for “whales”): Over 100 BTC every 24 hours

Sign up for a Binance account

Deposit and withdraw money
Binance Marketplace only provides crypto-to-crypto service, crypto-deposit and withdrawal accounts will all be connected to an e-wallet account. In addition, users can make purchases and send fiat currencies through fiat-to-crypto 3rd party offerings. Fiat currency deposit and withdrawal methods are different for each currency.

Deposit fees on Binance are free for you to deposit crypto. Conversely, when you deposit fiat currency, the deposit fee will be charged depending on the currency and transaction method.

The withdrawal process on the Binance exchange is quick and simple. You just need to provide your e-wallet address to make withdrawals. When withdrawing you need to pay a fixed fee to withdraw money to your wallet. Withdrawal fees for Coins will depend on the cryptocurrency. For fiat currency, the fee will depend on the currency and method of payment.

Customer support
Customer support is satisfying, but there is room for further improvement.

The exchange has a dedicated form to deal with each support request. Through it, you can contact Binance support in case of problems or to ask questions related to the exchange. However, we have noticed that the wait for support is unusually long and sometimes lasts several days. Some customers have even complained that they did not receive any response.

However, you also need to keep in mind that the demand on the exchange is huge with over 300,000 active users per day. The largest cryptocurrency exchanges in the world usually only have about 20 employees. On their website we see that the exchange is currently recruiting for a customer service officer position, which means they are aware of the delay.

Hopefully, the Binance virtual exchange reviews and serious Binance exchange reviews in the above article will help you gain more knowledge about Binance exchange. This also provides a good basis to guide your investment experience on the Binance exchange.