![]() ![]() Binance appīinance has a mobile and desktop app which can be downloaded using the download link in your account. The increased popularity made the value of BNB token to rise slowly over time.Įven though it’s been just a few years since the initial launch of the exchange, Binance is already a household name to those in the cryptocurrency investment and trading business. Binance coinīinance has its own coin known as, the Binance Coin (BNB), which is used within the exchange for trading cryptocurrencies as well as paying fees. Whether you’re new to the world of cryptocurrencies or you’re a seasoned veteran, you should keep your eye on this exchange. Zhao’sįrom its successful ICO to their decision to be as globally-accessible as possible, it’s no wonder that Binance has become a significant player among exchanges. We believe that by spreading this freedom, we can significantly improve lives around the world. Our vision is to increase the freedom of money globally. This move proved to be a wise choice, as the newly-launched exchange has only grown since then. They are now headquartered on the island of Malta and have other locations all over the world.īinance fundamental goal is being able to offer regulation-free cryptocurrency exchange services to a global market. They had to think creatively to operate more freely. Zhao’s company, Beijie Technology, raised over $15 million to start the exchange after an extremely lucrative ICO (Initial Coin Offering), and Binance has been on the rise ever since the launch days.īuilding up one of the world’s strongest cryptocurrency exchanges was no easy task, and it wasn’t always such smooth sailing for Binance.Ĭhina’s government regulations on cryptocurrency proved to be more than just a minor inconvenience for the Hong Kong-based company. Originally a China-based cryptocurrency exchange service, Binance was founded in 2017 by a developer named Changpeng Zhao.Īlthough, relatively new to the exchange industry, Binance has proven that with a strong business plan, directed towards attracting and satisfying users, you can rise to the top very quickly. Standard trading fees average a very competitive 0.1%, this can be further reduced for those holding the platform’s proprietary digital asset – the Binance Coin. Secondly, transaction fees are extremely low at Binance. ![]() While this of course includes hallmark coins like Bitcoin and Ethereum, this also includes small-to-micro cap tokens. Firstly, the platform offers a hugely extensive lists of supported cryptocurrency pairs. Up until recently, Binance was primarily made to be a crypto-to-crypto exchange, meaning that it had no involvement in fiat deposits or withdrawals.īut some months back from the time of writing this review, the platform now offers a limited amount of support for bank account and credit card direct deposits.īinance has risen to fame for a number of reasons. ![]() Binance is a third-party cryptocurrency exchange platform that allows users to buy, sell and trade cryptocurrencies such as Bitcoin, Ethereum, Bitcoin Cash, and many other Altcoins, including the newly released cheap cryptocurrencies. ![]()
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