The largest exchange in the world
Binance is the world’s first online exchange due to the volume of trades. You can trade crypto to crypto and always stay up to date. This exchange has an easy user interface and is ready to provide services to professional and amateur traders. The best part is the low fees and easy-to-use mobile app which allows you to work from office or your bed.
Similar Exchanges to BinanceEvery exchange has its highlights. Knowing similar exchanges to Binance will help you compare between them.
Know more about Binance
The Binance exchange is the world’s greatest online exchange, because of the volume of the trades and altcoins it supports. Binance exchange founder is Changpeng Zao, known as CZ. Formerly, technical manager of bitcoin.com and developer at bitcoin wallet and OKCoin.
The Binance exchange works crypto to crypto but you can trade using fiat currencies available in the site. This exchange was established in 2017, China. But following the Chinese government's increasing regulation of cryptocurrency, they moved the headquarters to Japan and in March 2018 they opened an office in Malta too.
Binance has its crypto named Binance coin (BNB). They started with an ICO and the value of BNB increased about 250% since then. Not only BNB is a good choice to invest, but also if you use it for paying fee in Binance, you will get 50% off.
Is Binance really a good exchange?
It is the greatest online exchange.
Supports more than 1000 coin and tokens.
Withdrawal limit for verified customers valuing up to 100BTC per day.
Easy to use mobile app
Not a user friendly site for amatures.
Supports a large number of Altcoins and Coins
One of the main reasons for the popularity of Binance Exchange is that it supports a variety of cryptocurrencies.
There are over 1000 different coins and tokens in Binance. It supports popular currencies such as Ethereum (ETH) and Litecoin (LTC) to smaller coins such as CyberMiles (CMT), ZCoin (XZC), and Coinbase. It also has the most Bitcoin trades in the world.
Low trading cost (Fee)
Another great feature of Binance is that the cost per receipt is one of the lowest. 0.1% will be deducted from the customer in each transaction, which means that if you trade 1 ETH, only 0.001 ETH will be deducted from you!
Ordinary traders at Binance Exchange have a chance to win prizes too. cryptocurrency prices always fluctuate but you can earn free cryptocurrencies like Waves (WAVES) and Ontology (ONT) by competing. This exchange has even donated a Maserati!
The exchange takes security very seriously and asks customers to set up 2-factor authentication (2FA) when registering an account. 2FA is an additional level of security that sends a code to your mobile phone whenever you want to sign in, trade or withdraw money, and you have to enter that code.