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Binance

Binance is considered to be one of the world's biggest crypto exchange platforms with over 100 cryptocurrency trading options. One of the most competitive fees.
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Binance
US- ALLOWED
Buy, Sell, Trade, Margin

General Information

What should you know about this exchange?

Minimum Deposit

There is no minimum requirement for Binance.

Supported Fiat Currencies

USD, EUR, GBP

Overview

Binance is considered to be one of the world's biggest crypto exchange platforms with over 100 cryptocurrency trading option. It is founded by Chinese-Canadian businessman Changpeng Zhao and it is headquartered in Malta due to strict crypto regulations in China. The exchange offers 15 languages including English, Chinese, Korean, French, Russian, and Italian.

Binance also provides online chat support in English and Chinese.Users of Binance and chose between two digital-trading platforms - Basic and Advance. The basic platform is more new user friendly. It is simpler to use and understand while the advance platform offers more in-depth technical analysis of digital currency value over time.

Users must have an account with Binance to trade on the platform. The limit of withdrawal is 2 BTC a day with an unverfied account or up to 100 BTC a day with a verified account. A photo ID must be provided to hold a verified account. Bitcoins can be bought on Binance via Debit and Credit Cards.
The average fee is 0.1% on each trade. Users who pay using Binance own Binance Token gets 50% off the fee.

Binance is one of the newer cryptocurrency exchanges on the market, and it has gained a very good reputation in the community within a short amount of time.

Binance

Pros

  • Fast – Processes 1.4 million orders per second.
  • Low fees – 0.1% transaction fees, less if you pay in BNB.
  • Liquidity – Offers high liquidity to its customers.
  • Excellent trading interface.
  • Excellent customer service.
  • NEW: You can fund your account with fiat currency.

Binance is well-known to pay attention to user security and innovative technology.

Binance

Cons

  • No storage of data, such as logging IP addresses
  • Two-factor authentication available for Chinese phone numbers

Only provides options for limit and market orders.

Additional Information:

Security features, type of orders and more.

Orders

There are three types of orders available on Binance Futures: limit order, market order, and stop-limit order. Please be noted that you are only allowed for one position per trading pair.

Is

Binance

safe?

Binance offers 2-Factor Authentication, connection history and other custom-built measures.

Binance

Supported Countries

Binance is mostly a crypto-to-crypto exchange, therefore it does not specify which countries are supported and which countries aren't. US traders can access Binance via its new platform Binance US.

Payment Methods

Bitcoin, Card

Alternative to

Binance