There is no minimum requirement for Binance.
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.
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.
Binance offers 2-Factor Authentication, connection history and other custom-built measures.
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.