What You Should Know About Binance?

Introducing Traders to Binance

Binance is one of the latest yet fastest growing platforms used to carry out trade exchanges in the form of crypto currencies. Within its launch of 5 months, Binance has gained worldwide popularity in the field of crypto currency exchanges. Several digital currencies are being listed on Binance such as Bitcoins, Ether, Altcoins, and many more. Binance also extends its support to new and promising ICO’s on its exchange portal for trading.

Binance Coins

The crypto currency created by Binance is called the Binance coin or BNB for short. An advantage of using BNB is that you can avail attractive discounts while trading on Binance. BNB can be used as an alternative option to pay for the services availed on Binance for example, exchange fees, listing fees, withdrawal fees or trading fees to buy or sell coins.

Opening a Binance Account

Step 1: Visit the Binance homepage

Step 2: Register by entering a valid e-mail id and the password of your choice

Step 3: Carry out the verification process by clicking on the link sent to your e-mail address

Step 4: After logging in, proceed with the two-factor authentication by scanning the QR displayed on the page

Step 5: Deposit funds by clicking on “Deposits Withdrawal” and select the digital currency you wish to deposit

Step 6: Carry out “buy” or “sell” transaction

Features of Binance

Binance is gaining widespread popularity due to the following features:

  1. It only deals with digital currencies that are legit.
  2. It is available in multiple languages
  3. Setting up an account on Binance is simple and users are not required to submit any verification documents to open an account in Binance.
  4. The interface is browser & user friendly and provides a safe medium for transactions due to its two-factor authentication and e-mail withdrawal verification.
  5. Processing time for orders is very high.
  6. It also has a mobile app that enables traders to trade on the move.
  7. The platform conducts frequent surprises such as lucky draws, prizes and other giveaways for its traders.
  8. As soon a fork takes place, Binance gives its users airdrops in the form of BitcoinGold or BitcoinDiamond.
  9. It offers a 20% bonus on trading carried out on the platform.
  10. Binance has made its presence felt in over 180 countries. It is also very active on social media platforms such as Twitter.

 

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