Binance is a centralized exchange founded in 2017 and registered in the Cayman Islands. Currently, the exchange offers trading services for 398 currencies and 1,430 trading pairs. The platform has become a trusted player in the cryptocurrency space, where users can buy, sell and store their digital assets, and access more than 350 cryptocurrencies and thousands of trading pairs. Currently, users cover more than 180 countries and regions around the world. With 1.4 million orders per second of core memory matching technology, it is one of the fastest cryptocurrency trading platforms in the world and one of the largest cryptocurrency trading platforms in the world.
Binance was founded in June 2017 and grew into the world's largest cryptocurrency exchange in 180 days.
Changpeng Zhao, the founder and CEO of Binance, commonly known as "CZ", is a former high-frequency trading software developer. As the world's leading cryptocurrency exchange, Binance not only offers users access to over 500 cryptocurrencies and a vast selection of trade types, but also spans the entire ecosystem.
Traders can finance and participate in margin trading on Binance Margin, and then trade cryptocurrencies with 10x leverage. In addition, users can use derivative products such as Bianace Futures, liquidate in USDT, BUSD or other cryptocurrencies, or operate leveraged trades on Bianace Options.
The platform is user-friendly and has one of the cheapest fees. It has a variety of trade type options and provides a range of advanced trading tools for experienced investors. The exchange charges fees through a tier system, ranging from general users to level 9 VIP. General users are charged a 0.1% maker and taker fee for spot trading. Starting from July 2022, Binance announced that Bitcoin spot trading pairs will be free of transaction fees, and from August this preferential policy will be extended to ETH/BUSD trading pairs.
0.02% to 0.10% purchase and transaction fees
3% to 4.5% for debit card purchases
Free Single Euro Payments Area (SEPA) transfers or $15 per US wire transfer
Binance is considered a relatively safe cryptocurrency exchange with a strong system to ensure the security of customer accounts, including the use of 2FA verification, FDIC-insured US dollar balances, device management, address whitelisting, and cold storage settings.
In addition, Binance uses a threshold signature scheme to ensure the security of user funds, which is a cryptographic protocol for distributed key generation and signing. It allows the construction of signatures distributed among different parties, and each user receives a private signing key. For example, if there are three users, at least two of them need to join to sign a transaction.
In addition to depositing funds on centralized cryptocurrency exchanges, users can also choose to transfer funds to reputable wallets. However, each method has certain risks, and users need to compare according to their specific circumstances and choose the most appropriate method.
As the world's leading cryptocurrency exchange, Binance currently serves 230 million registered users in more than 180 countries. With low fees and over 350 tradable cryptocurrencies, Binance is the go-to exchange for Bitcoin, altcoins, and other virtual assets.
On Binance, users can:
Trade hundreds of cryptocurrencies in spot, margin, and futures markets.
Buy and sell cryptocurrencies through Binance P2P.
Earn interest on cryptocurrencies through Binance Finance.
Buy or earn new tokens on Binance Launchpad.
Trade, stake, and lend NFTs on the Binance NFT Marketplace.
Users can buy cryptocurrencies on Binance in a variety of ways. You can buy coins on Binance using a credit/debit card, cash balance, or Apple Pay/Google Pay. Before you start buying coins, make sure you have completed the Binance account identity verification.
You can trade hundreds of cryptocurrencies on Binance spot, margin, futures, and options markets. To start trading, users need to register a Binance account, complete identity verification, and purchase/top up cryptocurrencies before they can start trading.
Binance Finance offers a variety of products for users to earn income from more than 180 cryptocurrencies. Our platform offers dozens of digital assets including Bitcoin, Ethereum, and stablecoins.
