Binance Review

Binance is a digital currency exchange that was launched in July 2017. They support multiple cryptocurrencies and even have their own currency (BNB).
Buy/Sell Cryptocurrencies with Binance Now!

User Interface

Their trading platform is web-based and you have the option to use the Basic version which is ideal for beginners or the Advanced version if you already have a background in trading digital assets and would like to take advantage of the more-in-depth technical analysis tools. You can also use the Stop-Limit feature which is an order to buy or sell a cryptocurrency if it reaches a specified value.

Supported Coins

You can trade a variety of cryptocurrencies with this exchange and this includes Bitcoin, Ethereum, Litcoin, Neo, Qtum, Status, Bancor, Eos, Bitcoin Cash, Gas, USDT, openANX, district0x, Monaco, Iconomi, Walton, OmiseGO, 0x, Stratis, SingularDTV, Bitquence, KyberNetwork, FunFair, SONM, ChainLink, Verge, Centra, Salt, IOTA, Moeda Loyalty, Points, Metal, Substratum, Ethereum Classic, Monetha, Enigma, AirSwap, Bitcoin Gold, Dash, Everex, Request Network, Loopring, Viberate, Hshare, Tron and their own token which is the Binance Coin.

Payment Methods

This exchange only accepts payments via the cryptocurrencies that they support so if you want to trade then you need to deposit Bitcoin, Ethereum or other accepted digital currencies to your wallet.

Limits

Non-verified accounts can withdraw up to 2 BTC daily while verified accounts have higher limits at 50 BTC per 24 hours.

Reputation

Since it was launched in July 2017, it has been regarded as one of the fastest exchanges in the market with multi-coin support. The have a high liquid system is capable of processing up 1,400,000 orders per second, a feature that you can only experience from an established company.

Fees

Their fee structure is easy to understand and really competitive. Currently, a flat 0.10% fee is charged for every trade regardless of your trading volume. If you use their local BNB token for the transaction fees, you will be given a 50% discount which will reduce the fee to 0.05%.

Customer Support

Their support page is very detailed and even has a section for announcements and FAQs. They don’t have phone support and you can only reach their customer service department by sending them an email or opening a ticket.

Conclusion

Binance has an optimized platform which has a wide variety of digital currencies available for trading. If you’re into dealing with cryptocurrencies and would like to diversify your portfolio or if you’re simply looking for a well-established company with high liquidity then considering this exchange is a wise decision.

Binance Overview

Website www.binance.com
Supported Coins Binance Coin, Bitcoin, Ethereum, Litcoin, Neo, Qtum, Status, Bancor, Eos, Bitcoin Cash, Gas, USDT, openANX, district0x, Monaco, Iconomi, Walton, OmiseGO, 0x, Stratis, SingularDTV, Bitquence, KyberNetwork, FunFair, SONM, ChainLink, Verge, Centra, Salt, IOTA, Moeda Loyalty, Points, Metal, Substratum, Ethereum Classic, Monetha, Enigma, AirSwap, Bitcoin Gold, Dash, Everex, Request Network, Loopring, Viberate, Hshare, Tron
Deposit Fees Free
Transaction Fee 0.10%
Payment Methods Cryptocurrencies only
Support Email, Ticket

How to buy Bitcoin, Ethereum and other cryptocurrencies with Binance

  1. Register for an account with Binance and verify your account.
  2. Fund your wallet using the supported payment methods.
  3. Once your wallet has been funded, click on “Exchange” and choose the Basic version for trading cryptocurrencies.
  4. Choose the cryptocurrency that you would like to trade.
  5. Enter the amount of cryptocurrency that you would like to purchase or set the equivalent amount in the cryptocurrency that you have and would like to exchange with.
  6. Click on Buy to confirm the transaction.
  7. You will receive the cryptocurrency that you purchased on your wallet once your payment has been received and verified.
Buy/Sell cryptocurrencies with Binance!
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