Table of Contents
What is Binance
Η Binance is the largest cryptocurrency exchange in the world, with a trading volume exceeding 2 trillion USD per day. The exchange offers a wide range of cryptocurrencies to buy, sell and trade, including Bitcoin, Ethereum, Tether and over 400 tokens & coins.
Binance was founded in 2017 by ΤShangpeng Chao, a businessman from Hong Kong. The exchange has since expanded to more than 180 countries and regions, with more than 100 million users.
| 🌎 Web Address: https://www.binance.com/ | (I.e. Deposit methods: SEPA & Bank transfer (ACH), PayID, Debit card, Credit card, SWIFT, Cryptocurrency |
| (I.e. Location: Cayman Islands | 💰 Minimum deposit: 0,00005 BTC / 0,00000001 USDT |
| (I.e. Cryptocurrencies: BTC, ETH, DOT, ADA, DOGE & 600+ more | 💡 Trading Fees: Maker: 0,015%, Receiver: 0,1% |
| (I.e. Fiat currencies: USD, AUD, JPY, CAD, PKR, CNY, EUR, GBP and more | ✅ Mobile App: Yes |
How Binance works
Binance acts as an intermediary between buyers and sellers of cryptocurrencies. Users can buy cryptocurrencies for example Bitcoin with fiat money, such as US dollars or euros, or with other cryptocurrencies.
Binance offers several types of trades, including:
- Spot transactions: Spot trading is the most basic form of cryptocurrency trading. Users buy and sell cryptocurrencies in real-time, based on the current buy and sell price.
- Leveraged trading: Leveraged trading allows users to open positions that are larger than their available balances. This can allow them to make more money, but also to lose more money in the event of a loss.
- Derivatives transactions: Derivatives trades are based on underlying assets such as stocks, commodities or cryptocurrencies. Users can bet on the rise or fall in the price of an underlying asset.
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Advantages of Binance
Binance offers a number of benefits to its users, including:
- Wide range of cryptocurrencies: Binance offers a wide range of cryptocurrencies to buy, sell and trade.
- Reduced Fees: Binance offers reduced transaction fees compared to other cryptocurrency exchanges.
- Security: Binance uses a number of security measures to protect its users' money and personal information.
How to register on Binance
- Visit her website Binance
- Click the “Register".
- Fill out the registration form with your email address, phone number and password.
- Select a country or region of residence.
- Agree to Binance terms and conditions.
You will receive an email or SMS message with a verification link. Click the link to verify your account.
Once you verify your account, you will be able to start trading cryptocurrencies.
Here are some tips to make your Binance registration more secure:
- Use one strong password containing at least 12 characters, including uppercase, lowercase, numbers, and special characters.
- Activate it two-factor authentication (2FA) to add extra security to your account.
- Never reveal your personal information or your account password to anyone.
If you have any questions about your Binance registration, you can contact Binance support.
Epilogue
Binance is a powerful cryptocurrency exchange that offers a number of benefits to its users. However, users should be aware of the risks involved in cryptocurrency trading before they start using Binance or any other cryptocurrency exchange.
The Binance Labs is an investment arm that invests in blockchain companies and projects.
An educational platform that offers free courses and resources about blockchain and cryptocurrencies.
Binance is the largest cryptocurrency exchange in the world, with a daily trading volume exceeding US$2 trillion. The exchange offers a wide range of cryptocurrencies to buy, sell and trade, including Bitcoin, Ethereum, Tether and many others.
