Binance is a fairly young exchange, which was founded in the spring of 2017. Binance website was registered on the 1st of April, but today it is one of the most convenient and high-quality exchanges in the world and is actively seeking to take the place of the leader.
Where is Binance located? This is a Chinese stock exchange headquartered in Shanghai. Its founder is Changpeng Zhao, a man who worked with OKCoin, Blockchain.info, and Bloomberg.
To create the Binance exchange, an ICO was held, according to which the platform received investments for a sum of more than $ 15 million. Binance Coin (BNB), its own currency exchange, was also issued.
In addition to Binance exchange review, an important event for the company was the joining of Yi He, co-founder of the OKCoin trading platform. Right after that, only in a few days, BNB grew by as much as 40% on the course.
How to use Binance
The official Binance exchange website is www.Binance.com, which is available in 6 languages. In order to start working with the exchange, you will need to get a Binance login with a registration, which will take only a few minutes. Fill in all the data, agree to the Terms of Use and confirm the registration by the link from the e-mail. Now you are the user, but how to use Binance in the future?
Now you have the first level of authentication and 2 BTC per day is available withdrawal limit, which is quite enough for beginning traders. To get the second level, you will need to connect the Google Authenticator, or using SMS confirmation (only for Chinese mobile numbers). After that, the withdrawal limit is already as much as 100 BTC for 24 hours, which will satisfy the needs of most users.
Also, there is a third level, for which you will need to contact the exchange support, which will provide you with a detailed instruction and a list of all the necessary documents.
To put funds on your wallet, you need to go to the “Funds – Deposit Withdrawals” tab, then from the list, you should find a needed cryptocurrency in the table and select “Deposit”. After that, you will see the generated purse address to which the selected currency should be transferred. The funds will be available for work on the stock exchange.
How to withdraw from Binance? To output the cryptocurrency, instead of “Deposit”, select “Withdrawal” and enter the wallet address to which you want to withdraw the sum.
How to buy on Binance? To start trading select the tab “Exchange” and one of the displayed modes “Basic” or “Advanced”, after which we get to the page where the all trades are realizing.
Is Binance safe?
Binance is a young but extremely perspective exchange? Is Binance legit? Yes, all 100%. All users Binance reviews are very positive. Let’s highlight the advantages and disadvantages of this exchange and decide is Binance safe.
Advantages:
✔ The high trading volume. More than 4 billion dollars per day;
✔ The stability of work and well-done API;
✔ The number of currency pairs is over 200 and it is constantly replenished;
✔ Verification is not necessary to withdraw less than 2 BTC;
✔ User-friendly interface with the option of selecting an advanced version;
✔ The Binance fees are only 0.1%, and when using the BNB, the token is reduced to 0.05%. Definitely the lowest among all exchanges;
✔ When you store NEO, you get GAS tokens;
✔ Fastest rate of the development;
✔ Pleasant referral program. You get a half of the commission of the invited person;
✔ They have own mobile application;
With disadvantages, everything is much simpler.
▬ There isn’t the possibility of using fiat currencies.
So what is the conclusion of Binance review 2018? It is young but very actively growing and popular exchange, with high transaction speed, stable work and the lowest commission among exchanges. On the site often hold different actions, an excellent referral program. All this will allow Binance to ascend to the top if it continues to develop at the same tempos. This Binance review is highly recommends you to at least visit the exchange.
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