The platform also offers margin, derivatives, peer-to-peer and OTC trading options. Users can choose between a beginner-friendly or advanced trading interface for spot trading, catering to all types of users. There is also a large selection of crypto-to-fiat pairs available on Binance’s fiat markets. There’s an impressive cryptocurrency selection available for trading, in conjunction with Bitcoin, Ether, BNB, XRP, TRX, DOGE, DOT, BUSD and Tether trading pairs. Trading on Binance is fairly easy and user-friendly. The widget allows users to buy and trade crypto through Binance, as well as view and manage their crypto portfolio. Last, Brave, the privacy-focused browser integrated a Binance Widget for in-browser trading. On the downside though, this payment method is only available for a few fiat options such as SEPA for EUR & GBP (excluding the Netherlands & Switzerland), and wire transfers for USD (domestic wire & ACH), TRY & BRL. This option is especially attractive, as SEPA & wire deposits entail no transaction fee at all. Thanks to integrations with additional 3rd party providers, Binance now allows its users to buy crypto directly with fiat using SEPA & bank transfers. However, this service comes at a premium that can get as high as 4.5% in fees for USD deposits using a debit card. This service allows you to buy a variety of different cryptocurrencies with a credit or debit card, as well as using these cards to deposit fiat currency into your account. Credit/Debit card:īinance has partnered with Simplex to provide a brokerage service supporting credit and debit cards. This facilitates fiat payments, with a wide variety of payment options that depend on the users’ preferences. There are several ways you can buy crypto on Binance: P2P tradingĪ very neat feature, Binance provides a peer-to-peer (P2P) trading service, which connects buyers and sellers of cryptocurrency directly. It typically has more than 5 times the 24-hour trading volume of its closest competitor, Coinbase.īinance ‘s Exchange allows users to exchange fiat for Bitcoin or other coins.

The exchange has experienced astounding success since its launch and comfortably sits at the number 1 spot in terms of 24-hour trading volume on Coinmarketcap. That way we will never be affected by one regulatory body,” explained Zhao. So we are registered in multiple locations and we have people in multiple locations. “In response to China’s decisions, we are moving our IP’s from Hong Kong to an offshore location. Zhao’s CV includes high-profile positions, such as technical director at, and his company now provides trading systems for over 30 other platforms.įollowing struggles with the Chinese government’s views on cryptocurrencies, Binance now runs its servers from more lenient states, providing it with the freedom to run a competitive exchange service: BNB’s initial value was around $0.1, and has continued to appreciate with the rise of Binance and BNB chain.īeijie Technology and its founder maintain an impressive track record within the industry. BNB is now also used to power BNB Chain, formerly known as Binance Smart Chain. Investors who invested in Binance’s ICO got Binance Coin (BNB) in return, which could be used to trade cryptocurrencies and pay for fees on Binance. Having originally been based in China, Binance moved headquarters to the Cayman Islands following the Chinese government’s increasing regulation of the cryptocurrency industry. Zhao’s company Beijie Technology created the exchange after a successful ICO that raised $15 million. Here’s what I’ll cover:īinance is a cryptocurrency exchange that was founded in 2017 by Chinese-Canadian developer, Changpeng Zhao (aka CZ). If you want a detailed review of Binance, keep on reading. US users must trade on Binance-US, which differs slightly from the Binance service available to the rest of the world – however it is much more compatible with US trade regulations. The exchange has also partnered with 3rd party companies such as Simplex, to allow credit card and wire transfer purchases of cryptocurrencies at a premium. The platform accepts users from around the world and has received favorable reviews from the crypto community. Whether you’re a beginner or a seasoned trader looking to trade crypto, this is probably the easiest and cheapest way to go. Don’t Like to Read? Watch Our 2 Minute Binance Reviewīinance is a crypto trading platform that offers some of the most competitive fees around. In this review, I’ll cover the main things you need to know before signing up. Binance is one of the leading trading platforms around, supporting over 500 cryptocurrencies and more than 180 countries.

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