Binance is a cryptocurrency exchange that provides a platform for trading various cryptocurrencies. As of January 2018, Binance was the largest cryptocurrency exchange in the world in terms of trading volume.
Binance was founded in 2017 by Changpeng Zhao, who is also the current CEO.
The company has its headquarters in Shanghai, but also has offices in Tokyo, San Francisco, and Hong Kong. Binance is a relatively new company, but has quickly grown to become one of the most popular cryptocurrency exchanges.
Binance offers two types of trading platforms: a basic platform and an advanced platform. The basic platform is designed for users who are new to cryptocurrency trading and want to start trading with a smaller amount of money.
The advanced platform is designed for more experienced users and allows for more complex trades.
To start trading on Binance, you will need to create an account and deposit funds into your account. Once you have deposited funds, you can start trading cryptocurrencies on the Binance platform.
If you are new to cryptocurrency trading, you may want to start with the basic platform and then move to the advanced platform when you are more comfortable with the trading process.
The process of buying and selling cryptocurrencies on Binance is relatively simple. You can buy or sell cryptocurrencies by placing an order on the Binance platform.
When you place an order, you will need to specify the amount of currency you want to buy or sell, as well as the price you are willing to pay or accept for that currency. Your order will then be matched with another user’s order and the trade will be executed.
Once you have executed a trade, your newly purchased currency will be deposited into your Binance account wallet. You can then hold onto that currency or trade it for another currency on the Binance platform.
Binance offers a variety of features that make it an attractive option for cryptocurrency traders. One of these features is its low fees. Binance charges a 0.1% fee on all trades, which is much lower than what other exchanges charge.
Another feature that makes Binance attractive is its wide range of supported cryptocurrencies. As of January 2018, Binance supports over 50 different cryptocurrencies, which gives users a lot of options when it comes to trading. Finally, Binance has built-up a good reputation in the cryptocurrency community and has generally been seen as a reliable and safe place to trade cryptocurrencies.