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 offers a variety of coins to trade including: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Neo (NEO), Bitcoin Cash (BCH), Ripple (XRP), Cardano (ADA), EOS (EOS), Stellar Lumens (XLM), IOTA (IOTA), TRON (TRX), and more. You can find the full list of coins on Binance here.
If you’re new to Binance, or cryptocurrency trading in general, it may be confusing trying to figure out which coins to buy. Here is a brief overview of some of the more popular coins that are available on Binance.
Bitcoin (BTC) is the original and most well-known cryptocurrency. It was created in 2009 and has the largest market cap of any cryptocurrency.
BTC can be used to purchase goods and services, or traded for other cryptocurrencies on exchanges like Binance.
Ethereum (ETH) is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. ETH is used to pay for transaction fees and computational services on the Ethereum network.
Litecoin (LTC) is a fork of Bitcoin that was created in 2011 with the goal of being faster and more lightweight than BTC. LTC transactions are confirmed faster than BTC transactions and LTC can be used to purchase goods and services, or traded on exchanges like Binance.
Neo (NEO) is a smart economy platform that enables the development of digital assets and smart contracts. NEO also has its own cryptocurrency, called GAS, which is used to pay for transaction fees on the Neo network.
Bitcoin Cash (BCH) is a fork of Bitcoin that was created in 2017 with the goal of being faster and more scalable than BTC. BCH has since become one of the most popular cryptocurrencies, and can be used to purchase goods and services, or traded on exchanges like Binance.
Ripple (XRP) is a real-time gross settlement system (RTGS) that aims to provide instant, secure, and low-cost international payments. XRP can be used to purchase goods and services, or traded on exchanges like Binance.
Cardano (ADA) is a decentralized public blockchain and cryptocurrency project that is fully open source. ADA aims to run smart contracts on a blockchain protocol with high scalability and security.
ADA can be used to purchase goods and services, or traded on exchanges like Binance.
EOS (EOS) is a decentralized operating system that supports industrial-scale decentralized applications . EOS provides an efficient decentralized governance model that enables developers to create high performance dapps .
EOS can be used to purchase goods and services, or traded on exchanges like Binance . .
Stellar Lumens (XLM) is a decentralized protocol that allows you to send money to anyone in the world instantly, for free . XLM can be used to purchase goods and services, or traded on exchanges like Binance .
IOTA (IOTA) is an open-source distributed ledger protocol that goes ‘beyond blockchain’ through its innovative Tangle architecture . IOTA aims to provide an infrastructure for the ‘Internet of Things’ .
IOTA can be used to purchase goods and services , or traded on exchanges like Binance .