Binance, Exchanges

What Is Binance Finance?

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 July 2017 by Changpeng Zhao and Yi He. Zhao is a former CTO of OKCoin and the founder of BijieTech, while He is a co-founder of OKCoin.

The company has a strong team of experienced professionals with backgrounds in technology, finance, and marketing.

The company’s mission is to “build a world-class crypto exchange, powering the future of blockchain finance.” The company is headquartered in Malta but has offices in Hong Kong and Japan.

Binance offers both basic and advanced exchange interfaces. The basic interface is designed for new users and is very easy to use.

The advanced interface is more complex and designed for more experienced traders.

Binance also offers a mobile app for Android and iOS devices. The app allows users to trade cryptocurrencies on the go and has all the same features as the website.

Binance Fees

Binance charges a 0.1% fee on all trades. There is also a 0.

NOTE: WARNING: Binance is an online platform for cryptocurrency trading. It is important to remember that while cryptocurrency trading can be lucrative, it carries a high degree of risk and may not be suitable for everyone. Before using the platform, it is important to understand the risks associated with cryptocurrency trading and only invest what you can afford to lose.

5% fee for trades made with leverage. These fees are very competitive when compared to other exchanges.

Deposits and Withdrawals

Binance supports deposits and withdrawals in both fiat currency (USD, EUR, etc.) and cryptocurrency. Fiat currency deposits are processed through SEPA or wire transfer, while cryptocurrency deposits are processed through blockchain transfers.

Withdrawals can be made in either fiat or cryptocurrency. There is no limit on how much you can deposit or withdraw per day or month.

Supported Cryptocurrencies

Binance currently supports over 100 different cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Monero (XMR), Dash, Zcash, Ethereum Classic (ETC), NEO, IOTA, Bitcoin Cash (BCH), Qtum, EOS, Lisk (LSK), Stratis (START), Siacoin (SC), Cardano (ADA), TRON (TRX), OmiseGO (OMG), Verge (XVG), Icon (ICX), Binance Coin (BNB). This list is constantly expanding as new cryptocurrencies are added to the exchange.

Supported FIAT Currencies

Binance currently supports deposits and withdrawals in USD, EUR, GBP, CAD, and RUB. More fiat currencies will be added soon!.

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