Binance is a digital asset exchange that facilitates trading of digital assets. The company was founded in China but moved its headquarters to the crypto-friendly Island of Malta in 2017.
Binance offers a platform for trading more than 100 cryptocurrencies.
Binance has grown exponentially since its launch in 2017, and now has over 15 million users. In January 2018, Binance was the largest cryptocurrency exchange in the world in terms of trading volume.
Binance has a number of advantages that have contributed to its success. These include:
1) Low trading fees: Binance charges a standard 0.1% trading fee.
This is significantly lower than the fees charged by other exchanges, which can be as high as 0.5%.
2) High liquidity: Binance is one of the most liquid exchanges in the world, with a daily trading volume of over $1 billion. This high liquidity makes it easy to buy and sell cryptocurrencies on Binance without having to worry about slippage.
3) A wide range of altcoins: Binance offers a wide range of altcoins, which are alternative cryptocurrencies to Bitcoin. This includes popular coins such as Ethereum, Litecoin, and Ripple.
4) A mobile app: Binance has a mobile app that is available for both iOS and Android devices. The app is well designed and easy to use, making it convenient for users to trade cryptocurrencies on the go.
5) Secure: Binance is a secure exchange that uses state-of-the-art security measures to protect user funds. The exchange employs two-factor authentication and keeps the majority of user funds in cold storage offline.
The only downside of Binance is that it is not available to residents of certain countries, such as the United States and China. However, there are many other exchanges available that do cater to these countries.
Overall, Binance is one of the best cryptocurrency exchanges available and is well worth signing up for if you are looking to trade digital assets.