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The man who created Binance is called Changpeng Zao, however, he is well known as CZ. Binance is the fastest growing exchange for trading cryptocurrencies. Binance exchange is available only for trading cryptocurrencies, hence, it is not available for any FIAT deposits. The surging acclaim of Binance arises from holding a neat user interface, to providing to various languages and most prominently, a remarkably high data processing speed. Binance has had a very successful start since they were created in 2017. They are now equating more than $1 billion in everyday trades, delivering them the biggest exchange for alt-coin trading.
Advantages of Binance Exchange
One of the principal causes that Binance exchange is so successful is because they list so many different cryptocurrencies. There are more than 100 various cryptocurrencies available at Binance. They cover from well-known coins such as Ethereum (ETH) and Litecoin (LTC) to smaller coins like ZCoin (XZC) and CyberMiles (CMT).
High Volume Trading
As Binance has become one of the most popular exchanges to purchase, trade and sell cryptocurrencies, there are lots of trades happening all the time. This is an important factor as it means you have a better chance of selling your cryptocurrency immediately, if and when you need to.
ICO launch pad
Binance is quite established for recording new cryptocurrencies as soon as their ICO has finished. This confirms that many crypto organizations view Binance as their preferred exchange. Binance doesn’t just list any old cryptocurrency though, it has to really establish itself as a solid cryptocurrency for Binance to list it.
Flat Fees
When trading crypto-to-crypto, another unique characteristic of the exchange is that Binance fees are one of the lowest in the industry. On every trade, Customers are charged 0.1% which means if an individual traded 1 ETH, he would only be charged 0.001 ETH.
Prizes
Traders who are regular on Binance exchange have the opportunity to win prizes. These prizes vary at all times and have so far incorporated cryptocurrencies that are absolutely free, such as Ontology (ONT) and Waves (WAVES).
This is all about the detailed information of Binance exchange.You may come through so many technical issues while using it so better look for the best online platform that provide solution for all these problems. Wallet online is the best online source that offer amazing Binance customer support services and available 24*7. You can easily find phone number to get connected with the experienced experts ready to assist you always.
Looking on the customer friendly aspect, the websites FAQ serves the maximum enquiries. Even after that solution is need, users are used to send just one query and they are being contacted within 24-72 hours.
In a nutshell, if you are a beginner in the field of cryptocurrency, then you can face minor setbacks on your investments because of the fact that they charge huge amount of money for transacting small amount of money. Hope you like the post, do comment if you have any query regarding Binance exchange.
Binance is a China-based cryptocurrency exchange that lists most of the Chinese coins. It is a popular exchange for its huge number of Initial Coin Offering (ICO) listings and low fees.Binance is a China-based cryptocurrency exchange that lists most of the Chinese coins. It is a popular exchange for its huge number of Initial Coin Offering (ICO) listings and low fees.Binance is a China-based cryptocurrency exchange that lists most of the Chinese coins. It is a popular exchange for its huge number of Initial Coin Offering (ICO) listings and low fees.
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