The selling price for those tokens was $0.115 each. In July 2017, from the 1 st to the 20 th, the exchange raised $15 million in an ICO for its newly minted ERC-20 Binance Coin (BNB) tokens. Besides creating one of the most successful cryptocurrency exchanges they also started out with one of the most successful ICOs in the cryptoverse. Image via Bloombergīinance may have been destined for greatness. Both the founders previously worked for the OKCoin exchange, and Changpeng was a member of the wallet team since 2013. Many would agree that it has succeeded.īinance was launched in July 2017 by its founders Changpeng Zhao and Yi He in China. It was created with the goal of providing traders with a cryptocurrency trading interface that is fast, simple, robust, and intuitive. With less than four years of history Binance remains quite new, yet it is likely the best known global cryptocurrency exchange. The Binance US platform is localized specifically for US based traders. However, if you are from USA Binance has created an alternative platform at and you can use this for trading. Note: does not allow registration from USA. It has become an excellent place for beginning cryptocurrency traders and for experienced cryptocurrency enthusiasts. It’s innovation has made it one of the most used cryptocurrency platforms, and the work of developers and community members at Binance ensures that the platform is continually improving. Binance Finance gives crypto holders other ways to earn from their coins, such as crypto lending and staking, along with other methods for earning a passive income from crypto holdings.Īs you can see Binance has involved itself in all aspects of the crypto ecosystem. All of the clients at Binance can take part in the IEOs on Launchpad, and they have become some of the most anticipated and profitable coin launches in the crypto industry. The Binance Launchpad was created as an alternative initial listing venue to the ICO model. There’s also a wealth of written information that includes beginner guides and explanations of all sorts of exchange functions. Customer support is often lacking at cryptocurrency exchanges, but Binance has a dedicated help center, where you can reach out to the support team anytime. Supercharge your trading with the available leverage offered by Binance. Binance Futures with 125x leverage and margin trading with up to 3x leverage.Binance can be accessed through its web-based platform, via desktop clients for Windows and macOS machines, or through its mobile apps for Android and iOS. The trading fees at Binance are some of the lowest you’ll find. It also supports selling crypto for fiat. The Binance Fiat Gateway was an excellent addition, allowing users to purchase over two dozen popular cryptocurrencies with over 40 fiat currencies using bank cards and other methods. In addition, there are almost 1,000 pairs available to trade. Binance has one of the largest selections of quality altcoins available to trade. Trade over 280 cryptocurrencies on Binance.The list may not be exhaustive, and I’ll only cover some of these in more detail in the following Binance review, but I thought it important for you to know about as many Binance features as possible. Image via Binance blog.īelow is a listing of the many features you can find at Binance. The Binance Ecosystem is huge and growing with each new innovation. Thanks to its innovation there’s little you can’t do at Binance in connection with crypto trading, investing, or savings. In that short time it has established itself as a dominant force in the universe of cryptocurrencies and cryptocurrency trading. Led by the charismatic Changpeng Zhao (or simply CZ), Binance has been running for nearly four years as of the writing of this review. 24 Binance Frequently Asked Questions (FAQs).10 Binance Deposits / Withdrawals (Fiat & Crypto).8 Binance Fees (and how to reduce them).2 Binance Review: Background and History.
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