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Binance is the cryptocurrency exchange business of Binance Ltd. Zhao Changpeng is a very popular face on financial news channels where he regularly gives interviews on what the company is doing in the market. The web-based platform, accessible on the Binance. Shown below is the interface of the Advanced trader. It features interactive charts and other trade information such as the Order history below the chart , the market prices for various cryptocurrency assets right of the chart and the order placement buttons.
The advanced trader also features multiple tools of technical analysis such as indicators and line tools. It is also possible to change the chart type bar chart, line chart, candlestick chart and the time frames from 1 minute to 1 week. There is also a mobile app which can be downloaded from the respective app stores. The asset list on Binance. Each listed cryptocurrency is paired against Bitcoin or Ethereum. Trading on Binance exchange website is done in two ways.
Advanced trading is speculative short-term trading that is done on the Binance advanced trading platform. Deposits and withdrawals can be conducted on Binance only with selected cryptocurrencies. These deposit cryptocurrencies are Ethereum and Bitcoin. It is presently not possible to deposit fiat currency on the Binance exchange. The deposit process commences with securing your Ethereum or Bitcoin. To do this, you must already have a wallet that holds your Ether or Bitcoin. For users of Ethereum, it is essential that you observe a lot of security in the entire process.
Once you have sent Ethereum or Bitcoin and confirmation is achieved, your account is funded in minutes. You can now click on the Ethereum-based cryptocurrency pairs of your choice to either purchase tokens using the Basic trade function, or buy the CFDs to trade on Binance actively. To withdraw any tokens you have purchased, follow the instructions set out on the Withdraw tab on Binance to send the tokens to your wallet. Please ensure that you acquire the correct wallet for whatever token you have bought.
Once you send tokens to a wrong wallet, you cannot retrieve them! Deposits and withdrawals require the use of 2-factor authentication. Download the Google Authenticator app from the Play Store if you use an Android phone to generate the necessary tokens for your transactions. Given the spate of hackings of exchanges that have occurred in the last one year, and the proximity of Hong Kong to North Korea, a country which has been fingered in some major heists of cryptocurrency exchanges, the Binance exchange has invested heavily into state-of-the-art security protocols to protect users and traders on its platform.
The following security features are in place:. There are two levels of limits on Binance, regarding how much cryptocurrency funds can be withdrawn from an account. Accounts that are at level 1 can only withdraw a maximum of 2 BTC in 24 hours. Verified accounts are at Level 2 and can withdraw as much as BTC in 24 hours. Binance is available to all countries of the world except those on a sanctions list Russia, Sudan, Iran, Syria and North Korea or under regulatory prohibitions United States, China, Indonesia.
The customer support desk on Binance is led by the CEO of the company himself, who has ensured that Binance has a very active Twitter handle. The Binance exchange website recently experienced a hour downtime, which rattled its investors and traders and fueled speculations about a hack. However, the CEO was able to communicate with periodic updates about the situation, which he said was merely an upgrade of some components of the exchange.
The site was eventually restored, and trading has since resumed. This incident and the professional manner in which it was handled has served to increase the rating and standing of Binance in the cryptocurrency exchange community. The Binance exchange is continuing to witness strong growth in the number of traders and revenues and looks set to take over as the top destination for those who want to participate in cryptocurrency exchange trading.
Skip to content Tokens Tags Binance exchanges review trading. The Binance Platform Two versions of the trading platform are available. Assets Traded The asset list on Binance. The most popular assets listed for trading are shown below. Fees The fee structure on Binance is as follows: There is a fee charged for trading activities on Binance.
The flat rate for trading operations is 0. Deposit transactions attract no cost. Withdrawals are charged a fee, depending on the token being withdrawn and the amount. The table below shows the withdrawal charges for some of the listed token on the Binance exchange.
For full withdrawal fees for all coins visit the binance website here. Deposits and Withdrawals Deposits and withdrawals can be conducted on Binance only with selected cryptocurrencies. Security Given the spate of hackings of exchanges that have occurred in the last one year, and the proximity of Hong Kong to North Korea, a country which has been fingered in some major heists of cryptocurrency exchanges, the Binance exchange has invested heavily into state-of-the-art security protocols to protect users and traders on its platform.
The following security features are in place: Deposits and withdrawals are protected with 2FA, as are password changes. Email notifications of logins, deposits, and withdrawals are provided. Users who want to HODL can withdraw their tokens to cold wallets. Limits There are two levels of limits on Binance, regarding how much cryptocurrency funds can be withdrawn from an account.
Customer Support The customer support desk on Binance is led by the CEO of the company himself, who has ensured that Binance has a very active Twitter handle. Binance is thus a highly recommended crypto exchange. First Name Email address: