It even gets better once your trading volume exceeds certain thresholds as Binance keeps lowering their fees as your trading activity goes up.īinance has issued its own token, BNB – click here to read more about it and its wallets. For a platform that doesn’t use a fee schedule, this is definitely one of the lowest fees in the industry. When trading on Binance, Binance charges a flat 0.1% fee on each trade. The fee structure at Binance is very competitive in the current environment. However, fees vary depending on the currency. You may incur a fee when withdrawing funds from Binance. Making deposits to Binance in any supported currency, creating an account online, and downloading the Binance mobile app is completely free. +100s more cryptocurrencies with new ones being added almost on daily basis.IOTA (Binance is one of only two major cryptocurrency exchanges where IOTA can be bought).Pool (join their mining and staking pools and earn rewards for keeping your chosen blockchains safe)īinance has a vast selection of cryptocurrencies with base currencies that include Tether, Ethereum, XRP, its native BNB token and Bitcoin.Earn (locked and fixed savings, DeFi staking and yield farming).The platform is known for its high liquidity, fast transaction processing as well as its low trading fees.īy offering both Basic and Advanced exchange interfaces, Binance is suitable for noobies and professionals alike.īinance currently supports more than 15 languages including Chinese, English, Korean, Spanish, German, Arabic and Japanese language. The exchange was created by experienced professionals in the cryptocurrency space, and the most recognizable name behind this project is that of Changpeng Zhao, former CTO at OKCoin.īinance was created after attracting funds via an ICO (Initial Coin Offering – creating a new digital asset, backed by the project), and it began live trading in July 2017. The platform gives users access to a comprehensive crypto toolset – it comprises all sectors of crypto industry: from trading tools, earning, mining, staking, lending and most recently Binance credit card. This cryptocurrency exchange has been gaining momentum ever since entering the crypto stage. Let’s start this Binance review by telling you where Binance is located: they have first relocated to Hong Kong from China and then moved to a small european island of Malta. What’s the difference between Lite and Professional? Which version should I use?.
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Binance Lite vs Pro – What is Binance Lite?.
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