Binance is one of the world’s leading cryptocurrency exchanges. Founded in 2017, it is based in Hong Kong and supports dozens of different cryptocurrencies. It is also one of the fastest-growing exchanges, having added almost 900 new coins in the past 12 months alone.
If you’ve been reading my blog for a while, you’ll know I have a slight cryptocurrency obsession. I love researching new coins and finding the best exchanges for trading them. And I love sharing the knowledge I’ve gained with others. So I’m delighted to say that I love Binance too. Here are my top 4 reasons why.
Binance is one of the world’s leading exchanges
Binance was one of the first exchanges to launch support for the new breed of alt-coins. The exchange currently supports dozens of cryptocurrencies, including some of the most unique and lesser-known coins. Binance has become one of the go-to places for new and experienced crypto traders looking for a wide range of assets to trade. And it’s not just traders — millions of users have used Binance’s convenient platform to buy, sell, and exchange cryptocurrencies.
Customer Support is outstanding
Binance’s customer support is second to none. The team is extremely helpful and patient — they’ll do their best to answer your questions and help you get set up on the exchange. If you run into problems, they’ll always respond quickly and try to solve the issue. In my opinion, this is one of the most important factors when choosing an exchange. You need an exchange that has customer support you can rely on when things go wrong. Binance’s support team has always been excellent, and I’ve had no issues getting help when I needed it.
Binance is super fast
Binance is one of the fastest exchanges around. It handles more than 50 million transactions per month, which is quite impressive for an exchange with only 15 employees. Its speed is significantly faster than many other exchanges, and this is a major positive for several reasons. First, keeping transactions fast and efficient allows Binance to keep fees at an extremely low level. Second, it means you’re more likely to see lower transaction fees when trading certain assets on Binance. And third, this means you’re more likely to see an uptick in trading volume. Higher volumes mean more chances of being noticed by the broader crypto community, which can lead to more profit.
Binance offers great trading conditions
Binance has one of the best trading conditions in the business. The exchange offers a highly attractive fee structure, with low fees across the board. This is in stark contrast to many other exchanges, which charge fees based on the volume of trades you make. Binance charges 0.15% for new traders and 0.35% for long-term traders. These are both highly competitive fees, and they’re also very reasonable for the high level of service you receive. You can find exchanges that charge lower fees, but they don’t have Binance’s great trading conditions.
Binance is highly regulated
Binance is one of the most highly regulated companies in the financial sector. It holds itself to the highest standards, which is why the exchange is considered to be so safe. Binance’s parent company, Z Binance, is a licensed financial services company based in the British Virgin Islands (BVI). The company is also highly experienced in the cryptocurrency sector, having launched in 2017. It has proven to be extremely competent at regulating itself, keeping itself within the boundaries of the law.
Binance offers a great range of coins to trade
When it comes to the range of coins you can choose to trade on Binance, there are plenty of options. Currently, the exchange supports trading in 31 different coins, including top cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), XRP, and other well-known coins such as Stellar (XLM), NEO, and EOS. Binance also supports trading in a wide range of tokens and other cryptocurrencies, including some of the latest coins. This means you’re almost guaranteed to find something that interests you — no matter what type of crypto trading you’re interested in.
Binance is easy to use
Binance is easy to use and provides a great experience for both beginners and experienced traders. It offers a variety of different interfaces, so you can choose the one that best suits you. If you’re not a technologically-minded person, you can choose to use the basic platform. While this isn’t the most user-friendly platform, it’s perfect for beginners who want to get a feel for what Binance is like without having to do lots of technical stuff. More advanced traders can use the Binance platform without any problems.
Binance accepts a wide range of coins, so you’re bound to find a little thing that interests you.
Binance currently supports trading in more than 50 different cryptocurrencies. This includes some of the most popular and well-known coins, as well as some of the latest alt-coins. If you’re interested in trading a coin that isn’t supported by Binance, the exchange offers a great service for adding new assets. You can usually add assets in less than a minute, and this is perfect if you want a quick refresher on a specific coin. Binance is easy to use, has an excellent customer support team, offers great trading conditions, and has more than enough room to grow. In my opinion, it’s one of the best exchanges in the world.