Binance is a cryptocurrency exchange that a lot of people have asked me about a lot in recent weeks. Interest in digital currencies is growing at a dizzying rate and it is normal for people to seek accurate information about where they can buy and sell them reliably and safely. Click bitcoinxxo.com for more information.
Choosing the right platform is crucial to being successful in this world. However, to be able to cover all the currencies that exist in the market, it is not enough to be registered in a single exchange, but it is necessary to diversify and have accounts in at least three or four different sites.
Personally I am registered in some like this or this , but that is because I have been in the world of cryptocurrencies for quite some time. For those of you who are starting right now, with two or three reliable exchanges is more than enough.
And one of them is undoubtedly Binance, a super powerful platform with a series of virtues that we are going to review below. Let’s go to the mess!
• Assessment : Very good 9/10Binance valuation
• Launch year : 2017
• Location : Shibuya-ku, Tokyo.
• Deposits and withdrawals : Bitcoin, Ethereum, Litecoin, Dash, Ripple, etc. More than a hundred cryptocurrencies available and various fiat currencies such as the euro or the dollar.
• Security : High. Within the industry average.
• Commissions : Extremely low. 0.10% on each transaction that can go down up to 0.05% using BNB (Binance’s own cryptocurrency).
• Support : Very good.
• Mobile application : Yes. For Android and iOS.
• Interface : Basic and advanced . Ideal for both novice users with little knowledge as well as professional traders.
• Accepted countries : All.
• Language : Spanish, English, Russian, French, Chinese and German.
What is Binance?
Binance is an exchange of Chinese origin that offers its users a robust trading system to operate a multitude of cryptocurrencies in real time. Through a successful initial fundraising (ICO), this platform began operating in July 2017 and has not stopped growing since then.
Much of its popularity has been achieved thanks to the wide variety of available currencies and low transaction fees . On the other hand, its platform is suitable for both novice users and professional traders. It has a basic interface for the former and an advanced one with a multitude of options for the latter.
How could it be otherwise, the platform can be used from all devices and operating systems: PC, mobile phone, tablet, Android, iOS, etc.
Regarding the subject of accepted countries, there are no restrictions. People from anywhere in the world can register and start trading their favorite cryptocurrencies
Registration and first steps on the platform
Both the registration from the website and from the mobile application is completely free. The process is as simple as entering an email address and password. Once done, you will receive a confirmation email to activate your account. From that moment on, you can start operating on the web without any problem.
The most recommended next step is to activate two-factor authentication to protect your account as much as possible, although it is something that we will see later
The steps to follow to fund your account with any of the more than 100 cryptocurrencies available are the following:
1 First of all, go to the menu «Wallet» → «Spot Wallet» found at the top right of the web.
2 Choose the currency with which you want to deposit funds, for example Bitcoin.
3 Press the “Deposit” button.
4 Copy the address provided by the platform and send the money from any wallet.
The coins will be deposited after a confirmation from the network. Once received, you can start trading, exchanging and investing in various digital currency pairs. Binance has a wide variety of cryptocurrencies, including of course the most important ones.
In addition, it also has numerous lists of ICOs with their corresponding tokens.
Deposits using fiat money
If you prefer to buy Bitcoin or any of the most important cryptocurrencies with fiat money, you can do it without any problem through a debit or credit card.
To do this, you must go to the “Buy Crypto” menu that you will find on the left side of the web.
1 Choose the amount you want to buy and in what currency (euros, dollars, pesos, etc).
2 Choose the cryptocurrency you want to purchase.
3 Click next.
4 Fill in your card details and finally click on buy.