Binance is a cryptocurrency trading platform that offers one of the most competitive fees in the market. They are able to offer these competitive fees due to the massive amount of cryptocurrency traded on their platform everyday.
Binance was founded by Changpeng Zao (aka CZ) in July 2017. It was initially situated in China; however, it was later moved from there because of China’s strict cryptocurrency laws and currently has its headquarters in Malta. It has been experiencing astounding success since it was developed, and today it processes up to 1.4 million transactions in one second.
The platform accepts users from all parts of the world and is considered to be number one in the number of cryptocurrency products offered on their website.
Let's mention some of their most known cryptocurrency products:
- Binance Visa Card
- Cryptocurrency loans
- Binance Smart pool
- Liquid Swap
And plenty more!
If you are looking for the one stop shop for anything in relation to cryptocurrency. From purchasing to trading to staking to pay with then you should definitely go for Binance.
Binance User Count
Binance offers an easy-to-use interface that supports light and dark modes. The platform supports multiple languages such as English, Chinese, Japanese, Korean, Spanish, and many other languages.
Over 100 million users have been recorded!
Binance Cryptocurrency support
Binance supports almost all the mainstream cryptocurrencies, which include well-known coins such as Bitcoin(BTC), Litecoin (LTC), Ethereum (ETH), as well as less popular ones such as ZCoin (XZC) and Uniswap (UNI).
This large number of supported cryptocurrencies is one of the main reasons behind Binance’s astounding popularity and success.
Binance Review: Security
Binance is highly secure, and it uses the CryptoCurrency Security Standard (CCSS) to protect the registered accounts.
It protects the private information and user assets of its customers. The trading platform includes the following safety measures, which makes it a comprehensive security suite:
To change any of your security settings, select the ‘Security’ option from your account drop-down menu.
Binance have different fee structures. Due to the amount processed on their platform they are in a position to offer very attractive pricing to their customers - with a base rate fee of 0.01% which is discounted further if the user has Binance coins (native cryptocurrency)
Binance Ease of Use
Binance offers all type of products and services in relation to cryptocurrency. Due to the fact that they have all these products on their platform, it makes it complex to navigate for the beginner.
If your sole purpose is to buy cryptocurrency and just store it on a wallet, you won't find Binance as an easy to use platform. The same goes for the mobile app- the solution to this issue was that Binance create another version of the mobile app and from the app itself the user can choose between the 'normal' and the'lite' version - of course with the lite version having a much simpler interact and straight forward interaction.