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Are you a fan of Cryptocurrency, and what exchange that you use? If you haven’t used Binance Cryptocurrency Exchange yet, you are on the right track. This article will discuss why you should use Binance as your platform for crypto trading.
What is Binance Cryptocurrency Exchange?
Binance Cryptocurrency Exchange is the No.1 cryptocurrency exchange in the world according to Coin Market Cap and Coin Gecko, the most used crypto platform to see the price, trading volume, and many more.
There are more than 180 cryptocurrencies available on Binance, and you can access them via smartphone, tablet, or laptop. It has a staking feature that makes it easier for users to get interested in coin deposits daily.
It is the safest cryptocurrency platform with high liquidity and is available worldwide. Binance has over 15 million users with an average trading volume of $2 billion daily. One hundred eighty cryptocurrencies are available, and you can access them via smartphone, tablet, or laptop.
Binance also has a crypto coin called BNB with a 1,1 Billion USD trading volume.
Why Should We Use Binance Cryptocurrency Exchange?
The Binance trading platform offers the most crypto coins, has low transaction fees, and has a high liquidity transaction process. Besides that, Binance offers several other exciting advantages. Here is a list of the benefits that we have summarized for you:
- The platform is easy to use and can be installed on HP.
- It has the most extensive collection of crypto assets in the world.
- It has a staking feature that makes it easy for users to earn daily interest.
- We can use the platform for novice investors and expert crypto investors.
- Low transaction fees and a fast fund disbursement process
According to the explanation about Binance above. We can see that Binance has a good reputation, has a wide selection of crypto coins, and has excellent features.
Read this article to the end to learn more about Binance, such as its advantages and disadvantages, creating an account, and other information about Binance.
Advantages and Disadvantages of Binance Cryptocurrency Exchange
Each crypto asset platform has its advantages and disadvantages. Here's a summary of Binance's advantages and disadvantages.
Binance Advantages
- The world's largest cryptocurrency exchange platform, according to Coin Market Cap and Coin Gecko.
- Low trading fees.
- The world's most secure crypto platform.
- Offers over 180 cryptocurrencies.
- Available worldwide
- Provides an integrated wallet to store coins
- It provides a built-in wallet to store crypto coins.
- Offers a variety of payment options.
- It has a staking feature that makes it easier for users to get interested in coin deposits daily.
Disadvantages of Binance
- Credit card and debit card transaction fees are around 2% per transaction.
- Lack of responsive customer support.
How To Register on Binance?
Have you interested in registering with Binance Cryptocurrency Exchange? If you are interested, here is the step-by-step to writing in Binance.
- Type binance.com on your browser and click sign up.
- Click [Mobile] and enter your account's mobile number, password, and Referral ID (if any). Read and agree to the Terms of Use and click [Create Account].
- Finish your security verification.
- The system will send an SMS verification code to your phone. Type the 6-digit verification code within 30 minutes. If you can't accept it, click [Resend] or [Please try voice verification] to use voice verification.
- After that, you have finished your account.
- To increase the security of your account, click [Go to Dashboard] to enable two-factor authentication (2FA), including phone verification and Google verification.
Besides registering to Binance Cryptocurrency Exchange via the website, you also can register via Binance Apps.
- Install Binance Apps on Play Store or App Store
- Tap [Register]. Enter the email address, the password you will use for your account, and the Reference ID (if applicable). Check the box next to [I Understand the Binance Terms of Use] and tap [-].
- Drag the slider to complete the Security Verification puzzle.
- You will receive a verification email in your inbox. Please enter the verification code within 10 minutes. If you can't find the email, click [Send Code] to get another email.
Ready to Trade Your Coin on Binance?
So, that’s all the explanation of Binance Cryptocurrency Exchange. Register to Binance Exchange, and you will be ready to trade your coin. Good luck!
Reference:
https://www.investopedia.com/terms/b/binance-exchange
https://www.g2.com/products/binance/reviews