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Te this brief article I will review the cryptocurrency exchange Binance that I use since some time. If you want to trade cryptocurrencies, this is an exchange that I undoubtedly would suggest because they concentrate on crypto-to-crypto trading. The exchange gains popularity with every day. This is no wonder because the usability of the exchange webstek is awesome and chic from my own practice, I see also other people praising it ter different cryptocurrency related communities, which means the community trust is superb. Let’s take a closer look now…
Related video: Binance Trading Bot
The crypto exchange Binance wasgoed launched on July 14th te . The company is located te Shibuya-ku, Tokyo. The name of the exchange is a portmanteau of the two words “Binary” and “Finance”, which they combined to “Binance”. Due to the superb community trust, the exchange is rapidly growing.
They offerande Two Multiplicador Authentication (2FA) to secure your account. Further, they suggest you guides that explain how you can trade cryptocurrencies on a secure way, which includes tips to your own systems security. Spil a individual suggestion and unrelated to this particular exchange, I strongly recommend that you use cryptocurrency exchanges only for trading certain amounts and not to store value overheen a long period of time. This should be common sense and counts for every exchange! Never store your valued coins on an exchange, do use a secure software wallet, or even better a hardware wallet instead!
Deposit and Withdrawal
The deposit and withdrawal pagina supports all kleintje of cryptocurrencies. Of course the larger and very popular cryptocurrencies but also newcomers. You can find the pagina if you click on “Funds” at the top of the pagina and then on “Deposits Withdrawals”. Deposit is free but there is a withdrawal toverfee for the individual coins and you can find an updated list at their support pagina. The trading toverfee is 0.1% but if you own BNB (their own Binance coin), you can choose BNB to deduct 50% of the trading toverfee (however this seems to be a makeshift opoffering and could end some day).
Trade Volume and Listed Cryptocurrencies
At the time I write thesis words, Binance has a trade volume of $Four.049.503.365 USD. All major cryptocurrencies are supported but many smaller or newer coins spil well. They do regularly add fresh coins which is a big plus of the exchange spil well. Talking about the Binance trade volume and the listed cryptocurrencies, you can check out Coin Market Cap to get an up-to-date impression.
Verification and Thresholds
At the time I write this postbode it’s possible to use the webpagina without verification, but if you want to, you can also go through the verification steps and increase your level. Verified accounts can withdraw 50BTC vanaf 24 hours. Non-veritified account can withdraw 2BTC vanaf 24 hours.
Related video: problems loading Binance on Chrome
They opoffering a basic exchange practice and a more advances version and you can switch inbetween both depending on your needs. One indeed interesting feature is that you can choose your beloved cryptocurrencies. They do suggest a BTC, ETH, BNB and USDT tabulator, and one that they called “Favorites”. When you click on a currency pair ter the list, you will also see a lil’ strak on the side of it that you can click and this is how you add your beloved currency pairs to the tabulator where your favorites will then be visible. Te the list you can vertoning the percentage switch or you can choose to voorstelling the trade volume of the individual pairs. With the capability to sort by pair, price, volume or switch you get a superb implement to find interesting coins or to pedagogo what is going on. Further you can trade limit, market and zekering thresholds.
Exclusief from the currency pair window, you get everything what you need on an exchange. You get candle stick charts with the most significant indicators and of course you can switch time period of the charts, and further you can also access a depth chart. This is where the difference inbetween the basic and more advances window will be visible. Of course, if you need more gegevens, you will want to choose the advances feature, if you want to see less you will very likely like the basic feature. You can access them both by clicking on the “Exchange” button at the top of the webpagina, and then you will see both “Basic” and “Advanced” spil spijskaart entries. I think the excellent usability of the webpagina is one of the reasons of the rapid growth of this exchange. You might want to check out Binance spil well to get an impression.