If you want to trade with various cryptocurrencies, then there is really no doubt that you should consider Binance. Binance is in fact the world’s largest cryptocurrency exchange. As of now, it successfully hosts tens of billions worth in USD of different trades on an everyday basis. It is also functional in almost every country across the globe. However, it is important to know all of the details about Binance before you can be comfortable enough to use it. With that being said, this Binance review will therefore talk about all the relevant aspects.
As this is a cryptocurrency exchange, you would be trading mainly with cryptocurrency assets when you sign up with Binance. However, this is not to say that the asset index here is lacking as in fact, it is highly diversified. When you choose to trade through Binance, you can find virtually countless cryptocurrencies to trade with and add to your respective portfolio.
Apart from the mainstays such as Ethereum, Bitcoin, Cardano, Litecoin and Ripple, you can also find others such as Dogecoin Shiba Inu. It is also quite easy to manage all of these cryptocurrency investments simultaneously.
Binance offers a built-in wallet that its users can gain access to upon signing up. Regarding cryptocurrencies, it is essential to have a reliable cryptocurrency wallet that can be used to store your digital assets as well as manage them seamlessly and easily. Moreover, the one provided Binance is highly reliable as well as features some different aspects that you need to know about.
For instance, you can access the ‘Fiat and Spot’ wallet in addition to the ‘Funding’ wallet which is primarily used for P2P (Peer-to-Peer) transactions. You can also keep track of all of your respective transactions thanks to the ‘Transaction History’ button found under the ‘Wallet’ tab on the website.
There is a big reason as to why Binance is the world’s biggest cryptocurrency exchange and that is largely due to its intuitive trading platform. Using this platform is relatively straightforward and both new as well as advanced traders can use it easily. Thanks to this innovative platform, you can find everything easily as all of the various functions are classified into different convenient categories such as ‘Markets’, ‘Trade’, ‘Derivatives’, ‘Finance’ and so on.
Furthermore, the converter function provided Binance is an easy way of converting your cryptocurrency assets into other cryptocurrency assets smoothly. Moreover, with a huge range of altcoins already being added, it is thus a simple matter of converting your assets into any cryptocurrency you want. There is also the option of using the classic interface if that is something that you are more comfortable with.
When you sign up with Binance, you will receive access to different kinds of markets that provide various features and services. For instance, you can access the ‘Spot’ markets in order to make straightforward purchases and sales pertaining to various cryptocurrency assets. Additionally, you can also access the ‘Futures’ markets if you’re interested in trading with futures.
Furthermore, there is also the option to stake and farm certain cryptocurrencies thanks to the ‘Binance Earn’ function.
Withdrawals and deposits
Binance has added a few methods through which you can seamlessly make both withdrawals as well as deposits. To that end, you can use a direct bank deposit which also includes a swift bank transfer, or you can simply use your credit and debit cards.
If this is not something that is viable to you for whatever reason, then you can also utilize the P2P function to buy and sell cryptocurrencies with other traders via the website. Each transaction is also protected in case anything goes wrong.
As aforementioned, if cryptocurrencies interest you at all, then checking out Binance is a must. Signing up with this exchange is relatively straightforward. However, Binance has implemented certain security measures which may require you to provide proof of your identity if asked. This is done for verification purposes and to ensure that you, your funds and your personal information are safeguarded at all times.
All in all, this is a top-of-the-line cryptocurrency exchange and one that you should definitely take a look at.