Обзор
Обзор
The service is one of the TOP-5 best crypto exchanges on the market, offers low commissions, fast transactions, fast order execution, etc.
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Полный обзор
The Binance exchange opened in 2017 (read reviews about the Binance cryptocurrency exchange on the website This is a scam™). The platform is used for cryptocurrency trading, digital money exchange and temporary storage of electronic cash. This site is one of the top five crypto exchanges on the market.
Still, many traders are somewhat doubtful about the new project. Is Binance a scam and scammer or a safe cryptocurrency trading platform? Is the exchange suitable for profitable trading or will it bring nothing but losses?
Binance Trading Platform
In terms of popularity, Binance can be compared with platforms such as Livecoin or EXMO. But unlike the world’s major exchanges, it appeared relatively recently. The new project has the potential to become the most successful. The crypto exchange was created by experienced developers. The ICO company has attracted the interest of the public in the face of blockchain evangelists. $15 million was invested in the project. Major market participants believed in the prospects of Binance.
The headquarters of the organization that created the exchange is located in Shanghai. The head of the company is Changpeng Zhao, he has extensive experience in the field of cryptocurrencies and the use of blockchain technologies. He worked in the technical department of Bloomberg, participated in the development of Blockchain.info, OKCoin. His new masterpiece was the Binance exchange, which stands out from competitors with low commissions, a high level of performance, and a convenient mobile application. The binance.com website has all the tools you need for an advanced analysis of the market situation. Beginners with a low trading turnover (daily withdrawal – 2 BTC) do not need to undergo mandatory verification. Those who want to raise the bar to 100 bitcoins need to be identified.
An exchange account can become a cryptocurrency wallet. The trading fee is set at 0.1%. The speed of order processing is also striking – 1.4 million per second. This ensures that transactions are executed instantly. Clients are invited to trade popular pairs with bitcoin and rare digital currencies (Walton Coin, Bicoin Gold). A separate wallet is used for each type. The crypto exchange also has its own currency – Binance Coin (BNB). The issue of tokens as part of the ICO made it possible to attract investments. BNB holders have bonuses and discounts. For example, the commission is halved, instead of 0.1%, coin owners pay 0.05%.
If you want to get acquainted with the exchange, it is not necessary to register on the site. All visitors to the site have access to news and useful information. Registration and a personal account are needed for those who want to make deals. It is not difficult to register on the exchange. The site is translated into 15 languages, among them: Russian, English, French, Korean, Spanish, etc. Of course, the English version is the most convenient to use, because after translation, some of the information is distorted and becomes difficult to understand.
On the Binance exchange, you can learn about the market situation, participate in the drawing of bonuses and get free currencies. To start trading, just open the “Shopping Center” tab. A trader can choose any currency pair, get acquainted with the chart, trading statistics. There are two trading terminals on the binance.com website. One is basic, with a lightweight set of tools. The second is advanced, for experienced investors, it is distinguished by an abundance of tools, the number of indicators and types of charts.
Account replenishment and withdrawal of funds
Binance works exclusively with cryptocurrencies. It is not possible to replenish the balance or exchange electronic cash for ordinary money. To make a transfer, go to the “Asset” page and select the “Withdraw cash from deposit” option. Here you can replenish your account or withdraw virtual money in any cryptocurrency from the list of available options. There is no commission fee for depositing funds – only for withdrawal. The percentage is considered the lowest among competitors. It’s no wonder Binance is so popular among users. Replenishment of the account and withdrawal of money are quite simple operations. To avoid difficulties, traders use the English-language interface, since the translation into Russian is of poor quality. It will take time to master the functions of the site.
Traders’ reviews of Binance
Binance is the leader among other crypto exchanges. It is not for nothing that it is included in various ratings and tops, with the help of which users choose a platform for trading. The Binance exchange often appears in reviews, it is in demand among Russian-speaking traders. You can easily find reviews of real users with a detailed description of the advantages and disadvantages, as well as other nuances of the exchange. To read reviews and opinions about the work of the project, visit specialized forums or look at thematic resources.
Traders are satisfied with the level of commissions and stable operation of Binance, a huge selection of cryptocurrencies and instant transactions. Market participants attribute the advantages to a functional terminal and a convenient application for mobile devices. Negative ratings are also found, but less frequently. Traders complain about poor-quality Russian-language translation, blocking of their accounts and authorization difficulties. The question of ensuring the security of trading remains open. Despite these shortcomings, most users consider the site to be stable, promising and professional. Advantages of the site:
- Low commission fees.
- Huge trading volumes.
- Simple functionality of the site.
- Many popular and rare currencies.
- Operational work of technical support.
- The processing speed is 1.4 million transactions per second.
- Fast deposits and withdrawals.
- Regular draws of digital currencies.
- Instant execution of orders.
- Functional application for smartphones.
Cons of the cryptocurrency exchange:
- There is no information about the security of the site.
- Poor quality of translation into Russian.
- There are difficulties with the entrance.
- Account blocking is possible.
Binance is a young and promising platform. It works smoothly, is not a scam. The creators of the site are binance.com doing everything possible to correct the existing shortcomings and unleash the full potential of the exchange.
Broker regulator binance.com
Binance is the property of Binance Limited, which is registered in China, and is guided by local laws. Working with digital currency is not licensed, but Binance Limited does everything to ensure that trading on the site is safe. User information is confidential. The cryptocurrency exchange does not have the right to transfer personal data to unauthorized persons. The administration of the resource advises users to keep their login details secret.
As for financial risks, the responsibility for the loss falls on the trader. The result of trading is unpredictable. The exchange is not responsible for how much money you lose as a result of transactions. Users are required to comply with the established rules. If the administration detects a violation, it will block the trader’s account. Working on a personalized service involves the use of cookies. This option can be disabled.
Read the Privacy Policy on the Binance exchange website
Read the Terms of Service on the Binance website
Is Binance a scam and a scammer?
The project appeared relatively recently and in a short period of time managed to break out into the leaders. Today, Binance is one of the leading and successful crypto exchanges for digital currency trading. What is the reason for the rapid success of the site? A group of professional developers worked on its creation. Interest from investors and enthusiasts was provided by a successful ICO company. The new project received support from SBI Group, Morgan Stanley and other major market participants.
Users were convinced of the prospects of the project, low commissions, stable operation of the site and fast execution of transactions. Traders can make good profits from trading on the site. There is a huge selection of cryptocurrencies, and depositing and withdrawing funds takes a minimum of time. Another plus in Binance’s piggy bank is the interface in several languages. Traders from Russia, China, Japan and other countries of the world can trade comfortably on the site. When choosing the Russian language, some difficulties may arise (the quality of the translation leaves much to be desired), but this does not prevent Russian users from trading on the exchange. In addition to trading, you can do training. The cryptocurrency exchange offers a lot of useful and interesting articles, trading statistics, draws of digital currencies, and current news.
The exchange’s website has rich functionality: a simple interface, a large list of options for profitable trading, a basic and advanced terminal. Binance is suitable for absolutely everyone: both those who are interested in technical analysis and those who are just getting acquainted with cryptocurrency trading. From this it follows that the Binance exchange is not a fraudulent site. The site is the leader in all kinds of ratings. In a short period, Binance managed to overtake the most popular crypto exchanges, in addition, the young project is supported by large international companies. The volume of investments is growing, as is the number of users.
Findings
The Binance cryptocurrency exchange quickly gained popularity among users and bypassed its competitors. The ICO company was of great importance. It provided the site with good investments. Many large organizations supported the project financially. The site has a lot of useful information: news from the world of cryptocurrency, an overview of the current market situation, a complete history of transactions and much more. Currency draws are held from time to time. Traders have a positive attitude towards the exchange and recommend it to their colleagues: the site is safe, reliable and stable. Binance has advanced functionality. This project cannot be called a scam. But, like any other site, the exchange has some drawbacks. To avoid possible problems and take into account all possible nuances, read the reviews of real users.
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