Binance Cryptocurrency Exchange Review and Feedback

Binance is the No.1 choice if you want to buy and hold cryptocurrencies like Bitcoin, Ethereum, Litecoins, Cardano (ADA), Binance coin, etc.

What is Binance?

Binance is a cryptocurrency exchange that was founded in 2017. In 2010. According to CoinMarketCap, Binance is the largest cryptocurrency trading platform in the world, both in terms of trading volume and weekly visits to the platform. Binance provides its users with a cryptocurrency wallet where they can store their electronic currencies.

What does Binance offer?

Binance allows users to trade, buy and store cryptocurrencies. Individuals can trade on a regular account or on a Premium account. Binance also offers trading for institutions with a volume-based fee structure.

Binance cryptocurrency wallet

Binance provides its own cryptocurrency wallet called Trust Wallet. It supports 40 blockchains and 160 000+ assets. This wallet has very good reviews on both iOS and Android. However, using Trust Wallet is optional. You are free to move your assets to any cryptocurrency wallet.

Binance commissions

Binance charges a 0.1% spot trading fee for most pairs, which is lower than many other exchanges. The immediate buy/sell trading fee is 0.5%.

Binance has its own blockchain and coin – the Binance Coin or BNB. Trading BNB on the Binance platform will have lower commissions compared to other cryptocurrencies . If you use BNB, a 25% discount is applied to trading fees.

Deposits made by bank transfer are free of charge. However, all debit card deposits are subject to a fairly high 4.5% fee.

Binance Special Offers and Bonuses

Binance offers to make money by inviting your friends to trade cryptocurrencies. By recommending this platfrom to your friends, you will both benefit!

By referring friends, you can earn up to 40% commission every time your friends transact in cryptocurrencies.

Example:

You invite your friend using your special refferal link.

Your friend signs up and starts trading cryptocurrencies.

You receive a commission on your friend’s commission payments every time he trades on spot or futures markets.

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