Today we will talk about the Binance exchange. In this article we will talk about how a user can open an account on the Binance, its merits demerits, public opinion, fees, and trading options and in the end answers to frequently asked questions from the user’s point of view. Binance is the new exchange of the market. It is a combination of two words Binary + finance. Binance established in 2017 and still working. Binance exchange is the fastest growing exchange for trading cryptocurrencies. Irrespective of the short span of exchange it has a 10th position among the highest volume cryptocurrency exchanges. Binance exchange is a popular platform developed by Chinese. It is common for its crypto to crypto exchange facilities. As Binance exchange is new in the market, but still it gains popularity due to its list of coins. It includes Bitcoins, Ethereum, Ethereum Classic and 45+ currencies from the list and due to low trading fees. It is also present in multiple languages including Chinese, English, Japanese, and Korean. It has a very simple user interface. A user can choose the type of exchange a simple exchange or an advanced exchange of currency. So, it is a good exchange for beginners and experts. The processing speed at Binance is very high like it is capable of processing 1,400,000 orders per second. Binance exchange has a reasonable security measure like the exchange applied the multi-tier and multi-cluster security architecture. Binance has rich resources and partners. The advantages of using Binance is, it has a strong team, proven products, and advanced technology. A user can connect to the Binance exchange via the web, Android, PC, Wechat, and Html5. As the exchange is growing fast, soon it will become the biggest cryptocurrency exchange in the world for altcoins. Binance contains list of many new coins as compared to other major exchanges like Poloniex and Bittrex.
Related reading, see: Top 10 Best Bitcoin and Cryptocurrency Exchanges 2018