Binance is the largest cryptocurrency exchange with a daily volume of $1B. It has been gaining popularity as one of the best crypto exchanges where you can buy and sell cryptocurrencies. The exchange offers a variety of coins for trading, including: Bitcoin, Ethereum, Litecoin and many others.
The p2p binance platform enables you to buy and sell cryptocurrency directly with other users without the involvement of a third party.
Binance has been around since 2015 and they are responsible for more than 100 million users. They are also one of the safest exchanges out there as they have never been hacked or compromised in any way.
The best part about this platform is that it doesn’t charge any commission fees; you only pay the network fee that goes to miners. They also have their own coin called BNB (Binance Coin), which you can use to pay for your trades on their platform, but you can also use other coins like Bitcoin or Etherium to buy other coins as well.
Another great thing about Binance is that they allow users to trade many different cryptocurrencies at once, including Bitcoin, Ethereum, Litecoin and many others. They currently support more than 500 different trading pairs between these cryptocurrencies, and this number keeps growing every month as new ones are added to their list of supported tokens and coins available for purchase on their website.
The platform is very easy to use and does not require any previous experience with cryptocurrencies. The interface is intuitive, so even if you’re new to crypto trading, you will quickly learn how to use it. There are also different guides on their website that will help you understand how everything works and make your first steps in the world of cryptocurrencies easier.
The exchange has grown exponentially in the past year, and it now holds the highest trading volume among all cryptocurrency exchanges. Binance offers its users a large number of altcoins, which can be traded for Bitcoin (BTC), Ether (ETH) or Tether (USDT).
Binance does not charge any commission for its services, but charges a small fee for using Ethereum to trade on their platform. This fee varies depending on the transaction volume of Ethereum on their platform.
Binance has an excellent reputation for security and reliability, which is one of the reasons why it has become so popular among traders. It maintains two cold wallets with 98% of funds kept offline in order to protect them from hacking attempts and other security threats.
Fastest growing exchange
Binance is a cryptocurrency exchange platform. It’s one of the fastest growing exchanges in the world. The Binance platform is known for its security, reliability and speed. In just 6 months, it has become the largest cryptocurrency exchange by trading volume with over $1 billion traded per day.
Binance offers its users a lot more than just an exchange platform. The Binance team is constantly working on developing its own blockchain network called Binance Chain. This new blockchain network will be used to create decentralized exchanges (DEX) which will be built on top of it.
The Binance Coin (BNB) is an ERC20 token that can be used to pay transaction fees on the Binance platform. It also provides discounts for some services on their website and mobile application like withdrawal fees or listing fees for ICOs/coins that want to get listed on their exchange platform
Types of orders
When you sign up for an account at Binance, you get a new Binance wallet address and can begin sending your funds to it. Once the funds are confirmed by the blockchain, you can then use them for trading on the platform.
Binance has three different types of orders: limit, market and stop-limit. The most common of these is the market order – this will buy or sell at the current market price. A limit order is more complicated – it allows you to set a specific price at which you wish to buy or sell your cryptocurrency. A stop-limit order is a combination of both of these – when placed, it will execute as a market order if the price reaches your set price; if not, then it executes as a limit order once your specified price has been reached (for example: “sell 100 XYZ when it hits $0.1”).