Binance review – one of the fastest exchange on the market today

Binance is a cryptocurrency exchange based in Shanghai. Led by Changpeng Zhao, Binance team have experience in both wall-street and crypto finance. Binance team also have a track record of successful startups under their belt. The underlying Binance platform has been deployed on 30+ exchanges already. It supports all devices and multiple languages, offering a seamless user experience. This cryptocurrency exchange has strong security with two-factor authentication, this exchange uses absolutely transparent and fair practices to protect all data and funds. According to the official website, Binance is one of the fastest exchange in the market today because their certified matching engine is capable of processing 1,400,000 orders per second. Binance has solid relationships with industry leaders, you can check this at the list of investors and advisors who are willing to stand behind their platform.

Some benefits for traders include:

  • Safety Stability (Multi-tier & multi-cluster system architecture)
  • Security systems are constantly upgraded and tested to ensure that Binance is exceeding industry-best standards
  • All devices covered – Support Web, Android, Html5, Wechat, PC
  • Multiple-Language Support (Chinese, English, Japanese, Korean)
  • High liquidity
  • Binance supports a selection of the 90+ cryptocurrencies
  • Multiple-Coin Support (BTC, ETH, LTC, BNB)
  • Strong team with a track record of successful startups
  • Binance platform has been deployed on 30+ exchanges already. It supports all devices and multiple languages, offering a seamless user experience

Platform

The Binance platform is very simple to use and the platform processes and executes orders as soon as they are placed. The charting package is average with several technical indicators available. The underlying Binance platform has been deployed on 30+ exchanges already. It supports all devices and multiple languages, offering a seamless user experience. This platform has 0.1% trading fee, if you have BNB, you can choose BNB to deduct 50% trading fee (temporary).

Regulation

Binance is based in Shanghai. The exchange is led by Changpeng Zhao and his company Beiji Technology. Binance team have experience in both wall-street and crypto finance, this team also have a track record of successful startups under their belt.

Supported Digital Currencies

Binance supports a selection of more than 90 cryptocurrencies: Binance Coin, Bitcoin, Ethereum, Litcoin, Neo, Qtum, Status, Bancor, Eos, Bitcoin Cash, Gas, USDT, openANX, district0x, Monaco, Iconomi, Walton, OmiseGO, 0x, Stratis, SingularDTV, Bitquence, KyberNetwork, FunFair, SONM, ChainLink, Verge, Centra, Salt, IOTA, Moeda Loyalty Points, Metal, Substratum, Ethereum Classic, Monetha, Enigma, AirSwap, Bitcoin Gold, Dash, Everex, Request Network, Loopring, Viberate, Hshare, Tron, PowerLedger, Ark, YOYOW, Ripple, Modum, Enjin, Storj, VeChain, Komodo, Nuls, Ripio Credit Network, Raiden Network Token, Monero, Agrello, Amber, Basic Attention Token, ZCASH, BlockMason Credit Protocol, Aeron, Genesis Vision, CoinDash, GXSshares, Po.et, Quantstamp, BitShares, Zcoin, Lisk, Tierion, Etherparty, Decentraland, Bitcoin Diamond, DigixDAO, AdEx, Cardano, Populous, CyberMiles, Stellar Lumens, Cindicator, ETHLend, Wabi, Time New Bank, Waves, ICON, GIFTO, Simple Token. BNB is the exchange’s homegrown currency called Binance Coin.

Deposit and Withdraw

Clients can not deposit fiat currency / USD, etc on their account. Binance currently only allows the deposit of other cryptocurrency and tokens. If you would like to deposit funds from another source, you will first need to change it to a token that is supported on Binance. Deposit and withdrawal on Binance are very easy, log in into your account then click on the right top corner of the screen. On “Funds” then you can click “deposit or withdrawal”. In the list choose the coin you want to deposit or withdrawal and then fill in the amount and the address.

Support

On the official website, you can not find a live chat but you can send a message anytime via email. This exchange conducts compliance audits on all new coin launches, ensuring that its users have the information they need to make informed trades. Binance is active on Facebook, Twitter, Weibo and Wechat.

Overview

  • Binance is one of the fastest exchange in the market today
  • Payments to and from Binance can only be made via cryptocurrencies
  • No minimum deposit level
  • Safety Stability
  • Binance supports a selection of the 90+ cryptocurrencies
  • This platform has 0.1% trading fee, if you have BNB, you can choose BNB to deduct 50% trading fee (temporary).
  • Customer support: e-mail
  • Multiple-Language Support (Chinese, English, Japanese, Korean)

Summary

According to the official website, Binance is one of the fastest exchange on the market today because their certified matching engine is capable of processing 1,400,000 orders per second. Binance is based in Shanghai and the exchange is led by Changpeng Zhao and his company Beiji Technology. Binance supports a selection of the 90+ cryptocurrencies and payments to and from Binance can only be made via cryptocurrencies. Clients can not deposit fiat currency / USD, etc on their account. The Binance platform is very simple to use and the platform processes and executes orders as soon as they are placed.

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