Binance is a leading Bitcoin and cryptocurrency exchange in the world, always in the top 3 with largest global trading volume. Binance was founded by Changpeng Zhao in Shanghai, China in 2017, within a year, but Binance has surpassed major exchanges like Bittrex , Poloniex , .. to rise to # 1 and CEO Changpeng Zhao also in the top billionaires with the fastest rich speed in the world.
Why should you use the Binance exchange?
High liquidity : The volume of transactions on Binance is extremely large, you can buy and sell coins in large quantities at any time.
Cheap transaction fees : Binance exchange charges extremely cheap fees of only 0.1%, much lower than other exchanges, Especially : When you use Binance coin (BNB) to trade, the fee is reduced to only 0.075% .
Extremely fast transaction speed : If you have traded on Binance, you can see extremely fast transaction processing speed, just press "BUY" / "SELL" is almost instant execution. Binance can process 1.4 million orders per second.
Supports multiple coins : Binance currently supports a lot of coins and tokens, you are free to choose the coin you like to trade.
Safety and Security : Binance has a team and a high-level security processing system, with state-of-the-art security technology, you can rest assured when keeping your money on Binance wallet. I have been using it for more than this year with no problems.
Issue a private exchange Coin : It is Binance Coin (BNB), when you use it, you will get a discount like I mentioned above, and BNB coin is also a coin worth investing.
There are mobile trading apps: You can trade coin with Binance on your phone, the Binance app has both iOS and Android versions.
intuitive interface : Binance has a very good looking interface and is especially easy to use for newbiesMulti-Language Support
How is the transaction fee on Binance platform calculated?
Similar to other exchanges, Binance will have 3 types of fees as follows:
Trade fee : 0.1% (There are ways to reduce more, I will talk below)
Deposit fee : Free
Withdrawal fee : Depending on each coin, the fee will be different (See below)
1. Fees to buy / sell (trade) on Binance
By default, the trading fee on the Binance exchange will be 0.1%
2. Deposit / withdrawal fee on Binance
Fee for depositing into Binance floor , I mentioned above is Free regardless of any coin you deposit
One of the advantages of Binance is that it is more comprehensive and easier to use an exchange website than others.