Binance Trading Platform- My Amazing Review | by Nigeria Bitcoin Community | Nigeria Bitcoin Community | Medium
Binance Trading Platform:- My Amazing Review. I did a lot of in-depth research on Binance — a global cryptocurrency exchange. Thus, I’m glad to say that this is the most comprehensive review of Binance. Binance is a cryptocurrency trading platform for over 500 crypto pairs. It is the world’s biggest crypto trading platform and now includes a lot of other services. In this review, I am going to give you every detail on Binance such as the services it offers, payment methods, supported currencies, etc. I will also give you a free tutorial on how to trade profitably on Binance. Let’s get started. Binance Review Summary. Bin a nce was launched in 2017 after an Initial Coin Offering (ICO). It is one of the biggest in terms of trade volume. In this post, I am also going to discuss everything about Binance including its pros and cons (see the product review). To gradually take you through this review, here is what I will cover; Without hesitation, let’s get down to business . 1. Company Overview. Binance is a popular cryptocurrency exchange founded in China and launched by developer Changpeng Zhao in July 2017. Binance is registered in Malta, and it later moved its headquarters to Tokyo, Japan due to the Chinese regulations on Cryptocurrency. The word Binance is based on the combination of the words ‘Binary and Finance’ and as a cryptocurrency exchange, it aims to improve the future of crypto finance. The initial value of Binance Coin (BNB) was around $0.1, but as at the time of writing, its value is $16.01. Binance is the leading cryptocurrency exchange that currently supports over 100+ altcoins. It offers users the opportunity to trade a wide variety of digital assets globally. Cryptocurrency enthusiasts can raise funds from Initial Exchange Offerings (IEO) when they launch their tokens on Binance. Binance as a centralized exchange has improved its security via the use of Two Factor Authentication (2FA), SMS, and Anti-Phishing code. 2. Binance Services. Binance offers a lot of services on its exchange. I am going to talk about 5 of its services and explain the rest in the latter part of the post. The 5 services include; Exchanges, Margin Trading, Markets, Trust Wallet, and Buy Crypto. i. Exchanges. The exchange is were you trade cryptocurrency pairs like BTC/ETH, BTC/USDT, etc. There are over 500 cryptocurrency pairs available on Binance. This is were pro traders make a living from. There are 3 ways to place trade here; "limit" and "market" which is available on most exchanges and "stop-limit" which is not available on most exchanges is a gold mine for those that know how to use it. Talking about pro trading, there are two trading interfaces available on Biance — Basic and Advanced. Basic: The basic version displays the charts, trade history and order books. Here is what the Basic view look likes as can be seen in the image below.