If you have been active in the crypto world even for several days, you must have heard about this name Binance.
Yes, they are the biggest cryptocurrency exchange (by volume) and without a doubt, it is a giant on the industry.
They support the most extensive trade pairings with over 200 coins supported for deposit and withdrawal. Not only that, they also have been running a lot of crypto-related services from mining, P2P, staking, and even being the incubator for crypto startups.
Should you join and sign up to Binance? All of Rekt Money team members do have accounts. So subjectively we recommend you to do so.
Well, if you’re not sure yet. Don’t worry~
That’s why we created a detailed review for you. So.. let’s get going!
What is Binance
Binance was founded in 2017 by Changpeng Zhao, a developer who had previously created high frequency trading software. He is also recorded in the history book for being a Billionaire under a year.
Binance was initially based in China, but later moved out of China due China’s increasing regulation of cryptocurrency. Right now, Binance is approximately serving almost 15 million active users with handling more than US$10 million transactions per day!
Benefits of Using Binance
You must have heard many people suggest you to sign up on Binance. We’d like to let you know our views about the benefit of doing so:
1. Simple, Fast, and Secure Registration Process.
Hassle-free, amazing customer experience. You can contact the customer support anywhere anytime. Also, they have a very broad coverage, which means no matter which country you are from. You can sign up!
2. The lowest trading fee in the industry
Another outstanding feature of the exchange is that when dealing crypto-to-crypto, binance rates are among the lowest in the industry. Customers are paid 0.1 per cent for any exchange, i.e. if you sold 1 ETH, you will only be paid 0.001 ETH!
3. Extensive Crypto Assets selections (they have A LOT)
One of the key reasons Binance is so famous is that they mention so many different cryptocurrencies. They list from well-known coins such as Ethereum (ETH) and Litecoin (LTC) to smaller coins such as CyberMiles (CMT) and ZCoin (XZC).
4. Highest liquidity in the industry
As Binance has been one of the most popular markets to purchase, swap and sell cryptocurrencies, there’s a lot of business going on all the time. This is an significant consideration, since it ensures that you have a better chance of selling your bitcoin immediately, if and when you need to..
5. Security Leader — your fund is 100% SAFE!
Binance has been putting a lot of effort for its system security. In addition, they are proven to always put customers in the first place. Last time, they use their #SAFU fund to recover from any accident or being hack.