Even if you're yet to buy your first ever cryptocurrency, there's a good chance that you've heard of Binance.
The Malta-based cryptocurrency exchange is often regarded as one of the largest platforms for daily trading volumes, not least because users have access to more than 540 individual crypto-to-crypto.
Moreover, with the exchange now increasing its scope for deposits and withdrawals via real-world fiat currency, it is likely that the platform will only continue to grow.
If you're thinking about joining Binance for your cryptocurrency investing needs, then be sure to read our comprehensive review first. We've covered everything that you need to know, such as how Binance works, who is eligible to open an account, what its fees are like, supported coins, and more.
What is Binance? Launched as recently as late 2017, Binance is a third-party exchange platform that allows users to buy, sell and trade cryptocurrencies such as Bitcoin, Ethereum, Bitcoin Cash, and hundreds more. Although the company now has its headquarters in the European Isle of Malta, the project was founded by Chinese national Changpeng Zhao (CZ).
In less than two years of trading, Binance has since become one of the largest cryptocurrency exchanges in the industry. In fact, it is not uncommon for the platform to facilitate more than $2 billion worth of trading activity each and every day.
Up until recently, Binance was primarily a crypto-to-crypto exchange, meaning that it had no involvement in fiat deposits or withdrawals. However - and as we will cover further down, the platform now offers a limited amount of support for bank account and credit card deposits.
Nevertheless, Binance has risen to fame for a number of reasons. Firstly, the platform offers a hugely extensive lists of supported cryptocurrency pairs. While this of course includes hallmark coins like Bitcoin and Ethereum, this also includes small-to-micro cap tokens. Secondly, trading fees are extremely low at Binance. While standard trading fees average a very competitive 0.1%, this can be further reduced for those holding the platform's proprietary digital asset - the Binance Coin.
Outside of its core exchange platform, Binance has its fingers in a number of other pies. For example, it was announced last year that the company was looking to launch the world's first ever blockchain bank in Malta. The platform also signed a Memorandum of Understanding with the Malta Stock Exchange with the view of facilitating the trading of digital securities.
Binance is also renowned for its dedication to helping those in need. Through its Binance Charity Foundation initiative, the platform has spear-headed a number of charitable projects. This includes a recent campaign to help females in Uganda who suffer from period poverty.
So now that we've covered the basics, in the next section of our review we are going to show you how Binance works in more detail.
How Does Binance Work? In its most basic form, Binance allows you to buy, sell and trade digital currencies like Bitcoin and Ethereum. In order to give you a birds-eye view of how the platform works, we've broken down the main steps that you will typically need to follow to get started.
Step 1: Open an account Head over to the Binance homepage and open an account. If you're only planning to deposit and withdraw funds using cryptocurrencies, then you'll only need to provide an email address.
Step 2: Set up two-factor authentication In order to secure your account, Binance will ask you to set-up two-factor authentication (2FA). This means that you'll need to install an application like Google Authenticator on to your phone. Subsequently, each and every time you want to log in - or perform key account functions like a withdrawal request, you'll need to enter a unique code that can only be found on your phone.
Step 3: Deposit coins Although a select number of nations can now use a credit card or bank account to deposit funds, we'll make the assumption that you're looking to deposit with a cryptocurrency.
If a fiat currency deposit is something you want to explore, you'll need head over to the 'Funds' section of your account and follow on the on-screen instructions (if available).
Nevertheless, on the deposit page, you'll need to scroll through the long list of coins that are supported, and click on the one that you want to deposit into Binance. You can use this address to send funds to that you purchased on another platform ie Coinbase.
Copy the unique wallet address that is provided to you, and use that to transfer the funds from your private wallet.
Step 4: Trade Once your cryptocurrency deposit has been credited - which usually takes no more than 10-20 minutes, you are then ready to start trading. Hover over the 'Exchange' button at the top of the screen, and select whether you want the 'Basic' or 'Advanced' trading platform. If you're just starting out, then go with the former.
You now have access to over 540 individual trading pairs. If the coin that you want to purchase is not directly paired against the cryptocurrency you deposited with, you'll need to make an additional trade.
For example, if you deposited with Bitcoin Cash, but you're looking to buy a smaller cap ERC-20 token that isn't paired with Bitcoin Cash, then you might need to exchange it for Bitcoin or Ethereum first.
When you complete your trade, your newly purchased coin will now be available in your Binance account. You can either keep it in your Binance account, or withdraw it to an external wallet.
Binance also offers an API which allows you to connect your account to a number of Crypto Trading bots and allow them to trade on your behalf, automating your strategy and hopefully profiting from the bot's trades.
So now that you know how Binance works, let's explore what cryptocurrencies the platform supports.
What Cryptocurrencies Does Binance Support? As we noted earlier, one of the main attractions for avid cryptocurrency traders is that the platform has one of the largest lists of supported coins. While the main players - notably Bitcoin, Ethereum, Bitcoin Cash, Litecoin and EOS, are of course supported, Binance is also good for much smaller, lower-cap tokens.
Rather than listing each and every trading pair available on Binance, we've instead listed the 164 individual cryptocurrencies that can be bought and sold on the platform at the time of writing.
If you want to see what pairs are available against your chosen coin, you can view this at CoinMarketCap.
Aave AdEx aelf Aeron Aeternity Agrello Aion AirSwap Algorand Ambrosus Ankr AppCoins Ardor Ark Augur Bancor Basic Attention Token Binance Coin Binance GBP Stable Coin Bitcoin Bitcoin BEP2 Bitcoin Cash Bitcoin Diamond Bitcoin Gold BitShares BitTorrent BlockMason Credit Protocol Blox Bluzelle Bread Cardano Celer Network Chainlink Cindicator Civic Cocos-BCX Contentos Cosmos com CyberMiles Dash Decentraland Decred Dent DigixDAO district0x Dock Dogecoin Dusk Network Eidoo Elrond Enigma Enjin Coin EOS Ethereum Ethereum Classic Etherparty Ethos Everex Fantom Fetch FunFair Gas Genesis Vision Gifto GoChain Golem Groestlcoin GXChain Harmony Holo Horizen HyperCash ICON iExec RLC Insolar IOST IOTA IoTeX Komodo Kyber Network Lisk Litecoin Loom Network Loopring Lunyr Mainframe Matic Network Metal Mithril Moeda Loyalty Points Monero Monetha Nano NavCoin Neblio Nebulas NEM NEO Nexus Nucleus Vision NULS OAX OmiseGO Ontology Ontology Gas OST Paxos Standard Token PIVX et POA Network Polymath Populous Power Ledger Pundi X QLC Chain Qtum Quantstamp QuarkChain Raiden Network Token Ravencoin Red Pulse Phoenix Ren Request Ripio Credit Network Selfkey Siacoin SingularDTV SingularityNET Skycoin SONM StableUSD Status Steem Stellar Storj Storm Stratis Streamr DATAcoin Syscoin Tael THETA Theta Fuel Tierion Time New Bank TRON TrueUSD USD Coin VeChain Verge Viacoin VIBE Viberate Waltonchain Wanchain Waves WePower WINk XRP YOYOW Zcash Zcoin Zilliqa How Much Does it Cost to Trade at Binance? Although Binance does offer a maker/taker fee structure, the standard trading fee that you will pay is 0.1%. This will be charged every time you buy and sell a coin. If you are a market taker - meaning that you simply use the liquidity that is already available on the platform, then you can reduce this down to 0.09% if you trade more than 500 BTC (or cryptocurrency equivalent) in a 30 day period.
The lowest fee available for market takers is 0.04%, albeit, you would need to trade at least 150,000 BTC in a single month.
At the other end of the spectrum, market makers - which provide the platform with liquidity, get an initial fee of 0.1%, too. However, for trades of more than 150,000 BTC per month, this can be reduced down to 0.02%.
Irrespective of how much you trade, the fees charged by Binance are some of the lowest available in the cryptocurrency exchange arena. In even better news, you have the opportunity to reduce these fees further by holding the Binance Coin.
Reduced Trading Fees via Binance Coin If you hold a balance in the platform's native Binance Coin, then you can use this to pay your trading fees. In doing so, you will be offered a reduction of 25%. As such, your 0.1% standard trading fee is reduced down to 0.075%.
The discounted fees available via the Binance Coin will reduce over time. While this was previously 50%, the next reduction will take the discount down to 12.5%.
Who is Eligible to Trade at Binance? Binance is a global cryptocurrency exchange that has traditionally accepted users from all nation states. The main reason for this is that users are trading crypto-to-crypto products and thus, regulations are somewhat unclear. This is especially true when you consider that new users are only required to provide an email address to get started.
However, the platform recently announced that it would be restricting US passport holders from using its exchange. The main reason for this is that Binance is looking to launch a dedicated exchange for US citizens that complies with all regulatory requirements. As such, if you're from the US and you want to use Binance, you'll likely need to wait until the domestic exchange is launched.
Deposits, Withdrawals and Payments Although Binance has always been known as a cryptocurrency-only exchange, the platform is now able to facilitate fiat currency deposits and withdrawals. At the time of writing, this is available via credit cards or a bank transfer. Not all locations are supported, so you are best advised to check this first.
Credit Card If you're looking to use a traditional credit card to purchase coins, you can now do this directly from the Binance website. Both Visa and MasterCard are accepted.
The platform notes that while payments can be accepted from credit cards of all currencies, if the native currency is anything other than USD or EUR, then an additional charge might apply. In terms of the standard processing fees, this comes at a cost of 3.5% ($10 minimum). This is slightly lower than industry counterpart Coinbase, which charges 3.99%.
At the time of writing, you can use your credit card to purchase the following coins:
Bitcoin Ripple Binance Coin Ethereum Litecoin Bitcoin Cash ABC Bank Transfer If you're looking to deposit and withdraw funds via a bank transfer, then this can be facilitated via the platform's Binance Jersey off-shoot. At the time of writing, supported countries mainly consist of the UK and Europe, alongside a number of other jurisdictions such as Turkey, Singapore, Australia, New Zealand, and the United Arab Emirates.
To get funds into your Binance account via a bank transfer, you need to specify your desired currency and how much you want to deposit. Binance will then provide you with details of the account you need to make the transfer to, alongside the reference number you need to include within the transfer.
KYC is Required for Fiat Deposits and Withdrawals It is important to remember that Binance will require you to go through a simple KYC process before they can accept your fiat deposit request. This is to ensure that Binance remains compliant with all respective anti-money laundering laws. This is especially crucial for the exchange at a time that they are looking to obtain the necessary regulatory approval to launch an exchange in the US.
To do this, you'll initially need to enter your full name, home address, country of residence, and date of birth. You will then be redirected to the platform's third-party verification partner - NetVerify. To complete the KYC process, you'll need to upload a copy of your government issued ID. This needs to either be a driver's license, passport, or national ID card.
Security at Binance Binance offers a number of security safeguards to ensure your funds remain safe from the threat of external malpractice. Firstly - and as we noted earlier in our step-by-step account set-up overview, you are advised to install 2FA. This means that unless a hacker has access to your mobile phone, they won't be able to gain access to your Binance account.
Moreover, if you attempt to login from a device or IP address that has not previously been used on Binance, you will need to confirm this via your registered email account. You can also choose to receive email notifications when key account functions are performed, such as withdrawals.
While we are on the topic of withdrawals, Binance recently introduced its 'Address Whitelisting' feature. Ordinarily, you have the option to withdraw your cryptocurrency funds to any wallet address. However, if you set-up the address whitelisting feature from within your account, you can ensure that withdrawals can only be made to a single address. You can of course amend this at any time, although you'll need to go through an extra couple of security steps.
SAFU Reserve Fund We really like the Secure Asset Fund for Users (SAFU) that Binance introduced in 2018. The SAFU function acts like a reserve fund in the event that the platform experiences a hack. The reserve SAFU pot is funded by taking 10% of all trading fees that Binance generates. When you take into account the multi-billion dollar trading volumes that the platform is accustomed to, the fund could potentially grow to a significant amount.
As great as the security features are at Binance, it is important to note that the platform was actually hacked in May 2019. The malicious actors were able to remotely steal surplus of 7,000 Bitcoin, which at the time amounted to a market value of just over $40 million. The good news is that the platform utilized the aforementioned SAFU fund, meaning that Binance customers that were affected did not lose any money.
Regulation In terms of its regulatory status, Binance is regulated in Malta under its newly enacted Virtual Financial Assets (VFA) act. Other than this, Binance is not licensed by any other regulatory bodies. However, this isn't to say that the platform does not comply with its anti-money laundering obligations.
On the contrary, Binance requires all customers that plan to use fiat currencies to deposit and withdraw to go through a KYC process. Moreover, if you attempt to withdraw more than 2 BTC in a 24 hour period, then you will also be required to go through a verification process.
It is also important to note that Binance is in the process of applying for regulatory approval in the US to launch a fully licensed exchange for US citizens. This means that it will need to ensure its regulatory endeavours are water-tight if it is to get the green light.
So now that we've covered account security and regulation, in the next section of our review we are going to cover customer support.
Customer Support at Binance When the crypto-craze of late 2017 was in full force, Binance experienced a significant wave of new account applications. The throughput was so high that the platform had to temporarily suspend new registrations. With that being said, Binance has since increased its customer support team by a considerable amount.
If you do need to make contact with somebody at Binance, you can submit a ticket request via your account portal. Alternatively, if you are using Binance Jersey for your fiat currency needs, then you can access a 24/7 live chat facility. Unfortunately, Binance does not operate a telephone support hotline.
The platform does have a good presence on social media though. This includes Telegram and Twitter, so it's well worth using these channels if you are yet to receive a response.
Binance Margin Trading The team at Binance recently introduced margin trading to its platform. You will need to apply for a margin account if this is something you're interested in, which will include a disclaimer form indicating that you understand the risks involved.
You will need to transfer Binance Coins to your maring trading wallet, which is essentially used as collateral against the funds you intend to borrow. Binance will allow you to trade at a margin rate of 3:1, meaning that if you have the Bitcoin equivalent of 1 BTC, you can effectively borrow 2 BTC.
If you are engaged in margin trading and your margin balance falls below 1.3, then Binance will get in touch to let you know that a margin call is required to avoid liquidation. If your margin balance then drops down to 1.1, Binance will be forced to liquidate your trade, meaning you'll lose your collateral.
As such, you should only trade on margin if you have a firm understanding of the underlying risks.
Binance Review: The Verdict? In summary, it's easy to see why Binance is now one of the largest cryptocurrency exchanges in the industry. With customers offered super low trading fees, hundreds of crypto-to-crypto trading pairs to choose from, and enhanced security features - Binance is an excellent choice if you're looking for a new exchange to join.
In reality, it's amazing just how quickly the platform has grown since it was launched in 2017. Although the exchange is less than two years old, Binance is already responsible for billions of dollars in weekly trading volumes.
It is also a good move that the platform is now able to facilitate fiat currency deposits and withdrawals. While at the time of writing this is only available in a select number of nation states, it is likely that Binance will continue to roll out it's credit card and bank transfer facilities over the coming months.
Do You Know Why Binance is The Best Exchange? You might have wondered why Binance is the best exchange? ItвЂ™s because it is one of the most successful and major exchanges of cryptocurrency on the market. Some kind of a massive following has grown. Binance introduced a new and innovative exchange method that benefits dealers, holding Binance Coin as their native token. Originally, BNB holders were given with up to a discount of 50 percent for BNB transaction costs, halving these fees annually up to 2020, before they were phased out in 2021.
With its customer-oriented listing activities, which just see the best tokens and cryptocurrencies on the site, Binance is becoming more popular with ICO protecting and investors users against the countless scam initiatives which are often on less discriminating platforms.
What are the commercial characteristics provided by Binance? Traders and investors of all levels of experience from beginners to experts can use Binance.
The exchange specifically divides its trading qualities into two groups. The former targets for less advanced users, the latter is more practical and built for the seasoned investor.
You would certainly be interested in the simple setting if you are a novice in cryptocurrency tradings. This empowers simple interchange navigation. It is also simple to use the interface. Most properties can also be bought and sold without too much learning process with different cryptocurrencies.
Though, you will be welcomed with a far more intimidating user interface if you choose the advanced setting. In contrast to placing an order, this method is designed to simulate complex market analysis and forecasts.
The specialized order configuration provides all the same functions as the standard alternative, but with optional maps. It enables users to create their charts, metrics, projections, and additional details. This platform can carry out further technical analyzes.
How about the fees? Binance pays a trading rate of 0,1% both for commodity suppliers and for market buyers for accounts under 100 BTC's value, which is still one of the lowest traders in the industry.
However, Binance is the best exchange that proposes two ways to somehow reduce trade fees for suppliers and employers to as much as 0,0150% and 0,0300%.
Binance is the best exchange that split its fee system into eight Premium rates to attract large-scale traders. The following schedules are outlined to achieve every successive VIP level: the traders must meet a monthly minimum trading activity plus an exact amount of Binance is the best exchange Coin.
Binance is the best exchange also does not charge extra for deposits in cryptocurrencies. Nevertheless, transfers to existing wallets are subject to reasonable fees. The cost varies depending on the removal of the asset. The fee normally only suffices for the normal cost of the network.
Limits for transition One of the explanations for Binance's success is that the users can register for level 1 with minimal personalized details because of their fairly relaxed verification criteria.
To verify Level 1, Binance is the best exchange that will simply ask you to make an account and check your email with a daily unverified accounts of 2 BTC for all verified levels 1, with no deposits or trading restrictions.
Even though the level 1 check is adequate for most customers, Binance is the best exchange which offers the possibility to purchase to level 2, so that specific information like your name, date of birth, address and photo ID can be provided in the form of your passport, national identity card or driving license.
Your daily spending limit is adapted to 100 BTC after level 2 tests have been completed. Again, the amount you can deposit or trade remains unlimited. Note that identity checks are required to buy cryptocurrencies by Twisted pair with debit or credit card.
Is Binance transactions safe? By way of writing, Binance has never been in a safety violation because of strict security programs, partially because of large cryptocurrency exchanges. Binance seems to work very hard to prevent possible attacks on its users ' assets.
Surprisingly though, Binance does not discuss the long term storage of its user funds " the most secure way to protect user funds. Binance is the best exchange, also offers a variety of customer safety features in addition to this possibly temporary setback. Binancing accounts are practically unhackable when properly secured.
First of all, two-factor verification is used-after entering your password, SMS, and/or authentication check is used as the second safety layer. Therefore, Binance is the best exchange that must send a confirmation email for each removal. It helps to prevent bad actors from accessing the financial credentials of a user from stealing users ' funds. The user should confirm receipt of the email, until the funds are submitted to the external wallet via the Binding form.
Mixed with double verification, this means that any hacker will have access to your account, email address, and mobile device to withdraw funds a tough challenge.
Binance Deposits and Cancelations Binance does not deliver a fiat deposit or withdrawals as a crypto-monetary exchange. Space.
It does, though, provide refunds for all of the cryptocurrencies that are sold on the website. Within this respect, Binance is the best exchange that partners with Twisted-pair to allow the company to buy cryptocurrency on the platform.
Binance has already started a sister exchange named Binance Jersey, which will be used against the Euro and Pfund Sterling in Ethereum and Bitcoin trading. As this is a different forum, this exchange will not be protected by this study.
Conclusion Binance is the best exchange that is an outstanding exchange for both beginners and advanced traders in cryptocurrency trading who want to deal with a broad range of digital assets at very reasonable prices.
The trade is among the leading systems in terms of asset variety, with the highest volume of any exchange currently underway and as one of the few places to support steady-coin trading.
Общие сведения Currency.com (ООО "Карренси Ком Бел") зарегистрирована в Беларуси и является резидентом минского "Парка высоких технологий". Компания основана в Беларуси и до середины 2020 года работала исключительно из Беларуси. В июне 2020 года у неё появилась дочерняя компания Currency Com Limited, зарегистрированная в Гибралтаре, а в сентябре 2020 года было объявлено о намерении открыть дополнительный офис в Литве.
Currency.com стала первой криптовалютной биржей, начавшей работу в Беларуси. Торги на бирже стартовали в январе 2019 года. Биржа ориентируется на тесное взаимодействие с госорганами и на следование всем требованиям регулятора, поэтому будет интересна клиентам, которые предпочитают работать в правовом поле и готовы предоставлять о себе всю информацию: сведения о происхождении активов, целях операций и т.п.
Currency.com - регулируемая биржа токенизированных активов, на которой можно инвестировать криптовалюты в традиционные активы: акции, фондовые индексы или сырьевые товары. Одной из проблем криптовалютной индустрии, которая мешает повсеместному признанию цифровых активов и приходу крупных институциональных инвесторов, является отсутствие регулирования и создания тепличных условий для развития криптовалютных проектов и их интеграции с традиционными экономическими системами и бизнесом. Постепенно эта тенденция меняется, отдельные государства начинают разрабатывать законопроекты под регулирование цифровой экономики и помогают криптовалютным компания работать в рамках правового поля. В январе 2019 года была запущена криптовалютная биржа токенизированных активов Currency.com, лицензия которой была выдана в соответствии с декретом президента Республики Беларусь «О развитии цифровой экономики», вступившем в силу в марте 2018 года.
Регистрация и верификация На Currency.com верификация личности обязательна, но в среднем подтверждение документов занимает не более часа.
Пополнение баланса и вывод средств На Currency.com вы можете пополнить баланс в криптовалютах Bitcoin, Bitcoin Cash, Ethereum и Litecoin, а также в долларах, евро и рублях с помощью карт Visa и MasterCard, банковского перевода и платежной системы SEPA для резидентов ЕС.
Пополнение и вывод в криптовалютах происходит в течение нескольких минут. Пополнение фиата через Visa и MasterCard осуществляется моментально, а банковским переводом, как правило, в течение 15-20 минут, в редких случаях - до часа. Вывод фиатных валют происходит в течение 24 часов.
Быстрый вывод фиатных валют возможен благодаря тому, что Currency.com сотрудничает с крупнейшими банками на территории СНГ.
Комиссии за ввод и вывод Комиссия за ввод и вывод криптовалют не взимается. Как и на BitMEX, комиссия в размере 0.0005 BTC уплачивается за проведение транзакции в сети. Комиссия за пополнение в ETH составляет 0.02 ETH, в LTC - 0.04 LTC, в BCH - 0.015 BCH. Комиссия за пополнение банковским переводом биржей не взимается. Комиссия на вывод фиксированная и составляет 300 RUB, 8 USD или 8 EUR для банков резидентов Республики Беларусь, для банков нерезидентов 0.15% (минимум 20 USD или 20 EUR, максимум 150 USD или 150 EUR). Перевод в BYN возможен только через банки - резиденты Республики Беларусь и осуществляется бесплатно. Комиссия за пополнение с карт Visa и MasterCard составляет 3,5%. Вывод в USD на карту Visa 2,4% + 3 USD, на карту MasterCard 1,9% + 3 USD. Вывод в EUR на карту Visa 2,4% + 2.7 EUR, на карту MasterCard 1,9% + 2.7 EUR. Вывод в RUB на карту Visa 2,4% + 150 RUB, на карту MasterCard 1,9% + 150 RUB. Пополнение баланса на Currency.com осуществляется самыми разнообразными способами и напрямую, без лишних комиссий и посредников в виде платежных систем таких как AdvCash, Payeer и других.
Как торговать на Currency.com Интерфейс на Currency.com интуитивно понятен и прост даже для начинающих трейдеров. Так же, как и на BitMEX, новичкам доступна демо-версия для более полного ознакомления с платформой.
Прежде, чем приступить к торгам, необходимо сначала выбрать тип торговли в левом верхнем углу терминала. Если вы хотите обменять один актив на другой, следует выбрать "Торги". Если вы хотите обменять один актив на другой, следует выбрать "Торги". Если вы хотите торговать с левереджем, выбираете "Торговля с левереджем".
Если вы выбрали "Торги", выбираете торговую пару и нажимаете "Купить" или "Продать". Справа появится окно, в котором вам нужно выбрать объем, который вы хотите обменять, после чего нажмите "Купить"/"Продать". Также, вы можете установить цену, достигнув которой обмен состоится автоматически. Для этого в этом же окне необходимо нажать "Купить/Продать, когда цена составит".
Торговля с плечом на Currency.com Если вы выбрали торговлю с плечом, после выбора торговой пары, в появившемся окне, вам необходимо выбрать объем, размер кредитного плеча, установить тип ордера - лимитный или рыночный, установить Stop Loss и Take Profit и нажать "Купить/Продать". После этого аявка размещена.
Обратите внимание, что максимальный размер левереджа у разных типов активов разный:
токенизированные акции и ETF - до 20x; криптовалюты и фондовые индексы - до 100x; сырьевые товары - до 200х; валютные пары рынка Forex - до 500х. Торговые комиссии Размер торговых комиссий на "Торги" и "Торговля с левереджем" на Currency.com отличаются. Например, размер торговых комиссий составляет 0,2% на криптовалюты и 0,05% на токенизированные активы.
При торговле с левереджем, размер комиссий на криптовалюты аналогичен BitMEX: 0,075% за выставление рыночной заявки и за выставление лимитной выплачивается кэшбек в размере -0,025%. На токенизированные активы размер комиссий составляет 0,0125%.
Currency.com также выделяется среди других торговых площадок размером спреда. Например, по торговой паре BTC/USD спред составляет 5 центов, а по паре ETH/USD - всего 1 цент. Это самые узкие спреды на криптовалютном рынке. К примеру, на BitMEX, спред по торговой паре XBT/USD составляет 50 центов, а по паре ETH/USD - 5 центов.
Дополнительные инструменты Кроме всего вышесказанного, Currency.com предоставляет трейдерам:
Аналитические отчеты Обучение биржевой торговле Последние и трендовые события из мира финансов и технологий Экономический календарь. Эти инструменты особенно важны для тех, кто только начинает путь в трейдинге, и тех, кто торгует не только криптовалютами, но и другими финансовыми инструментами, которые сильно зависимы от фундаментальных факторов - новостей и статистики.
Условия торговли Условия торговли 8 октября 2019 года биржа Currency.com объявила о сужение спреда по двум основным криптовалютным парам. По BTC/USD спред снижен до 5 центов, а по паре ETH/USD до 1 цента. Стоит отметить, что спред по этим парам фиксированный вне зависимости от волатильности на рынке, его размер не меняется. На сегодняшний день - это самые узкие спреды на криптовалютном рынке. Также были снижены торговые комиссии по следующим инструментам: Криптовалютные пары с кредитным плечом - комиссия снижена до 0.075%; Акции с кредитным плечом - комиссия снижена до 0.0125%; Сырьевые товары - комиссия снижена до 0.05%; Акции - комиссия снижена до 0.05%; Индексы - комиссия снижена до 0.05%. Для сравнения, торговая комиссия на крупнейшей криптовалютной бирже Binance составляет 0.1%, на бирже OkEx - от 0.1% до 0.15%, что в два раза выше чем на Currency.com. Что касается других видов активов, на криптовалютных биржах их просто нет, трейдерам доступны только ведущие монеты и токены.
Преимущества Currency.com Широкое разнообразие активов. На бирже представлено более 1300 самых ликвидных в мире активов: акции, криптовалюты, фондовые индексы, сырьевые товары, облигации и ETF. Таким разнообразием активов не может похвастаться ни одна криптовалютная биржа.
Для трейдеров такой широкий выбор активов дает возможность диверсифицировать торговые портфели и создавать сложные инвестиционные стратегии, делая трейдинг не только интересным и умным, но и прибыльным. Торговля с кредитным плечом до 100х. Кроме возможности покупки традиционных финансовых инструментов за криптовалюты, биржа предоставляет маржинальную торговлю с кредитным плечом до 100х.
Способы пополнения и вывода. Пополнять баланс и выводить средства возможно в криптовалютах BTC, BCH, ETH и LTC, а также в фиатных валютах: Евро, американский доллар, российские и белорусские рубли. Пополнение в фиате возможно как банковским переводом, так и с помощью карт Visa и MasterCard. Кроме того, Currency.com стала первой криптовалютной биржей, которая открыла счет для приема платежей в Сбербанке, что особенно важно для клиентов из России и СНГ. Русскоязычная локализация.
Currency.com ориентирована не только на международный рынок, но и особое внимание уделяет клиентам из России и стран СНГ. На бирже доступна русскоязычная служба поддержки, которая оперативно поможет разобраться с любым возникшим вопросом. Вся информация на сайте и торговый терминал переведены на русский язык. Высокая скорость работы. Платформа использует передовые технологии и программное обеспечение, что позволяет обрабатывать свыше 50 млн операций в секунду и помогает избежать проскальзываний цен, "тормозов" при высокой нагрузке и ошибок при открытии торговых позиций. Реферальная программа. Для тех, кто пока не имеет возможности торговать самостоятельно, на платформе имеется выгодная партнерская программа, участником которой может стать каждый. Партнер получает до 50% от торговых комиссий приведенных клиентов. Клиент же получает скидку 10%, если воспользуется реферальной ссылкой. Быстрая верификация. Биржа работает в соответствии с правилами KYC и AML, поэтому для совершения торговых операций необходимо пройти процедуру верификации, однако в отличие от других бирж, где процедура KYC может занять от нескольких дней до нескольких недель, на Currency.com она занимает менее часа. Мобильное приложение. Для тех, кто находится в пути и не имеет возможности использовать компьютер, на бирже есть мобильные приложения для iОS и Android, которые позволяет постоянно следить за ситуацией на рынке и быстро принимать торговые решения при необходимости.
Registration Bybit welcome bonusThe Bybit cryptocurrency broker platform is operated by the Bybit Fintech Limited which is registered on the British Virgin Islands, with headquarters in Singapore. The company was launched in March 2018, making it still a fairly young player on the crypto market.
The company has about 90 employees, all of whom joined within a year. The development team created the trading platform in just over half a year, knowing that the system had to be as close to perfect as can be.
This is because no mistakes are allowed to happen when traders with high stakes risk a lot of money on a derivatives trading platform, not even in the area of cryptocurrency. As Bybit is focused on the more experienced traders, the platform has grown in a short time to become a well-known name on this highly competitive market.
Experienced traders are especially charmed by the platform's high speed performance. According to Bybit's own statements they can handle 100,000 transactions per second. This has the advantage that you lose as little money as possible when trading, which can otherwise happen on overloaded platforms. With it's high technical standard, the platform is ready for the future. Due to the ever increasing popularity of crypto trading all brokers will become busier and busier, which means that many transactions per second are no superfluous luxury.
Especially in terms of functionalities, Bybit distinguishes itself from the rest. This way you can trade on margin on the platform. With some cryptocurrencies it's even possible to use leverage of up to 1:100. This means that you would only have to deposit 0.01 BTC to be able to open a 1 BTC position. With leverage you can still make a lot of profit with only a small investment, but you can also lose your margin just as quickly. With leverage of 1:100 this is certainly the case which is why professional traders usually never use it to that extend. With this amount of leverage the liquidation price will just be too close to your entry, so it's hard not to get liquidated in that case.
In fact, most pro traders use a formula that calculates the position size based on their stake in relation to the amount they are willing to lose in one trade. Leverage in general is a functionality for the more experienced trader, and high leverage is rather for the gambler.
The fact that Bybit is especially suitable for experienced traders doesn't mean that there is no support available. If you have any questions, you can contact them 24/7 via a live chat on the website. The live chat is fully in English as Bybit is not offered in other languages. It is even possible to ask questions to their CEO on Twitter. So Bybit is a very open platform, a fact that makes them seem trustworthy and reliable, more than many other trading sites.
In summer 2019, the platform already counts 100 thousand registered users, with new sign ups coming in every day. Currently Bybit is one of the most popular alternatives to BitMEX.
Registration Products offered by Bybit - Altcoin Trading Pairs
Bybit offers perpetual crypto derivative contracts on Bitcoin, Ethereum, EOS, and Ripple against USD. It means that by performing a trade, you are not buying an underlying asset, but enter an agreement with the seller for the future price of a given asset.
In order to trade any of the products offered by this platform, you will have to deposit either BTC, ETH, EOS, or XRP, after which Bybit will calculate your available margin, shown in USD.
This margin can be used to enter a short or long position on every currency pair available: BTC/USD, ETH/USD, EOS/USD, and XRP/USD with a maximum leverage of x100.
Creating an account on Bybit is very easy and that's mainly because Bybit doesn't need too much data from traders. What you'll notice with a lot of brokers and exchanges, is that you have to verify some data before you can start. This is especially with traditional regulated brokers, but also with a range of new cryptocurrency brokers.
With Bybit you don't have to do this. Only an email address is sufficient for Bybit. If you signup with your mobile you need to fill in your country, phone number and password.
After activating your account via e-mail you can get started right away. It might give you a bit of a strange feeling, but actually a specialized cryptocurrency broker doesn't need anything else from you. You can read below why Bybit doesn't need your bank details.
Registration Demo Mode
Bybit is offering a testnet trading account, so new users can check out the trading platform safely before trading with real money. This is a great feature we always appreciate with Bitcoin brokers. Right on their trading interface you find the Testnet link on the right side.
In the illustration you see where you find the testnet link. Btw, this is the night mode which is preferred by many traders who are used to dark charts:
One of the cool things about Bybit is that they grant you money in the form of bonuses. Users get a $10 signup bonus and another $50 on their first deposit, so $60 in total. However, a minimum deposit of 0.2BTC is required for this deposit bonus.
In order to get the $10 sign up bonus there is a tiny task you need to do which is following Bybit's official on Twitter and retweeting the Welcome Bonus Tweet. You'll find the details in your account in the bonus section. By the way, this credit cannot be withdrawn, but must be used for trading on the platform. But that goes without saying.
For legal reasons there are certain countries or regions that cannot be served by Bybit. Unfortunately, those are the USA, Québec (Canada), Cuba, Singapore, Crimea, Sevastopol, Syria, Iran, Sudan, China and North Korea. So if you live in one of those countries, unfortunately you're not allowed to trade on Bybit.
It is good to know in advance that you can only use cryptocurrency to access Bybit. So you can't execute trades with USD or Euros to convert them into Bitcoin, for example.
If you want to start using Bybit and you don't have any cryptocurrency yet, then you'll first have to go to an exchange to buy Bitcoin or one of the other cryptocurrencies accepted for deposit on Bybit.
With Bybit you can make trades like you might know from BitMEX. At Bybit it is possible to deposit BTC, ETH, EOS or XRP in order to start trading. So it isn't possible to directly deposit fiat money such as USD, EUR, GBP etc. If you don't have cryptocurrency yet, you can buy some from CoinMama, BitPanda, LocalBitcoins, Coinbase or another exchange of your choice. The term you have to look for is spot trading, other than CFD trading. Spot trading means you actually exchange one foreign currency against another, so you actually purchase a currency (or, in our case: cryptocurrency). At CFD trading you only trade price differences of 2 currencies, but you only keep one type of asset. The amount of this asset will get enhanced or reduced, depending on the success or failure of your trades.
For each trade in Bybit you can set a leverage and you can indicate whether you want to go long or short. Each trade on Bybit happens through two parties. One party is the maker. A maker places an order in the order book for the future. So a maker will also make sure that the trading platform has money in its hands and will provide liquidity within the broker. A maker receives a reward for this. You can read more about this below. The other party is the taker, who places an order equal to that of the maker. So in short - a maker creates the order book and a taker takes a transaction out of the order book.
Here are the leverage details for BTC and ETH positions:
BTC leverage details
ETH leverage details
Protection From Market Manipulation
The broker is protected from market manipulation by using a dual price mechanism. This means that the price at which traders can be liquidated depends on the mark price. The mark price is an average price of certain large exchanges.
Deposit and Withdrawal
There is no minimum deposit for BTC, ETH, EOS and XRP. So on this crypto margin broker you can even trade with tiny amounts, which is a good idea if your are a margin trading beginner. But they do have minimum withdrawal amounts you might need to know - however, even those are really low:
Registration Maximum Withdrawal:
The maximum amount you can cash out at once is 10 BTC. Withdrawals are processed manually 3 times a day. So you could withdraw 30 Bitcoin per day in total.
We've just been talking about makers and takers. As a taker you pay a 0.075% fee of your total trading amount to Bybit. As a maker you will receive a 0.025% discount on that amount. If you have closed all your trades and for example you want to withdraw your Bitcoin from your account to your own wallet, you'll pay the small transaction fee that goes to the BTC miners.
Bybit itself doesn't charge any fees on deposits and withdrawals. The current mining fees on deposits and withdrawals are stated here.
Bybit suffers from the same kind of critics as other exchanges operating under the same business model. First of all, the exchange itself doesn't require you to go through the KYC process, and because of the regulatory reasons, U.S citizens are not accepted. What is more, Bybit is not as liquid as some bigger exchanges, which might lead to some problems if you are planning to trade bigger positions.
As the platform operates only on crypto deposits that are the base for your margin, combining that with a maximum leverage of x100 might lead to some unforeseen consequences. Traders entering a heavily leveraged long position might get quickly liquidated, as the value of the available margin decreases, with the underlying asset increases in the value at the same time.
Bybit has the same funding fee standard most competitors use: Every 8 hours there is a point where open positions get charged the so called funding fee. This fee gets directly exchanges between traders, so it's nothing the broker will earn. The fee is dynamically calculated and depending on market conditions it's either longs pay shorts or the other way round. The time intervals are 8:00 UTC, 16:00 UTC, 0:00 UTC. Funding fees only affect positions being held over those time stamps. If you close a positions one minute before or open a new one right afterwards, you're not affected.
Bybit is seen by many traders as a robust and reliable platform. So there is no need to be discouraged by the missing verification process. In fact, anonymous (KYC-free) trading is what many traders prefer so they specifically look for crypto brokers with no KYC.
Bybit offers good support for users and it is available around the clock. The possibility to ask the CEO of the company questions via his own Twitter account shows that it is a transparent company. That's what we like to see in the crypto world.
The platform is made for experienced traders. As with many other platforms, it is possible to first get acquainted with the system via a demo environment. So you can take a look around to see what the dashboard looks like before you really start. A function we didn't expect, but certainly a pleasant surprise.
Bybit is a cryptocurrency derivative exchange that launched its services at the end of 2018.
The exchange gives traders the ability to trade Cryptocurrency perpetual contracts with up to 100:1 leverage. In their short time in operation, the exchange has managed to build up sizable liquidity.
However, can such a new exchange really be trusted?
In this Bybit review, we will give you everything you need to know about the exchange. We will also give you some top tips when it comes to trading crypto futures.
Get $190 BONUS!*
*On deposits of 0.2 BTC or More
Registration Bybit is P2P cryptocurrency futures exchange that is based in Singapore. The exchange operates under Bybit Fintech Limited which is a company that is registered in the British Virgin Islands.
In their about us page, the exchange claims that they have a team which is comprised of experts in blockchain technology and finance. For example, their technology team has people who hail from Morgan Stanley, Tencent etc. You can check them out on linkedin.
The primary product offered on the exchange is perpetual futures products with 100:1 leverage. This means that they are trying to compete with established exchanges such as BitMEX and Deribit which have similar non-expiry futures products.
While there are many similarities between the exchanges, there are some unique features that Bybit have included that could make them attractive. We will touch on these features when we cover their trading technology.
The exchange is open to most traders around the world and the website has been translated into English, Simplified and Traditional Chinese, Korean, Japanese and recently Russian. However, there are some jurisdictions that they do not operate in and these include the likes of the USA, Syria, and the Canadian province of Quebec.
This is one of the most important questions that any exchange user will have. This is especially true when it comes to a new exchange with no established security track record to turn to.
As such, when we look into the safety of an exchange, we are interested in their security policies as it pertains to their coin management, user security tools and of course risk management.
To counter the threat posed by hackers, Bybit operates a secure cold storage solution. This means that they store the bulk of their crypto reserves, and all of the clients' funds, in offline wallets that are stored in a secure "air-gapped" location.
There is only a small portion of their own coins that are kept in their "hot wallets" in order to service the needs of traders when it comes to withdrawals. Moreover, if they ever need to move funds from cold storage, they need to use a multi-signature address scheme.
Multi-signature means that the exchange will need more than one key in order to sign a transaction from one wallet to another. This prevents the risk posed by having a single individual manage all the funds on the exchange.
In order to prevent the risk posed by online snoops and phishing attacks, the Bybit website has full SSL encryption. This means that all passwords and address information that you send them will be encrypted.
This is also helpful in order to spot a phishing site. If you are on a website that looks like it could be that of Bybit but it does not have a secure padlock in the browser, it is an immediate indication that you are on a phishing site and you should leave immediately.
In order to manage the risk posed by shortfalls in futures contract settlement, Bybit operates what they call their "insurance fund".
Essentially, this fund will be used in the case that a trader gets liquidated at level that is below their "bankruptcy price". The latter is the price at which the trader's initial margin has been completely depleted.
Without the fund there would be a shortfall whereby the counterparty to the trade would not be made whole. It is essentially an insurance policy that will protect traders in the case that Bybit is not able to liquidate the position at bankruptcy price or better.
These funds are replenished with the initial margin that liquidated traders have at the outset of their trade. The difference between the price at which the trader is liquidated and the bankruptcy price is how much will be sent to, or taken from, the insurance fund.
Two Factor Authentication
While exchange side protection is one thing, in most cases the biggest threat to a trader's security is themselves. That is why Bybit has included a number of tools that will help protect your account from a hacker with your password.
Google Authenticator App
2FA with Google Authenticator Application
One of the most important tools that they have included is two factor authentication. This means that you will have to use your phone in order to authenticate into your account or send transactions. You have to enable google authenticator before you are allowed to withdraw any coins.
Given that Bybit is a leveraged exchange, it means that they allow crypto margin trades. Traders will only have put up a small percentage of the initial position as collateral for their trades.
This means that if you have a leverage of 100x you will be required to put up a margin of 1% of the initial notional amount of the trade. So, if the notional on a 10BTC contract is $36,000, you will have to put up $360 in initial margin.
Registration Major Pro
: With Bybit, leverage is freely adjustable, meaning that it can be changed even after opening a position, which is something that cannot be done on other exchanges.
What is surprising about the perpetual contracts on Bybit is their size. Each contract is only worth 1USD which is much smaller than the contracts on other exchanges. Below is all the other specifics of their BTCUSD contract.
They have pretty much the same terms on their ETHUSD contracts and you can find more information about that here. This is different from other exchanges such as BitMEX which, contrary to Bybit, does not offer a 100x leverage product for ETH yet.
Bybit also offers futures contracts on Ripple (XRP) and EOS. However, these contracts have lower leverage levels with a max leverage of 25x. This is actually quite interesting as we have not seen EOS futures contracts at other exchanges. This could give Bybit a competitive advantage.
While Bybit does offer 100x leverage on their contracts, this is not constant. If you are a large trader and are entering sizable positions then they will bring down the leverage that you can achieve on your contract.
This protects the exchange from the risk posed by large positions. Below is the table of the BTCUSD risk limits. You can find the ETHUSD, EOSUSD and XRPUSD risk limits on this page.
Position Value Maintenance Margin Initial Margin Max Leverage
150 BTC 0.5% 1.00% 100
450 BTC 0.5% 2.00% 50
750 BTC 2.5% 3.00% 33
1,050 BTC 3.5% 4.00% 25
1,350 BTC 4.5% 5.00% 20
1,500 BTC 5.0% 5.50% 18
As you can see, the maintenance margin is constant at 0.5% for all contract sizes. However, for larger positions, they will increase the minimum initial margin requirement such that there is a much greater shortfall between the liquidation level and the bankruptcy level.
Liquidation is what happens when you have nearly depleted your initial margin and the mark price hits the "liquidation price". In this instance, the trader will be liquidated with the rest of their margin, if any, being sent the Bybit insurance fund.
Bybit operates an Auto Deleveraging system. Essentially, this happens when a position can't be liquidated at a price that is better than the bankruptcy price and the insurance fund cannot cover it. The ADL system will automatically deleverage a position of an opposing trader that is selected according to their defined criteria. You can read more about the ADL here.
While there are many traders who may be upset by a liquidation, it is an important risk management tool in a futures exchange. However, Bybit has a number of tools that will help traders avoid the risk of liquidation. These include the following:
Dual Price Mechanism: In order to prevent the risk of market manipulation on the exchange, Bybit will use a dual price mechanism as the contract reference price. This is composed of the "Mark Price" which triggers liquidation and the "Last Traded Price" which is used to calculate the price at which the position is closed. The former is a global Bitcoin price whereas the latter is the current Bybit market price. Using external pricing inputs reduces singular exchange manipulation.
Auto Margin Replenishment: If you want to make sure that your position will always have adequate levels of margin then you can set it to auto-replenish. This means that whenever your margin is close to being depleted, it will draw on your funds to keep your position open
Stop Loss: This forms part of the order options that we talk about below. Having effective stop losses on your positions will ensure that it never gets down to the liquidation level.
Mark / Spot Price
For those interested, the Mark price is derived from the Spot price. The spot price is a Bitcoin price index that represents the global price. It is comprised of prices on Bitstamp, Coinbase Pro and Kraken. The Mark price is the spot price index plus a decaying funding basis rate
Trading fees are an important criteria for us because of obvious reasons. This is especially true when it comes to a futures exchange where you are paying fees on positions that are much larger than your margin.
Bybit operates what is called a "maker-taker" fee model. This means that they will charge traders a fee if they take liquidity off their books and they will give them a rebate if they provide liquidity to the exchange.
If you place an order and it gets executed immediately you are taking liquidity off the books. This is most of the time through a market order. However, if you place a limit order that is away from the current price you are making liquidity and this will get you the maker rebate. Below are the fees that you will pay for the futures contracts on the exchange. They are the same as BitMEX for BTC but slightly above for ETH (as they propose higher leverage for it) and are below other exchanges such as Huobi. Contract Maker Rebate Taker Fees Funding Rate Funding Rate Interval BTCUSD -0.0250% 0.0750% -0.0447% every 8 hours ETHUSD -0.0250% 0.0750% -0.0447% every 8 hours EOSUSD -0.0250% 0.0750% 0.0100% every 8 hours XRPUSD -0.0250% 0.0750% 0.0100% every 8 hours BTCUSDT -0.0250% 0.0750% 0.0100% every 8 hours The other fees that you will see when you open the trade is the funding rate. This is analogous to an "overnight" rate and it is a financing charge. Given that margin trading is based on "borrowing" positions, you will either pay a financing charge or be receiving it. However, on the contrary of the transaction fees, these fees are directly exchanged between traders and not Bybit.
The funding rate is determined by market conditions and interest rates. This means that it is not fixed and will vary on a daily basis. You will be able to see the funding rate that will apply under the position details when you open your trade.
In terms of deposit/withdrawal fees, Bybit does not charge you anything on this. However, when you are withdrawing your coins you may incur a miner or "network" fee due to the blockchain mining. This is usually quite small though.
Finally, you have a relatively small $5 fee that you will have to pay on any Asset exchange orders for exchanging physical crypto at spot. We explain that below.
Registration If you have decided that you would like to give Bybit a go then you will have to create an account. In order to do this, they will require either an email or phone number, and a password. If you have been given a referral code then you can use this (more on this below).
Once you have registered, Bybit will send you a confirmation code that you will need to use to confirm your email/phone number. This is only valid for 5 minutes so make sure that you do it right after creating the account.
: Something that many traders may appreciate is the fact that Bybit is a fully anonymous exchange. They do not require you to complete KYC before you can trade. This is great for those privacy hawks who are worried about the risks of certain data breaches.
Once you have confirmed your account and logged back in then you could be offered a deposit bonus. These are a great way to augment your trading funds initially. We give you all these details further below.
Deposit / Withdrawal
Bybit is as crypto only exchange. This means that you cannot fund your account in fiat currency. While this may be annoying for some, you can easily convert your fiat currency into Bitcoin on a number of exchanges such as Bitstamp or Kraken.
In order to deposit crypto you will need to generate a wallet address and initiate a transaction into the wallet. You can do this by heading over to your "Assets" section in the header. This will present your wallet balances where you will select "deposit" and it will bring up the BTC / ETH address.
Once you have the address, you can initiate the transaction. It will not be instantaneous as the transaction still has to be propagated through the network and confirmed by the Miners.
: Bybit is quite unique amoung exchanges in that they require only 1 blockchain confirmation to credit your account. You can monitor the progress on a blockchain explorer.
Withdrawals are just as easy...
You will hit the withdrawal button on the applicable asset. It will ask for your wallet address as well as to confirm the transaction through 2FA. You will also be given information on the miner fee that will be applied to the transaction.
Bybit processes withdrawal 3 times a day at 0800, 1600, 2400 (all in UTC time). There are withdrawal limits that are set on the accounts although these are not too restrictive. Below are the min / max limits:
Bitcoin: 0.002BTC / 10BTC
Etherem: 0.02ETH / 200ETH
Ripple: 20XRP / 100,000XRP
Eos: 0.2EOS / 10,000EOS
In order to make sure that they always have funds available on their hot wallet, Bybit also has limits on daily withdrawals in total from the exchange. These are set to 100BTC and 10,000ETH. If this limit is reached, you will have to wait for Bybit to replenish it from their cold wallet.
Binance is a leading cryptocurrency exchange for cryptocurrency traders and enthusiasts looking to buy and sell a wide variety of cryptocurrencies at low fees. Led by its charismatic leader Changpeng Zhao, its defining features are innovation and new features, proactive community, ability to buy bitcoin and altcoins with more than 40 fiat currencies, their own Binance Chain and Binance coin (BNB), Binance Futures and margin trading with up to 125x leverage, and vision to morph into a decentralized autonomous organization (DAO) in the coming future. While its platform is capable of handling a large volume of trades without suffering a significant slowdown in transaction times, it does experience its fair share of issues from time to time, including unexpected maintenances and security vulnerabilities. Despite that, it remains one of the most important exchanges in the cryptoverse. Registration
Binance's core features include: Trade over 180 cryptocurrencies on Binance. Binance is one of the major altcoin exchanges with one of the best selection of tradable assets. Binance Fiat Gateway. Binance lets you instant buy bitcoin and other 15 top cryptocurrencies with 40 popular fiat currencies using bank cards, cash balance, and other payment methods. Besides, you can sell them for some of the supported national currencies, too. Low trading fees. Trading on Binance brings you some of the lowest in the industry. Multi-platform support. Binance is accessible via its web platform, mobile apps for Android (including Android APK) and iOS, and desktop clients for macOS and Windows. Besides, you can make use of Binance API. Binance Futures with up to 125x leverage and margin trading with up to 3x leverage. Trade cryptocurrency contracts and assets with leveraged positions for maximum returns. Around the clock customer support. Binance has a dedicated help center, where you can reach out to the support team or real beginner guides and explanations of all sorts of exchange functions. Binance Launchpad. All customers of Binance can participate in its initial exchange offerings (IEOs). Binance's IEOs are among the most profitable in the industry. Binance Finance. Binance also supports staking, crypto lending, and other means of earning passive income from your crypto assets. In brief, Binance is one of the most innovative cryptocurrency exchanges in the market. Binance developers and global community members continuously work to improve the ecosystem and popularize the use of cryptocurrencies globally. The exchange is a great trading option for both beginners as well as experienced traders. Background Binance is one of the newest, yet best-known major crypto exchanges around. It's been started with a simple idea in mind - provide a simple, intuitive, fast, and robust cryptocurrency trading interface. Registration Background Binance is one of the newest, yet best-known major crypto exchanges around. It's been started with a simple idea in mind - provide a simple, intuitive, fast, and robust cryptocurrency trading interface. Binance exchange review Binance platform homepage. Source: Binance.com Launched in China in July 2017, it has a fine crypto pedigree behind it: founders Changpeng Zhao and Yi He had worked previously at OKCoin exchange, while Changpeng had also been a member of the Blockchain.com wallet team since 2013. Binance cryptocurrency exchange has proven to be one of the most successful ICO (initial coin offering) projects out there. Between July 1-20, 2017, the exchange raised USD 15,000,000 equivalent of crypto from eager investors. In turn, the investors received 100,000,000 of Binance Coin (BNB) tokens issued on Ethereum blockchain (now migrated onto Binance's native Binance Chain). The initial ICO price for one BNB was USD 0.115 per coin. Ever since its launch, Binance has become the largest exchange in terms of the global trading volume. More surprisingly, it achieved this in just six months. It remains near the top today, something which can be attributed to its ease of use, its responsive ability to handle a large number of transactions, global approach to its business and platform accessibility in multiple languages (English, French, German, (simplified and traditional) Chinese, Spanish, Russian, Korean, Vietnamese, Italian, Turkish, Portuguese, Japanese, Dutch, Polish, Malay, and Ukrainian). Although the company was founded in China, it moved its headquarters to Japan in advance of the Chinese government ban on cryptocurrency trading in 2017. In 2018, Binance established offices in Taiwan and announced its move to Malta. However, in 2020, Malta Financial Services Authority (MFSA) clarified that Binance is neither officially registered nor regulated in the country. While Malta remains de facto Binance's headquarters, the company is incorporated in the Cayman Islands and Seychelles. Asides from that, the company has teams in California (United States), London (United Kingdom), Paris (France), Berlin (Germany), Moscow (Russia), Istanbul (Turkey), Singapore, New Delhi (India), Kampala (Uganda), Manila (Philippines), Ho Chi Minh (Vietnam), Jersey, and other locations in Asia. In total, its team is operating from 40+ countries.
Registration Binance review Binance Ecosystem. Source: Binance.com Today, the exchange has over 15 million users and settles more than USD 2 billion on an average trading day. Besides, it has evolved a suite of related products, including: Binance Jersey. A European fiat-to-crypto cryptocurrency exchange that facilitates bitcoin (BTC), ethereum (ETH), litecoin (LTC), Binance coin (BNB), and bitcoin cash (BCH) trades for euros (EUR) and pound sterlings (GBP). Binance US and other localized versions of Binance exchange. Regulated versions of Binance exchange dedicated to certain markets with varying regulatory climates. Binance DEX. Binance's decentralized exchange built on the Binance Chain. Binance JEX. Binance's cryptocurrency futures and options trading platform. Binance Futures. Binance's crypto-derivative platform that lets you trade futures with up to 125x leverage. Binance Launchpad. Binance's crypto crowdfunding platform for launching top-tier initial exchange offerings (IEOs). Binance's launchpad was the first one in the industry and the exchange has popularized the concept. Binance P2P trading. A peer-to-peer crypto trading platform like LocalBitcoins or LocalCryptos that supports payments via WeChat, AliPay, Bank Transfers, and QIWI. Binance Crypto Loans. A feature that allows you to take out crypto loans secured by your cryptocurrency assets. Binance OTC.Over-the-counter trading desk for whales and other large-volume traders. Binance Savings. Ability to employ your crypto assets by lending them out to earn interest. You can withdraw your funds anytime. Binance Staking. Binance staking feature lets you stake certain cryptocurrencies and reap up to 16% annual yield. Supported cryptocurrencies include Ark, EOS, ARPA, TROY, Lisk, LOOM, Tezos, KAVA, THETA, and more. Binance Fiat Gateway. A fiat gateway that lets you purchase cryptocurrencies using your national currency (currently supports nearly 40 fiat currencies.) Binance Chain and Binance Coin (BNB). Community-driven blockchain ecosystem with its own native token (BNB) and decentralized exchange (DEX). Binance USD (BUSD) and Binance GBP stablecoin. Binance's regulated stablecoins, released in partnership with Paxos Trust Company. Binance Academy. An open-access learning hub for blockchain and crypto education resources. Binance Charity. A not-for-profit foundation dedicated to advancing blockchain philanthropy and sustainable global development. Binance Info. An open-source crypto encyclopedia. Binance Labs. Binance's infrastructure impact fund and initiative to empower blockchain projects. Binance Research. Institutional-grade research platform conducting analysis for investors in the crypto space. Trust Wallet. An official, secure, and decentralized wallet of Binance. Binance Cloud. Enterprise cryptocurrency exchange solutions for cryptocurrency ventures. Binance Card. A crypto payment card that can be used as a payment option for everyday purchases just like a regular bank card. In 2019 and 2020, Binance made headlines for going on an acquisition streak and acquiring India's largest cryptocurrency exchange WazirX, Chinese dapp analytics platform DappReview, and the most popular cryptocurrency market data aggregator platform CoinMarketCap. In the future, Binance has ambitious goals of morphing into a decentralized autonomous organization (DAO), enabling fiat-to-crypto trading for more than 180 fiat currencies, and fully open-source Binance Chain and its native Binance Coin (BNB). Supported countries and Verification Binance exchange is a global cryptocurrency trading company that operates in more than 180 countries. The only restriction applies to countries on economic sanctions lists or people on the U.S. Commerce Departments "Denied Persons List." The United States citizens and residents can use the Binance US exchange. Other locations with a local version of the Binance exchange include Binance Singapore, Binance Uganda, and Binance Jersey. Verification procedures and requirements vary according to your jurisdiction. First-time customers must go through one-time Know-Your-Customer (KYC) verification. It requires you to submit the following documents: Government ID document (passport, ID or driver's license) Residential address document (utility bill) Verification is also fairly straightforward and quick, with Binance responding promptly to the submission of verification documents. That said, taking a selfie while holding up an ID document and a piece of paper with "Binance" and the date written on it is a very tricky maneuver. Without verifying your profile, you will be limited to withdraw up to 2 BTC per day. After verification, you will be capable of withdrawing up to 100 BTC daily. Even without profile verification, the exchange's security systems may trigger mandatory verification upon funds withdrawal, which has happened to several unverified customers before. Registration As such, Binance is not a recommended exchange for users seeking to strengthen their online security with privacy. Binance Trading Fees Depositing funds is entirely free with Binance. It is, however, a slightly different story with trades and withdrawals, although these remain among the cheapest in the crypto industry. Binance takes a 0.1% cut of every trade that takes place on its trading platform, making it one of the cheaper crypto exchanges on the web. As such, 0.1% trading fees apply to both spot trading and margin trading For example, Coinbase Pro charges 0.5% for any trade, while Bittrex charges 0.2% fee per trade. Other popular altcoin exchanges like KuCoin and HitBTC charge similar rates. KuCoin matches Binance's trading rate of 0.1% per trade, while HitBTC charges 0.1% for market makers and 0.2% per trade for taking orders. Exchanges like Poloniex or Kraken are more expensive, too, as they are 0.15%-0.16% maker fee and 0.25%-0.26% taker fee. You can also get significant trading fee discounts for using Binance Coin (BNB) (up to 25%), referring friends (up to 25%). Together, they make Binance one of the cheapest exchanges in the industry. https://cryptocurrencyreviews.eu/Binance-is-a-leading-cryptocurrency-exchange-for-cryptocurrency-trader-Binance-04-17