The cryptocurrency market is volatile. It’s important to have a safe place to trade your coins for other cryptocurrencies or fiat currency and binance is currently considered as the safest exchange on the internet. As a leading cryptocurrency exchange, binance has grown to become one of the most popular exchanges in the world. It has over $2 billion in daily trade volume and it is growing by thousands of users per day. The company has made various efforts to protect its customers’ investments by requiring all withdrawals to be confirmed with a security code sent via text message. It offers high liquidity and allows users to buy or sell coins with several fiat currencies as well as other cryptocurrencies.
Let us have a look at some reasons why you should use Binance as your cryptocurrency exchange platform instead of other exchanges.
- It Offers A Variety Of Coins That You Can Trade On The Platform –
The number of currencies accessible for buy and sale on Binance has expanded to more than 250, according to binance reviews, with new ones being introduced on a regular basis. While the platform is mostly known as a crypto-to-crypto exchange, it also supports stable coin deposits & withdrawals which means you can now buy or trade Steem Dollars (SBD) , Tether (USDT), Paxos Standard Token (PAX) and TrueUSD.
- Binance Has The Lowest Fees Of Any Exchange –
Binance’s fee structure is also very unique. The company charges a flat 0.05% on all trades, regardless of how many coins you buy and sell. It has extremely low withdrawal fees when compared to other exchanges that offer fiat currency trading pairs. At Binance you can withdraw up to 100 BTC for free each day so if you were withdrawing large amounts like 1000’s of dollars every week/day then the savings really start adding-up fast due to Binance’s low withdrawal limit & fee rates.
- It’s Easy To Use And Navigate –
When it comes to finding an exchange that is easy enough for beginners but also powerful enough for experienced traders, Binance hits the mark. The layout of their platform is extremely intuitive and user friendly with clear instructions on how to move around between different pages/sections of their website. The exchange takes the complexities of trading and makes it easy for beginners to buy cryptocurrency quickly without too many difficulties.
- It’s Very Secure –
Binance is one of the only exchanges so far which hasn’t been hacked or had any major security breaches since they started operation in July 2017, something you wouldn’t see with other big name cryptos like Coinbase . It uses two-factor authentication (also known as “two factor verification”) – an extra layer of protection where users input their password AND another form of ID before being able to login successfully; making your account incredibly safe & secure. This small step adds additional safety when logging into your account by requiring more than just your password.
- You Can Trade Any Time Of The Day, Including Weekends And Holidays –
Binance provides 24/h service and support which means that you can buy or sell coins any hour of the day. This is an advantage over traditional exchanges like Nasdaq where trading hours are restricted on weekends and during public holidays.
- There Is No Minimum Deposit Amount Required To Start Trading On Binance –
When you use Binance to exchange cryptocurrencies, there are no minimum deposit limits. This means that users can trade even with very small amounts of money in their accounts.
- Binance Offers Mobile App For Ios And Android –
When trading on an exchange, many traders prefer having a mobile-friendly platform so they can check prices or make trades anytime from anywhere in real time . User experience is key in today’s fast moving world! In this case, if you want quick access to your account without logging into a computer then Binances’ new IOS/Android App will be perfect for you as it allows all its services through an application – including deposits , withdrawals , login / register etc. along price charts and other trading tools.
- Fast Transaction Processing Times –
Binance has one of the fastest processing times for transactions. Deposits are free, quick and easy to make through a wide range of payment methods including credit card or wire transfer. It has a very high throughput and matching engine; it can process up to one million orders every second. This means that your coins will be delivered quickly and efficiently when you want to withdraw them from the platform. The speed of this exchange is unmatched by most other exchanges, which makes trading with Binance much more efficient than trading other coins through other exchanges.
- High Liquidity –
One of the most significant benefits it provides is high liquidity because its daily trading volume exceeds $100 million per day. This allows the company to reduce the amount of slippage when trading with a limit order, which means you receive a higher percentage of fill at your desired price.
Binance should be your first pick if you want to trade cryptocurrencies on an exchange with reduced fees, good liquidity, and is secure.