History
Binance Trading System was officially launched in July 2017 following a successful Initial Coin Offering.
Since then, the system has been making the experience for beginners easy by providing them with both basic and advanced interfaces for the exchange platform. Binance has been offering them Margin Trading and other complex interface options for professional traders.
So, whether you are starting out or are already a professional, Binance has something great for you. You get to utilize a wide variety of digital features that make handling of both easy and complex operations easy. In fact, trading on the platform is always straightforward. Buy and sell crypto with extreme ease.
Binance Trading System Features
The platform deals in a wide variety of crypto currencies- actually over 90- including BTC,APPC,NEO, XRP, ZRX,BNB,ELF,ICX,POE,DASH,USDT, ETH, TRX, XVG, and NEG.
The deposit method involved at Binance is purely crypto currencies, with a trading fee of 0.1 percent. It's worth noting that the system does not charge any deposit fees, but talk of withdrawals and fees varies depending on the amount being withdrawn.
Getting Started with Binance
All users or beginners have to do to get started out is download the Binance application and then create an account at absolutely no cost. Different currencies are charged differently when withdrawing.
To reduce the transaction charges when trading, it is good that users utilize the BNB token, a digital asset that alleviates transaction fees as follows: 50% in the 1st year, 25% in the 2nd year,and so on. However, even though it is tradable on the platform, its value keeps on fluctuating.
So you want to start trading? View the markets on the platform app after logging in and activating your account.
From there, you can choose to deposit funds in the supported currency you wish to use, and after confirming the transaction, you can now proceed to trading. Choose the trade you want. As mentioned earlier, you can purchase BNB tokens either through bitcoin or ethereum.
From there, choose a trading pair, enter the amount of cryptocurrency you would like to buy, then the price you'd want to pay for it, and finally press the 'Buy' tab. Your transaction will be completed!
Is Binace Secure?
Trading in Binance is very secure as users must always verify their account after activating either Google Authentication or SMS Authentication. On their end, the platform includes high class security protocols such as CCSS and ISO certification.
Advantages
-Supports over 90 cryptocurrencies
-Tradable BNB tokens that also reduce transaction fees.
-High processing speed (about 1.4M transactions/second) basic and Advanced exchange view
-Liquidity is high with Binance
-Generally low transaction fees
-Users enjoy reward programs
Vision
Apart from the additional features that Binance is planning to roll out in the near future, it's also anticipating incorporating support for such features as anonymous exchange, spot trade, and a decentralized exchange.
