Binance is truly a global cryptocurrency exchange. It came up in 2017 and trades more than 100 cryptocurrencies. It was founded in China, but due to operational problems (the Chinese ban on cryptocurrency trading); it moved its headquarters to Japan the same year.

In terms of trading volume, it is one of the biggest. Perhaps that is the reason why it offers the lowest prices as compared to other well-known exchanges like Kraken, Bitstamp, and Bitfinex etc. Let us see this in detail.

binance price

Major Reasons that Make Binance Price Lower Than Others
The Binance coin is known as BNB and trades at one of the lowest prices as compared to other exchanges. For example if we compare it with Bitstamp for the Taker Fee, it is about 0.25 % for the highest slab at Bitstamp, while it is only 0.1% at Binance. And this will mostly be the trend if we compare it with other exchanges, and if we compare it for other fee like withdrawal fee, fiat conversion fee etc. Also, if you compare Binance will usually show quite a bit lower value for a coin price in USD as compared to other exchanges. But what are the reasons, let us explore.

1. The token price is based on the USDT value and not the USD value and this is a very important point to consider when you are checking and comparing the prices. The prices at Binance are still lower, than but not as much as they seem to be in the first glance.

2. Binance is less volatile: That means the traders can take a little time for decision making, and the transaction time can also be compensated a bit. So this gives Binance good market reputation, and in turn a higher value for the BNB against USD.

3. Huge trading volume: Binance is definitely known for one thing among the others. It’s huge trading volumes and the number of cryptocurrencies that it supports. So there is a cycle effect that the volumes stabilize the low prices that it offers and the low prices lead to higher volumes back again.

4. Binance Competitions: Binance is an organization that regularly holds competitions, which reward a lot of Binance coins, or related awards which are useful in trading cryptocurrencies. So the overall Binance price comes down.

binance exchange

Why do you Need Professionals?
In the first glance you might fell that the BTC/USD prices on say GDAX are mostly 300-500 dollars higher than that on Binance. And that is a lot of easy money. However, if you notice it in a more precise form, you would see it is BTC/USD on GDAX and BTC/USDT on Binance. But that does not mean that price variations do not exist. However, in order to tap these price differences, you must factor in a lot of other parameters, like the right time, the right amount, which cryptocurrency to trade, whether to trade on Binance and Bitstamp or Binance and Bitfinex etc. So there are a lot many complications that need an address. That is where companies like executium.com fit in, to give you real and holistic pictures of the trade and the market scenario. Executium.com is an easy to use online platform, that will help you make maximum profits with the minimum efforts. If you want to capitalize on the lower prices at Binance, tell them your focus of investing and executium.com shall do the needful.