Binance is a leading lowest fee crypto exchange that offers a platform for buying, selling, and trading digital assets. With its headquarters in Malta, Binance was founded in 2017 and has since become one of the largest and most popular exchanges in the world.
The platform supports a wide range of cryptocurrencies, including Bitcoin, Ethereum, and numerous altcoins, and is known for the fast processing of trades, and a strong commitment to security.
In addition to its core exchange services, Binance also offers a suite of other tools and services, such as a fiat-to-crypto platform, and its own token, Binance Coin (BNB), which provides users with discounts on trading fees and other benefits.
Binance made it to our #1 spot based on a range of factors, including the number and variety of cryptocurrencies supported, fees, trading experience, products and services available for general use. Let’s explore them below.
Binance supported coins
With more than 350 cryptocurrencies available on its platform, Binance is one of the best rated crypto exchanges for every type of investor. Whether you are looking to trade the most popular cryptocurrencies like Bitcoin and Ethereum, or you are interested in exploring some of the more niche altcoins, Binance has you covered.
However, it is important to note that not all of the cryptocurrencies available on Binance are accessible to users in the United States. While international users have access to a wide array of digital assets, only about 150 are available for trade in the U.S.
In addition to supporting a wide variety of cryptocurrencies, Binance also offers support for multiple fiat currencies. This includes USD, EUR, AUD, GBP, HKD, and INR, making it easy for users in different countries to buy and sell cryptocurrencies using their local currency. This is especially useful for international users who may not have access to bank accounts that support USD or other major currencies.
Binance fees
Binance is a crypto exchange with lowest fees, making it a popular choice for traders who want to maximize their profits.
The fees charged by Binance are among the lowest in the industry, and even U.S based users will find that Binance’s fees are lower than what they would see on other leading platforms. This is good news for traders who want to keep their costs down, as lower fees mean more money in their pockets.
Another way to save on fees is by using Binance Coin (BNB) in trades. Binance offers fee discounts to users who choose to pay with BNB, making it an attractive option for those who are looking to minimize their costs.
In addition to using BNB, users can also benefit from referral bonuses and reach VIP status by trading a certain amount of assets. These benefits can help to reduce the fees you pay even further, making Binance an even more attractive option for traders.
Finally, it’s worth noting that trading Bitcoin on Binance has a 0% fee. This is a significant benefit for Bitcoin traders, as it means that they can trade this popular cryptocurrency without paying any additional fees.
Binance trading experience
One of the key features of Binance is its real-time charting tools, which include moving averages and exponential moving averages. These tools allow traders to track price trends and identify potential entry and exit points, making it easier to execute trades with confidence.
Traders can access Binance’s trading tools through the Binance mobile app, Binance website, or Binance desktop app. This means that you can trade from anywhere, at any time, and on any device.
Binance also provides a range of order types, including stop order, limit order, stop-limit order, stop-market order, and trailing stop order. This allows traders to execute trades in the way that best suits their needs, whether they are looking to limit their risk or take advantage of price swings.
In addition to these order types, Binance also offers a choice of different trading views, ranging from classic to margin and OTC views.
It’s worth noting that many of the features available on Binance may not be available in the U.S., including margin trading and some of the order types.
Binance products and services
Binance Liquidity Farming: Binance Liquidity Mining is a liquidity pool developed according to the AMM (Automatic Market Maker) principle. Like any other DeFi swap, it consists of different liquidity pools, each containing two digital tokens. You can provide liquidity in the pool, become a liquidity provider, and earn transaction fees and BNB rewards.
Auto-Invest: Auto-Invest allows you to automate crypto investments and earn passive income. This is a dollar cost averaging (DCA) investment strategy. You can choose which cryptocurrencies to buy on a daily, weekly, fortnightly or monthly basis.
Staking: You can participate in DeFi Staking projects and earn high returns easily and safely. You can also stake Ethereum as low as 0.0001 ETH.
Margin trading is a method of trading assets using funds provided by a third party. A margin account gives traders access to more capital than a regular trading account, allowing them to leverage their positions
Crypto Derivatives: Options are standardized contracts that allow investors to trade an underlying asset at a specified price by a specified date (expiration date) without having to do so. Futures contracts, by contrast, require the contract holder and the issuer to buy or sell the underlying asset at a specified date in the future.
Crypto Loans: Binance Crypto Loans offers a wide range of loanable and collateralized crypto assets at competitive rates.
