Here are five key points that characterize **Binance**:
1. **Wide selection of cryptocurrencies**: Binance offers a wide range of cryptocurrencies, from the most popular ones like Bitcoin (BTC) and Ethereum (ETH), to lesser-known altcoins. This attracts a wide range of traders, from beginners to experienced investors.
2. **Competitive transaction fees**: Binance is known for its relatively low transaction fees, especially for users who hold and use its own cryptocurrency, Binance Coin (BNB), to reduce fees.
3. **Advanced trading platform**: It offers advanced trading features, such as real-time charts, limit orders, futures, margin trading, and options, allowing traders to have precise control over their trades.
4. **Security**: Binance implements several security measures to protect users’ funds, such as two-factor authentication (2FA) and an insurance fund to cover losses in the event of a hack.
5. **Global Accessibility**: Binance is accessible in many countries and offers multiple languages, making it one of the most widely used cryptocurrency trading platforms in the world. It also offers a user-friendly mobile version and a simplified interface for new users.