Binance: Was its founding a calculated adventure or an explosion of success that had not occurred to the human mind?
The establishment of the Binance platform was a remarkable success and not just a calculated adventure. After its establishment, the Binance platform was considered one of the largest and most famous digital currency trading platforms in the world. It was able to create a large community of users and provide various and advanced services for trading and investment.
Do you have any other questions about Binance or cryptocurrencies? I'm here to help!
1. Introduction to Binance
Binance is one of the largest cryptocurrency exchanges in the world. It has succeeded in providing a unique experience for investors through a wide range of innovative services.
Binance platform founding date and most important founding figures
Date of establishment:
Founded in July 2017, Binance is a cryptocurrency exchange that has quickly become one of the largest in the world in terms of trading volume.
The most important founding figures:
• Changpeng Zhao (CZ):
He is the founder and CEO of Binance. He has extensive experience in developing financial systems, having previously worked at Blockchain.com as CTO and co-founded other technology platforms.
CZ is a prominent figure in the cryptocurrency space and has played a major role in the global adoption of these technologies.
He Yi:
She is the co-founder of Binance and a former TV presenter and marketing professional. She has helped build the platform’s global presence by developing strong marketing strategies and building trust with users.
Since its inception, Binance has evolved significantly to offer multiple services in the world of digital assets, such as trading, savings, futures, and staking.
2. Registration and verification
To register, the user needs an email and phone number. Verification requires providing identity documents to ensure account security and meet regulatory requirements.
3. Binance Services
• Cryptocurrency trading: The platform supports hundreds of currencies such as Bitcoin and Ethereum with advanced analysis tools.
• Futures: Allows leveraged trading to achieve greater profits, with calculated risks.
• Savings and Lending: Programs like Binance Savings allow users to earn interest on stored assets.
• Staking: An opportunity for users to earn rewards by securing networks with cryptocurrencies.
4. User Interface
Binance's interface features an easy-to-use design and excellent organization, making it suitable for both beginners and professionals.
5. Security
Binance follows the highest security standards, such as two-factor encryption and two-factor authentication, to ensure users are protected.
6. Mobile Applications
Binance offers apps for Android and iOS, allowing users to trade at any time.
7. Fees and costs
The platform features low trading fees starting from 0.1%, with additional discounts when using BNB.
8. Customer Service
Binance provides support via live chat and help center, which makes it easy to solve problems. This particular topic is formally acceptable, but in reality, it is a struggle until customer service responds to you, unlike the faster Forex platforms in customer service.
9. Advantages and disadvantages
• Advantages: Diversity of services, security, support for a large number of currencies.
• Disadvantages: Some complexity for beginners, regulatory restrictions in some countries.
10. Future Developments
Binance is looking to expand globally and introduce more innovations such as artificial intelligence and boost crypto adoption.
