Since the launch of Bitcoin, the world has seen many changes along the way. It had an open-source code that encouraged other developers to develop similar projects that rely on blockchain technology during transactions. Therefore, BTC’s maker Satoshi Nakamoto became the pioneer of the crypto space.
Cryptocurrencies function like fiat but in a digital and more decentralized manner. They can be traded for fiat through exchanges or traded between two people. Binance is the world’s leading crypto exchange in daily transaction volume, making it necessary for crypto enthusiasts to learn how to use i.
Which Cryptos and Crypto Services Does Binance Offer?
Binance has listed over 365 cryptocurrencies for the global market but only allows 65 to trade to American nationalists due to the strict financial rules of their financial watchdogs. It is a good tool for pro crypto traders as it offers real-time charts with moving averages and exponential moving averages. Users can access it through the mobile app, official website, and desktop app.
Additionally, it offers different order types, including stop orders, limit orders, trailing stop orders, stop market orders, and stop-limit orders. It also allows users to choose different trading views ranging from classic to OTC and margin views. However, Binance.US lacks most of these features to prevent risky trading practices.
It also has a maker/ taker fee structure that varies according to trading volume and Binance Coin balance. The system is optimized to charge lower for higher-volume traders. It also offers free discounts for the following:
Using Binance coin (BNB) in trades
Referrals
Hitting VIP status for trading a set amount of assetst.