About Binance Exchange
Binance is a world-leading cryptocurrency exchange that launched in 2017 and has one of the most competitive trading fees in the crypto market. If you are looking to trade crypto-to-crypto or a one-stop-shop that allows fiat-to-crypto and a great selection of cryptocurrencies, Binance has you covered with more than 160+ cryptocurrencies and tokens listed on its exchange.
With the option of choosing between a basic and advanced interface, Binance makes it very easy for both beginners and moderate users to trade crypto across the world.
Native Binance Mobile App
One of the reasons for Binance being a great platform for trading crypto is because of its mobile experience on iOS iPhone and Android. Binance has its own native app that gives you a tailored trading solution, over any mobile device.
Payment Methods & Trading Fees
Until recently, Binance only accepted cryptocurrency deposits, however now users can purchase up to 6 cryptocurrencies with debit and credit cards (Visa and MasterCard). These are the following cryptocurrencies you can purchase with fiat:
- Bitcoin (BTC)
- Ethereum (ETH)
- Binance Coin (BNB)
- Litecoin (LTC)
- Bitcoin Cash (BCH)
- Ripple (XRP)
When it comes to trading fees, Binance crypto exchange is without a doubt one of the leading exchanges with a flat rate of 0.1%. If you choose to pay your trading fees in Binance own token called BNB then you receive an additional 25% discount on trading fees on top of the already low rate.
Service & Binance Customer Support
Just like the rest of the Binance experience, there is not much to complain about their customer support that’s available over email. Their response time is within a respectful timeframe and do their best to solve your inquiry. We have yet to encounter a bad customer experience with support when communicating in English.
Margin Trading
As a Binance user, you as a user can leverage crypto position to access greater sums of capital to trade with. Margin trading is most commonly used on the Forex market but is also popular in the stocks and cryptocurrency market.
Please note when margin trading comes with fees and great risks as it can amplify bigger losses on your investments and capital.
Conclusion – Is Binance Safe?
If we look at Binance overall as a trading platform, Binance is on the leading forefront with many features and they continue to improve their exchange. With their support of nations world-wide, low trading fees, possibility for fiat to crypto purchase, this is more than you can say about their competition.
We would recommend Binance for anyone looking to invest in altcoins or do more advanced forms for trading. With its low trading fees and two versions of the graphical user interface, Binance got something for anyone looking to trade Bitcoin or any other cryptocurrency.