Binance is a popular cryptocurrency exchange whereby you can buy, sell, trade and even invest your cryptocurrency. As far as exchanges go, Binance is definitely feature-packed to satisfy even the most discerning of traders.
At first look, Binance is a feature-rich cryptocurrency exchange that allows trading and exchange of cryptocurrency using their web page, Android or iOS app. Binance was founded by Chengpeng Zhao who managed to grow the exchange to become the largest on the planet in just under 180 days. In terms of trading volume, Binance is still the world’s largest and most liquid according to Coinmarketcap.
Since registering with Binance, I’ve been using the app and web interface regularly. The experience has been smooth and without any hitches so far. Trades were conducted at lightning speed with multiple pairs available. I have also bought USDC for my Matrixport portfolio via Binance and there were no issues in transferring funds and cryptos in and out of the marketplace.
That being said, Binance is still a custodial exchange which means your cryptos are held in the exchange’s wallet. If in the unfortunate event Binance gets hacked, you might lost your funds. Always transfer your idle funds to your own wallet or a cold wallet whenever possible.
Sign Up For Binance
If you want to get into the world of crypto, having Binance in your arsenal of tools is a must. Sign up for Binance account through Fiholic and get 5% rebate off every trade you make!