We Translate Bitcoin to Plain English Main Menu Buy BitcoinMenu Toggle Buy Bitcoin with PayPal Buy Bitcoin with credit card Buy Bitcoin with debit card Buy Bitcoin with Apple Pay Buy Bitcoin with a bank account Buy Bitcoin with cash Buy Bitcoin Anonymously Get a WalletMenu Toggle Bitcoin Wallet Apps Hardware WalletsMenu Toggle TREZOR One TREZOR Model T Ledger Nano S Ledger Nano X Bitcoin Paper Wallet Trade CryptoMenu Toggle Best Crypto Exchange Sell Bitcoin (BTC) Buy Ethereum (ETH) Buy Ripple (XRP) Buy Cardano (ADA) Buy Binance Coin (BNB) Buy Polkadot (DOT) Buy Chainlink (LINK) Buy Litecoin (LTC) Earn CryptoMenu Toggle Bitcoin miningMenu Toggle Hardware Bitcoin Mining Calculator Cloud Mining Staking crypto Lending crypto DeFi Best Bitcoin casinos Crypto affiliate programs You are at: Home » Bitcoin Exchanges » Binance Review Binance Review and Comparison By: Ofir Beigel | Last updated: 1/26/21 Binance is one of the leading trading platforms around, with over 200 coins supported for deposit and withdrawal. In this review I’ll cover the main things you need to know before signing up. Don’t Like to Read? Watch Our 2 Minute Binance Review Binance Review summary Binance is a crypto trading platform that offers one of the most competitive rates around. Whether you’re a beginner or a seasoned trader looking to trade crypto, this is probably the easiest and cheapest way to go. The platform accepts users from around the world and has received favorable reviews from the crypto community. Recently the exchange has also partnered with 3rd party companies such as Simplex to allow credit card and wire transfer purchases of cryptocurrencies at a premium. Finally, US users can trade on Binance-US which is compatible with US trade regulations. That’s Binance in a nutshell. If you want a detailed review of Binance keep on reading, here’s what I’ll cover: Binance Overview Binance Services Exchange Trading platform Futures & Derivatives Financing Currencies and Payment Methods Binance Fees Buying Limits Supported Countries Customer Support and Reviews Binance vs. Other Exchanges Frequently Asked Questions Conclusion – Is Binance Safe to Use? 1. Binance Overview Binance is a Hong Kong–based cryptocurrency exchange launched by developer Changpeng Zhao (aka CZ) in July 2017. Zhao’s company Beijie Technology created the exchange after a successful ICO that raised $15 million. Investors who invested in the ICO got Binance Coin (BNB) in return which can be used to trade cryptocurrencies and pay for fees on Binance. BNB’s initial value was around $0.1, and as Binance got more and more popular the coin appreciated in price. Beijie Technology and its founder maintain an impressive track record within the industry. Zhao’s CV includes high-profile positions, such as technical director at Blockchain.com, and his company now provides trading systems for over 30 other platforms. Following struggles with the Chinese government’s views on cryptocurrencies, Binance now runs its servers from more lenient states, providing it with the freedom to run a competitive exchange service: “In response to China’s decisions, we are moving our IP’s from Hong Kong to an offshore location. So we are registered in multiple locations and we have people in multiple locations. That way we will never be affected by one regulatory body,” explained Zhao. The trading exchange has been experiencing astounding success since its summer launch, and it now sits around the top ten in terms of 24-hour trading volumes on Coinmarketcap.
Read more: Binance Review - 5 Things to Know Before Signing Up (2021 Updated) | 99Bitcoins
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Topic: Binance Overview (Read 584 times)