Binance is a leading cryptocurrency exchange for cryptocurrency traders and enthusiasts looking to buy and sell various cryptocurrencies at low fees.
The defining features are innovations and new features, a proactive community, the ability to buy bitcoin with more than 40 existing currencies in the world, Binance Chain and Binance coin, Binance review Futures and margin trading with their own.
While the platform can handle large trading volumes without experiencing a significant slowdown in transaction times, it does experience its fair share of issues from time to time, including unexpected maintenance and security vulnerabilities. Despite this, it remains one of the most important exchanges in the crypto-verse.
Binance core features include:
• Trade over 180 cryptocurrencies on Binance. Binance is one of the major bitcoin exchanges with one of the best selections of tradable assets.
• Binance gateway allows you to instantly buy bitcoin and other top 15 cryptocurrencies with 40 popular currencies using bank cards, cash balance, and other payment methods.
• Low trading fees. Trading on Binance gets you some of the lowest in the industry.
• Multi-platform support. Binance is accessible via its web platform, mobile apps for Android and iOS, and desktop clients for macOS and Windows.
• Binance Futures with up to 125x leverage and margin trading with up to 3x leverage. Trade cryptocurrency contracts and assets with leveraged positions for maximum returns.
• Round-the-clock customer support. Binance has a dedicated help centre, where you can contact the support team or a true beginner guide and get explanations of all types of exchange functions.
• Launch of Binance. All Binance customers can participate in the initial exchange offering (IEO). Binance’s IEO is one of the most profitable in the industry.
• Binance Finance. Binance also supports staking, crypto lending, and other ways to earn passive income from crypto assets.
In short, Binance is one of the most innovative cryptocurrency exchanges on the market. Binance developers and members of the global community are constantly working to improve the ecosystem and popularize the use of cryptocurrency globally. Exchanges are a great trading option for beginners as well as experienced traders.
Supported Countries and Verification
Binance exchange is a global cryptocurrency trading company with operations in over 180 countries. The only restrictions apply to countries on the U.S. Department of Commerce’s “Rejected Persons List” list of economic sanctions.
United States residents and residents can use the Binance US exchange. Other locations with localized versions of the Binance exchange include Binance Singapore, Binance Uganda, and Binance Jersey.
Verification procedures and requirements vary according to your jurisdiction. First-time customers must go through a one-time Know-Your-Customer (KYC) verification. It requires you to submit the following documents:
• Government ID document (passport, ID or driving license)
• Residential address document (utility bill)
Verification is also quite easy and fast, with Binance responding immediately to submissions of verification documents. That said, taking a selfie holding an ID document and a piece of paper with “Binance” and the date written on it is a very tricky manoeuvre.
You will be limited to withdrawing up to 2 BTC per day without verifying your profile. After verification, you can withdraw up to 100 BTC daily. Even without profile verification, the exchange’s security system can trigger mandatory verification on withdrawals, which has happened to some customers who have not been verified before.
Binance is not a recommended exchange for users looking to strengthen their online security with privacy.
Withdraw Binance
In Cryptocurrency, many traders how to withdraw their funds after making a profit.
However, usually, novice traders do not know how to withdraw funds, especially when they first withdraw.
In addition, the method of withdrawing funds on Binance is different from other platforms. If it’s your first time trying the Binance platform, don’t be surprised if you find it a little difficult.
So, how do I withdraw on Binance? Easy! If you don’t know-how, you can see the explanation on how to withdraw Binance.
What is Binance P2P?
Simply put, Binance P2P feature allows buyers and sellers to make transactions without any middlemen so that you can safely buy and sell crypto assets there.
Binance has a crypto fund storage mechanism involved in pending transactions for security. This mechanism prevents incidents of theft and fraud from occurring.
How to Deposit or Buy Crypto on P2P Binance
1. log in to the Binance App
The first step, of course, is to log into the Binance P2P application first.
The trick is to click the login / Register menu in the upper right corner.
Then enter your email and password and follow the login process until it is complete and enter your Binance account.
2. GotoHomepage
Then go to the home page and select the P2P Trading menu.
3. Enter P2P Page
Then you will be redirected to a P2P page. For example, select the Buy page and select USDT to buy. At the bottom, there are some USDT sellers. You select which one you want to buy and click Buy.
4. Enter the Amount of USD
Enter the amount of USD you want to buy or exchange with Cryptocurrency, then click Buy USD, and you will be directed to the Pending payment page. In this section will be given time to complete the Payment.
Please select a payment method and click Payment has been made or Next Transfer after making a payment transfer.