Binance is an cryptocurrency trading platform like Bittrex or Poloniex. Binance is a new platform launched in July 2017 in Shanghai. It was developed by a team from China and run by Changpeng Zhao (CEO).
Eight months since its official launch, Binance and its potential have yet been acknowledge by investors. As observed, the volume of transactions in Binance is enormous. The number in December 2017 only has “wind-up” from $500 million per day to several billion dollars, which surpass it opponent Bittrex. The trader mostly came from USA, China, and Japan. Ever since the CMT from CyberMiles listed in Binance, Binance is considered to be the 1st choice of those who seek low-cost Coin Exchange platform.
Talking about the Binance’s advantages, a modern interface, easy to use, and “almost-free” transaction fees are definitely a “win-point” to investors. Overall, Binance platform has great potential and has already beaten two of its junior - Bittrex and Poloniex - in transaction volume
“Almost-free” transaction fees? Binance trading fees are listed as follows:Default transaction fee: 0.1% (Bittrex and Poloniex fees are 0.25%)
Special transaction fee: 0.05% (applied when using BNB coin to pay fees)
Whenever investors visit Binance, A dancing flowing chart is there to welcome. Its unique interface sure attracted, still, its job is to help you keep track of what going on in Binance.
If you are interested and want to join Binance, all you need is a verified account. Binance also offers to raise withdrawal limit once your account and identity verified.
A detailed guide of Binance will be posted in my next article. So stay tuned!