What is Binance Cryptocurrency Exchange?
Binance is the world’s most popular cryptocurrency exchange, where users can trade and exchange popular cryptocurrencies.
Binance allows only certain cryptocurrencies to be listed on the exchange, this eventually helps users from trading random coins and preventing them from further losses.
The binance exchange has various trading features optimized for traders that includes
Markets
Exchange
Futures
Earn
Buy-Sell Crypto
All of these features will be explained as we move further with the review
Markets
The markets feature in the binance exchange helps in understanding the price, 24 hr volume, market cap, etc of each cryptocurrency listed on the exchange.
Traders can compare any altcoins with BTC, ETH, USDT and some of the other featured cryptocurrencies
Check out the binance market feature HERE
Exchange
Exchange is the main feature of binance that allows users to trade cryptocurrencies.
The exchange feature includes 3 types of trading
- Basic Trading
- Advance Trading
- Margin Trading
Basic and advanced trading are almost the same but the advance trading feature extra tools, for example, a bigger chart to understand how is a particular coin performing
Advance Trading
Margin Trading
Binance has recently allowed the margin trading facility in binance, that allows users to participate in.
Margin trading involves risk and should be understood properly before using this trading facility.
Know more about binance margin trading HERE
Futures Trading
Binance also has a future trading facility that allows trading Bitcoin ETH and EOS futures contract with USDT
Earn
The binance earn facility is a feature that allows the users to earn through lending and staking.
Lending
The lending feature basically allows users to deposit 3 coins that are BTC, BND, and USD, and earn a percentage of annual return.
Staking
Binance provides a platform for users to stake their coins.
binance currently has 11 coins that a user can stake.
Buy-Sell Crypto
The buy-sell crypto is the last feature of binance that allows users to purchase and sell cryptocurrencies with fiat money.
Binance has partnered with various channels that allow users to purchase and sell cryptocurrencies with fiat.
Some channels also has the credit and debit card features to purchase cryptocurrencies.
The Buy-Sell Crypto feature is only limited to few cryptocurrencies that mainly include BTC, ETH, BNB, AND USDT, also depending on the channel.
Binance Academy
The binance academy is a very interested and cool tool that is provided by binance.
Users can learn and understand about blockchain technology, cryptocurrencies and other cool stuffs after completing the free course provided by them.
Anyone can participate in this course.
Trust Wallet
Trust wallet is a mobile wallet for cryptocurrencies that is officially owned by binance.
Trust Wallet allows access to decentralized applications and also supports ERC20 and BEP2 tokens.
This post was orignally published by us at https://blockchaintrends.io/what-is-binance-cryptocurrency-exchange/