We tell you why Binance is the number one Exchange in 10 points

Since Binance first arrived at the top of the exchange lists on December 17, 2017, when it surpassed the US $ 4 billion in negotiated cryptocurrencies, the platform has left no stone unturned.oints.

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Breaking any speed record, going from zero to first in just five months, has elevated Binance to the "superstar" category within the largest crypto exchanges worldwide.

And although opinions obviously vary, depending on who you ask, these are the ten reasons (surely your most staunch fanatics will find more) why Binance is number one in the preference of the majority and, according to the day, in the lists of exchanges by volume.

1- Binance lists more than three hundred cryptocurrencies

Binance has more than 300 major currencies and altcoins listed in the exchange, and continues adding new coins every month, which makes it a magnet for traders, a kind of amusement park full of kiosks of crypts of all colors and flavors , waiting to be tested by visitors.

In December 2017, the platform surpassed 3,000,000 users, and shortly afterwards they broke another record, accounting for 240,000 new registrations in a single day. A park extremely entertaining, so it seems.

2- Very low rates, really

This is really important. Binance only charges a 0.1% fee for its operations. In addition, there are several ways to bring that rate even lower, in half, to be precise. You can use the native Binance token, BNB, to pay for the charges within the platform and this will make you enjoy the additional 50% discount, a bargain designed under the premise of win-win.

Another option is to register through a referral link , or a QR-sponsored code, thus obtaining the extra 50% discount during the first months.

3- Competitions with fabulous prizes

Periodically, Binance offers several types of competitions, all with very attractive prizes. Usually, there is some kind of payment in ultra luxury cars, or in coins worth many thousands of dollars.

Some are competitions of negotiated volume and the others are raffles of participation. This is a creative way to attract new users, including the big players, to do their business on the platform. With awards like that, it's hard to resist.

4- Operating speed

Binance is able to handle 1,400,000 orders per second, according to the company's statement in its whitepaper. And although nobody will enter to negotiate on the platform with a stopwatch in hand, the general opinion is that Binance is one of the fastest exchanges in the market, and it is a widely shared perception.

5- Accessibility

The underlying Binance platform has already been implemented in more than 30 exchanges and works on all devices, from mobile operating systems such as Android and IOS, to Windows and Mac desktop PCs.

In addition, its interface available in basic and advanced modes, and its support for multiple languages ​​brings it closer to a greater number of potential users around the world, and at any level of experience.

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6- Support decentralization

Binance has a long map of improvements and aligned objectives for the future of the exchange. One of them in particular, which should make any crypt enthusiast appreciate them even more, is that they plan to launch a decentralized exchange in the very short term.

For this, Binance is developing its own chain of blocks, Binance Chain, on which this new project will be based. The CEO of the company, Changpeng Zhao, hopes to have everything ready this year.

7- Oriented to the user

Binance really strives to reward those who participate in the platform, at the same time as they listen to their opinions. When users complained about high withdrawal fees for some of the cryptocurrencies listed in the exchange, Binance noted the clamor and reduced commissions.

Your customer service also enjoys favorable opinions within the community, because they leave no doubt without answering, or unresolved problem. Binance, in addition, continuously provides information to its users through Telegram, Twitter and many other networks.

Either by using your BNB token, using your Binance Labs incubation service, or by participating in your affiliate marketing program, Binance aims for customer satisfaction, aware that their success is their own.

8- A solid team

Binance is made up of people with a relevant professional career, whether in the world of finance, cryptocurrency or programming. The CEO of the company, Changpeng Zhao, or CZ as he is also known, brings his experience of several years as a developer in the financial world and the crypts.

He is the founder of BijiTech and co-founder of the OKCoin exchange, together with Yi He, the current marketing director of Binance. The other members of the team, Roger Wang (CTO), James Hofbauer (Chief Architect), Paul Jankunas (Vice President of Engineering), among others, together with Zhao and He, constitute the synergistic combination that has propelled Binance to the place it now occupies. .

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9- It has its own cryptocurrency

Binance is the first crypto exchange platform to launch its own currency, or token, in this case. The Binance token is BNB (Binance Coin), and was designed with the purpose of being used to pay the already very low operating rates, in order to obtain an additional discount. This is just one of the ways that Binance has managed to build loyalty to its already long user base.

The discount applied for using BNB decreases according to the years that the user uses the platform, but the value of the token increases, especially after the "burning" of coins that Binance executes every 90 days. The time will come when the coin owners will ask if it is a better option to pay the rates with BNB, or save them to negotiate later and obtain some profits.

10- The Binance Labs incubator

Binance is not only an innovative exchange, but they have an incredible long-term vision, and they are entirely dedicated to the sector. If you are launching a cryptocurrency startup, looking for financing, advice and everything related to starting new businesses in the ecosystem, Binance Labs may be the solution.

They basically created an incubator for entrepreneurs, to provide them with the necessary boost during the initial phase of a project.

There is more? Of course.

Binance prides itself on being one of the few exchanges to distribute GAS on time. GAS is the dividend paid by the NEO network to the owners of this currency to keep it in their wallets.

The most recent benefit granted by the company to its users is the ability to convert the remnants of their cryptocurrencies, which were immovable because they are lower than the rates involved, in BNB, so that they can be used for their use within the platform. .

That's what Changpeng Zhao said in a tweet on April 23. The process is as simple as clicking on a button and following some short instructions.

Undoubtedly, in the months to come, Binance will continue to give something to talk about, in most cases for praise and applause for their achievements in such a short time. Its growing fan base, innovative advantages and creative marketing consolidate it as the favorite exchange of crypt enthusiasts worldwide