Steem Crypto Challenge Month #3 : The Best Exchange: BINANCE

in Italy4 years ago (edited)

Hello everyone! It has been a while since I entered the crypto world and in my opinion BINANCE is one of the most important exchanges in the crypto landscape, and currently the best. Founded in 2017, it has become number one globally in terms of trading volume.The company was founded in China, but following the government-imposed ban on cryptocurrency trading, Binance decided to move servers to Japan and headquarter. central to Malta. Binance's token, BINANCE COIN (BNB), today has a market capitalization of nearly $ 3 billion and is in the top 10 of CoinMarketCap.
The services offered by Binance are mainly aimed at traders. However, three additional platforms have been released in recent months to complement the Chinese exchange's offer:
BINANCE.COM is the flagship platform. It allows you to exchange cryptocurrencies at very low commissions, operate in leverage, participate in IEOs (Initial Exchange Offering), store coins and earn interest by placing your crypto at the disposal of the exchange;
BINANCE JERSEY is the tool thanks to which it is possible to buy cryptocurrencies using the bank transfer. It therefore allows you to exchange fiat currencies with Bitcoin and some of the main altcoins;
TRUST WALLET is Binance's wallet. It allows you to manage, receive and send Bitcoins, numerous altcoins and tokens based on the Ethereum and Binance blockchains;
BINANCE DEX is Binance's decentralized exchange. Based on its own blockchain, it allows you to exchange altcoins at commissions close to 0. Being decentralized, it allows users to access directly with their wallet whose private keys they hold, therefore no registration or KYC will be required.
BINANCE CARD you can use the virtual card (at the moment they still have to send the physical one) to make purchases online and in stores using your own cryptocurrencies deposited in binance.

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BUT IS BINANCE SAFE?

Used by millions of users daily, Binance has a trading volume of over $ 1 billion per day.The exchange's security level is very high however, for security reasons, Binance has not released information on how the funds are held. . All we know is that 98% of the cryptocurrencies held by the Chinese giant are stored in inaccessible offline wallets, whose backup copies are protected in safe places. On June 3, 2018, the SAFU (Secure Asset Fund for Users) ), an emergency security fund into which Binance deposits 10% of all commissions generated by the exchange to cover any customer losses in an emergency. These funds are stored in a separate cold wallet.

ARE THE COMMISSIONS LOW ??

Binance does not charge deposit fees. As for trading, each trade has a fixed fee of 0.1%. If you hold BINANCE COIN (BNB) in your trading account and decide to use them to pay commissions, Binance will apply a 25% discount on fees. Based on the amount of BNB held, further discounts can be obtained gradually. For cryptocurrency withdrawals, on the other hand, the fees vary according to the cryptocurrency used, in most cases the costs are less than 1 dollar per withdrawal.

EXCHANGE BASE

Si tratta della piattaforma standard di Binance. Permette di effettuare ordini a mercato, stop e limit. Su molte coppie di trading è inoltre possibile operare in leva.

Principalmente ci sono 5 mercati: Bitcoin (BTC), Altcoin (ETH, TRX e XRP), Binance Coin (BNB), Stablecoin (USDT, TUSD, USDC, BUSD e PAX) e Margin. In quest’ultimo potremo operare utilizzando la leva finanziaria.

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What do I mainly use with binance?

Binance can be used to deposit any crypto (it offers several deposits) but mainly I use it for the Binance EARN section where you can stake a lot of crytpo and earn interest, and flexible deposits where you can get back your sums or closed deposits at any time. a period.
Interest is good, then lately Binance is also offering its tokens in addition to interest.
Then I consider it the best because it has introduced its card: BINANCE CARD, you can load it with crytpo, currently only bnb, btc, busd, sxp but I think they will also introduce other crypto to make daily purchases in stores or to buy online.
I have already used it and it works that it is a marvel only that for now they have distributed only the virtual one but later the physical one will arrive home.
The card is completely free, Binance earns a small spread on the crytpo / fiat currency exchange.
The only way I currently recommend to use it physically is to connect it to google pay or to the curve card, which perhaps for the less experienced is a card that collects various cards, through the curves app you can connect your debit cards or credit and use only the curve card. I'll leave you a link if anyone wants to have a look: https: //www.curve.com/

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Binance is a guarantee in the Bitcoin and crypto world, its tools are really excellent and its platforms complete in every aspect. Both newbies and professionals can find what they are looking for on Binance to operate in this new market. Fast assistance and the BINANCE VISION academy add further depth to the already impeccable quality of the services offered by the Chinese giant.

Binance takes user training and awareness of newcomers to heart about the potential and issues related to the world of cryptocurrencies. First of all, you need to be aware of what you do once you enter this world since one mistake is enough to lose money with crypto. We need to secure our investment and we need to be very careful about the actions we take. Binance knows this well, which is why it created BINANCE VISION, a completely free online university dedicated to the world of Bitcoin and crypto.

https://www.binance.com/en/register?ref=38219480

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