What is Binance?
Binance is the total platform for trading, saving or obtaining cryptocurrencies. Currently, this portal is one of the largest operators in the world of cryptocurrencies. Her global figures are absolutely impressive with millions of followers around the world who trust her to trade any cryptocurrency on the market.
In its beginnings, the platform became known for being one of the best wallets on the market. In the wave of the strong investment trend by millions of small, medium and large investors around the world with the Bitcoin other of the most relevant cryptocurrencies, Binance made a niche as one of the main wallets to store BTC, Ethereum , Litecoin and any other cryptocurrency.
At present, it is one of the main portals where to negotiate or trade with practically all the cryptocurrencies that operate in this market. One of its main characteristics is the comfort and ease of the web to negotiate with these virtual currencies. Its extreme security measures are also particularly noteworthy, something really relevant for most of its users.
- Link to test the platform
What cryptocurrencies can you trade on Binance?
With the Binance portal we can negotiate with practically all the cryptocurrencies that exist in the market. Although the most popular currencies are Bitcoin, Ethereum, Litecoin, Monero and some others, in this portal we can trade with thousands of different virtual currencies.
A large percentage of the total trading operations carried out on the portal are based on medium and long-term positions in the cryptocurrencies with the greatest relevance and volume of market capitalization.
Another investment modality is based on short-term trading in smaller capitalization currencies with a lot of fluctuation. They are higher risk investments but they have a large number of followers. In this portal we can find infinite options to find opportunities for this type of short-term investments.
How does Binance work?
The Binance portal works in a simple and practical way, it is true that it has many different functionalities in which we can get lost in the first days of use. For this it is good to bear in mind that it is better to be slow and safe, we can gradually test all the features offered to see which of them are more attractive to us to invest, buy, sell, get or save cryptocurrencies.
To invest with the cryptocurrency portal, they offer us the basic functionalities of any trading platform with the exception that here you will only find virtual currencies, many. In addition to trading with multiple options, we can also invest in these values directly with the purchase or sale of Bitcoin, Ethereum, Litecoin, Monero, or any other selected cryptocurrency. We can do these purchases or sales with very simple processes in just two steps. This option is located in the main menu and is easy to access.
In addition to these more conventional investment options, we can find many other possibilities on the web to get fractions of cryptocurrencies through mining, affiliations and some others.
Do they have their own currency?
Yes, the platform is so popular that it launched its own cryptocurrency, the Binance Coin. This currency has grown steadily and hundreds of thousands of users use it for some of their negotiations. In addition, when operating with it we have benefits widely explained by the portal such as discounts on the commissions stipulated to negotiate.
The currency has grown to such a level that it is part of the group of securities most offered on several of the main platforms for trading these cryptocurrencies. To give us a general idea of the potential of the value, it began its journey in 2017 with fluctuations close to $ 1 and in just 4 years it is already above $ 400. Without a doubt, it is one of the values to follow.
How is the income made to trade cryptocurrencies?
To trade cryptocurrencies on Binance we can make income or deposits in several different ways. As the most common method we have bank transfers. Many of the web users prefer this option for several factors, among them are the security of the transaction and the higher limit to send capital.
As a second option to make deposits on the portal we have bank cards. With them we can send money to our Binance account in a really fast way. By using them we can have the money in our account in just a few minutes. Due to this, it is also a good percentage of total users who choose it as a priority method to deposit.
Other highly requested options is the sending of cryptocurrencies to our cryptocurrency wallets. As a user of the portal, we have specific wallets for a long list of virtual currencies.
How to register on Binance?
Registering with Binance is extremely simple and fast. For this we only have to access the portal and mark the registration button. When doing so, the box appears to mark our name, email and telephone number. So far, it is the same as a conventional registration that we can do on any other internet platform.
The second step of registration with Binance (https://binance.com) is that of identity verification. To complete it we have to upload the images of our identity document and complete the verification with our phone number. These steps are really important so that all users of the network have maximum security in the transaction, saving and trading with cryptocurrencies.