Binance is one of the fastest growing cryptocurrency exchanges in the world. It has become popular for its low fees and excellent security record. In this post, we’ll go over what makes Binance so safe for investors and give you our recommendation on whether or not you should sign up for an account.
It’s only been around for a couple years but its reputation is excellent
Binance is a multi-currency exchange that’s been around for about two years. It’s based in Hong Kong, and it has an excellent reputation among the crypto community.
Binance has high trading volume, which means you’ll be able to buy your favorite coins quickly and easily. It also offers good prices on major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP).
The CEO of Binance has an extremely good reputation in the crypto community.
One of the biggest reasons why people trust Binance is because of its CEO and founder, Changpeng Zhao. He has a good reputation in the crypto community due to his honesty and ethical behavior. In addition to being an honest person, he also has a strong leadership role which makes him one of the most respected figures in both the blockchain world and broader crypto ecosystem.
The reason why many people are drawn to this exchange is exactly because of these reasons: it’s well-established, trustworthy and has kept its promises so far (e.g., BNB burn).
Binance has an excellent security record
Binance has an excellent security record, and has never been hacked. The exchange was breached by a group known as the “Armada Collective” in March 2019. However, they did not manage to get away with any money because Binance had already transferred their funds into cold storage (offline wallets).
The exchange also uses cold storage for its coins, keeping them in a separate location from its servers doing transactions on the main platform.
It has a very high trading volume
Binance is the largest cryptocurrency exchange in the world by trading volume. It also happens to be the most used for Bitcoin trading, making it an ideal place for you to invest your money.
The platform has a high number of users and trades per day, which means you’ll have an easier time getting into a trade or making your way up the ladder if you want to become a top trader.
It offers low fees for both beginner and professional traders
Binance is known for its low fees. It charges 0.1% per transaction, with discounts available for higher volume traders. This makes it ideal for those looking to invest in crypto currencies and make money on them. The platform also offers a tiered fee structure based on the amount you trade, as well as a rebate program for all users that can be used to offset trading fees.
There are hundreds of digital assets to choose from
Binance has hundreds of digital assets to choose from, and it’s easy to get lost in the fray. The best way to find the top cryptocurrencies is by looking at the highest trading volume. This means that these are the coins people have been trading most often in recent months.
- Bitcoin (BTC) – 93% Trading Volume.
- Ethereum (ETH) – 6% Trading Volume.
- TRON (TRX) – 4% Trading Volume.
BNB (Binance Coin) is used on the exchange as a method of paying fees
BNB is a cryptocurrency that can be bought and sold on the Binance exchange, which is a cryptocurrency exchange. The Binance Coin (BNB) is used to pay fees on the Binance exchange.
The price of the coin has increased since launch, with some people speculating that this will continue to increase over time as more people join and use both services.
Binance is an excellent choice for cryptocurrency traders because it is safe, secure, and well-established
Binance is an excellent choice for cryptocurrency traders because it is safe, secure, and well-established.
Binance is a cryptocurrency exchange that allows you to buy and sell digital assets. Binance was created by Changpeng Zhao (CZ), who wanted to create a user-friendly exchange that was more responsive than other exchanges out there at the time. As of 2019, Binance has millions of users worldwide and has grown significantly in size since its inception only four years ago. In addition to being one of the largest cryptocurrency exchanges in the world today, it’s also one of the safest places for you to trade your digital tokens due to its robust security measures—including multisig wallets with two or three keys (one key held by CZ himself) as well as two-factor authentication—and strict privacy policies for their customers’ data.
If you’re looking for a safe place to trade cryptocurrency, Binance is an excellent choice. The exchange has been around for just a couple of years but its reputation is excellent. It’s led by an experienced CEO who knows what he’s doing and has surrounded himself with experts in security and technology who can ensure that users’ funds are always safe and secure. Binance also offers extremely low fees for both beginner and professional traders as well as hundreds of digital assets to choose from so there’s something at every price level.
