Binance.com offers a wide range of cryptocurrencies with several payment methods, including credit card and bank wire transfers. Trade with 100+ altcoins with margin up to 125x on futures on one of the world’s most liquid exchange that is rapidly growing in the crypto industry.
More About Binance.com:
When a new website is launched on the internet, what would be the most common review? The most common reviews especially when the newly launched website is an exchange/trading website.
is that it could be a scam! A statement that is commonly being said by people that have only read negative reviews about a website but not haven’t tried using or exploring it themselves. But despite the fact that people are talking bad about them, it is still our duty to make sure that we look into their website and have a couple of features pointed out before we even distrust them.
With that being said, we will be reviewing a new exchange company called Binance.com today. Despite what people say about new websites, we will try to dissect them, and know what makes them tick. Without further delay, let’s talk about that!
Binance came from the combination of words “Binary” + “Finance”. Any indeed, Binance offers a lot of different products in the financial space related to cryptocurrencies, including spot trading, fiat purchases, margin trading and crypto futures on their global exchange.
The company behind Binance is currently registered in Malta. Before moving to Europe, originally they were completely operating in China, but due to the regulatory issues with cryptocurrencies, the company decided to transfer operations first to Japan then later to Malta for a more regulation-friendly and favorable environment.
The company’s CEO and founder is Changpeng Zhao who previously dealt with high-frequency trading in Shanghai before joining the crypto space. He worked in Blockchain.info’s wallet team and served as a CTO on OKCoin crypto exchange, before founding Binance in China in 2017.
The company had its ICO in July 2017 and after a few months, released their exchange website where their coin BNB can be used to pay the transaction fees. At the beginning of 2019 they launched Binance Jersey, an independent company to aim their European expansion and later in September Binance.US to help US citizens to purchase crypto in an easy and regulated way.
On their website, it says that they are capable of processing 1,400,000 orders per second with handling an average daily volume of 1.2bn USD, making them the biggest cryptocurrency exchange in the world based on the 24 hours volumes. Impressive numbers if you put into consideration the number of people that go to their website on a daily basis.
Verification with Binance.com
Verification levels are a pain when it comes to exchanging websites, it is also a security feature that can help monitor our trading levels and keep in manual to help us control unwanted trades. What are verification levels? Account levels are there to keep the users safe from going over their regular trading capacity. Most of the websites now have manual activation that requires information from the user-submitted to the company for review. There are also verification levels that are not connected with trading, but with deposit/withdrawal caps.