Cryptocurrency
The Binance review 2022: things you may know for investing in Binance
Binance cryptocurrency exchange has founded by a software developer named Changpeng Zhao in 2017. It is a decentralized cryptocurrency exchange that has based originally in China. Binance is the world’s largest crypto trading platform, and we are saying this because it provides a robust selection of trading options & features that is not much user-friendly. Investors may go through a steep learning curve as trading with Binance depends on the level of experience & knowledge.
Through its desktop or mobile dashboards, Binance provides a wide array of trading options through its mobile or desktop dashboards, like an impressive option of market charts & hundreds of cryptos. Although several options & features are unavailable to the United States & only 65 plus of the cryptocurrencies may be accessible to U.S. customers. Along with its tools & features, Binance also provides detailed learning, an NFT platform, & more. The NFT marketplace is also unavailable to U.S. customers yet.
Binance features:
- Wide range of trading options & order types: it offers many trading options, including peer-to-peer, spot, & margin trading. It also provides many order types, such as limit & market order, stop-limit order & stop market order, post only order, trailing stop order, & one-cancels the other order. Few of these options, such as margin trading, are unavailable for U.S. users.
- Low fees: Binance offers low fees, which means investors can retain more of their investment & earnings.
Binance users can also bear other fees. For a quick glance at the different fees attached with different withdrawal & payment types, you can refer to the following chart:
Payment mode Fees
Wallet not applicable
ACH transfer Free
Debit cards 4.5 percent
Wire transfer $15 for U.S. users
Crypto conversion not applicable
Buy & Sell Crypto 0.50%
Trades 0.00% to 0.1%
How to Open a Binance Account?
If a user wants to open a Binance account, he must follow the following steps:
- Visit the Binance site.
- Click the “Get Started” button on the top right-side corner & enter the required info. The registration procedure can take some minutes, as Binance would verify your account.
- Enable 2FA
- Link the payment method
- Deposit funds & start trading
Customer Service:
Binance provides three options to approach its customer support service:
- Submit a ticket: To submit a ticket & receive email help, users need to fill out a form on the website.
- Ask the general questions through chat: on the Binance website, a chat box is present on the bottom right side of the support screen. You can ask whatever question through conversation.
- Reaching out through Twitter: Binance has a Twitter account (@BinanceHelpDesk) for assistance & encourages the customer to tweet their problems to the company.
Conclusion:
In this binance reviews, we have seen that it is the world’s largest cryptocurrency exchange. An experienced and knowledgeable global investor who would be eager to find out different tokens & trade options, Binance may have the characteristics you seek. Active U.S.-based traders may find few opportunities on Binance.US, but it provides less supported cryptocurrencies than the global platform. Ensure a trader does his due diligence & compares the trading platforms before trading with Binance.