Binance Review

Binance.com has managed to gain a huge audience and popularity for a short period of time. Though it appeared on the market only the last year, it has become one of the most widely used platforms for crypto trading and exchange. This can be explained by a high liquidity, impressive number of currency pairs, multi-language support and low fees.

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Customer Support

The options to contact the support representatives are not numerous. You can submit your request through a form on the site. You also need to select a subject of your request so that your issue could be dealt by the support agents responsible for this sphere. Also, there is an extensive section of FAQ questions. So before submitting your request, you can try to get a reply to your question on your own.  

Fee

The current fee on each trade at Binance.com is  0.1%, without fee schedule, which is one of the lowest fees on the market. Besides, you will get a 50% discount on the trading fee in case you pay using their tokens, that are called BNB.  

Currencies available

Binance.com is a trading platform which supports only digital currencies. This means there is no chance of any operations with fiat currencies. This allows the platform not to stick to any regulations. The choice of cryptocurrency is truly impressive. Here you will find more than 100 pairs. The platform supports all the most popular digital currencies like Bitcoin, Litecoin, Ripple, and Bitcoin Cash.

How it works

The trading procees on Binabce.com is simple and comprehensive, especially if you have already traded on other platforms. The first condition to start trading is depositing funds. If you want to purchase some digital currency, select the trading pairs you are interested in, and the desired currency from the list. As soon as this is done, you will see the tables with the prices in red offered by the people who want to buy the currency, and prices in green by the people who want to sell. The last sale price is displayed in the middle. Place a buy order, enter the price and wait till your open order is filled. Then the cryptocurrency you have purchased will be available under the “Deposits / Withdrawals” menu. From this moment you can withdraw it to your wallet.

Brand Quality, Member Security & Site Safety

Binance.com has rapidly gained a high level of trust from its users and the community, though you will not find any detailed information on their site about what means they use to protect the funds of their users. Somehow it’s known, that the platform offers multi-tier and multi-tier system architecture. Also, two-factor authentication is a good sign of reliability.

Bottom Line

Binance.com can boast a very powerful matching engine, which is capable to process about 1.4 million orders each second. No wonder that such speed of transactions, multi-lingual support and a splendid selection of cryptocurrencies available make Binance very popular among users. There all chances that this platform will continue to evolve. Still, we recommend not to keep a large balance on your account and to withdraw your funds to your wallets.