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Binance. Cryptocurrency Exchange Review

Cryptocurrency exchange Binance enough young (from April 2017), but already gained trust among traders. She enters TOP-5 best exchanges in the world. Since the start Binance hit into TOP-3 cryptocurrency exchanges daily trading volume.

Project name

Website address Binance

Daily trading volume

  • more than 232 796 BTC (more than $ 1 543 546 257 USD)

Supported Cryptocurrencies

Exchange Binance supports more 100 cryptocurrency – as of June 2018

  1. 0x (ZRX)
  2. aelf (ELF)
  3. Aeternity (AE)
  4. Aion (AION)
  5. Ardor (ARDR)
  6. Ark (ARK)
  7. Augur (REP)
  8. Bancor (BNT)
  9. Basic Attention Token (BAT)
  10. Bibox token
  11. Binance Coin (BNB)
  12. Bitcoin (BTC)
  13. Bitcoin Cash (BCH)
  14. Bitcoin Diamond (BCD)
  15. Bitcoin Gold (BTG)
  16. Bitcoin Private (BTCP)
  17. BitShares (BTS)
  18. Bytecoin (BCN)
  19. Bytom (BTM)
  20. Cardano (ADA)
  21. Cortex (CTXC)
  22. Cryptonex (CNX)
  23. CyberMiles (CMT)
  24. Dash (DASH)
  25. Decentraland (MANA)
  26. Decred (DCR)
  27. Dentacoin (DCN)
  28. DigiByte (DGB)
  29. DigixDAO (DGD)
  30. Dogecoin (DOGE)
  31. Dropil (DROP)
  32. Elastos (ELA)
  33. Emercoin (EMC)
  34. Enigma (ENG)
  35. EOS
  36. Ethereum (ETH)
  37. Ethereum Classic (ETC)
  38. Ethos (ETHOS)
  39. Factom (FCT)
  40. FunFair (FUN)
  41. GAS (NeoGas)
  42. Gifto (GTO)
  43. Golem (GNT)
  44. GXSGXChain
  45. Hshare (HSR)
  46. Huobi Token (HT)
  47. Iota miota
  48. ICON (ICX)
  49. IOSTIO Stoken
  50. Kin (KIN)
  51. Komodo (KMD)
  52. KuCoin Shares (KCS)
  53. Kyber Network (KNC)
  54. Lisk (LSK)
  55. Litecoin (LTC)
  56. Loom Network (LOOM)
  57. Loopring (LRC)
  58. MaidSafeCoin (MAID)
  59. Maker (MKR)
  60. Mithril (MITH)
  61. Monaco (MCO)
  62. MonaCoin (MONA)
  63. Monero (XMR)
  64. MyBit Token (MyB)
  65. Nano (NANO)
  66. Nebulas (NAS)
  67. NEM (XEM)
  68. NEO
  69. Nuls (NULS)
  70. Nxt (NXT)
  71. OmiseGO (OMG)
  72. Ontology (ONT)
  73. PIVX (PIVX)
  74. Polymath (POLY)
  75. Populous (PPT)
  76. Power Ledger (POWR)
  77. Pundi X (NPXS)
  78. Qtum (QTUM)
  79. RChain (RHOC)
  80. ReddCoin (RDD)
  81. Ripple (XRP)
  82. Status (SNT)
  83. SiaCoin (SC)
  84. Stellar Lumens (XLM)
  85. Steem (STEEM)
  86. Stratis – (STRAT)
  87. Substratum (SUB)
  88. Syscoin (sys)
  89. Tether USD (USDT)
  90. Theta Token (THETA)
  91. TRON (TRX)
  92. VeChain (VEN)
  93. Verge (XVG)
  94. Veritaseum (VERI)
  95. Walton (WTC)
  96. Wancoin (WAN)
  97. Worldwide Asset eXchange (WAX)
  98. Waves
  99. Zcash (ZEC)
  100. Zilliqa (ZIL)

Project Information Binance

Headquarters exchange in Shanghai. In the near future is planned licensing in Malta. Founder and ggeneral director Binance Changphen Zhao (Changpeng zhao) having decent resume and extensive experience with cryptocurrency. Achievement list rich enough – Head of Department development in Blockchain co-founder and technical director OKCoin.

Because of this rapid development and big the influx of new customers to the site in early 2018 Binance closed registration new accounts. but currently ban liftedso anyone can try it themselves.

Binance do not support trade or transactions in fiat currency. Binance It has own coinBnb (Binance Coin). At the moment her the cost makes order $ 20. Coin used to reduce trade commissions and leaves 0.1% from the deal, but at the time of buying token – 0.05%.

Interface is enough simple and clear. Transferred to 12 languagesamong which there is a Russian that makes him convenient for Russian speaking traders.

However, the translation can not be called quality therefore it is better to use English versionif you have at least basic language skills.It is acquainted with the exchange, its possibilities are possible and without registering.

But if wish conduct financial transactions – registration is required.

Also, Binance has developed Mobile application for iOS and Android.

Registration at the exchange Binance

When registering for Binance no nuances. Procedure standard.

You must specify valid email, then come up with a password. Optionally, you can specify referral link, on which you visited the site. Further introducing captchato confirm that you are not a robot. Captcha feature is that you need to enter it move the slider so that puzzles came together in a picture. For account activation will come to the specified mail active link. Simply go through it. Verification is not required for withdrawal of withdrawal restrictions no more 2 Btc per day. But for more output means and for use full functionality Exchange for trade – checkout mandatory. She passes in three stages.

  1. In the first stage you need connect mobile number or alternatively you can use google check.
  2. At the second stage it is necessary to provide scanned pages of his passport and sample signature. If a Job on the exchange will be carried out on behalf of the companymust provide relevant legal information.
  3. Phase 3 provides individual communication with customer support and perform all of them requirements.

Trading on the Binance Exchange

Work on Binance is not different from trade on other exchanges. Here you can choose either standard, either extended interface.

Special the differences between interfaces notbut if you need to work analytical toolsit’s better use the second option. Schedule about changing exchange rates you can customize to your tastetime intervals, markers and other parameters. Exchange Binance It has great tools for analytics and statistics. To work, you can choose one of 3 types warrants:

  • Limit – executed when a certain course is reached.
  • Market – orders of this type are executed at a specific rate.
  • Stop-limit – in this case, “stop” means the start of the transaction, and “limit” – its restriction.

Main trading is carried out on pairs NEO / BTC, GAS / BTC, ETH / BTC and BNB / BTC. As mentioned above, Bnb currency Exchange, which is named as Binance coin. This crypt allows make service purchases Exchange

Deposit and Withdrawal at Binance

To trade naturally it is necessary to fill the deposit. Recall that the exchange does not accept fiat money. For recharge can use VTS or others alternative cryptocurrencies. In order to replenish the deposit, is necessary:

  • go to the section “Active”
  • choose the currency with which you will replenish the account
  • specify the wallet from which you will transfer. At this stage you need to be very attentive, If you make a mistake, cryptocurrency can be lost without return.

By the same principle cash withdrawal in accordance with the limits.

Commission on the Binance Exchange

Exchange has won popularity thanks to low commission0.1% of transaction and high speed processing – 1.4 million orders per second.

Binance reviews

Reviews about the exchange mainly positive. However marked some flawsthat can be compiled as follows:

  • not high-quality Russian-language translation:
  • lack of opportunity to trade fiat money.

Well, now I want to listen Your opinion about cryptocurrency exchange Binance.

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