Binance is an international cryptocurrency exchange launched in September 2017. Based in Hong Kong, the company now supports 6 cryptocurrencies. All transactions on the platform are secured with a 2048-bit RSA key. Users can trade BTC, ETH, LTC, USDT, CADT and REP using their own unique IBAN, real name and bank account. The platform was launched with the intention to make it easy for retail users to buy and sell cryptocurrencies on an international level, while reducing trading fees by around 80% compared to other exchanges. Binance has received wide interest from the crypto community, due to its aggressive sales and zero trading fee policy. Recently, Binance partnered with Starbucks China, which was welcomed by thousands of customers on the first day, as well as its accessibility through major mobile messaging apps.
Binance is proud to be a part of the Ethereum Enterprise Alliance, a global group of tech companies, researchers, and associations, building a better Ethereum community and the blockchain industry. The company welcomes and welcomes other member companies that share the same vision as we do.
Binance, the biggest crypto exchange around the world currently has a team of people who have nearly a decade of experience in this field. On their team are a bunch of experts in every aspect of cryptocurrency, ranging from programming to marketing, and also do research on cryptocurrency, making sure it is based on the correct technology.
Binance crypto exchange is a great solution for many people who are interested in learning more about cryptocurrency, and do not want to worry about the process of buying and selling cryptocurrencies. A good place to start for new users is to see what the major cryptocurrencies have in store for them, without delving too deep into the crypto world. The first two cryptocurrencies that Binance has listed as of today are Ripple (XRP) and Litecoin (LTC).
How to Get Started with Binance?
Binance crypto exchange is the easiest way to start playing with crypto currencies. The process of buying cryptocurrencies through Binance is seamless, with users being able to do it in seconds. A new user is presented with the opportunity to select the coins that they are interested in purchasing, with the option to ‘Buy Now’. The user then provides the Binance team with the address that the coin will be sent to, and the funds are sent from the user’s account to the Binance exchange. The user’s coin is then added to their digital wallet and is available for purchase or sale on Binance.
When the user has acquired a certain amount of coin, they are presented with the option to sell the coin for USD, EUR, CAD, AUD, GBP, or the price of the coin in the fiat currency. The amount of USD, EUR, CAD, AUD, GBP, or the price of the coin in the fiat currency that the user chooses, determines the amount that the user will receive when the transaction is confirmed by the Binance team. The transaction is also registered on the Binance exchange with the XRP ticker as the USD denomination. After a brief period of time, the amount of money the user received in fiat will be added to the Binance exchange account that the user will be using to purchase other cryptocurrencies.
Cryptocurrency markets are wild, with price fluctuations from day to day, and during regular trading hours. With the right timing and patience, cryptocurrency traders can make substantial amounts of profit through speculation. The pricing of the XRP coin is currently significantly lower than the buying and selling rate, with the user taking on a risk of the purchasing power of the coin getting lower after a certain period of time. Also, if the XRP coin were to experience a price increase, then the user would be able to buy back at a higher rate than when they initially purchased it. This is a risk that many new users do not want to take, so many choose to purchase XRP coins at the current market price, and wait for the right opportunity to trade.