Known as one of the leading cryptocurrency exchanges out there, Binance is a network with a focus on cryptocurrency trading. The company is registered in China and is known as one of the top choices of traders and one of the most used crypto trading platforms in 2018.
Some of the things that make this possible are the impossible coin offerings and the affordable trading fees – all of which making Binance a leader in the world of virtual currency trading. Even though the company launched in 2017, it took only a short time for it to dominate the scene and rise to one of the most trusted Bitcoin exchange platforms.
This has attracted a lot of traders to invest money and Binance started to get a lot of investments by making it easy for people to make most of the cryptocurrencies and the entire cryptocurrency trend. One of the most popular features on the exchange is the margin trading on cryptocurrencies which is basically a solid way to set up your cryptocurrencies to be automatically bought or sold when they reach a specific margin.
The Binance mobile app also makes mobile cryptocurrency trading easier than ever before, directly from the palm of your hand. Thanks to the token produced by the platform known as BNB, you can pay any kind of fees that exist on the exchange. Currently, Binance offers only cryptocurrency trading without any fiat/cryptocurrency pairings.
There are two main options for digital currency trading which include the Basic and Advanced option. Anyone with a background with digital currency trading can understand the difference which is basically the fact that the advanced version offers more in-depth technical analysis of digital currency value over time. While the Basic version offers several graphs and charts, the Advanced one is fuller.
Trading on Binance is really straightforward. All you need to get started is to deposit some funds (there are options for trading pairs in BTC, ETH, BNB or USDT). Once you do that, you need to navigate to “Exchange” > “Basic” or “Advanced” and load the trading screen where you can start trading.