Binance is a cryptocurrency exchange that allows users to buy, sell, and trade cryptocurrencies. It’s the biggest cryptocurrency exchange in the world by trading volume.
How it works
- Binance lists over 350 cryptocurrencies, including Bitcoin and Ethereum
- It offers a variety of services, including historical market data and proof of reserves
- Binance has a user protection fund that uses 10% of trading fees to protect user assets
Security
- Binance uses advanced technology and strict security processes to protect user assets and transactions
- Binance is considered one of the safer cryptocurrency exchanges
History
- Binance was founded in 2017 by Changpeng Zhao, a developer who previously created high-frequency trading software
- Binance was initially based in China, then moved to Japan and Malta
Other features
- Binance offers perks like trading fee discounts and token airdrops to users who hold BNB
- Binance also has a VIP program that offers additional perks
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Binance
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