Binance is an online exchange where users can trade cryptocurrencies. It supports most commonly traded cryptocurrencies. Binance provides a crypto wallet for traders to store their electronic funds. The exchange also has supporting services for users to earn interest or transact using cryptocurrencies.
Primarily known for crypto-to-crypto trading—trading between two cryptocurrency pairs —the Binance exchange has among the lowest transaction fees for cryptocurrency exchanges. It has high liquidity and offers discounts to users who pay in the native BNB cryptocurrency tokens.
The name "Binance" is a combination of the words "bitcoin" and "finance." It claims high standards of safety and security, with multi-tier and multi-clustered architecture, and delivers high processing throughput—it claims it has the capacity to process around 1.4 million orders per second. It supports trading in more than 500 coins, including bitcoin, ethereum, litecoin, and its own native BNB tokens.
BNB BNB is the native asset on Binance Chain, a blockchain software system developed by Binance and the community. BNB has multiple forms of utility and powers the Binance Ecosystem as its underlying gas.
Global Freedom Our vision is to increase the freedom of money globally. We believe that by spreading this freedom, we can significantly improve lives around the world Vision
Building Infrastructure Our mission is to be the infrastructure services provider for the blockchain ecosystem.
Primary Benefits
Low fees compared to other exchanges
25% trading fee discount if you pay fees using Binance Coin (BNB)
Educational resources available
Identity verification process
Tax statement portal to help prepare crypto taxes
Key Resources & Readings:
Binance: Buy/Sell Bitcoin, Ether and Altcoins | Cryptocurrency ...
Binance - Home | Facebook
https://www.facebook.com › ... › Financial service
About - Binance
https://www.binance.com › about
Disclosure. The content on this website is for informational purposes only, and you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained on this website constitutes a solicitation, recommendation, endorsement, or offer by us or any third party service provider to buy or sell any securities or other financial instruments. We are not a broker or dealer under the Securities Exchange Act of 1934, nor are any transactions proposed or described on this website purported or intended to be conducted through a regulated commodity trading entity under the Commodity Exchange Act of 1936.