Everything You Need To Know About Binance

About Binance

Binance.US is an interactive way to buy, sell, and trade crypto in the US. It supports trading in more than 500 coins, including bitcoin, Ethereum, litecoin, and its own native BNB tokens. As of October 2021, according to an estimate, there are over 28.5 million Binance users. Binance does not charge deposit fees. For each withdrawal, a flat fee is paid by users to cover the transaction costs of moving the cryptocurrency out of their Binance account.

Top 7 Binance FAQ

1. Is Binance Safe?

Binance is considered a safe exchange that allows user account protection via the use of Two Factor Authentication (2fa). It offers a relatively secure, versatile way to invest in and trade cryptocurrencies. The use of cold storage makes it safer for users.

2. What Much Is The Binance trade Fee?

Binance charges a 0.1% fee for trading on the platform as well as a 0.5% fee for Instant Buy/Sell, so your actual fee amount will depend on the amount of the trade. The higher the transaction, the higher the fee. You get a 25% discount (subject to change) from your trading fee if you use BNB to pay for trading fees.

3. What Much is The Binance Trade Limit?

Binance has different minimum trade limits for different coins. As an example for Minimum Order, Size is BTC 0.0001.

4. Is Binance A Chinese Company?

Binance was initially based in China but later moved its headquarters out of China following the Chinese government's increasing regulation of cryptocurrency. Now the Crypto Exchange holds around 18.42% of the 24h trading volume.

5. Is Binance the biggest exchange?

Binance is a cryptocurrency exchange that is the largest exchange in the world in terms of the daily trading volume of cryptocurrencies.

6. Do binance accept paypal?

Yes, Binance accepts paypal. There are now 62 different payment methods available on Binance for peer-to-peer (P2P) trading. PayPal, International Wire (SWIFT), Western Union, Yandex Money etc.

7. Can I buy NFT on Binance?

Binance NFT is the world's largest centralized NFT marketplace where anyone can browse and trade a diverse selection of in-game items, virtual land, art pieces, and more — at a flat trading fee of just 1%.

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