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Binance binance. Binance cryptocurrency exchange was launched in and managed to take the lead in the field.
According to Coinmarketcap exchange, Binance ranks ninth in terms of Bitcoin trading volumes. Now it is one of the ten largest cryptocurrency exchanges in the world, and, according to data provided by the administration, the number of its users exceeded 3 million.
All this suggests that the trading platform deserves the attention of both newcomers and experienced traders. Therefore, in this article, we are going to talk about its main benefits and drawbacks.
At the same time, the platform is considered to be international, and, judging by the trading volumes, this strategy has justified itself. Developers are offered a functional API.
You can trade through the web interface or use the application for Android and iOS. The main feature of Binance market is that this exchange has its own BNB token internal.
Holders of this token have several privileges, which we will talk about later. At the same time, the exchange has a whole market of currency pairs related to BNB.
The website interface was translated into eight international languages. The registration process on Binance exchange is very simple.
When pressing the corresponding button, a window where one needs to enter the e-mail, password, and referral code if present pops up.
Binance is the largest cryptocurrency exchange by trade volume and one of the fastest trading services providers for blockchain ecosystem.
The company was founded in July and has seen an astronomical rise in popularity to become the premium crypto trading platform.
To create an account with Binance , the process is very straight forward and only takes a few minutes.
To start, follow these steps:. Binance uses a level based verification system which determines the maximum withdrawal limits.
New users are not required to verify their account immediately to start trading altcoins. However, will be limited to the basic verification level which restricts the maximum withdrawal amount.
Users that have registered with Binance to buy cryptocurrency with a credit or debit card will also need to complete identified verification.
This is to comply with local regulations and is a one-off process for the account. Depending on the cryptocurrency, it can take between a few seconds, minutes or even hours for the blockchain to confirm the transaction and deposit the funds into your Binance wallet.
If you prefer to fund the account with fiat currency, Binance supports deposits in EUR and GBP which can be transferred to the exchange using the following payment methods:.
Now that your account is funded, you can start trading crypto currencies. Just select the crypto you want to convert and the crypto you want in return.
However, for traders that want to view historical and live price charts, Binance provides a classic and advanced mode that both use Tradingview charts.
We will be using the classic version. On the right, all of the crypto pairs are listed to trade. You can also add pairs to favorites for quick access.
If you look to the left, you can see all of the prices that people are willing to buy and sell the selected cryptocurrency. The numbers in the middle show the last sale price.
Binance come funziona? Si tratta prima di tutto di uno degli exchange di criptovalute che preferisco. Molto semplice. Ricordate: se disponete di bitcoin su un altro wallet e volete trasferirli su binance potete farlo solo verso il wallet di bitcoin.
Ti invito a visitare la nostra pagina delle quotazioni delle criptovalute se vuoi imparare a leggere bene i parametri che caratterizzano il coin market cap.
Supponiamo di aver depositato bitcoin. Nel nostro wallet bitcoin di Binance risulteranno quindi dei bitcoin. Adesso supponiamo di voler acquistare degli ADA, la criptovaluta del progetto Cardano.
In either case, this is a sensitive time for crypto exchanges, regulation-wise. Governments across the world, the US included, are hard at work formulating crypto regulation frameworks, and centralized exchanges might be treading carefully so as not to step on any regulatory toes in an uncertain environment.
As reported just this October, three owners of BitMEX and five related companies have been charged with operating an unregistered trading platform and violating multiple regulations in the US, facing years in prison.
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