In just six months since its launch, Binance has become one of the top exchanges for crypto traders around the world, and for very good reasons.
Whether you're new to cryptocurrency trading or a seasoned coin flipper, you'll likely want to be on a number of exchanges, and Binance.com should be at the top of your list. Binance is an Asian cryptocurrency exchange with support for a number of languages, including English. Its focus is on coin-to-coin trading, rather than any fiat pairs, and at the time of writing, it supports some 240 carefully selected coins. Let's look at some of the many reasons you should sign up for Binance...
1 - Brilliant Interface.
Anyone who has had the misfortune of trying to use something hideous like EtherDelta will know how frustrating it can be when a badly designed (or hardly designed at all) interface prevents you from completing basic tasks on an exchange. The Binance Exchange graphical interface is one of the best around. It's easy to navigate, and extremely fast. It also features a darker skin option. While not strictly a "night mode" option, the interface does go dark when you enable the "advanced" exchange mode. If, like me you find yourself spending hours at a time on exchanges, this is a very welcome feature indeed.
2 - Low Fees.
Binance trading fees are very low at around 0.1%. They can be lower still, especially if you hold their BNB trading token in your account which can result in a significant discount.
BNB tokens have been steadily increasing in value, and with the promise of BNB coin burns, this trend is set to continue.
3 - Referral Program
If you're able to refer family, friends or online fans, there is a possibility to earn rewards via the Binance Referral Program. While most won't bother with this particular pursuit, it is somewhat reassuring to know that the word is out, and people from all corners of the world will hear about Binance, further increasing its popularity, and pushing up the price of BNB, which, by the way, you absolutely should hold.
4 - Fantastic Coin Selection.
Binance currently supports 240 cryptocurrencies, some of which are not yet widely available. This gives you the opportunity to buy at a lower price, as coins tend to increase in value when they hit more exchanges. Examples of these "up and coming" coins include TRON, VIBE, VECHAIN and of course, BNB, which is on course to be massive. One other huge bonus is that NEO holders on Binance get GAS distributed to them, just like when they are held in a NEO wallet, something other exchanges haven't been able to offer as of yet. Check out the full list of crypto coins available on Binance, here..
5 - Great team and public relations.
Some exchanges out there do little or nothing to increase trust and reach out to the crypto community. Binance takes the opposite approach and it's very refreshing! Changpeng Zhao is an active member of Reddit, and is known to do interviews with YouTubers and online publications. Check out the video above for a tour of Binance HQ!
See below how easy it is to get started on Binance:
For balance, some criticism.
As much as I love Binance, it's not perfect just yet. Your balance page doesn't feature the same level of advanced data and sorting as some other exchanges, such as Bittrex. On Bittrex you can sort your crypto balance list based on their estimated Bitcoin values, or based on their 24 hour percentage change. Both of these features are missing from Binance and would be very welcome indeed. At the rate this exchange has been developed, and the rate at which it is growing in popularity, I don't expect we will be waiting very long for such features anyway.
Binance is quickly becoming the best crypto exchange out there, setting a high standard for features, ease of use and customer relations.
Click here to register a new Binance account. It takes 2 minutes but will be the most worthwhile 2 minutes of your time today!
Disclaimer: None of this is financial advice and I take no responsibility for anyone doing anything. Binance really is fucking awesome though.