Binance is a crypto Currency exchange platform focused on crypto-crypto trading. The platform has begun to gain popularity in the blockchain community due to its varied offers of criptomonads and incredibly low commissions. In addition, the platform is translated into several languages, including French.
Although the company was launched a few months ago (via ICO), the exchange is already being promoted as a good alternative to Bittrex.
Binance claims an average charge of 0.1% for each transaction made by a user. Those who choose to pay via Binance Token (BNB) can get a 50% discount on trading fees. These are certainly some of the lowest fees available now. Withdrawal fees are different for each digital currency.
If there are transfer limits, there is no limit to the number of coins you can deposit. However, without being checked, users are limited in terms of the amount they can withdraw. Verification will name you a Level Two user, raising these limits and giving you much more freedom when using the platform.
The verification process requires users to provide Binance with their full name, country, gender, government passport / ID photograph, and even a selfie with their passport.
While Binance is one of the latest changes in the market, the rapid achievement of a high level of trust from users and the digital monetary community. However, the exchange does not provide sufficient information to users about how funds are guaranteed, but we believe that security is taken seriously. Two-factor authentication is strongly available and strongly recommended.
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