Binance Review in 2020 – A Trading Exchange with Features.
I wrote a Binance review in 2020 and see what news under the hood.
The beauty of the crypto world is the possibility to trade 24 hours a day whenever you want. It is the beauty to be part of this realm and feel the excitement of the trading game.
One of the most successful and innovative companies is Binance where they always bring additional features. It is important to have an edge toward your competitors and satisfy your current customer base.
Right away, one of the main pages, you see the sexy sentence the world’s leading cryptocurrency exchange .
The core business of Binance.
The core business is exchange, purchase, and sell different cryptocurrencies. One of the best advantages of Binance is the amount of liquidity available on the platform.
The main pairs available to trades are:
BNB (Native crypto of Binance) BTC (The king of all crypto) Ethereum Tron XRP.
They go beyond crypto, and they support the following fiat pairs.
USDT BUSD TUSD USDC PAX and many more…
Right off the box. You can trade in crypto completely or fiat if you prefer stability and predictability.
The trading choices available.
Wow, can you imagine, right off the box, you have many ways you can trade on the platform! Normally, a traditional crypto exchange provides only one boring interface where you buy or sell.
Binance offers 5 ways to trade, I believe you will find one that will benefit your trading style.
Basic.
A simple interface that is seamless and intuitive where you can swap your crypto on the current market price.
An important factor is each trade has a minimum and you need to pay attention to this requirement. With bitcoin, the minimum is 0.002.
You can use this method if you are looking for a quick way to swap cryptocurrencies in one transaction.
Classic.
If you are looking for the original interface of Binance you need to select the classic mode. This was the interface of when they launched their trading exchange.
You can access the trading interface of Trading View and use the indicators you enjoy.
You can set buying and sell with the following features:
Limit Market Stop-limit.
You can access more advanced features like trading on Margin and Futures .
Advanced.
If you want to be like a professional poker player and have access to all the tools for trading. The advanced mode is for people who want to have access to all features under one roof.
If you are an enormous whale and you want to avoid making a panic or a tsunami in the market. You have the option to use the OTC and request a quote.
What you need to know about this method is you trade behind the trading platform. Normally, the people who use this method is people or institution who want to buy an enormous chunk in one shot.
It is convenient, and both parties can come to an agreement quietly without making noise.
The last method that you can use is to trade freely on their app with this option.
I need to explore this feature and seem an interesting one.
You have more information on this link .
Buy crypto section.
A fundamental action people like is to buy crypto easily without hassle along the way. Even today, some crypto remain in obscure trading exchange hard to get through.
Binance makes your experience easy and convenient for buying crypto immediately. They offer tree methods and I believe you might find one that works for you.
Credit card/Debit card.
What is the faster way to buy something? Is it with a credit card. You enter your number and personal info, then you have your item or service that is coming in the pipe.
This method is not working for everyone, in Canada as an example, banks blocks buying crypto with a credit card.
At least the majority can use this method. You can have your crypto at the speed of light.
P2P .
If you prefer the old way to transfer money and buy or sell crypto, you can with your bank account. The best part is you open order on the market and waits for people to transact with you.
It does not seem instant transactions but convenient for some people to transact with their bank account.
Third-party payment.
Or if you prefer to rely on a third party to make your transaction, Binance offers this option. Do not forget you transact outside of the trading exchange if you choose that method.
The advantage I believe if you are intending to send and receive money in your bank account.
What I like about Binance.
Many people believe it is the Amazon of crypto that explodes since 2017. Instead, to remain a boring trading exchange with no additional features on the pipe.
Each month you heard unfamiliar things that Binance brings or intends to build. I love a company that tries to innovate and differentiate from their peers.
Instead, to make a complete article of all the features, cryptocurrencyreviews.eu I will cover them in future articles on this blog.
Conclusion.
If you are looking for a trading exchange that offers a variety of crypto to buy and sell. Binance is the place to go and they support a variety of pairs in fiat, stablecoins, and crypto.
Maybe you are a speculator or trader looking for a trading exchange with tremendous liquidity. This one is for you and because they almost always on the top of the trading volume.
I hope you enjoyed my Binance trading exchange review in 2020. Now take action and create your account and to go trade immediately!
Chesatochi.com – Love of crypto and coffee .
PS: I am not a financial adviser, and this is only my opinion. Always do your own research before embracing investment in the crypto space .