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Cryptocurrencies represent an internet-based medium of exchange that takes advantage of cryptographical functions in order to conduct financial transactions. They leverage blockchain technology to achieve decentralization, immutability, and transparency.
According to the latest crypto news, there are thousands of cryptocurrencies in existence. However, the most popular ones include Bitcoin, Ethereum, Ripple, Binance Coin, Bitcoin Cash, Tezos, Tron, Litecoin, and EOS, acquire more than 80% of the total market cap.
Decentralized cryptocurrencies such as Bitcoin, have one substantial advantage - no single authority can control them. Instead, they are governed by an algorithm thatâs pre-programmed and defined. This takes away the human factor and makes the entire network transparent and immutable.
Cryptos can be sent directly between two parties, in a rapid and cheap process, compared to traditional bank transfers. Since there is no central authority or a middleman, the users can go through the process without having to worry about complying with different rules.
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According to the latest crypto news, there are thousands of cryptocurrencies in existence. However, the most popular ones include Bitcoin, Ethereum, Ripple, Binance Coin, Bitcoin Cash, Tezos, Tron, Litecoin, and EOS, acquire more than 80% of the total market cap.
Decentralized cryptocurrencies such as Bitcoin, have one substantial advantage - no single authority can control them. Instead, they are governed by an algorithm thatâs pre-programmed and defined. This takes away the human factor and makes the entire network transparent and immutable.
Cryptos can be sent directly between two parties, in a rapid and cheap process, compared to traditional bank transfers. Since there is no central authority or a middleman, the users can go through the process without having to worry about complying with different rules.
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Benefits and features of Binance
Before learning how to create an account and start buying and selling Bitcoin and altcoins on Binance, it is better to know the advantages and disadvantages of the platform first. First, we mention the important features of the Binance exchange.
Support for a wide range of altcoins
Any digital currency that was born after Bitcoin is considered an altcoin. One of the reasons for the high popularity of Binance is that it supports a wide range of digital currencies, so that any user, regardless of their asset type, will be able to exchange with others.
Support for over 200 coins is amazing! It is possible to buy Ethereum, buy Tron and other famous cryptocurrencies, as well as lesser-known options such as Zcoin. Meanwhile, Coinbase, the world's largest digital currency exchange in terms of the volume of Bitcoin exchanges, supports only 25 coins.
Low transaction fees on Binance
While learning crypto-to-crypto exchanges, transaction fees on Binance are very low and quite competitive. On every purchase or sale, customers pay only 0.1% commission.
Rewards to users by Binance
Binance Launchpad for initial release (ICO Launchpad)
High security of Binance exchange
High volume of digital currency exchanges!
#sanor016CommUNITY #sanor #Write2Earn
Before learning how to create an account and start buying and selling Bitcoin and altcoins on Binance, it is better to know the advantages and disadvantages of the platform first. First, we mention the important features of the Binance exchange.
Support for a wide range of altcoins
Any digital currency that was born after Bitcoin is considered an altcoin. One of the reasons for the high popularity of Binance is that it supports a wide range of digital currencies, so that any user, regardless of their asset type, will be able to exchange with others.
Support for over 200 coins is amazing! It is possible to buy Ethereum, buy Tron and other famous cryptocurrencies, as well as lesser-known options such as Zcoin. Meanwhile, Coinbase, the world's largest digital currency exchange in terms of the volume of Bitcoin exchanges, supports only 25 coins.
Low transaction fees on Binance
While learning crypto-to-crypto exchanges, transaction fees on Binance are very low and quite competitive. On every purchase or sale, customers pay only 0.1% commission.
Rewards to users by Binance
Binance Launchpad for initial release (ICO Launchpad)
High security of Binance exchange
High volume of digital currency exchanges!
#sanor016CommUNITY #sanor #Write2Earn
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Savings in Binance
This feature allows you to earn interest for holding a stake without using your digital assets on the Binance exchange. There are two flexible and locked methods for this purpose. In the second method, you cannot touch the balance (locked) for a certain period of time, but instead, you will receive more profit. In the first method, depending on the amount of continuous withdrawals, the profit will be different.
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This feature allows you to earn interest for holding a stake without using your digital assets on the Binance exchange. There are two flexible and locked methods for this purpose. In the second method, you cannot touch the balance (locked) for a certain period of time, but instead, you will receive more profit. In the first method, depending on the amount of continuous withdrawals, the profit will be different.
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Binance Smart Money (Mining Smart Pool)
Binance Smart Pool allows cryptocurrency miners to earn more for the same activity by joining larger mining pools. The hash rate is automatically assigned to the most profitable cryptocurrency at that moment for mining. In this way, there is no need to continuously check the status to change the membership and enter a pool with a higher profit
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Binance Smart Pool allows cryptocurrency miners to earn more for the same activity by joining larger mining pools. The hash rate is automatically assigned to the most profitable cryptocurrency at that moment for mining. In this way, there is no need to continuously check the status to change the membership and enter a pool with a higher profit
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Each week, BNB Chain onboards new projects across the landscape of DeFi, SocialFi, Web3 gaming, and beyond. đ„
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Binance exchange belongs to which country?
Binance exchange was registered in Cayman Islands in 2017. At first, it was said that the head office of this exchange is located in Malta, but after the publication of the statement of the European Union of the island, this statement was questioned.
The matter was that at ConsenSys' Ethereal Summit in May 2020, Mr. Zhao gave a speech for 45 minutes. He spent most of this time talking about the unlikely ability of Libra and China's digital yuan to compete with existing stablecoins, Binance's lack of intention to compete with the Ethereum network, and how to keep this exchange separate from CoinMarketCap's activities. Recently the company had bought it, assigned it. It was only 5 minutes before the end of his talk time when the host asked his challenging question: Where is Binance's headquarters located?
This question seems simple but in practice it is complicated. Until February 2020, Binance was thought to be an exchange based in Malta. But when the European Union of the island announced in a statement that this exchange is not under its jurisdiction, the page was turned. Since then, the location of Binance's headquarters has been shrouded in mystery
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Binance exchange was registered in Cayman Islands in 2017. At first, it was said that the head office of this exchange is located in Malta, but after the publication of the statement of the European Union of the island, this statement was questioned.
The matter was that at ConsenSys' Ethereal Summit in May 2020, Mr. Zhao gave a speech for 45 minutes. He spent most of this time talking about the unlikely ability of Libra and China's digital yuan to compete with existing stablecoins, Binance's lack of intention to compete with the Ethereum network, and how to keep this exchange separate from CoinMarketCap's activities. Recently the company had bought it, assigned it. It was only 5 minutes before the end of his talk time when the host asked his challenging question: Where is Binance's headquarters located?
This question seems simple but in practice it is complicated. Until February 2020, Binance was thought to be an exchange based in Malta. But when the European Union of the island announced in a statement that this exchange is not under its jurisdiction, the page was turned. Since then, the location of Binance's headquarters has been shrouded in mystery
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Sanor is one of the best traders in Afghanistan, we are proud to be invited to every Binance conference
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