✅️✅️What Is the Binance Exchange?
The Binance Exchange is a leading cryptocurrency exchange founded in 2017. It features a strong focus on altcoin trading. Binance offers crypto-to-crypto trading in more than 350 cryptocurrencies and virtual tokens, including bitcoin (BTC), ether (ETH), litecoin (LTC), dogecoin (DOGE), and its own coin, BNB.
1$BNB
✅️Binance is an online exchange where users can trade cryptocurrencies. It supports hundreds of the most commonly traded cryptocurrencies.$BTC
✅️Binance provides a crypto wallet for traders to store their electronic funds.
✅️The exchange has supporting services for users to earn interest or transact using cryptocurrencies. It also offers programs for miners and helps traders make investment decisions.
✅️Binance has its own blockchain-based token, BNB.
✅️Binance has a global presence but is limited in some countries like the U.S. and U.K. due to regulations.$ETH
✅️✅️History of Binance Exchange
Binance was created in 2017 by Changpeng Zhao, a well-known entrepreneur, investor, and software engineer. He started the exchange in July, and within six months, the exchange grew to become one of the largest crypto exchanges in the world.
4
Primarily known for crypto-to-crypto trading—trading between two cryptocurrency pairs—the Binance exchange has some of the lowest cryptocurrency transaction fees. It has high liquidity and offers discounts to users who pay in BNB—the exchange's native cryptocurrency token.
With high standards of safety and security and multi-tier and multi-clustered architecture, Binance delivers high processing throughput.
In 2019, the global Binance exchange was banned in the U.S. due to regulatory concerns. The exchange opened Binance.US, an exchange that meets U.S. regulations.
5Trading on Binance
