If you click on this link and upgrade your Binance account while the promotion is running, you will be eligible to receive a rebate on any transactions that you successfully complete during the promotion period. Users who are eligible for the rebate are required to ensure that their Know Your Customer information is current before the deadline of 2022-12-31 (UTC). There is a cap on the total number of rebates that can be distributed, and they will be given out in the order of first come, first served.
Receive a cash-back deal of up to 10% for life on any and all transactions that involve a minimum of 10,000 USDT, in addition to a trading admin fee rebate for Binance old users. This offer is valid for the rest of your life (terms and conditions apply).
You now have access to the complete functionality of the cryptocurrency exchange Binance, right in the palm of your hand. Install the Binance app on your mobile device right this second to use it as a cryptocurrency exchange.
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Where can I learn more about the Binance Exchange?
Binance Exchange is a prominent cryptocurrency trading platform. It was first introduced to the public in Hong Kong in 2017. Emphasis is placed on the trading of alternative cryptocurrencies. Binance is a cryptocurrency exchange that gives its users the ability to buy, sell, and trade over 600 different digital currencies and tokens, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Dogecoin (DOGE), and Binance Coin (BNB) (BNB).
Binance is a cryptocurrency exchange that stands out as having some of the lowest transaction fees overall. This is one of the reasons why Binance is so popular. The primary function of the exchange is “crypto-to-crypto trading,” which simply refers to the exchange of one cryptocurrency for another. It has a high level of liquidity, and if you pay for something using the native BNB cryptocurrency tokens, you’ll receive a price reduction.
Because of its multi-tiered, multi-clustered architecture as well as its capacity to process a large number of orders all at once, Binance is able to process approximately 1.4 million orders per second. On the platform, users are able to trade more than 600 different coins, some of which include Bitcoin, Ethereum, Litecoin, and the platform’s own BNB token.
Трговање на Бинанце-у
Binance, like other cryptocurrency exchanges, offers a variety of services, including trading, listing, fundraising, and de-listing or withdrawal of funds, among others. Binance is an excellent platform for cryptocurrency enthusiasts who are ready to launch their tokens and raise capital through initial coin offerings (ICOs). Binance is a central marketplace where a large number of users buy, sell, and invest in various digital currencies.
Before trading can begin, users are required to fulfill all of the “know your customer” (KYC) requirements that are necessary. After successfully creating a trading account, a user is able to fund their account by sending cryptocurrency to the public wallet address that Binance provides to them.
When conducting transactions on the Binance exchange, traders have the option of using one of three primary order types: limit, market, or stop-limit. Any orders that have a limit price associated with them will only be fulfilled at that price. When you place a market order, it will be fulfilled immediately at the price that is currently considered to be the best available on the market. Stop-limit orders are entered into the market with the expectation that they will become active once the price of the underlying asset reaches a predetermined threshold.
Binance offers four additional order types for users to choose from when trading cryptocurrency futures contracts. Examples of trade orders include the following:
– Order to inhibit the market – Order for a trailing stop – Orders will only be accepted if they are sent through the mail – The TP/SL Limitation Order
There is no fee assessed for making deposits in either cryptocurrency or traditional currencies. The amount of cryptocurrency being withdrawn as well as the type of cryptocurrency both have an effect on the transaction fee.
Additional Services Provided by Binance
Binance provides users with a variety of tools, platforms, and services in addition to the exchange-centric offerings that are already available. The following are some examples:
You can stake or earn interest on stablecoins that you have deposited on Binance Earn. Binance Earn is a place on the Binance exchange. The exchange provides investors with a number of different options and interest rate options for these coins, with each option and rate varying according to the coin as well as the length of time.
The Binance Visa Card is a credit card that gives users the ability to convert their cryptocurrency holdings into fiat currency and spend that currency on goods and services. There are no fees associated with the conversion’s administration, but there are fees associated with third parties in the form of payment network fees.
Miners are able to optimize and multiply their earnings by mining a variety of cryptocurrencies through the use of Binance Smart Pool, which allows miners to switch between mining different cryptocurrencies.
Binance has established a blockchain technology incubator known as Binance Labs. The incubator’s primary mission is to foster the development of potentially successful pre-ICO stage projects. It assists deserving cryptocurrency project teams by providing them with the funds necessary for development, access to advice, and a starting point for when they need to list or raise funds for their projects.
In addition, Binance provides a website known as LaunchPad, which serves as a hosting platform for new and developing blockchain projects as well as API interfaces. As of the month of July 2022, 64 different projects had been initiated.
In July of 2017, it conducted an initial coin offering (ICO) to launch its very own cryptocurrency known as Binance Coin (BNB). As of July 2022, the market capitalization of BNB is approximately $38.8 billion.
Бинанце Цоин (БНБ)
Binance Coin, also abbreviated as BNB, is the native cryptocurrency of the Binance platform. Trading in cryptocurrencies is made easier on the Binance exchange thanks to this. The initial coin offering for the coin took place in July of 2017, and it was first introduced (ICO). After giving 20 million BNB tokens to angel investors, 80 million tokens to the founding team, and the remaining 100 million tokens to participants in the initial coin offering (ICO), Binance distributed the remaining 100 million tokens.
During the initial coin offering (ICO), approximately one-third of the funds that were raised were designated for use in the development of the Binance platform as well as the implementation of any necessary ecosystem upgrades.
The initial iterations of Binance Coin made use of the Ethereum blockchain in conjunction with the ERC 20 standard. On the other hand, Binance Coin replaced BNB as the native currency of the BNB Chain in 2019. As of the month of July 2022, the value of a single BNB is approximately $237. With a value of approximately $3.9 billion, it is currently ranked as the fifth most valuable blockchain-based token according to market capitalization.