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Binance review bittrust1/19/2024 As Binance continues to dominate the market, offering trading services to countries around the world that still don’t offer favourable cryptocurrency regulations will be part of the mission.įor now, it’s quite clear that Binance’s formula for success is working and as the platform continues to try and penetrate the North American market, Binance’s dominance and overall reach will likely continue to grow. Founder Chengpeng Zhao has proven himself to be a visionary in the industry given he’s managed to take over the market share of the crypto trading space in just two years. Although the company markets itself to crypto enthusiasts globally, the business it is licensed in the tax and business haven of Malta. Binance also offers traders the opportunity to save even more on trading fees just for holding Binance’s own BNB token. With over 200 cryptocurrencies available for trading, no other platform comes close. When it comes to competing with crypto-to-crypto exchanges, Binance ranks above them all. It sounds like the platform will be competing directly with another popular brand in the crypto space that already serves North American customers. Users will be able to trade fiat currency for six different cryptos using the service: bitcoin, ethereum, XRP, bitcoin cash, litecoin and the tether token. and will operate in partnership with a trading company called BAM Trading Services. Binance Overviewĭespite increased regulatory focus on the cryptocurrency industry over the last two years especially, Binance is now open for business to US customers once again thanks to its newly minted American-friendly platform. The U.S.-friendly platform is separate from the original Binance. This review of Binance will cover the good, the bad, and the ugly of the exchange, detail all the fees, limits and conditions of using the platform, and get compared to all other exchanges in a comprehensive and detailed format. It offers over 200 currency pairs on its main platform and even lets customers save on fees in a very unique way. His penchant for planning ahead and anticipating the future of crypto regulation is perhaps the biggest reason for that.īinance is obviously doing a good job earning the respect and trust of customers, given its rise to extreme popularity over just the last two years. The former software engineer at crypto wallet is just 41 years old and already considered one of the brightest business minds in the blockchain industry. It’s already the largest platform in the world by trading volume, making founder Chengpeng Zhao one of cryptocurrency’s richest people. It’s not quite a fiat-to-crypto exchange as of this writing, but will be by October, 2019. Launching in 2017, is quickly establishing itself as the world’s leading cryptocurrency exchange. Binance was hacked for $40 million in 2019.Still difficult to change fiat-to-crypto on the platform.Crypto Calendar (ICO, Token Sales and STOs).See our Expanded Rules page for more detailsĬoinMarketCap (Cryptocurrency market cap info)ġ0k.pizza (Portfolio tracking.Monthly Report: Best & Worst Performing Cryptos (March 2022).See our Expanded Rules page for more details about this rule.This includes "PM for referral", asking for referral codes or links, and linking to sites used solely for referral links. Rule #2.10 - Posting referral, promo links, or codes of any kind is strictly prohibited and will be met with a long-term or permanent ban.See our Expanded Rules wiki page for more details about this rule. If you meet our requirements and want custom flair, click here. Please make quality contributions and follow the rules for posting. This subreddit is intended for open discussions on all subjects related to emerging crypto-currencies or crypto-assets. Be nice to each other! r/CryptoCurrency is a welcoming place for all people and all cryptocurrencies.
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