If you are new to cryptocurrency and have not yet heard of Binance, then it’s time you learn more about this cryptocurrency exchange.
Binance is an exchange that offers its users the chance to trade their favorite digital currencies such as Bitcoin, Ethereum, Ripple, Litecoin, and many others. In addition, they offer the chance to trade other cryptocurrencies like Dash, Dogecoin, and Stellar Lumens.
Binance is a relatively new exchange but has grown very quickly. It was founded in July 2017 and has since become one of the top exchanges in the world. It has a user base of over 1 million traders and has been growing at a rate of around 40% per month.
In addition, Binance is one of the most secure exchanges. This is because they use hot and cold wallets to store all of their user’s funds. The hot wallet is where the funds are deposited by the users while the cold wallet is where the funds are withdrawn from. This makes it impossible for hackers to steal any of your funds.
However, there are a few things that you should know before using Binance. First of all, you must be aware that the exchange is based out of China. This means that the currency that you are using may be different than what you are used to. For example, if you are used to using USD, you will need to convert your funds into Chinese Yuan (CNY).
You will also need to make sure that you use a VPN or proxy when using the site. This will ensure that your IP address is hidden so that nobody can track your location. If you do not do this, then you run the risk of getting banned from the site.
Another thing that you should know about Binance is that you will need to wait for a few minutes before you can withdraw your funds. This is because they need to verify your identity before allowing you to withdraw your funds.
When you first open an account with Binance, you will receive $10 worth of free trading tokens. These tokens can be used to purchase any cryptocurrency on the exchange. You can also use them to deposit or withdraw funds.
To deposit funds, simply click the deposit button and select the amount of money that you want to deposit. When you have selected the amount, you will need to fill in the details that are required by the site.
To withdraw funds, you will need to go to your profile page. Click the withdraw tab and select the amount of funds that you want to withdraw. Then click the confirm button to complete the process.
