The DigitalCurrency Exchange Markethas a wide variety of opportunities and changes. Therefore, how to choose the best currency exchange mode or trading portal? This is a big headache for every person. There are two options for the clients first Novice and Veteran Cryptocurrency. Binance is the famous Chinese Oriented Cryptocurrency Exchange, which is known as the Crypto to Crypto Exchange Services. The main feature of BinanceCurrency Exchangesis, that it is low trading fee exchange.
Options in Digital Exchange Market
Some people visit for the first time will automatically identify that the portal or platform offers two choices for digital currency trading – basic and advanced. When we talk on the ground level, it is true that both the version, basic and advance is not user-friendly. It is also the exception that anyone, who is from the digitalcurrency platformhave a bit of knowledge into how the exchange market work and how to use different services of the platform.
Basic and Advance Version Difference
Let us discuss the difference between basic and advanced version. Well, advanced version offers to provide in-depth technical knowledge and analysis of digital currency value over time. And when we talk about the basic version, it provides offers different graphs and charts for the pairs that the users trading, order books, and history of trade.
Process of Binance Login and Sign up
- If you want to use the exchange’s services, first you must have to create an account.
- The process is very simple and user-friendly, and you will not face any problem.
- Even you don’t have a need to verify your account for the first level, which is 2BTC daily withdrawal limit.
- For the second level, in which you have the limit of 100BTC Withdrawal, you need to verify the photo ID and wait till for approval.
- There is also the higher limit in the exchange services, and you will need to contact them for more arrangement and information.
- Now, you can also go to fund their Binance Account. You can choose either BTC or ETH while selecting the multitude of digital currencies.
- If you want to fun your account visits the “Funds” > Deposits/ Withdrawals”. The link is given at the top of the site and you can easily find the currency which you wish to send.
- Now, click on “Deposit” button, and it will give you the wallet address.
- Now, you can send your funds to this address to start trading on the portal.
- Now, the funded process of account is complete, you can simply start everything that you want such as investing, trading and exchanging in different digital currency pairs.
- Binance platform offers enormous of options; because the portal supports all popular and major digital currencies and also different ICO listing and their related tokens.
- In the present time, the portal is only be used to get limit and market orders worldwide. This is the big disadvantage in expected trading opportunities. According to the reports, the platform will be more advanced.
Trading Process on Binance
Trading process on BinancePortalis very easy and straight-forward. If you are already using any Cryptocurrency exchange before, then the trading becomes easier. If you want to start, first make sure that you will deposit some funds. There is also some option giving for trading pairs in BTC, ETH, BNB, and USDT. Once you have the funds on account, you will get the top right menu option for select “Exchange” > “Basic” or “Advanced” to load the trading option.
Security Feature of Binance
Well Binance is one of the latest Cryptocurrency exchanges available in the market, and it is amazingly managed to attain a top level of security and trust from its users and the digital currency group. It is also the fact that the portal fails to provide the users with required information on how to secure funds. The website is the working properly and user-friendly. The website of Binance also offers a multi-tier system architecture and design.
Trading and Exchanging Fee of Binance
The Writing Charges of Binance are an average fee of 0.1% on each trade. If you are using the Binance Token for paying the fee you can get a 50% discount on the trading fee. This is amazing discount coupons offer by the Binance Platform. This is lowest fees in all over the market of trading. However, the withdrawal fees vary for each digital currency for the users. Therefore, we can say that Binance is the most user-friendly exchange portal for the users in the market. It offers amazing fee and offers in the digital currency support. There are so many leading partners and companies supported Binance Digital Currency Platform.