Introducing Binance Exchange Trading Platform

ivanong (39)in #cryptocurrency • 7 years ago (edited)

After trying several exchanges including HitBTC, Bittrex, Gemini and Binance, I would consider Binance suit my trading style the most. Below I am explaining some nice functions or interface Binance has provided.

1. Quick and Fast Approval Process.
First of all, the verification process is pretty fast. My account get verified within ~1/2 Day and another of my friend's account get approved within just 2 hours (According to him :))

2. User-Friendly Interfaces
Very Easy to Use interfaces for quick viewing of coins live price at Binance.
NOTE: Binance Price could vary with price from other exchanges.

3. Quicker Posting of Purchases
It has quick button to place 25%, 50%, 75% and 100% of your portfolio based on the price selected. When it comes to opportunity capturing, second delay counts actually. :)

4. Stop-Limit Trade
I am not covering normal trade posting since most people already familiar with it and I believe the interface already very clear and self-explanatory. I am explaining a bit more about the Stop-Limit Order which I think it is important.

Fortunately or unfortunately, trade of Cryptocurrencies are 24/7 which do not has a day break (unless the particular exchange call for one :) ), therefore we could not monitor all times.
This would be a strategy trade to post your trade when your entry price or exit price is met.

5. Further Commission Reduction if settle using Binance Coin (BNB)
Maintain some BNB in your Binance Account and then Turn ON settle using BNB.
Your commission for your trade would be 0.05%. It is most likely lowest among exchanges.
To turn on, Account then turn On Pay Fee using BNB.