Introduction of merit and demerit of popular exchange Binance
This time, it is an article specialized to the extremely popular exchange Binance.
It covers all the merit, demerit, registration, operation method etc.
What exchange is Biance?
Binance is a major exchange in China.
It is only recently established, and more and more popular coins are listed.
It is good to create a site and the GUI of the transaction page is also good.
Since the granting and trading of BTG was done at a considerably early stage,
It can also be used as evacuation site for future bit coin hard forks.
Indicators of transaction volume (how much users are trading) are also ranked ninth in the majestic world.
I understand that transactions are done so actively that they can complain.
Handled stocks
The coins listed on Binance are as follows.
NEO · ETH · WTC · STRAT · BCC · OMG · LTC · QTUM · DNT · BNB · SALT · IOTA · BNT · REQ · MCO · SNGLS · DASH · EVX · MTL · LINK · SNT · EOS · ETC · CTC · GAS · BQX · FUN · KNC · BTG · SUB · ENG · SNM · MTH · ZRX · XVG · AST · MDA · OAX · ICN
There are plenty from major coins to minor tokens.
It is quite frequent to list new coins and it is a fast-growing exchange.
Recently ICO tokens tend to be listed on Binance soon.
You understand that if token developers list on Binance you will get popular.
Sponsoring
In case
Benefits of Binance
So what is the merit of using Binance?
◆ There is no transaction page lag
There are many exchanges where lag (delay) occurs as the site gets heavier as transactions rush.
However, I have used Binance and never lagged.
Orders can not pass when sudden crash! It is nice to finish without it.
◆ Coin to be listed is determined by popularity vote
The popularity vote of the coin which you want to list on Binance is done on the first month,
The top issues are listed on Binance.
Because newly listed coins often temporarily rise sharply,
Let's vote positively if you have any coins you own.
◆ Polite notice from management
Binance administration reports in the news column quite detailed.
I can say that the level of the management team is quite high without contact being late.
◆ BNB unique token is capable
BNB is a unique token issued by Binance.
Trading with Binance costs a transaction fee of 0.1%
If you have this BNB you can pay a fee at BNB,
Moreover, there is a benefit that transaction fee will be reduced by 50%.
Furthermore, 0.1BNB is necessary for coin popularity vote
It is a wake that you can receive various benefits from BNB.
◆ All fees are cheap
BTC withdrawal fee is 0.0005 BTC.
The withdrawal fee of other coins is also relatively inexpensive,
Transaction fee for trading is also 0.1%, which is cheaper compared with other exchanges.
It is truly appreciated that the commission is cheap.
Disadvantages of Binance
Next will introduce the disadvantage. In case
◆ Remittance is a bit slow
Since the withdrawal fee is set low, it is only a little slow to put on money upon withdrawal.
Sometimes it takes more than 4 hours if BTC withdraws late.
In case
◆ There is a withdrawal limit
As long as you do not verify your identity, you can withdraw only up to 2 BTC per day.
Because the transaction itself can be over 2 BTC, those who do not withdraw large amounts on the day
There is no particular need to confirm the identity.
◆ susceptible to Chinese news
As it is a major exchange in China, users are still Chinese.
If there was a big virtual currency news in China,
Most of the stocks in Binance will be affected in an instant.
Which is better, Bittrex or Binance?
Although each has its own good points, I recommend Binance.
Because Bittrex has a transaction fee of 0.25%.
Binance can set the fee to 0.05% if you use your own token BNB.
In case
For example, suppose you buy some coins with 1 BTC and sell it with 1 BTC.
With Binance, the commission costs up to 0.001 BTC
Bittrex will be charged a fee of 0.005 BTC.
It is really stupid to take 0.005 BTC with only 1 BTC transaction.
When choosing an exchange for people who trade a lot,
Transaction fees are becoming an extremely important factor.
Even if the fee is one, I recommend Binance by far the best.
Of course I use Bittrex when I buy brands that are only available in Bittrex.
How to register
↓ Click here for registration of Binance ↓
https://www.binance.com/register.html?ref=10118557
When entering the registration screen, let's enter the mail address and password first.
Next, click the mark like ">>" and slide to the right.
Then check the box and register temporarily with Register button.
In case
Then mail will be delivered to the mail address, so click on LINK in the text.
Registration itself is finished with this. That's easy.
Summary
Increasing the choice of recipients of hard forked coins,
Including methods aimed at soaring the new listing coin,
It is important to register a lot on exchanges in the future.
The virtual currency is an information warfare.
Especially when it is an overseas exchange, Bittrex and Binance, including a bit of a minor exchange
I think that it is better to register until HitBTC.
Using only domestic exchanges is the same as missing the opportunity to earn money.
Let's debut overseas exchanges with Binance on this!
https://www.binance.com/register.html?ref=10118557