Binance platform overview
The Binance platform was launched in 2017, which means that it is relatively recent, but during that short period it managed to occupy a prominent and advanced position in the world of trading, until it was classified as the fastest growing digital currency trading platform in the world. As it was able to attract a large segment of investors of this type of financial assets around the world, thanks to the services it provides with a great deal of diversity and excellence.
Binance cryptocurrency platform review
We previously indicated that the Binance platform was established and officially launched in 2017, except for those behind it - among the founders - who have long experience in the world of online trading, so that one of them was an active member of several prestigious financial portfolios, the experience of the platform's founders contributed to shortening a lot of time and was This is a direct reason for its great and rapid progress, so that within only six months of its launch, it was included in the ranking of the most important digital currency trading platforms - and one of the most prominent trading companies in general - in the world.
The Binance platform was able to make a real boom in the field of cryptocurrency investment via the Internet, as it provides the highest levels of security, which is the basic foundation for any financial activity and the first criteria that traders are looking for, in addition to providing many distinguished services and effective aspects of support, in The forefront of which is the provision of a huge list of digital currencies available for trading, in addition to the significant decrease in the value of fees and commissions that it charges.
Cryptocurrency recommendations on the Binance platform
Digital currency recommendations can be obtained on the Binance platform by joining the Arab Crypto site group, which provides daily recommendations for buying and selling digital currencies via the following form.
What is the value of the fees imposed by the Binance trading platform?
Low fees come at the forefront of the factors that distinguish the Binance digital currency trading platform from its competitors, and thus it was able to achieve the most difficult equation and became the most effective and least expensive cryptocurrency trading platform at the same time, in the following paragraphs we will show you the Binance commission in full Taking into account the type of account and the amount of commission charged.
What is the Binance commission?
The Binance commission table in cryptocurrency trading is one of the most obvious. The platform is also considered the lowest commission platform, and prices start from 0.1% at the highest price on the table to reach 0.015% when trading in a high volume for VIP accounts 4 and above.
The following table shows you Binance commissions according to the latest update on 10/29/2022.
|
account type |
Commission Maker / Taker |
|
VIP account 1 |
0.1000% / 0.1000% |
|
VIP account 2 |
0.0900% / 0.1000% |
|
VIP account 3 |
0.0800% / 0.1000% |
|
VIP account 4 |
0.0700% / 0.1000% |
|
VIP account 5 |
0.0200% / 0.0400% |
|
VIP account 6 |
0.0200% / 0.0400% |
|
VIP account 7 |
0.0200% / 0.0400% |
|
VIP account 8 |
0.0200% / 0.0400% |
|
VIP account 9 |
0.0200% / 0.0400% |
Note: There is a 25% discount on the commission when it is paid in the special BNB currency in Binance, which helps to increase the percentage of profits and reduce commissions even more.
Binance cryptocurrency trading volume
Binance represents the world's largest market for trading and storing cryptocurrencies, as well as the fastest growing platform of this kind. The definitive proof of this is that its average daily trading volume is estimated at $2 billion, while the average number of transactions per second is more than 1,400,000 transactions.
While we are about to evaluate the Binance platform, it should be noted that it is the most attractive digital currency trading exchange for investors, so that in January 2018 - that is, shortly after its launch - it had to stop the service of opening new accounts due to its achievement of sufficiency in light of the increasing rates of continuous demand for opening trading accounts through it.
Is Binance safe to trade?
The Binance platform pays great attention to the protection and security factor and includes within the technical support section extensive and detailed answers about account protection mechanisms, and also provides a lot of advice to its customers to protect them from falling victims to potential fraud attempts, in addition to allowing them the personal verification feature through the identity verification program of the company Google.
Practical experience has proven that the platform follows a tight security protocol that enables it to respond quickly in case of exposure to any danger, as there was an attempt to hack the Binance platform and a number of other digital currency platforms in 2018, but Binance was the most coherent and its system was able to distinguish illegal financial exchanges This made the losses limited to the accounts of the hackers themselves without harming any of the customers.
Advantages of trading cryptocurrencies via Binance
The impressive and rapid success that the Binance trading platform met immediately after its launch and so far did not come from a vacuum, of course, but is a natural result of the many ingredients available to it that cost it distinction and superiority and made it the most attractive among the largest and most famous trading platforms in the world, the following are the most prominent of these advantages:
-
List of available currencies: The Binance platform puts its customers in front of an unlimited number of options thanks to the huge list of digital currencies available through it, which includes the most famous major currencies in the world such as " Bitcoin , Litecoin, Ethereum...etc" along with all other types of currencies, which gives them Greater freedom when making deals and doubles the chances of making profits.
-
Low commissions: Some consider the fees charged by the brokerage company as wasted money that detracts from the value of their profits, but there is no need to worry about this when trading through the Binance platform, given that it imposes small fees on transactions conducted through it and withdrawals, as we mentioned above.
-
Incentive prizes: The platform supports a system of incentive prizes for regular traders. These prizes take several forms and change from time to time, but they often include obtaining free digital currencies to increase the value of the invested capital and, accordingly, to raise the value of the positions that are opened when trading.
-
Own Currency: One of the advantages of trading on the Binance platform is that it owns its own digital currency referred to as BNB, and it also offers special benefits to traders of that currency, which include huge discounts of up to 50%.
-
Buying and trading in one place: It is customary for those wishing to trade digital currencies to obtain them from the purchase sites and then deposit them in trading accounts, but the Binance platform - with an emphasis on excellence - gives its users the opportunity to buy digital currencies through it, which makes it easier and safer.
-
Technical Support: The platform offers an efficient and responsive technical support service 24 hours a day, 7 days a week.
Is Binance a good choice for beginners?
The world-famous digital currency trading platform is designed in a way that ensures its suitability for traders of various segments, where large investors can make the most of it and grow their investments in an unprecedented way, and beginners in this field will not face the slightest difficulty in that, as the platform has a very intuitive interface. Clarity and ease of use and they can start making deals very smoothly whether through the web platform or through the mobile application.
It is noteworthy here that the Binance platform supports beginners in the world of trading in different ways, as it helps them develop their knowledge and improve their trading skills by providing educational media through the Binance Academy section, ensuring that they develop their skills and gain more experience necessary to trade safely and effectively and reap the desired profits. .
Is the Binance platform supported in Saudi Arabia?
Yes, the Binance platform is one of the approved platforms in the Kingdom of Saudi Arabia. An account can be opened to buy and trade digital currencies with ease on the Binance platform for residents and citizens from within the Kingdom of Saudi Arabia.
Sometimes there are obstacles in the process of depositing and withdrawing from the platform, due to the restrictions imposed on trading digital currencies by the Monetary Authority, but this obstacle can be solved by opening an account in the “Jazil” application, the banking application in Bahrain, and using the application to deposit and withdraw in the Binance platform.
Saudi binance
After in-depth research on how Binance works in the Kingdom of Saudi Arabia, we found that there are many Telegram groups that buy and sell digital currencies in Saudi Arabia and can be used to both charge and withdraw from Binance. You can search for the "Arab Crypto" website and benefit from this service provided through them.
Is Binance a fraud?
Binance cannot be listed as the largest cryptocurrency exchange in the world. Binance has recently obtained many local and international licenses. The company, along with its platform, has become officially licensed in the Kingdom of Bahrain and the United Arab Emirates.
We are confident that we recommend trading digital currencies on the Binance platform and give it complete confidence, but you must ensure that you understand the Binance commission schedule when trading with this platform, and we will explain this to you in the coming paragraphs.
Is Binance App safe?
Yes, the Binance application is considered a safe application. It is subject to strong oversight by licensees. In addition, the degree of protection in the application itself is very high. When using the application, it is recommended to activate all the protection features built into the application, and to protect your account in all the ways and means available in Binance.
There are many fake and fraudulent trading companies that are taking advantage of Binance to defraud customers, and to avoid this, you should not deal with unknown people while trading digital currencies.
What are the most prominent services available through the Binance trading platform?
The platform has gained great and rapid popularity among major trading companies, thanks to the multiplicity and diversity of services provided by it, which makes it the first choice for those wishing to invest in cryptocurrencies. The most prominent of these services are the following:
-
Pairs Trading: The main service available through the platform is to provide the opportunity to trade the most popular cryptocurrencies against each other in pairs and make profits through the price differences.
-
Wallet Service: Traders can use their Binance account as a dedicated wallet to hold their cryptocurrencies.
-
P2P Trading: The “peer-to-peer” trading mode available on the Binance platform allows customers to directly buy and sell between each other, and the platform here, as the broker, ensures that these transactions are completed in a safer and smoother way.
-
How do I know how much I won in Binance?
Binance provides via its application and web platform a complete form that displays the earnings in your Binance account. This report can be downloaded or reviewed by going to your account on the platform, or you can use manual tools to record purchases and sales, such as using Google sheets.
The process of monitoring prices does not require daily review unless you are a speculator on a daily basis. When investing in the long term, it is preferable to use the permanent registration of deals. The difference between the purchase and sale price is your profit in this wonderful platform.
What is the final Binance rating?
On the Binance platform, we give a trust site a rating of 4.5 out of 5, as it is clear from the evaluation of the Binance platform and the review of the multiple and distinctive services available through it that it has succeeded in achieving its vision, which provides for creating an ideal and liberal environment for financial trading - or digital currency trading in particular - based on the structure Ultra-modern infrastructure for Blockchain systems.
It can be said that the launch of this platform was a real leap in the world of cryptocurrency trading via the Internet, and it deserved to be described as the world leader in this field, and to always come at the forefront of options for those wishing to make a profit through this type of trading.
إرسال تعليق