In this article, you will learn all about Binance- one of the most popular cryptocurrency exchanges in operation today. You’ll find out what kinds of coins and tokens are tradeable on Binance, how to sign up for an account, and much more. By the time you finish reading this post, you’ll have a good understanding of what Binance is and why it’s so popular among crypto traders.
Binance is a decentralised cryptocurrency exchange that allows you to buy, sell, swap, and hold cryptocurrencies. Changpeng Zhao launched it in 2017 as one of the world’s largest crypto trading platforms with over a million transactions every second. Binance has over 600 virtual currencies on its books and about 90 million registered users, according to its website.
Using Binance is simple and comparable to other cryptocurrency exchanges – you establish an account on the exchange, deposit fiat currency into it, and trade listed cryptocurrencies.
You can explore and buy cryptocurrencies that are listed on Binance once your account is active and you have transferred funds into it. Your Binance account also acts as a wallet- meaning any cryptocurrency bought will be stored in your Binance account.
When you invest in cryptocurrencies, you have the option of selling them for real money or trading them for other digital currencies on Binance. You may also move coins from one wallet to another and vice versa using your Binance account.
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