This is a reputable platform for buying, selling and exchanging cryptocurrencies. The exchange was opened in 2017 in China and quickly managed to take a leading position in this area.
Today, the site is used by 37 million traders. Up to 1 million people and more make transactions here every day. The site is designed for international trading, so it has 21 language versions. This platform is actively promoted among the Russian-speaking audience.
The advantages of Binance include the following points:
- leadership among crypto exchanges;
- smart contracts;
- convenience and functionality of the site;
- ease of registration on the site;
- the ability to trade in a 24/7 mode;
- wide choice of products;
- a variety of options for funding your account;
You only need to make a few steps to buy Ether for rubles. Payment transactions are made instantly, and you can be sure that your funds are safe. This is ensured by a multi-level security system and a special SAFU fund. Binance is the cryptocurrency exchange with the largest commodity volume. This also applies to the trading of Etherium. The platform gives the user an excellent opportunity to buy this electronic money.
Traders can do with cryptocurrency as they see fit. Some prefer to store it in a Trust Wallet because it is very convenient and secure. Others use BTC, ETH for trading. In addition, the site offers up to 150 trading pairs for that. You also have the option to justify your assets worldwide. In order to transfer digital currency, you need to specify the appropriate cryptocurrency address. Additionally, BTC, Ethereum cryptocurrency is often used to pay for goods and services. Today, many companies are starting to accept digital money.
There are also many useful articles and other tutorials on the website, where users learn new things about the cryptocurrency market and how to work with it. This information will be especially useful for inexperienced traders.
Among the disadvantages of the exchange Binance are:
- The exchange has been subjected to hacking. This is a very significant disadvantage;
- traditional risks when trading cryptocurrency;
- insufficient consideration of force majeure factors;
- disadvantages of the russian, spanish, ucranian language version of the site (the quality of translation is not performed at a high level everywhere).