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Binance Trading fees and cryptos offered

The largest crypto platform in the world, Binance provides access to nearly 150 cryptocurrencies, not including fiat currencies.  The operat...

The largest crypto platform in the world, Binance provides access to nearly 150 cryptocurrencies, not including fiat currencies. The operating costs are very low, which sets it apart from other cryptocurrency platforms.

What is Binance?

Binance is a cryptocurrency exchange platform. It allows you to exchange, store, sell and buy many cryptocurrencies, but also fiat currencies (dollar or euro). The platform was launched on July 14, 2017. Since the beginning of 2018, it has even been considered the largest cryptocurrency exchange platform in the world. One of the big assets of Binance is that the platform itself uses its own currency. In April 2021, Binance officially becomes the world's largest cryptocurrency exchange by sales volume.

Where is Binance based?

Binance is based in Hong Kong, and the company's CEO is Changpeng Zhao. This one became a billionaire in just a few months, after the opening of the platform. In February 2018, he made the cover of "Forbes" magazine. The name "Binance" is a contraction of the terms "Binary" and "Finance". The Binance app is also available for free in the App Store and Google Play.

What cryptos are offered on Binance?

Binance offers more than 150 cryptocurrencies, including BNB, Ethereum, Bitcoin, PancakeSwap, ChainLink, Polkadot and Litecoin. To access it, one must first register on Binance, then complete the identity verification. It's very fast and secure.

What are the trading fees on Binance?

During each transaction carried out on the platform, Binance is remunerated by taking a small commission. However, this commission remains very low since it represents approximately 0.1% of the amount. It even drops to 0.05% if the fees are paid in BNB, the currency of the platform. Binance's fees are also among the lowest in the cryptocurrency market. This is one of the reasons why the platform is so successful. You should know that if the deposits on the site are free, the withdrawals as the transactions are paying. Binance allows users to make SEPA bank transfers from your bank account. Of course, the platform first performs an identity verification.

Binance Sponsorship

Binance offers a referral system, which allows both sponsors and godchildren to earn benefits. Each time a new user is sponsored on the platform, his sponsor receives a commission on the fees as soon as his godchild makes transactions on one of the two markets: Futures Binance or Spot. To invite a friend to the platform, you must therefore send him a Futures referral link or a Spot referral link. By clicking on one of these links, the godchild benefits from a reduction in transaction fees.

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