Binance is currently the world largest and biggest cryptocurrency platform when rated by volume of trade. Over time, binance has expanded its trading capability and is even making a conscious effort to create a $1 billion cryptocurrencies based fund which would boost its revenue and solidify its spot as the number one crypto trading platform.
The growth and development of binance are really fascinating. From a platform with over a few hundred users, binance has grown to support the transactions of over 6 million users worldwide. In addition, this cryptocurrency exchange medium now performs more than 1.4 million transactions per second. No other decentralized exchange can handle this volume of business activities in today’s world, thus placing binance miles ahead of them all.
Special Features of Binance
The great popularity enjoyed by binance is as a result of some unique features being integrated into this cryptocurrency exchange platform. This features has attracted dedicated users worldwide and has kept them using this platform for a long while. Some of the great features of binance enjoyed by users include:
• Dust clean up: After series of transactions in a cryptocurrency exchange platform, some coin fragments remain in the accounts of users. This leftovers are actually less than a full coin and are therefore referred to as dust. In most crypto exchange, it is practically impossible to trade with dust. Before a transaction can thus occur, the dust would have to accumulate over a long period of time which can be frustrating for users. But in binance, it is very easy for users to clean up dust just with the click of a button.
• Stringent security solutions: Although different cryptocurrency exchanges seek to find the best security measures to help keep their users safe, most of them have been found faulty. Other exchange platforms refuse to become innovative and just stick to the basic multi-factor authentication process. Binance -understanding that the security of users is a major concern- has decided to go a step further in protecting its users from potential hack and risks. In partnership with Greatest, binance has introduced series of security solutions from self-immune systems, cross-linked interactive security to man-machine verification protocol. Rather than the traditional style of user login, binance users would require simple but tougher security protocols which will make transactions easier and safer.
BINANCE EXCHANGE APPLICATION
As a top-rated crypto exchange platform, binance has designed and develop its own app. The aim of this app is to make it easy for users to trade, send and receive cryptos at any time and place from the comfort of their phones. Initially, the app was developed to run on the iOS, it now runs on the Android operating system in other to become available to more users.
Binance Story- My Journey To The Top.
As much as binance rose to the top, it surely did not leave others behind. I am one of the many individuals who rose to great heights climbing on the financial ladder binance introduced to the business world. Based on the nature of binance and its unique features, I will share stories of how binance helped me get to my financial peak.
1. HONESTY: as a novice to cryptocurrency, it was difficult for me to try out any trading platform that once existed. This was because most of these platforms offer huge promises and they fail to carry out over time. I had friends who lost a huge sum of money as a result of fishy promises from some crypto exchanges. When I finally decided to try out cryptocurrency trading, it was because I had seen how binance handled their transactions. When they promised that they would distribute trade prices at a certain date, they did so, sometimes even before the appointed time. Binance honesty kept my business operations running smoothly.
2. TRANSACTIONS WITH ONLY QUALITY ALT COINS: before using the binance exchange platform, I was stuck with trading cryptocurrency using only a particular type of altcoins. I lost business opportunities because the cryptocurrency platform I was using couldn’t convert from one altcoin to the other. I tried other cryptocurrency platforms and I was faced with yet another issue; they had less quality alt coins, coins that had no value in the market. Now with binance, I have traded with over 15 quality coins. In fact, over my trading moments with binance, I have noticed that companies who produce fake coins fail to approach binance for listings because binace would not give them an audience. The high value of binance coins increases my business revenue.
Conclusion
Binance as a crypto exchange platform is setting the pace for other exchanges to follow. They are truly unique as this can be seen on how the rose to claim the top spot as the best crypto trading platform available at the moment. In addition, binance is also creating opportunities for its users to also get to the top of their financial position.