Binance Exchange Review: Complete guide 2018

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Binance Exchange Review: Complete guide 2018

This Binance review will look at the exchange in light of its key features, strengths, weaknesses ,and how you can go about exploring and getting started with it as you are treading through the wonderful possibilities that blockchain technology has unveiled in our age.

An efficient and secure cryptocurrency exchange is at the heart of every successful trader, thus it remains an important step to pause and consider the kind of exchange you are about to fall for. Among the most notable exchanges on the web today, Binance remains one of the most prominent names which is why we endeavored on this special effort to consider all the necessary aspects of the exchange to aid both the curious beginner and the seasoned crypto investor.

What is Binance?

Binance is a cryptocurrency exchange that has its roots in China through two renowned computer scientists, Changpeng Zhao and Yi He. The duo formerly worked with OKCoin before launching the exchange in July 2017 after a successful initial coin offering which managed to raise $15 million. Upon realizing that China did not have provision for a crypto friendly environment as the government decided to ban cryptocurrencies, the exchange was moved outside the country and ended up in Malta as the headquarters.

Unprecedented success followed the exchanges establishment as it achieved the status of world’s largest cryptocurrency exchange based on trading volume in less than 1 year. On average, the exchange boasts of a daily trading volume of $1.4 billion. The exchange is crypto-crypto in nature meaning that it does not support fiat-cryptocurrency exchanges.

It also boasts as one of the exchanges with a huge portfolio of coins and tokens amounting to more than 200 in number, and features its own digital currency named Binance coin (BNB). Now let us look at how you can get started with the exchange.

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