A cryptocurrency, crypto-currency, or crypto is a digital asset
Binance is an exchange where users can trade cryptocurrencies. They support many of the most commonly traded cryptocurrencies.
Binance provides a crypto wallet for its traders, where they can store their electronic funds.
A cryptocurrency is a digital or virtual currency that uses cryptography and is difficult to counterfeit because of this security feature.
The name "Binance" is based on a combination of the words binary and finance.
The name "Binance" is based on a combination of the words binary and finance. Its exchange services were launched in 2017. It claims high standards of safety and security with multi-tier and multi-clustered architecture and delivers high processing throughput with the capacity to process around 1.4 million orders per second. It supports trading in more than 150 coins, including popular ones like Bitcoin, Ethereum, Litecoin, and its own native BNB tokens, and the list continues to grow. Like a standard exchange, it offers services around the trading, listing, fundraising, and de-listing or withdrawal of cryptocurrencies. Cryptocurrency enthusiasts willing to launch their own tokens can use Binance for raising funds through initial coin offerings (ICOs). Binance is used by a large number of traders and participants for exchanging and investing in various cryptocurrencies.
Table of Contents
1. The Lore of Binance
2. How to Open an Account
3. How to Fund an Account
4. How to Trade on Binance
4.1. How to use Binance for Basic Trades
5. Trading Fees
6. A Short Note on Binance Security
7. Who is Binance for?