Binance

Crypto Exchanges

Best Cryptocurrency exchange for advanced users

Pros

  • Discounts for high-volume traders
  • Wide variety coins available for trading
  • Availability of OTC trades-Low transaction cost-High security

Cons

  • Newbies need tutorials to understand

Features

  • Regular traders have opportunity to receive rewards
  • Binance has low fee when trading one crypto to another
  • Binance lists many altcoins

Binance offers a huge selection of different Cryptocurrencies.  

You can trade everything from the big players like Bitcoin and Ethereum to smaller, newer coins that are constantly being minted.  If you're a frequent trader and hold BNB - Binance's own cryptocurrency - you can lower your transfer gas fees.  

Binance rewards high-volume traders with lower transaction fees. You need to trade at least £35,000 within 30 days to be eligible for this though. As with most exchanges, Binance rewards high-volume crypto traders with progressively lower transaction fees, though this won't kick in until you trade at least £35,000 of cryptocurrency within a 30-day period. (Keep in mind its base trading fee may be lower than competitors’ even before you hit that volume.)

Binance also provides with real-time market data to help you make better trading decisions. Binance enables multiple order types, including limit, market and stop-limit, which should cover most crypto traders’ needs, as well as over-the-counter (OTC) trading.

To trade on Binance you'll need either US dollars, USDT (a stablecoin) or Bitcoin.

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