Binance Review

INTRODUCTION

So many of us go through life wondering “What if?”.  “What if I made that investment?”.  “What if I took the chance?”.  These are the questions we all ask ourselves at some stage in our lives, especially when it comes to our finances and what risks we should take to propel us into the realms of our financial ideals.

As cryptocurrency is growing rapidly in popularity throughout the world, like-minded investors are looking for secure platforms which they can use to make their financial leap of faith and in which they can safely gamble their hard-earned cash on the workings of the digital playground of crypto-trading.

One such popular playground is a platform called Binance.

Binance

A brief overview of Binance

Founded in 2017, Binance has grown to become the world’s largest platform by volume for cryptocurrency trading, buying, and selling.  This platform, registered in the Cayman Islands, offers a wide variety of cryptocurrencies in which the typical enthusiastic investor just might be interested, including Ethereum, Bitcoin, Dogecoin, Litecoin and so many more.

The crypto-trading giant has an estimated 13.5 million users worldwide.  Let me give you a quick look at its achievements in 2019, according to their official website:

  • Increase of users to 15 million
  • Daily trading volume of $ 2,852,591,345
  • 16 official languages supported

This is impressive, to say the least, and who knows what records they’ll reach in the coming years.

Why choose Binance?

Binance takes pride in the safety of its users.  Some of the safety features on the platform include Two-factor authentication, Google authentication, SMS notifications, and email notifications just to name a few.  These features are meant to maintain the platform’s excellent reputation.

As previously mentioned, Binance is of the platforms that provide the widest array of cryptocurrencies in the world and is also includes BNB markets.  Users are also able to transfer cryptocurrency from their external wallets.  Moreover, Binance has an affiliate system in place.  This means that users who refer other people to the platform can get a certain percentage extra when purchasing a currency of their choice.

The affiliate system creates incentives for users to encourage others to join the platform.  A win-win situation for both Binance and its valued users. 

Although it does contain some complicated mechanisms, the platform has easy, step-by-step tutorials for beginners looking to join the crypto-currency rat race.  The overall interface is quite easy to interpret and understand.  It gives you constant updates on market fluctuations so that you, as the valued user, can be sure to make the right choice when investing your money.

With all these great benefits you also receive a 10% commission on each Cryptocurrency purchase if you sign up by clicking here!

My personal experience

I have only recently decided to give the platform a go.  I can safely and confidently say that purchasing on Binance is one of the easiest processes I had to go through.

The platform gives you the option to purchase through credit or debit cards.  This is extremely beneficial as it significantly boosts the convenience of purchases.  My purchase took no more than 10 minutes to complete.  Compared to other platforms, this is quite impressive.

What I so dearly love about Binance is that I don’t have to transfer all of my currency to an external wallet, as the platform gives users their wallet on the interface.  However, I would advise you to still transfer the bulk of your investment to an external wallet and keep only your daily trading amount on your profile’s wallet.

Final thoughts

The fact of the matter is, is that Binance is the largest cryptocurrency exchange by volume for a reason.  With its simple interface, wide variety of currencies, and variable payment options, Binance just might be the best answer to your crypto-curiosities.

What’s Next?

You can check out our post on “Top 20 Cryptocurrencies” to see the best cryptocurrencies you can buy in 2021! We will also be doing a post on the easiest way to mine Bitcoin in 2021 So make sure to stay tuned!

Quote of the day

Estian Roodt
Estian Roodt

Driven by dreams, living by high expectations.  I believe in hard work and dedication above everything else.  Average is not in my vocabulary

Hi! Feel free to leave a comment if you have any questions or suggestions!