![]() ![]() You can read more about it at the link below.›› Get started with Crypto Auto Trading at Binance now. However, in 2021 they added 'Auto Invest', which is designed to help users automate their crypto purchases and earn additional passive income on them automatically. While there's no in-built copy trading feature integrated into the platform, there are third-party apps that you can integrate with Binance to auto trade on your behelf. Some of them may not be available in Ukraine as it depends on regional regulation, but normally the most common payment methods are available across numerous countries. ![]() Deposit Methods ▪ Rated at 10/10īelow you can see a list of the deposit methods available on Binance. Using BNB attracts a 25% discount on your transaction fees. Trade payment from other cryptocurrencies other than Binance Coin (BNB) attracts a 0.1% charge on the transacted amount. If traders balance their transactions efficiently, they can use the leverage to generate significant profits. The leverage range is between 1.25X and 4X. However, they must trade within a specific limit to avoid risks associated with premiums, price movements and funding rates. The leveraged tokens help traders transact without collateral. Leverage ▪ Rated at 9/10īinance has leverage tokens (BLT) which are derivatives that give a crypto-trader exposure to underlying assets. The process is a bit more lengthy than individual KYC requirements, with a questionnaire and document uploads needed. Company AccountĪs the largest exchange in the world, it's no surprise that they have corporate accounts for institutional investors. If you are lucky, the system gives you a special sign-up prize which you can use to start trading. From there, you can either deposit crypto or buy crypto using a credit card or Binance P2P. Secondly, there is account verification where the system sends a 6-number code to either your email or phone number, which you must enter on the newly created profile. The account creation process entails filling in the KYC details (email, passwords and a phone number). However, the process might change depending on the area/country of residence. ![]() The process is divided into 3 parts creating the account, verifying the account details and trade commencement. KYC & RegistrationĬreating an account on Binance is straightforward. Binance has different platform versions based on the country's regulations, such as in the US. Highly centralised - The owner holds up to 80% ownership of the traded amount on the exchange. Disadvantages -Has regulatory restriction in some countries, including the US, China and Japan. +Any marginal growth in trading reflects the global cryptocurrency prices. +Trading on the platform gives you access to the world digital currency market directly. +It has escrow services that ensure fairness in every transaction. +You can use FIAT currencies to purchase any cryptocurrency on the platform. ![]() +Binance transaction costs are lower compared to other cryptocurrency trading sites. Visit Binance now! ›› Not a customer yet? Register with Binance today, it's quick and simple! Advantages at Binance +If you are trading P2P, it does incur any transaction costs. The platform is essentially a blockchain ecosystem with features that promote digital currency growth. Outstanding traders get the Launchpad tokens that help transform their blockchain projects into reality. Other notable features are security, crypto-encyclopaedia and the Academy, where you can learn anything to do with cryptocurrencies. The prices reflect the actual position of the digital currencies in the global market. Owing to its volumes and network, it offers competitive prices. It also facilities charity events and has special research centres to advance currency digitisation and other blockchain projects. Traders can learn, purchase and sell any digital currencies. Its unique selling proposition is the cryptocurrency ecosystem. The platform records an average of 2 billion transactions in a single day, which makes it the largest crypto-trading platform worldwide in trading volume and market capitalisation. It houses all verified cryptocurrencies in the world, where traders can buy and sell their digital currencies. Binance is a one-stop shop for all cryptocurrency trading needs. ![]()
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