5 reasons why Binance is the best marketplace
Many times, we wonder which is the best exchange to buy and sell crypto-assets. There are many markets to choose from and many currencies to buy. But we recommend Binance marketplace and there are several reasons to choose this platform.
What is Binance?
Binance is the largest cryptocurrency exchange in the world. It does not have any physical offices or licenses to operate in the markets and is as big as the London, New York, and Hong Kong stock exchanges combined. It currently moves 76 billion dollars a day. How has he achieved all this?
Binance started four years ago, has transformed into the leading cryptocurrency trading exchange. It does not have a physical central office or license. Its executive director does not respond in this regard.
Binance processes more transactions for cryptocurrencies such as bitcoin and ether each day, worth $76 billion, than its four largest competitors combined, according to data provider CryptoCompare.
Here we are going to show you 5 reasons why Binance could be the right choice for you.
- Higher volume of capital:
It has a daily volume of more than USD 2,000,000,000, which makes it the second Exchange with the highest volume currently traded, being surpassed only by Bitmex, which only allows the purchase of bitcoin. However, Binance offers more than 150 coins to buy and sell.
- Excellent reputation:
In the crypto-world, it is important to invest in entities that convey trust. This case is especially important with exchanges because to buy and sell it is necessary to directly deposit our bitcoins on their platform.
Binance has a great reputation, reviews of the exchange are mostly very good, and there have been no known reports of losing money. Additionally, the entity’s work team is always willing to help and answer questions.
- Low transaction costs:
Transaction costs are very low. They only charge a 0.1% fee per trade, which means if you purchase USD 1000 of bitcoin, Binance will only charge 1 dollar for the trade.
The best part is that if the BNB coin is bought, the transaction costs are cut in half, automatically generating a higher return per trade.
- Capable of processing 1.4 million transactions per second:
The possibility of making money with crypto-assets lies largely in the ability to buy and sell quickly. On many platforms, there is a delay in the execution of orders and this can cause a decrease in profits and an increase in losses.
- Has a referral program:
By creating an account on Binance you have access to a referral link that you can share with whoever you want without limiting the number of people under your account. The program, which has worked very well, seeks to attract more people to invest in the platform by sharing a part of the transaction costs with its users so that they permanently earn 20% of the transaction costs of the people who They have entered with your link.