Binance🔸🔸🔸
Cryptocurrencies have earned an important space in the global economy, becoming financial instruments for investment. Cryptocurrency enthusiasts seek secure and reliable platforms to take these steps, among the favorites: Binance.
Next, we will detail what this service consists of, how Binance works, in which countries it is available, what its prices and fees are, its security protocols, and much more.
✨What is Binance?✨▫️◽
It is a cryptocurrency exchange company founded in 2017 by Chinese-Canadian entrepreneur Changpeng Zhao.
Currently, it offers services in almost 200 countries and trades more than 600 cryptocurrencies, making it one of the most important exchanges in the world.
Through Binance, it is possible to buy and sell cryptocurrencies, as well as earn money with a wide variety of financial instruments and mechanisms such as futures, staking, or leveraged investments.
✨How does Binance work?✨
The Binance system is one of the most comprehensive in the market, but the basics are buying and selling cryptocurrencies. To execute these operations, it is necessary to follow these steps:
📚Register: Create an account on Binance by entering a valid email address, a password, and the basic data requested by the system.
📚Verify your account: There are three verification schemes that will allow you to expand the operations you perform on the platform. Generally, the first two are the most necessary. You must provide some personal data, such as your mobile phone and address, as well as send an image of a personal document and undergo a facial recognition process.
📚Buy: You can buy cryptocurrencies directly from the platform using payment methods such as debit or credit cards, as well as bank transfers. You can also access the P2P market to buy from other users with a wide variety of payment methods agreed upon between users.
📚Sell: It is also possible to sell cryptocurrencies both to the platform and through the P2P market. Of course, it is also possible to hold them and save in your Binance wallet.
✨Which banks accept Binance?✨
One of the main features of Binance is its flexibility. It is probably the platform with the largest number of banking options. It accepts payments directly from banks, but not all banking entities or countries are available. However, this limitation is practically removed in the P2P market.
In this mode, all the payment methods you can imagine are available in almost any country in the world. Of course, you need a counterparty to buy or sell with the payment method you desire.
✨Countries that work with Binance✨
It is the exchange with the widest global reach, managing to offer its services in 198 countries around the globe. The platform is open to the 20 countries in Latin America, accepting the currencies of:
Argentina.
Colombia.
Costa Rica.
Chile.
Brazil.
Bolivia.
Mexico.
Peru.
Panama.
Paraguay.
Uruguay.
Dominican Republic.
Venezuela.
✨Binance Fees✨
Fees are usually not a headache on Binance. Many operations are free of fees. For example, deposits are free.
Among the commissions that do apply are the withdrawal fees, which vary depending on the cryptocurrency being transferred. You can see more details here: how to transfer from Binance to a bank account and how to withdraw money from Binance?
Commissions also apply to the purchase of cryptocurrencies with credit cards. The system charges 4.50% for these investments.
On the other hand, they charge 0.10% on trading operations and 0.50% on the instant buy and sell system.
Prices on Binance
Cryptocurrencies are very volatile financial assets. For this reason, prices vary very quickly, and this is reflected on Binance. When buying any asset, the platform will show the price of that currency in real time.
Like any exchange, the buying and selling prices maintain a slight difference, allowing the platform to earn a small margin on each transaction.
✨Cryptocurrencies on Binance✨
The platform works with over 600 cryptocurrencies, among which those with the highest transaction volume are.
USDT.
BTC.
ETH.
DOT.
BNB.
XRP.
DOGE.
SHIB.
ADA.
