Since its creation in 2017 by Changpeng Zhao, Binance has established itself as the largest cryptocurrency exchange in the world. With over 600 cryptocurrencies available, spot trading, margin trading, staking services, NFTs, and even its own blockchain (the Binance Smart Chain), Binance is much more than just an exchange: it is a complete ecosystem.
How does Binance work?
Binance allows users to buy, sell, and trade cryptocurrencies through an intuitive interface. It offers:
- Spot trading: direct buying/selling of cryptos.
- Leverage trading: the possibility to amplify gains (and losses).
- Binance Earn: crypto savings products with interest.
- Binance Launchpad: platform for launching new blockchain projects.
- Binance Academy: educational resources for all levels.
Security is a central pillar: two-factor authentication, SAFU insurance funds, and regular audits enhance user trust.