At this time, the digital currency exchange market is filled with a wide variety of choices, therefore choosing the right exchange or trading platform can be quite a headache for both novice and veteran cryptocurrency users.
Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services.
Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.
In our review, we will attempt to outline everything that you need know about Binance, including how it works, the crypto pairs that you can exchange, trading fees/limits, security aspects, and customer support.
How the Exchange Works
Those who visit Binance for the first time will quickly notice that the platform offers two options for digital currency trading- basic and advanced.
Neither the basic, nor the advanced versions are bound to be easy to use for complete beginners. However, anyone with a background in digital currencies and with a bit of knowledge into how exchanges work should be able to use the platform and its different services.
The main difference between the basic and the advanced version is that the advanced one offers more-in-depth technical analysis of digital currency value over time.
At this time, the dashboard for the basic version offers several graphs and charts for the pairs that you’re trading, order books, and trade history.
This is what the basic view looks like :
The Basic view is nicely designed and well laid out, all the information you need is clearly presented with prices on the left, graphs in the center along with the buy and sell boxes and the trade history is presented on the right so you can quickly see what the latest trade prices were.
And this is what the advanced view looks like:
The advanced view uses a…