Binance is a forex exchange cryptocurrency trading platform which is offering numerous cryptocurrency pairs. It is one of the most popular cryptocurrency trading platforms since it provides its users with the fastest, efficient and the most diverse exchange in the market. It began in 2017 and has gradually grown to be one of the most popular cryptocurrency trading platforms in the world. Below are some of the benefits that one stands to gain by using this amazing cryptocurrency platform.
Binance provides numerous secure trading bots to its users who are usually busy. A trading bot is an automated tool which is used to automatically trade on the cryptocurrency exchange market without human intervention. These bots can operate smoothly for 24 hours in 7 days of a week without malfunctioning. The biggest benefit of using Binance bots is that, just like computers, they can be programmed so that they can know when to buy, sell or even when to hold cryptocurrencies before selling. Another advantage is that you can reprogram them to learn the cryptocurrency market trends so that they can change their trading strategies whenever the market changes.
When signing up for a Binance account, one is required to enable a Google two factor authentication (2FA), unlike other cryptocurrency trading platforms. This 2FA is a security measure to prevent hackers from accessing your Binance account password, which is kept secure by a code which keeps on changing after every minute.
Binance gives fee discounts to its users who pay their trading fees with the Binance coin commonly known as BNB. This discount which is at 50% in the first year is cut in half for every year until the fifth year when it’s eliminated completely by Binance.
When trading with cryptocurrencies, the small balances that are left which are usually too small to trade or withdraw are known as dust and eventually get lost. But while using Binance to do your usual trading, these dust are converted into BNB and can be later used to do sell or buy cryptocurrencies.
Know also about day trading on Binance here.
Access to coins
Using the Binance trading platform, you are provided with a search option which you can use to look for other coins in the cryptocurrency market. With this feature, you can be able to buy numerous amounts of coins which are not yet available on other cryptocurrency platforms. Also, you can hold them until they have matured well enough to rake in a good profit for you.