Binance is one of the top cryptocurrency exchange that was created in 2017 by Changpeng Zhao and He-Yi. Binance promises to process 1.4 million orders each second and claims to have cheap transaction fees of 0.1 percent, or even less if you pay in Binance Coin. Binance has a very high liquidity and hundreds of different cryptocurrencies, but it does not support fiat/crypto trading pairs. It has a reputation for being the first platform to post intriguing new ICO’s (initial coin offerings).
Binance has one of the most reasonable fee policies in the marketplace. Deposits are free, but withdrawals have a variable charge that swings depending on the conditions of the blockchain. Binance makes depositing and withdrawing cryptocurrency as straightforward as any other cryptocurrency transaction.
The Binance App is available for iOS and Android and has all of the same features as the web interface. It’s also possible to link the app to Google Authenticator, which improves level of security.