If you're one of the Bitcoin fans and also the crypto currrency, you can not run from the exchanger. because the exchanger is our main place to convert bitcoin and altocoin.
Little Information About Binance
Binance is located in Shanghai. The exchange was led by Changpeng Zhao and its Beiji Technology company. This exchange is known for its fast processing speed. In August 2017, the exchange announced that Yi He, co-founder of OKCoin, has joined the platform.
Yi He is also known as the famous "cryptocurrency Avengelist". He is one of the most respected and influential individuals in China's online economy. After leaving OKCoin by the end of 2015, Yi He joined Yixia Technology as their Vice President. He then launched Yi Zhi Bo, a Chinese-based broadcasting platform that exploded with growth in 2016.
Binance exchanger
Binance, found online at Binance.com, is one of the exchanger for cryptocurrency which is currently ranked Top 20 according to trading volume.
The exchange has a very large volume in pairs such as NEO / BTC, GAS / BTC, ETH / BTC, and BNB / BTC. BNB is a crypto binance known as Binance Coin.
Binance is known for its low trading fees (0.1%) as well as fast transaction processing. Binance Technology is able to process 1.4 million orders at any time.
Like most cryptocurrency currency exchanges, Binance promises to offer strong security, usability, and performance. Here are some features that are advertised on the exchange:
Security & stability: Binance uses multi-tier system architecture and multiple clusters.
Multi-device support: Binance supports web browser, Android, HTML5, WeChat, and other platforms.
High performance: Binance can process 1.4 million orders at any time.
Multi language: Binance supports Chinese, English, Japanese, and Korean languages.
High Liquidity: Binance offers high liquidity in some cryptocurrency pairs.
Multi crypto exchange: Binance receives merchandise in various coins, including BTC, ETH, LTC, and BNB. Strong entry:
Binance Fee
Here are some Binance fees you should know about:
Deposit: Free
Trade: 0.1% Trading fees (if you have a BNB, you can choose BNB to temporarily cut trade fees by 50%.
Witdrawal fee
BNB: 1 BNB
BTC: 0.0005 BTC
ETH: 0.005 ETH
LTC: 0.001 LTC
NEO: Free
QTUM: 0.1 QTUM
SNT: 1 SNT
EOS: 0.1 EOS
GAS: Free
BCC / BCH: Has been verified
User Interface
Basic Exchange interface
Advance Exchange Interface
Exchanger Binance
there are 4 pairs in the Binance exchanger. xxx / btc, xxx / eth, xxx / usdt and xxx / bnb.
Staking Neo in Binance
What is interesting in this Binance, if you use, or keep NEO in the equity stake in your wallet binance, you automatically get GAS based on your saved value. if you do not understand why we get GAS when we keep NEO, try here.
Statistical Method
GAS distribution number = total distribution of GAS amount * NEO holder position ratio (with 8 digits after decimal point).
NEO Holder Position Ratio = Number of Daily Number of NEO Holders / Total Number of Daily Call Number for All NEO Users. Daily position number is determined at NEO snapshot time.
Distribution Time
Before 12am. second day of each month.
Statistics will start on Binance's first day. The first snapshot time is 8am. on July 14, 2017.
Examples of NEO / GAS distribution
User A is within the scope of statistics, and A holds NEO for three days which each have 30, 300 and 60. Thus, the daily NEO position is 390.
Assume that the total GAS distribution is 1000 this month, and the total daily number for all NEO users is 600000;
Therefore, the actual distribution number of the user A = 1000 * 390/600000 = 0.65
Conclusion
Binance is a cryptocurrency exchange known as fast processing speed and the ability to process a large number of transactions (1.4 million) at any time. It has quickly gained its place in the cryptocurrency market, and is now at number 17 in terms of 24-hour turnover.
Investor, staker, NEO fanatic, for me it is the most suitable place for you.
There may be trader opinions out there that are more interested in top exchanger such as bittrex, poloniex, hitbtc and so on. I choose to diversify my place of trading. About the saying goes, provide an umbrella before the rain. In the cyber world, we can not run from risk, fraud, scam, phishing. What is important is how we reduce our risk especially those that involve this money.
If you feel this Binance is right for you, continue registering for you to start trading.
