I entered the crypto space back in late 2012 as a university student. I actually heard about Bitcoin from one of my best friends and roommates at the time. We were all new to the space and fairly clueless. As U.S. citizens, and not being technologically proficient enough to mine, etc., our options were limited to the then startup, Coinbase.
Fast forward to 2018, we have done our shares of exchanging different tokens in the crypto space. However, the services offered by Coinbase and GDAX did not satisfy our needs and access to other "lesser" cryptocurrencies in the world. This is when we entered Binanace.
(Binance logo)
For me, it was daunting to venture into a foreign exchange at first due to ignorance. Furthermore, I knew I would no longer be protected by the statutes mandated in the States should anything happen to my investments. Upon reading more and more positive reviews on the internet, I decided to take the leap and jump on Binance.
To my surprise, the exchange is easy to navigate and the tokens available for trading simply blew my mind. It is absolutely amazing how Binance managed to become the largest exchange in the world in such a short period of time!
Being active on that trading platform enabled me to expand my reach into other parts of the crypto space. For example, I entered into Steemit. Whatever I earn here could also be transferred into Binanace for my own purposes.
With looming regulations across major nations in the world, including the U.S.A., I find my decision to utilize Binance more and more a necessity. I applaud the exchange's decision to eventually move away to Malta and thus protecting not only their interests, but also their clients' in the foreseeable future.
For those of you who are unaware, @binanaceexchange is hosting a contest. The rules can be found on their Medium post.
Follow the instruction and share your story about your experience with Binance!