EXCHANGE CRYPTOCURRENCIES ON BINANCE IN 2022
Well, whether as a starter or a pro in the trading, you might have been curious on which platform is most suitable for trading cryptocurrency this year. Holla! Ogareview.com has done the work for you…
With the global takeover of technology, and a light speed growth of the crypto
World, it is quite understandable if you’re dazzled by the thousands of trading platforms, springing out like reeds, with only a few having the sustainability of a cactus 🌵.
Also there are a lot of shams out there, phishing sites and fraudulent platforms with aim of swindling your hard earned cash. Lucky you,you’re on the right webpage.
In a few seconds, I will be giving you a couple of reasons why you should trade on binance, one of the world’s biggest cryptocurrency exchange company. Strap on your seatbelt, take a deep breath and let’s go!
WHAT IS BINANCE
BINANCE is a cryptocurrency trading and exchange platform, operating both on webpage and its trading app. It is currently the largest trading activity platform in terms of the exchange going on the platform on a daily note.
It was founded by changpeng zhao, a trader known in the tech space for creating high frequencies crypto exchange Softwares.
As requested by our newsletter subscribers, we will be giving answers to some questions frequently asked by binance potential users about the platform.
IS BINANCE Good FOR BEGINNERS?
This is one of the most recurring questions asked by amateur traders and yes!, binance has the most appealing user interface for beginners you can imagine.also their exchange is quite lay enough to comprehend and use, giving their users a satisfaction in all levels of trading experience.
WHY IS BINANCE BANNED IN THE US?
Well. The mother platform had to stop accepting users from the U.S , instead they had to put up the Binance.Us solely for traders from the states. Since its introduction in 2019, the main platform (binance.com) has faced a routine scrutiny, this eagle eyed ness has been overlooked on the .US platform.
Also, Binance had been under investigation by the United States government over tax fraud and money laundering, and we all know The U.S doesn’t takes tax frauds lightly. We tend to assume this is why it’s banned in the states, although this a speculation as there have been no clear cut reason for the ban from U.S authorities.
Binance.US is loved for their low fees when compared to other exchanges, and also a 25% trading discount when you pay your fees using the binance coin, known as BNB.
Sadly though, the subordinate platform is not available in all countries and also have a bit of difficulty when using their website. Apart from this few cons, binance.US is quite an awesome trading platform, like its mother.
3. Do I NEED A WALLET FOR BINANCE??
Yes sweetheart, you do. and not to worry, it also owns its personal wallet so there won’t be need for a third party wallet or such. But if you’re a crypto trading newbie, I feel it’s important for you to take not of one of the most important rule in crypto world, “NEVER STORE A VAST MAJORITY OF YOUR COINS ON ONE EXCHANGE PLATFORM “. try keeping this in mind sweetheart, it will do you a whole lotta good in the adventurous world of trading.
You’re probably thinking 🤔, ‘but why that?’ ‘Can’t I just save them all on one ?’ ‘I have a problem with recollection of multiple passwords!’ Well you will need to get your excuses sorted out , that rule is just not one that you can keep in the cellar, why because no trading platform is 100% hackproof, your profile can be hacked and your coins swindled!. So, store your coins in paper wallets and have a feeling of security. Binance has a history of being hacked too, so you see, hardware wallet your coins. I recommend ledger nano S , a virtually unhackable wallet, with security portfolios such as 2 factor authentication.
WHICH COUNTRIES CANNOT USE BINANCE
Sadly, there are handful of countries in which trading on binance is banned by the nation’s crypto regulators or vice versa. I’d hope your country didn’t make it in the list. But so what if it does anyways? A well secured VPN is all you need for unhindered access to the cryptocurrency exchange platform.
countries banned from binance trading are :
1. The United Kingdom
1. Hong kong( issued warnings)
3. Japan(issued warnings)
5. United States
there are a couple of other countries on which the ban is not so effective,hence our omission of them from the list. So…are you safe? Smiles.
CRYPTO CURRENCIES AVAILABLE ON BINANCE
This is one of the top notch reasons we recommend binance to you. Binance offers trading ability in over 550 cryptocurrencies and also virtual tokens. Notable among others is our big dude BITCOIN, ETHEREUM (ETH), LITECOIN (LTC) binance’s own coin (BNB) and lots more.
READ ALSO : 5 TRUSTED ONLINE MONEY MAKING SITES
there is always a 90% probability that the coin you’re holding ,as long as it’s legit, is available on the binance market. So why not start trading today ?? Lastly..
WHY YOU SHOULD TRADE/ EXCHANGE ON BINANCE
On an ending note, I’m going to give you a few tangible reasons why you should use binance for cryptocurrency exchange in 2022. you probably have been wondering ‘but why binance?’
First of all, the platform is well recommended due to its high liquidity and also its exchange discounts for those who are making deposits in its coin, i.e the BNB cryptocurrency tokens. Also as stated earlier on this article, binance is quite cool for beginners, no hitches and a promising user interface I’m sure you’d love,sweetheart.
Lastly, and on a super duper note is the discount given on trading fees when you refer colleagues to the platform, and also a VIP discounting for high amount traders, and also their consistent users.
So what are you waiting for hun? Sign up for binance today! Tech is the new school!!