Binance Exchange Review - Withdrawal Speed, IEOs & Markets | BitReporter

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Binance Exchange Review - Withdrawal Speed, IEOs & Markets | BitReporter

Binance.
Binance unquestionably one of the top cryptocurrency exchanges in the world. A quick look at it's daily volume as well as public wallet balances confirms this.
Table of contents.
Overview and History.
The crypto world has always been filled with one fraud to the other to the point that it's almost synonymous. This doesn't exclude exchanges, for that matter, with several high profile exchanges that turned out to be exit scams,  kust binance pärit the biggest would probably be Mt. Gox back in 2013. But in the bull market of 2017, one challenger has quickly risen to the top, it's name is none other than Binance. Binance unquestionably one of the top cryptocurrency exchanges in the world. A quick look at it's daily volume as well as public wallet balances confirms this. It's rise to fame has been meteoric, even by Crypto standards. Launched in 2017, Binance has catapulted itself to the top taking down far bigger players along the way. By 2018, it has cemented itself as the king crypto exchange which were held previously by Poloniex and Bittrex.
It's hard to imagine Binance without its eccentric and outspoken leader and CEO Changpeng Zhao, also known as CZ. You can love him or you can hate him, but one thing's for sure, you will know about him. Although Binance has been relatively new, CZ has been in the Crypto and trading scene for more than a decade already. He founded Fusion Systems in 2005, which built high-frequency trading systems for brokers. He was part of the pioneering team that built the crypto wallet Blockchain.info. Later on, he joined the OKCoin team as the CTO in 2013 before starting on his own with Binance in 2017.
Currently Binance is based in Malta due to the more crypto friendly regulations there. They started out in China,  calcolatrice binance p & l moved to Japan and  ukuhoxiswa kwe-binance ku-akhawunti yasebhange eventually settled in Malta.
Binance Ecosystem.
What started out as a crypto exchange has evolved over the years into a full ecosystem. Aside from their BNB token use cases which will be discussed below, Binance has released tons of new products into the market. They have products that cater even to other exchanges (e.g. Binance Cloud). For this guide, we will focus on the retail aspect of Binance.
Binance Academy, Info and Research.
Binance Academy is the section of the company that is made for new users. It covers a wide array of topics and aims to be an educational resource to help inform people who just got started on crypto. It's very helpful to have this especially with more and more new people joining the crypto.
Binance Info and Binance Research on the other hand are resources more tailored for  בינאַנסע טר more experienced traders and crypto investors. It aims to give readers an overview and summary about different projects. This covers not just tokens that are in Binance but also others since it is a requirement for tokens to have their info displayed here to even be considered to be listed on Binance. They also regularly publish reports about different tokens so it's a good resource to start at when you're doing your own research.
Binance Charity Foundation.
Binance Charity Foundation is the charity arm of Binance. It has always been the goal of Binance and its founder to have a positive effect on the world not just in the crypto world but on real people through education as well as providing goods. Some may see this as just another marketing scheme, but we have to give it to Binance for spearheading an initiative like this. It's rare to see a 2 year old company already starting their own charity.
Binance Labs.
Binance labs is the venture arm of Binance. They do both incubation programs as well as direct investments in different crypto projects. One can notice that later on that most of these projects get listed on Binance, because why wouldn't they?
Binance Labs reaches out not just to hotspots of crypto activity, namely America or Asia, but also to the other continents. They have ambassadors for Africa, South America and Europe. Binance is actually rather Some of their more notable graduates include Certik, Republic and Oasis Labs. As of July 2019, they already have 2 cohorts. You can read more about it in the links below.
Binance Launchpad.
Binance Launchpad touts itself as a "token launch platform for transformative projects". It launched the IEO (Initial Exchange Offering) craze of 2019. The predecessor of the IEO is the ICO also known as Initial Coin Offering. An ICO is the first time that a crypto token has been made available for sale to the public. This is akin to an IPO in traditional markets. Before the IEO, projects that did an ICO had to make their own website, their own funding mechanism. But with the advent of the IEO, the crypto exchange handles this for you. Binance raises funds on behalf of the company while listing it for trading shortly right after.
Here is a list of the top performing IEOs of 2019. As you can see, Binance IEOs take 5 of the top 6 positions in terms of ATH ROI. IEOs tend to have a low initial circulating supply as well as a low IEO sale price. Some are even lower than private sales held months before the IEO. This could be the reason why price can pump so much.
This has also caused the price of BNB to skyrocket to an ATH of $39. Since demand for these IEOs have been sky high, Binance got creative and did a lottery to get access to the token sale. The number of your tickets corresponds to the number of BNB you hold.
Trust Wallet.
Trust wallet is a mobile crypto wallet that was acquired by Binance and is the official cryptocurrency wallet of Binance. It is also used to integrate with the Binance DEX. It is highly intuitive and user friendly. It is one of our favorite crypto wallets as seen in our How to Buy Bitcoin guide.
Binance Main Exchange.
Now to the bread and  ไบแนนซ์ t + 1 butter of Binance, the crypto exchange. Binance is one of the truly global exchanges out there. They've been very creative as well for those countries that have banned crypto exchanges or that impose regulatory risk. For example, in July 2019, Binance removed access for U.S. citizen due to the growing regulatory risk. Immediately after, Binance launched Binance U.S. or binance produktrecension America (BAM), to offer the same world class technology to American users. This subsidiary is fully compliant to US regulations and is lead by Catherine Coley, former Ripple Executive. Although it has less coins than the main exchanges, BAM has been regularly adding new coins to the array. Currently, there are 29 tokens available for Binance.us users. In Europe, Binance has a subsidiary called Binance Jersey which is a regulatory compliant subsidy with ability to deposit and withdraw Euro or British Pounds. And for Africa, Binance has chosen Uganda and launched Binance Uganda.
User Interface.
Binance offers both a basic mode and an advanced mode. Basic mode is the simplified and less intimidating user interface while the advanced mode is tailored experienced traders and chartists.
As you can see below, the basic mode gives you all the basic data you will need to make a trade. This includes the japanese candlesticks, the volume bars, some moving averages and the MACD indicator. For buying options, you have the standard limit orders, market orders as well as OCO (One-Cancels-the-Other). OCO allows you to put a limit order and a stop limit order at the same time. When one triggers, the other one is cancelled. It means you either hit your target price or your stop loss. Other features include the day and night mode and order depth view.
The left side of the screen shows the order book, while the right side shows you a search bar to switch to different charts with the trade history of the asset right below it. You can also quickly change timeframes by clicking the "time" header just above the candlestick chart.

Source: Binance Exchange Review - Withdrawal Speed, IEOs & Markets | BitReporter

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