What is Binance Exchange?

Binance is a global cryptocurrency exchange. It provides a platform for trading mover100 cryptocurrencies. The list includes Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Binance Coin (BNB). Binance adds new coins regularly.

The name “Binance” is a combination of the words binary and finance. Earlier it was termed as a crypto-to-crypto trading platform. Binance exchange has gained immense popularity because it is a credible, reliable, secure and growing exchange. The platform provides low transaction fees, high liquidity, and additional discounts if users pay in the native BNB cryptocurrency tokens.

Adding the coin to Binance provides a cryptocurrency with a temporary boost of 80 percent in market value. And Delisting from Binance is a black mark felt throughout the industry. Binance trades in crypto-only exchange and does not cater to fiat deposits.

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