Binance Exchange is currently the world’s number one cryptocurrency trading exchange. Chinese-Canadian engineer Zhao Changpeng founded Binance. In 2017, he carried out ICO (issuing cryptocurrency) to raise the first funds.

So far, Binance Exchange has provided Binance Coin, Bitcoin, Ethereum, Litecoin, etc., trading more than 360+ cryptocurrencies, contract trading (short-term trading using leverage), and allows up to 125 times leverage trading.

“ICOProList” is going to review this time is the cryptocurrency exchange with the highest trading volume of cryptocurrency in the world – Binance Exchange,

Chinese-Canadian engineer Zhao Changpeng founded Binance. In 2017, he carried out ICO (issuing cryptocurrency to raise the first funds, similar to the concept of IPO, and the cryptocurrency function is similar to stocks). This token is called Binance Coin (BNB).

Investors who invest in ICO will receive BNB in ​​return, which can be used to trade cryptocurrencies on the Binance platform and pay related fees,

BNB is also the platform currency (the token issued by the trading platform itself).

After successfully raising funds, Changpeng Zhao established the Binance exchange in Hong Kong in July 2017.

Later, the server and headquarters were moved to Japan, but because China and Japan have very strict regulations on trading cryptocurrency,

Therefore, it finally moved to the Republic of Malta, which is more friendly to cryptocurrencies.

Hundreds of cryptocurrencies can be bought and sold, such as well-known cryptocurrencies such as Bitcoin and Ethereum, and even the smaller ZCoin (XZC) can also be bought and sold. Of course, investors are advised only to touch various unpopular cryptocurrencies with sufficient research.

The trading volume is larger than other exchanges, so the cryptocurrency liquidity here is better, and the trading will be smoother. For example, if you want to buy a cryptocurrency, but the transaction volume is small, it will be difficult to buy, which is also the benefit of choosing a large platform.

The trading fee is lower than that of other exchanges, and the transaction fee of cryptocurrencies is only less than 0.1% (the rate depends on the currency and method). If you use the platform currency (Binance Coin BNB), you will even enjoy an additional transaction discount.

There are ICO services, and many newly launched cryptocurrencies can be bought and sold on the Binance exchange.

For a detailed ICO introduction, Please Read: What is ICO?

Binance Exchange does not have telephone customer service and only provides online customer service.

Investing in cryptocurrency is still somewhat risky. After all, it is volatile, and the investment risk is high. However, this is not an exchange but mainly an investment target issue.

There is nothing wrong with the exchange itself. Investors who want to buy and sell crypto currencies should pay attention to having sufficient knowledge, understanding of various underlying risks, and good account security management.

As the cryptocurrency exchange with the largest trading volume, Binance supports common cryptocurrencies. Currently, there are more than 360+ cryptocurrencies that can be traded on Binance Exchange. Several common cryptocurrencies are listed below :

• Bitcoin (BTC)
• Ethereum (ETH)
• XRP (XRP)
• Chainlink (LINK)
• Bitcoin Cash (BCH)
• Litecoin (LTC)
• EOS (EOS)

For a complete list of cryptocurrencies that can be traded on Binance, please visit Binance’s official website.

Binance has become the world’s number-one cryptocurrency trading platform, providing over 360+ cryptocurrencies.

In addition to buying and selling cryptocurrencies, Binance exchange can conduct contract transactions (short-term transactions using leverage) and allow up to 125 times leverage transactions.

That means traders can multiply their profits (or losses) by a factor of 125, more than any other platform. (The risk of leveraged trading is exceptionally high, so please pay attention to the risks).

Binance futures transactions must be paid with the US dollar stable currency Tether ( USDT ). The US dollar is a stable currency mainly used to simulate the value of the legal currency (US dollar).

It is similar to the US dollar exchange rate close to 1:1 cryptocurrency because the price of the cryptocurrency fluctuates greatly. It is a relatively high-risk investment.

If you invest in a stable currency, you can reduce some risks. Therefore, stable currency can also be regarded as a safe-haven asset for cryptocurrency.

Binance Exchange is currently the largest exchange in the world. It also provides a variety of cryptocurrencies for trading so that each service will have many different rates (such as currency trading, leveraged lending, USDT contracts, currency Standard, deposit, and withdrawal).

A Binance trading fee is the most common exchange between currencies (currency transactions). Binance provides a trading fee of up to 0.1% and a minimum of 0.02%.

The difference in trading fees will be divided into 10 VIP levels from 0 to 9 according to the transaction volume of the trading account or the holdings of Binance Coin. The higher the level, the lower the transaction fee.

For different currencies, transaction fees will be given in addition to the level, depending on whether the account is a Maker or a Taker.

One of the characteristics of cryptocurrency is that the transaction cost is extremely low. All major exchanges are similar, and the competition is intense.

Therefore, for traders, the focus of the evaluation will still be on safety and user experience.

Tips on cryptocurrency trading fees: register through Binance’s 20% discount on trading fees (anti-commission)

Register on the Binance exchange through the exclusive discount code link below. You can permanently get a 20% discount on transaction fees (anti-commission), which will be more favorable than registering directly on the official website.

Exclusive link: Binance 1-minute free registration link (including 20% ​​discount referral code for trading fees)

Binance is currently the world’s largest cryptocurrency exchange. Although many countries still need to make regulatory review regulations for cryptocurrencies.

Most cryptocurrency investors will choose Binance exchange because Binance Exchange provides global transactions and trades many cryptocurrencies.

Its security problem comes from something other than the security of transactions. After all, it is the largest in the world in terms of transactions, which are very safe. If there are doubts about this part, it will not become the most significant exchange.

The main potential risk comes from technology. Since the blockchain is still a very new technology, all information is stored on the Internet, and the ownership of encrypted currency is not subject to real names. So information security is the most important consideration. 

Binance has specially strengthened the security of the trading platform. For example, when registering an account, customers must set up two-factor authentication or 2FA.

A verification code will be sent to the mobile phone as long as they log in, trade, or withdraw funds.

The website also uses the CryptoCurrency Security Standard (CCSS) to protect accounts.

The function of SAFU is like a reserve fund when hackers attack the platform.

This reserve fund is funded with 10% of all Binance transaction fees.

In May 2019, hackers attacked Binance, 7,000 bitcoins were stolen, and the SAFU fund was activated immediately.

That also allows Binance customers to have absolutely no loss of funds.

In addition, Binance’s official website and online customer service provide many languages and support.

Binance Academy, on its official website, also has a detailed introduction to the basics of cryptocurrency and even has a unit on account security.

Methods for investors to protect their Binance accounts, for example, after creating a Binance account, be sure to enable two-factor authentication (2FA).

Binance supports two types of 2FA: SMS, Google, and U2F-compatible authenticators (an authentication standard developed by Google).

This hardware device can only be plugged into a computer via USB to log in to an account, so it is also considered relatively safe.

Regarding the security of cryptocurrency assets, if there are other more perfect ways to study in the future, it will be updated again.

Binance’s account opening process is very intuitive and simple. Prepare an E-mail mailbox and a mobile phone to receive the verification code, and use the registration page on the official website to complete the account registration within 1 minute.

(Reminder: You can use the exclusive registration link to get a 20% discount on transaction fees permanently)

Detailed instructions on how to open a Binance account 

However, after completing the Binance registration, the maximum withdrawal amount per 24 hours is 2BTC. You need to go through identity verification (KYC verification) to increase the withdrawn cryptocurrency and deposit amount.

1. ICO Pro list Reviews Binance Exchange
2. Binance exchange is currently the world’s largest cryptocurrency trading platform, providing more than 360+ cryptocurrency transactions, such as Bitcoin, Ethereum, Litecoin, etc.
3. Binance requires customers to set up two-factor authentication 2FA when registering an account and uses the CryptoCurrency Security Standard (CCSS) to protect the account, and 10% of all transaction fees on Binance are also used as a reserve fund SAFU (Secure Asset Fund for Users) to prevent Loss when hacked.
4. Binance has many cryptocurrencies that can be traded, good liquidity, and cheaper trading fees than other platforms. Still, it does not provide telephone customer service, only online customer service.

Tips on cryptocurrency trading fees: register through Binance’s 20% discount on trading fees (anti-commission)

Register on the Binance exchange through the exclusive discount code link below. You can permanently get a 20% discount on transaction fees (anti-commission), which will be more favorable than registering directly on the official website.

The ICOProList review aims to enable those interested in cryptocurrency investment to have the sufficient and correct information to make wise and safe investment decisions. Therefore, only ICOProList will make a fair decision on reputable cryptocurrency exchanges.

The criteria for selecting an exchange for review will be based on the fact that it is safe and secure, has good liquidity, and is supervised by an appropriate agency at the same time, or it is completely decentralized before considering an exchange for evaluation.

“This article is for experience sharing and data collation. It does not intend to recommend any investment. The investment must be risky. Cryptocurrency is a highly high-risk investment target. Do your research and judgment before investing.”

Blockchain and cryptocurrency are very new fields and have high risks. I am continuing to study and understand.

I will record some of my research experience or experience in the social media community. I also welcome people who are more interested in this field and want to know more to communicate with each other.