Binance Review: The Binance exchange is hosted at binance.com and as I stated above, it has grown in popularity recently. It has actually cracked the top twenty in terms of exchange volume, which is quite impressive. This popularity growth has led the exchange to actually create their own cryptocurrency, known as Binance Coin (BNB). You can exchange your cryptocurrency such as Bitcoin (BTC), Antshares (NEO), and Ethereum (ETH).
Some of the perks of Binance include incredibly low base fees of just 0.1% to use the exchange. In addition to that, Binance boasts having lightning fast process times for currency exchanges made on the site. In fact, their technological infrastructure allows them to process as much as 1,400,000 orders every single second. This outclasses every other major cryptocurrency exchange on the net. All of these perks have allowed Binance to compete very successfully with other major cryptocurrency exchanges. It is close to cracking the top 10 in daily trade volume, sitting at a very modest #12 right now.
One aspect of you becoming buyer and seller of any digital currencies is that you are always going to be hit with fees and charges no matter which exchange you choose to use, and it is always worth you spending some time comparing what the fees are, so you can select a cost effective digital exchange to make use of.
You will be pleased to hear that there is no fee what so ever when making a deposit into your Binance account, however there is going to be a 0.1% trading fee levied upon you each time you use their exchange.
They have recently been offering a promotion whereby if you choose to use BNB you will be given a 50% reduction in the trading fee.
However, please check their website to see if that promotion is still value. Also be aware that there is a fee to be paid for a withdrawal and you should checkout their website for they have a huge number of withdrawal options all of which has its own associated withdraw fee.
Withdrawals from Binance
At the time of compiling this review of Binance I counted 99 different methods that you are going to be able to make a withdrawal from your Binance account, and as such there is no doubt in my mind what so ever that if you do sign up to their exchange you are never going to find it difficult to make a withdrawal from your account.
Customer Support Details
Due to the sheer number of customers that Binance has, they have utilized a section of their website which is where you are going to be able to look up the answers to any questions that you may have as opposed to being able to directly contact a member of their support team.
However, it does have to be said that their exchange is a very easy one to make use of and they do make real time announcements on their support page if any aspect of their exchange is experiencing any type of problems, outage or delays.
So you will always be keep fully up to date when using their exchange and will rarely if ever experience any type of problem that will require the intervention of their support team.