Heroes of Ukraine

«Market Leader» - news and previews making you rich.

Saturday, 30 May 19:51 (GMT -05:00)



Foreign exchange market

Binance and Cryptocurrency Exchange


These days, Binance is a a giant in the world of cryptocurrency exchange. It wont' be an exaggeration to say that this is a Microsoft or a Mercedes in the world of cryptocurrencies. This is a major brand and a symbol of security for those investing in Bitcoin and other digital currencies.
 
Just go to coinpaprica to see that the Binance token (BNB) is leading the niche with the biggest market capitalization. In this article, we will try to help you get familiar with the specifications of the trading platform and show you how easy it is to get started with trading and investing on Binance.
 

Market Pioneer

 

Changpeng Zhao, founder of Binance, can be considered a pioneer in the market of cryptocurrencies. In 2017, he founded a cryptocurrency exchange, which is currently on of the leaders in the industry. Some experts have been trying to estimate its market capitalization. Some of them even say this is a 9-digit figure!
 
CZ himself, who is often referred to as CEO of Binance, is also the founder of Fusion Systems, a company involved in developing high-frequency trading (HFT) solutions for various investment companies in Shanghai, China. But that's not all. He was also involved in the creation of Blockchain.info and used to be CTO of OKCoin. 
 
If you have ever pondered upon the name, that's a merge of binary and finance, which gives Binance. It was officially launched in June 2017 and gained 15 million dollars during the ICO by selling the BNB token. When considering the current value of the token, we can say that Binance seems to have been a success so far.
 

Binance: Fees and Discounts

 

The registration is free. Still, BInance charges each transaction with a 0,1% fee. OK, no let's go back to the BNB token. Apart from buying and selling it, owning it has a number of advantages. For example, you can use the tokens to pay those transaction fees. All you need to do is check the corresponding option in the platform settings, and you are good to go.  This may well be a good option many users. With that being said, it seems like the token acts as an internal currency for the platform. Other currencies allowed on Binance: USD, EUR, JPY, RUB, UAH, KZT, AUD, CNY, and some others.
 
Another good option is relative anonymity. You can simply register and start trading without ID confirmation. In this case, the withdrawal limit is 2BTC. After verifying your ID, you can withdraw up to 100BTC a day.
 
Moreover, it would be safe to say that having a Binance account may soon become a must-have option for each seasoned trader or investor dealing with cryptocurrencies. Why? Thanks to its scale and popularity, the exchange guarantees outstanding liquidity. Placing a token on this exchange is a sign of serious ambitions. And finally, Binance is all about transaction speed. It operates on top of a certified algorithm capable of processing 1,4 million orders a second.

 

You are free to discuss this article here:   forum for traders and investors

 

Add to blog
Got a question? – Ask it here »
 

EU To Launch Anti-Crisis Fund

France and Germany, the economic leaders of the European Union, have promoted the idea to start a special fund to back the economic recovery after the crisis.
Publication date: 30 May 04:31 AM

Choosing Forex Brokers Wisely

Choosing the right forex broker to go with is a big challenge for most traders and investors out there. This challenge requires taking a lot of factors into account. Transaction expenses should be one of the key factors when making such a choice. They are crucial when it comes to trading, but when it comes to long-term investing, the safety of client funds almost matters a lot.

Publication date: 28 May 12:29 PM

Forex and Cryptocurrencies Forecasts. End of May 2020.

Right before the start of the last trading week of May, NordFX experts came up with another set of market predictions for the forex and cryptocurrency markets. Their predictions are based on the consensus forecast compiled from various market forecasts made by various market experts as well as the result of technical analysis. The period is May 25th - 29th. So, this is what those predictions look like:
Publication date: 24 May 01:41 PM

Only 4 Of All Existing Billionaires Made Their Fortunes With Cryptocurrencies

Publication date: 25 April 11:54 AM

Bitcoin Grows. EOS May Lead The Market Thanks To Blockchain

Bitcoin gained a good momentum along with the rest of the cryptocurrency market after good news from China. However, EOS may become the locomotive of the movement.

Publication date: 22 April 01:54 AM

DNB's Open For CBDC

De Nederlandsche Bank (DNB), the central bank of the Netherlands, is reported to be open for the CBDC of the ECB. CBDC stands for central bank digital currency. This was officially backed by a 45-page report released on April 21st. With that being said, DNB is ready to play one of the key roles in adopting digital currencies by the global banking system.

Publication date: 22 April 12:47 AM

Bad Economic Figures From USA. Wall Street Reacts.

This time, we are dealing with a peculiar situation. In particular, now that we are facing truly bad figures, the market reaches to them not the way we expected. When it comes to fighting the COVID-19 pandemic, there's almost no positive progress. That's is why international investors are now trying to find some good news in the economic field. Can we actually see some improvements?

Publication date: 02 April 04:04 AM

Dollar Regains Strength, NordFX Reports

Right before the start of another trading, NordFX experts came up with another set of market predictions for the forex and cryptocurrency markets. Their predictions are based on the consensus forecast compiled from various market forecasts made by various market experts as well as the result of technical analysis. The period is March 30th - April 3rd. So, this is what those predictions look like:

Publication date: 01 April 02:15 PM

Dollar Becomes Safe-Haven Asset Amid COVID-19 Pandemic

Publication date: 22 March 07:48 AM

Fed Cuts Interest Rates. What Does It Mean For Bitcoin?

Publication date: 17 March 12:14 AM