Binance is a Malta–based cryptocurrency exchange founded by Changpeng Zhao (aka CZ) in July 2017. CZ’s company Beijie Technology created the exchange after a successful ICO that raised $15 million.
Investors who invested in the ICO got Binance Coin (BNB) in return which can be used to trade cryptocurrencies and pay for fee on Binance. BNB’s initial value was around $0.1, and as Binance got more and more popular the coin appreciated in price. At the time of writing this article BNB coin rate is approx $17.5. Its ATH was aprox $40.
“The real world is not binary, fiat or crypto. We may not be able to advance [crypto adoption] in one big giant leap. We can have more degrees of decentralization.”
Binance CEO Changpeng Zhao (CZ).
Read more: Best cryptocurrency exchange in India
In this article I will cover all the aspects and features of Binance exchange and its complete services. So lets get started.
How To make Account in Binance
To create your account in Binance involves a simple five-step process. I am going to explain all the five steps in detail.
Step1: Signup with you email address
To create an account on Binance, open Binance.com then click on signup. After clicking on signup, it will ask you for your email address and password. Fill in all the details correctly and click on the Create Account button, it completes your first step of registration.
create your new binance account
Step2: Verify your Email address
Immediately after signing up you get a verification email to verify your registered email address. You get a verification code in your email account inbox, just enter that code to verify your email address.
Step3: Verify your Identity
Now its time to verify your identity, in this step it will ask you to enter the details of any of the identity proof among three:
- Passport
- Driving License
- Identity Card
After choosing any of the required identity proof, you just upload the front and back image of the same document followed by your recent selfie. This will complete your third step.
Step4: Complete your Facial Verification
To complete your facial verification it is recommended to use your mobile phone because it is more friendly in mobile devices.
Step5: Enable 2FA (Two Factor Authentication)
To enable the security feature in your Binance account you just enable the 2 Factor authentification code. For that you just click on Activate 2FA and scan the given QR code in your Google Authenticator or Authy App and enter the random six-digit code to get you 2FA enabled.
Congratulations!!! now Your Binance account is ready for use.
Products offered by Binance
Exchange
Binance exchange is the world’s most trusted platform for trading your crypto assets. It was not so easy for binance to achieve this milestone, after its inception when big market player were already exists in the market. Binance innovate the engagement technique of its users and create history. Currently you get more than 400 trading pairs in binance with more than 15 language support.
Binance exchange offers two types of trading features one is basic trading and another one is advance trading. There is not much difference between these two, the only difference of the in depth additional technical features in advance trading. However if you are naive then you find both the options tough but after gaining very less knowledge of trading you can start with the basic trading feature.
Academy
Binance ancademy is ann another platform of Binance That allows their users to collect all the information about the technical and non-technical terms used in cryptocurrency world. If you have any thing in mind related to cryptocurrency just go to binance academy and rest work would be done by it.
BCF
Blockchain Charity Foundation is a nonprofit organization dedicated to achieving global Sustainable development by unlocking the power of blockchain. We develop and test viable solutions that address the root cause of social problems to guide people out of the poverty trap. We hope the transparency and inclusiveness of the blockchain donation system will trigger donors’ willingness to participate and motivate end beneficiaries to fundamentally improve their living conditions.
We believe no one should be left behind during the ongoing blockchain revolution and we are determined to bring the benefits of this revolution to the people who had no access to technology innovation before. The foundation is initiated by Binance, the world’s largest cryptocurrency exchange by trading volume, headed by Helen Hai, UNIDO Goodwill Ambassador, in collaboration with Marie-Louise Coleiro Preca, President of Malta, as the Chair of the Advisory Board.
Card
The Binance Card does everything a regular payment card does, plus much more. It works like a regular debit card issued by your bank – which, in this case, is your Binance.com account. You simply top-up your card with funds through the Binance Card App in the form of Bitcoin or BNB, and you’re ready to go.
Info
Binance Info is a strong platform of Binance that provide the complete information of the listed coins of the Binance Exchange. Binance Info provides information in three different ways:
- Coin Information
- Coin research
- Coin Ratings
If you are a real crypto lover, you can get a detailed report of any coin from Binance Info.
Labs
Binance Labs is another venture of Binance, which was established to incubate, invest and empower blockchain and cryptocurrency enthusiasts and communities around the world.
The mission of Binance Labs is to support the industry projects that help grow the larger blockchain ecosystem, realizing the full potential of blockchain technology and its social impact, while increasing cryptocurrency adoption globally.
Launchpad
Binance Launchpad is a token launch platform created by Binance, one of the world’s largest cryptocurrency exchanges, which is focused on providing blockchain start-ups with the knowledge, networking and everything else required to raise funds via an IEO( Initial Exchange Offer).
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Research
Binance has introduced Binance research in December 2018 to provide quality analysis on cryptocurrencies and the blockchain projects they represent. Binance Research was launched with two objectives, informative reports and endeavor of spreading knowledge of blockchain to everyone.
The main goal of Binance Research is to increase transparency and accuracy of the information in the cryptocurrency and blockchain space.
Binance Research’s main output includes comprehensive research reports on different cryptocurrencies in existence. Each report is divided into a number of different segments and each filled with data, links, references, tables, charts, and more useful information, all compiled in a single document.
Every Binance Research report will cover the following key segments:
- Introduction to the Featured Cryptocurrency
- Key Metrics and Highlights
- Recent News
- Price and Volume Chart
- Token Sale and Economics
- Roadmap Progress and Updates
- Team Overview
- Trading Data
- Technical Code Overview
- Product and Adoption Metrics
- Community Data
- Competitor Overview
You can regularly visit the Binance Research website to get complete information about the linked projects.
Trust Wallet
Trust Wallet is a fully decentralized mobile wallet application that permits you to send, receive and store cryptocurrency tokens on the Ethereum blockchain. Designed with a focus on simplicity, this open-source wallet targets to provide a platform that’s easy and straightforward to set up and use.
Trust Wallet also allows its users to store private keys in their own devices, an important security feature and includes a backup facility for easy recovery. Other features include a built-in decentralized exchange through a partnership with Kyber Network, as well as a Web3 browser that allows you to interact with decentralized applications directly from the Trust Wallet app.
Multi Language support
Binance support 15 languages as mentioned above. This makes binance a global leader.
Conclusion
Currently, Binance is handling approximately 1.5 million orders per second, That makes it world’s best cryptocurrency exchange in terms of handling the volume in the market.
Complete user experience of binance is far better than the other cryptocurrency exchanges in the world. In addition with, Binance is currently working on many domains simultaneously keeping the security of its users in mind.
Binance exchange is loved by many countries. Undoubtley and fearlessely you can create your account in Binance and start trading your assets from today.
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