Binance is one of the world’s most popular crypto trading platforms, and for good reasons. Unlike many other platforms, Binance offers a wide variety of different currencies, fast withdrawal fees, and even referral bonuses. If you are interested in using a platform that is widely respected in the crypto community and wants to find one that offers robust security, then Binance is definitely the platform for you.
In this article, you will find a list detailing four of the most important things that you should know about Binance:
Table of Contents
Referral Bonuses
Referral bonuses aren’t particularly common in the crypto industry. Binance however, does offer referral bonuses. While Binance doesn’t give those referred to it free crypto, it does give referred users discounts and reductions on withdrawal and selling fees. According to the referral code pros from How To Referral, you can get up to a 45% reduction in fees by being referred to Binance with a specific code. Other platforms do offer referral bonuses, but the bonuses aren’t anywhere near as good as those that are offered by Binance. The platform regularly revises its referral bonuses, in order to keep new customers pleased.
Security
Binance’s security is incredibly robust, making it one of the most secure crypto platforms in the entire world. In addition, Binance is very careful with how it processes its user’s data. Data privacy is very important these days because hackers are able to impersonate somebody using information like one’s birthdate, address, and full name. In addition, Binance has tech support that is available any time of day in case you were to run into problems. Binance also offers its users two-factor authentication, in order to prevent people from having their accounts hijacked or hacked into by internet fraudsters.
Registration
Binance’s registration process is also much more straightforward than many of its competing platforms. Going back to security for a moment, Binance requires users to provide their identity documents in order to verify their identity. This makes the platform much more secure than many of its competitors, who don’t require this information. The requirement for this information was introduced to counter fraudsters using people’s banking information illegally to make deposits. Binance requires its staff to approve these documents before the user’s registration can be fully completed. These verification staff works hard to prevent fraudulent ID documents from being used.
Deposits
Binance allows its users to make fast deposits. This is great because when you want to trade or invest in a cryptocurrency, you don’t want to wait. A currency can begin surging instantly, which makes immediate deposits very important. If you have to wait for your money to be accessible, you could miss out on the opportunity to cash in on crypto that’s about to skyrocket in value. Binance’s withdrawals are also very speedy, which makes accessing your cash much easier. Binance also pays out to wallets very quickly, which is good for security purposes. Delayed transfers can be intercepted.
Binance is a very effective, useful platform. As this article demonstrates, the platform is much better than many of its competitors. If you’re looking for a platform, then give Binance some consideration.
