Binance is the largest crypto exchange in terms of the number of regular users and adjusted volume on Coinmarketcap. This is one of the most popular exchanges among both beginners and experienced traders. Binance has gained popularity due to its numerous trading pairs and low trading commissions. It also has a good reputation in terms of security, speed, and support. So what made Binance such a popular exchange among traders?

Binance Review

Binance was founded in September 2017 in China and has since opened offices around the world. It has its own cryptocurrency, Binance Coin (BNB), with a market capitalization of $ 2.7 billion. A total of 430 cryptocurrency pairs are traded on Binance with BTC, ETH, USDT, TUSD, USDC, BNB and PAX as quoted currencies. 150 pairs are traded against BTC, and 140 pairs are traded against ETH.

Binace launched Binance DEX in February on a test network and is preparing to launch Mainnet DEX in late April. Users can already create wallets and exchange tokens on the Binance decentralized exchange.

You only need an email address to start trading on Binance. It has basic functionality for casual traders and advanced functionality with in-depth technical analysis tools.

Deposit and withdrawal fees

Binance exchange does not have a Deposit fee. In addition, Binance recently added the ability to make deposits with a credit card via Simplex. The withdrawal fee varies for all currencies. The Commission for withdrawing bitcoins is 0.0005 BTC, for ETH — 0.01 ETH. The amount you can withdraw depends on your account level. You can level up by providing Binance with the requested personal information.

To sum up, we can say that the Binance exchange is quite easy to use and is suitable for both beginners and professional traders. The variety of cryptocurrencies for trading and low fees certainly contribute to the popularity of Binance and its leadership among exchanges. The exchange also has a solid reputation in terms of security. Once you are comfortable with Binance, check out our TradeSanta automated trading bots on Binance, which will make trading even easier by placing orders according to your filters.

In order to start working with the binance platform, the user must Top up their wallet . If the user has only Fiat, they should use the aggregator of exchange services and buy cryptocurrency with traditional money, and then transfer it to the exchange’s balance. It has also recently been added the ability to buy cryptocurrencies for Fiat directly in the interface of the Binance website, using VISA or Mastercard cards.

To Deposit cryptocurrency into the account on the tab labeled “Asset” you need to go to the page “Withdraw cash”, then the participant will be available in a wide range of cryptocurrencies and next to each button “Deposit”. You need to select the appropriate asset, click the button and top up your balance. Basically, beginners use the classic version – PTS, and then purchase coins using other alternative options.

How to withdraw bitcoins from Binance

Withdrawing bitcoins from your Binance account is very simple. After making sure that your Binance account is safe to use and fully verified, you can start making deposits and withdrawals.To access the platform, go to the official website of Binance.

Once The site is up and running, log in to your registered account or register if you haven’t done so yet.

Keep in mind that Binance does Not support transactions in Fiat currency (US dollars, Japanese yen, etc.).

Click tools in the upper-right corner of the website.

Select the bitcoin. You can enter it directly in the field, so you don’t have to view the entire list.

Enter the address and amount. Make sure you enter the correct address, as transactions can no longer be canceled. If your funds are transferred to the wrong address, you may lose your money.

Click “Send”.

The system will now send a confirmation message to your registered Binance email address. Open the withdrawal confirmation email and make sure that this is your expected transaction, then click “Confirm withdrawal” when you want to continue withdrawing funds.

To check pending and all transactions, go to “History”.

That’s it! You have successfully processed the withdrawal of bitcoins from your Binance account.