Binance is one of the biggest cryptocurrency exchanges in the world, with daily exchange volume of over $1.7 Billion USD. Binance has been featured on the cover of Forbes magazine, with billionaire CEO Changpeng “CZ” Zhao being one of the most influential figures in the Cryptocurrency industry. Binance has become one of the fastest and cheapest ways to exchange between various types of cryptocurrencies, with over 400 different crypto assets on offer. One of the core reasons why the exchange is so popular is because of the deep order books which allow high liquidity in the assets being traded. On top of this, Binance offers a range of additional services such as Lending, Futures trading, Decentralized Exchange (DEX) and staking. In this review, we’ll look at the various products on offer and the security features on Binance.
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Basic and Advanced Trading Interface
Binance caters to both enthusiast and professional traders via two separate distinct interfaces. Basic mode offers a simple to understand trading interface with core features such as Buying and Selling. This allow enthusiast traders to quickly buy or sell the asset without needing to understand complicated trade orders.
Binance takes professional trading to the next notch with Advanced Mode. The mode features a multi-functional and customization interface with a night mode theme. This is important for professional traders as it significantly reduces eye strain when reading charts on the exchange. Charting features are also taken to the next level on advanced mode, with the vast array of tools available on Trading View. This allows traders to easily plot moving averages and draw elliot wave patterns (check out our technical analysis section for more info).
Advance mode also features conditional trades such as Limit orders and conditional orders.
Binance Team and Founders
Binance’s CEO ChangPeng “CZ” Zhao has been featured as the most influential person in cryptocurrency of 2019 by CoinTelegraph. CZ has over 500,000 followers on Twitter and other social media.
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