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What Is Binance?

Binance, found online at Binance.com, is a popular cryptocurrency exchangecurrently sitting in the top 20 exchanges by volume.
The exchange has particularly strong volume in pairs like NEO/BTC, GAS/BTC, ETH/BTC, and BNB/BTC. BNB is the exchange’s homegrown currency called Binance Coin.
Binance is known for its low trading fees (0.1%) as well as its fast transaction processing. The Binance technology is capable of processing 1.4 million orders each second, making it a world leader in potential exchange volume. At the time of writing, Binance was sitting in the #17 spot in terms of 24 hour trading volume.

Binance Features

Like most cryptocurrency exchanges, Binance promises to offer strong security, usability, and performance. Here are some of the exchange’s advertised features:

• Safety and Stability: Binance uses a multi-tier and multi-cluster system architecture.
• Multi-Device Support: Binance supports web browsers, Android, HTML5, WeChat, and other platforms.
• High Performance: Binance can process 1.4 million orders each second.
• Multi-Language Support: Binance supports Chinese, English, Japanese, and Korean.
• High Liquidity: Binance offers strong liquidity in a number of cryptocurrencypairs.
• Multiple Coin Support: Binance accepts trades in a variety of coins, including BTC, ETH, LTC, and BNB.
• Strong Team: Binance is led by Changpeng Zhao. Overall, the company claims its team has deep experience in both Wall Street and crypto finance, along with a track record of successful startups.
• Proven Products: The underlying Binance platform has been deployed on 30+ exchanges already. The platform supports all devices and multiple languages, offering a seamless user experience.
• Superior Technology: Binance uses a certified matching engine capable of processing 1.4 million orders per second, “making Binance one of the fastest exchange in the market today” [sic], explains the official website.

Binance Fees

Here are some of the notable Binance fees you need to know about:
Deposits: Free
Trading: 0.1% trading fee (if you have BNB, you can choose BNB to deduct a 50% trading fee temporarily)

• BNB Withdrawals: 1 BNB
• BTC Withdrawals: 0.0005 BTC
• ETH Withdrawals: 0.005 ETH
• LTC Withdrawals: 0.001 LTC
• NEO Withdrawals: Free
• QTUM Withdrawals: 0.1 QTUM
• SNT Withdrawals: 1 SNT
• EOS Withdrawals: 0.1 EOS
• GAS Withdrawals: Free
• BTM Withdrawals: 1 BTM
• BCC/BCH Withdrawals: To be confirmed