They have also extended their services to offering crypto loans and special “locked” high-yield savings accounts. They have a savings account, a “smart pool” structure for mining coins, and even recently released one of the first 0-fee crypto-funded Visa debit cards. Outside of the core exchange, Binance has some other features. The company has also recently added some support for bank accounts and credit card deposits. However, they recently added the option to buy crypto with fiat currencies like USD or the Pound Sterling ( up until the recent regulatory drama, anyway). Until recently, Binance was a crypto-only exchange. In its most basic form, Binance lets you buy and sell cryptocurrencies. Regulatory issues in certain jurisdictions Binance makes it very easy to create an account and start buying crypto. The platform accepts 200+ currency denominations and has native support for 540 currency pairs. The interface could use a little work, and as such, beginners may feel a little overwhelmed at times. Overall, Binance is an excellent platform for trading crypto. We will also look at customer reviews and give our verdict on whether the Binance platform is worth using or not. In our Binance review, we’ll cover the platform’s features, pros, and cons.
Crypto isn’t precisely standardised like currencies or securities are, so there are some oddities you have to deal with when trading them. Of course, if you have never bought crypto before, it can be hard to know which platforms are worth trying out. Other challenger banks may work, however I have only tried with Revolut, so we can’t vouch for the others.īased out of Cayman Islands, Binance is one of the largest platforms for trading cryptocurrencies, and traders have access to more than 540 trading pairs.
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