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Binance: What is it and How to Use it?

Binance is a cryptocurrency exchange that provides a platform for trading various cryptocurrencies. As of January 2018, Binance was the largest cryptocurrency exchange in the world in terms of trading volume.

Binance was founded in 2017 by Changpeng Zhao and Yi He. Zhao is a former CTO of OKCoin and He is a co-founder of Ant Financial’s blockchain platform. Binance is headquartered in Malta.

Binance offers two types of trading platforms: a basic trading platform and an advanced trading platform. The basic trading platform is designed for new users and offers a simplified interface. The advanced trading platform is designed for more experienced users and offers a more sophisticated interface.

Binance offers a variety of features to its users. These include:

  • A variety of order types
  • Margin trading
  • Derivatives trading
  • A mobile app
  • A referral program
  • A rewards program
  • A VIP program

To use Binance, you will need to create an account and deposit funds into your account. You can then use these funds to trade cryptocurrencies on the Binance platform.