An Accurate Binance Review: First Things Go First

Binance is all about crypto trading. It should be added that at first, it was focused mainly on the Chinese market, but now it has become global. So, you may find tons of Binance reviews over the internet. But we have to admit that you can also keep your funds there because it comes with an online wallet and offers great security features.

So, where is Binance located?

Primarily, the location of the Binance exchange was in China, but in 2017 they moved their servers and headquarters into Japan because of the Chinese government ban on cryptocurrency trading.

What about Binance fees?
By default, the Binance exchange website takes the 0.1% trading fee. Withdrawal fees vary depending on the payment method.

How to Use Binance?

Now let’s check how to use Binance. First of all, you might want to buy some crypto, right? So, let’s check how to buy on Binance. Buying on this platform is not that difficult. First of all, you need to create an account on the Binance website, verify it and deposit money. Luckily, the company supports the majority of payment methods currently available, not only credit/debit cards. But be aware: we highly encourage you to read a detailed Binance exchange review before you get started with trading. Plus, you need to know how to trade crypto.

Just for the record, you can store your assets on the platform. But, perhaps, you might want to use them. Now let’s check how to withdraw from Binance. After Binance login, you go to your dashboard and find the withdraw section. Specify the amount you want to withdraw (you can withdraw only the amount you have or lesser, not more), indicate the address of your wallet and that’s it. Please pay attention to the withdrawal limits depending on cryptocurrencies and payment options.

Is Binance Safe?

Just heard that somebody called Binance a scam, did you? No worries, we will explain why this may happen.

A lot of people are asking, “Is binance legit?” Besides, many people consider Binance a fraud simply because they can’t trade and have already lost all their money. But trading is a risky matter and you should not get started with it unless you know how to trade, right? Plus, you can risk only that money which you can afford yourself to lose. These are the golden rules for any avid trader. Don’t forget them in any case.

Meanwhile, Binance is a legit company that is regulated and is 100% safe and secure to use. So, if next time you’ll hear somebody asking, “Is Binance safe?”, you can know what to say.