Once upon a time, a great Queen lived, ruled and taught “If you love something, love it completely, cherish it, say it, but most importantly, show it. Everything is temporary but love. Love outlives us all.” Long live R. Queen!
Stay tuned, for I shall say and show why I fell in love with Binance.
What is an exchange?
An exchange is like a market and the only thing you would expect to find in any market be it traditional or online market is buying and selling of goods or services. Any exchange should enable you to trade through buying and selling. But what is traded in these exchanges? Definitely not potatoes.
Through an exchange you can buy and sell or even hodl securities, commodities, derivatives and cryptocurrencies. A cryptocurrency exchange enables any trader/ investor to trade in cryptocurrencies: bitcoin and altcoins. Altcoin means any other cryptocurrency other than bitcoin.
Binance is the leading altcoin exchange worldwide. This is in terms of volume traded.
You can imagine the capabilities of such high liquidity, talk of the comfort in knowing that you can transact at any time of the day you choose to. Binance hosts a wide range of more than 100 cryptocurrencies.
Binance is the leading altcoin exchange worldwide
The first time that I joined Binance Exchange I fell in love with its interface. Believe me you, it was a breath taking moment. Such a lovely trading interface .One that I had never witnessed before. The combination of colors is just amazing. Look at this:
Check this, the exchange certified matching engine is capable of processing 1,400,000 orders per second making it the fastest exchange in the market. INCREDIBLE!
After owning an account I had a chance to have a referral code that I could send to anyone, anywhere to help them join the exchange. Please note that it’s not only me but anyone with the account can join the referral program. You have no idea how exciting it was to forward the code to my friends. I did it willingly and generously. They say it best “It pays to have friends!”
Then came the trading fees. The first thing you would expect in an exchange is crazy fees. But interestingly, it’s the only exchange I have come across so far with such lower fees. A flat 0.1% fee on each trade regardless of whether you are a seller or a buyer.
If you happen to trade with BNB which I highly recommend you get a 50% trading discount. Owning BNB gives you many opportunities to interact with in the platform. Think of paying any fees be it exchange fees or listing fees.
binance has a flat 0.1% fee on each trade regardless of whether you are a seller or a buyer.
A few months later Binance rolled a new feature that was not only cool to the look but also to the use. “Crypto dust!” Crypto dust refers to the smallest amount of a cryptocurrency which is lower than the minimum limit of a valid transaction. Basically, the value is less than the transaction fees. So simply it’s impossible to use. But this new feature lets the Binance users convert crypto dust that is equivalent to 0.001 BTC to BNB tokens. How innovative! I remember sharing the good news with my Telegram friends. It was a happy moment.
Finally, I had to save the best for the last. Nothing is as inspiring as a good leader. A leader who knows the way, goes the way and shows the way. Meet the young, handsome and intelligent Binance CEO, Changpeng Zhao aka CZ.
Through him, this great digital asset exchange has risen within a period of less than one year to become one of the most popular exchanges worldwide. When I first read about his profile on LinkedIn I was amazed by how far CZ has travelled in the world of technology. A wise man once said technology is a blessing put at the disposal of believers. In him I see a believer, a visionary and a world changer. A crypto world, a transparent world and a peaceful world. Long live crypto! Long live Binance!
Author: Victoria Makena