BINANCE is currently the largest cryptocurrency exchange in the world. Founded by Jao Changpeng in Hong Kong. After that, it moved to Malta in 2018. The stocks we handle are specialized in virtual currencies, and you can trade more than 200 stocks. It is also an advantage that you can register immediately because you can register only with your e-mail address, and you can start trading immediately. As it is the largest overseas company, it is recommended for all traders. BINANCE is very convenient because you can trade on both the PC site and the smartphone app.
Binance is a cryptocurrency brand operated by Binance Holdings. Ltd. The cryptocurrency trading service will be available in 2017, and it is still an emerging company.
|Company Name||Binance Holdings. Ltd.|
|Business start date||2017|
|number of employees||2000|
A financial license is issued by the financial authorities of the country and is a permit for conducting a financial business. Without this, you cannot carry out business activities. The countries with strict examination standards in the world are said to be the United Kingdom and Cyprus. The UK Financial Conduct Authority (FCA) has very strict not only license acquisition but also maintenance standards, such as having to compensate up to £ 85,000 per person in the event of a Forex trader’s bankruptcy. The Cyprus Securities and Exchange Commission (CySec) is said to be the second highest screening country after the United Kingdom. So is BINANCE licensed?
|Company Name||Acquisition license|
|Binance||Financial Services Agency of Canada (MSB)|
|Binance||Central Bank of Bahrain (CBB)|
If you have any trouble, you will usually be contacted by e-mail, but the response is very quick. Unfortunately, BINANCE does not support telephone support. However, live chat is also available.
|chat||They are available 24 hours a day, 365 days a year. Use chat if you need real-time support.|
|They are available 24 hours a day, 365 days a year. In most cases, you will receive a reply within a day.|
The following languages are supported. Compared to other vendors, it is very many and fulfilling.
- Simplified Chinese
- Traditional Chinese
- English language
There are two rules for withdrawing BINANCE, so please take a closer look.
- Withdrawal fees vary depending on the currency pair.
- Withdrawals are up to 100 BTC per day.
Withdrawals can be made by logging in to the official website and specifying the currency you want to withdraw, the withdrawal address, and the network.
|Brand||Minimum withdrawal amount||Withdrawal fee|
There are the following ways to deposit BINANCE.
|Payment method||Handling currency||Reflection time||Minimum deposit||Deposit limit|
|credit card||180 countries||same day||1700JPY||530000JPY|
|Within 1 day||0～||No|
Only the following 3 items are required to open a BINANCE account. No identity verification documents are required for opening.
- email address
- Smartphone or PC
- Identity verification documents
When you access the official website, there is an item called “Registration” in the upper right corner, so click it. Then enter your email address. Enter any password. After inputting, the puzzle authentication page will be displayed, so pull the lever below to match the puzzle. When you have entered your email address and password, you will receive an account verification code email from BINANCE. Enter the 6-digit number written on it on the above page. This completes the BINANCE login.
If you would like to lift the withdrawal restrictions, please submit your identity verification documents. “Identification card,” “passport,” and “driver’s license” are accepted as identity verification documents. In addition, a bank transaction certificate / utility bill receipt (electricity, gas, internet, etc.) is required separately as an address proof. Upload your documents and your own photo. You can start by clicking “Identification” from the account mark on the upper right of the screen.
You can trade over 300 currency pairs on BINANCE. The following is an example, but you can trade many other coins.
Scalping trades are allowed in BINANCE. However, please be careful. Unlike foreign exchange, the price range of virtual currencies is very volatile. If you go the other way, be sure to decide the withdrawal point. If you go the other way, you may lose all your money.
Automatic trading is at your own risk
With BINANCE, you can automate cryptocurrency investment and get passive income with automatic investment. However, automated trading carries great risks. When a one-sided trend appears, the unrealized loss becomes large and all the principal is often skipped. Furthermore, in the case of virtual currencies, trends are more likely to occur than foreign exchange, and price range fluctuations are more likely to occur. You may lose all your money in one trade, so please understand before deciding whether or not to do it. Discretionary trading is recommended.
Low risk, low return for beginners
Beginners should not be familiar with cryptocurrency FX yet, so let’s start with low risk and low return.
Whether or not withdrawal is refused
It will be the most worrisome place for traders who actually trade. There is no Forex company that refuses to deposit, but I am wondering if I can really withdraw when I can make a profit. What about Binance, as some companies run away at worst? The patterns of withdrawal refusals from past cases are summarized below.
|Withdrawal information error||You cannot withdraw if the withdrawal destination is incorrect.|
|Under maintenance||Withdrawals may be delayed during system maintenance.|
|Hacking case||May 8, 2019 BINANCE has leaked 4.5 billion yen worth of hacking incidents. At this time, deposits and withdrawals stopped for about a week.|
|User information leak case||Information on users registered in BINANCE in 2019 leaked about 10,000. There is an incident that requires a ransom. At this time, the management side became dysfunctional, so we made up for the user.|
Since BINANCE is the number one exchange in the world, it has a lot of language support, so you should be satisfied. The feature is that email support is also very quick.