In the world of cryptocurrency, there are many trading platforms today and choosing an efficient platform can quickly become a puzzle.

Among all the ones I could try Binance is by far one of the best platform to trade bitcoin and other cryptocurrency (Ethereum, Neo, LiteCoin, Ada, etc.)

Beware: Binance is a trading platform that does not offer to spend deposits or transfers in Euros. You first need to go through a platform dedicated to this operation. The reason is simple is that when a platform starts to deal with fiat money (in euros or dollars) the verification constraints are much more restrictive.

If you have to make a transfer in euro to buy Bitcoin or Litecoin, the simplest and fastest and go through Bitstamp , there is no charge on your transfer. However on Bitstamp the number of currencies to trade and very limited, hence the interest of switching to Binance.

I had the opportunity to use Bittrex, Poloniex, Bitfinex and many others and for now only Binance really stands out from the competition.

Binance is a very popular Chinese trading platform, it is regularly in the TOP3 in traded volumes trading platforms. You will find plenty of corner, which will avoid you having to switch from one platform to another.


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Why Binance is one of the best Bitcoin trading platforms?

The interface is particularly refined and it is very easy to place orders for purchases and sales
The proposed graphics are useful
Trading is not high (0.1%)
BONUS: Binance offers the BNB token that can reduce trading costs by half.
Deposits appear very quickly in the interface
Withdrawals are executed quickly
Support is responsive in case of question or problem
The community is very active and Binance regularly publishes news about their activities
Binance proposes the use of "stop loss" (ie it is possible to settle a sell or purchase order when a specific value is reached)
How does the platform work?
At first you just have to register on the platform to have an account

1. Go to the Binance platform

2. Click the sign up button



3. Once registered make your first deposit to start trading.

Attention, it is not possible to deposit currencies "fiat" (euros or dollars on this platform). Only cryptocurrency will be accepted, the ideal is for example to deposit Litecoin (LTC) because the transfer costs will probably be lower than for Bitcoin and the transaction will arrive much faster.

To make your deposit, click on the "Fund" menu and then search for "Litecoin" in the list

Once the address appears, you must send the funds to that address. You can click the button on the right to copy / paste the address.



4. Once the funds are sent, you no longer have to wait for them to arrive in order to trade (count 12 hours for a Bitcoin transaction and a few minutes for a Litecoin transaction). It is possible to see the status of a Bitcoin or Litecoin network by looking on the internet the "number of unconfirmed transactions".

5. Display the "Available Pairs" by clicking the Market> Basic button



After clicking, it will display the BInance trading interface:

Binance Trading View



The green and pink menus represent buy and sell orders. You will be able on this page, to choose to sell or to buy the pair which interests you.



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Fees on Binance
The fees are 0.1% per order. You have the possibility to reduce these fees in half by buying the corner "BNB" directly on the platform. You will only pay 50% of the costs that will automatically be deducted from your BNB balance.

What is the point of holding BNB corners?

Beyond the reduction of fees, Binance is going to use 20% of its profit trismestriel to buy the BNB token users. Purchased tokens are then destroyed which increases the value of the remaining tokens. The NBB is a good way to invest without taking any particular risks

Source: binance