Binance is one of the world's largest Cryptocurrency exchanges. It was founded in 2017. in the Hong Kong by Changpeng Zhao. Due to China's strict restrictions regarding cryptocurrencies, they moved the company in 2018. to Malta. In 2021, the USA has banned Binance but you can use it still via VPN. Use of VPN for the crypto exchange is highly recommended no matter where you live due to security reasons. Binance is available as a mobile app and on the PC. They have their currency called BNB based on their blockchain.

   Binance is primarily known for crypto to crypto trading they have the lowest transactions fees and offer a discount to those who use their native currency BNB. Binance offers a few types of trading limit, market, and stop-limit orders.To register you need to verify your KYC and then you will be eligible to trade.

Binance also offers other ways to earn such as:

• Binance Earn offers you to stake or earn interest by depositing stablecoins with the exchange. Binance Earn offers two types of earnings Guaranteed and High Yield. Guaranteed is better for beginners it includes savings, locked staking, ETH 2.0 Staking. By going for those options you are guaranteed to get your interest rate once you stake your currency.They offer a high staking rate.
  High yield has high risk but you will earn the highest possible returns. When it comes to high yield staking you must be aware of risks to your invested funds. When it comes to this type of staking only invest what you can afford to risk, the most comfortable amount to lose.

• Launchpool allows users to stake their coins and earn returns in the form of the new token.

   

Trading on Binance basics

    First, you need to log in to your account and deposit it. Once you have done that go to the market choose the trading pair, Binance has thousands of trading pairs. Select the crypto coin which you wanna exchange then choose which type of trade you want to make. As mentioned they offer three kinds of trades: limit, market, and stop-limit orders, choose one you like. Then set the amount you wanna trade and click the desired trade option if you are satisfied with the price, that is all.

BNB – Binance coin

    The current value of the Binance Coin is USD 476,81. In the supply is 200,000,000 BNB coins, of which 168,137,036 are currently in circulation. BNB coin started as an ERC-20 token on the Ethereum blockchain. Later on, the company created its blockchain which is secured by the Tendermint byzantine-fault-tolerant (BFT) consensus mechanism.

To register on the Binance use the link:
https://accounts.binance.me/en/register?ref=237460259