What is Binance and how does it work?

Binance.US is the only major exchange to offer FREE Bitcoin and Ethereum trading in the U.S. Enjoy 0% fees on Tier 0 pairs and some of the lowest fees in the industry on the rest. Trading fees are determined by your 30-day trading volume*, calculated on a rolling basis every day at 8 p.m. EDT.

What is a Binance fan token?

Binance Fan tokens are, in fact, different from Non Fungible Tokens. NFTs are one-off, unique collectibles that cannot be duplicated. While a team with their own Binance Fan Token may also mint NFTs, a Binance Fan Token is actually a fungible utility token. This means that it is interchangeable with any other Binance Fan Token of the same kind.

What is Binance coin (BNB)?

Binance has its own blockchain-based token, Binance Coin (BNB). Primarily known for crypto-to-crypto trading—trading between two cryptocurrency pairs —the Binance exchange has among the lowest transaction fees for cryptocurrency exchanges. It has high liquidity and offers discounts to users who pay in the native BNB cryptocurrency tokens.

What is Binance futures?

Binance Futures provides a test mode to trade futures for those who want to practice before starting a live mode cryptocurrency trading. The Binance exchange provides a Tier system with nine levels. Your trading fee level is 0 by default.