What is Binance exchange?

The Binance Exchange is a leading cryptocurrency exchange founded in 2017 in Hong Kong. It features a strong focus on altcoin trading. Binance offers crypto-to-crypto trading in more than 600 cryptocurrencies and virtual tokens, including Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Dogecoin (DOGE), and its own token Binance Coin (BNB).

Can I trade cryptocurrencies with Binance?

Binance is a crypto-to-crypto exchange. This means that users can only use it to trade cryptocurrencies. If you don’t already own some cryptocurrency, then you’ll need to buy some before you can start trading with Binance. I suggest using an exchange that offers fiat currency trading like Coinmama, CEX.IO or Coinbase.

How do I trade on Binance?

Start Trading on Binance Track live prices & charts on my phone Create a Watchlist & monitor my Portfolio value Trade Bitcoin on top exchanges Use CoinGecko's Data API to power my application

Where is Binance based?

Currently, Binance is based in the Cayman Islands. Binance has its own cryptocurrency, called Binance Coin ( BNB). The exchange used an initial coin offering of Binance Coin to raise $15 million worth of funding in July 2017. Discounts are offered to traders who use BNB to pay trading fees ( which I will explain in detail a little later!)