Binance Review 2020–
Cryptocurrency Exchange Review

Binance Review summary

Binance is a crypto-only trading platform that offers one of the most competitive rates around. If you’re looking to trade crypto to crypto-only this is probably the easiest and cheapest way to go.

The exchange accepts users from around the world and has received favorable reviews from the crypto community. Recently the exchange has also partnered with Simplex to allow credit card purchases of cryptocurrencies at a premium.

Binance is a Hong Kong-based cryptocurrency exchange launched by developer Changpeng Zhao (aka CZ) in July 2017. Zhao’s company Beijie Technology created the exchange after a successful ICO that raised $15 million.

Investors who invested in the ICO got Binance Coin (BNB) in return which can be used to trade cryptocurrencies and pay for a fee on Binance. BNB’s initial value was around $0.1, and as Binance got more and more popular the coin appreciated at price.

Beijing Technology and its founder maintain an impressive track record within the industry. Zhao’s CV includes high-profile positions, such as technical director at Blockchain.com, and his company now provides trading systems for over 30 other platforms.

Following struggles with the Chinese government’s views on cryptocurrencies, Binance now runs its servers from more lenient states, providing it with the freedom to run a competitive exchange service:

Binance is a global cryptocurrency exchange that provides a platform for trading more than 100 cryptocurrencies.
Since early 2018, Binance is considered as the biggest cryptocurrency exchange in the world in terms of the trading volume.

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