Today, most cryptocurrency transactions take place on specialized online platforms such as the Binance platform and that it has millions of users to its credit. In fact, this site allows you to invest in several different types of digital currencies and even offers digital wallets to keep your crypto assets safe.
Thus, and to optimize the customer’s user experience, the platform now provides them with the mobile format your site, thanks to an application that can be downloaded directly from your phone. So how exactly does it work and how is it used? We tell you everything!
Everything you need to know about the Binance platform!
Binance is a cryptocurrency trading platform that allows to buy, sell and store more than 600 different cryptocurrencies, including those derived from the Binance Coin (BNB) site.
Launched in 2017 in Hong Kong, the Binance platform it is a powerful platform. It is appreciated for its ultra-secure transaction methods, in particular thanks to blockchain technology, as well as for the speed of its processing, which can reach up to 1.4 million commands per second.
Binance also offers its users other trading Services, such as staking or launchpad and allows them to store their assets in cold wallets or offline digital wallets.
What are the benefits of using the Binance app?
The Binance App it has many great features that provide several benefits to cryptocurrency traders, including the following:
- a simplified user interface that allows quick access to the commercial services offered;
- reduced or even free transaction fees, in particular for peer-to-peer crypto exchange or streaming advertisements;
- a optimized management of your crypto account with graphical tools and personalized data tracking;
- access to a multitude of different cryptocurrencies, including Bitcoin, Ethereum or Ripple.
What features are available on the Binance app?
Like the online platform, the mobile version of Binance offers the features and following financial services:
- The Spot wallet: to buy and sell crypto assets instantly;
- The futures wallet: to exchange cryptocurrency derivatives as part of a futures trading contract;
- blocked savings or participation services to store your cryptocurrency;
- financial loan services and Liquid Swap, with a credit card.
Other Binance App Information!
Here’s everything you need to know about theBinance app :
Where can I find the Binance app?
The Binance App It can be easily downloaded from the download stores that are compatible with your mobile phone, including the Apple Store and the Google Play Store.
the Binance App Registration Process it is similar to that of the online platform. Therefore, all you have to do is download the application from your smartphone or other digital medium and create your account by completing the registration form. This includes, among other things, your last name, first name, and email address. After that, choose a strong enough password for your account and wait for the authentication email to be able to validate your registration.
Thereafter, make your first deposit in the application by determining the chosen payment method, as well as the type of cryptocurrency and its amount to transfer it to your Binance account.
In order to strengthen the security system in your Binance App, it is strongly recommended to opt for the two-factor authentication (2FA) method. To do this, you will need to provide your phone number to receive a validation code via SMS message.
What are the deposit methods offered by the Binance app?
Pour succeed in the operation of buying and selling cryptos, The Binance app offers its users various deposit modes to validate their transactions. These deposit methods mainly include transfers via credit cards (Visa, MasterCard, etc.), payments via virtual wallets and vouchers, and payments from the platform balance.
What are the transaction fees on the Binance app?
the Binance app transaction fees They are very reasonable and very affordable for most customers. Thus, deposits with bank cards amount to 1.8%, while withdrawals in euros are charged at 1%. Crypto asset deposits, on the other hand, are free.