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FAQ 18 – What is Binance?
Binance's history
Creation of Binance
Binance, founded in 2017 by Changpeng Zhao is a digital currency wallet and global cryptocurrency exchange platform. Binance allows us to buy, sell and store cryptocurrencies.
This exchange platform enables transactions between blockchains and wallets.
Photo by Kanchanara on Unsplash
The advantages of Binance
Binance has many advantages:
It has the most complete ecosystem in the crypto universe: with its own DeFi on the BSC (Binance Smart Chain, which facilitate fast and decentralized exchanges).
The different features of Binance:
– Buy or deposit cryptocurrencies by credit card,
– Exchange from one person to another,
– Sponsor,
– Automatic trading strategies,
– Automatic investment,
– Search for crypto-currencies,
– Trade cryptocurrencies with each other,
– Betting on the downside,
– Know the total assets owned,
– Various portfolios,
– Funding,
– Earn,
– Different purchase options,
– Low transaction fees,
– Over 600 cryptocurrencies,
– Etc.