What is the Binance exchange (Binance)? A thorough explanation of registration methods, trading methods, and how to lift withdrawal limits.
Binance, the cryptocurrency exchange, is the most well-known exchange in the world.
It's a pity that there is no Japanese support, but it remains easy to use, and that is Binance.
In this article, we will thoroughly introduce Binance in five parts.
- Overview of Binance
- Benefits of using Binance
- Drawbacks of using Binance
- How to register on Binance
- How to lift withdrawal limits on Binance
Binance lists a lot of cryptocurrencies, so if you're curious, sign up and try it out.
What Binance (Binance) is
Reference:Twitter
Binance is a cryptocurrency exchange led by Changpeng Zhao, who ranks third in the world in cryptocurrency wealth, and in August 2018 moved its headquarters from Hong Kong tothe Republic of Malta.
Binance was born in July 2017, and by December of the same year, it had over 6 million registered users and boasted the world's highest trading volume.
Moreover, Changpeng Zhao ranks third in the global cryptocurrency billionaire list.
- Chris Larsen (Ripple co-founder), $7.5–8 billion
- Joseph Lubin (Ethereum co-founder), $1–5 billion
- Changpeng Zhao (Binance CEO), $1.1–2 billion
- Winklevoss twins (Winklevoss Capital co-founders), $0.9–1.1 billion each
- Matthew Melon (angel investor), $0.9–1.0 billion
- Brian Armstrong (Coinbase CEO), $0.9–1.0 billion
- Matthew Roszak (Bloq co-founder), $0.9–1.0 billion
- Anthony Di Iorio (Ethereum co-founder), $0.75–1.0 billion
- Block. Piers (Bitcoin Foundation chair), $0.7–1.0 billion
- Michael Novogratz (Galaxy Digital CEO), $0.7–1.0 billion
Quote:JAPAN Forbes / Founder of the world’s largest cryptocurrency exchange “Binance,” life at 41
Binance’s characteristics include easy account registration and more than 100 types of cryptocurrencies available.
Account registration does not require identity verification for up to 2 BTC per day.
Domestic exchanges require identity verification to open an account and trade, and the verification process can take several weeks.
However, since Binance has simple registration, it is easy for people who want to start using it quickly.
Binance offers more than 140 types of cryptocurrencies, and in Japan, the exchange with the most cryptocurrencies is Zaif with 15 types, showing Binance’s large scale.
Additionally, Binance has many cryptocurrencies that are not handled by domestic exchanges, so you can discover coins that may increase in value in the future.
Benefits of using Binance
There are three main benefits to using Binance.
- Low fees
- Japanese language support
- Three-layer security
Low fees
| Exchange | Bitcoin | Altcoins |
| Binance (international) | 0.1% | 0.1% |
| Bittrex (international) | 0.25% | 0.25% |
| Zaif (domestic) | -0.05% to -0.01% | 0% to 0.3% |
Compared to fees on overseas and domestic exchanges, Binance’s trading fees are low and popular.
Even Zaif, the cheapest in Japan, has 0.3%, while Binance charges 0.1% for all coins.
And by paying with Binance Coin, fees can be reduced to as low as 0.05%.
Japanese language support
Binance:Binance official site
Not everything is fully translated into Japanese, but pages are understandable with Google Translate.
Three-layer security
Domestic exchanges are.........Continue here below ⇩
>>>View on the official Virtual Currency Trivia site
