Why is Binance so popular?

Binance is an extremely popular cryptocurrency exchange and token. Its success is fueled by speed, low fees, and sheer number of transactions. If a lot of people are using a platform, that means it’s easy to find buyers and sellers for the currency you’re after - known as liquidity. ByMatt Hussey Jan 22, 2019Jul 10, 2019 4 min read

What is Binance exchange?

Binance is an extremely popular cryptocurrency exchange and token. Its success is fueled by speed, low fees, and sheer number of transactions. Binance is an extremely popular cryptocurrency exchange and token. Its success is fueled by speed, low fees, and sheer number of transactions. What is the Binance Exchange? - Decrypt

Why does Binance keep getting shut down?

Binance is currently one of the largest cryptocurrency exchange platforms with $40 billion in daily trading volume. But why do they keep getting shut down? Well, it’s because compared to other exchanges, Binance has a very lax policy when it comes to KYC (Know Your Customer).

How does Binance coin work?

Binance Coin can be used to pay trading fees on the Binance exchange. For example, if you trade another cryptocurrency for bitcoin on the exchange, Binance will charge you a 0.1% trading fee. That’s how the company makes money. However, if you use Binance Coin to pay the fee, they will reward you by charging a lower fee.