Our support team can use a reliable troubleshooting process … In the 2 short years since the launch of Binance, the exchange has already grown to around 1,800 employees. At the time of writing, CoinSwitch supports 400+ cryptocurrencies. Savings crypto on Binance is easy! Using Cex is pretty easy, you need your email ID, and you can start right away to trade crypto to crypto. The news of crypto and bitcoin exchanges getting hacked is not new, so it does make sense in diversifying your exchanges just like your crypto-portfolio. For spot trading, these fees apply at Binance: 0.10% in maker and taker fees up to 50 BTC over a 30-day volume. Binance users in South Africa can deposit Rands (ZAR) into their Binance wallet via EFT only. Once the seller confirms your payment or you show the receipt of payment to the seller, LocalCoinSwap will deposit the Bitcoin in your account. This trading volume has significantly grown since January 2018. The maximum leverage for the quarterly futures is 125X. Binance.je is a decent alternative to Binance.com for UK or Europe users to trade popular cryptocurrencies like BTC, ETH, LTC, BNB, BCH, etc.. Binance.je is, of course, a sister exchange to Binance.com but it is altogether a different entity based out of Jersey. For higher limits need to complete a basic KYC which is pretty much standard for every crypto exchange nowadays. Based on the profits from the last quarter, we would bet that Binance is currently bringing in more revenue than Coinbase. After the login, click on [Wallet] - [Spot Wallet ]on the upper right-hand side of the page. @hasp1988 @binance @cz_binance try to report from live chat. The $1B revenue posted in 2017 by Coinbase was a significant jump from the $17M revenue that was disclosed by Coinbase in 2016. estimated the current employees at Coinbase to be around 1,300, In 2016, the exchange had 117 employees according to an article published by Laura Shin. Well, the short answer is NO. Launched as recently as late 2017, Binance is a third-party exchange platform that allows users to buy, sell and trade cryptocurrencies such as Bitcoin, Ethereum, Bitcoin Cash, and hundreds more. Visit https://www.binance.com and Log in to the Binance account. Let us look into detail in this Binance exchange review now, What is Binance? So therefore in this article, we will explore what are some of the best sites like Binance out there in 2020 for buying and selling cryptocurrencies. Leading cryptocurrency exchange Binance reveals that if you had invested $1,000 on Jan 1, 2020, in both Amazon (NASDAQ:AMZN) stock and Bitcoin (BTC), you … The KYC is optional, and there are 250+ payment methods if you don’t want to meet anyone in-person and still trade cryptocurrencies. Few companies have ever been able to grow revue at a comparable rate to these two companies. Here is the list of some the best exchanges which we think are good binance alternative: #1. Binance DEX runs on its own blockchain, Binance Chain blockchain, and uses the Binance coin (BNB). This is an added advantage, but for fiat transactions, you need to complete KYC, but for crypto-to-crypto purchases, there are no such requirements. Out of all the companies operating in the cryptocurrency market, none have grown as significantly as the leading crypto exchanges. Binance is the world’s largest online cryptocurrency exchange by trading volume. Both Coinbase and Binance support users of all kinds. Coinbase was founded in 2012 while Binance was founded in 2017. This article is part of a series that compares aspects of different exchanges. Collect real-time trade or order book data, manage user exchange accounts, execute trading strategies, and simplify the way you connect to each exchange. Deposit and Withdrawal Fees The Bottom Line: Binance is one of the largest crypto exchanges in the world, if not the largest player in the market. Binance Coin price equal to 236.750 USD at 2021-03-08. Here is the list of some the best exchanges which we think are good binance alternative: BitMax is a reliable alternative to Binance. Thus enabling Europe & UK residents to buy/sell Bitcoin & Ethereum for fiat currencies like GBP and EUR. But more are expected to be added in future. If you buy Binance Coin for 100 dollars today, you will get a total of 0.422 BNB. When it comes to trading volume, there is no exchange that can compete with Binance. Additionally, Binance has its Jersey and US outfit too. This also doesn’t directly correlate to their revenue each month. Looking for Exchange like Binance to Swap your Crypto to other Currencies? The exchange is based out of London, the UK, and serves customers from 100 plus countries except for China, Middle East Countries & North Korea. Decentralized exchanges do not hold customer funds or … To get started on BitMax, you need your email ID. Exmo is another good alternative to Binance exchange and garnered decent traction since its early days of establishment in 2013. But before I tell you the similar sites like Binance, I would like to state a case. And then it goes lower from there. Instead, always use the best non-custodial cryptocurrency wallets to store your cryptos for the long term securely. Go up to any random cryptocurrency investor and ask them to name three exchanges. Binance brought in $78 million in profit in Q1 2019. While we can gather some information about Binance’s profits each quarter due to the BNB burn, we don’t have more detailed reports. Moreover, Binance has closed doors for its US customers, and thus the hunt for the next Binance like exchange is intensifying. There isn’t a single crypto trader who doesn’t know about it and even when some might choose not to use it, you’ll hardly find any crypto user who actively doesn’t recommend it. Coinbase saw similar growth when the exchange went from having a $483M valuation to an $8B valuation over the course of about a year. With everything said, we believe Coinbase has a larger user base. I know you are looking for a Binance alternative and I am glad that you have found the correct page !! Binance.je (Binance Jersey exchange) is a leading sister exchange of Binance.com launched and registered in Jersey Island, a part of the British Isles. However, Coinbase may have been bringing in more revenue even as recently as 6-9 months ago. If you want a peer to peer marketplace and also an alternative to Binance exchange, you might want to look into LocalCoinSwap. Coinbase posted $520 million in revenue in 2018. At the end of the day, it’s the employees that make a company great. At the time of writing, Exmo supports 150+ cryptocurrency trading pairs with decent liquidity of 2000+ BTC. Binance is popular for its crypto to crypto exchange services. So on an all, BitMax is an excellent option to have your account on apart from Binance exchange to trade 150+ cryptocurrencies from around the globe. In this article, we will provide you with the complete guide on the Binance exchange and look into its aspects such as its features, fees, pros and cons and much more. my problem get fixed. Quick Navigation The exchange is also one of the fastest platforms in the crypto market today. Which offers additional payment options for EU and US citizens. But in the cryptosphere, you cannot only rely on your likes and dislikes. In Q3 of 2019 alone, the exchange made a profit of $183.5 million. They are even smaller than Binance exchange along with the facility to trade on the go by using BitMax’s mobile app. The most impressive aspect of this rapid growth in profit observed over the last few quarters is that the market is still relatively stagnant since the previous bull run. This can lead to an inflation of user numbers. Binance has far more lax restrictions on registering accounts. Although this means the exchange experienced a slump after the last crypto bull market, it outlines the potential for similar or higher revenue during future bull markets. For reference, this is more users than registered on Charles Schwab. LocalCoinSwap connects you to on-ground people in various countries where you can meet them personally to exchange cryptocurrencies. They don’t require KYC, so many users have registered more than one account. Lastly, in terms of transaction/trading fees, BitMax offers meager and competitive rates. That suggests Binance may have recently overtaken Coinbase in revenue. It is like LocalBitcoins but for more than just Bitcoin. However, based on an interview given by CZ, he suggests they support about 15 million users. That suggests a 10x growth over the course of 2017 - 2019. What are the Binance Fees in South Africa? Binance.US Fees. Bitcoin futures on Binance are traded against Tether (USDT). Recently we did an in-depth review of Binance.je exchange service. However, Binance is not the only cryptocurrency company that experienced explosive growth over the last few years. but need more time to get respon from CS. Anyone from novice traders to global institutions are welcome to participate on these exchanges. We are a team of support providers that can solve the technical issues that are affecting your cryptocurrency trading. These behemoths have painted a new industry faster than Morris Katz. Binance US (Binance.us) Binance US, which was recently launched in September 2019 only supports around 20 cryptocurrencies. Cex.io is one of my favorite Binance alternatives, and I have been using Cex.io for quite some time. We’d bet more than a few satoshis that their reply will be Binance, Coinbase, and Bitfinex. Binance has completely dominated the market when it comes to trading volume. But in any case, never use these exchanges to keep your cryptocurrencies because they are not safe for that purpose. Binance Exchange is one of the fastest growing and most popular cryptocurrency exchanges in the world. The most impressive aspect of this rapid growth in profit observed over the last few quarters is that the market is still relatively stagnant since the previous bull run. During June 2020, Binance Futures had introduced quarterly futures contracts for the BTC/USD trading pairs. Although Binance and Coinbase likely have different cultures, they both feel like great places to work. If Binance continues their trajectory, they will overtake Coinbase to become the most popular crypto exchange in the world by the end of 2020. There are a few things we should consider when evaluating which exchange is larger. CoinSwitch is one of the biggest aggregators of cryptocurrency exchanges providing you the most liquidity at all times. In Q3 of 2019 alone, the exchange made a profit of $183.5 million. Their iron hold on the US retail market has driven nearly every US crypto user to register with Coinbase. Binance brought in $78 million in profit in Q1 2019. Binance 2020, trading trends on spot and derivatives. Singing-up at Bitpanda is easy, and you can use your email to get started to go on to complete your KYC. BitPanda is another exchange similar to Binance for the UK or Europe resident which is operating in this space since 2015. Looking for an alternate exchange of Binance? Cex also has its mobile apps for Android & iOS users helping users trade cryptocurrencies on the go as one would do on Binance. But at the same time, they have opened a new entity named Binance.US for US customers. Shrimpy’s Universal Crypto Exchange APIs are the only unified APIs for crypto exchanges that are specifically designed for application developers. The final verdict is these exchanges are currently neck and neck. Coinbase vs Kraken - Which Exchange Is The Best For Buying Bitcoin? Binance support number 1-213-212-3502 Binance support number 1-213-212-3502. 2. Referral Program New Referral Program Details Starting Monday, March 9, 2020, invite the best traders to open a Binance.US account and earn up to 40% of the trading fees generated by your referred trader. Complete a fiat deposit of at least €25 and trade a minimum of €25. That’s why hundreds of world-class engineers, business people, and executives have flocked to these companies. Lastly, the trading fee is also on a lower side, and you can get up to 70% of your trading fee back; amazing, isn’t it !! If you are a US resident, you would know that Binance.com isn’t available as for US users from now. Begin to trade (buy/sell bitcoin). Binance, despite some bad luck in the past, continues to disrupt new crypto markets, as the latest move of the exchange is to launch a trading desk operation for the US market in the upcoming several weeks.This comes off as great news for US-based clients, as some were worried about Binance’s strategy in the region and its future plans. But if you wish to deal in fiat currencies, you will be required to complete a KYC. Try it out today! Binance Futures, which was launched in 2019, enables traders to speculate on the price of (rather than to purchase and sell) Bitcoin and various popular altcoins, including Bitcoin Cash, Ethereum, Litecoin, Ripple and more.. In this 2021 Binance US review, I will examine what Binance US is, its history, team, the pros and cons of the platform, and more. Binance fees. Binance recently added Naira deposits to its exchange platform, making it easy to use Binance in Nigeria. Binance.com isn’t legal in the US, and recently they have shut their operations for US customers. © 2021 BAM Trading Services Inc. d.b.a.Binance.US - All rights reserved. Linking your exchange account to Shrimpy unlocks convenient trading features that can help you automate your crypto strategy. Binance and Coinbase are both massive exchanges. Through a number of different sources, some have estimated the current employees at Coinbase to be around 1,300. @sk8jnmosca @binance my problem get solved, just in time im get respon from live chat. Binance.je offers a stable and safe fiat-to-crypto trading platform built on the same technology developed by Binance. Binance US, the American ... as the poster child of trading frenzy engineered by Reddit's WallStreetBets forum that targeted heavily shorted stocks. If you have any questions concerning Binance in South Africa, let us know in the comments section below. BitMax. Binance Holdings Ltd., operator of one of the world’s largest crypto exchanges, is applying for an operating license in Singapore under the government’s new payments legislation. NMLS ID: 1906829 Depending just upon one exchange can be fatal. hope u get fix too. If you exchange any cryptocurrency worth more than $100 using CoinSwitch, you will automatically get $5 extra reward in BTC, how cool is that? BitMax is a reliable alternative to Binance. While Coinbase appears to have a much larger appeal for retail investors, Binance has dominated the global institutional trading market. For advanced traders, Binance offers its Futures exchange that enables leveraged trading. It can be noted that Binance also supports Futures markets that also experienced approximately $2B in trading volume over the same 24-hour period. When I did my research into alternatives to Binance we wanted to use a few key guidelines to pick the best options for you. Regardless, this article will focus on the two most popular exchanges - Binance and Coinbase. The number of users can give us an idea of the popularity of the exchange among retail investors. If you are someone who doesn’t wish to do a KYC and wants to exchange one currency to another without the hassle of going to an order book exchange, CoinSwitch is for you. Most crypto users ask: Is Binance legal in the US? So you can easier change exchanges if something would happen to Binance. This move is described as a part of the company’s efforts to remove barriers to a broader adoption of crypto assets. Unlike the perpetual contracts, the quarterly futures have delivery date (i.e. Confirm your identity. Binance is a great crypto exchange, just that due to US policies, they had to forcefully shutdown their operation in that region of the world. I'm from the US I logged on binance for the first time in a few years (since the cyrpto winter) and got the "You must close out your positions within 14 days" notification. If you are a US resident, you would know that Binance.com isn’t available as for US users from now. You will receive €10 extra this if you do it now using this link. Special 2020 Offer: As a partner of Binance, CryptoPotato readers can receive a 20% discount on all Binance spot and margin trading fees by using this link to register a new account, this is a limited-time promotion. However, we have tried to do that same and have listed some of the best Binance alternatives that you can use right now. Binance Trading Platform Binance Futures and Derivatives. As of now, Cex.io supports 50+ cryptocurrencies on its trading platform for nearly residents of all the countries around the world. u can try to report with live chat. In this guide, we look at how to use binance in Nigeria. Hence it makes sense in moving your account to BitMax if you are US user. The world’s biggest crypto exchange Binance has published a report showing the most actively traded crypto assets by big movers on its exchange in 2020.. Some have reported that Binance is even the fastest profitable startup in history to reach unicorn ($1B+ valuation) status. KYC is mandatory when dealing in cryptocurrencies with fiat currencies. Just lookout for a suitable seller’s advertisement, initiate the trade, then pay the seller as per the mentioned terms and conditions. Documents show Binance dropped the defamation lawsuit against Forbes it filed in November 2020, but did not give a reason for the withdrawal — The exchange did not say in its latest filing why it withdrew the case, at least for now. I know many of you, just like me are a fan of Binance but there are consequences for your choices. The report, Crypto Trends 2020 on Binance says that Binance recorded an all-time high of $3 trillion in total trading volumes. It is difficult to discern the exact situation given the difference (or rather lack) in reporting from these exchanges. Projecting forward, Binance is on a path to overtaking Coinbase in a big way. Following the platform’s launch, up until November 1, 2019, the trading fees on the Binance.US will be kept at zero for all supported trading pairs. Readers browsing through our Latest Binance News can find stories from Reddit Binance, news updates about BNB as the official token of the exchange and many other related topics. The total market cap of the crypto market has increased by more than 3.3 times from an average of $193 billion … The growth could potentially be contributed to Coinbase aggressively listing new assets to diversify the cryptocurrencies that are available for trading through the platform. Join our Telegram to stay up to date with the discussion and learn more about the top exchanges in the crypto industry. Binance is one of the leading cryptocurrency exchanges that provide a platform for trading various cryptocurrencies.Accordingly, it operates the largest Bitcoin and altcoin crypto exchanges in the world by trading volume. The revenue growth from both of these exchanges has been awe-inspiring. Top Alternatives To Binance Exchange In 2020, buy popular cryptocurrencies using your credit/debit cards, best non-custodial cryptocurrency wallets. So help you out I have made this exhaustive list of Binance alternatives which shall serve your need: Looking for an alternate exchange of Binance? For sure, the liquidity is a bit on the lower side, but you will find all the popular cryptocurrencies here to satisfy your trading needs.
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