Understanding the Binance Cryptocurrency Exchange

Binance is a cryptocurrency exchange and wallet. Its big selling point is the quickness with which it embraces Bitcoin’s forks.

Binance is essentially the only cryptocurrency exchange that releases futures of Bitcoin forks on day 1 after the snapshot is taken.

I can’t stress the importance of this enough. That is the only selling point you should need. Of course, if you need another, it is that they have very low fees.

With that said, you probably want to know more than just a few selling points, and the reality is one always has to take into account risks.

The main risk here, for U.S. users at least, is that Binance is not a U.S.-based exchange. The exchange is based in Tokyo. That isn’t a pro or con specifically, it is just another factor that should be considered.

All that said, Binance is a top exchange with a good track record and low fees that offers many cryptos and a range of trading pairs.

There are a lot of reasons to choose Binance as your primary crypto exchange. Just remember, there are always benefits and risks to weight against each other! To be on the safe side, never leave too much money on a single exchange.

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