![]() Despite its enviable growth and market dominance, all roads invariably lead back to one man: Changpeng Zhao. Binance trading bots enable traders to maximize their profits by avoiding the costly pitfalls of manual trading.īehind every great (or significant) FinTech company, there is usually a charismatic self-starter (or team of self-starters) and Binance is no exception. ![]() ![]() With strict sign-in protocols using two-factor authentication, including hardware, app-based, SMS and email methods, Binance takes the security of its users’ funds and data seriously.Binance caters to both beginners through its user-friendly interface as well as to more seasoned traders interested in more extensive trading options.As the largest cryptocurrency exchange in the world, Binance is trusted by more traders than any other exchange and has some of the lowest fees in the industry.In the following Binance review, we take a comprehensive look at the platform, including its history, how it works, its cryptocurrency offerings, key features such as connecting algorithmic trading bots, its security protocols, and customer service.įor our US-based readers, this Binance review will also examine the fee structure and selection of available cryptocurrencies on Binance.US (including State-specific information). Binance has run into regulatory issues, particularly in the US and UK (a problem experienced by many in the crypto space) it has suspended futures and derivatives products offerings across Europe and it has even shut down its Singapore trading platform. ![]() And the platform experienced a crypto exchange volume of over $7.7 trillion (USD) in 2021. The top five countries in terms of the highest numbers of users on the platform are Turkey, Russia, Brazil, Argentina, and the Philippines. According to their own internal research, more than 48 percent of Binance users are hobbyists over 15 percent of users indicate that Binance is their primary source of income and over 90 percent of its users are males (their average age is around 35 years). With comparatively low fees, a wide selection of cryptocurrencies and trading options, and some solid security protocols, Binance has an estimated user base of 28.6 million people (2021).Ī few preliminary statistics paint an interesting picture of the exchange and its users. As an active part of the New Zealand technology and finance industries, we are proud members of BlockchainNZ and FintechNZ.As the largest centralized cryptocurrency exchange in the world in terms of daily trading volume, Binance is one of the most popular choices for beginners looking to test the crypto waters as well as for experienced cryptocurrency investors. Binance New Zealand will not be liable to you for any loss that might arise from your trading of cryptocurrencies. All trading strategies are used at your discretion and your own risk. The information here should not be regarded as financial or investment advice from Binance New Zealand. All of your margin balance may be liquidated in the event of extreme price movements. Past gains are not indicative of future returns. Risk warning: Trading carries substantial risk and the possibility of both significant profits and losses. For more details, please review our Binance New Zealand Terms of Service and Privacy Policy. IBB's registration on the New Zealand register of financial service providers or membership of the Insurance & Financial Services Ombudsman Scheme does not mean that IBB is subject to active regulation or oversight by a New Zealand regulator. IBB is not licensed by a New Zealand regulator to provide these financial services. IBB is registered on the New Zealand register of financial service providers (FSP number FSP1003864) to provide a range of financial services and is a member of the Insurance & Financial Services Ombudsman Scheme (membership number 5006834). Investbybit Limited (trading as "Binance New Zealand")("IBB") is a limited liability company duly incorporated in New Zealand (company number 7101293).
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