Binance is a Cayman Islands-based cryptocoin exchange that offers a platform for trading different currencies based in the Caribbean basin. In its early days, it was the third most traded cryptocoin on the world market, after the US Dollar and Eurozone. Today, as of April 2018, Binance was the third-most traded cryptocoin in the world according to market volume.
The name Binance comes from the two words “binance” and “cryptocurrency”. To facilitate its operation, it uses theaporeware-basedbitbank X BOOM, which is a pioneer in offering this kind of offshore trading platform. The use of this service enables any individual to start trading in any of the leading cryptocurrencies, such as BitUSD, BitCOST, BitGBP, BTS, or Diamond Coast Points.
Unlike other online forex brokers, who may only provide access to a limited range of available coins, Binance allows its customers to trade a full range of leading cryptosurfs, such as stock, Capital Gains, FAP Turbo, MegaDroid, and Unite currency. Users can create their own stakes pools by using their own funds and investing a specified amount of money into each coin. Binance also offers scalping options, and users can adjust these by adjusting their risk level. By having different risk levels, individual traders can profit from different areas of the market; some can even get a taste of every market at once.
Binance makes use of itsblockchain technology to operate smoothly. The patented technology known as the Block Explorer allows users to view the real time trading activity by the performance of their transactions on the real-time chain. This feature provides insight on the behavior of traders by displaying the real-time value of different trades, their spreads and stop losses. Because the trading platform is secured by a number of measures, such as encryption, authentication, and delayed confirmation, no third party is allowed to access your accounts. With this security measure, users are protected from unnecessary losses.
Apart from these features, binance smart contracts also offer the opportunity to trade in numerous popular cryptosurfs like Forex, Gold, Silver, Monero, and others. Moreover, unlike other brokers, who may only accept a small list of currencies, Binance allows its customers to trade in a wide range of compatible currencies. This gives you a better chance to make profitable trades and gain maximum profit from them. If you are looking for a broker that has all these features and is also based in Australia, Binance is your best choice.
To conclude, binance is considered to be the best online broker for its incomparable features and ease of operation. The team behind this company has years of experience in the field of finance and they know how to build an efficient ecosystem for both sellers and buyers. If you want to get into trading cryptosurfs and place bets on several leading currencies, you should definitely consider Binance.