What is Binance P2P?
Binance P2Pro Login is one of the world’s most trusted cryptocurrency exchanges which offers trading on over 100 cryptocurrencies. It is well known for its transparency within the industry and the high levels of liquidity on the platform. Binance is a fairly new cryptocurrency trading app, having launched in 2017. Nevertheless, it quickly established a good reputation and became one of the world’s largest cryptocurrency exchanges.
Pros & Cons
Pros
Large Liquidity
High Security
‘SAFU’ Insurance Fund
Secure
Trusted by Thousands of Traders
Cons
Not Regulated
Features
Quick Sign Up
The beauty of Binance is that you can set up an account in under 5 minutes and start trading right away – that’s right, about the same time as it takes to make a coffee. You don’t even have to verify your identity to start trading.
Instant Withdrawals
Binance offers instant withdrawals 24/7. This gives traders a huge amount of flexibility when it comes to trading the cryptocurrency market. You’re able to move funds in an instant and take advantage of opportunities in the market. Although, it is important to note that some cryptocurrencies take longer than others to transfer, this is all down to the blockchain they use.
Advanced Charts
The in-built charts on the Binance app are advanced and quick. We really like the fact that you can access advanced indicators on the go, as well as see detailed market information all within one app. There’s a nice feature which allows you to favourite a chart, so you can go back to it later. The chart colours make it easy to read the chart, and if you want to change them, you can do so in your account settings on the Binance app.
Referral Program
The Binance referral program is ideal for those who want to earn some cryptocurrency on the side. It’s perfect for bloggers, website owners and anyone who knows people that might want to trade on the Binance app. Getting started with the referral program is simple, just register on Binance and then go to the ‘Referrals’ tab – there’s no more steps involved than opening a normal Binance account.
Trust & Safety
With any crypto exchange, it’s important that we know that it is safe to use it.
Is Binance Safe?
Yes. Binance is one of the safest cryptocurrency trading apps. However, you shouldn’t leave your funds on any digital asset exchange for a long period of time since they are more vulnerable due to Blockchain’s decentralised nature.
Regulations
Binance.com is not regulated, however, it’s US sister company; Binance.us aims to be fully regulated in the near future.
Fund security
Considering there have been a large amount of cryptocurrency hacks in the past, Binance decided to create something called the ‘SAFU Fund‘. 10% of all trading fees collected by Binance are put into this fund incase of any security breaches. This fund and it’s legitimacy have already been tested in 2019 when some users funds were affected by a breach in security, Binance refunded all of the affected accounts and lived up to their promise. As far as cryptocurrency trading apps go, Binance is one of the safest when it comes to the security of your funds.
Is Binance a scam?
There is no evidence to suggest that Binance is a scam. It’s founder and employees are well-known and therefore the chance of it being a scam are slight.
Is Binance legit?
Yes. We believe that Binance is a legitimate cryptocurrency exchange. It is trusted by thousands of traders all over the world, every single day.
Conclusion
Binance is a brilliant app for cryptocurrency trading. It is one of the most popular exchanges in the world and offers unmatched liquidity among a variety of other useful tools & features. Our favourite highlight of the app is the alerts function – you usually have to pay upwards of $20/month to get this on TradingView but it’s completely free on Binance. If you want to get started trading cryptocurrencies, look no further than Binance.