Are you curious about Bitcoin, cryptocurrency, or blockchain? Finding the best cryptocurrency websites can be challenging, like searching for a needle in a haystack. Luckily, I’ve done the hard work for you! After extensive research, I’ve curated a collection of the finest crypto links that are dedicated to expanding your knowledge of Bitcoin and cryptocurrencies. Many of these websites I’ve personally used. Keep checking back, as this list continues to grow over time. Don’t forget to bookmark it for future reference, Cryptounit!

Ethereum

Ethereum

$3,028.61

ETH 1.06%

Bitcoin

Bitcoin

$62,873.64

BTC 1.97%

Litecoin

Litecoin

$83.09

LTC 1.22%

ETH/USD:

[exchange-rates_badge amount="1" base_currency="ETH" flag_type="none" decimals="2" id="1690700525" currency_list="USD"]

BTC/USD:

[exchange-rates_badge amount="1" base_currency="BTC" flag_type="none" decimals="2" id="1690700525" currency_list="USD"]

LTC/USD:

[exchange-rates_badge amount="1" base_currency="BTC" flag_type="none" decimals="2" id="1690700525" currency_list="USD"]

CryptoUnits - 1539+ Best Cryptocurrency Websites & Bitcoin Sites List of 2023!

By crypto worshipper
Cryptocurrency Forensics 🚀🌑

Visit this site

www.binance.com

Binance web

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Binance Review

There are factors that separate quality crypto trading platforms from mediocre offerings. More often than not, reputable exchanges have one or two unique selling points that have established them in the top echelon of the crypto exchange market. In the case of Binance, it is its relatively low fees and the vastness of its crypto ecosystem that set it apart. Here, we will explore the functionalities of Binance and evaluate its strengths and weaknesses.

What is Binance?

Binance is one of the most popular cryptocurrency exchanges. It currently supports a wide variety of crypto-to-crypto trading and has incorporated selected fiat-to-crypto trading options. The exchange was launched in 2017 and it has rapidly grown to become the world's largest exchange. The development of the exchange was funded via an ICO where its native token, BNB, was sold to raise $15 million as capital. Traders can hold this token to enjoy a 50% reduction in trading fees. Also, the exchange is available in multiple languages. Therefore, it is safe to say that it is striving to offer its services to a global network of crypto traders. Currently, Binance ranks as one of the top 10 largest crypto exchanges with over $20 billion worth of trades processed daily. Besides, it features 295 coins and counting and provides the tools to trade over 1,000 crypto pairs. Remarkably, the exchange has designed its platform in such a way that the trading infrastructure supports both inexperienced and experienced crypto traders. It provides 3 trading interfaces, namely the classic, advanced and basic interfaces. The classic interface offers a quick view of the Binance market, the trading pairs, and order books, while the advanced interface features advanced charting tools suitable for professional traders. The basic interface delivers a quick trading option without all the complexities that come with order books, price charts, and charting tools. In essence, newbies can simply convert coins at a fixed market rate set by Binance.

Binance Services

Binance was originally based in Hong Kong before opting to relocate its headquarters to a more crypto-friendly location, which is the Island of Malta. The CEO and Founder of Binance, Changpeng Zhao, explained that this move allows the company to be free of restrictive regulations imposed by the Chinese government: “In response to China’s decisions, we are moving our IP’s from Hong Kong to an offshore location. So, we are registered in multiple locations and we have people in multiple locations. That way we will never be affected by one regulatory body.” Subsequently, Binance has since expanded its business scope such that the Binance ecosystem is not only known for its exchange services. Below are some of the added functionalities available on the Binance website.

Margin Trading

Like most established crypto exchanges, Binance allows users to trade with X10 leverage on selected coins. Depending on their risk appetite, users have the option of choosing between cross margins or isolated margins.

Futures and Derivatives

Additional trading options include Futures and derivatives trading service, which was launched in 2019. This solution allows traders to speculate on the prices of crypto assets instead of buying and selling physical cryptocurrencies. Here, traders can receive up to 125X leverage on their initial fund to trade popular cryptocurrencies like BTC, LTC, ETH, and BCH. Note that Binance Futures deposits are held in separate accounts and are funded with USDT. Also, the profits and losses realized can only be withdrawn in USDT.

Savings Services

Apart from its trading services, Binance also provides a passive earning opportunity, which entails the locking of idle funds in savings accounts to receive interest. Think of it as a savings account designed for cryptocurrency. Users can either opt for flexible or locked savings. Note that the latter offers higher interest rates than the former.

Staking Service

Another investment option is the staking solution targeted at Proof-of-Stake and DeFi tokens holders. Here, Binance offers variable interest rates for staking specific digital assets via Binance nodes. In other words, Binance removes the technicalities involved in staking for a share in the profit generated from such ventures.

Binance Smart Pool

Like its staking service, Binance removes the barriers of crypto mining by encouraging users to contribute their hash power to a large mining pool controlled by the exchange. The platform automatically directs the pool’s hash power to the most profitable cryptocurrency and splits the reward between contributing members.

Binance Loan

The platform also features a loan solution that allows users to collateralize BTC or ETH to receive BUSD or USDT loans. This helps crypto holders to avoid paying taxes for selling their crypto to raise capital.

Binance Visa Card

Furthermore, Binance introduced a crypto debit card service designed to enable seamless fiat payment processes for crypto holders. With this, Binance users can pay for services and products without having to convert their coins to fiat manually.

Binance Liquid Swap

Much like a centralized automated market maker, Binance liquid swap allows users to swap coins directly or provide liquidity to receive a percentage of trading fees.

Binance Fee Structure

Trading Fees

Like most other crypto exchanges, Binance uses a tiered fee structure that reduces the charges deducted as the User’s 30-day trading volume increases. The standard trading fee for a 30-day trading volume below 50 BTC is 0.1%. This drops gradually as the 30-day trading volume rises to 15,000 BTC and above. The futures trading platform offers even lower fees as 30- day trading volumes below 250 BTC incur 0.020% and 0.040% as maker and taker fees respectively. However, if a user holds BNB, they will receive up to a 50% discount on all trading fees.

Deposit and Withdrawal Fees

There are no incurred fees when depositing funds on Binance. In contrast, the platform deducts withdrawal fees depending on the status of the market. As such, Binance ensures that it adjusts its withdrawal fees schedule to reflect the on-chain fees of its supported coins.

Binance Limits

The withdrawal limits depend on the KYC level of users’ accounts. Level 1 accounts have a daily withdrawal cap of 2 BTC, whereas level 2 accounts can withdraw up to 100 BTC every 24 hours.

Supported Payment Methods

There are over 200 cryptocurrencies adopted as payment gateways in the Binance ecosystem. Some of the cryptocurrencies include:
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Pros & Cons

  • Binance is renowned as one of the largest and most prominent cryptocurrency exchanges globally.
  • It boasts relatively low fees for its users.
  • The Binance ecosystem encompasses a diverse array of services.
  • Binance has established an insurance fund designed to reimburse users affected by security breaches.
  • Binance operates on a global scale, serving users from around the world.
  • It provides support for a wide variety of cryptocurrencies.
  • Binance stands out as one of the most popular crypto-to-crypto exchanges.
  • Users can take advantage of lower fees by utilizing Binance’s native token.
  • Two-factor authentication can be enabled by users to enhance security.
  • The exchange is accessible in multiple languages.
  • Subpar customer support
  • Experienced a security breach in 2019

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