They can also be used as a method of paying your trading fees, which will reduce them by 50%. Their ICO has created tokens named BNB that are traded on the exchange. Furthermore it offers two distinct trading layouts, a more simple one and a “Pro” version. Binance Features Binance’s trading platform is web-based. They don’t need identity confirmation when the per day remittance is within limit of 2 BTC. Binance offers a generous daily withdrawal limit. Binance transaction has reached a new level and currently score tenth place in the world. It’s been quickly gaining ground in market share cementing a place as a top 20 exchange in terms of volume. They are known for fast processing speeds coupled with an ability to process enormous numbers of transactions (1.4 million) each second. Changpeng Zhao, former CTO at OKCoin is currently at the helm of Binance. Binance was created after attracting funds via an ICO (Initial Coin Offering – creating a new digital asset, backed by the project.
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