What is Binance?
Binance is a cryptocurrency exchange platform that allows users to buy, sell and trade various digital currencies like Bitcoin, Ethereum, and hundreds of altcoins. Founded in 2017 by Changpeng Zhao, Binance quickly became one of the largest crypto exchanges by trading volume due to its focus on performance, security, multi-language support, and a wide variety of coins and trading pairs.
Some key features of Binance include:
- High performance matching engine capable of processing 1.4 million orders per second
- Secure asset storage with industry-leading custody solutions
- Over 500 trading pairs between different cryptocurrencies
- Binance Coin (BNB) token used to pay trading fees at a discount
- Mobile app available on iOS and Android
- Multi-language customer support
Overall, Binance established itself as a go-to platform for trading altcoins and exchanging between cryptocurrencies. With low fees, high liquidity, tight security, and constant innovation, it continues to be one of the most widely-used crypto exchanges worldwide.