Binance Review and Exchange Rates
Binance is a cryptocurrency exchange launched in 2017 and currently based in Malta. Since early 2018, Binance is considered the biggest cryptocurrency exchange in the world in terms of trading volume.
Binance services are offered at one of the lowest rates of fees compared to other cryptocurrency exchange services. Interestingly, for all trades, it charges only a 0.1% fee on the exchange. In addition, Binance doesn’t charge any fee for deposits or withdrawals.
On April 2nd, 2020, Binance reported its acquisition of CoinMarketCap, the popular aggregator for exchange volume and cryptocurrency market cap rankings.
📈 Bitcoin conversion table
|Amount / Currency||BTC to USD||BTC to EUR||BTC to GBP||BTC to JPY||BTC to CNY||BTC to AUD||BTC to NGN||BTC to RUB|
When you use Binance exchange to make a transaction you will get a discount on your trading fee if you use BNB (Binance Coin) to pay the trading fee. If you hold BNB in your Binance account, the trading fees will be by default subtracted from your BNB balance (check how to Use BNB to pay for Fees)
If you don´t use BNB to pay the trading fee, then the standard fee is 0,01% per trade. You can lower the standard fee or get discounts, such as maker/taker/volume discounts, depending on your trading volume (see the Fee Schedule to check the discounts that Binance offers)
Which local currencies does Binance support to buy and sell Bitcoin?
You should take into account that most bitcoin exchanges do not offer trading with every fiat currency. In addition to the transaction fee, you may also be subject to a conversion fee, depending on the available trading pairs that are accepted by the bitcoin exchange.
On Binance these are currently the pairs available to directly trade Bitcoin: