Instead, the exchange utilizes Tether (USDT), a cryptocurrency pegged to the US dollar. However, one thing you won’t find on Binance is the ability to deposit, trade, or withdrawal US dollars with your debit card and credit card. This makes it one of the most comprehensive exchanges on the market for trading almost any digital asset imaginable. The exchange currently has over 500 cryptocurrencies and more than 1,200 trading pairs. One of Binance’s calling cards is its plethora of trading pairs and massive overall liquidity. Still, after the small Eutinyn nation declared that Binance was not within its jurisdiction, the company has declined to declare other headquarters, noting that Bitcoin doesn’t have a central headquarters. Until February 2020, the company was considered based in Malta. Zhao started Binance after developing high-frequency software and working as an executive executive-levels at another cryptocurrency exchange, OKCoin.īinance launched in 2017 and quickly became the largest cryptocurrency trading platform in the world to buy and sell Bitcoin (BTC), Ethereum (ETH), Cardano (ADA) and other cryptocurrencies with a lot of features like crypto porfolio or savings accounts. How Do They Perform on Customer Service?īinance is the brainchild of Changpeng Zhao, also known as CZ, one of the most influential figureheads in the cryptocurrency industry. ![]() What Is Liquidity Like on Each Platform?.Coinbase vs Binance: How Do They Stack Up on Security?.Which Exchange Offers the Most Cryptocurrencies?.
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