Binance is a cryptocurrency exchange platform where the user can trade and also has a lot of extra features. Millions of users rely on this platform due to its popularity over the last few years. If you found this interesting continue here.

Overview of the app

This cryptocurrency platform allows users to buy and sell a lot of digital assets. It also allows trading and has its own cryptocurrency called BINANCE COIN (BNB). It can be accessed through its website and also with the mobile app, which is compatible for both Android and iOS and is free to download.

• The Binance app requires about 150 to 200 megabytes MB of storage space.
• The platform can be accessed through its website from any device.

How to use it

The first thing you need to do is to create an account and the registration is simple, includes a verification of your identity which aims to ensure security. After the verification you can transfer funds with multiple modalities.

• Bank transfers.
• Depositing cryptocurrencies from another exchange.
• By credit card.

Once the deposit has been made, you can start trading.

Important features

• Advanced tools that allow users to set automatic buy and sell orders for digital assets and perform in-depth technical analysis.
• Technical drawing on real time charts, indicators such as moving averages, Bollinger bands, relative strength indices, moving average convergence or divergence.
• Staking various crypto assets, getting rewards for keeping those assets within the platform and giving you the possibility to earn money while saving.
• Binance offers competitive Rewards rates for various cryptocurrencies, which can result in returns for users.
• Cryptocurrencies can be withdrawn at any time, although some staking options may require a specific lock-in period, which is also well-informed.

All this allows you to identify entry and exit points and trends to make well-informed decisions. 

Security

• Advanced encryption: SSL (Secure Sockets Layer) encryption to protect interception and unauthorized access.
  
• Cold Wallets: User funds are stored in cold wallets that are disconnected from the Internet, which minimizes the risk of looting since these funds cannot be accessed through the network.
• Data protection: Encryption of all data such as passwords, personal data which are encrypted using highly advanced encryption algorithms.
• Constant monitoring: To detect and prevent suspicious activity by analyzing user behavior and detecting unusual patterns that may raise suspicions.
• (2FA): Two factor authentication, which adds a second method of verification when logging in or performing transactions.
• Audits: Regular audits are performed to identify and fix vulnerabilities.

Binance Academy

• In terms of educational content you can access detailed guide articles, videos on cryptocurrency basics, blockchain security, technical analysis, step-by-step learning programs.
• It operates in many languages, which facilitates access to users from all over the world.
• Advanced search for specific topics can be performed using the search bar on the website, which makes thematic learning much easier.
• It does not offer official certificates but is constantly being updated with new content.

Opinion after a few months using it

In my experience, the platform is complete and has no bugs, which makes it reliable. Their educational resources are useful, and you can trade a wide variety of cryptocurrencies. It is an interesting option for new users and also for experienced traders.

Somehow, some functionalities are complex so it can be difficult to understand at the beginning, but with time anyone can trade easily. The only complaint I have is that for new users it can be complex to operate if you do not know the subject, so I understand why they have created Binance academy. However, Binance is one of the most accessible and popular options out there, and I highly recommend it.