If you are familiar with crypto currencies such as Bitcoin or Ethereum, then Binance should be a name you have heard or read about somewhere. This is one of the biggest cryptocurrencies companies in the world competing with the likes of Coinbase.
The company was initially based in China when it started out in 2017 but had to quickly move out when regulations from the Chinese government on cryptocurrency began to affect the operations of the company. It was then moved to Malta later in 2018 from which they are still operating from as at 2021.
Binance Wiki and History
In 2017, a Chinese developer named Changpeng Zhao, created a cryptocurrency exchange which is known today as Binance. He had worked with companies such as Fusion Systems (2005), Blockchain.info (2013) and OKCoin, before he founded his crypto trading platform.
He started the platform in China then moved to Japan after China’s policies which was to ban cryptocurrency trading in September, 2017. The company was moved to Japan but again, it was faced with tough policies in Japan. It had to move and this time they chose Malta in 2018.
The platform in 2018 had a market capitalization of about $1.3 billion, thereby making it the biggest cryptocurrency exchange platform at that time. It was even bigger than Coinbase which much more popular amongst US citizens.
|Changpeng Zhao (CZ)|
Binance Login, App and Wallet
In order to login or sign up for Binance so as to start buying and selling of crypto assets, all you have to do is click here to get started.
Once you have created an account, you have access to a wallet on the platform which you can access anytime. In order to view your wallet,
- Select Wallet,
- Then click on whatever option you desire. It could be to withdraw or deposit.
The trading platform also offers a feature called the Trust Wallet. This could be used in storing funds outside of the exchange securely.
Binance Coin (BNB) and Fees
This is a coin which is used on the Binance trading platform to pay for fees and it is running on its own native chain. The coin is believed to be one of the safest investments you can make in the crypto world and this is majorly due to its stability unlike its counterparts such as Bitcoin and Ethereum.
The trading platform charges a fee of 0.1% on all trades but offer 50% discount when trading using the Binance Coin (BNB).
Binance Net Worth and Valuation
Little is known about how much the company is worth other than the fact that it had a market cap of $1.3 billion in 2018. It would be worth much more now.
David is a content writer with interests in fields like politics, tech, and finance. David has been writing since he was a little kid (only the Universe knows the exact year 😊 ). Writing has been a passion for a long time and now it is a profession for him. He is the brain behind Mafian Media, the parent company to media sites such as Zimapp.com