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✅LEGIT Binance Reviews: SCAM or LEGIT?

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Binance is a cryptocurrency exchange.
That means that you can deposit cryptocurrency, and exchange it for another cryptocurrency they offer on their site.

How does it work?
You make an account, verify your email and go to your balance to deposit coins.
After depositing your coins you can exchange it for another cryptocurrency that they have available on the market. To see what coins they offer to click here.

Binance is currently the biggest exchange worldwide with the most liquidity on the market.
This means that even when you purchase large amounts of cryptocurrency you won't influence the market.

Features
Binance rocks a couple of features that are interesting to keep an eye on.

First off I recommend you start using 2FA on Binance. With 2FA your account is much safer since a hacker cant access your account without having access to your 2FA codes, which is pretty much impossible. You can use Google Authenticator or Authy for the verification.

Second, you should take a look at BNB (Binance Coin).

BNB is a cryptocurrency made by Binance which reduces trading fees on the platform.
The more BNB you hold, the more reduced fees. This is very important for day traders because fees easily stack up and become unmanageable if you want to make a profit on small margins.
When you trade on Binance with BNB in your account, you have the option to use BNB for the fees. You can disable or enable this feature in your profile settings.

The first year you use BNB you get 50% discount on the fees.
The second year 25%, third year 12.5% and the fourth year you get 6.75% discount on the trading fees.
If you hold a lot of BNB you also invest in the future of Binance, since the exchange buys the coins back every quarter with 20% of their profits. Time this right and you can make a decent profit.
Also, since Binance has plans to go decentralized in the future, you might want to hold BNB since it will be used for the decentralized exchange.

Third, if you are new to trading the site offers you to learn at their academy called Binance Academy.
This section of the website has various topics that explain to you how everything works on an exchange and make you more knowledgeable about cryptocurrency.
With topics such as "what is liquidity" and "what is crypto jacking" you get a good understanding of how various parts work of cryptocurrency and this helps you make good investment choices. There is always a part of uncertainty when investing, but you can minimize the risk this way.
Binance also has a Lab, which invests in cryptocurrency projects which they think has potential in the future. This is a great way to get an early look on new projects and try to follow the Binance investment team in their choices.

The last and one of the most important things Binance can offer you is their Trust wallet.
Since Binance is a big site and you want to keep your funds safe if you want to use exchanges fast you need a reliable wallet for cryptocurrencies such as Bitcoin and altcoins.
Compared to other wallets the Trust wallet is very secure, because you are the only one who can access your private keys, and the trust wallet is completely anonymous.
They have an app for Android and iPhones. ERC20 tokens and Dapps are supported and you can add new ones if you feel the need to.

If you want your coin listed on Binance use their contact form.
All fees from the listing are donated to charity.

So far, Binance has always let me deposit and withdraw very fast, altho the fees can be pretty high.
Make sure to do your own research on what coins you should invest in on Binance since there have been problems in the past with a few cryptocurrencies that had a pump and dump on the exchange (Digibyte).

Do you use/used Binance? What is your experience?
 
@Adessj01 why you come up with an outdated post? I don't remember what I was discussing that time, Binance too has come up with several changes.

But if you want the forex part, the stablecoins and fiat currency will allow you to do that too, you should know as you are there.
 
Ronaldo NFT Surprise
Cristiano Ronaldo's NFT collection is about to be released on Binance and is named CR7. For this, a "surprise" is kept for those who sign up with a "RONALDO" referral ID; it is some unannounced gift that could be crypto or NFT or whatever.
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The inheritance process is valid at Binance
Binance's CEO has clarified that the legacy process is considered at Binance. For this, the death certificate and kinship are verified. To avoid false claims, the account holder's property is transferred to his next of kin only after waiting one month for him to return.

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Promotion to increase sales of AMB

Binance has launched an AMB promotion on its Simple Earn under Locked Products with 3 APR of 11.8% (30 days), 13.94% (60 days), and 39.57%. (120 days).
Investors will gain on early bird basis Its duration is from noon on November 18 to 11:59 p.m. on November 28 according to UTC time.
AMB Reserve is $55k.

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Learn & Earn
The next Learn & Earn round has been announced by Binance. As usual, only those who have been verified are eligible to take part. This is opportunity of earning free cryptocurrency by understanding free online courses, and passing tests based on them.
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Binance's BTC Reserve at top
CZ is promoting Binance well. Due to the falling price of bitcoin, many people are panic selling BTC. Most people have turned to Binance, which has led to Binance's BTC reserves exceeding Coinbase's.
 
Hooked Protocol's $HOOK token sale has started on Binance Launchpad.
$HOOK has also started to grow since its launch on Binance. The market has also improved due to which its value may increase further (no guarantee, just speculation).

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$HOOK Giveaway
Binance is giving away $5k in $HOOK as promotional reward, for this people have to follow/ promote both Binance and Hook Protocol, and complete Quiz.

PS Binance will not announce about the winners, winners will get paid in one month.
 
8 Altcoins Added to Simple Earn
Binance just added new assets to its simple earn program - $CTXC, $IRIS, $FRONT, $POLS, $AUCTION, $FIO, $WAN, $XNO
Now holders of these altcoins will be able to invest in Binance and earn interest on it.
 
Bitcoin Transfer Continues
Bitcoin continues to exit crypto exchanges, including Binancee. Most recently some $2 billion worth of Bitcoins (127351 BTC) has been transferred to an unknown wallet.

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Binance has also extended its business to the educational sector. This time the Metaverse course is happening in Cyprus at the University of Nicosia (in which Binance provides scholarship). Anyone who has an NFT can participate.

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USD coin deposit and withdrawal Reopens

Binance has completed the integration of the USD coin $USDC on the Algorand network, now it has reopened the deposit and withdrawal facilities.

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Binance Acquires Sakura

On Wednesday, Binance completed the full acquisition of Tokyo-based, Japan-regulated Sakura Exchange. With this, the first licence for Binance in East Asia has also been announced, and Binance has become bigger than Huobi in Asia.
 
Binance is one of the best exchange in the industry now. Before it is very difficult to verify account in Binance especially traders from Nigeria. This actually affected me but recently they have simplified it and I have verify my account. Now, I am learning how to trade on the platform.
 
.Now, I am learning how to trade on the platform.
I will advice you to start from Spot trading, one must not be too fast with extra risks of trading such as futures.

You first need to choose a crypto and then it's value spot, I will guide you, but you will decide.
 
Maintenance
Starting at 07:00 UTC today, there will be an estimated 2-hour maintenance for the BNB Smart Chain network (BEP20), which will cause deposits and withdrawals on the BEP20 network to be suspended from 06:55 UTC until the maintenance is completed.
 
PoR for Bitcoin

Binance has launched its Proof of Reseve system on its platform, but, right now it is limited only for Bitcoin, it will not provide prrof for Altcoin reserve till implemented. Binance first want to prove that it has the largest BTC reserve
 
PoR for Bitcoin

Binance has launched its Proof of Reseve system on its platform, but, right now it is limited only for Bitcoin, it will not provide prrof for Altcoin reserve till implemented. Binance first want to prove that it has the largest BTC reserve
This is what we call trial version or trying the service for bitcoin one then they include gradually the other altcoins service one after one if the experience is successful. Otherwise they will revoke the upgrade.
 
Binance is a legit business I have a lot of people that are trading and are not complaining. Binance is trading in form of cryptocurrency , this is also used in the forex trading and it has opened a lot of people eyes about online selling.

 
1M BUSD Promotion
Binance has announced rewards for increasing the use of crypto boxes and Binance Pay, in which eligible users can get prizes up to 10 BUSD on every crypto box. A new Binance user can get an additional token voucher of up to 3 BUSD.
The promotion runs until January 31st, or until the $1 million BUSD prize pool is depleted.
 

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