Binance Exchange

[Brett]

​

In January 2018, this exchange became the world leader in terms of trading volume.

Name (English) / official website: Binance) / http://www.binance.com
Year of foundation: 2017
Trading terminals: two modes Basic and Advanced
Types of trading orders: Limit, Market, Stop-Limit
Commission per order (transaction): 0.1% or 0.075% for Binance Coin token holders, for whom binance fee is 50% less
Leverage ratio: margin trading is available
Trading instruments: more than 100 cryptocurrencies, forming more than two hundred trading pairs
Minimum deposit: there are no restrictions, the minimum deposit can be equal to the minimum amount for withdrawing funds from the exchange.
Additional information:


The Binance cryptocurrency exchange is owned by a large Chinese company Beijing Technology with its head office in Shanghai.
The official website is available in 15 language versions.
To increase the security of your account, you can enable two-factor login authorization.
Each new user of the exchange receives the Lv 1 status, in which there is no mandatory account verification, but there is a limit on the withdrawal of funds-up to 2 BTC per day. To remove it, you need to pass full verification.
If necessary, the current account can be deleted (closing the account).
Operations for depositing and withdrawing money on Binance are carried out with both digital cash and fiat.
The lowest trading commission among similar platforms is only 0.1% of the transaction.
To get special conditions for conducting transactions, you need to buy Bitcoin Coin (the exchange's internal cryptocurrency) and use it to pay commission fees.
In July 2019, Binance launched margin trading, and users can trade on borrowed funds that the exchange allocates. At the same time, in order to trade using leverage, the trader does not need to pass verification. Margin trading on Binance is available to everyone without verification.
Binance is methodically implementing its plan to launch 10 local cryptocurrency platforms where crypto-fiat trading will be available. The next such platform should be the exchange in Malta. Interestingly, the list also includes Russia.
The crypto exchange is optimized for trading from mobile devices.
Desktop versions of the PC-Client running on Windows and Mac OS are also available.
There is no support in Russian.
Channels of communication with the support service: online chat, email, Telegram, Facebook, Twitter, Reddit, steemit, medium, weibo.

 

[Aaden]

Colleagues, maybe someone will tell you. Withdrawal of funds from the exchange by crypto, btc. We enter the wallet for withdrawal, and then we are asked to choose the network through which this very withdrawal will occur. The first option is highlighted in red and says, they say, the address does not match the selected network. In the second option, they honestly warn that if the recipient system does not support this type of token (or whatever it is called), then the assets can be irretrievably lost. The third option has a terrible commission, and the last one is generally Ethereum.

What should I do? For myself, so far I have found such a solution: we convert it to Bitcoin Cash and withdraw it through its native network (it is there alone in the list). The commission is 40 rubles.

 

[Abraham]

Aaden said:
Colleagues, maybe someone will tell you. Withdrawal of funds from the exchange by crypto, btc. We enter the wallet for withdrawal, and then we are asked to choose the network through which this very withdrawal will occur. The first option is highlighted in red and says, they say, the address does not match the selected network. In the second option, they honestly warn that if the recipient system does not support this type of token (or whatever it is called), then the assets can be irretrievably lost. The third option has a terrible commission, and the last one is generally Ethereum.

What should I do? For myself, so far I have found such a solution: we convert it to Bitcoin Cash and withdraw it through its native network (it is there alone in the list).

The sender must make sure that the receiving party supports the network that he has chosen. Each network has its own addresses, you will not be able to send bitcoins over the bep20 network with an indication of the BTC address. You need to specify the bep20 address that the recipient has, if it supports the bep20 network.
For withdrawal to ruble cards, it is more profitable to sell the bits for usdt and withdraw them to the card in the P2P binance service, if you have a verified account. If not, then bestchain.

 

[Harper]

Aaden said:
What should I do?

In the picture, the BTC coin is selected, so there can only be one withdrawal option out of three, this is a transaction on the Bitcoin blockchain. As far as I understand, Binance offers the rest of the options if you used a "wrapped" asset.