Of course, Binance offers all the standard features that are expected from an exchange. The only difference is that it offers them at a far greater level than most others.For example, like other platforms, it is possible for users to purchase cryptocurrency for fiat currency. However, the payment methods available are insane, and they vary according to cryptocurrency.
If users are willing to go through the P2P route to purchase crypto, there are over 100 payment methods available. These range from local bank transfers to SWIFT and PayPal.
When it comes to trading, everything is available from spot and margin to futures and swaps. There are also additional features available to users such as strategy trading. Strategy trading allows users to automate the strategy and make money without a lot of input.
Due to its large size and larger regulatory scrutiny, Binance has an extensive support program. There is extensive material available regarding responsible trading and how to avoid fraud as well.
Apart from offering all the standard finance features that allow users to use cryptocurrency as money, Binance recently moved into NFTs as well. Once again, Binance does not offer anything substantially different than other NFT marketplaces, but the marketplace is larger.As such, Binance is the perfect platform for those that want to have the maximum liquidity and the biggest marketplace. What’s great is that new users can use the Binance referral code to get the best sign up bonus available. Here is how to do that.
Signing up on Binance is easy. However, due to the increased regulatory scrutiny, Binance requires stringent verification checks. As such, it is important for new users to make sure that they do not break any exchange rules while registering.
Perhaps the only problem, and this is not specific to Binance but to all the larger exchanges, is the referral program. It is not bad by any means, and users can make a significant amount of money through it.
However, due to its large size, Binance does not need to incentivize new referrals in the same way as the other exchanges. Most new crypto enthusiasts automatically gravitate towards the larger exchanges due to the security, trust, reliability, and the features that they provide.
Still, Binance has a reasonably profitable referral program that mainly works through discounts and commissions on trading.