In this guide, we will explain many of the features that will make your journey much easier on Binance. Binance stands for binary finance, integrating digital technology with finance. Just as the name, Binance believes there is a great room for pure exchanges to improve and grow in future. Binance, with the help of community, strives to build a world class crypto exchange that is user friendly and can support multiple languages.
Technical Architecture- Binance platform is engineered from the ground up with security, efficiency, speed and scalability taken into the consideration. The team has decades of combined experience building and maintaining world class financial systems that shape the economy. Our matching engine is capable of sustaining 1,400,000 orders / second, making Binance one of the fastest exchanges in the market today. You can be certain, on our exchange, that your orders will never be stuck due to the matching engine being overwhelmed.
Liquidity- Binance’s team have been in both the finance and crypto industry for many years. The team has worked on and operated a number of exchanges, and have accumulated a large network of partners in this space. These partners will be key in bootstrapping the exchange.
Customer Service- Binance shares support responsibilities across the entire staff and company. When a trader has a problem, he/she gets an answer directly from someone who knows the system and not someone reading from a script.
What is Binance Coin(Bnb)?
Binance has issued its own token coin, called the Binance Coin(BNB). A strict limit of 200MM BNC will be created, never to be increased. You can use BNB to pay for any fees on the platform, including but not limited to:
Any other fee
When you use BNB to pay for fees, you will receive significant discounts as follows:
First Year- 50%
Second Year- 25%
Third Year- 12.5%
Fourth Year- 6.75%
Fifth Year- No Discount
Binance is a blockchain ecosystem comprised of Exchange, Labs, Launchpad, and Info. Binance Exchange is one of the fastest growing and most popular cryptocurrency exchanges in the world. Founded by a team of fintech and crypto experts — it is capable of processing more than 1.4 million orders per second, making it one of the fastest exchanges in the world. The platform focuses on security, robustness, and execution speed — attracting enthusiasts and professional traders alike.