The Binance exchange is a very young exchange and was founded in 2017 after a very successful Initial Coin Offering (ICO). Binance is a good practical example to see that an ICO has worked out well and that the associated Binance Coin is getting an increasingly favorable value. The CEO behind Binance is Changpeng Zhao a very well known name especially in the Asian cryptocurrency market. Most crypto investors know him, because he is very active in the crypto space. He tweets a lot, gives AMA's and is the face behind Binance. Check out his Twitter here. The Binance ICO took place in July and more than 100 million tokens were sold in three phases. During the first phase you could buy 2700 BNB tokens for 1 Ethereum. Around July 1st, the Ethereum value was about $280, and you paid $0.10 per Binance Coin.
At the moment you pay $17 for 1 BNB and most investors see the BNB as a token with potential. The all-time-high of the Binance Coin was $39 in June 2019. After that it went down to $9 in March 2020 and climbed back to $17 in May 2020. Binance is doing its best to let users hold the BNB token. You will get discounts on fees, a higher commission and you need the token to invest in IEOs. There are a lot of use cases for this token, and we can imagine that in the future there will be a lot more.
So if you don't trade or withdraw more than 2 BTC per 24 hours, you can get started with a level 1 account. And you don't have to go through a KYC procedure. Suppose you want to withdraw 4 BTC, you can spread this out over 48 hours to still meet the limits.
A level 2 verification is realized by entering your personal details as they appear on your passport. Upload a photo of both the front and back. Besides that you have to upload a selfie with you and your passport, which also shows the current date and the word Binance.
A major irritation for users is that on many exchanges you have to provide a lot of personal data and it usually takes a very long time before the verification process is completed. It is completely free to register an account at Binance, but of course they have verifications and limits from a legal point of view.
Creating a new account is very easy. You only need an email address and password. We will give you a lifetime 20% discount on all fees with our special link. Click here to apply the discount and register an account.
After you register your account you can open positions and place orders. Keep in mind that you are exchanging cryptocurrency for another cryptocurrency on this exchange. Therefore, you need cryptocurrency to start with. It won't be an issue if you don't own any crypto, you can buy it at Binance (with a high fee) or with a broker. We will explain how to do that.
Please follow these steps to place an order:
After your order is executed you successfully traded Bitcoin for your chosen coin (with a limit order is it even possible that your order has been partially filled). When you want to sell your coins you can use the screen next to it.
If you don't get it, please contact us and we will help you.
After registering your account you are Level 1, unverified. This does not mean you can't do anything with your account! For most people an unverified account is more than enough. The following limits apply at Binance:
The business model for an exchange is the fees they charge per transaction. These are fees for exchanging cryptocurrency, but also for withdrawing (sending) crypto. Depositing cryptocurrency is completely free and no fee is charged for this. Per coin you pay a different fee to send or withdraw, this list is available on the website. To exchange cryptocurrency you pay a standard 0.1% fee.
A nice addition of Binance is that you get 25% discount on the fees if you hold the Binance Coin. When you create an account, this discount is by default ticked in your dashboard. Do you want more discount? If you register an account with us, we will share 20% of the commission with you for life!
You must hold the Binance Coin (BNB) to make use of this special discount. If it's ticked On and you have BNB coins, then the discount will be applied automatically. Depending on how long you are registered at Binance you will get a different discount:
After the fourth year you won't receive any more discount on your trades and you'll have to pay the full price. By the way, it's not about how many years you've been registered, but how long the exchange has been in existence. We will update our Binance review when the 25% discount is over and the 12.5 discount will be applied.
In 2019 a Binance hack took place, where criminals stole over 7047 BTC from the exchange. Hackers are a constant threat to every exchange and broker (actually, to all IT companies). A smart attack allowed the hacker to take over multiple accounts and to move BTC from the platform without any alarm bells ringing at Binance.
It's good to see how a company reacts to such a hack. Binance's CEO kept the entire community well informed of the progress. All losses were compensated from the so-called Secure Asset Fund for Users (SAFU). Because of the good communication and the compensation of the losses, the crypto community was very positive. Even the Bitcoin price barely reacted to it.
To prevent the Binance hack in the future, the company has taken several measures.
Binance is a very safe Asian exchange (that is currently based in Malta). Everyone on the Binance team is listed by name in the whitepaper and on the website. The CEO, Changpeng Zhao, is a well known name in the crypto world and has an impressive track record. He was a manager at Blockchain.com, the CTO and Co-Founder at OKCoin and also the CEO of BijieTech. These are large companies that are still successful today.
A few other well-known names within Binance are:
You may see all the names for yourself on Binance's website. Given the transparency and the popularity, you can assume that Binance is safe. So it is an officially registered Asian company that is growing in popularity. They owe this popularity to a good system, good communication, good support and a good platform.
It's still an exchange and as always, it's recommended to only leave money on an exchange which you trade with. Never use an exchange as your wallet, because such companies are always targeted by hackers or other internet criminals. Also, never use the same password for multiple platforms and always enable 2-step verification. The SMS verification function does not work for European users.
Online shopping has become increasingly popular in Australia, with many retailers offering a wide range of products at competitive prices. One way that shoppers can save even more money when shopping online is by using coupons and promo codes. For example, check out our Virgin Wines Promo Codes or Camdorado Promo Codes, they have daily new offers and coupon codes.
Coupons are discounts from Binance can be applied to a purchase in the form of a code, which can be entered at checkout. Promo codes are similar to coupons, but they are typically offered as part of a promotional campaign and may have a limited time period in which they can be used.
There are a variety of ways to find Binance coupons and promo codes for online stores in Australia. Some retailers will offer them directly on their website or through their email newsletter. Social media platforms, such as Facebook and Instagram, are also a great place to find coupons and promo codes, as many retailers use these platforms to promote their products and sales.
When using a coupon or promo code, it is important to read the fine print and make sure that the code is still valid and can be applied to the products you are purchasing. Some coupons may have exclusions or restrictions, such as a minimum purchase amount or a specific product category.
Using coupons and promo codes at Binance can help shoppers save money on their online purchases. By taking the time to find and use these discounts, shoppers can stretch their budgets further and get the most value out of their online shopping experience.
In conclusion, Coupons and Binance Promo codes are the best way to save money when shopping online in Australia. These discounts can be found on retailers' websites, social media platforms, and online coupon websites. It is important to read the fine print and make sure that the code is still valid and can be applied to the products you are purchasing. It is a great way to stretch your budget and get the most out of your online shopping experience. At the list on top of this page, you'll see all the offers, coupons, coupon codes and discounts currently available at Binance. Easy, right? This listing was last updated on 07 October 2024.
A coupon code from Binance is an alphanumeric code that you used to get the discount on your order. These Coupon Codes are also called coupon code, promotional code, discount code, promo code or coupon. Webshops from around the world use these types of codes to give discount to their customers on certain products or orders.
An action code or promotional code from Binance Can be used in two ways. The first way is by simply clicking on "SHOW CODE", copy the code and paste it into the shopping cart of the webshop. The other way is by clicking on 'VIEW OFFER', you will then be redirected directly to the webshop and the discount will be applied automatically.
How do you find a coupon code at Kuponation.com? First of all, look for the desired store in the search bar at the top of this page. Are you looking for a particular product or brand? Then you can type it in the search bar. You can also find your desired webshop in our "SHOPS A-Z" or "CATEGORY" overviews. If you've come to our webshop page, choose a coupon code or offer you'd like to use.
Right now, there are 49 Coupons codes and offers available for Binance:
Binance promo code extra 40% OFF trading fees + $100 trading fee rebate sign-up bonus xicm2j1c
Free $5,$50 or $100 Binance promo code + 20% OFF Binance referral code in brokerage fees
Register at Binance and earn 20% of CASHBACK in trade fees
Coupon code Binance get 20% more on crypto purchases
Lately we've discovered a new discount code from Binance every 30 days. Over the last 90 days we've found 49 new coupons from Binance.
The best discount we've found is a code for 50%. Binance shoppers save an average of 882 times at checkout.
Subscribe to Kuponation.com's email alerts for Binance and we will send you an email notification every time we discover a new discount code. If you can't find a working coupon code right now, subscribe and receive the latest deals as soon as we discover them.
Yes! Right now on Kuponation.com, you can find 49 coupons for Binance that are verified and working. Binance coupons and vouchers found on Kuponation.com have been used 882 times equalling lots of savings!