Binance is one of the largest cryptocurrency exchanges by daily trading volume and it was founded by ChangPeng Zhao, commonly known as “CZ” in 2017.
Fun fact: Binance primarily offers crypto-to-crypto trading that strongly focuses on altcoin trading.
The platform provides more than 500 cryptocurrencies and a wide range of virtual tokens, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Aave (AAVE), Uniswap (UNI) and Dogecoin (DOGE).
So what makes Binance stand out from the rest?
Binance offers some of the lowest fees in the crypto exchange market, making it the top favorite amongst crypto traders. Binance charges a 0.1% fee for trading on the platform and a 0.5% fee for instant Buy & Sell.
Tip: Always keep Binance token (BNB) in your account at all times so that fees can be deducted from that and it saves a whopping 25% on trading fees.
Hang on tight to this course as we will dive deeper into Binance coin (BNB) in the later lessons.