Binance overall Pros and consīinance has the lowest trading fees among exchanges reviewed by BrokerChooser. It has a larger client base but a shorter track record than peers reviewed by BrokerChooser. or the company that operates the exchange is listed on a stock exchange.īinance is one of the largest, if not the largest exchange by trading volume.it's been around for several years and has many employees), it has a robust traded volume per quarter,.the exchange has a sizable client base,.In most cases, cryptocurrency exchanges do not qualify for deposit insurance programs, so you have to be especially thorough when selecting your provider. Why is this important? It is not easy to determine how safe a cryptocurrency exchange is. Traded volume on exchange (quarterly, USD billion) Employees, client base and quarterly trade volume at Binance and its competitors Its quarterly trade volume is equivalent to $180 billion, putting it in the same league as Coinbase in fact, on some trading days Binance has shown larger turnover than Coinbase. The company itself has 2,800 employees and a 15 million client base. From the US, you can use Binance's partner site, Binance.US, which uses matching engine and wallet technologies licensed from Binance, but its product selection and the number of trading pairs offered is limited compared with Binance. It is not listed on any stock exchange, and its corporate structure is not transparent for example, it is difficult to find clear information on the location of Binance's headquarters.īinance is currently not available in the United States. The exchange was originally based in Hong Kong, and Binance's terms are still governed by Hong Kong law. An OCO order combines the best of both worlds, allowing you to set a sell or buy order at both higher and lower the current price of a crypto asset.įor example, if Bitcoin’s price is $40,000 and you need to go to sleep but want to trade on autopilot, you can set a sell order at both $38,000 (for a 5% loss) and $44,000 (for a 10% profit), depending on your trading preference.Before reading the review, please take a moment to read our disclaimer.īinance is one of the largest cryptocurrency exchanges currently operating, based on trading volume.That’s why Binance took things a step further in 2019 by introducing OCO orders. If the price crosses these thresholds, your orders execute automatically, helping you maximize your profits or minimize your losses. The only problem with stop-limit orders is that they force you to pick a direction. Think Bitcoin’s going to go down? Then you have the option to set a stop-loss order at $46,000. A stop-limit order combines a stop loss and limit order and protects you against big market moves, by allowing you to set buy or sell orders at either above or below the current price. Example: Say Bitcoin’s at $50,000 and you are feeling bullish, you can set a stop-limit sell order at $55,000.For example, you can set a buy order for Bitcoin (say at that time worth $40,000) if the price drops to $35,535. A limit order enables you to set a trade order at a price of your choice (higher than the current price for selling and lower for buying).This is because there is a gap between selling and buying order prices, and you are, in effect, jumping the queue and trading at the best immediate offer)

A market order allows you to buy or sell instantly at the current price (note that you’ll either buy a slightly higher price or sell at a slightly lower price.Binance offers a few different types of spot trading options, such as market, limit, stop-limit, and OCO. The easiest way to trade is by executing spot trades at real-time prices.

Binance desktop login issue