The Binance Exchange is a leading cryptocurrency exchange founded in 2017 in Hong Kong. It features a strong focus on altcoin trading. Binance offers crypto-to-crypto trading in more than 500 cryptocurrencies and virtual tokens, including Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Dogecoin (DOGE), and its own token BinanceCoin (BNB). In 2018, it moved its company headquarters to Malta, EU, in response to China's strict regulations on crypto exchange businesses.
Binance is an online exchange where users can trade cryptocurrencies. It supports most commonly traded cryptocurrencies.
Binance provides a crypto wallet for traders to store their electronic funds.
The exchange also has supporting services for users to earn interest or transact using cryptocurrencies. It also offers programs for miners and to help traders make investment decisions.
Binance has its own blockchain-based token, Binance Coin (BNB).
Opening a Binance.US Account
The process of opening a Binance.US account is relatively straightforward. Simply click “Get Started” in the upper-right-hand corner. To start, you’ll enter your email and phone number. If you want to buy, sell, or trade on the platform, you’ll also need to provide some basic personal information and upload a photo of a government-issued ID.
As mentioned, the identity verification process can take a while. Users have reported waiting over weeks or even months to get verified on Binance.US, which can be very inconvenient, especially if you want to start trading right away.