What could explain popularity Binance has among professional investors and daytraders? A year of increased activity on the cryptocurrency market is enough for hundreds of thousands of people to become interested in blockchain and cryptocurrencies. Many people not only invested in Bitcoin or other cryptocurrencies in the long term, but also began to actively participate in the world of trading, ICO and project development.
Binance, cryptocurrency exchange for large investors
Which cryptocurrency exchange is best suitable for large investors? In order to answer this question, it is first necessary to define how much is a lot. According to statistical data from 2018, average person doesn’t have much savings. On the other hand, there are some individuals with more than average cash deposits or cash. Let us assume, that a large investor in cryptocurrencies has at least 4 BTC to hold and trade.
Which cryptocurrency exchange should be chosen by a large investor in cryptocurrencies? One that will ensure the security of transactions with high volumes and fast deposits and withdrawals. The availability of a large number of cryptocurrencies also counts. Investing large amounts excludes keeping money on stock exchanges for obvious reasons. Cryptocurrencies immediately go to a private hardware or paper portfolio after making a transaction.
Cryptocurrency market for active traders: Binance
What if someone trades a lot? You can make thousands of transactions, even with small capital. As long as transactions ultimately bring profit, everything is fine. In trading in 2018, bots and automated systems are widely used, and the image of a thoughtful trader with a hand on the mouse, deciding manually about levels and transactions, goes to the past.
What is the most important for active cryptocurrency traders? Low commissions. An active speculator can, most often automatically, make thousands of transactions a day, most of which will cost a fee. Hence the need for the lowest commission, which can be reduced in 2018 even to 0.075%.
Cryptocurrency market for daytraders and traders: Binance
Daytrading has different faces. If it is automated and systematic, access to many markets counts, and trades occur on many exchanges. The reason is the possibility of arbitrage, even if there is a little to profit. What is important, is that arbitrage provides almost certain profit. Daytraders who use the arbitration strategy place their capital in the market at a lower risk. It is possible thanks to better starting prices of the transaction, obtained on the basis of price analysis in various places and the selection of the lowest or highest, depending on the strategy. However, it is often a race with speculators who automate the use of price differences in the largest markets.
The cryptocurrency exchange has to meet several conditions: low commissions, a lot of cryptocurrencies and APIs to automate trading. In addition, it is worth finding… a few such exchanges to be able to immediately extract profits from price differences.
How to choose the best cryptocurrency exchange?
The cryptocurrency market for a trader is one that meets demanding criteria. The best cryptocurrency marketplace must provide:
- low commissions
- availability of many cryptocurrencies
- API enabling automation of trading
- safe and fast transfers with a large daily limit
How to meet all conditions? Create a free account at Binance
When you make a transaction on Binance, you only pay 0.075% commission. The promotional rate is valid until August 2019, then the fee will be 0.1% for the next year, which is still a low rate compared to most of the competition.
What cryptocurrencies are available on Binance cryptocurrency exchange?
The list of cryptocurrencies available on Binance stock exchange is long and more importantly, often supplemented with new and promising tokens. The most important and largest cryptocurrencies on Binance are: 0x, aelf, AdEx, Aeron, Aeternity, Agrello, AION, AirSwap, Ambrosus, AppCoins, Ark, Augur, Bancor, Basic Attention Token, Binance Coin, Bitcoin, Bitcoin Cash, Bitcoin Diamond, Bitcoin Gold, Bitshares, BlockMason Credit Protocol, Blox, Bluzelle, Bread, Bytecoin, Cardano, ChainLink, ChatCoin, Cindicator, Civic, CloakCoin, CyberMiles, Dash, Decentraland, DigixDAO, district0x, Eidoo, Enigma, EnjinCoin, EOS, EOS Network, Ethereum, Ethereum Classic, Etherparty, EthLend, ETHOS, Everex, Funfair, Genesis Vision, Gifto, Golem, Groestlcoin, GXChain, Hshare, ICON, ICONOMI, iExecRLC, INS Ecosystem, IOStoken, IoTeX, Komodo, KyberNetwork, Lisk, Litecoin, Loom Network, Loopring, Lunyr, Metal, IOTA, Modum, Moeda Loyalty Points, MONACO, Monero, Monetha, NANO, NAV Coin, Neblio, NEM, NEO, NeoGas, Nexus, Nucleus Vision, Nuls, OmiseGO, Ontology, openANX, OST, PIVX, Po.et, POA Network, Populous, PowerLedger, QLINK, Qtum, Quantstamp, QuarkChain, Raiden Network Token, RedPulse, Request Network, Ripio Credit Network, Ripple, Salt, Siacoin, SingularDTV, SingularityNET, Skycoin, SONM, Status, Steem, Stellar Lumens, Storj, Storm, Stratis, Streamr DATAcoin, Substratum, Super Bitcoin, Syscoin, TetherUSD, Theta Token, Tierion, Time New Bank, Triggers, TRON, TrueUSD, VeChain, Verge, Viacoin, VIBE, Viberate, WaBi, Walton, Wancoin, Waves, WePower, WINGS, YOYOW, Zcash, ZCoin, ZenCash, Zilliqa.
It is difficult to find another exchange with a good reputation with such a long list of cryptocurrencies to invest. If you are ready, get a free account now.