Binance Honest Review | How To Buy Bitcoin | GOOD OR BAD IN 2021??
1.4 هزار بار بازدید -
3 سال پیش
-
We are reviewing Binance, the
We are reviewing Binance, the cryptocurrency exchange! 💵 Try Binance: https://adamventure.link/binance OR code 52140747 💵 Try Gemini: https://adamventure.link/gemini 💵 Try Coinbase: https://adamventure.link/coinbase 💵 Try BlockFi: https://adamventure.link/blockfi 💵 Try Voyager: https://adamventure.link/voyager
ABOUT: In this video we’re taking a look at Binance, one of the largest cryptocurrency exchanges in the world. You can buy and sell over 100 cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). The user experience is pretty smooth on both the mobile app and website, and most things you need to do are very intuitive. The buying process is quick and you can transfer it out to another service like BlockFi, Celsius, Nexo, or Voyager. They take all sorts of payments like bank/wire transfers, debit cards, and credit cards (global site only). Fees are very low compared to other exchanges like Gemini and Coinbase.
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Instagram: Instagram: adamventureofficial
Patreon Page: Patreon: adamventure
0:00 - Intro
1:05 - Binance Overview
4:35 - Key Considerations
7:28 - The Verdict
9:05 - Comparisons
12:27 - Outro
#binance #bitcoin #cryptocurrency
OVERVIEW
Binance.US was founded in 2019 in San Fransisco, which is owned by the much larger global Binance parent company, which was founded in 2017 by Changpeng Zhao
The US arm of Binance is one of the world’s largest cryptocurrency exchanges, where you can buy and sell over 100 cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE). The global Binance is the largest in terms of transaction volume with way more cryptocurrencies and well over $40 billion traded daily. The US arm alone is the #8 exchange on Coin Market Cap with over $1 billion traded daily
Binance.US has never experienced any breaches however the global Binance site did report that hackers stole about 40 million dollars in 2019 which was entirely covered by the company. They launched the Secure Asset Fund for Users, or SAFU, on July 3rd 2018 which is an emergency insurance fund. Binance allocates 10% of all trading fees received into SAFU to offer protection to our users and their funds in extreme cases such as theft. In addition to SAFU, US dollars in your account are FDIC insured up to $250k
The buy process is extremely quick even without funds on your account but Binance requires you to wait 10 days before sending crypto or cash out. For payment methods, they take bank transfers, and wire transfers, and debit cards, only the global site takes credit cards.
The fees are actually on the lower side at 0.1% of the transaction. You can reduce this further by 25% by opting to use BNB, Binance’s official cryptocurrency, to pay for fees. While sounds like a no-brainer at first, you do get hosed on transfer fees.
CONSIDERATIONS
Cryptocurrency in general is still relatively volatile. It could easily half in price so just be careful with the money you put in. Stable coins could be used to stabilize your investment. These also have really high APY in cryptocurrency interest accounts like BlockFi, Celsius, Nexo, and Voyager, so it could be a good place to park some cash.
Since Binance is heavily geared towards traders, I might be difficult for beginners to pick up. You can always download it for free and play around with it yourself.
Binance is not available in every state and country so take a look and see if you’re even eligible to use it. Currently in the US, its available in every state except Connecticut, Hawaii, Idaho, Louisiana, New York, Texas and Vermont
There’s always the chance of a security breaches. With a strong balance sheet and SAFU they will likely be able to cover losses if another were to occur.
Not your wallet not your coin applies here, these aren’t your wallets so Binance can freeze accounts if necessary
I could not find a lot of details about their security measures, but Binance.US uses PrimeTrust as their custodians, who are a big name in the crypto space.
Their customer support seems to be absolutely swamped right now. The only way to contact their support is through an email ticketing system, and you can’t call in anywhere
Legal Disclosure: I’m not a financial advisor. The information contained in this video is for entertainment purposes only. Before investing, please consult a licensed professional. Any stock purchases I show on video should not be considered “investment recommendations”. I shall not be held liable for any losses you may incur for investing and trading in the stock market in attempt to mirror what I do. Unless investments are FDIC insured, they may decline in value and/or disappear entirely. Please be careful!
ABOUT: In this video we’re taking a look at Binance, one of the largest cryptocurrency exchanges in the world. You can buy and sell over 100 cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). The user experience is pretty smooth on both the mobile app and website, and most things you need to do are very intuitive. The buying process is quick and you can transfer it out to another service like BlockFi, Celsius, Nexo, or Voyager. They take all sorts of payments like bank/wire transfers, debit cards, and credit cards (global site only). Fees are very low compared to other exchanges like Gemini and Coinbase.
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Instagram: Instagram: adamventureofficial
Patreon Page: Patreon: adamventure
0:00 - Intro
1:05 - Binance Overview
4:35 - Key Considerations
7:28 - The Verdict
9:05 - Comparisons
12:27 - Outro
#binance #bitcoin #cryptocurrency
OVERVIEW
Binance.US was founded in 2019 in San Fransisco, which is owned by the much larger global Binance parent company, which was founded in 2017 by Changpeng Zhao
The US arm of Binance is one of the world’s largest cryptocurrency exchanges, where you can buy and sell over 100 cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE). The global Binance is the largest in terms of transaction volume with way more cryptocurrencies and well over $40 billion traded daily. The US arm alone is the #8 exchange on Coin Market Cap with over $1 billion traded daily
Binance.US has never experienced any breaches however the global Binance site did report that hackers stole about 40 million dollars in 2019 which was entirely covered by the company. They launched the Secure Asset Fund for Users, or SAFU, on July 3rd 2018 which is an emergency insurance fund. Binance allocates 10% of all trading fees received into SAFU to offer protection to our users and their funds in extreme cases such as theft. In addition to SAFU, US dollars in your account are FDIC insured up to $250k
The buy process is extremely quick even without funds on your account but Binance requires you to wait 10 days before sending crypto or cash out. For payment methods, they take bank transfers, and wire transfers, and debit cards, only the global site takes credit cards.
The fees are actually on the lower side at 0.1% of the transaction. You can reduce this further by 25% by opting to use BNB, Binance’s official cryptocurrency, to pay for fees. While sounds like a no-brainer at first, you do get hosed on transfer fees.
CONSIDERATIONS
Cryptocurrency in general is still relatively volatile. It could easily half in price so just be careful with the money you put in. Stable coins could be used to stabilize your investment. These also have really high APY in cryptocurrency interest accounts like BlockFi, Celsius, Nexo, and Voyager, so it could be a good place to park some cash.
Since Binance is heavily geared towards traders, I might be difficult for beginners to pick up. You can always download it for free and play around with it yourself.
Binance is not available in every state and country so take a look and see if you’re even eligible to use it. Currently in the US, its available in every state except Connecticut, Hawaii, Idaho, Louisiana, New York, Texas and Vermont
There’s always the chance of a security breaches. With a strong balance sheet and SAFU they will likely be able to cover losses if another were to occur.
Not your wallet not your coin applies here, these aren’t your wallets so Binance can freeze accounts if necessary
I could not find a lot of details about their security measures, but Binance.US uses PrimeTrust as their custodians, who are a big name in the crypto space.
Their customer support seems to be absolutely swamped right now. The only way to contact their support is through an email ticketing system, and you can’t call in anywhere
Legal Disclosure: I’m not a financial advisor. The information contained in this video is for entertainment purposes only. Before investing, please consult a licensed professional. Any stock purchases I show on video should not be considered “investment recommendations”. I shall not be held liable for any losses you may incur for investing and trading in the stock market in attempt to mirror what I do. Unless investments are FDIC insured, they may decline in value and/or disappear entirely. Please be careful!
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