BINANCE CRYPTO EXCHANGE: REVIEW FOR SCALPERS

Binance is the most popular cryptocurrency exchange in the world. Let's talk about Binance's most important things for scalpers and intraday traders - features, instruments, fees and discounts.
Attention! This article is for informational purposes only and does not contain recommendations or calls to action.

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Binance (briefly)

Binance has been working since July 2017. Binance is the absolute leader among cryptocurrency exchanges in terms of trading volume both the spot and futures markets. The exchange ranks first in terms of liquidity. Most scalpers trade here because of liquid tickers.

Binance users have access to fiat exchange, margin trading, P2P trades and trading on the P2P platform through the C2C (user / user) or B2C (business / user) model. Binance futures market is represented by USDT futures, COIN M futures and leveraged tokens.

Binance has more than 20 language versions This is due to the fact that Binance positions itself as a multilingual platform targeting users from all over the world.

Binance features

Binance exchange has a spot and futures market. The exchange web terminal has three modes: basic, classic and advanced (for crypto traders with different trading experience).

Margin trading is also available on Binance. The leverage depends on the currency pair and there are 3x, 5x and 10x leverage. The exchange offers a separate portal for OTC transactions. P2P platform offers users buy or sell cryptocurrency directly through their chosen offer and transfer / receive cash between persons.

Perpetual and quarterly futures are also implemented on Binance. Perpetual futures are the main instrument of the exchange. Most scalpers on Binance trade it. Perpetual futures (USD-M futures) are contracts without expiration with leverage up to 125x. Quarterly futures (COIN-M futures) - contracts with expiration and leverage up to 125x.

The feature of leveraged token trading on Binance is that the user does not need to use collateral and maintain a margin. Also, the trader does not have to worry about the risk of liquidation.

Binance fees

Binance fees for entering, closing and adding to a position are charged on a taker / maker basis. The exchange has a bonus program consisting of 10 levels. At the zero level, the commission for taker / maker deals is the same and equal to 0.1%. Learn more about Binance fees here.
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Binance fees
Binance deposit fees vary depending on how you top up your balance. Read more about how to buy cryptocurrency on the Binance exchange here. Withdrawal fees also depend on the withdrawal method and market conditions. You can find out about the current fees for withdrawing funds on the official Binance website.

CScalp referral bonus

You can get a 20% discount for the spot market and 10% for the futures market by registering on the exchange using our referral link. To register, click the button below.
If you register using a referral link, a code will appear in the "Referral ID" field, as in the screenshot below.
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Read more about registering on Binance using the CScalp referral link here.

Reviews on Binance

There are a lot of reviews about the exchange, due to the popularity of the exchange. According to CoinGecko, Binance has a trust rating of 10/10 as of January 20, 2021. The Binance exchange is considered one of the best and most stable platforms for cryptocurrency trading. Users note high liquidity for traded pairs, fast order execution and low fees - all that is needed for scalping.

Conclusion

  • Binance is the most popular cryptocurrency exchange in the world at the moment. The exchange constantly offers new trading instruments. Most scalpers trade here, due to the range of instruments presented and high liquidity.
Among the significant advantages of the exchange are:

• lack of mandatory verification when withdrawing up to 2 BTC per day;
• high speed of the exchange (processing 1.4 million transactions per second);
• Fiat support and purchase of cryptocurrency using bank cards;
• low trading fees (from 0.1% and below);
• technical support works 24/7;
• high level of security.
Happy trading on Binance exchange. We wish you a huge profit!

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