Binance is a well-known, cryptocurrency exchange with global reach. It allows trading for more than a hundred cryptocurrencies. In fact, it is among the largest exchanges of its kind in terms of trading volume. Binance Jersey is an independent exchange from the same company and it is meant for european natives.
So What is Binance?
Binance is both the fastest growing crypto exchange and stands out for its multi-language support, clear UI, and faster order processing. The platform supports 3 types of trade orders:
- Market: These orders are processed instantly at the best available market price
- Limit: These orders are processed at the set limit price
- Stop Limit: These orders turn into valid orders when the price touches a specific level
Binance doesn’t charge any fee for deposits. However, withdrawals can attract a tiny fee based on which cryptocurrency is involved. Trading is charged at 0.1%.
What is Binance Jersey?
Binance Jersey is also a cryptocurrency exchange that has been incorporated by the parent company to specifically service european natives. This exchange supports fait-to-crypto pairs that include GBP and Euro. What makes it special is that it allows you to trade between fiat and cryptocurrencies both ways.
It may not support as many cryptocurrencies, but it is expected to increase its fiat-to-crypto pairs in the near future. The supported trading pairs include:
- Bitcoin/GBP
- Bitcoin /EUR
- Ethereum/GBP
- Ethereum/EUR
Binance Jersey charges just 0.1% for general trading. Withdrawal fee is almost equivalent to the industry standard.
Benefits of Trading on Binance
There are many advantages of trading on Binance:
- Binance is fast in supporting forked coins. The moment a fork happens, equivalent or same number of coins will be in your wallet.
- It also supports airdrops that help you make some bonus.
- If you choose to use Binance’s BNB token, the fees will be reduced.
- It supports more coins than almost all crypto exchange available out there
Thus, there are many benefits of choosing Binance as your trading platform for cryptocurrencies. It is more affordable, reliable, and larger. You can also choose Binance Jersey, based on which currencies you want to trade in.
