Top Crypto Exchanges Providing Low Fees

Here are some pros of Binance exchange that you need to know:

• Low fees – Binance only charges 0.1% for both buyers and sellers, whereas most significant sales would charge at least 0.2%. The cost for futures trading is even lower, starting only at 0.02%.
• Various payment methods – Generally, Binance accepts payments via VISA, Mastercard, wire transfers, ACH transfers, and SEPA transfers. Aside from that, the P2P exchange allows users to swap cryptos with third parties.
• Easy signup process – You can make a Binance account with only several steps.
• Free deposits – Binance doesn't charge users for making deposits.
• Speedy execution – Binance technology can process up to 1.4 million orders per second.
• Over 600 cryptocurrencies available – Binance offers both big and small cryptocurrencies. This also includes stablecoins, mining tokens, and utility tokens.
• Has a native coin – Binance has a native token called Binance Coin (BNB) that operates within the Binance network and provides unique benefits such as lesser fees on spot trading activities.
• Reputable exchange – Binance has a large trading volume and client base.
• Plenty of educational materials – Binance is a beginner-friendly platform that provides many educational content articles, webinars, tutorials, etc.
• Potential to get passive income – Binance users can earn passive income through several methods, such as staking, liquidity farming, crypto lending, etc.
• High liquidity – Binance has millions of active users worldwide, making the liquidity high and favorable for traders.
• VIP Level System – Binance has a system that allows traders to get fee discounts. The levels are determined from trading volumes in 30 days.
• Responsive customer service – Users can enjoy the 24/7 live chat accessible across desktop and mobile platforms. Users can also provide feedback through the "Give Us Feedback" option.

Continue Reading at Binance Review: Safety, Pros, and Cons

Binance Futures benefits from Binance's reputation because it is a product of Binance, one of the most well-known and trustworthy cryptocurrency trading platforms in the world. It is the world's largest cryptocurrency exchange by trading volume daily and is available in over 180 countries with a global user base of over 15 million people. 

With the maximum cost of 0.04 percent on any deal, leverage up to 125x is also possible on Binance Future's platform. The traders' funds in Binance Futures accounts are kept separate from their regular trading accounts. In this case, tether (USDT) must be used as collateral to fund Bitcoin futures. The USDT-margin futures contract's limit order feature allows clients to specify a Take Profit (TP) and a Stop Loss (SL) to the order.

Continue Reading at Top 5 Exchanges to Trade Crypto Derivatives

When it comes to security, there are several things that you could focus on, such as:

• HTTPS: Every secure exchange must have a valid HTTPS certificate This shows that the site is safe, and they won't be able to collect or change your data without your permission.
• Two-Factor Authentication (2FA):  Most exchanges offer a variety of 2FA methods, such as software, SMS, and hardware devices. The most common option is to use Google Authenticator.
• Strong Password: You might be asked to fulfill certain criteria, such as a mix of regular and capital letters, numbers, symbols, etc.
• Funds Insurance:  This is certainly a great safety net for traders, but please note that such policies do not protect individual accounts and only apply to the exchange as a whole.
• Cold Storage: Funds that are stored in cold storage are much more difficult to steal compared to those that are kept in a hot wallet.
• Ability to Whitelist IP and withdrawal Addresses:  This enables blocking suspicious logins from other locations.
• Extra measures: Exchanges can offer many other security measures, such as multi-signatures, suspicious behavior notifications, phishing protection, and more.

Continue Reading at Don't Leave Your Money in Crypto Exchanges, Here's Why

Know Your Customer (KYC) identifies customers before any transactions are made. This procedure is standard in various companies, including crypto exchanges and other crypto-related financial institutions. It's the foundation of the global AML/CFT compliance regulations and is used to prevent criminals from evading the AML/CFT controls.

By having a good understanding of their customers, exchanges are more likely to be able to detect customers who are misusing their service and prevent criminal activities from taking place.

Continue Reading at How to Do KYC the Right Way in Gate.io