How to withdraw cryptocurrencies from Binance.
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How to withdraw cryptocurrencies from Binance.
Knowing how to withdraw money from Binance is relatively simple. It is one of the most popular platforms among the best cryptocurrency exchanges and, surely, the one that has evolved the most in its four-year history. Its commissions are fixed, 0.1 percent for the purchase and sale of cryptocurrencies. It operates with more than one hundred and fifty different cryptocurrencies to trade and has more than sixty different payment methods, when it comes to operations between people (P2P). In addition, its Wallet (Trust Wallet) is free, very safe and easy to use, in the same way as its App for the mobile phone.
How to withdraw cryptocurrencies from Binance is relatively so simple that this aspect makes it one of the best existing cryptocurrency exchanges. It was born in 2017 in China, but soon moved its headquarters to the island of Malta, from where it has undergone a great evolution and offers advantages that make it one of the main, most popular, safe and reliable exchanges in record time. of all existing ones.
According to the specialized portal Hoddled, the Binance exchange offers a large number of advantages: fixed commissions of only 0.1 percent for the purchase and sale of cryptocurrencies; the fact that you trade more than 150 different cryptocurrencies to trade; which offers more than sixty different payment methods, when it comes to transactions between private users (P2P); that its Wallet (Trust wallet) is free and very easy to use, as well as its application (App) for the mobile.
In addition, it has fiat currencies (legal tender, whose value does not derive from the fact of being a physical good or merchandise, but from the fact that it is issued and is backed by a government).
ADVANCED SECURITY.
Choosing a good cryptocurrency exchange is becoming more and more important. Keep in mind that the value of all cryptocurrencies added this month reached an all-time high and may still exceed the value of the commodity market in about ten years.
Binance is a cryptocurrency exchange with one of the most advanced security systems. It can be connected with different “trading bots” on the market and allows Staking, which is like placing a bet. It is the process by which the owners of cryptocurrencies use them to add new blocks to the associated blockchain and, in return, receive a reward in the form of additional coins. The deposited coins are kept in a wallet, in such a way that the cryptocurrencies support the security and operation of the Blockchain network.
Staking is also the process of restricting the commercial use of cryptocurrencies for rewards.
MORE THAN 150 CRYPTOCURRENCIES AVAILABLE.
Binance operates with Bitcoin, Ethereum, Binance Coin, Cardano, XRP, Avalanche, Dogecoin, Terra, Axie Infinity, Wax, Tezos, Coin 98, Chromia, Solana, Litecoin, TRON, Marlin, Gitcoin, Swipe …
It operates with an endless list of more than one hundred and fifty different cryptocurrencies, of which we only mention the best known in this article.
THE PAYMENT METHODS
Binance has the most common payment methods, but at the moment it seems that the most common method is payment by credit card.
This, of course, when it comes to transactions between private users, because when it comes to operations that are not between individuals, things change. There are those who estimate that for the purchase and sale of cryptocurrencies between operators who are not private individuals, the payment methods available on Binance are few. For example, bank transfers cannot be made.
However, when the operations are P2P (from the English “peer-to-peer”, or “peer-to-peer network”, for example a network of interconnected computers that allow the direct exchange of information, in any format), Binance has several more options, among which are: BAC Credomatic (PAB), Scotiabank Panamá (PAB), Pix (BRL), MACH (CLP), Facebank International (VES), or Banco Falabella (COP).
OTHER CRYPTOCURRENCY EXCHANGES
Although Binance is among the exchanges that offer the most advantages, the specialized portal Hoddled offers the “pros” and “cons” of other cryptocurrency exchanges.
Coinbase is one of the best known worldwide. He is from the United States, but his commission is higher than that charged by Binance, since it represents 1.45 percent for the purchase or sale in euros. But these commissions go up to 3.99% when the payment or deposit is made via credit or debit card.
It allows making transfers, as well as using cards and Paypal. It operates in over a hundred countries and has a reputation for being very easy to use for newcomers. This ease of use is its main advantage. It handles sixteen different cryptocurrencies, including Bitcoin or Ethereum, which are the best known.
