How does Binance work?

Binance is used by millions of traders for exchanging and investing in various cryptocurrencies. To start trading, users must complete the necessary know-your-customer (KYC) requirements. Upon successfully creating a trading account, they can add funds to their public wallet address (provided by Binance) to start trading.

What is Binance Jersey?

In 2019, company announced Binance Jersey, an independent entity from its parent Binance.com exchange, with the aim to expand its European influence. Jersey based exchange offers fiat-to-cryptocurrency pairs, including the Euro and the British pound. In April 2018, Binance launched the Binance Charity Foundation.

Is Binance a crypto exchange?

Fiat to crypto – Binance is largely known as a crypto to crypto exchange. That means that you can’t trade fiat money (like the US Dollar) on the platform for cryptocurrencies. You first need to use another platform like Coinbase that specialises in fiat to crypto exchange, then bring that cryptocurrency to Binance.

Does Binance have a regulatory problem?

Binance has run into regulatory trouble in several countries: Binance has faced several regulatory and legal issues in multiple countries, so crypto investors may want to consider other exchanges.