Binance is the largest cryptocurrency exchange in the world — a platform for trading cryptocurrencies and other digital assets.

Key Information:

• Founded: 2017
• Founder: Changpeng Zhao (CZ)
• Daily trading volume: $20–50 billion (about the GDP of a small country)
• Number of users: 170+ million (more than the population of a large country!)
• Available assets: 350+ cryptocurrencies, 1200+ trading pairs

What You Can Do on Binance:

• Buy cryptocurrencies with fiat money (USD, EUR, PLN, etc.)
• Sell cryptocurrencies and withdraw funds.
• Exchange one cryptocurrency for another.
• Invest through staking, farming, and participating in new crypto projects (Launchpad).
• Safely store your assets with enhanced protection.

Why Binance Leads the Market:

1. Versatility

Spot trading, futures, P2P, staking, loans, Launchpad — all under one roof.

2. Low Fees

Only 0.1% per transaction — even lower if you pay with BNB tokens.

3. High Liquidity

Massive trading volumes ensure quick transactions without drastic price changes.

4. Security

Multi-layer account protection, $1 billion SAFU insurance fund, and mandatory 2FA.

5. Innovation

Constant development of new products: BNB Chain, Web3 wallet, support for startups through Launchpad.

In short:

Binance is a universal platform for working with crypto: from simple Bitcoin purchases to advanced investments in future technologies.

How to Earn on Binance:

1. Trading (active management)

• Spot trading — buying and selling crypto at market prices.
• Futures — earn both on price rises and falls (up to 125x leverage).
• Margin trading — amplify your trades with borrowed funds (higher risk, higher reward).

2. Passive Income:

• Staking — lock your coins and earn rewards.
• Lending — lend your crypto and earn interest.
• Liquidity Farming (Liquid Swap) — provide liquidity and earn rewards.

3. Participation in New Projects:

• Launchpad — early access to new tokens.
• Launchpool — earn new tokens through staking.

4. P2P Trading:

• Direct deals with other users.

5. Copy Trading:

• Automatically copy trades of successful traders.

Conclusion: Should You Use Binance?

Yes, if:

• You need a full set of trading tools.
• You value high liquidity.
• You want to access Launchpad and staking opportunities.

No, if:

• You live in a country where Binance is restricted.
• You are seeking full decentralization — in that case, DEXs are better.

Binance remains the best exchange for most traders, though regulations may always change the rules of the game.