Review on Binance by Javielys Mundarain
Login to Binance
Binance allows its users to trade and trade (investment in the market with the aim of making a profit) in real time with more than 100 cryptocurrencies. Platform to trade more than 100 digital assets.
The company was founded in China, but moved its servers and headquarters to Japan in anticipation of the Chinese government's ban on cryptocurrency trading in September 2017. In March 2018, the company established its offices in Taiwan.
If we want to register with Binance we will only need an email and a password.
The main page shows us in the upper right part the options "Start session" or "Register". This last button will take us to a file that we must fill in with the following information:
- Email
- Password
- Password confirmation
- Referential ID (This is optional)
Upon completion of registration, Binance will send us an email to confirm our account creation request. Remember that it is available for 15 languages, including Spanish, English, French, German, Portuguese and Italian.
Already within our Binance user account, we will have to select a series of recommendations that the platform makes us to continue and then respond if we want to activate two-factor authentication: Google Authenticator or SMS (text message). This last step is not mandatory; it is up to our selection. However, we recommend doing it because it gives us greater security to use Binance.
Now we will only have to put our email again together with our password to log in to the platform.
Pros
- 1- Capable of processing 1.4 million transactions per second.
- 2- Backed by an established team with a proven track record in the field of cryptocurrencies and finance.
- 3- Low fees on transactions and withdrawals.
- 4- Community reward programs.
Cons
- 1- Because it is a new platform, it is difficult to assess its long-term viability.
- 2- Currently, only Chinese phone numbers are supported for two-factor authentication.
- 3- Binance collects and stores some user data, such as IP address registration.
- 4- There have been hacking attempts although at the moment there have been no losses of funds.
