Review on Binance by jesus ruiz
Binance is already in Venezuela
Founded in 2017, Binance is a cryptocurrency exchange platform that provides an entire financial infrastructure for trading more than 100 digital assets.
As of 2018, it is considered the exchange platform with the largest trading volume in the world.
Binance P2P is available in Venezuela since April 2020, so as the platform is new to Venezuelan territory, it only has offerings in Tether, Bitcoin and Ethereum.
As we can see, there is an increasing amount of fiat currencies that one can access, such as the Argentine peso , the Colombian peso , the Mexican peso , the Brazilian real , the dollar and the euro. Therefore, through this platform we can send money to our family in Venezuelan territory, or vice versa.
If you have one of these Fiat currencies, you can buy cryptos in Binance, and send the cryptos to your relatives so that they can exchange them into bolivars. Or, if you are outside Venezuela, and still have some income in bolivars, you could easily transform them into crypto.
Pros
- Almost zero commissions
- The exchange is carried out under the P2P modality.
- Can be done in bolivars
Cons
- None for now
New products
Comments (1)
March 25, 2021
Hello Jesus. I stop by here to comment on your review.
Undoubtedly, an exchange that offers many opportunities to operate with our money and especially in a country like Venezuela where the currency devalues rapidly and this is a very good way to convert our income.
Greetings.
