The leading cryptocurrency exchange in the Philippines is Binance

The leading cryptocurrency exchange in the Philippines is Binance, but why is that?

One of the top trading platforms in the world, Binance accepts more than 200 coins for deposits and withdrawals. As a cryptocurrency trading platform, Binance offers incredibly affordable rates that are the lowest and coziest for any experienced trader or novice who wants to start trading cryptocurrencies.

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The site might receive a ton of positive evaluations on cryptocurrency trading because it welcomes users from all around the world. Now that Binance-US is compliant with American trade standards, anybody in the United States can trade through it.

Developer CZ or Changpeng Zhao introduced the Hong Kong-based cryptocurrency exchange Binance in July 2017. The exchange was established by Zhao's company, Beijie Technology, after a successful initial coin offering (ICO) that raised $15 million. The investors receive BNB (Binance Coin) in exchange for their investment in the ICO, which they can use to pay Binance fees or engage in cryptocurrency trading. At first, Binance was worth about $0.01. When it became more and more famous, the price of the coin got appreciated.


Binance Services: Binance Exchange
Binance has an exchange that allows people to have their fiat exchanged for coins like Bitcoin. Binance's P2P trading enables people to buy crypto through several ways:


Peer-to-Peer Trading Services
It has a great feature that provides a P2P (peer-to-peer) trading service as it directly connects the sellers and buyers of cryptocurrency. These fiat payments get facilitated with a wide variety of payment options that could depend on what the users prefer.

Debit or Credit Card
Binance was able to partner with Simplex so it can supply brokerage service through debit and credit cards. This service allows anyone to use their credit card to buy 31 different cryptocurrencies. Yet, when it comes to USD purchases, the service comes with a premium that can be as high as 3.5% for dollar purchases.