The Binance exchange, which is best known for crypto-to-crypto trading (trading between two cryptocurrency pairings), offers some of the lowest transaction costs among cryptocurrency exchanges. It has a lot of liquidity, and consumers who pay in BNB cryptocurrency tokens get discounts.
The term “Binance” comes from the words “bitcoin” and “financial.” It promises to have high levels of safety and security, as well as a multi-tier and multi-clustered design that allows for great processing throughput—it claims to be able to handle 1.4 million orders per second. It allows users to trade over 500 different currencies, including bitcoin, ethereum, litecoin, and its own native BNB.