These articles are for all those who want to get to know cryptocurrencies better before investing. Today we are going to talk about a very important point that is how and where to buy cryptocurrencies in India. Now because there has been a Sudden boom of Crypto in India, there are so many platforms that give you the facilities to buy crypto. But many such websites can easily deceive you. There are many crypto exchange platforms in India today, from where you can buy and sell cryptocurrency. You all must have read and heard many times on TV and social media, and in newspapers. The popularity of cryptocurrency has increased so much that millions of dollars in crypto trading is done every day in India.
One of the crypto exchanges available in India, Binance has also become the largest cryptocurrency platform not only in India but also in the world. Now let us talk about what is the advantage of using a big platform like Binance. The biggest advantage is that because of its global presence it provides a long list of cryptocurrencies, which means there are 100 cryptocurrencies available here. If you are interested in bitcoin trading check the changing role of blockchain technology for the future world .
Which makes this crypto platform the most special, because many platforms have a very limited amount of coins and it limits your crypto investment portfolio. You should understand it in such a way that most of the coins are available in Binance and they are constantly adding to coins.
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Low Trading Fee
You have to pay a law commission while starting crypto trading. In this, you will get 0.015% to 0.10% commission on trading and purchase fees. The number of available cryptocurrencies is more than 500 currencies available for global traders and around 60 available t for U.S traders under the Binance U.S.
Most important feature: Security
Binance provides Two factors of authentication i.e. 2FA verification, apart from your account id and password, an OTP will also come in your mobile phone every time you make a transaction. This means that it is not only easy but impossible to get inside your account.
Binance has another security feature
Address whitelisting This means that all the cryptocurrencies you have in your account can be withdrawn only to those crypto addresses that you have whitelisted.
I would like to tell you about another user of Binance
which is safu (secure acid fund for users) This is such a fund of Binance which in case if ever your account gets hacked or there is any security breach and your crypto acid is compromised then Binance will compensate you with that fund. Deposits 10% of all transaction fees in the Binances fund. This shows that Binance is very serious about its user’s securities.
Binance Smart Pool
This opportunity gives Binance the ability to switch between different Cryptocurrencies for mining. Because of this, their earnings increase and even multiply.
Binance Swap
There is such a platform that makes them stronger by investing in Binance Margin Crypto startups. Binance also has its currency which is called Binance coin i.e. BNB.
I told you all those points which make balance different from all other platforms.
Closing Thoughts
Securing your account on your crypto platform has become an important consideration, which helps you to secure your account or protect yourself from hackers. Regarding its security, we have taken some simple steps to avoid bitcoin and altcoins in the article above. You need to go to the Security Dashboard to check the security level of your platform.
