CCX004 - Binance 101 - Crypto to Crypto Exchange
Description
Binance was founded by Cheng Peng Zhang in 2017 and prior to becoming a founder of Binance. Mr Zhang was the CTO of OkCoin.
Let's talk about how Binance is different than Coinbase. Binance is a crypto to crypto exchange vs. Coinbase is your fiat currency to crypto exchange.
In Coinbase you can take your US dollar your Canadian dollar or Euro and you can buy cryptocurrencies like Bitcoin, Litecoin, and Ethereum. But to trade or to buy cryptocurrencies on Binance, you have to already own cryptocurrencies like Bitcoin, Litecoin or Ethereum and once you have transferred those to Binance wallet. Then you can buy crypto assets or cryptocurrencies on Binance.
For more information on Binance, BNB and other services offered by Binance please visit https://www.cryptochainx.com.
United States
