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Investing in Bitcoin 2021

As of this writing, the total market value of all digital currencies is about $ 119 billion, with Bitcoin controlling more than 52 percent of the market, this is more than just a bubble we're seeing, with new studies indicating that more people will join the Bitcoin community. This year, it is time to consider joining the Bitcoin investing bandwagon.

 

Investing in Bitcoin and why? The cryptocurrency market is growing at a high rate, thanks to the huge investment that has been pumped out by tech-savvy investors. In 2019 Bitcoin celebrated its first anniversary after its unveiling. The intrinsic value of Bitcoin as an alternative to storage and economic value transfer is gaining steady acceptance by A wide range of users, investors and even governments.

 


Buying and trading bitcoins at Binance:

Binance is one of the most important and easiest bitcoin trading platforms that we can deal with, as registering with it does not require more than entering the official website of the Binance platform and then clicking on Create a new account and fill in the data and verify only. As you will be ready to start the journey of trading or buying Bitcoin and other cryptocurrencies through the Binance platform.

 

Binance is an exchange that was established in 2017 with a strong focus on cryptocurrency trading. It offers more than 100 different trading pairs between different cryptocurrencies. It also does not offer some crypto classes but most of the blockchain cryptocurrency pairs.

 

Pros of Binance platform:

Lower fees than other commonly used exchanges.

A large variety of cryptocurrencies and trading pairs.

More advanced charts and graphs.

 

The cons of the Binance platform:

Targeted for more advanced users, i.e. suitable for professionals and challenging for beginners.

Binance has fewer trading pairs than its international counterpart although it still has over 100 trading pairs.

13 US states like New York are not backed by Binance.

 

However, at the present time, the Binance platform dominates the global exchange space, especially the Arab countries, which constitutes a large part of the daily volume of cryptocurrencies. The exchange does not currently allow deposits in US dollars but does allow you to buy a specified number of cryptocurrencies using a credit or debit card. Deposits that use more than 20 other fiat currencies, including the euro are allowed.

 

The Binance platform is best suited for people who wish to trade or invest in less popular alternative currencies. For example, Coinbase only offers 22 different cryptocurrencies for trading, while Binance has more than 50 currencies. Binance is an ideal trading platform for anyone wanting to trade cryptocurrencies or anyone who wants more advanced charts than most other exchanges.

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