Sadly, many of them turned out to the scams. ICOs are quite similar to Initial Product Offerings (IPOs). Binance sold 100 million pre-created BNB tokens during the ICO.įun fact: An initial coin offering, otherwise known as an ICO, is a quick and easy way for crypto-based businesses to raise funds without having to deal with regulatory hurdles. Following a $15 million ICO fundraising round that lasted for just 20 days, Binance launched in July 2017. In 2017, they decided to build their own crypto exchange. What is Binance and when was Binance founded?īinance is the brainchild of Changpeng Zhao and Yi He. That being said, let’s quickly run through the history of Binance. From how to sign up to how to secure your account, trade, the trading fees associated with the exchange, and of course some comparison with other exchanges.īe rest assured, by the time you are done with this ultimate guide, you’ll know all about how to use Binance. In this tutorial, I’ll teach you all you need to know about how to use Binance exchange. I bet the next questions in your mind are how to buy digital assets, the best exchange to use, and how to trade. So, you have finally made up your mind to invest in cryptocurrencies.
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