What is Binance and How Does it Function?

Crypto Gift Cards

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Available Cryptocurrencies

As of today, Binance lists hundreds of cryptocurrencies and trading pairs, giving users access to both major and emerging digital assets. From high-cap coins to low-cap gems, the platform regularly updates its listings based on market demand, project credibility, and user interest. Binance pairs list shows every trading pair, including stablecoins and fiat gateways. Check the daily‑updated Binance list of coins to discover new listings before the crowd.

Here are just a few categories of coins on Binance:

Top Market Leaders

• Bitcoin (BTC) — The first and most widely recognized cryptocurrency in the world.
• Ethereum (ETH) — The go-to smart contract platform.
• BNB (Binance Coin) — The native token that offers trading fee discounts and powers multiple features across the Binance ecosystem.

Trending Altcoins

• Solana (SOL)
• Avalanche (AVAX)
• Polygon (MATIC)
• Optimism (OP)

Stablecoins & Fiat-Pegged Assets

• Tether (USDT)
• USD Coin (USDC) – Available as a Binance USDC Gift Card, offering a convenient option for recharges and gifting.
• Binance EURI – A Euro-pegged stablecoin, available through Binance EURI certificates for easy access.

Don’t miss the exclusive Binance EURI certificates sale on Baxity Store for instant euro‑denominated top‑ups.

DeFi & Web3 Tokens

• Uniswap (UNI)
• Aave (AAVE)
• Curve (CRV)
• Chainlink (LINK)

NFT & Metaverse Coins

• The Sandbox (SAND)
• Decentraland (MANA)
• Axie Infinity (AXS)

What makes Binance different from other exchanges

Let’s break down the key differentiators that give Binance an edge over other exchanges.

1. Global Reach with Local Flavor
Binance is available in over 180 countries, offering localized language support, region-specific features, and tailored payment methods. This global accessibility—paired with an intuitive interface—makes Binance a top choice for users at every level.

2. Full Ecosystem in One Place
Unlike many platforms that concentrate only on trading, Binance offers a comprehensive cryptocurrency ecosystem.

You can:

• Trade, invest, or make money on Binance through staking and farming
• Explore new projects on Binance Launchpad
• Buy NFTs, use DeFi apps, and even learn through Binance Academy
• Get involved in community-driven initiatives or vote on project listings

3. Advanced Yet User-Friendly Interface
From the classic trading view for beginners to advanced charting tools for pro traders, Binance offers modes tailored to your level of experience. Its interface is powerful yet easy to navigate, helping users learn Binance at their own pace. New traders love the Binance chart explained section, which demystifies candlesticks and depth graphs.

4. Unmatched Security Infrastructure
Security is where Binance truly sets itself apart. It employs:

• Real-time risk monitoring
• Cold storage for the majority of funds
• 2FA and anti-phishing tools (a must for any serious trader)
• SAFU (Secure Asset Fund for Users) — A safety reserve designed to protect users in the event of unforeseen circumstances.

5. Fast Performance and High Liquidity
Binance handles billions in daily trading volume, ensuring high liquidity and low slippage across trading pairs. This means your orders—whether you’re buying, selling, or reading Binance charts to time your entry—execute fast, even during high market volatility.

6. Binance Gift Cards and Prepaid Options
Binance lets you gift crypto via customizable Binance Gift Cards—a unique feature rarely offered by other exchanges. You can also buy USDC or EURI cards from Baxity and use them to recharge the account balance or give crypto as a present.

Whether you’re just starting out or looking for the best coin to trade on Binance, the platform offers unmatched versatility, accessibility, and depth. That’s what makes it more than just an exchange—it’s your gateway into the crypto world.

What Is a Binance Account?

Before you can dive into trading on Binance, you need to open an account on Binance. Complete the simple signup process to unlock staking, savings, and more income streams. This is your personal gateway to everything the platform offers—from spot and futures trading to staking, Launchpad participation, and more. Think of your Binance account as your all-access pass to one of the world’s largest cryptocurrency ecosystems.

Follow the checklist to set up a Binance account with KYC in under ten minutes. Creating an account is simple, but completing identity verification (KYC) and setting up security features are essential steps to ensure your assets and data are protected.

How to Create a Binance Account Step by Step

Setting up a Binance account takes just a few minutes. Here’s how to get started:

1. Visit the Binance Site:
   Go to the Binance official website or download the app from your device’s app store.
2. Click “Register” or “Sign Up”:
   Enter your email address or phone number, create a strong password, and agree to the terms.
3. Verify Your Email or Phone Number:
   Binance will send you a code—enter it for your identity confirmation.
4. Set Up 2FA (Two-Factor Authentication):
   This adds an extra layer of security to your account (more on this below).

Once your account is created, you’ll need to complete the KYC (Know Your Customer) process to unlock full trading functionality.

KYC Verification Process Explained

To comply with regulations and ensure platform security, Binance requires users to verify their identity through a KYC process. Here’s what it involves:

• Basic Info: Full name, nationality, and date of birth
• Document Upload: A valid government-issued ID (passport, driver’s license, or national ID)
• Selfie or Facial Recognition Scan: Verifies that you are the person in the ID

KYC verification is usually completed within a few hours but may take up to 48 hours during peak periods. After passing KYC, you can:

• Access higher Binance deposit limits or withdrawal limits
• Start trading in Binance
• Participate in token sales and special events

Pro Tip: Wondering about the Binance verification time? Most users get verified in less than a day!

Security Settings: 2FA and Anti-Phishing Tools

Security is a top priority when using Binance. After registering, it’s critical to activate the following:

• Two-Factor Authentication (2FA): Use Google Authenticator or SMS to add a second layer of protection.
• Anti-Phishing Code: Binance allows you to set a unique code that will appear in all official emails. It helps you identify real communication from phishing attempts.
• Withdrawal Whitelist: Allow to withdraw crypto from Binance to specific wallet addresses for extra safety.

By taking advantage of these features, you significantly reduce the risk of unauthorized access and protect your funds from common crypto threats.

What Is Binance App?

Still asking what Binance is? A clear Binance definition: an online exchange matching crypto buyers and sellers at scale. The true Binance meaning lies in its mission to increase global crypto freedom. The Binance app brings the full power of the world’s largest crypto exchange right to your pocket. Whether you’re a beginner just starting out or an experienced trader on Binance, the app offers all the tools you need to trade, invest, and manage your digital assets on the go. For up‑to‑date Binance information, bookmark the official blog and status pages.

Mobile vs Desktop: Key Differences

While both platforms offer access to cryptocurrency trading on Binance, there are a few distinctions:

Mobile App:

• Ideal for trading on the go
• Push notifications for price alerts and security updates
• Simplified interface with easy access to wallet, charts, and trading pairs

Desktop Platform:

• Offers more advanced tools for technical analysis
• Better suited for high-frequency and professional traders
• Larger interface for viewing Binance charts explained in detail

For beginners, the mobile app is a great way to start trading in Binance thanks to its user-friendly design and intuitive navigation. Whether desktop, web, or mobile, the suite of Binance platforms syncs seamlessly.

Core Functions of the Binance App

The app doesn’t cut corners—it includes everything you need to trade on Binance effectively. Here are the core features:

• Buy and sell crypto instantly
• Trade spot, margin, and futures
• View live market data and price charts
• Set price alerts and stop loss on Binance
• Deposit, withdraw, and transfer funds
• Access Binance Earn, Launchpad, and savings tools
• Complete KYC and manage account settings
• Enable advanced security measures like 2FA and anti-phishing codes

You can also keep track of your portfolio in real time, see the market Binance activity, and even explore educational content for Binance learning.

How to Install and Log In

Getting started with the Binance app is fast and easy:

1. Download the app from the App Store or Google Play.
2. Install and open the app on your device.
3. Log in using your email/phone and password, then enter your 2FA code.
4. Explore the dashboard to access your wallet, trading interface, and tools.

Tip: Make sure to install only the official Binance app to avoid phishing and fraud. Use the one‑tap login shortcut for faster access to your dashboard.

Ready to learn how Binance works behind the scenes—from order types to liquidity and the tech powering it all? Let’s dive into the next section: How Does Binance Work?

How Does Binance Work?

Binance operates as a trading platform where users can place orders to buy or sell cryptocurrencies. The platform matches these orders through its advanced matching engine, ensuring efficient and timely trades. The live market price on Binance updates every second, so you’re never trading blind. Study the Binance trade rules to avoid unexpected liquidations or fee surprises.

Order Types on Binance

• Market Orders: Execute immediately at the current market price.
• Limit Orders: Set a specific price at which you want to buy or sell.
• Stop-Limit Orders: Combine stop and limit orders to mitigate losses or secure profits.

How Liquidity Is Maintained

Binance maintains liquidity through its large user base and by supporting a wide range of trading pairs. This ensures that users can execute trades promptly without significant price slippage.

Binance Smart Chain and Ecosystem Tools

Binance Smart Chain (BSC) is a blockchain network developed by Binance, enabling the creation of decentralized applications (dApps). It offers low transaction fees and supports various DeFi projects, expanding the Binance ecosystem.

How to Trade Using Binance

This concise Binance guide walks you from signup to your first trade in fifteen minutes. Choose Binance for trading if you need tight spreads and industry‑leading security. Trading on Binance involves selecting a trading pair, analyzing market data, and placing orders based on your strategy. A reliable signal: Binance volume spikes often precede major breakouts.

Classic vs. Advanced Trading Modes

• Classic Mode: Simplified interface suitable for beginners, offering essential trading features.
• Advanced Mode: Provides comprehensive Binance tools and charts for experienced traders seeking in-depth analysis.

How to Read Binance Charts

If you’re new to trading on Binance, understanding how to read the charts can make all the difference. Binance provides detailed candlestick charts that show price movements in real-time, which helps traders make smarter decisions.

• Green candles mean prices are going up, while red candles indicate a decline.
• Popular indicators like RSI, MACD, and Bollinger Bands offer deeper insights into the market.
• Watching the volume and drawing trend lines can help identify strong buy or sell signals.

Mastering the skill of reading Binance charts is a powerful step toward building your own successful Binance trading strategy.

Common Mistakes Beginners Should Avoid

When it comes to Binance for beginners, it’s easy to make avoidable mistakes. Here are a few you should watch out for:

• Jumping in without research: Always understand the coin you’re buying—learn the meaning of Binance tokens and projects.
• Skipping risk management: Use stop-loss orders and follow the Binance trading rules to protect your capital.
• Letting emotions guide trades: Fear and FOMO can lead to impulsive decisions and losses.
• Ignoring security: Make sure to activate two-factor authentication (2FA) and use Binance’s anti-phishing tools.

If you’re just starting out with cryptocurrency trading on Binance, keep things simple, be patient, and always keep learning.

How to Make Profit on Binance

There are several legit ways to make money on Binance, even if you’re not a full-time trader. Here are some popular options:

• Spot and margin trading: Buy low and sell high using Binance’s intuitive platform.
• Staking: Lock your crypto to earn passive rewards.
• Launchpad and Launchpool: Participate in exclusive new token offerings.
• Liquidity farming: Add your assets to liquidity pools and get rewarded.

With the right tools, discipline, and a good understanding of Binance interface features, generating profit on Binance is totally possible—even for beginners.

Where to Buy Binance Gift Cards Online

Want a flexible way to top up your account or gift crypto to someone else? The easiest way is to buy Binance Gift Card online from Baxity Store. These gift cards are:

• Available in multiple currencies including USDT and USDC Cards
• Perfect for recharging your Binance wallet instantly
• A thoughtful gift for friends, family, or colleagues interested in crypto

Whether you’re using it for personal trades or gifting, a Binance Gift Card makes crypto more accessible.

What Can You Buy with a Binance Gift Card?

Once redeemed, the value of your Binance Gift Card can be used for:

• Buying any of the supported coins on Binance (Beginners can start Binance buying crypto with as little as a $5 Gift Card purchase.)
• Trading or staking within the platform
• Participating in exclusive offerings like Binance Launchpad
• It’s a flexible tool that fits right into your crypto lifestyle.

How to Redeem and Use Your Gift Card

Using your Binance Gift Card is super easy:

1. Log in to your account on the Binance site
2. Go to the Gift Card section and hit “Redeem”
3. Enter your card code and the funds will be credited to your spot wallet

You can use the funds to trade, stake, or even buy more crypto on Binance.

Why It’s a Perfect Crypto Gift

A Binance Gift Card is a smart and modern gift for anyone curious about crypto. It’s:

• Easy to use and perfect for beginners
• Secure and flexible for seasoned traders
• A great introduction to Binance cryptocurrency trading

Whether you’re looking to invest in Binance yourself or want to help someone else get started, a Binance Gift Card is a meaningful and practical gift. Buy yours today from Baxity Store and make crypto gifting effortless!

FAQs about Baxity Store and Binance Gift Cards

1. What is Baxity Store? Baxity Store is an online platform that provides a wide range of digital products, including prepaid gift cards for various platforms like Binance, gaming services, and more. Baxity offers a secure, easy-to-use platform for purchasing digital gift cards and cryptocurrency-related products.
2. What is a Binance Gift Card? A Binance Gift Card is a prepaid digital card that can be used to add funds to your Binance account. You can purchase these gift cards from Baxity Store, and they can be redeemed for cryptocurrency on Binance.
3. How do I buy a Binance Gift Card from Baxity Store? To buy a Binance Gift Card from Baxity Store, simply visit the Binance Gift Cards section, select the amount, and complete your purchase through secure payment methods. After purchase, you will receive the digital card via email.
4. How do I redeem my Binance Gift Card? To redeem your Binance Gift Card, log into your Binance account, go to the “Redeem Gift Card” section, and enter the card details (code) provided after purchase. The funds will be credited to your Binance wallet immediately.
5. What can I buy with a Binance Gift Card? A Binance Gift Card can be used to add funds to your Binance account, allowing you to trade cryptocurrencies, stake assets, participate in Binance Launchpad events, and more. It’s a great way to fund your account or share cryptocurrency with others as a gift.
6. Can I use a Binance Gift Card for anything other than crypto trading? No, Binance Gift Cards are specifically designed for use on the Binance exchange. They are used to fund your Binance account, and you cannot use them for purchases outside of the Binance platform.
7. How long does it take to receive my Binance Gift Card after purchase? After purchasing a Binance Gift Card from Baxity Store, you will receive the card details via email within minutes. If you have any issues with receiving the card, contact Baxity Store’s customer support for assistance.
8. Is it safe to buy Binance Gift Cards from Baxity Store? Yes, Baxity Store is a trusted platform that ensures the security of all transactions. The Binance Gift Cards sold on Baxity are genuine and can be redeemed securely on the Binance platform. Baxity also employs SSL encryption to protect your personal and payment information.
9. Can I use a Binance Gift Card as a gift? Absolutely! Binance Gift Cards are a perfect gift for someone interested in cryptocurrency. Whether you’re gifting crypto funds to a friend or family member or introducing someone to Binance, a Binance Gift Card is a great way to get them started.
10. Can I buy Binance Gift Cards in bulk from Baxity Store? Yes! If you’re interested in purchasing Binance Gift Cards in bulk, Baxity Store offers bulk buying options. This is especially helpful for businesses, educational institutions, or anyone looking to distribute multiple cards. Reach out to Baxity’s customer support for more information on bulk purchases.