Fair Evaluation of Binance Greece

Binance only provides services online. The platform focuses on the trading, buying and selling of cryptocurrencies, including, for example, the Bitcoin and its Ethereum.

Binance is not limited to a specific country, but focuses on cryptocurrency trading globally. Once adult individual users are verified, they receive a digital wallet to support their cryptocurrency transactions. Learn more about Binance.

Binance is a popular cryptocurrency exchange designed for experienced cryptocurrency investors. Offers relatively low transaction fees and a wide range of cryptocurrencies to trade globally, although its trading options are more limited in the US.

While its low fees can be attractive, the platform has faced regulatory issues and is currently under investigation in the US. Through its dashboards for desktops or mobiles, Binance offers a wide range of trading functions, including an impressive array of market charts and hundreds of cryptocurrencies.

Users can also access a variety of trading opportunities, including futures and options, as well as various types of commands. However, many options and features are not available in the United States and only 150 of the cryptocurrencies are accessible to US customers.

⚡ What makes Binance Greece a good choice

Η Binance Greece offers more than 130 cryptocurrencies. While this is not as much as Binance's parent company offers to international users, it covers most of the cryptocurrencies one might want to trade.

Η Binance Greece also allows the trading of 19 different cryptocurrencies, including Ethereum, Cardano (ADA), Polkadot (DOT), Polygon (MATIC), Solana (SOL) and The Graph (GRT), touting returns as high as 12.5% of annual percentage yield (APY).

Cryptocurrency disassembly(staking) is the ability to earn passive income from cryptocurrencies by using them as collateral to facilitate the building of the currency's blockchain.

Η Binance Greece is ranked among the top exchanges for cryptocurrency dismantling(staking) in Forbes Advisor's list of the best cryptocurrency staking platforms.

In addition, the Binance Greece is highly ranked in the security ranking as well as extremely low fees. In fact, some pairs of Bitcoin (BTC) can be traded without any fee.

For users based within the company's jurisdictions, this easy-to-use platform offers an excellent choice among the many cryptocurrency exchanges in the world.

💲 Cryptocurrencies available on Binance

Η Binance has more than 350 cryptocurrencies available for trading on its exchange, but only about 150 are available in the US.

For international users, it also supports a variety of quote currenciesincluding US Dollars, Euros, Australian Dollars, Australian Dollars, British Pounds, Hong Kong Dollars and Indian Rupees. Binance has a wide variety of cryptocurrency pairs depending on your location.

Some of the cryptocurrencies available on the Binance Greece are VeChain (VET), Harmony (ONE), VeThor Token (VTHO), Dogecoin (DOGE) and Matic Network (MATIC).

❌ Disadvantages of Binance Greece

The American version of the Binance offers fewer cryptocurrencies than its parent company claims in other geographical areas and its educational resources are not as impressive.

Regardless of the platform you use, remember that buying cryptocurrency generally comes with a lot of buyer beware. Cryptocurrencies are highly speculative and subject to volatility at the slightest news.

If you are interested in investing in cryptocurrencies, the platform of Binance Greece should offer most, if not all, of what you are looking for.

📌 Features of Binance Greece

Binance Greece was spun off from its parent company Binance in 2019. One of the reasons for the split had to do with the fact that that the parent company was under investigation by the US Commodity Futures Trading Commission (CFTC) for a number of possible violations.

💵 Fees

The end of the Binance is among the lowest in the industry. Although US-based users will pay slightly more on Binance Greece, its fees are still lower than what you will see on other leading platforms.

Binance uses a maker/taker fee structure and the fees vary depending on the transaction volume and the balance of the Binance Coin (BNB), such as the Ethereum. In general, higher volume transactions are subject to lower fees.

Users can also receive fee discounts for the following:

• Use of Binance (BNB) currencies in trading
• Establishment bonus
• Achieving VIP status by trading a certain amount of assets
• Binance users may be subject to other charges.
• Please note that those who use Binance Coin (BNB) receive a 25% reduction in transaction fees. VIP members receive discounts on maker/taker fees.

🛡️ Security

While the Binance Greece has not caused much of a stir, the same cannot be said for its parent company Binance Holdings, the largest cryptocurrency exchange in the world.

Η Binance has been targeted by several US regulatory committees, including the Commodity Futures Trading Commission (CFTC).

The most worrying, however, for cryptocurrency traders is perhaps a hack of 2019, in which criminals stole more than 37 million euros in BTC from the Binance.

Binance Greece didn't even exist at that time. It should also be stressed that the hack happened to the parent company and not to the Binance Greece.

Also, in October 2022, the parent company Binance suffered another big hack which cost the platform more than 520 million Euros in BNB.

Η Binance and the Binance Greece were separate entities at this point and the Binance Greece website was not affected.

Η Binance Greece places great emphasis on the security of its exchange. For example, the cryptocurrency exchange security rating site CER ranked Binance Greece as one of the most secure exchanges as of October 2022, ahead of big names like Coinbase and Gemini.

While these features can help maintain the security of users' accounts, Binance's reputation remains a cause for concern. Overall, their safety benefits are relatively equal to the industry average.

🤖 Binance scam: what to watch out for in Binance!

There is an increase in the number of cryptocurrency scams that claim to offer a high return on investment.

Before you make any deposit or transfer, you should remain cautious and do your own research to check that the project or website is legitimate.

As blockchain transactions are anonymous and irreversible, you may not be able to get your money back if you have been a victim of fraud.

Here are some tips to help you identify cryptocurrency scams:

The projects they claim to offer unrealistically high returns are most likely scams, Projects with a large number of participants does not necessarily mean that they are legal. They may use fake accounts to inflate the numbers,

Even if the project was recommended by your friends, you should do your own research before investing,

Projects may claim to work with well-known companies such as Google and Amazon. Always check the websites of partner companies to verify.

Let's see how fraudsters deceived victims in a recent scam:

1. The perpetrators often post ads via social media, such as Facebook and Instagram, to promote their projects. They will ask you to join their WhatsApp and Telegram communities, which are mainly made up of fake accounts asking you to buy certain cryptocurrencies based on a "popular" post.
2. To make the project look legitimate, create an app or website and redirect you to sign up for an account. For example, the following screenshot shows a pyramid scheme scam which claims to work with famous companies such as Amazon, Columbia, Falabella and Exito.
3. Then, scammers will ask you to complete simple tasks to earn cryptocurrency rewards, such as clicking on ads on websites to earn USDT or other cryptocurrencies.
4. However, you will not be able to withdraw the rewards in cryptocurrencies after completing the tasks. To claim your rewards, you will be asked to complete more tasks, such as becoming a member, inviting your friends to join, upgrading to VIP membership, etc.
5. Stay vigilant when you receive invitations to sign up to these sites with cryptocurrency rewards, even if your friends recommended them to you. It may be a pyramid scheme and they may not know they have been victimized.
6. Take the example of becoming a member. You may be asked to deposit cryptocurrencies into your account. The more you deposit, the higher your VIP tier and the more rewards they claim you can earn. In reality, however, you will never be able to withdraw the money you deposited.
7. As fiat currency deposits could be identified, fraudsters will offer you "discounts" on membership fees for cryptocurrency deposits and they would ask you to transfer cryptocurrency into their accounts.

📲 binance login Login to Binance

To open a Binance account, follow the steps below:

Step 1: Visit the Binance website

Step 2: Click on the "Start" button in the top right corner and enter the required information. The registration process may take a few minutes as Binance will verify your account information.

Step 3: Activate Two Factor Identity Check (2FA)

Step 4: Choose your payment method

Step 5: Deposit funds and start trading

👉 How Binance Compares to Other Cryptocurrency Companies

In general, the Binance provides a wide range of supported assets and trading options for global traders, while its rates are also some of the lowest in the industry.

Although there are some positive elements about the platform, the compliance issues it faces are of concern. If Binance doesn't seem like the right choice for you, you may want to consider Coinbase Pro, which is one of its main competitors.

🔎 Binance vs Coinbase Pro

Binance and Coinbase Pro are the two largest exchanges in the world. They also offer active traders flexibility in trading options and assets. Here's how the two platforms compare.

Binance international supports more cryptocurrencies than Coinbase Pro; however, Binance Greece supports fewer cryptocurrencies than Coinbase Pro. Binance's spot transaction fees are lower than Coinbase Pro's maker-taker fees

Binance offers a rewards program for maintaining BUSD on its platform, while Coinbase Pro offers rewards for staking your digital assets on its platform. Coinbase Pro users have access to a built-in digital wallet, while Binance users do not.

Coinbase is generally regarded as one of the most stable, secure cryptocurrency exchanges, while the Binance has faced several security and compliance issues

Both the Binance as well as the Coinbase Pro offer a sophisticated trading experience. While Binance generally has lower fees and more global trading options, the Binance Greece platform is more limited with fewer options than Coinbase Pro, which could make Coinbase Pro a better choice for US investors. Meanwhile, citizens of other countries may feel that the opposite is true.

In addition, while the charges of Binance is lower, itself facing compliance issues in other countries and is being investigated in the US.

Coinbase has also recently faced issues with US regulators, although the issues relate less to the overall platform and more to the Lend programme. Overall, Coinbase is considered a more stable and secure platform than Binance.

💳 Binance Card Overview

One of the growing segments of the blockchain world is the cryptocurrency cards. We're seeing more and more exchanges launching their own cryptocurrency cards, so it's no wonder that one of the largest (if not the largest) cryptocurrency platforms in the world, Binance, has its own card.

Every time we talk about Binance, we expect high quality, popular and, most importantly, useful features, as it is one of the largest cryptocurrency exchanges.

But is the Binance Visa card worth it? Is it proven to be one of the best cryptocurrency cards? Let's find out! Binance launched the card in late 2020, so it has already established its position in the cryptocurrency market.

Since it is a Visa credit card, can be used by about 60 suppliers in more than 200 countries around the world.

In this article we will explain all the details about the card's fees, limits, cashback, supported fiat currencies, supported countries, deposits, withdrawals and many other features that we felt were worth mentioning. So, without further ado, let's get to the point.

Notes: Please note that these are only our opinions based on our thorough investigation of the Binance card. In any case, please do your own research before deciding whether you want to order it or not.At this point, it is good to note that all opinions and suggestions expressed in this article are not to be considered as financial advice.

➡️ Binance Card for Greeks

European Economic Area (EEA) residents can use the Binance Card and have a spending limit of €8,700 for physical cards and €870 for virtual cards. The physical card has a daily limit of withdrawal limit 290€.

No issuance fees or monthly fees are required to use the card Binance, but there may be a cryptocurrency conversion fee of up to 0.9% for cash withdrawals or purchases.

To make purchases, the card Binance uses the combined value of your cryptocurrencies and scriptural currencies(fiat) in your Funding Wallet based on the order of cryptocurrencies you have set in the Card Dashboard.

For cash withdrawals or purchases, the following may apply cryptocurrency conversion fee up to 0,9%. In case of loss of the physical card and the need to reissue it from Binance, a fee of 25€ is charged.

➡️ Benefits & Cashback Rewards

Remember that η Binance offers cash back on literally every purchase you make using the card.

The amount of the refund depends on your card level and the amount of BNB coins you have placed in your Binance wallet.

The maximum cashback is 8% for coins NBB and you can receive it for all qualifying purchases made with your Binance card.

As already mentioned, the cash refund depends on the amount of coins BNB that you own and this is calculated on a daily basis.

➡️ Card Activation

Once your card arrives at your shipping address, you must activate it. You can activate your card from the card dashboard. Then click on the "activate" button to start the activation process.

First of all, enter the last four digits of the card Binance Visa and the CVV (located on the back of the card). Once the information you entered here has been verified, your card will be officially activated.

Once your card is activated, you will be asked to enter your PIN (4 digits), which you will use to deposit and withdraw money from the ATM machine. Of course, this goes without saying, but please do not share your PIN with anyone.

Please note that you will need to transfer money from your cryptocurrency wallet to the Binance on your card to use it.

➡️ Deposits & Withdrawals: Partials (fiat), Cryptocurrencies

Something else to note about with the card Binance is the fact that you can deposit and withdraw both in scriptural currencies(fiat) (Euro and GBP) and cryptocurrencies (Binance Coin (BNB), BUSD, Bitcoin (BTC), Tether (USDT), SXP (SXP), Ethereum (ETH), EUR, Cardano (ADA), Polkadot (DOT), S. S. Lazio Fan Token (LAZIO), FC Porto Fan Token (PORTO), Santos FC Fan Token (SANTOS) and Tether (USDT)).

You will be able to use your money from the funding wallet of the Binance with your card.

To transfer money from the funding wallet, go to the card's dashboard and click on the "transfer" button and you will be able to transfer money from the funding wallet based on transfer limits. The transfer should be instant and the funds can be used immediately. If you want to withdraw funds from your card to the Binance wallet, go to the card dashboard and click on the "withdraw" button - is very simple.

➡️ Is the Binance card legal?

To be perfectly honest, if the Binance card isn't legitimate, I don't know what is.. However, more about the card's competitors can be found a little further down in the article. As mentioned many times in our article, Binance is one of the most (if not the most) popular cryptocurrency platforms in the world.

That's why everything Binance does must be successful, useful and legal. The Binance card is no exception. When I researched the Binance card, found no negative user experiencewhich is always a good sign.

Η Binance places great emphasis on the security and protection of its users, so the chances of having a bad experience with the Binance card in this respect are extremely low.

❓ Frequently Asked Questions

Η Coinbase is also largely free of compliance and regulatory problems that follow Binance.

And while Coinbase offers more tradable coins than Binance Greece, the global version of the Binance offers most of the three.

⭐ Final Conclusion

Although Binance is the largest cryptocurrency exchange in the world, the ongoing investigations and the long list of countries that ban or restrict its services are a cause for concern.

Its platform can also be very complicated for new cryptocurrency investors. However, if you are an experienced global trader who is eager to explore different tokens and trading options, Binance may have the features you are looking for.