Since 2017 we have seen a mammoth amount of growth in the crypto space and Binance has been front and center during this period of time, becoming one of the largest, if not the largest crypto currency exchange, based on trading volume.

Binance exchange, up until more recently, had only only offered Crypto pairings such as BTC (Bitcoin), ETH (Ethereum) and BNB (Binance Coin), however more recently they also announced 4 Stable coin pairings, (USDT, PAX, TUSD and USDC), and some XRP (Ripple) Pairings. This was great news or people already within the crypto space, but didn’t really help new people with the on-boarding process.

Then the was the announcement of Binance Jersey. A Brand new Exchange launched by Binance, to help provide even more people with the ability to easily get in to the crypto currency space, by enabling anyone to buy and sell Bitcoin and Ethereum, in both Euros and Pounds.

 

The ability to buy and sell your crypto currencies ‘easily’ with fiat currency is something that is definitely needed and it’s good to see a reputable name like Binance offering this service as it paves the way for more to follow.

Lets take a look at the behind the scenes on the new Binance Fiat to Crypto Exchange, and see what exactly they have to offer!

The layout is the same as the original Binance Exchange,  if you have used that before then his will be very familiar to you.

You have your basic account page, where you can change of your settings like, email, white-list addresses, and also complete your account verification. Once you’re verified,  you can head over to the bank account management page, where you’re able to add your bank account (for sending and receiving payments).

Then you can access you balances, where you can see how much BTC, ETH, EUR or GBP you have in your account!

If you want to trade you have 2 exchange Views to choose from., both are actually very similar when using them.

Basic:

Advance:

View Live – Click Here

If your new to this and this looks confusing then don’t worry, once your using it, you will find it’s actually very simple to understand.

As you can see Binance really has made this very simple to use and will enable a lot more people to enter the crypto space. Not only that, but their incentives to help encourage more user growth are extremely generous.

Firstly they are giving the first 5,000 users that complete Account Verification on Binance Jersey (from 01/16/2019 – 01/31/2019 at 0:00 UTC) 20 EUR each, deposited in to their account.

Then there the fee sharing structure, or referral rewards, where they will pay you a whopping 80% of the commissions they receive from anyone you refer to the Binance Jersey Platform.

These two offers alone i’m sure will encourage more people to join and use Binance’s new fiat gateway over alternatives, like Coinbase (Who offer $10 worth of BTC free for new users who buy over $100 worth of crypto, and then $10 worth of BTC for anyone who refers people to complete this same offer)

Personally I prefer the incentive from Binance Jersey as you can not only get free euros without having to spend first, but the are basically sharing one of their revenue streams with their users forever, it’s not quite the same as the dividend model, but it’s a step in the right direction. You can potentially continue to earn from your previous efforts long in to the future.

If it’s still early enough, then make sure you sign up before 31st January to get your Free 20 Euros

Sign up to Binance Jersey Here

Thanks for reading, if you enjoyed this article or found it helpful then your review is greatly appreciated. Also make sure to follow me here on Trybe for more content like this, and maybe check out some of my other articles. Alternatively you can follow me on Twitter – Click Here

If you have any Questions or want to let me know your opinion on Binance’s New Fiat to Crypto Exchange, then drop a comment below and i’ll get back to you.


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Responses

  1. Infosion

    Nice article! I have used Binance besides lots of others since the beginning of my crypto trades. From all exchanges which are aout there I like their fast trading and the nice interface very much. Very nice additional informations on the graphs. I also liked heir idea with the BNB coin and the token burning over time. Also Binance is an exchange which I think you can rather expect to give you value for your airdrops. They for example paid out the genesis EOS airdrops and are paying some GAS for every NEO you hold in the Binance wallet (don’t know if it’s all …).

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  2. Zeus69

    Thanks for the share Jake, yeah I use binance myself, only problem I have are the fees they charge for trading or withdrawing. But otherwise they are pretty proactive in their approach to marketing to the public.
    Regards,
    Mark (Zeus69)

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