Binance is a global cryptocurrency exchange that supports the trading of more than 100 cryptocurrencies. The exchange has risen to become the world’s largest crypto exchange by trading volume. Binance Coin is an Ethereum token used to pay fees on the exchange. By using the exchange’s Coin users are granted a discount in trading fees. if users do not use Binance Coin, each trade carries a standard fee of 0.1%. There are no deposit fees but withdrawal fees are constantly being adjusted based on the status of the market. The exchange currently has apps on both Google Play and the iOS Store.
The exchange is regarded as one of the most secure cryptocurrency exchanges available. As such, Trust Wallet, Binance’s official mobile wallet, is a popular choice among Binance users. The company is currently in the process of rebranding the wallet, rolling out extensive updates as a result. It's a relatively simple task to transfer from Coinbase to Binance. After creating an account with both exchanges, add funds to Coinbase and purchase your desired tokens. Once the funds have shown up in your wallet it’s just a matter of transferring it from one wallet to another.