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Binance is a great way to buy, sell, and store cryptocurrency. That being said, there are some important things to know before using Binance. For example, Binance only supports four cryptocurrencies: Bitcoin, Ethereum, Litecoin and Bitcoin Cash. To avoid getting caught off guard by those limits—or any others—check out our guide to avoiding common Binance problems. Finally, it’s important to understand that while you can use Binance in almost every country in the world (195 countries at last count), your ability to buy or sell different currencies may be limited based on where you live.
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With Binance, it’s possible to purchase many cryptos with fiat currencies. However, you need to have a certain amount of money available in your account or you will be unable to place an order. Binance also charges some fees when trading. To avoid being charged additional fees or having your orders executed slowly, make sure that your crypto accounts are properly linked to your bank account and credit card information. You can call Binance at their support hotline if there is a problem with linking accounts and they will try their best to help you out! Do note that while most transactions are instant on Binance, there are times when delayed transactions can occur due to network congestion on blockchain networks.
Binance Pro is a Binance product designed specifically for trading digital currencies other than Bitcoin, Ethereum, and Litecoin. Known as altcoins or alternative coins, these cryptocurrencies are frequently used to diversify portfolios and even out gains/losses in Bitcoin and Ethereum. But purchasing altcoins can be difficult if you don’t know where to start. One of your best bets for buying altcoins is Binance Pro. But first you have to figure out how to get a hold of Binance Pro? It’s an odd question but one that more than a few people have asked us lately.