Binance is one of the world’s leading cryptocurrency exchanges. The exchange makes 1.4 million transactions per second. In addition, by volume, Binance offers many features that crypto users in Saudi Arabia can take advantage of.
Best Binance Features
Spot Trading
Binance’s primary feature, spot trading, lets users trade hundreds of crypto assets across thousands of trading pairs. The platform comes in two distinct versions: simple and advanced. Users can easily buy or sell cryptocurrencies instantly. It supports recurring buys for those looking to a dollar-cost average (DCA).
Advanced Trading Tools
Binance offers advanced trading tools. These trading tools include advanced charting features with various indicators and drawing tools with multiple order types. Additionally, crypto users can access trading bots that let them automate their trading strategies.
Competitive Fees
This crypto exchange has some of the most competitive trading fees in the industry. It starts as low as 0.1% for spot trades. Users can further decrease their fees by holding Binance Coin (BNB) or increasing their trading volume.
NFT Marketplace
Binance has its own NFT marketplace where users can buy, sell, and create non-fungible tokens. The platform supports various categories of NFT. These NFTs categories include art, collectibles, gaming items, and more.
This allows users to mint, sell, purchase, bid on, and purchase NFTs from various creators and collections. Additionally, it hosts regular initial game offerings (IGOs). Moreover, the marketplace offers mystery boxes for several collections.
Simple Earn
Binance’s Simple Earn is an easy-to-use investment feature allowing users to deposit assets for a yield. Users can currently earn/receive about 52.9% APR on their deposits. They have the option to either commit their deposit for a fixed period or recover their funds at any time by opting for flexible staking.
Binance Card
This card is a cryptocurrency debit card that enables users to spend their cryptocurrencies both in-store and online anywhere that accepts VISA. Holders of this card can use it at over 60 million merchants worldwide. Users can earn up to 8% cashback on eligible purchases, and the card also provides access to free ATM withdrawals and zero foreign exchange fees.
Final Words
Saudi Arabian residents using crypto enjoy different features Binance gives its users. Some of these features include Simple Earn, NFT Marketplace, Advanced Trading Tools, etc.
Frequently Asked Questions
Is Binance 100% safe?
No cryptocurrency exchange can guarantee complete safety, but Binance has implemented several measures to protect users’ assets.
Is Binance okay to use?
Binance is widely regarded as a reputable and reliable cryptocurrency exchange.
Can Saudi Arabia use Binance?
Yes, Saudi Arabian residents can use Binance.
Which countries Do Binance?
Binance works in Saudi Arabia, Brazil, Egypt, etc.
Which Crypto Exchange Works in Saudi Arabia?
The crypto exchanges in Saudi Arabia include Binance, Rain, Kraken, BitOasis, etc.
Does Binance block VPN?
Yes, Binance works on detecting VPNs
Will Binance block me if I use a VPN?
Yes, Binance can block your account if it detects you used a VPN.
