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Best Coins to Trade on Binance
Since Bitcoin is the first and most well-known cryptocurrency, it’s common for a list of the best coins on Binance to start with this digital gold. Binance offers its highest leverage (125×) on Bitcoin, and there is no commission fee for trading Bitcoin and Ethereum in spot trading. Bitcoin is the rank one traded coin on the exchange.
The continued Ethereum 2.0 updates and Ethereum’s function in decentralized finance (DeFi) and non-fungible tokens (NFTs) may help maintain Ethereum’s popularity. On the Binance Futures trading platform, you may trade Ethereum futures contracts with up to 100x leverage. Cryptocurrency traders may hold a massive ETH position with very little money down by using Ethereum (ETH) futures trading. Furthermore, traders may short ETH using ETH futures contracts, which allows them to benefit even if the price of ETH declines. Ethereum is the second coin on the exchange regarding volume and leverage.
The third name among the best coins on Binance is Binance’s native coin. BNB may remain a desirable option because of its adaptability inside the Binance ecosystem and involvement in token sales. On the Binance Futures trading platform, you may trade Binance Coin futures contracts with up to 50x leverage.
Cryptocurrency traders may control a tremendous BNB position with very little money down by using Binance Coin (BNB) futures trading. Not every cryptocurrency exchange offers BNB margin trading. The ones that do frequently only provide 2X margin trading, which lets you buy just one extra BNB with each BNB provided as security.
However, Binance allows BNB margin trading and provides cryptocurrency traders 3X and 5X margin options. When you pledge 1 BNB in the 3X margin option, you can borrow enough USDT to buy two additional BNB. If you sell 1 BNB in the 5X margin option, you may borrow enough USDT to purchase four additional BNB. BNB is Binance’s native coin and is supported by the massive liquidity of the exchange. It will be a superb choice to trade on Binance.
Among numerous options of best coins on Binance, Dogecoin stands out with its notable feature called multi-asset mode. It will enable users to trade the DOGEUSDC perpetual contract across multiple margin assets. This feature allows traders to use different assets, such as Bitcoin (BTC), as a margin when participating in transactions, subject to applicable fees. Binance allows users to execute Dogecoin (DOGE) trades with leverage of up to 75×.
Solana’s usage in decentralized apps (dApps) and its fast and inexpensive transactions might help sustain its growth. Only a few cryptocurrency exchanges worldwide allow you to trade Solana futures, and Binance is the top option for Solana futures trading. You may trade Solana Futures contracts with up to 50x leverage on the Binance Futures platform. As a general rule, the risk of liquidation increases with leverage, so be careful to select a leverage amount you are comfortable with.
With its XTZ/USDT perpetual contracts offering up to 75x leverage, Binance is a very appealing option for anyone searching for a Tezos leverage exchange. Since Binance is one of the most well-known cryptocurrency exchanges available, trading liquidity should not be a problem for you. Remarkably, there is a lot of trading activity in the XTZ/USDT contract, which makes the Tezos one of the best coins on Binance. Trading Tezos with leverage on the Binance digital asset market is comparatively easy because of the user-friendly interface.
The Solana blockchain is the foundation for the cryptocurrency token Bonk. Like other cryptocurrencies like Cardano or Solana, Bonk is a digital asset that can be exchanged, purchased, and sold on many websites. On the other hand, Bonk distinguishes itself with its tokenomics, which are intrinsically linked to its burning mechanism.
Floki is a digital currency built on the ERC-20 standard of Ethereum. It is also offered as a BEP-20 token on the Binance Smart Chain (BSC) to reduce transaction costs. Its salient qualities are Floki Coin’s decentralization, anonymity, and speedy transaction processing. Numerous current and future goods in the Floki ecosystem have the potential to raise the token’s value. The project has collaborated with other respectable initiatives in the sector.
PEPE transactions on Binance totalled almost $160 million in a single day, whereas trading on Uniswap was only $55 million. The user-friendly interface and significantly reduced fixed commissions contributed to this. In 2024, there will be more than 100,000 distinct PEPE token holders, according to the DEXTools analytics tool. One of the most traded cryptocurrencies is Pepe Coin, and Binance Futures offers up to 20x leverage for Pepe futures. Pepe is among the top 10 coins on Binance regarding trading volume.
A layer 2 solution called Arbitrum was created to enhance Ethereum smart contracts’ functionality by increasing its speed and scalability and including more privacy protections. The platform is intended to make it simple for developers to use Ethereum’s strong layer 1 security and execute Ethereum transactions and unmodified Ethereum Virtual Machine (EVM) contracts on a second layer.
Optimistic rollups are a strategy used by Arbitrum. Before being combined into sizable batches and transmitted as call data on the Ethereum mainnet, transactions are carried out off-chain. Through this mechanism, the majority of the computational and storage strain that Ethereum now bears is transferred off-chain.
