Binance Helpline Support 1[838] 201-4474 Number

Last week, “Globes” reported that the Commissioner of Capital Markets, Insurance and Savings, Moshe Bareket, had written to the Israeli representative office of the world’s largest crypto exchange, Binance, requiring the exchange to regularize its activity in Israel in order to continue operating here. As far as is known, Binance has not applied to for a license to operate in Israel, unlike other entities operating here in this field, among them local exchanges Bit2C and Bits of Gold. Nor does it hold a provisional permit. The Capital Markets, Insurance and Savings Authority said that until Binance obtained an operating license, it would have to halt its marketing to Israelis and all activity focused on Israel.

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Experienced cryptocurrency traders can get the most out of Binance’s advanced features, low fees, and wide range of coins. However, Binance is not licensed to operate in the U.S. and that drags on our rating. Read our full Binance review to find out if you should open an account.

Binance’s trading fees are among the lowest on the market. You don’t pay any monthly account fees, and the withdrawal fees are in line with other exchanges. It is free to deposit crypto, but you will pay to deposit fiat (traditional) money like U.S. dollars. The fee depends on how you transfer cash and what third party app you use.

Binance clSBCGLOBALs 1 in 4 crypto holders worldwide use its service. The big advantage to such a strong customer base is that it adds liquidity to the market — you’re more likely to be able to make the trades you want because there are more people trading. It also means you can likely join an active community of traders who speak your language.

Binance has a much broader selection of cryptocurrencies than you’ll get at many exchanges or brokerages. If you want to branch out into less popular coins, Binance is worth a look. It also has a Spotlight section that promotes new currencies so people can get in early. Just be aware that new or lesser-known coins carry more risk than mainstream ones.

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Israel is not the only country in which the authorities have intervened in Binance’s activity. It was preceded by many other countries, among them the US, the UK, Canada, Germany and several countries in the Far East. Why is this happening, and what are the implications for Israelis who have invested via this exchange?

Binance was founded in 2017 by Changpeng Zhao, who serves as its CEO, and who is one of the wealthiest people i