Ethereum Proof of Work is now live with Binance Pool. Users can participate in the mining process during the promotional period and claim zero pool fees. The official announcement was published by Binance on its website, informing that users were eligible to withdraw ETHW.
Deposit ETHW is currency unavailable on the platform; however, users can trade ETHW for USDT and BUSD.
ETHW will go through the same listing review process other tokens go through. This implies that there is no guarantee that the token will be listed on the platform. This is imperative to protect the users.
A verified account is mandatory to claim the promotional offer of zero pool fees. Participants are advised not to indulge in fraudulent activities on Binance, as Binance can disqualify them at any time.
Binance is a global crypto trading platform whose economy is backed by the native token – BNB. The platform was founded in 2017. Users can expand their digital investment portfolio with the option of over 100 cryptocurrencies and more than 10 trading pairs.
The platform has been crowned as the best crypto exchange globally by most of the Binance reviews. Despite entering the industry only a few years back, Binance has made a name for itself by offering advanced trading tools and effective services. It is only because of its strong offerings that Binance registered $4 billion worth of 24-hour trading volume in 2020 during the Covid-19 pandemic.
The mobile trading service is a perfect offering by Binance, allowing traders to access their accounts from any part of the world. Binance has, with the mobile application, making it convenient for traders to review their past trades, analyze current market trends, and execute trades on the go. Plus, an option to choose Advances or Basic Trading Account when registering on Binance has made it easier for traders, especially newcomers, to understand the platform.
Basic Trading Account helps newcomers to get familiar with the trading tools of Binance and experience how crypto trading works. Almost all the features function in Basic Trading Account. Advanced Trading Account is when one wants to level up their game.
A service of Binance that stands out in the industry is its Credit Card. Registered users can link their Credit Cards with the Binance account. This helps them to convert crypto earnings into fiat currencies and pay for cryptocurrency on the platform.
Binance recently came up with a mini-program called Binance Live, a streaming tool that users can access at no cost. It is available on the Binance Application with invite-only participation. Users can earn through Binance by registering themselves as affiliates. A commission of up to 50% is rewarded after someone joins the platform through the unique referral link. The final commission depends on the number of trades executed by the referral.
Users can withdraw and trade ETHW on Binance at the moment. Details regarding its deposit will be shared by the platform soon.