1 Level
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4 Karma
Review on Binance by Andrew Mac
This is my first preference in platform to choose when doing my tradingโฆ
This is my first preference in platform to choose when doing my trading besides Coinbase. I can usually find the coins or tokens I want here!
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Pros
- Has many coins and token listed on its platform amwith a very user friendly platform to navigate. Is the #1 most used crypto trading platform with dozens of the top cryptocurrencies listed in the world. Currently binance offers cheap trading fees with option to burn its BNB token for each individual trade you make. One BNN will last a long hundreds if not thousands of trades so make sure you own BNB and activate burn BNB option on your account settings! in the world
Cons
- Trading fees per individual trade can be expensive if you donโt own and activate the burn BNB coins option. Burning BNB just finished 1 year and it will increase each year in percentage value which means this is a temporary program and not intended to be a permanent option. unfortunately this means high trading costs are in the near future unless they change the policy. The fees for withdrawal coins and tokens fluctuate and depending what itโs current market vale is this means some coins can get expensive to withdraw.
