Review on Binance DEX by Francisco Varela
Binance DEX Exchange
One year in the market, it is a decentralized exchange that provides services with great security, at very low commercial rates and with ease of use that can be accessed by less experienced investors and with little trading volume.
This allows users to have full control of their funds since they are responsible for their access codes, within the exchange they have more than 138 commercial pairs and can carry out P2P operations without the intervention of third parties.
Pros
- Without the intervention of third parties that allows peer-to-peer exchange, de-centralized where only the user has control of the assets and full storage of the access codes.
- Servers in various parts of the world which provide greater security and reduce the possibility of a pirate attack.
Cons
- Binance DEX does not accept US investors on its platform, which means that US users must turn to another platform.
- Due to the crisis caused by COVID-19, the 24-hour trading volume fell substantially from $ 2.1 million, which was the volume handled in September months before the pandemic started at just $ 369,944 for March amid the crisis.
- It does not allow the purchase of cryptocurrencies, to use the exchange you must have crypto previously.
New products
Comments (1)
June 28, 2020
Being a decentralized Exchange makes it interesting, there will be no third party and no need to store coin in any centralized system which gives user the opportunity to have full control of their account.
