Review on Binance DEX by Wisdom BOATENG
The future of exchange platforms inevitably points to decentralized versions.
Binance DEX is the decentralized version of the world's first volume trading platform. This well-known tool allows us to buy or sell cryptocurrencies without third parties. At no time does Binance DEX manage user cryptocurrencies. Users keep their private keys and don't expose themselves to scary hacks. It is therefore a simple interface that allows communication between a buyer and a seller who does not know each other. What is interesting and exceptional is the central role of the BNB. It is the universal currency of Binance DEX, you can not send anything other than BNB when you want to communicate with the outside world.
The predominance of BNB is a smart choice on the part of Binance, which gives the token a real use.
Pros
- The user experience is pleasant, Binance DEX is no more difficult to handle than traditional Binance.
- Commissions are very low
- Speed
Cons
- Binance DEX does not allow the exchange of cryptocurrencies for fiat currencies.
- Limited number of trading pairs
