Review on Binance by ismail karasahin
Binance Exchange Review
It is really one of the best exchanges to use, whether trading volume or token diversity.
The selection of new tokens that will enter the market through voting, allows for advance investment. Also, the tokens, which started to be traded in binance, are not dumped unlike other exchanges.
Thanks to the high transaction volume, the loss is experienced at minimum level in the buy-sell event.
Also, thanks to its own token, BNB token, it offers low transaction fees for traders who make short-term trades.
Updated 4 years ago
Rating changed from 5 to 4
It is currently one of the most active and largest exchanges in the crypto world. There are so many altcoin pairs, which provides diversity. The stock exchange interface is very useful and since there is no requirement like KYC, it has a lot of users and a high transaction volume.
On the downside, the withdrawal fee for all altcoins is slightly higher than for other exchanges. Also, binance has been accused several times of major hacking reports. Many users did not lose due to the fact that there was not a large amount of grievances.
Although I don't recommend it for hiding money, it is a really useful and nice exchange for trading.
Pros
- High throughput
- a huge variety of tokens
- Low transaction fee with BNB token
Cons
- Low daily limit for beginners
