Review on Binance by Ayu Anggraini
Binance the popular cryptocurrency exchange
Binance is one of the largest exchange platforms in crypto. This can be seen from the time this review was written, only today, there were 4,476,788,163 USD or 471,148 BTC traded there. Binance exchange was discovered and founded in China by Changpeng Zhao and Yi He. It was founded and created in 2017. Binance has a very high volume from a real trader and has become one of the most secure exchange in the marketplace by its reputation. Binance also allows API trading so i don't need to log-in into my account to do trade. It is very helpful! Binance exchange has a great infrastructure to handle the transactions. The registration process is very fast, security is good, but some users have problems with frozen accounts and slow responds from customer support. In my opinion, trading in binance is easy to make profits due to several factors such as high volume, rapid market movements of real traders who come from various parts of the world, and binance also has quite good volatility. Binance can also provide up to 1.3 million transactions per second and make it the most famous exchange platform for crypto users in buying and selling crypto. In addition, binance also provides a promotion for binance coins owner that can serve as a discount for transaction fees. Binance offer 50% discount from market maker fees, market takers fees and so on.
Pros
- Binance support all major crypto currencies, also has two mode interface, for pro trader and a newbie.
- Support margin trading
- Continuous development such as binance launchpad,launch platform 2.0 version for margin trading
Cons
- Slow response for customers service
