Review on Binance by Ethan Thompson

Name: Binance
Item: Binance
Rating: 5

August 25, 2020

Binance-Cryptocurrency Exchange - Convenient and progressive cryptocurrency exchange

A young cryptocurrency exchange that has built a reputation as one of the most reliable in its sector. The exchange is not licensed, so use at your own risk. Personally, I have never had any problems with the withdrawal, in particular, delays. You can check the availability of a license for cryptocurrency exchanges on the official bitcoin website in the .org domain zone. Binance has its own token that provides a 25% discount on trading fees and allows you to participate in token sales.
The exchange contains all the necessary tools for traders: advanced charts and TA indicators. The rest of the exchange does not differ much in functionality compared to competitors. There is no portfolio statistics, an order control panel that would allow setting trailing or canceling all orders at once (in case of a sudden correction of crypto assets)
There is margin trading (became available in 2019). But leverage is still limited to X5 and is available only to verified users. Binance allows you to make money not only on trading and the referral program. Users have access to landing (transferring funds to other traders by analogy with a loan), staking (holding coins to generate passive income) and participation in IEO (analogous to ICO - forms of crowdfunding for tokens and cryptocurrencies but with a guarantee of listing on the exchange).
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Pros

Convenience, speed of work

Cons

There are failures

New products

Comments (2)

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JB CRYPTO

September 20, 2020

Very good review friend, binance right now is one of the platforms that users resort the most to, and with the highest interaction rate due to its great variety in cryptocurrencies to make exchanges

Tosin Temitope

August 31, 2020

Binance exchange is very easy to use, with a very low trading fee if you are not using there native coin. I also love how the exchange educate the users through there latest news, and occasionally distribute airdrop for the holder of the native exchange.