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Review on Binance by Thomas Clark
Good but not great.
This was my second platform. I started with coinbase. I have both now. I like the different coin selection. Binance seems to gain access to new coins before coinbase, giving you a chance to be ahead of the crowd. It is the most used platform but I almost took all my money out when I found out about the SEC investigation. I think they will be fine though. I am grateful to have a friend who is an auditor.
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Pros
- Many coins that coinbase doesn't offer
- Low fees per transaction
- Easy to use platform
- I spoke with a high level auditor, the SEC will have a hard time finding or proving binance broke any laws
- Most used platform worldwide, I believe, as of May 2021
Cons
- Doesn't inform you of news about the coins in your wallet like most wallets do.
- Binance is under investigation by the SEC (security and exchanges commission)
