Review on Binance by Denim Kim

Name: Binance
Item: Binance
Rating: 4

January 02, 2020

Binance is the best exchange to use in 2020, but it's not perfect

Binance exchange is founded in 2017 and in less than 3 years it became number one centralized exchange in the world. Originally from China, but it is based in Malta now. 
You can register and use Binance exchange in just few minutes, as there is no mandatory kyc. If you want to increase your limits and withdraw more than 2 BTC in 24 hours then you can choose to send them all your data and information.
Binance has nice user interface and it is very easy to use it even if you are first time using exchange. Binance CEO is active in public and on social media.
I like that Binance have one of the lowest fees in the world, with 0.1% or lower if you use their BNB coin.
Most of major coins are listed on Binance and you can trade and expect to see good volume, especially for BTC/USDT trading pair.
Binance also started to add more FIAT payment options and that is great plus.
I never had any issues with using Binance, but it should be noted that they have been hacked before, and there was also issue with leaked ID documents.
Some people are also complaining that they Binance started to freeze their funds and accounts if they where using mixers before.
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Binance is best exchange we have in 2020 but it is centralized, and I don't recommend holding any coins there for a long time. 
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