Review on Binance by António Bustorff

Most people have heard about crypto currencies by now and everyone that trades it knows Binance. For me it was my guide to exploring the intricate possibilities of blockchain technology. I started trading on the Android mobile app which is preset to Binance Lite.



Binance Lite is an over simplified version of the trading platform. After I registered and verified my account I was able to view the market value of the top trading crypto currencies in relation to the Fiat Money of your choice. To start trading I bought Binance Coin with my credit card. Binance Coin or BNB is the platform's proprietary money and I discovered that they favor transactions and the holding of their coin. In the Lite mode I was also able to trade my BNB into other crypto, set up a flexible savings account that can pay over 10% per year although I found that in average the major currencies pay around 0.5%. I was also able to easily withdraw funding through my credit card. It took 24 hours in my case.



Most of the new or less traded coins on Binance are not available in the Lite version which is unfortunate because they are cheaper and present good opportunities but understandable because they entail a higher risk.



After you do the final verification of your account you can access the Pro version of Binance that has many options to trade, hold or stake your assets. The interface in the pro version is not as friendly and the torrent of information and places to put your cash can be off-putting. The learning curve is quite steep but the information is available and they have safety mechanisms in place to try to save you from yourself. Still, I strongly recommend that you never use this platform under the influence of alcohol or drugs.



One great feature that I like is being able to join 'pools' of newly listed coins which offer good returns in the form of prizes. It's a safe way of making residual amounts of a coin that one day may be worth a lot. It's a good way to diversify your portfolio and keep your eye on new projects.



I am also looking forward to see new NFT features and game integration with their platform.



Binance offers option for all types of traders, I am more interested in getting guaranteed interest for holding my long term investments and I have hundreds of options to do so. If you are looking for a quick buck, stupidly high returns and you don't mind taking huge risks they have you covered as well.



In general it's a very good platform that I see a bright future for. I feel that it's dependable and hope that it's safe. I haven't had any problems with deposits or withdrawals even though I made a mistake once. Customer support works even though it's hard to get to and you need to be patient and persistent.



I would have given it five stars if the user interface for Pro was better. The interface for Lite works better but it's missing so much. My suggestion would be to add more low risk investments and Game/NFT features to Lite.



The website works well but lacks key features.