Review on Binance by Evgeniy Makeev

Name: Binance
Item: Binance
Rating: 5

June 30, 2020

Probably the best cryptocurrency exchange in the world

Binance is really the exchange that everyone else should be equal to right now, they set the trend a couple of years ago, but by and large, nothing has changed in this regard yet, but much has changed on the exchange itself. What for the average user? To begin with, I personally use the exchange for a long time, two years for sure, and since then I have not doubted for a second that it is personally the best for me, I used a huge number of its functions, participated in various promotions and polls, and every time everything was top notch. And so why is she better than others? the main advantages, as for me, is the huge liquidity, probably the best on the market, the exchange often does not list bad projects, and therefore it is difficult to find a coin or a pair in which there would be very little liquidity, you should not talk about pairs with the top 30 Coinmarcetcap coins at all , there is certainly enough liquidity for everyone. It is also worth mentioning about low commissions, very low, perhaps even the lowest in the market, and this applies to everything, the spot market, margin market, withdrawal from the account, and this is very attractive, because we all understand how important a low commission is in such a greedy market . The exchange is very convenient and understandable, there are not a large number of accounts on your account, you can just make a deposit, and immediately go to trade on any available market, and yes, all these actions are available without complex verification, everything is available immediately, including futures trading. Well, what is the most interesting and distinguishing feature of Binance from most of the rest? this is its functionality, on the stock exchange you can do anything, want to trade? trade, trade futures, borrow and trade with margin, trade as you like, this is your right. Want to hold coins? Binance gives you the opportunity to receive interest when holding or saving coins, moreover, it can even be stablecoins. Want to buy a cryptocurrency directly from your card? you can do it, but KYC is already needed for this. You can even try mining on the exchange, and it seems to me that such a wide functionality can be offered by a very small number of exchanges, but in combination with all its other advantages, it becomes extremely difficult to compete with Binance. Withdrawal from the exchange is also quite fast, I do not think that other exchanges, with the same low fees, could compete with them in this. In general terms, even trying to recall some negative aspects when working with the exchange, I simply cannot do it, and I think this can say a lot about Binance.
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