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Review on Binance by Viswa Nathan
Overall, binance has been one of the best and the largest trading sites outโฆ
Overall, binance has been one of the best and the largest trading sites out there and if you are planning to make some profit out of cryptos or just want to have a fun time trading, this is the right place for you.
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Pros
- 1. Binance has a wide variety of coins and tokens that can be purchased or sold, making it attractive to both experienced and newbies of crypto trading. 2. Their customer service is one of the best with quick responses and immediate actions. 3. Very low fees (0.05% for BNB) and very fast and rapid operation, that pales down other exchanges in comparison. 4. Versatile trading pairs, that makes users trade with ease. They also have one of the best referral programs, in my opinion, till date. 5. New contests and exciting announcements every month that allows the users to stay excited and get new crypto from the airdrops as well.
Cons
- 1. High withdrawal fees for crytocurrencies such as bitcoin (0.0005 BTC) and Binance coin (0.1 BNB) may prevent smaller investors from using the platform. 2. Potential insider trading, while releasing new tokens, could lead to a pump and dump thereby leading binance to an unfair advantage.
