Review on Binance by jesson rangel
binance exchanger
Binance has been a great success since its inception. As of today, an average of one billion dollars in trades are made on its platform every day. This makes the platform one of the largest cryptocurrency exchanges in the world, with great liquidity in the market, giving peace of mind in our funds and investments.
It has its own Binance Coin Token (BNB) based on the Ethereum blockchain, which we can use in the exchange or trade between cryptocurrencies giving us the benefit of few transaction fees.
One of the features that I value most positively about Binance is the great diversity of cryptocurrencies supported by the platform. Thus, we can operate with several cryptocurrencies, including, among others, Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum, , EOS, Dash, LiteCoin, NEO, GAS, Zcash, Dash and Ripple. It also supports a large number of tokens, as part of ICO listings.
Due to the wide variety of tools and functions available on the platform, it is used by the vast majority of cryptocurrency traders, which are explained in detail on the platform itself, it also has an application for smartphones and PC operating systems, facilitating cryptocurrency trading.
I currently implement perpetual futures contract for bitcoin and various cryptocurrencies ""A perpetual contract is a special type of futures contract, but unlike the traditional form of futures, it does not have an expiration date. "" . So one can hold a position for as long as one wishes. This new form of investment generates a lot of controversy for those who support the futures contract and those who do not want this market for cryptocurrencies. ....
Pros
- Has application for smart phones and PC operating systems.
- High liquidity and good reputation.
- Large number of available cryptocurrencies and exchange pairs. Many digital currencies, in fact, are only available on their website or they are the first to offer them.
- Very low commissions. When it comes to exchanging cryptocurrencies with each other, Binance has one of the lowest commissions in the market, only 0.1%.
Cons
- There is no telephone support in several languages.
- We cannot have control of the private keys of the wallets we hold within the exchanger.
