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Review on Binance by Markus Richter
Binance is one of the largest and well-known and well-trusted Exchanges in the…
Binance is one of the largest and well-known and well-trusted Exchanges in the world. The Development of its business seems strong and this seems to force the price growth of its own Coin BNB. Every Crypto-Trader in search for a well integrated Trading-Platform is asked to have a look on Binance and follow their well managed news channel.
Pros
- i am using binance now for 1 years holding a few coins including Binance own Coin BNB. It has been my first exchange offering secure Login options and a stable Platform. In my opinion, market manipulation by big traders seems not as an big issue as on other Exchanges like Cryptopia or Livecoin even with Binance large portfolio of crypto buying options. You can also use BNB to reduce your trading fees. Thats quite useful because the Coin shows stable growth.
Cons
- It is a shame, if you have not enough coins on the platform you might not be able to trade them. Every trade needs a minimum of X coins. Thats more than bad when you have no other assets left on the platform. Withdrawal of Coins has the same issue, so you might not be able to trade and withdraw minor Coin amounts, them being stuck on the exchange.
