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Review on Binance by Oisin Duffy
Binance is a straightforward and effective trading app
experience It is easy to see why Binance is considered one of the most popular trading platforms for crypto currency. The verification process is straightforward and does not take long to complete. When verified, users can either purchase coins directly, or deposit funds and then trade for coins whenever they want to. The process for depositing funds into the Binance app is fast and simple. The app has a default 'lite view which simplifies the interface. This is specifically aimed at new users that may not have much experience of trading. This default setting can be switched off in the settings menu which immediately updates the interface with a range of features that are aimed at more experienced users. Tracking your portfolio is easy and there is a large variety of alt coins to choose from. Binance supports several trading pairs to allow users to trade crypto as well as enabling users to trade peer to peer. You can also stake your balances in several crypto types to ensure that your long geld balances are earning you a return. I am still getting used to some of the more advanced features but so far I have found the guidance and support to be very helpful. Definitely content to use Binance as my primary trading tool for crypto.
Pros
- Lite view for beginners
- Detailed view for experienced users
- Solid selection of alt coins
- Peer to peer trading
- Ability to stake balances
Cons
- Competition adverts on main screen can be annoying
