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Review on Binance by Roger Sandoval

Revainrating 4 out of 5

Complete Review of Binance Exchange.

Binance exchange is currently world's Biggest cryptocurrency trading platform with great trading volume on mostly all coins. Binance exchange trading interface is very cool and easy to trade. Any new user can also trade in binance because of its easy user interface.

Binance provides mobile application for mobile users. so you can trade on mobile also or you can trade while travelling very easily. sometimes mobile app crashes but binance solve this issue in future app updates. PC clients are works very smooth without single lag even if market is very volatile.

User Account security of binance is great as it provides google 2FA, mobile verification and email verification when you login or on each withdrawal of coins.

Trading fees of Binance is competitively very low and trader can reduce its fees upto 25% by paying fees in BNB. Binance provides various trading page view of 1. Bacis View 2. Advanced View. Trader can use any view according to their comfort.

Binance currently progressing very fast and launches many projects like Binance Launchpad where, new projects can raise funds throw Launchpad as IEO. and Binance DEX which is decentralized crypto exchange runs on BinanceChain. also, Binance upcoming projects are Binance Margin Trading and much more.
So, the overall future of Binance is great and I reccommend users to use binance exchange for trading.

You can share your opinion in comment and mention if any points i miss in this review. 🙂



Updated 5 years ago
Rating has not been changed
Binance Margin Trading function is now live for all users. Margin controls are different from normal interface which is very difficult to understand for new user or traders.



Pros
  • Binance exchange is the world's leading cryptocurrency exchange because of its easy to use interface and great projects.
  • Binance exchange supports more than 100+ cryptocurrencies trading and with multiple trading pairs.
  • Binance exchange has great trading volume and traders can easily and fastly trade with any coin on binance.
  • Binance provides great security like phone verification o google 2fa and Email verification for each and every withdrawals.
  • Binance exchange offers low trading fees for traders who pays fees in BNB.
  • Binance Exchange currently works on many projects like Binance DEX, Binance Launchpad and Binance Margin Trading.
  • Binance provides mobile application and pc clients for easy and smooth trading.
Cons
  • Binance KYC procedure takes much time Although many users kyc done vey fast.
  • Binance mobile apps is sometimes crashes and windows client automatically logouts so we need to relogin.
  • Binance recently hacked and more than 7000 BTC were lost. so, still there are some risks to store funds on exchanges.
  • Sometimes Binance delays in withdrawals of some coins.

Comments (1)

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September 07, 2019
Nice review. They now have lending on their platform which i find super nice. Might even soon be worth swapping over from bitfinex. :)

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