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Bratislava
1 Level
2 Review
0.75 Karma

Review on Binance by David Urban

Revainrating 5 out of 5

Awesome exchange

I am using this exchange, so it may be quite more positive.

I love this exchange. It is really fast and very trustable. It is very good for everyone, that they don't need KYC from everyone, but only for some of their services. They have extremely small fees, so if you will trade max. few hundreds of USD you won't even notice, that they have some. For Europeans, they have also their Binance card, which is very useful and makes crypto easier to spend at "normal" shops. I am also really annoyed by their BNB token and how they force you to change small amounts of other crypto to BNB. That is IMO way how they earn most of liquidity.

P. S.: Sometimes you can earn few dollars when you will join at some competition, where you have to share something, etc. It is very kind from them. But mostly, they have trading competition and that will win someone with high volume.



Pros
  • Good for starters - they have Binance Academy where people can learn about crypto
  • You can log in by QR code at web by your mobile - very useful if you have 2FA
  • Awesome mobile app
  • Good savings products
  • Many features for pro traders
Cons
  • It is centralised exchange - you don't really own crypto you deposited there
  • They push people to buy their BNB token

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