Review on Binance by Sudais Quadri
Binance - the ultimate exchange platform
In 2017, Binance was developed in Hong Kong by Zhao. Presently it is one of the top exchange platforms forbdigital assets and crypto currencies. The transaction cost is as low as 0.25%. A lot of currencies are supported on this platform like bitcoin, litecoin, and other few altcoins. Depositing is cryptocurrencies based as only crypto currencies can be used to make deposits except in cases of largr trading volume. Though it was hacked in the past, binance has great security features. It comes with an impressive liquidity hence it is readily available. It has a good user interface which makes it fit for beginners and expert traders and investors. Apart from web, binance comes in a mobile app form which can be downloaded from apps stores for android and iOS which makes traders find it easy to trade. By staking your crypto assets users may earn rewards. Interestingly I can see for loans with interest though. On binance , margin trading is supported with efficient security System like KYC
Pros
- Offers a very low trading and transaction fee
- It has a mobile downloadable app
- it supports Margin trading
Cons
- Its security is not assured as it breached in terms of security before
