Review on Binance Coin by francis fernandez
Evolution of BINANCE COIN
Just 3 years after its founding, the Binance Coin platform has positioned itself positively in the digital financial market, becoming a year after its launch into the cryptocurrency with the highest number of exchange transactions worldwide. This cryptocurrency continues to be continuously updated in terms of software and security codes, despite having been the subject of fraud by hackers in the beginning; which has allowed it to continue increasing the number of merchants who trust it day by day, this in turn favors the growth in its digital value.
Pros
- Being a cryptocurrency, it is easily portable and transferable, because it does not have a physical body, which allows large amounts to be transported online.
- It is a digital platform, which unlike legal tender, is not damaged since it is not issued in paper money
- Being a digital platform, it is available anytime and anywhere with internet access, unlike a local bank
- It grants discounts to its users when paying the exchange fees during the first year.
Cons
- Being a totally digital platform, it is susceptible to cyber attacks that threaten the security of its affiliates. Exchange transactions could generate the payment of commissions.
