Review on Binance Coin by Aman Arora
Binance is by Far the Best Centralized Exchange
When it comes to centralized Exchange i.e CEX, the one at the top is Binance. Binance is a quality exchange when it comes to trading multi cross pair option as Bnb/USDT, Bnb/Btc & BNB/Eth etc.
I would highlight the points why Im using Binance as best and on top of the list.
1. You nevet face an issue of low liquidation as there are usually very high Volume on every cross so its always works if you like to set pending orders in market volitality.
2. Fees is very low when it comes to depositing. Even while high Gas on Ether Network,Binance charged me a lump sum fees for transferrinf ether of 0.005 eth. Also, trading fees is very low as compare to other Cex Exchanges and you can also opt to pay fees from Binance Coin & get 50% discount.
3. Low value coins can be converted to Bnb coin once every 24 hours. You can deposit as low as 0.001 cent and convert all your low accumulated coins to BNB coins and trade it on exchange and get preferred coin of your choice.
4. Staking facility is one I love and Binance is very good option for stakers and get good stable APY and can get good income and in the meantime can optin and out any time after required locking period.
All in All If you have plans to make a choice between trading at Binance or any other Exchange, then Binance is one standout option.
Binance is reliable because Coin listing at Binance is itself a very costly and time consuming process and that is why I always prefer Binance to store, trade and stake.
Updated 4 years ago
Rating has not been changed
I will stick to rating of five star and there are multiple reasons behind. One of the reason is release of binance chain becomes the complete game changer for Binance coin and it has surpassed Usdt in Market Cap and massive growth of Binance as more projects have opted for BSC chain due to Congested and high Gas fees on ether network.
Binance Coin is used not only from trading and investment perspective but also as a variant for staking and pancake and julswap platforms are completely integrated with use of Binance Coin. It could completely change the scenario and best substitute for stakers who pays high fees to stake and unlock funds from pools. More updates will be posted whenever requires.
Pros
- Liquidation never become a issue
- Low fees and lot of cross trade pair options
Cons
- Very high Listing fees and not too many pairs as compare orher cex
