- Binance is a very good and efficient Exchange, I use Binance as my main exchange. Binance created their own proprietary trading engine that is currently capable of processing 1.4 million trades per second. That’s far faster than any other cryptocurrency exchange currently, and explains why so many traders have made the switch from other exchanges to Binance. I personally use BNB as a tether when the market is pulling back as it is a safe asset with good use case.
- It’s important that investors establish costs at the outset, when setting up on Binance. Those who buy into the BNB altcoin, tied as it is to the fate of the exchange, are mostly HODL types, but the fundamentals are in place as well. Were Binance a bricks-and-mortar establishment, shareholders would point to figures that show uptake, growth and profits. Unlike many of its competitors, Binance is emerging as a polished exchange with a latent energy in its token.