Pros
- Eliminate rates within the Binance exchange
Cons
- Listed in a few exchanges, most are in binance itself
Pros
- While Binance is slowly phasing out the trading discount provided by the Binance coin, they are finding other ways to make the coin valuable, such as burning coin supply and creating a decentralized exchange that will use the Binance coin as its native currency. This would not only increase the value on Binance coin, but would also give it utility far into the future.
Cons
- You may have heard of KuCoin before, another exchange with its own currency. This is pretty similar to Binance, with both tokens being used to pay trading fees on their respective exchanges. There is one distinguishing difference between the two in regards to the way they distribute profits from trading fees.
Pros
- Binance is one-year old and expects to accumulate a net profit of USD 500 million to USD 1 billion for the whole 2018. However, quite a few people in the mainstream world have heard about this company. In addition, cryptocurrency trading volumes are ridiculously low compared to stocks. Imagine what would happen if cryptocurrencies became mass adopted.
Cons
- Anyone who believes that cryptocurrencies have bright future ahead and they will become more and more adopted by people should be aware of something - once you own a cryptocurrency, you will need a liquid exchange at some point, me too !
Pros
- The Binance exchange is like most other cryptocurrency exchanges in that it allows its customers to exchange one cryptocurrency for another. It uses a custom matching engine to match buyers and sellers at the requested prices. Once the trade is processed, each customer receives what they want, and Binance receives a small fee for providing the matching and exchange service. This is how an exchange makes a profit.
Cons
- The problem that cryptocurrency exchanges began running into in 2017 is that they couldn’t keep up with the number of transactions as cryptocurrencies became increasingly popular. This led to delays in transfers, and lost orders, or bad prices for customers. Someone needed to fix the issue, and Binance has created its overwhelming success by doing just that.
Pros
- Binance has issued its own token, BNB. This token can be used to pay any kind of fees incurred on the exchange. If you pay using BNB, you will receive a discount on the trading fee. Personally, I think that Binance has been the best exchange existing so far, as it is intuitive, reactive, and very good looking both on computers and mobile devices.
Cons
- This is a trading platform in the top trading floors in the world, I have not noticed any defects from it, I'm doing business in Binance and will continue to do so in the future!
Pros
- Binance is known for its fast transaction processing as well as its low trading fees (0.1%). The Binance technology is capable of processing 1.4 million orders each second. The exchange was created by experienced professionals in the cryptocurrency space, and the most recognizable name behind this project is that of Changpeng Zhao, former CTO at OKCoin.
Cons
- Only provides options for limit and market orders, as a strictly cryptocurrency only exchange, you cannot fund your account with normal currency, Hong- Kong Based, relatively Low Liquidity (after China Regulation Efforts) and not very accessible to beginne.
Pros
- Great coin selection, importantly very high liquidity of coin assets. Model and trustworthy enterprise, business and founders. Epitomising innovation, creativity and crypto use cases. This can be evidenced for example, when there was an exchange hack - the Binance team immediately repaid all lost tokens to customers and set up a novel bounty for the criminals to be court. Binance in many ways is leading the crypto sphere and has also shown itself to be a community and globally aware and conscious enterprise and actor (e.g., setting up a recent exchange in Nigeria - Africa and many developing nations will be THE test ground for crypto vs fiat showdown). I personally leave my tokens on this exchange because I trust Binance more to refund them if they are hacked then my own ledger. Moreover, their novel BNB token has been a leader for many exchanges to copy - with coin burns and % off trading fees. I personally use BNB as a tether when the market is pulling back as it is a safe asset with good use case.
Cons
- The exchange format is a little tacky still. It's a bit 'glitz and glam' and $2 Chinese plastic-fantastic bargain shop style. The whole exchange and site needs to be overhauled to show case the amazing company they have become - the Exchange look and also the marketing of challenges/prizes comes across as very cheesy - gimmicky and cheap. Sorry CZ :)
Pros
- Binance coin is related to one of most famous exchange in the world. Competente and professional team. Binance utilizes the ERC 20 token standard from Ethereum. Binance gives you a major rebate when charges are paid in BNB as opposed to in BTC. A new office will be opened in Malta.
Cons
- Finance coin exchange is the great way
Pros
- Binance coin is related to one of most famous exchange in the world. Competente and professional team. Binance utilizes the ERC 20 token standard from Ethereum. Binance gives you a major rebate when charges are paid in BNB as opposed to in BTC. A new office will be opened in Malta.
Cons
- Value's token has a very high volatility and it is often influenced by the news.
Pros
- The value of binance as utility token cannot be challenged because it will give a 50% discount on trading on binance
Cons
- Greater volatility of the coin
Pros
- Binance has managed to grow at breakneck speeds. It has recently announced a its intention to develop a blockchain which will support a decentralized exchange. If DEX is the next frontier Binance is taking steps to retain its large customer base. If successful this new venture will add additional value to a token that already has demand and an actual use case which is pretty rare in this industry.
Cons
- A recent attack on trading bots within the Binance exchange was thwarted and the trades were reversed. Being an actual exchange opens the underlying token to these actual risks. If it was successful there would be loss in trust which could prove catostrophic. Binance is based in Hong Kong and it’s servers are located in South Korea. Hong Kong while taking a lead approach in FinTech, still is under China's rule. There are increasing risks regarding trade with the US as well as crypto in general.
Pros
- Utility token, it gives you better fees in Binance. You can use it as a trading pair to purchase other cryptocurrencies. Steady growth token.
Cons
- Artificially inflated price. It has been heavily manipulated by the Binance team by releasing "exclusive airdrops" for top BNB holders. Highly volatile price makes it a very bad trading pair. No utility outside of the exchange. Not traded -significantly- on other exchanges.
Pros
- centralized exchange will die. Then there is no value for this coin.
Cons
- Only focuses to earn money.
Pros
- obvious this is a great coin to use on the Binance app. great for day traders and much better than the tethers that are out there. I great that the Bianace label keeps great communication via twitter, alerting consumers about potential scammers. Nonetheless the coin has great value as a trading coin or a competitor to something like litecoin. Always good to see coins use ETH as their base blockchain.
Cons
- No cons as of yet. based on my personal experience.
Pros
- Tamara
Cons
- BNB reduces trading fee's in half. That is very attractive to those who are constantly trading. One of the cheaper exchanges in terms of trading fees for now.
Pros
- Binance coin reduces trading fees to a great extent. That is very attractive to those who are constantly trading. Thanks.
Cons
- Not known yet
Pros
- BNB reduces trading fee's in half. That is very attractive to those who are constantly trading. One of the cheaper exchanges in terms of trading fees for now.
Cons
- A downside is that if this token is not used to pay fees, you will take a fee out of the coin you are trading resulting in what is known as "dust". If the trading fee is taken from let's say 1 cardano(ADA) coin. Instead of 1 ADA coin you now have .997 ADA. The minimum trade amount for lower priced coins is likely 1, which means you are unable to sell the .997 of the ADA coin. You are now left with nearly the full value of the coin that will never be able to be sold. It will forever sit and collect "dust" (However small the amount).
Pros
- Easy to operate
Cons
- Functionality not very efficiently could not transfer coin out . They working on it but been a week now.
Pros
- The more people that join Binance, the higher the coins value will be and there's A LOT more people waiting or soon to join
Cons
- Waiting for all those new people to join, it can be next month or next year
Pros
- binance is the top echange
Cons
- nothing
