Pros
- low rates
- above average security
- practicality and intelligence in movements within the exchange
- nice and modern layout
Cons
- nothing negative to address
Binance DEX Review
30
·
Followers 5
·
Very good
Rating
4.1
Crypto Exchanges
Pros
- In ventilated stock exchanges such as Binance Dex, users do not have to create an account. All transactions are performed directly on the BlockChain and the non-escrow is provided with the user's own wallet.
- The main return of using a central system is freedom and increases the control of users on their own money
- simple and user friendly interface
- High Level Security and Encryption
Cons
- none
Pros
- It eliminates the issues related to takers and makers
- It supports external software and hardware wallet
- The interface is easy to use and navigate
- For deposit it accepts bank wire, credit and cryptocurrency
- Users enjoy the liberty of keeping the Private keys as in other DEx
- Offers all security common to DExs
Cons
- Does not support crypto to flat exchange yet
- Daily trading volume is very low
Pros
- It is decentralized
- Attractive trading environment
- Good liquid
- Fast and reliable
Cons
- Nothing
Pros
- There is a lot of criticism on Binance DEX, skeptics doubt that the platform is truly decentralized. So far, everything is going well. BNB Binance is transferring to its own blockchain, the network has already been launched and the first projects that have successfully passed IDO have appeared.
Cons
- Among the shortcomings, we can only single out a small set of assets and support only for limit orders. In the future, this will most likely be corrected, and DEX may well enter the purely top exchanges.
Pros
- It is network initiative.
- It is person friendly, this means that not like different DEX the evaluate isn't bulky to understand.
- No private records is given out earlier than one could use the trade.
- There is low buying and selling charge specially in case you are paying with BNB token.
- Since it's far a decentralized trade you're in overall manipulate of your non-public key, even need to the server be hacked the hacker can't get get right of entry to to customers fund.
Cons
- It isn't to be had to US investors.
- No fiat deposit, this means that isn't an access stage for overall strangers to crypto.
Pros
- It has advanced security features
- It's easy to use
- Its decentralised
Cons
- No negative review at this moment
Pros
- It's user-friendly, thus unlike other DEX, the overview isn't difficult to grasp.
- Because it is a decentralized exchange, you have complete control over your cash.
- Trading charges are minimal.
- It's the effort of the Community.
Cons
- No deposit of fiat.
Pros
- Binance Dex is easy to use with wallet import features or with hardware wallet
- Low fees trading make it reliable way to use
- Binance Dex use make sure that you have complete control of your assets
Cons
- Lot less coins to trade as compare to Binance Cex version
Pros
- Token issuance is available. Specify a few basic parameters and you good to go. But the tokens themselves will be extremely simple, if we were to compare them with Ethereum-based tokens.
Cons
- Some people find it discouraging that users can only hold BTC.B and not the real Bitcoin on Binance DEX. And we have to rely on Binance entity to process BTC.B into BTC withdrawals. Some even might say that the whole point of DEX is neglected because of this. But I guess current solutions is not advanced enough to offer instant decentralized exchange of the real assets. This kind of "synthetic" solutions is the choice of many DEXes.
- Low volume by the centralised standards. But by the DEX standards it's pretty good.
- By the utopian blockchain standards all we got is famous CZ's "FUNDS ARE SAFU" and low decentralisation levels. But the work continues and this may improve over time. I will update my review then.
Pros
- Users privacy taken into consideration
- Low transaction fee for making deposit and withdrawal
- Connect with other wallets
- Security is good
Cons
- Good exchange platform nothing bad for now
Pros
- Quick Exchange for Binance tokens.
- Integrated in many popular wallets like Atomic and Trust.
- Get a key store file to access your account, which boosts decentralization.
- Easy UI.
- Many Exchange options.
Cons
- Main Exchange pairs are Bep2/BNB
- Not much else to do on the Dex apart from spot trading.
Pros
- Without the intervention of third parties that allows peer-to-peer exchange, de-centralized where only the user has control of the assets and full storage of the access codes.
- Servers in various parts of the world which provide greater security and reduce the possibility of a pirate attack.
Cons
- Binance DEX does not accept US investors on its platform, which means that US users must turn to another platform.
- Due to the crisis caused by COVID-19, the 24-hour trading volume fell substantially from $ 2.1 million, which was the volume handled in September months before the pandemic started at just $ 369,944 for March amid the crisis.
- It does not allow the purchase of cryptocurrencies, to use the exchange you must have crypto previously.
Pros
- It has a main wallet where users can store them without problems which is named Trust Wallet.
- Users will have complete control of the functions and administration of cryptocurrencies through private keys and passwords.
- It is one of the main exchange platforms worldwide due to its high volume of operations and assets.
- It has blockchain technology for the security of the assets that are managed in this exchange.
Cons
- It is an exchange that does not support fiat currency which means that users will not be able to buy cryptocurrencies.
Pros
- Control of keys and funds by users.
- Low commission rates.
- High performance in the market.
- The orders will be executed at the same time when added to the block, with a maximum time of 72 hours, otherwise they will be canceled.
Cons
- No exchange of cryptocurrencies and fiat currencies.
Pros
- There is Binance behind and backed by the cryptocurrency community
- The user's property is entirely in their ownership, the exchange will not be able to control or interfere.
- Users are anonymous when making transactions on Binance DEX
- Cheap transaction fee
- Binance dex is the back door for high quality projects that want to be listed on CEX
Cons
- It does not yet have a mobile application
Pros
- The user experience is pleasant, Binance DEX is no more difficult to handle than traditional Binance.
- Commissions are very low
- Speed
Cons
- Binance DEX does not allow the exchange of cryptocurrencies for fiat currencies.
- Limited number of trading pairs
Pros
- Since it is a decentralized exchange you are in total control of your private key, even should the server be hacked the hacker can not get access to users fund.
- There is low trading fee especially if you are paying with BNB token.
- No personal information is given out before one can use the exchange.
- It is user friendly, which means unlike other DEX the overview is not cumbersome to understand.
- It is community initiative.
Cons
- No fiat deposit, which means is not an entry level for total strangers to crypto.
- It is not available to US investors.
Pros
- trust exchange
- faster transaction
Cons
- just bnb blockchain
Pros
- Great security
- Easy to use interface
- Decentralized platform
Cons
- does not accept fiat currencies
