Review on Binance by Francisco Varela
Binance
They describe themselves as going beyond being a cryptocurrency exchange platform but encompassing an entire ecosystem, with a volume of 2.0 trillion per day, more than 1,400,000 transactions per second and has 24/7 support for their customers.
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Pros
- In the 11th quarterly BNB burn (January-March 2020), Binance burned 3,373,988 BNB, equivalent to $ 52.5 million in tokens.
- In April 2020 the Binance Chain community has released a new whitepaper detailing how smart contracts will be enabled through Binance Smart Chain.
- Available in almost 200 countries, including the USA.
Cons
- Despite being committed to security, Binance does not have regulation from any official body.
- They have been hacked
- High exchange rates.
