Review on Binance by Pedro O. Alvino M.
Binance, an Exchange originating in China, led by its CEO Changpeng Zhao, in…
Binance, an Exchange originating in China, led by its CEO Changpeng Zhao, in which it began operating since 2017 on its way out of its own BNB token, very active for many users due to its low commissions, its extensive functions are increasingly more In addition to presenting a decentralized platform in which users are more comfortable, it also provides the
Compatibility on various platforms such as the Web, iOS, Android, HTML5 and WeChat, but in addition, from time to time it launches bonuses on which users can be rewarded, however you must read the agreements since they are very strict in that area
His future plans in binance mention various features that have currently been revealed such as the implementation of an instant anonymous Exchange and various leverage operations.
Updated 5 years ago
Rating changed from 5 to 4
now presents leverage programs of up to 75x. I eliminate some pairs of exchanges to improve liquidity in some currencies. In addition to entering the FTX token and generating multiple pairs of exchanges. New coins for staking, ERD, ONE, FET and BTT.
Pros
- The world-renowned binance platform has multiple features and functions that are adapted for any user due to the ability of the platform to view Exchange in a basic and advanced way, causing ease of use for people with little use of cryptocurrencies and for investors with the ability to do complex operations in its own blockchain network called binance chain, in which it has simple features in terms of blockchain but handles large amounts of transactions. In addition to currently having automatic loan and repayment functions in the binance margin. It has high liquidity even at various fluctuations that occur in the market as well as having low commissions of 0.1% which makes it active for many users.
Cons
- Little privacy of users such that binance collects them by the IP address. Having large volume in transactions some users distribute delays in some deposits and withdrawals Being a Chinese Exchange, you don't know what legislative actions it will take in the Chinese government that affects its function
New products
Comments (2)
September 24, 2019
This is why several leaders opt for a decentralized system based on their own blockchain, binance chain
September 24, 2019
I personally am not very involved in using binance, I think they collect a lot of information from their users. And the BNB-based de-centralized exchange is not available in all territories. It is no longer in China.
