Review on Binance by Farhad Muradov
Is the Binance realy top 1 exchange?
Is the Binance realy top 1 exchange?
Tastes differ, and I wanna tell you my point.
So the first is that the Binance centralized exchange, so they are free to do what ever they want. When you register there you should remember the next statement : " The funds in centralized exchange, are not yours". So it doesn't matter how strong you secure your profile, you will never have the private key or mnemonic frase. So it means that they can easily access to your funds. This belongs to the all centralized exchanges, but in Binance I met some issues like funds was frauded from the profile, however the profile was not even hacked. Anyway for traders the Binance is a good oppurtunity to raise their profit. The clever customer should keep only the part of the amount in centralized exchange or at least split the portfolio for several exchanges.
Interface of Binance is perfect, I realy like it. It is easy in use. I like the learn part where you can find all videos and instructions, that means if you are a new you can also easily familiarize the Binance. Marketing of the Binance helped to reach the place that they are now.
Volume in Binance is incredible. Market makers and takers change each other in seconds, so you can sell or buy at any time and be sure that your order will be filled in a very short time. Coin or USD marginated trading include all the things that trader needs.
Not every project can be listed on Binance, they check it thoroughly, and it is their Pros to.
Overall the Binance realy the first in rank of centralized exchanges, but it not quarantee that your funds SAFU.
DYOR and be SAFU.
Pros
- Volume
- Pools, Stakings
- Launchpad, Launchpool
- Spot, Margin
Cons
- Centralized
