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14 Karma

Review on Binance by Adrian de Boers

Revainrating 4 out of 5

Best exchange in town. Easily and hands down. This side of one's philosophical…

Best exchange in town. Easily and hands down. This side of one's philosophical beliefs re 'decentralised blah blah blah...- I'm all for centralised exchanges particularly of this order. Pack leader by far. Binance = win



Pros
  • Great coin selection, importantly very high liquidity of coin assets. Model and trustworthy enterprise, business and founders. This can be evidenced for example, when there was a hack the Binance team repaid all lost tokens to customers. Binance in many ways is leading the crypto sphere and has also shown itself to be a community and globally conscious enterprise (e.g., setting up a recent exchange in Nigeria) . 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. I personally use BNB as a tether when the market is pulling back.
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 :)

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