Review on Binance by Inioluwa Okedeji
Binance Exchange: The Most Popular And The Best
Binance Exchange is one of the most popular cryptocurrency exchange in the world. It proudly boasts of being the highest trading volume exchange, roughly over billion coins are traded daily on this platform.
Binance exchange platform is popular for its secure and safe digital assets and its provision of a lot of trading options for traders and merchants alike.
To back up its reputation in the cryptocurrency space, it also boasts of highly fast transaction speed which allows users to transact easily and swiftly on the exchange. It is said to be able to process 1,400,000 transactions in a second. It also charges a small amount of fees for transactions made on the platform.
Being the largest digital assets exchange in the cryptocurrency world, it makes use of a highly advanced technology structures in securing and safekeeping the platform making it dependable for use.
The platform has its own native digital currency, the Binance USD (BUSD) which is a stable coin and also a very popular and highly traded digital currency in the world.
Binance exchange also has a beautiful, attractive, easy and simple user interface that makes the usage of the platform easier and enjoyable.
Pros
- Binance exchange is supported by advanced security technologies for the safety of the platform.
- It is the most traded exchange on a daily basis in the world.
- High daily trading volume.
- Fast transaction speed.
- Low fees are required for transactions
Cons
- Absence of fiat-crypto trading pairs
- A record of security compromise in the past but no assets were lost
