Review on Binance by Stephen Toluwani
The Greatest Exchange of all time; Binance
Binance exchange is like the biggest Centralized Exchange in the whole world with a 24 hour trading volume of around $3.8 billion. Binance took the crypto exchange industry by storm as the exchange started in the year 2017. It's currently ranked No.1 in both volume and credibility
The exchange supports futures and leveraged trading in it's platform thereby giving different options to different traders. It also provides a good leverage of up to 125% suiting the risk-minded traders
As for it's exchange platform, trading fees move from 0.075% for it's native coin holders BNB to 0.1% for both market makers and market takers which I don't find appealing. The exchange also boasts of low withdrawal fees. The best part of the exchange to me is the direct purchase of cryptocurrencies with fiat currencies and as the exchange is supported in many parts of the world, users find this quite helpful
Both the web and app U.I are great looking along with the candlesticks chart area that includes a set of indicator to help the technical analysis trader
Pros
- It's the biggest Centralized Exchange in the world today in terms of its 24 hours volume and credibility score
- Enough liquidity can be found on the exchange as the large trading volume and number of traders on the platform is huge
- The exchange hosts 226 coins and 774 currency pairs
- Supports futures and leveraged trading
- The exchange allows direct purchase of cryptocurrencies with local currency
- It's an exchange that is supported in many parts of the world
- Exchange has a great User Interface and candlesticks chart area
- Low withdrawal fees and no deposit fees
- KYC is not compulsory on the exchange as long as the user withdraw within his/her daily limit
Cons
- Trading fees of 0.075-0.1% is high considering the number of traders on its platform
