Binance is a centralized cryptocurrency exchange. With the recent launch of the Binance Decentralized Exchange (DEX), Binance aims to give the trader the choice of the best of both worlds.
Pros
Very low fees
One of the most innovative exchanges
Ability to buy and sell crypto with fiat
Cons
No fiat currency trading pairs, No phone for customer support Experienced security breaches in the past, No privacy-preserving measures