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Review on Binance by James Colton
In conclusion, I can say that Binance is a good exchange, but not so good asโฆ
In conclusion, I can say that Binance is a good exchange, but not so good as is commonly believed in the crypto community. It should be borne in mind that there are both pros and cons. In any case, it's up to you, so when choosing an exchange, you should think and analyze only for yourself!
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Pros
- - This is the exchange where you can find almost all interesting currencies. And this is personally for me a big plus, because it's inconvenient to use several services for this. - Some currencies have a pretty good fees (but these are not about all currencies!) - The fact that this is a rather large and well-known exchange - also speaks much, I think many people trust this exchange.
Cons
- - Despite all the advantages, I can't ignore the disadvantages of this exchange. First of all I want to say about the speed of transactions. Periodically you have to wait until the transaction is completed and this is sad. - During the time that I used Binance, I had problems several times. Twice I couldn't withdraw Tether and one more time Stellar. - When I sent a ticket to support, I also had to wait! Therefore, I can't say that support here is something better than on any other exchanges. - Let's talk about fees. Yes, they are pretty good, but this is not about all currencies! Therefore, before you do something, carefully look at the size of fees, otherwise you will be disappointed with the result. - The fact that Binance was hacked doesn't say anything for me personally. Most importantly, the exchange will draw some conclusions from this incident and, I hope that this will not happen again!
