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Review on Binance by C MORRISSEY
Trusting any exchange means the exchange has full control of a users private…
Trusting any exchange means the exchange has full control of a users private keys.
Binance have printed their own money (ICO initiated)...for users to realize a discount compared to other exchanges that don't have discounts. This gives Binance an unfair advantage over any other competing companies that didn't ico - because everyone should start printing their own money....right!!! Controvertial Tether trader too.
Pros
- Access to trade crypto currencies. Once signed up, verified and logged in it's a smooth platform to work around and one of the most popular sites.
Cons
- Binance have printed their own tokens for a trading discount when the tokens are used to trade on their site. The U.S regulator's could step in at anytime and deem the tokens a 'security' forcing any country where Binance operates ( through U.S sanctioning pressure) to make Binance cease and desist business in that jurisdiction.
