Review on Binance by John Aledare
The leading exchange in the world
Binance is a leading exchange that hosts crypto-to-crypto trades i.e they do not accept real- world money. One of the many reasons Binance is my most preferred exchange platform is because it lists so many different cryptocurrencies and that's not all, it has one of the lowest transaction fees in the industry. For example, at the time of writing, for every Litecoin (LTC) that you want to withdraw, it would cost you 0.01 LTC. However, if the value of Litecoin increased, so would the withdrawal fee as the fee is fixed to the price of Litecoin and not to the price of USD ( or your local currency). Another reason is that it is very secure. It uses a two - factor authentication everytime you want to login, trade or withdraw funds. Although I find Binance awesome, there are certain less than ideal characteristics of the exchange. One of them is it's poor customer support service. It takes too long to receive replies and there is no phone support service. Another flaw I've noticed is that it doesn't support Fiat deposits and personally I see that as a huge blow to beginners who would want to buy a Cryptocurrency for the first time.
Pros
- It sets up two factor authentication hence it is very secure
- It has very low transaction fees
- It supports up to 100 different cryptocurrencies
- It is relatively popular
Cons
- It doesn't support Fiat deposits
- It has a poor customer support system
New products
Comments (2)
February 05, 2021
A new boiler section was opened on the Binance stock exchange. It is possible to learn both cryptocurrencies from this section. Likewise, it is possible to win prizes by participating in surveys. I suggest you join them. I'm sure you will win.
February 04, 2021
Binance is a complete Digital Assets exchange and as it takes lot of funds and performance for a coin to be listed there Binance is reliable tracking and sorting the projects from investment point of view. Binance Coin is a significant of Exchange performance and Value amongst crypto Marketplace.
