Review on Binance by Uğur Çelik
Why We Use Binance?
Binance has most dominance in the cripto. Thanks of its dominance, new users who join to world of cripto, trying to sign Binance. Because it is knowing so trusted. İt can be true. I totally positive about trusting Binance. But it is cripto world, so every users must know that digital world is so risky. For example if some hackers attack to site, it doesnt be for harmfull just binance, and also it will be harmfull for all users in the criypto world. So every users must be take risky of themselves.
But we must underline that Binance is most efective. its problem not just its problem and Binance know this. İn this perspective Binance uptading its sistem continuously against attacks. This moving make it trustable. it is so importand behavior.
And also we can say something about availability. Binance's interface is most understandable and simple. So everyone can buy and sell cryptocurrency easily. İt can be understand, if we look at its dominance on the market cap. Because it is the biggest in the cripto market.
To sum up we can say that cryptocurrency still has more volatility and risky, If we compare it with gold, dollars and similar investment instruments. We can add risk of markets, as a single exchange can be hacked (there is in history of cryptocurrency). So cryptocurrency investors must be so careful. Binance can be good choosing for them, especially compared to small volume exchanges...
Pros
- Binance is fast, trusted
Cons
- possibility of risk
New products
Comments (1)
January 30, 2021
I believe binance is a very trust worthy exchange platform
Aldo with on of the lowest exchange fees
It is highly liquid and experienced with great trading volumes.
I actually enjoyed my time with it....
Its great!
