Review on Binance by Jeff Ayuba
When looking for the Best, Binance is the first
I have been using the Binance exchange platform for my trading and I am quite satisfied with the service delivery on this exchange. The exchange has support for various trading types like Margin trading, Spot trading and futures trading thereby giving me a lot of options for me to explore. The leverage given on both margin and Futures trading are at high percentages and beats out many other exchange to that area. Despite being relatively new, Binance has one of the highest volume and number of users despite placing restrictions on some countries.
In it's trading fee, I enjoy a low 0.1% fee for all my trades and I get to reduce the cost by using BNB, it's native coin to slash this trade fees. The fees cut by using BNB has been positioned to get lowered as time goes by and it stands at 6.7% now which has made me loose my interest in using BNB for my fess as that percentage is insignificant in a broader sense. The exchange although has other appealing features on it's platform like it's lending service from which I earn a passive income from without going through the rigours of trading. It's recently released launchpool is also another mind blowing Achievement for the exchange and keeps improving on increasing it's popularity. Binance has almost everything I have always wanted for n exchange, like it's Fiat deposit which supports my local Fiat and it's VIP membership benefits still keeps me hanged onto the exchange. With my experience with their support team, both on live chat and mails, they are very slow in response but their Social media community is a good place to look into for answers.
Being a great exchange taking from my point of view, am sure this exchange platform will suit many crypto users and therefore can be recommended.
Pros
- Credibility of Binance as a crypto exchange supercede that of many other exchange platforms due to its security
- Supports Spot trading, Margin trading and Futures contract trading
- There is support for crypto staking and lending with good interest in the exchange
- There is much liquidity for most pairs on Binance
- Low market trade fees for all it's various markets
Cons
- Customer support is kind of lackey and takes time to give response
- Trade fees Discount using BNB is very insignificant
New products
Comments (3)
January 27, 2021
I meant to say that you can reach out to binance on their telegram platform but the thing is that they will still get you redirected back to their platform support especially in cases that is related to your account directly
January 27, 2021
You can reach out by nouns on your telegram platform but they will also still be directly back to The Exchange support team. I suggest you patiently wait for your request to be approved or responded to
January 27, 2021
I have also had problems with the support team of the binance exchange, do you think there's an easier and faster or efficient way to meet them in time as I have a pending KYC verification for over one week
