Review on Binance by Yenkelys Barcenas
Binance. A Strong Competition In The Digital Market
Binance is an excellent cryptocurrency exchange platform that has gained recognition in the crypto world due to the wide variety of currencies it offers, its very low transaction fees and its dynamic way of attracting a greater number of users, which has allowed it to become in one of the most popular exchanges on the market.
Like few platforms, this is one of the most solid and reliable, and although the world of cryptocurrencies is external; One day you can be at the top and the next day you are bankrupt, this Exchange can boast that in 2018 it had the largest crypto exchange in the world, recognized by Forbes magazine by highlighting its creator as the third richest person in cryptocurrencies in the world, of that year.
This platform allows users to trade in real time with more than 100 cryptocurrencies. Like other exchanges, you must have a user account where registration is simple, fast and free, once the registration is validated, the user has a website available that can be used from any device or operating system and that It is available for 15 languages, including Spanish, English, French, German, Portuguese and Italian, which makes it an important competition for the other exchanges; It has a mobile application that allows you to stay connected anywhere and at time and is available for Google, Android and Apple, capturing the attention of young users who want to keep everything at their fingertips.
One of the most attractive points of this exchange are the low commissions demands by its operations, and this could be less if you are using the native currency of this Exchange: the BNB; additionally Binance does not show limits in the operations, although for withdrawal transactions of more than 2BTC, in this case is required to request an extension of the withdrawal limit. Another important thing is the security system that works with the ISO / ICO security protocols and unlike From other exchanges such as Brittex, Binance offers a dynamic system of promotions, contests and competitions between users who are awarded with BNB. All this is highly attractive when selecting a platform to trade your cryptocurrencies.
Pros
- It is a safe, solid and reliable platform for the exchange of cryptocurrencies.
- It is available in 15 languages and also it´s compatible with Google, Android and Apple operating systems.
- Low commissions in operations.
- Customer service is effective.
Cons
- It can cause problems with card transactions if the KYC registration is not completed.
- If you need to withdraw more than 2 BTC, you must request an extension of your withdrawal limit.
