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14 Karma

Review on Binance Coin by Adrian de Boers

Revainrating 4 out of 5

Best exchange in town. easily and hands down. This side of one's philosophical…

Best exchange in town. easily and hands down. This side of one's philosophical beliefs re 'decentralised blah blah blah...- I'm all for centralised exchanges particularly of this order. Pack leader by far. Binance = win



Pros
  • Great coin selection, importantly very high liquidity of coin assets. Model and trustworthy enterprise, business and founders. Epitomising innovation, creativity and crypto use cases. This can be evidenced for example, when there was an exchange hack - the Binance team immediately repaid all lost tokens to customers and set up a novel bounty for the criminals to be court. Binance in many ways is leading the crypto sphere and has also shown itself to be a community and globally aware and conscious enterprise and actor (e.g., setting up a recent exchange in Nigeria - Africa and many developing nations will be THE test ground for crypto vs fiat showdown). I personally leave my tokens on this exchange because I trust Binance more to refund them if they are hacked then my own ledger. Moreover, their novel BNB token has been a leader for many exchanges to copy - with coin burns and % off trading fees. I personally use BNB as a tether when the market is pulling back as it is a safe asset with good use case.
Cons
  • The exchange format is a little tacky still. It's a bit 'glitz and glam' and $2 Chinese plastic-fantastic bargain shop style. The whole exchange and site needs to be overhauled to show case the amazing company they have become - the Exchange look and also the marketing of challenges/prizes comes across as very cheesy - gimmicky and cheap. Sorry CZ :)

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