1 Level
14 Review
5 Karma
Review on Binance Coin by Sharron Robertson
Review of Binance Coin
Basically, Binance coin is great project in all ways like its transaction speed and transaction fees are very low even if we can transfer millions of usd.
But, Binance coin is very fluctuated coin it price mainly depends on Binance Exchange.
Binance coin has many usecases like if you discover any branch of binance then then 1st need is binance coin. like Binance Launchpad, Binance DEX, Binance Fees reduce. Even if you want early access of Margin trading you need to hold Binance coin.
Pros
- Binance coin is mainly an exchange utility token. By paying fees using binance coin, we can reduce our trading fees upto 25%
- Binance coin is the main trading pair in Binance DEX, so, usecase of binance increases.
- For participating in any IEOs you must hold Binance Coins to be eligible.
- Binance chain transaction speed is great and it gets confirm within secounds.
- Also, in some online or offline stores Binance Coin is accepted as payment.
- As we can see binance coins gives us huge returns from its listing because binance team actively works to do mass adoption in online and offline marketplaces both.
- Binance Coin haves a great team of Worlds leading exchange Binance itself. so, Binance coin has huge potential to grow.
- Binance coin transaction fees is very lees even when you transfer millions also.
- For Binance Margin trading early access, you need to hold Binance coins.
Cons
- Binance coin can crash very badly when any negative news comes from Binance Exchange so, investment is quite risky.
- Binance coin is isted on many exchanges so the coin still remain very much limited to its own platform.
- Another problem is that the buyback policy listed by Binance developers can Dump its price.
