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Binance Reviews & Product Details
Binance is a preferred crypto trading platform from Bitcoin to NFTs. Binance is a well-known crypto trading platform for its low fees. It provides unique access to proprietary cryptocurrency, BNB, which lets users buy and sell other coins. For users who want to delve into crypto trading swiftly, Binance is a great option, particularly for those with limited budgets.
| Capabilities |
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|---|---|
| Segment |
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| Deployment | Cloud / SaaS / Web-Based, Mobile Android, Mobile iPhone |
| Training | Documentation |
| Languages | English |
Binance Pros and Cons
- Low instant and non-instant buying fees so you can get started fast.
- Extremely popular app with a fantastic reputation.
- Proprietary cryptocurrency for convenient buying and selling with minimal fees.
- Expensive for credit and debit purchases.
- Not available in some parts of the US.
- No crypto-to-crypto.
I can get most of the coins I want. They have some of the cheapest fees if you use their token when trading. They are also one of largest exchanges which gives them high liquidity.
They need to list the average price I paid for the coin in their funds balance page. Too often I find myself hastily flipping between pages before I initiate a buy or sell.
One stop shop for all.
They provide excellent software with and industry leading UX.
They have poor customer service, especially for Westerners
Being able to access a wide range of currencies and trade with advanced trading tools.
Binance is probably the best cryptocurrency exchange out there. It offers a large selection of tokens and UI interface is both reactive and easy to use. I have never had any issues with deposits and withdrawals. They are fast and fees are relatively reasonable. Support is also top notch compared to competitor platforms.
They can take time to list some new tokens and listing fees are high. Certain tokens have high withdrawal fees.
Fast and reactive trading of tokens.
Simple to use, wide range of trading options, very secure exchange. Track record within the community. BNB token to save money on fees and to elminate dust in account
Nothing in particular, it is an Asian company so there can be a disconnect between some users and the company itself occasionally
taking advantage of trading opportunities
Binance actually understands the mindset and ethos of the crypto-community and the mantra of decentralization, it's no wonder that they have the highest trading volume in the world while being a relatively new exchange. Instead of applying the rules of the old paradigm to centralized cryptocurrency exchanges, they actively take steps to be the best in their field by building a DEX instead of fighting against the same core principles that underpin the technological value of cryptocurrencies. Their efforts to develop risk management and anti-fraud procedures underpin the attention to detail they spend in getting the small details right by focusing on R&D.
Uhh, Binance is doing great. Great vision, implementation, thought leadership, marketing, etc. I'm impressed by the platform's emphasis on anti-fraud measures, trading simplicity, branding, and community outreach. The most professional hackathon I've ever attended was sponsored directly by Binance labs and I find myself impressed by the organization's commitment to being a branded player in the community.
As a trader, Binance offers the rare opportunity of a reasonably secure marketplace free of scam-coins or low quality projects. As a blockchain engineer, Binance is an example of an impressive business hybrid that capitalizes on the old while ushering in a new era. As such, its profits and reputation have increased accordingly.
Binance is the most popular exchange and also has the highest volume of all exchanges. Binance is known for causing coins to pump incredibly high upon listing. They also have incredibly secure cold storage wallets called "trust wallet". Binance also recently announced that they would donate all listing fees to charity.
Sometimes random coins get picked by groups to have a large pump for seemingly no reason.
High liquidity and access to quality projects. Secure storage and a very professional team with an all star CEO that enjoys engaging with the community.
I can have all my cryptos in one place. Also its user friendly. Cheaper fees than coinbase.
The multifactor authentication could be improved.
Having all crypto traded on one helps isolate delays in switching through other platforms.
Binance is actually the most common used crypto exchange in circulation, easy to use, good support from the team, nice trading competitions and everytime on the spot.
There are several things that I don't like with Binance, expecially the lack of communications when they decide to do something like delisting or changing something. Apparently someone is getting advantage with trading despite to the majority of users.
Well, Binance is the top cryptocurrency exchange in circulation, you can basically trade all the most important cryptocurrencies in existence with real life use.
The platform is easy to use even for beginners. The fees for transacting are among the most affordable on the market.
The verification process is a bit tricky if the phone you are using is not high quality. You get a couple of rejection when uploading documents and photos.
Security is of importance when dealing with crypto currency. Binance provides various levels of security including 2FA.
Dashboards , Analytics , Real time data , 2 factor Authentication
Some times app gets stuck . Other than that their arent much dislikes
Binance helps to trade create wallets for crypto currencies