Unclaimed: Are you working at Binance?
Binance Reviews: 4.0/5 — Solid Choice
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 |
API
|
|---|---|
| Segment |
Small Business
Mid Market
Enterprise
|
| 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 am very pleased that the servants of Binance are extremely stable and since I work with them, they have not fallen. In addition, it has many languages, among them is Spanish and English. I find the views they use excellent, both basic and advanced, because they allow you to start in this world from simple and precise diagrams, to entering the advanced graphics and reviewing it in detail. Binance can be thought of as a wallet, although always when it comes to storing large amounts of cryptocurrencies, I prefer the cold option which are the safest as hardware wallets Ledger Wallet or Trezor. Something very positive is the version for smartphones, it is really very stable and functional. On the other hand, thanks to its chart with TradingView you can customize a large number of parameters to obtain a better visualization. Finally, I have to say that the binance academy is amazing and a great invention for the newbies.
In my opinion this platform does not have a lot of negative points to deal with, although at one time they had a lot of coins that were not reliable and even then, they were commercialized. Something that should be added are the customizable currencies lists. Also, the new IEO does not like me very much, but the excellent quality of the platform makes up for it.
The number of transactions they can make is very large, around 4.5 million transactions per second. Expand my investment opportunities with a broader range of assets. Something very interesting is that, if you like APIs or if you have a good mind for programming, you can easily configure robots to monitor the market for you and tell you when to do an exchange, others also offer this, but it is done more effectively in Binance
I like the amount of trading pairs available and the liquidity
Too many captchas on the mobile app or when using vpn
Binance allows me to trade all my liquid crypto pairs on one exchange
It is an exchange founded in China, very new still but has been gaining confidence among users, Binance was created after an ICO offer and the launch of the BNB token which pays lower fees on the platform, has assistance in several languages, allows trading with more than 100 cryptocurrencies, high liquidity, low commissions for transactions and withdrawals, has 2 ways to see the platform, basic and advanced, I prefer basic.
Binance has some problems in the app android, there are some delays in withdrawals, does not accept fiat money.
When exchanging cryptocurrencies the speed of the platform is a determining factor for the constant fluctuation of currencies, Binance has the capacity to process 1.4 million transactions per second.
Some exchanges, like Coinbase, offer a select few cryptocurrencies for trading. Binance goes the other way, offering hundreds. Trading altcoins isn't for everyone, but for those who do, Binance is the most popular platform in the digital assets space as of 2018 - one year after its launch.
Binance's popularity makes it a huge target. It looks like the exchange spends big on security and defenses, but still, hackers can be pretty genius, and exchange hacks in the pasts suggest a centralized Binance will remain targeted. This isn't being said to scare anyone off, it's just best to recognize that hackers are always probing. To their credit, Binance has held up their defenses adeptly so far.
The advantage has been mainly seen in the ease of making small trades or studying order books by individual team members for analyses.
The best part of binance is the ability to trade a large variety of cryptocurrencies with low transaction costs. The interface is fairly straightforward, and the detailed data given by Binance is helpful for new traders.
Binance can be very slow in terms of website updates, profile authentication, and the like.
I haven't solved any business problems so to speak, but I have realized the benefits in diversifying my portfolio.
I enjoyed the large selection of alt coins, as well as a well thought out (secure) onboarding. It’s helps weed out scammers.
The native iOS app crashes from time to time. You have to rely on a third party app and use there secret key & api for the feeds.
At my old agency, our employees all pitched in for a small crypto fund. Unfortunetly everyone lost their money in the crash. Lol
ease of use, and info in one glance - also speed when placing a trade.
lockouts when too many people are signing on and using
Business investments, trade and purchases, exchanges amongst various coin markets for crypto currancy
Good number of coins that can be traded. Dashboard is great and easy to understand for trading. The best security features along with MFA.
The fees are high and I see market orders take time.
Just daily trading and use wallet as a store
Large number of trade pairs Low trading fees using BNB coin (50% discount in the first year, 25% in second) Very nice mobile app Good security setup and 2FA Easy account setup with no verification for LV1, limiting transfers to 2 BTC in 24hr period Good volume across many trading pairs, offering possibility for day trading on the more popular coins
Trading options are basic, just basic market, limit and stop-loss. Web site will lag or stop responding on high volume trading spikes No fiat trading pair or transfer, must use Tether (USDT) which is a little suspect in regard to it's liquidity Trading and withdrawal minimums and fees for some alts make it expensive to move them from wallet to exchange and back.
At the moment this is just a private use and Binance is primarily geared towards individual and retail investor and beginner traders
Security about login and withdraw . but some items are very complicated
Support chat is automatic computer reply
Delete or disactivate DEFI wallet