Which one should we use Poloniex or Binance ?

in Steem Alliancelast year

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Many of those who are planning to open a new account on a crypto exchange may have a dilemma on which exchange they should open their account on. Which would be the best option ? So I thought today that since Steemir has an internal connection to the Poloniex exchange, let's do some comparisons with the world famous exchange Binance. Although the main purpose of writing this post is not to belittle any exchange. I'll even try to structure the post in such a way that it mentions all your pros and cons without mentioning anything comparable.


First let's talk about the world's number 1 exchange. As the world's number 1 crypto exchange, you can understand how much its quality can improve. All in all, I don't think I can say anything about its disadvantages. But in my opinion this Binance is much higher quality than all other crypto exchanges. I have been using Binance since the beginning. Especially since I opened an account at Binance after visiting all other crypto exchanges and I was very satisfied with Binance . Now many can tell why I prefer Binance. Because of , Binance has some additional advantages that make me like it a lot .


Especially if I talk about one advantage of Binance is entry point and PNL grid line facility. That is, within the chart you can see where your entry is and what your current PNL is. Maybe other exchanges have it too like bybit. However, the fact that bybit doesn't have a desktop application didn't appeal to me at all. Well anyway, now let's look forward to Poloniex. In fact, you can trade well with Poloniex. You won't even need KYC. Without KYC you may be able to deposit or withdraw around $10k . But you can't buy, sell or deposit anything without KYC on Binance. And in this aspect Poloniex is ahead .


In fact, all the things I said today are from my own thoughts. Maybe you don't like Binance. But I was just trying to understand your the benefits. But I would recommend those who are having a lot of trouble with KYC to trade on PoloniX. Poloniex will be the best option for them .

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