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RE: Binance adds a stop-limit function to the exchange! 👍
Hmm that's interesting. I have never used Binance. I've only ever used Bittrex. Is Binance a good exchange?
Hmm that's interesting. I have never used Binance. I've only ever used Bittrex. Is Binance a good exchange?
I like it a lot so far. It has a lot cheaper trading fees. If you use BNB tokens to pay for the fees, it is 0.05% instead of the 0.25% Bittrex charges. On top of that, the withdrawal fees on Bittrex are high, and Binance is usually about 50% cheaper (this adds up, you'll find out when you withdraw funds from Bittrex to Binance or a private wallet.. it cost me $30 to withdraw my various coins.
Another advantage it has is that it lists a lot of popular coins, whereas Bittrex didn't really add much new since july or so.
The only possibly downside that I can see is that Binance is a Hong Kong based exchange, which may feel a little less safe than Bittrex which I think is US based. On the other hand though, Bittrex has been freezing accounts lately and I think the authorities and IRS are going to start interfering there soon. It could very well be beneficial to be outside of that system. Likewise though, Hong Kong is not China yet still sort of China, so there's that too.
The perfect exchange, unfortunately, isn't here yet :(
hmm. I see. Thanks for the information. You have given me a lot to consider. I didn't realize that the withdrawal fees were so high on Bittrex. I guess I didn't notice, which is another issue in itself lol
Nah, this is stuff all newbies go through really :)
You'll run into a loooooooot more as time goes on. No worries though, you're still among the early ones so you've got one leg up to the mainstream who knows nothing at all yet :)