Is binance the best cryptocurrency exchange?

in #cryptocurrency2 years ago (edited)

(View this answer on Musing.io)

It depends what you would consider as "the best' , that's something subjective. Personally i use binance for almost al my trades. I also use trust wallet by binance to store my erc20 tokens. I'm a happy customer and binance is definitely in my top 3 best exchanges.

Things i like about binance:

  • You can trade a lot of different cryptocurrency on binance. I personally don't know of any exchange that has such big listing of different cryptocurrency that you can trade.
  • Very high performance and liquidity on the exchange which provides you with a good trading experience.
  • Support in different languages and you can access the exchange on different type of devices. They have a website application and mobile app for your smartphone.
  • Safety Stability: Multi-tier & multi-cluster system architecture
  • Fees are pretty low, you pay a 0.1% trading fee to make transactions. Deposits are free and withdrawal fees are regularly adjusted according to blockchain conditions. 

What i don't like about binance:

There is not much i dislike about binance to be honest but if there is one thing i don't like it's that you can't short cryptocurrency. You can only go long or buy stablecoins. I never understood why they don't allow shorting. 

I would always like it when they add more coins and lower their fees. But fees are already low and they already support a lot of coins so it's not something that's really necessary.  

You can open an account or get more information here: https://www.binance.com/?ref=35004361



Sort:  

Of course there is a very good exchange, thanks very much for sharing.

Posted using Partiko Android

you're welcome

Looking for a good exchange to trade cryptocurrency? Read this post:
https://steemit.com/cryptocurrency/@niel96/fkextygqq

Congratulations @niel96! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You got more than 600 replies. Your next target is to reach 700 replies.

Click here to view your Board of Honor
If you no longer want to receive notifications, reply to this comment with the word STOP

You can upvote this notification to help all Steemit users. Learn why here!

Coin Marketplace

STEEM 0.22
TRX 0.02
BTC 11578.41
ETH 399.14
SBD 1.05