Binance Pros and Cons

It is the most secured platform for crypto exchange.

It is designed for experienced investors having a wide range of cryptos from all over the world to trade globally.

The thing I like the best is the trading fee which is relatively very low from any other platforms available.

You can have a wide selection of trading options like P2P, net banking, debit and credit cards and much more. Review collected by and hosted on G2.com.

The experience of the platform can be complex for a first-time user to understand.

Customer Satisfaction is also an issue as it has poor customer service and withdrawal issues too. Review collected by and hosted on G2.com.

I had used Binance for several years and I had never encountered a problem adding or cashing-out money from the platform. Is great for short investment because so many people are using it so buying crypto can be quick and straightforward. You can be a beginner or an advanced expert in trading and still make good use of your wallet on Binance. Besides, the Binance coin helps you save on transactions and make money just by having some of it.

If you like the referral programs let me say that you can earn a top 40% of commission on every person you refer and you will earn on BTC which is the easiest money to exchange today. Another thing I like about Binance is that they had improved the process of buying crypto directly from the platform, so If you have dollars or even Mexican pesos now you can do it so much easier. Also, you can see Binance in many different languages, so they are always thinking about their clients. Review collected by and hosted on G2.com.

I don't like that there are so many security things to use in order to enter the platform, besides if you are no longer using it it will automatically log out for you which can be annoying sometimes. But, I had encountered so many good things on using Binance rather than other exchanges that I still prefer this option above so many others.

Another thing I'd like to say is that the chart of fees is not easy to find, so you must go to the bottom of the page and look for commissions in order to look for it. Is very important to check that chart before making any cash-out transaction so you don't get any surprises. Review collected by and hosted on G2.com.

Binance has both an advanced and LITE view. This is a fantastic feature that makes the mobile app very easy to sue and incredibly user friendly. The UX & UI is slick and sleek, this makes using the product streamlined. The app has a very strong security feature which gives confidence within a space often riddled with scammers and fraud Review collected by and hosted on G2.com.

Many mainstream UK banks have banned crypto transfers due to financial regulations. I feel Binance is making tried to overcome this while staying true to its goals. Review collected by and hosted on G2.com.

Payments. Binance is not like other platforms I personally use such as Gate. In Binance, I can pay using a master card directly while on other platforms I need to pay through a third party that deducts a really bi commission, and sometimes it reaches 10%.

I also like their platform, It's easy and straightforward with all the tools that any crypto trader needs. Review collected by and hosted on G2.com.

The ICO & IDO campaigns. I am a trader with less than a 10K budget. So, with this budget, I can't compete for other whales who apply on the successful tokens before lunching. The subscription in Binance is very complicated and unfair, even with their distribution. because all the time the first 100 contributors in the ICO are already hitting the maximum allowed token presale, so, the distribution is useless and for me when I enter the ICO with a small budget I will never win. Review collected by and hosted on G2.com.

Buying & Selling crypto for different currencies Review collected by and hosted on G2.com.

Binance withdrawal charges should not take Review collected by and hosted on G2.com.

The P2P is very secured in Binance which means no chances of getting scammed. The leveraged tokens are the most i used in Binance because of less chances of getting liquidated. Very professional exchange platform for both beginners and professionals Review collected by and hosted on G2.com.

The P2P is very glitchy/buggy. The messages in P2P won't sync correctly. Always get disconnected when I chat. When i minimize binance to transfer money, the p2p chat get disconnected and take very much time to reconnect! This is not expected for big exchange like Binance. But thinking about security, this is negligible. Review collected by and hosted on G2.com.

It has a lot of tokens and a lot of products to get the most out of your investment or trading strategies. Also, the team behind seems solid, which makes you feel more comfortable. Review collected by and hosted on G2.com.

The interface is not super intuitive. For instance, to download a tax report, you have to do a ton of actions, firs to find the place to do it, and then to download the report. Review collected by and hosted on G2.com.

Binance supports my country with the lowest fee compared to other exchanges.

p2p market is zero fee where we can buy currency cheaper than Binance Fiat Review collected by and hosted on G2.com.

some coins are not available in Binance such as CRO.

charts are limited e.g. only the price but not market cap. Review collected by and hosted on G2.com.

Binance is one of the oldest and trustable platform where one can buy and sell crypto currency as per their choice. You can easily withdraw and deposit money to your bank account and vice versa Review collected by and hosted on G2.com.

The app glitches sometimes and it's non customisable. Furthermore the user interface is also basic. I have experienced app crash as well. It would be great if it includes two factor authentication for login. Review collected by and hosted on G2.com.

The UI/UX is extremely friendly and uptime is the best amongst all crypto exchanges. The liquidity on most tokens is fairly high and the trade execution is almost instantaneous. Review collected by and hosted on G2.com.

Due to the centralized nature of the exchange, there is a slight bit of manipulation that I see during crypto correction periods or crashes which leads to a lot of trades not getting executed or stop losses getting hit unnecessarily. Review collected by and hosted on G2.com.