Binance: A Crypto Trading Platform With A Lots Of Benefits
Binance seems to have dominated the crypto trading platform for the second half of 2017 which is in contrast to Bittrex (the American based rival) that dominated the first half of 2017. Binance seems to grow ahead of competitors in the crypto space due to the various value-added services to ease trading in the third quarter of the year 2017.
Today, in 2018, the crypto space had seemed to gain lots of attention from users due to the surge in prices of cryptocurrencies particularly bitcoin and a few altcoins like ethereum, waves and ripples amongst other. This led to increasing level of coin exchange and various platform had surfaced to provide a solution to this problem but the Binance platform is unique amongst all. The most common feature is the ability to buy crypto coins with fiat currencies and it's essential when it comes to trading.
Cryptocurrency supported
The amount and scope of the cryptocurrency whose exchange support questions are among its main selling points. Binance supports several types of commercial projects and is unique as Binance lists tokens and other cryptocurrencies before other exchanges, such as Bittrex, do. In fact, Binance is usually among the first of the major cryptocurrency exchanges to add any hot projects these days.
Call it "Binance Bump", if you want. The commercial relationships of the merchants to buy coins that are recently listed in the subsequent ICO.
Binance has its own Token called BINANCE COIN,
One of Binance's main advantages over other trading platforms and websites is that it owns a custom cryptocurrency BINANCE COIN with the symbol BNB.
Binance Coin (BNB) is a token generated by Binance that is offered as a trading pair against other important coins, such as Bitcoin (BTC) and (ETH) in exchange. The advantage of using BNB for this purpose is that merchants save a huge amount of transactional fees compared to if they use ETH or BTC as the base of operations. Also, this token had an internal value which is a bonus for users using this platform
A powerful leadership
Unwavering leadership is the heartbeat of any successful organization of which Binance's leadership which has been impressive in recent weeks.
For example, Binance CEO Zhao Changpeng appears on CNBC and Bloomberg at the end, bringing the confidence and wonder of leadership face to the community. Transparency is refreshing and definitely attractive for floating operators who want to find a reliable platform to establish ecosystem purchases.
Fee
The Binance rate is slightly better because its negotiating rates are between 0.05 and 0.1 percent.
Security and customer service
At the point of customer service, this is a little deficit which I would term as an advantage over other exchanges as Binance resolves customers issues over the email and social networks as the majority of the customers are mobile.
Conclusion
A trading platform such as Binance and Bittrex are the only daily volume of global crypto markets for good reason: they drive the economy of the crypto world.
Any of the trading websites for cryptocurrencies are without individual pros and cons, but there is no doubt that Binance seems to be the hottest of the exchanges today. Others just have to brace up to catch up with Binance.
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Thanks for reading
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I think binance is an awesome platform what I like most about them though is their openness about what is going on with their platform when something goes wrong.
That's a good post for those that aren't in the know. So far I really like Binance.
You don't have to sell me. It's a great exchange from what I can see. It's my favourite so far.
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I am also a Binance user. My only wish is that they would add more coins. Nothing worse than seeing a coin you wanted to invest in and its on another exchange. I am not going to use multiple exchanges as i am still new so maybe by the end of the year i would have changed my mind.