Powered by TradingView, traders will be well-equipped to analyze historical and live price action. Seasoned traders will appreciate the crisp, streamlined, and highly responsive charts on desktop and mobile. American traders can now use Binance.US, a separate exchange tailored for the US market. However, Binance.US has fewer token listings and https://www.tokenexus.com/binance-review/ limited availability in some states due to regulatory restrictions. Binance the exchange has continued to innovate, bringing new products to market and new options for purchasing and trading cryptocurrencies to all corners of the globe. Demand is driven by the need to use BNB to access lower trading fees and exclusive features on Binance.
The fund is valued at over $1 billion, making it massively valuable to Binance users. To ensure that its massive customer base can always get a prompt answer to a question, Binance offers a comprehensive support center, 24/7 live chat, and voice call support. However, to reach a customer advisor, the user must first speak to a helpful bot to point them in the right direction and gather additional details about the user’s issue. Binance is unmatched regarding the breadth of its crypto product suite paired with deep liquidity. As crypto adoption grows, no brand is currently better positioned than Binance to onboard the next wave of users and drive mainstream acceptance. For the foreseeable future, Binance remains the top platform for anyone seeking to enter and engage actively with the cryptocurrency space.
Exchange rates
We have continued to update this review since Binance was first launched ( we were one of the first to offer a review of the platform at the time ). And as time has progressed, time and time again Binance have proven to be one of the very best, if not the best, exchanges available. Adding phone support could help provide a more responsive and personalized support experience versus relying solely on tickets and chat. But overall, Binance customer support gets the job done and improves over time.
- Binance has a proactive strategy for adding new cryptocurrencies, considering market trends, project feasibility, regulatory compliance, and due diligence.
- The exchange has built up a tremendous suite of products and supported cryptocurrencies.
- It follows a similar process of evaluating market trends, project feasibility, regulatory compliance, and due diligence to determine which cryptocurrencies to list.
- One of the biggest advantages of using Binance is its competitive trading fees.
- Regulation – Binance is far from the most regulated exchange on the market.
- Liquidating our FTT is just post-exit risk management, learning from LUNA.
The key difference between Binance Liquid Swap and Uniswap is that Liquid Swap is centralized. A very neat feature, Binance provides a peer-to-peer (P2P) trading service, which connects buyers and sellers of cryptocurrency directly. This facilitates fiat payments, with a wide variety of payment options that depend on the users’ preferences.
Is Binance Better Than Coinbase?
Margin requirements, position sizing, risk management are all important considerations when trading futures. In addition to the most popular coins, Binance is known for listing many smaller cap altcoins not readily available on other major exchanges. New cryptocurrencies are often quickly added after their initial coin offering. With the Classic or Advanced platforms you also get access to advanced order types and charting tools for more advanced trades.
The first negative thing we want to point out about Binance is that it’s an unregulated exchange, which is not uncommon in the industry. It is a safe platform to operate on but we would rate it higher if we saw a governmental regulation to prove its trustworthiness. It was a little bit difficult to get a hold of the contact email address for customer support, which is understandable with the number of clients they serve. In simple terms, they have made it very easy to get started with crypto trading and they keep their customers by giving them what they want. Not many exchanges out there will be able to compete with Binance if they keep up the pace of pleasing almost everyone. We’ve written in-depth reviews for all the platforms featured there.