Binance Review

Binance review

Binance is a cryptocurrency trading platform that offers one of the most competitive fees in the market.  They are able to offer these competitive fees due to the massive amount of cryptocurrency traded on their platform everyday.

Binance was founded by Changpeng Zao (aka CZ) in July 2017. It was initially situated in China; however, it was later moved from there because of China’s strict cryptocurrency laws and currently has its headquarters in Malta. It has been experiencing astounding success since it was developed, and today it processes up to 1.4 million transactions in one second.

The platform accepts users from all parts of the world and is considered to be number one in the number of cryptocurrency products offered on their website.

Let's mention some of their most known cryptocurrency products:

  • Binance Visa Card
  • Cryptocurrency loans
  • Staking
  • Binance Smart pool
  • Liquid Swap

And plenty more!

If you are looking for the one stop shop for anything in relation to cryptocurrency. From purchasing to trading to staking to pay with then you should definitely go for Binance.

Binance Review by Sean Camilleri

Binance User Count

Binance Cryptocurrency support

Binance Review: Security

Binance Fees

Binance Ease of Use

Binance offers all type of products and services in relation to cryptocurrency. Due to the fact that they have all these products on their platform, it makes it complex to navigate for the beginner.

If your sole purpose is to buy cryptocurrency and just store it on a wallet, you won't find Binance as an easy to use platform. The same goes for the mobile app- the solution to this issue was that Binance create another version of the mobile app and from the app itself the user can choose between the 'normal' and the'lite' version  - of course with the lite version having a much simpler interact and straight forward interaction.


Binance lite on mobile



Pros of Binance

Over 200 cryptcurrency supported

Super competitive fees

Innovative Crypto products

Instant Verification

Multi-factor authemtication

Cons of Binance

Unresponsive customer support

Downtime of platform

Not User Friendly