| Binance Review - The Best Crypto Trading Platform? |
In this Binance review, we’ll be looking at the crypto trading platform that was created in 2017 by Changpeng Zhao, a former chief technical officer of OKCoin and co-founder of BijieTech prior to founding Binance. The exchange only started in July 2017 but has already received recognition from many leading cryptocurrency experts and publications such as CNBC, Forbes, The Wall Street Journal, and The New York Times. Is it really the best crypto trading platform? Let’s take a look.
Ease of Use
Easy to use. Binance is an all-rounder that provides users with everything to do with crypto on one platform. Binance makes it easy for beginners to sign up and start trading, but advanced users can also get as technical as they like with Binance's Advanced Charting, Trading, and Custom API Keys.
Binance App
The Binance mobile app is user-friendly and easy to navigate, especially for new users. With their white papers, useful FAQs, and step-by-step instructions, you’ll quickly learn how to use all of its tools. Keep in mind that they offer both a basic and advanced trading interface. Though an experienced trader might appreciate having all of those additional tools at his or her disposal, beginners may find themselves a bit confused. And since there’s no live customer support like what you’d find on Coinbase or Kraken, if you have any issues with your account you won’t be able to reach out to anyone right away—that can be nerve-wracking.
Deposit &
Withdrawal Times
Next, you'll need a digital wallet. You can either deposit
coins into a wallet on an exchange or use a separate wallet. Coins deposited
into an exchange are inherently vulnerable to theft through hacks and also take
up precious space on your hard drive. Wallets that exist outside of exchanges offer
more security than those within exchanges, but they can be difficult to set up,
although they're much safer than directly depositing money into an exchange and
less expensive as well. Read our guide on Bitcoin wallets for some good
suggestions on which wallets are the safest and easiest to use
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