Binance
Our opinion
- Customer Service (4.5/5)
- Fees (4.5/5)
- Number of Cryptos (5/5)
- Accessibility (5/5)
Overall Rating
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Strengths
Low transaction fees
Fast and reliable
Wide variety of cryptocurrencies
Suitable for beginners and advanced
Many services and resources available
Weaknesses
… But this wide variety of services can sometimes confuse the most novice
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Binance, world leader in crypto platforms
The crypto platform Binance is founded in 2017 by Changpeng Zhao with a site based in Hong Kong. Quickly, this platform is gaining popularity which in just one year propels it to the rank of the largest crypto exchange in the world in terms of daily volume of cryptocurrency transactions.
Indeed, its success is based on a reliable and serious offer. This platform offers a refined interface and services accessible to all profiles, including amateurs, while giving the opportunity to seasoned users to deepen and detail their investments. Also, it is a very complete platform that even promotes its cryptocurrency, the Binance Coin (BNB), based on its own blockchain and currently ranked 4th cryptocurrency by market capitalization.
Binance interface overview
More than a crypto platform, an institution
However, Binance's success isn't just based on a wide variety of cryptocurrencies and some of the lowest fees in the market. In reality, a whole ecosystem has been created.
First, the Binance cryptos platform provides financial or peer trading services. Do you want to invest in NFTs? Binance offers you an NFT marketplace to discover creators and make your investments. Also, you want to schedule recurring purchases of cryptocurrencies or set up trading robots to automate your activity? Binance allows you to do that.
In addition, it is an online learning center (Binance Academy), a platform for launching coins and tokens (Binance Launchpad), an international community of investors on different networks (Telegram, Discord…) or special broadcasts scheduled live on the site.
To conclude, and you will have understood, the services are so numerous that it is difficult to count them all.
