Binance
Binance is by far the biggest crypto exchange of the world. Every 24 hours there are traded 12 Mrd. USD at Coins, 33 Mrd. further in Futures. The next 3 big exchanges are trading fewer volume together than Binance alone .
The user interface
Binance has so much functions that the user interface looks really overload and confusing at the beginning. After a short training you it's a strong exchange for nearly every wish you can have in the cryptounivers. with that Binance is imperfect in everything but solid enough for ordinary use.
I personnaly use Binance like a main bank. I put my housekeeping money in there and trade it for crypto at good prices. After that I am borrowing Fiat against my coins and spend it with the Bainance Visacard.
Binance is like a main bank. Can do everything, but only mediocre. For high standards I am using specialized exchanges.
- My opinion
Main functions
The main functions at Binance at a glace.
Spot market
Futures
Finance
Trouble with Binance
Let's talk about issues with Binance.
Hacks The biggest echange got hacked several times. Every hack got enlightened and compensated by Binance.
Regulations Binance is an almost unregulated exchange, because they are decentralized and don't have a headquarter. I personnaly like these corporate structure. This results in some problems with authorities, especially in Europe. So Binance had to stop FIAT deposit for a long time in Europe..
Allrounder Because you can do nearly everything with Binance, but nothing perfectly, it's a good exchange. Maybe something between good and very good. If you only wanna use one exchange it would be a good choise. If you wanna use multiple exchanges you can do without Binance.
All in all I recommend it..
