Binance

Binance is one of the biggest online crypto exchange platforms. It was launched in 2017, and it is based in San Francisco, America. It is best for cryptocurrency traders, peer-to-peer trading, and crypto-to-crypto trading. With Binance.US you can purchase and sell more than 50 cryptocurrencies. It handles popular digital currencies such as Dogecoin, Etherium, Bitcoin Cash, Litecoin, and more. For Binance alternatives, check the following list.

Traders can store their electronic funds on the Binance platform.

Features

1. Supports more than 50 currencies
2. Peer-to-peer trading
3. Crypto-to-crypto trading
4. Offers 0.1% trading fee
5. Binance Futures
6. Multi-platform supports
7. Has a Binance fiat Gateway
8. The platform supports more than 15 languages
9. Has Lite mode and Professional mode to cater for different traders

Pros

• Charges the low trading fees
• No charges for deposits
• Offers many currencies
• Has mobile app (Android and iOS App)
• Accepts debit and credit card
• Accepts more than 12 fiat currencies including Euro
• Binance is insured in case of security breaches
• It is a trusted brand in crypto
• Offers great customer service

Cons

• It is not available in other U.S states
• It is limited to U.S users
• Does not support traditional methods of payment
• Not user-friendly for beginners and it can overwhelm experienced traders

*For Binance alternatives, check the following list.