TrustRadius: an HG Insights company

Binance

Score8 out of 10

26 Reviews and Ratings

What is Binance?

Binance is a global blockchain and cryptocurrency infrastructure provider with a financial product suite that boasts the largest digital asset exchange by volume.

Categories & Use Cases

Binance Smart Exchange

Use Cases and Deployment Scope

I use binance mostly it's better features and smoothly performance makes me happy. Its P2P service is amazing and i will advice to use it.Diposit method is best most of the tokens are available for trade and spot trading is very good for me. Now I am very happy to get platform like binance.

Pros

  • Launchapad
  • P2P
  • Trading
  • Deposit

Cons

  • Exchange to wallet transfer
  • Alert for token price

Most Important Features

  • P2P
  • Spot trading
  • Converter

Return on Investment

  • Less loss
  • At least not lagg

Binance Review!

Use Cases and Deployment Scope

It allows me to look into crypto investment and helps me manage my portfolio. I do a lot of crypto research on it and definitely find it modern and get up-to-date information with regards to the latest information in the market. Definitely a recommended tool for people to use. For the business, it allows for crypto exchanges to actually take payment in crypto. This is definitely one of the more secure platforms in terms of usage with crypto collections and exchanges. It is well regulated as well.

Pros

  • Good software
  • Great information
  • Great analysis tool

Cons

  • User onboarding
  • Customer support
  • Better user guide

Most Important Features

  • Transparent
  • Widely used
  • Good reputation

Return on Investment

  • Positive crypto investment.
  • Good news and analysis too to help increase ROI.
  • Allow for crypto collection for business.

Binance

Use Cases and Deployment Scope

I don't use Binance for work. I use it for personal use. It's a great app/company/program for all that want to get into stocks. This one is a little more advanced but it's perfect for those who can read the graphs and keep up with the trades.

Pros

  • Fast trades
  • On second graph reads
  • Great at having quick transactions

Cons

  • Could be less advanced for beginners
  • Fast customer service
  • Could be easier to at first glance

Most Important Features

  • Easy of read of graphs
  • Quick and real time transactions
  • Contains almost every stock out there

Return on Investment

  • Could be easier to use to beginners
  • Could use more promotion
  • Nothing else

Alternatives Considered

Binance

Other Software Used

YouTube Live, Facebook Live, TUNE

Best Application for Crypto Trading and Investment

Use Cases and Deployment Scope

I Use Binance to trade Crypto Currency and different coins like Bitcoin, LTC, Doge, and ADA.

Pros

  • User Friendly Application
  • Easy to Use for New User as well
  • Have very less downtime as compared to its peers

Cons

  • Can Improve on Application slowness
  • Can improve it's reach in the countries it doesn't support
  • Can Include some more payment integrations

Most Important Features

  • It gives me access to all the Crypto Currency or coins
  • It support Indian Payment options
  • It gives me good reward on referral

Return on Investment

  • It gave good opportunity for investment which resulted in good ROI
  • It's better than Indian Exchanges as the manipulation is high there
  • It's the best platform to check the actual prices of coins as other applications nowadays are fluctuating in prices

Binance should free the limit of withdrawal for BNB

Use Cases and Deployment Scope

I used this application for a long time. One of the best crypto trading applications. But a little problem I'm facing regarding BNB, they should allow them to withdraw any amount of BNB to equal to 1$ and remove the limit of 0.2 BNB option, last few months BNB goes up and I'm facing the problem to withdraw my trust wallet coins.

Pros

  • Withdrawal limit should be less for BNB coin

Cons

  • App takes time during Loading

Most Important Features

  • Future trading

Return on Investment

  • Positive impact is I make so many profit through finance

Other Software Used

Coinbase, Coinbase Wallet, Coinbase Commerce