How Binance Crypto Exchange is Better

My Personal View: 

I came across Binance Exchange platform when i bought Enjin Coins once in October 2017. Before that I, was into other exchanges, both Indian and outsides one. Binance seems to be my favourite Exchange now. There are many features and aspects of it that i love the most. It has buy against BTC  / ETH / BNB ./ USDT.

BNB is its own coin and if you possess it then the transaction cost per coin will fell down to 50%. That’s something else, we wont be talking today. Starting from registration to withdrawal, the whole website seems to be quiet simple.

Even after this blog if you find it difficult to operate on this platform, do seek help at our social channel of Altdecrypt: telegram and Whatsapp groups. 

I personally cover 10 aspects of measurement in analysing  an exchange and its workings. Before I move to such details, let us see what Binance says about itself.

Safety Stability

Multi-tier & multi-cluster system architecture

High Performance

capable for processing 1,400,000 orders / second

High Liquidity

Abundant resources and partners

All Devices Covered

Support Web, Android, Html5, Wechat, PC

Multiple-Language Support

Chinese, English, Japanese, Korean

Multiple-Coin Support

BTC, ETH, LTC, BNB

Well, understanding these terms, wont be difficult for you. Now, I would to add my personal views on some important facts and workings of the Binance Exchange:

CLICK HERE TO JOIN AND ACCESS BINANCE EXCHANGE.

Registration Process

It’s quiet simple like having email id and verifying the confirmation email. Other sets of operation for 100BTC per day needs further account clearance. For small or lower than that no major verification needed.

level 1 : 24h Withdrawal Limit:2BTC

level 2 : 24h Withdrawal Limit:100BTC

Higher Limit Lv.3 : Contact Binance Exchange

Note : For most people I think Level 1 and 2 are sufficient.

Account Verification

For level 1, simple mobile and email verification. For level 2 you can send your National ID proofs.

Security Measures

Yes, they have 2 factor authentication like SMS authentication and Google Authentication system. Just save the barcode and text somewhere for future purpose, in case you miss it.

AltCoins Availability

Majority of Altcoins available like XRP, ENJ, IOTA, BTG and many more. And in coming days are being added on regular basis.

Transaction Fees

this part is very important in Binance Exchange that I love the most. The speed of sending altcoins and BTc is too fast to resist. and fees is very very very very very….. nominal in comparison to other exchanges. Not only inter exchange transfer fees but, buying and selling fees are also very nominal.

Note: If you transact using their own coin BNB, transaction fees will be 50% while buying and selling coins in exchange.

Support System

Well, they miss the LIVE chat support and Guidance. But, ticket system also very fast and you to be patient if you mess up with something.

Bounty and Bonus

Yes, they do run Bonus, Bounties and Airdrop time to time. In last 3 months from Sep’17 onwards they had 4 such programmes.

Mobile App

Yes, They do have and very easy to operate ones. I have tried Android app.

Ease of D / W

Deposits and withdrawals are always of major concern. Well, deposit depends on the exchange or website from where you sending your coins. Just take care of wallet codes. cross check them once before transferring.

Withdrawal process is quiet fast. I did transfer today on 13th December 2017, an amount of 0.12 BTC from Binance Exchange to other. Now a days people even complaint for 10 or 12 days, and if not at least 3-4 hrs on best to best exchange, but my transaction went across in 30 seconds……. wow ! Just amazing !. Just click on “funds tab” and deposit or withdraw at ease.

Social Presence

Yes and obviously they are widely present on Telegram, Facebook, Twitter etc. Just check Binance Exchange website at bottom for links.

Overall repost says that Binance Exchange is class apart from others in terms of use, fees and speed.

Disclaimer: We are not responsible for anything related to Binance Exchange and your interpretation of this article.

Binance Exchange

Binance Exchange
9.3

Registration Process

10.0 /10

Account Verification

10.0 /10

Security Measures

10.0 /10

AltCoins Availability

7.5 /10

Transaction Fees

9.5 /10

Support System

6.0 /10

Bounty and Bonus

10.0 /10

Mobile App

10.0 /10

Ease of D / W

10.0 /10

Social Presence

9.5 /10

Positive Points

  • Easy to operate
  • Low Fees and Faster Transaction
  • Rewards and Bounties
  • Good Social Presence
  • All Major Alt Coins Available

Negative Points

  • Missing live chat
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3 thoughts on “How Binance Crypto Exchange is Better

  1. Binance Info Beta Launch

    *http://www.altdecrypt.com/Binance*

    – coin/token information.
    – including basic info.
    – up-to-date news.
    – real-time price movements.
    – social media.
    – community info.

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