![]() Do keep in mind though, that any platform like this is going to have a steep learning curve for beginners and Binance is no exception.Īnother huge advantage present is the sheer amount of currencies that are available. This really is quite low for a service that is as popular and widely used as Binance and it’s a huge advantage especially if you are relatively new to trading. Using the maker-taker fee structure, typically their fees range from 0% to 0.1%. ĭespite being such a massive platform, one thing that you will notice about Binance if you use their services is the fees that you can expect for trading. In terms of daily trading volume, Binance is currently the largest exchange in the world. Binanceīinance was founded in 2017 by a developer who had been involved in creating high-frequency trading before the rise of crypto. Let’s look a little deeper into the two platforms and the pros and cons you can expect when dealing with each one. They each have their own advantages and disadvantages and there are numerous differences in terms of what each platform offers. If you are still mulling over which platform to use, these two should be close to the top of your list. And the unfortunate thing is that there are still minimal resources out there that are providing helpful information in regards to which ones are which.īinance and Kraken are two platforms that each boast millions of users and have a lot of upsides in regards to their functionality for traders. ![]() There are some which are reputable and worth using, but there are also many which are pretty much useless.
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