A great tool for trading FIAT to CRYPTO and vice versa
January 19, 2022

A great tool for trading FIAT to CRYPTO and vice versa

Anonymous | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Overall Satisfaction with Binance

Binance is used by us to exchange tokens into GBP, and vice versa. It allows minimal fees compared to other platforms and is nice and simple for the whole team to use. It is not used as regularly as other competitors but it does have a broad range of assets available.
  • Great for exchanging FIAT into CRYPTO.
  • Great for exchanging CRYPTO into FIAT.
  • The user interface is simple.
  • Easy for the team to quickly see charts and graphs.
  • Could have better holding security to ease people minds.
  • Updated app appearance.
  • Push notifications could slightly more reliable.
  • Buying tokens.
  • Ability to send tokens into other platforms.
  • Ability to convert back into FIAT.
  • Allowed development into an online presence.
  • VR word land buying opportunities.
  • Start to investigate the possibility of future acceptance of crypto for payments.
Binance is very similar to Coinbase, however, Coinbase feels more grounded and user-friendly. However, this could just be the interface. Binance has more available tokens and coins, and lower transaction fees. This is very important when volume comes into play for the future. Going forward the lowest fees will win.

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Binance is one of the best for more niche assets or coins. It usually has the correct coin needed to purchase things digitally as most organisations are moving into a "metaverse" approach. Easy to then send these tokens on and be used elsewhere. Could have more holding security options, or at least advertise what their security is.